This is two hours. [inaudible conversations] the committee will come to order. Without objection the chair is authorized to recess the hearing at any time. Beforere we turn to the substance and then members should during these proceedings in light of the cautions by wearing a face cover such as a mask so i urge unless youre speaking to please be wearing a mask. We are also conducting this hearing which affords Additional Space for those who are physically distant so before we get into housekeeping let me give my best wishes to the president and the first lady for a speedy recovery of covid19. We were all quiteor shocked and distressed this morning to learn of their illness and we hope for a speedyy recovery they are very much in our thoughts. The department of Homeland Security leading dhs office of intelligence and analysis referring to the office throughout the hearing left the committee no choice to issue a subpoena for the hearing today from counsel of the client and then the forme
Have the numbers as soon as they hit the tape and show you the impact. Coronavirus keeping the c task force going indefinitely focusing on Vaccine Development and reopening the economy. Meanwhile some lawmakers looking to expand the Paycheck Protection Program and add more stimulus but others raising concerns about growing debt and deficit. Markets this morning pointing to higher opening. Take a look at futures, indicating market wills open higher in triple digits, dow up 3020 points, s p is up 41 and nasdaq higher by 138, one and a third percent, this after concerns of new china relations to china. Scope memo is out. Outlining authority to former special counsel Robert Mueller, it reveals probe went beyond and completely openended. The fallout coming out. People are working out and playing video games, pelaton surging 66 , the company boosting Sales Outlook and the stock flexing muscle as well. Stock up 17 in premarket. Fortnite becoming one of the most Popular Video games ever surpas
Three. Commerce on frank loan will be marking up hr three. And mr. Neil, will be heading this week and next week. So really going down the path, of passing legislation. That will be transformative in the lives of the American People or what it will see to them and what it will see to the pacs taxpayers as well. Might be interesting to you to know in the course of this past week or so, rational Budget Office reported that it will save taxpayers 345 billion. The medic art alone. At the National Institutes of health that will benefit whether dental visual or hearing or whatever but the other considerations as well but as they mark up the bill this is the amendment process on the floor and other ways we may want to invest some of that money toward the benefit of americas working families of innovation and research. Today some of you will witness we had the announcements of College Affordability to make Higher Education more affordable and expanding opportunity including access through qual
Members had town hall meetings, press conferences and the rest, to listen to peoples concerns, to share what we intended to do. And now that were back this week, two committees, education and labor under bobby scotts leadership, will be marking up h. R. 3. Energy and commerce, under frank chairman frank pallone, will be marking up h. R. 3. And ways and means committee, mr. Neal, chairman neal will be having a hearing on the bill this week and marking it up next week. So were really going down a path of passing legislation that will be transformative in the lives of the american people. For what it will save them, what it will save the taxpayers. Might be interesting to know that in the course of this past week or so, Congressional Budget Office reported that h. R. 3 will save taxpayers 345 billion on the Medicare Part d piece alone. And that it will the office of the actuary reported that drug negotiations in medicare and medicare inflation rebates will save households 158 billion. And
Ms. Pelosi good evening, everyone. Thank you for being here. Well be joined by our distinguished chairman as soon as he finishes voting. Well begin by talking about how pleased i am with the work that our members did during the break. As i say all the time, we are legislating, we are investigating and we are litigating. On the legislative front, we had very great drumbeat across america for h. R. 3, our legislation to bring down the cost of prescription drugs now. Members had town hall meetings, press conferences and the rest, to listen to peoples concerns, to share what we intended to do. And now that were back this week, two committees, education and labor under bobby scotts leadership, will be marking up h. R. 3. Energy and commerce, under frank chairman frank pallone, will be marking up h. R. 3. And ways and means committee, mr. Neal, chairman neal will be having a hearing on the bill this week and marking it up next week. So were really going down a path of passing legislation tha