Concerns over Marijuana Companies and banking. This is just under three hours. The committee will come to order without objection the clair is authorized to declare a recess of the committee at any time. All members have five legislative days within which to submit materials to the chair. This hearing is for the purpose of receiving the second of treasurys annual report on the Financial Stability of oversight counsel. Now recognize myself for 3 1 2 minutes to give an Opening Statement. Mr. Secretary this is your first appearance before the house. After the tax cuts and jobs act has been signed into law. I want to let you know on behalf of the majority, our grateful we are to you and to the president for your leadership and for helping make this act signed into law. It is truly, truly historic. After eight years of failed economic policies that led to the slowest weakest recovery, the economy is starting to take off in wages are finally growing again. Consumer optimism abounds. Interest
Im sure senator murkowski will be here shortly. As some people noah 7. 9 magnitude earthquake hit off the coast of alaska with northwest warnings issuesed for activities that were expected the warning for the tsunami waves have been recalled and no doubt im sure the senator is dealing with lots of things related to that. I want to thank our witnesses, chairman mcintyre and mr. Walker for being here and the staff people that are here and blade we are back in operation. So we look forward from hearing all of the witnesses on the subject of the reliability of the grid and its performance. Last year, secretary perry and the staff viewed the liability of the fuel mix and i was relieved when i saw the staff report in august which i thought was balanced. It carefully distinguished between reliability and resilience and introducing Renewable Resources rgs synthetic i inertia and frequency response and resilience metrics needed to be developed. Unfortunately, secretary perifiled the report as a
Secretary of the treasurys oversight. Mr. Secretary this is your first appearance before the house after the tax cut and jobs act has been signed into law. On behalf of the majority we are grateful to you and the president for your leadership and to help make this act signed into law that is historic. After eight years of failed policy that led to the slowest and weakest recovery the economy is starting to take off and wages are growing. Consumer optimism abounds. Its ironic but predictable that equity markets would swoon over the prospects of highest Interest Rates and inflation associated with Economic Growth. Low Interest Rates may have benefited some on wall street but not helpful to main street. We knew the fed would face challenges when the economy took off. If youre listening, good luck chairman, you volunteer for the job. Today the economy is getting stronger due to policies of the Trump Administration. Averaging 3 growth unemployment is a 17 year low. Wages grew at the fastest
Here shortly, and obvious knows that 7. 9 magnitude earthquake hit off of the coast of alaska and the Pacific Northwest with tsunami warnings for activities that were expect and warnings for the tsunami waves were recalled but i am sure that the sen or the is dealing with items related to and that other h issues. I want to thank the chairman mr. Mcintyre and mr. Walker for being here, and many of the staffs that are going to be hearing that we are back in operation. So we look forward to hearing about the sun jek the subjec reliability. And last year we looked at the reliability of the electric grid in light of the mixing fuel change. We have carefully distinguished on the issues of new items to have renewable renewals and also frequent response and also to adopt resilient metrics that needed to be developed. Fortunately when the secretary perry filed the report as a proposal to furk, i was more alarmed. It was the conclusion of the departments own staff, and it was a transparent attem
Committed against people around the world today based on their faith. We are in these days witnesses to some of the most glaring and brutal attacks on this universal right of religious freedom in all of our history. Islamic state, the cancer spreading throughout the middle east and north africa is targeting christians and other religious minorities and communities for extincton. The world has watched this terror unfold day by day for over a year. More than 407 days have have past since the city of most you will fell into the hands mosul fell into the hands of the islamic state. They drove them out of the land of their spiritual heritage which dates back for nearly 2,000 years. Nearly one year has past since the attack on a community where thousands were slaughtered. 5,000 young women and young girls were taken captive. 1,000 boys were captured and forced into isis training camps. Mr. Speaker, there is no room for the selfproclaimed caliphate. Innocent men, women and children are forced