Screeria nigeria. Briefing. And later epa Administrator Gina Mccarthy testifies on her agencys 2016 budget request. Next treasury secretary jack lew and John Koskinen testify on the 2016 budget request for the Treasury Department. They also discuss cybersecurity, tax fraud, Taxpayer Services, and Small Businesses. This runs just under two hours. The subcommittee on Financial Services and general government will come to order. Good afternoon. The subcommittee as i said, will come to order. Today marks the first hearing of the Financial Services and general Government Subcommittee for the 114th congress. This is also my first hearing as subcommittee chairman. And im pleased to serve alongside the new Ranking Member my good friend, senator coons. I would also like to acknowledge senator langford and senator durbin. Although our subcommittee is small, the number of agencies we fund is large. And their impact on our economy is significant. Im confident that our members are up to the task be
On the theme that chairman boos man started with about, Community Banks can make significant difference. Describe how the Community Development Financial Institutions fund is used to help rebuild distressed neighborhoods and Small Businesses and the bond guarranty program ramp up two billion how they might play a constructive role providing access to capital first. Second, senator boozman. About the burden, the Regulatory Burden on smaller banks. I heard from a number of folks from the Financial Community who believe once banks obtain more than 50 billion in assets they suddenly become subject to Regulatory Oversight of the megabanks. While im a strong supporter of steps taken in doddfrank to prevent future crises im wondering if that is quite accurate or is there a step series where you steadily ratchet up regulation into froing size . Would welcome your insight into that point as well. Thank you, senator. Cdfi i think is enormously Effective Program both because of what it does direc
Attack takes place in our own country. This president by the way his former secretary of state let us down in this regard. We will hear from hillary clinton, from an emilys list gala, and we will hear from jeb bush in iowa, speaking at a fundraiser for david young today at 6 30 p. M. Eastern here on cspan. The Senate Appropriations Committee Held a hearing on tuesday to review the president s budget request for the Treasury Department. Jack lew and john cost them and discussed why additional spending is being proposed. They also talked about areas like Cyber Security, tax fraud and irs Taxpayer Services in helping Small Businesses. This is almost two hours. The subcommittee will come to order. Today marks the first hearing of the Financial Services and general Government Subcommittee for the 114th congress. This is also my first hearing is subcommittee chairman. I am pleased to sit alongside the new Ranking Member. I would also like to knowledge the other members of our subcommittee. A
In the United States i am sure you are very aware that we are in the midst of significant budget battles and dysfunctions one might say, and for those of us who watched defense we are particularly the implications of that for u. S. Defense strategy and planning. Im wondering how you would describe the cuts in defense in canada. I dont think you have quite the political environment we do right now but surely you must have the same sense of general interest in how canada plans to go forward and again strategically where canada wants to be in terms of its role in the world and how to underwrite that with military capability. I would love to hear a little bit about the efforts underway in canada including your own defense reform initiative. That looks to cut inefficiencies to free up some funds. Good for you youve got the name right. The defense renewal team has worked a year. One of the first tasks in taking on this position was the direction to maintain everyone and the numbers that i ha
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