Will come to work. Welcome todays hearing on the oversight of the general trade commission. On extended a welcome and thank you for appearing. You will all appear roughly this morning. Include fcc chairman joe simons, and noah phillips. Commissioner chopra pretty commissioner Christine Wilson and rebecca slaughter. Cc the established in 1914. Under federal trade commission act. The fcc is chiefly responsible for protecting consumers from unfair, or fraudulent Business Practices in the marketplace. This includes protecting consumers privacy, and security of the data. And harmful uses of technology in combating deceptive advertising and illegal protocols. The fcc is also responsible for educating consumers about fraudulent activity, and predatory Business Practices and Consumer Education is an essential part of their mission. And its intended to inform customer choices help prevent americans from falling victim to fraudsters, cyber criminals another bad actors. And recently discussed and
Why are we the people more actively involved. Major contributions of far has been completely devalued the idea of regulatory oversight. Of department of education or scott pruitt. And these people who are essentially trying to dismantle government oversight from within the e. P. A. Is regulators people that are jeffs. Hundreds of thousands and then you add to its much a slate of gambits like the tax cut like this recent Bank Lobbyist impartial repeal of the dot frank act theyve been on their wish list for ages the stuff thousands tens of thousands of lobbyist essentially are writing the legislation every once in a while a bill will be submitted and the the lobbying firms name will be on it because the congressman messed up you know by not taking it off my question represented god well somewhat heres what represent me im just curious does it have does the legislation have some connection to alec this bill didnt come to me from alec it answered your question but the reason i ask is becau
Companies to do whatever they want to around the world in a strange way it was those who might oppose trump right now who set the stage for him to be elected it was the very policies that would out north america i mean we created huge pockets of poverty weve never had in 100 years the same difference between rich and poor the the class differences incredible they set the stage for a savior obama was supposed to be that savior and he wasnt and what happens after a savior fails you you look to something very different they set the table in my opinion for donald Trump Success do you find this contradictory in any way to the. A cabinet full of millionaires a situation where some of them have been accused of misusing their offices in terms of the of lavishness of those offices so on and so forth. To trump state a promise to drain the swamp if you will i dont think he drained it i think he moved it into the white house. So they didnt drain the swamp he just moved to dinner. I think every pol
Pres. Trump thank you. My administration has been working to reach an agreement with democrats on additional china virus relief. My administration has enacted over 3 trillion in relief, saving jobs. You see how fast the economy is coming back. It looks like it will be a sharp v. We have enthusiasm. We set a record in a three month timeframe. I just signed two bills great for our veterans. Veterans choice and veterans accountability, and they have been trying to get for decades, and we got it done, so now you have accountability. If you dont love the vets, you take care of the vets. You can actually get fired. You dont do your job. Ourant people that love veterans. The first expense eligibility for veterans with blindness in both eyes, so we have an expansion of benefits and withus elements of working the v. A. For vets with blindness and in particular blindness in both eyes, and we have a lot of in thes with blindness v. A. And where doing something about it. They have been talking abo
Small and mediumsized businesses that were in sound Financial Condition before the virus impact of the economy we will hear from the head of the fed in boston and banking and business leaders. Will come tog order. This is a hybrid hearing meaning some of our commissioners are appearing in person and witnesses will testify remotely. Let me offer a few Video Conferencing reminders. Before you start speaking there will be a slight delay before you are displayed on the screen. Click the mute button until your turn to speak or to ask a question. If there is a technology issue, well move to the next speaker until it is resolved. You should all have one box on your screens labeled clock to show you how much time is remaining. Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As a part of our oversight work, the commission has decided to hold