The here link is nearly three hours. [background noises] [background noises] the hearing of the Senate Appropriations committee will please come to order. We are here today to discuss the u. S. china relationship the investments we need to keep our nation secure, competitive and maintain our leadership on the stage. Let me make clear from the outset we talked about competing against china encountering chinese influence we are talking about competing against its governments. Not the Chinese People are the millions of Chinese Americans to help make our country great. Im glad to have a secretary austin, blinken and were mondo here to discuss the all of government approach we need to meet this challenge. And this is our First Full Committee Hearing i do want to thank vice chair collins as well as her chairs and Ranking Member chester, kuhn and moran for working with us on this topic that i know every one of our members cares about. Like to thank all of my colleagues for their work in the r
I spent. [background noises] the committee will come to order. Without objection the chair is authorized to declare a racist of the committee at any time by this hearing is entitled semi annual report of the bureau of financial protection. Without objection all members will have five legislative days within which to submit extraneous materials to the chair or inclusion in the record. I now recognize myself for four minutes to give an Opening Statement. Thank you director for being here today. As the director you wear a lot of hats. You are a member of the federal Deposit Insurance Corporation and the Financial Stability oversight consult. This committee spent a lot of time understanding how regulators reacted to the failures of Silicon Valley macon signature bank. Given both the fcic have equal rolls in the failures i am looking forward to hear about your involvement in the decisionmaking process. As we said the fdics chair grunberg and pfister bar testified before this committee there
My heart is full of gratitude. That is the thought right now. To all of you, to my colleagues, to the staff, being the chairman of the house and conference committee, is the ultimate thing in congress. This is been the best. We have a whole other year ahead of us. Thank you for your service. [ applause ]. We have a lot of work to do. Go ahead and get started. State utility regulators have challenges. They have affordable electricity. They have this during this congress. They understand what drives the growing reliability crisis. This is from the entire electricity portfolio over an extended period of time. They have different retail choices. We are relying more on transitional organizations. This is due to environmental growing regulations and agencies. Fans will be on foster fuel generation, and market distortions. These factors are contributing to premature retirement for most of our reliable and most dispatched resources. As of the increased connected grid, they have a much wider im
The here link is nearly three hours. [background noises] [background noises] the hearing of the Senate Appropriations committee will please come to order. We are here today to discuss the u. S. china relationship the investments we need to keep our nation secure, competitive and maintain our leadership on the stage. Let me make clear from the outset we talked about competing against china encountering chinese influence we are talking about competing against its governments. Not the Chinese People are the millions of Chinese Americans to help make our country great. Im glad to have a secretary austin, blinken and were mondo here to discuss the all of government approach we need to meet this challenge. And this is our First Full Committee Hearing i do want to thank vice chair collins as well as her chairs and Ranking Member chester, kuhn and moran for working with us on this topic that i know every one of our members cares about. Like to thank all of my colleagues for their work in the r
This hearing is just under four hours. I spent. [background noises] the committee will come to order. Without objection the chair is authorized to declare a racist of the committee at any time by this hearing is entitled semi annual report of the bureau of financial protection. Without objection all members will have five legislative days within which to submit extraneous materials to the chair or inclusion in the record. I now recognize myself for four minutes to give an Opening Statement. Thank you director for being here today. As the director you wear a lot of hats. You are a member of the federal Deposit Insurance Corporation and the Financial Stability oversight consult. This committee spent a lot of time understanding how regulators reacted to the failures of Silicon Valley macon signature bank. Given both the fcic have equal rolls in the failures i am looking forward to hear about your involvement in the decisionmaking process. As we said the fdics chair grunberg and pfister ba