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CSPAN2 Key Capitol Hill Hearings February 29, 2016
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Good morning. The Judiciary Committee will come to order and without objection the chair is authorized to declare recesses of the committee at any time. Welcome everyone to this mornings legislative hearing on h. R. 699 the email privacy act and i will begin by recognizing myself for an opening statement. Todays hearing examines h. R. 699 the email privacy act and the need to modernize the electronic indications privacy act and in enacting it 30 years ago Congress Declared that the laws purpose was to achieve a fair balance between the privacy expectations of american citizens in the legitimate needs of law and fortunes and First Nations is bigger for First Nations these piriformis decades old outdated law has been a priority as chairman of the committee not to working with members of Congress Advocacy groups on Law Enforcement for years on many complicated nuances involved in updating this law. Im i am pleased to now hold this important hearing to examine the leading reform proposals
And those are very difficult and challenging things. Its not a large solution to every piece of it. They want to continue to address some of the challenges. I think theres more to be done there. Moving to a different servicer affords a different opportunity and some other tools to be able to move it. There is work to be done there, and nsi extension was certainly part of that, the neighborhood stabilization. And i think its also about treating different buckets of delinquent loans even differently. Selling off decent condition notes is very different than selling a bunch of vacants. We havent seen real different treatment from the bulk sales programs. Going forward, maybe we do trstop that a little bit more. If your fha and servicers cant, or you dont want to do principal reduction, there is this idea that the note buyers getting a discount will be in a better position than economically incentive to do principal reduction. But right now we dont have a requirement that they do that. Sim
Rural schools who currently dont get a fair shake out of the program to get funding for that program and connect kids with digital opportunities. Control of how thats delivered, correct . Im sorry. Its a possibility of losing control of how its delivered . Who is going to make the decision how i get that . All of us would set the Regulatory Framework in the private sector and have maximum incentive. I understand. Im not objecting to this. I want the best of both worlds i guess. I got a pretty good world right now. Can i make it better without throwing the baby out with the bath water and losing the protections ive got. Thats what im looking for. Senator you raise an excellent point. I have to say that the in this hearing room i keep hearing the echo of years ago sitting at this table when senator hollings was sitting up there in the chair and he kept saying in his great South Carolina draw im a born again deregulator. Because he learned as you said what are the realities when you say t
Rural schools who currently dont get a fair shake out of the program to get funding for that program and connect kids with digital opportunities. Control of how thats delivered, correct . Im sorry. Its a possibility of losing control of how its delivered . Who is going to make the decision how i get that . All of us would set the Regulatory Framework in the private sector and have maximum incentive. I understand. Im not objecting to this. I want the best of both worlds i guess. I got a pretty good world right now. Can i make it better without throwing the baby out with the bath water and losing the protections ive got. Thats what im looking for. Senator you raise an excellent point. I have to say that the in this hearing room i keep hearing the echo of years ago sitting at this table when senator hollings was sitting up there in the chair and he kept saying in his great South Carolina draw im a born again deregulator. Because he learned as you said what are the realities when you say t
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