The hearing will come to order. Director wray, appreciate you coming over. Try to get you out of here by 1 00. You have an agency to run. Well do seven minute rounds. If theres cleanup, well try to accommodate. Briefly, the oversight hearing comes at an important time. Even though theres no evidence the russians changed the tally of the 2016 election, i think they exceeded their wildest expectations in terms of interfering with the 2016 election. I think all of us are interested in what to do to make sure it doesnt happen in 2020. I am very interested in what china is doing, section 2015 authorities are about to expire. I want to hear from the director what that means to the country. We have a fisa warrant investigation coming soon, a problem with media leaks at the fbi. Having said all that, it has been a difficult time for the fbi. Lets not let a few bad actors taint a great organization. Before we start, we appreciate what you do. Without their service, this country would be a dange
Our second panel is chris brummer, Research Professor director, institute of economic law, and University Law center. Our second witnesses katerina pastore, and columbia law school. Gendler who is professor of the practice of Global Economics and manager. Mit sloan school of management Senior Advisor to the director, Mit Media Lab and codirector of. The next witness will be robert wiseman, president , public citizen, and the final witness will be chief Strategy Officers. Welcome to all of you. Without objection, your written statements will be made part of the record. Each of you will have five minutes to summarize your testimony and with one minute remaining a yellow light will appear. At that time i will ask that you wrap up your testimony so that we can be respectful of both witnesses and Committee Members times. You are recognized for five minutes to present your testimony. Thank you so much. Members of the committee, thank you for inviting me to testify. Im here in my academic cap
The oversight committee. He address Election Security and fbis response to domestic terrorism and white supremacist violence and other topics are chinese espionage and threats from an official. This is just under three hours. [inaudible conversations] [inaudible conversations] come to order we appreciate you coming over director ray we will try to get out of here by 1 00 oclock you have an agency to run and if there is any cleanup we will try to accommodate. Very briefly the oversight hearing comes at an important time even though there is no evidence the russians change the tally of the 2016 election they exceeded their wildest expectations or interfere with the 2016 elections. All of us are very interested in what we can do to make sure this doesnt happen again in 2020 and after what china is doing section 2015 authorities are about to expire to hear from the director what that means to the country with a pfizer warrant investigation we that is coming also media leaks at the fbi. Hav
Captioning performed by vitac many have expressed concern that facebook could outcompete banks and nondepository Financial Institutions and become some sort of Financial Services monopoly. I understand facebook has demonstrated a dominance in the social media space but i want to better understand this Financial Services monopoly idea. The Libra Association is made up of 28 pounding members, more to come, many of which have played in the Payment Processing space for a long time. Some of these firms are very large, visa and mastercard have billions of cardholders and process trillions of dollars worth of transactions. Some have argued that this association is a thinly veiled attempt at facebook eventually attempting to create a bank. It may or may not be, but i am more reminded of another Payment Innovation that started in the 1950s and 1960s as associations of likeminded companies, the Bank Card Payment networks. Banks issued their own cards, but banded together as Regional Bank card as
Test test test test test test test test test test test test. O. To address problems as they arise and to report to the two president s. Essential is a green bilateral strategy and action agenda and then setting up the concrete working arrangements that are going to allow us to carry out Law Enforcement and capacity building. If we can do that, we can generate good confidence and good results working together between mexico and the United States. Thank you, mr. Chairman. Thank you, ambassador wayne. Let me start with a round of questions and ill turn to senator feinstein. Let me just ask you about the last comments you made, ambassador wayne about cabinet level individual. Are you talking about a president ial envoy of some kind that would be focused on mexico and Central America in this region or did i misunderstand you . I know its similar to the idea you put forward. I was thinking mainly in the u. S. mexico context that you need a senior enough level group to get the attention of al