The foundation for defense democracies. Good afternoon and welcome to the foundation for defense of democracies. My name is toby and im the Senior Vice President for Government Relations and strategy. As many of you know, f. D. D. Is a nonpartisan policy institute focusing on National Security issues. We are a source for research, analysis and policy options for congress for the congress, for the administration and for the media and certainly for the wider National Security community. We take no Foreign Government or foreign Corporate Funding and never will. To learn more about f. D. D. , please visit fdd. Org. I want to welcome the online live stream audience and also those watching on cspan today. We invite everyone to join in on the conversation which will be live tweeting at fdd. Todays event is hosted by f. D. D. s center on economic and financial power. Cefp provides actionable recommendations to policymakers on how the u. S. Can leverage its economic and financial power to achie
Members question the fcc chair about Digital Currency, shareholder protection and climate related financial disclosures. This is an hour and a half. Today we will receive testimony from security and Exchange Commission chairman regarding the wor they will testify hes going across the of the sec. I think if youre willingness to appear before the committee today. Mr. Clayton, youre willing to testify is essential to our mission at the sec, which is to maintain fair, orderly and efficient markets and facilitate capital formation. It plays a Critical Role and ensuring that our nation has Capital Markets so that the public can have confidence and trust in. It provides information to investors that that as americans prepare for the futures they may not only have a wide variety of financial opportunities, but they also have the information necessary to make informed Investment Decisions. Chairman clayton, you came before this committee a year ago with assures that you continue to take steps t
Across the of the sec. I think if youre willingness to appear before the committee today. Mr. Clayton, youre willing to testify is essential to our mission at the sec, which is to maintain fair, orderly and efficient markets and facilitate capital formation. It plays a Critical Role and ensuring that our nation has Capital Markets so that the public can have confidence and trust in. It provides information to investors that that as americans prepare for the futures they may not only have a wide variety of financial opportunities, but they also have the information necessary to make informed Investment Decisions. Chairman clayton, you came before this committee a year ago with assures that you continue to take steps to ensure that the u. S. Capital markets remained the deepest, most dynamic and liquid in the world, and actions worth mentioning include the secs final role package on regulation and best interest which strikes the appropriate balance of increased transparency at investors
Bill also works to lower the compliance burden on Financial Institutions, most of which are Community Banks, by establishing several tools to allow for more targeted sharing of b. S. A. , is bsaamlrelated information. Studies kes modest and waste ways to reduce the cost associated with researching and writing suspicious activity reports. The bill also creates a new privacy and Civil Liberties officer, as well as an innovation officer in each of the federal financial regulators. And importantly, the bill imposes new penalties on Financial Institutions and personnel that violate the law and creates a Whistleblower Program to encourage and protect those who identify such bad acts. R. 2513, as amended, has the strong support of Financial Institutions. It is also supported by n. G. O. s like the aflcio, global witness, oxfam america, friends of the earth, jubilee u. S. A. Network, and the Small Business majority, all of which are members of the transparency focus fact coalition. Its widely
We will now proceed with Opening Statements. I wish you all a good morning and welcome to the fourth hearing in the economic Emergency Management subcommittee. One of the purposes of this committee is to protect taxpayer dollars by ensuring they are spent effectively, efficiently and with transparency. That brings us to todays hearing which is entitled landlord and tenant. You can tell from the title that today we will be investigating fairly unprecedented situation. The federal government owns the building that houses President Trumps d. C. Hotel hotel. Since President Trump has declined, he is essentially acting as both the landlord and the tenant. Before i was elected to congress , over three decades Teaching College students about American Government and politics. Serious discussions about the legislature holding the executive Branch Accountable to the highest legal and ethical standards and that is exactly what we hope to do today. First lets start with some facts. All federal wor