He had a republican support. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order before we get started i want to give her deepest condolences of those impacted by the tragic shooting in florida our hearts go out to all victims and loved ones you are in our prayers. The committee is honored to welcome him stephen min nguyen following the Budget Proposal from the Treasury Department we appreciate your time and look forward to your testimony our communion committees annual meeting we have a lot of important work ahead of best when you were here last year you told us the number one priority was Economic Growth for america now we share that priority especially on tax reform. Last year working together with you President Trump in the senate to successfully overhaul for the first time in 31 years years with the tax cuts and jobs act we have a to deliver more jobs and taxes with paychex to americans nationwide
Morrow. The book cost 8. 95 plus shipping and handling. To get your copy go to cspan. Org landmark cases. Yesterday treasury secretary Steven Mnuchin testified before the house ways and Means Committee regarding the president s 2019 budget request for his agency. On most of the questions from lawmakers focus on the budget and tax reform related matters, the secretary was asked about his thoughts on gun violence after 17 people were killed in a shooting in parkland, florida. The treasury secretary urged congress to look at these issues and said he would talk to the president and other cabinet members by how to address it. This hearing is one hour 40 minutes. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the meeting will come to order. Before we get started today i want to take a moment to offer our committees deepest condolences to all those impacted by yesterday tragic shooting in florida. Our hearts go out to all the victims an
And then public efforts such as Property Assessed Clean Energy bonds have been stymied by the limitations that commercial banks have. So federal tax reform is going to get rid of the Community Investment act. And there goes tax credits and nonprofits and Banking Services for low income communities. A public bank could solve some of those issues for us. Im excited we are here today. I look forward to seeing the task force and their findings and im hoping we move forward. Thank you. Thank you. Next speaker. Hello, supervisors my name is claire [inaudible] im cochair of San Francisco [inaudible] i want to express frustration with the board process, having been here for four hours, this very important item heard at the end of the agenda and Public Comment at the end, it doesnt allow for much democratic input. Most people dont have the luxury to sit in these chambers for four hours i would normally be teaching in a classroom of first and second graders. That being said, the San Francisco Be
Shouldnt be investing in large commercial banks, we also are facing unprecedented housing crisis, homelessness crisis, despite our very large city budget. So we would like to see a public bank that would really invest in our local communities, especially most marginalized and vulnerable communities that are underserved by our current Banking System and the city would invest in Affordable Housing. Thank you. Thank you. Next speaker. Thank you, and good afternoon all my relations, my name is Tony Gonzalez and im with the American Indian movement. And im the director of a. I. M. West here in San Francisco. I come here to encourage this discussion on behalf of the international, or intertribal community, i believe most of us are in support of this effort and i would like to also commend former Supervisor John Avalos for having the foresight to having initiate this process in 2011. And also, its rather ironic that north dakota has the public bank and this is where we have seen in the last t
Hensarling the meeting comes toorder. The chair is authorized to call recess at any time and members have five days to submit records. The hearing is for the purpose of receiving the secretary of treasuries annual report on the state of the International Financial system. Before proceeding to that report, i will give you a report on the hollings worth family. Joseph albert holingsworth arrived this morning weighing in at 7 pound, 15 ounces. Mother and baby are doing well. Husband and father is a total wreck but congratulations to our colleague tray hollingsworth. [applause] we will give him an excused absence from this morning. We welcome secretary treasury steven mnuchin. As we know this system rest heavily upon your u. S. Financial system and that system clearly needs improvement. Fortunately, President Trump has outlined a bold, forward looking plan to tackle the Serious Problems facing hard working American Families who have seen their pay checks stagnant and dreams diminish. The e