[inaudible conversations] [inaudible conversations] come to order. Without objection the chair is authorized to declare a re cess for the committee at anytime. Entitled bureaucratic overreach for Consumer Protection. Examining the cfpbs latest action to restrict composition in the payments. Without objection all members have five legislative days to submit extraneous materials for inclusion in the record. I want to recognize myself for five minutes to give an opening statement. Todays hearing, bureaucratic overreach or Consumer Protection, examining the cfpbs latest action to restrict competition in payments in my view is critical because its going to talk about this large participants in the general use of Digital Consumer payment applications market. This is the sixth lpr that the cfpb has initiated. And putting aside the egregiously short Comment Period which frustrates both members of this committee, the deeply flawed cost benefit analysis which are both have become hallmarks of th
With the socalled professional complainants, as a result, in the twentysecond year we received about 37,000 complaints, this is 30 lower than in the twentyfirst year, this is due to provisions in the law that made it more difficult for professional complainants to interfere with competition procedures. Now additional requirements are imposed on procurement participants experience in contract execution of at least 20 of the initial purchase amount; organizations that do not meet this cannot. File complaints and interfere carrying out procurement. The number of complaints recognized as justified has increased, so it is clear that Market Participants have adapted to the requirements of the law. We continue to work in areas, including within the framework of the implementation of the National Plan for the development of competition in the Russian Federation for the twentyfirst to twentyfifth year. Thank you, and here it is very important to carefully monitor ensuring equal access to the sy
May all that is done within the peoples house, be for your greater honor and glory, amen. The speaker the chair has examined the journal of the last days proceedings and announces to the house his approval thereof. Pursuant to clause 1 of rule 1, the journal stands approved. The pledge of allegiance will be led by the gentleman from new jersey, mr. Lance. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. The speaker the chair will entertain up to five requests for oneminute speeches on each side of the aisle. I pledge all to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. For what purpose does the gentleman from new jersey seek recognition . Without objection, the gentleman is recognized. Mr. Lance thank you, mr. Speaker. I rise today to congratulate three State
It the longest streak of record closes in 20 years. That of course no small feat. Investors are optimistic about broad Economic Growth both here and abroad. Theyre encouraged by corporate earnings and the prospect of u. S. Tax reform hasnt hurt either. Today the Dow Jones Industrial avere rallied 113 points to 22,775. The nasdaq added 50. That s p 500 was up 14. Bob pisani has more on wall reporter the record rally rolls on. The s p 500 closed higher for an eighth straight day. It makes it not only the indexs longest winning streak, its also the longest string of record closes. The markets ticked higher on news that the house voted to approve the republicans laters push for a budget resolution. That will now go to the senate, setting the stage for tax reform. With tax reform back on the table, banks, material, and Energy Stocks were all back up. Since the president ial election last november, five sectors are up more than 20 . Tech, industrials, and health care among them. One sector,
Says he noticed cooperation at nato and the group of 20. Powered by 2600 journalists and analysts in over 120 countries, from washington, im Alisa Parenti. Bloomberg technology is next. Emily this is bloomberg technology. Cybersecurity stocks jump in the wake of the global wannacry hack attack. The next act. A former ceo joins us to talk about his new fund and where he is placing his bets in a bloomberg exclusive. Apple hits refresh with a new. Ine of macbooks first to the lead, we take a look at the evolving Threat Landscape in cyberspace. President trump discussed highly classified intelligence in a meeting with russian officials last week. The National Security adviser says the information the president shared was appropriate , and based on opensource reporting. Take a listen to general h. R. Mcmaster defending President Trump. What the president shared was appropriate. The story combined what was leaked with other information, sources anded about methods. I wanted to make clear wit