Year to raise the debt ceiling. We go to the Chairman Committee s senator mike crapo. The chair brings the meeting to order. Today, the secretary of pressure ri Steven Mnuchin is going to testify over the 2017 report. In december of last year, fsoc issued the and report in which it gave numerous re recommendations, and identified potential emerging threats to Financial Stability. One of the recommendations urged congress to reform the Housing Finance system and boost the role of private capital in mortgage finance. I have repeatedly stated that the status quo is not a viable option and reforming the Housing Finance system is one of my key priorities. Testifying before the Banking Committee secretary mnuchin reaffirmed the commitment to work with to us find a solution and stressed the importance of finding a balance of ensuring strong Taxpayer Protection and ample access to credit. Four years ago, a Bipartisan Group of senators passed a Housing Finance reform bill in this committee. We
Including dreamers, make was a threat to the rest of the country. Duty in thismp my chamber is to defend americans. To protect their safety, their andlies, their communities, their right to an American Dream because americans are dreamers too. David we welcome back larry from the university of virginia, larry, will come back to the program, and take us into the might of the president and what he is trying to do here. The president said he wants to reach across the aisle on immigration but he up the ante it is not the dreamers we have to worry about the rest of the country. I think the whole presentation prior to the statement telling the media the speech was about National Unity faintpartisanship was a there probably isnt any hope for unity or bipartisanship. Other than a few words tossed in here and there without substance that meant nothing out of dont think there was anything unifying about the speech on immigration or anything else. It was particularly divisive. David you have terr
It provided numerous recommendations, insights into the councils key activities and identified potentially merging threats to Financial Stability. One of the rejss urged congress to reform the Housing Finance system and boost the role of private capital in morning finance. Ive repeatedly stated that the status quo is not a viable option and reforming the Housing Finance system is one of my key priorities. Testifying before the Banking Committee last year, secretary mnuchin reaffirmed his commitment to work with us to find a solution and stressed the importance of finding a balance between ensuring strong Taxpayer Protection and ample access to credit. Four years ago, a Bipartisan Group of senators passed a Housing Finance reform bill in this committee. We have an opportunity now to build on that effort and create a broader coalition of republicans and democrats to pass a bill into law. This remains one of my Top Priorities and i look forward to continuing to work with the other members
Order. Today treasury secretary Steven Mnuchin will testify on 2017 annual report and the operations and actions. Identified potentially threats. One of the recommendations urged congress to reform Housing Finance system and boost role of private capital. I have repeatedly stated that the status quo is not a viable option and reforming is one of my key priorities. Four years ago a Bipartisan Group of senators passed Housing Finance reform bill in this committee. We have an opportunity now to build on that effort and create a broader coalition of republicans and democrats to pass a bill into law i look forward to continuing to work with the other members of this committee with secretary mnuchin and other stake holders throughout this process. Another focus was Cyber Security. The list of significant tieber attacks in the public and private sector keeps growing at an alarming rate and seems to have impacted the majority of all americans. Its critical that personal data is protected and w
Treasury collaboration with congress is vital to the admission and we are working to make it that way. I look forward to answering your questions. Thank you, appreciate your comments at the Regulatory Reform and protection act and appreciate your encouragement that would move quickly. I appreciate your comments on Housing Finance reform, my highest priority in many. In the annual report last year, one recommendation was the regulators and Market Participants continue to take steps to encourage private capital to play a larger role in the Housing Finance system. I agree with that goal. Can you elaborate why it is important to play a larger role in what steps you believe we can take to further encourage . I believe in the importance of the 30 year mortgage. It is important to the economy and as we look at housing reform we need to look at fannie mae and freddie mac and the risks. Im openminded to Many Solutions and had some very productive conversations with several members of the commit