reporter: this is an opportunity for the president to meet with the leader of the prime minister of singapore. you re right, i ll be delicate here, the control room will let us know when they go to questions. we expect one from each delegation, the u.s. reporters and the contingent that came from singapore. what the president emphasized in his early remarks is that the issue of ukraine was discussed with his counterpart, and that every region of the world, he mp sized, is concerned about what is happening in ukraine, not just europe, because of course the president just came back from europe and it was clear that g-7 countries and the nato partnership are obviously deeply new jersey devilsed in that. but looking at singapore, a city state in asia with an enormous banking component and is obviously in a part of the world where the north korean threat is perhaps more of concern and china s potential as the mag gnat of power in that part of
their communities. we have a banking component, as you stated, criminal justice reform, job creation, health and wellness, renewable energy, affordable housing, transitional housing, small business, youth empowerment, women s empowerment. there s a 13-point program model, actually the train has left the tracks. we re working right now with domestic policy and strategic innovations to craft policy and executive orders to put this into effect. and we re working also in conjunction with the tax reform bill that designated opportunity zones. and the opportunity zones, there is an incentive for businesses that desire to defer or eliminate their capital gains taxes. they ll take those capital gains taxes and invest in urban community. it s a very comprehensive plan that we have. it s going to be tremendous. it s going to be a benefit to this country. it s my understanding, this is going to be done through executive order, not through legislation? it s going to be done,
were operating in silos. so one of the things we did create was not a new regulatory agency, in fact we ve consolidated from four down to three. but you re talking trillions of dollars of transactions we have created a council that says let s make sure the sec, the fed, they call come together and share that information because some of these firms, it may have been their broker dealer that was causing the problem, not their banking component but you ve got to share above the silos. then we did create sdp that will give these regulators on a current daily basis an exposure into the amount of all the transactions that are taking place, so-called office of financial responsibility. hasn t gotten any attention but will give realtime that data. and this systemic risk council, this early warning system, we think will actually allow this aggregation of data that didn t take place in the past. i have to ask you really quickly here, i said to senator mcconnell, listen, you look as thoug