Consumer financial Protection Bureau. This portion is about an hour and 15 minutes. Okay. Well call the hearing back to order. Well be respectful of the directors time here. We do have a number of members that have returned. So again, we appreciate the indulgence of the director as well as other members here. At this point we are going to recognize the gentleman from washington, mr. Heck, for five minutes. Thank you, mr. Chairman, very much. Mr. Cordray, thanks so much for being here. The testimony earlier in the day reminded me of a conclusion i had come to quite sometime ago about what the best thing that could conceively happen to congress would be. And it would be this. Fewer adjectives, more announcements. Fewer decibels, more listening. So im going to endeavor to listen. I want to first provide you an opportunity maybe to follow up on mr. Lynchs line of questioning. Members of this committee represent in the aggregate an incredible number of Service Members. The following bases,
Their coverage entirely. To help sort this out were joined by dr. Sreedhar potarazu. Dr. P, welcome to the show. Thank you. Gerri what are the big problems . The big problems are people not being able to sign up and adequately verify their income or falsely reporting what their income is. As you know, part of it has to be selfreported right now which wasnt the original intent. But is the way that it works right now. There is a lot of room for errors. When you have to verify income and as well as eligible requirements this is where the two Million People and probably more are falling through the cracks. What will happen is, is that if in fact the government find out that people didnt report their income accurately, they may go after them on their tax returns. Gerri lets break this down because you covered a whole lot of ground there. First of all, how did the government even know im reporting the wrong number for income . So theyre going to eventually go back and look at your tax return
Thankful for new mercies. Were invigorated by your love, patience and grace. We praise you even for the trials that draw us closer to you. Help our lawmakers to remember that without you they will labor in vain. As they seek to serve you today, give them your peace. O god, receive honor, glory, praise, and thanksgiving from our mortal lips, for you are worthy. And, lord, comfort the families of the five american soldiers killed in afghanistan. We pray in your merciful name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to the flag. 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. Mr. Reid mr. President . The president pro tempore the majority leader. Mr. Reid i move to proceed to calendar number 409, s. 2432, which is the warren affordability act. The presiding officer the clerk will report. The clerk motion to proceed to the
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