Welcome chair yellen promoting Economic Growth this a top priority for the committee in congress we have been encouraged to see stakeholders carefully evaluate current laws and regulations since the last hearing in february there have been numerous developments to impact Economic Growth legislation with more than 100 submissions from the stakeholders are listed on the committees website if you are interested to put together legislation the committee has held numerous hearings and federal financial regulators issued the second report and the Treasury Department issued the first report on the Core Principles of Financial Regulation in addition members on both sides have expressed interest to help find and the economy to improve the Bipartisan Legislation continues to build them particular interest finding Bipartisan Solutions to change of threshold and stress test fix the volcker rule and simplified small bank capital rules these are just a few of the issues raised in recent months in wi
Welcome chair yellen promoting Economic Growth this a top priority for the committee in congress we have been encouraged to see stakeholders carefully evaluate current laws and regulations since the last hearing in february there have been numerous developments to impact Economic Growth legislation with more than 100 submissions from the stakeholders are listed on the committees website if you are interested to put together legislation the committee has held numerous hearings and federal financial regulators issued the second report and the Treasury Department issued the first report on the Core Principles of Financial Regulation in addition members on both sides have expressed interest to help find and the economy to improve the Bipartisan Legislation continues to build them particular interest finding Bipartisan Solutions to change of threshold and stress test fix the volcker rule and simplified small bank capital rules these are just a few of the issues raised in recent months in wi
Welcome. Promoting Economic Growth remains are top priority for this committee and this congress. It is carefully and thoroughly evalwaiting current laws and regulations. There have been numerous developments that will impact Economic Growth legislation. Senator brown and i have so police sa solicited and more than 100 submissions have come in. They are listed on the committees were site. They issued their second report. The Treasury Department issued the First Department in it is finding ways to help our economies improve. Support for Bipartisan Legislation continues to build. Particular interest has been focused on finding bai partisan, change the threshold, exempt certain terms from stress testing and simplify small bank capital rules. These are just a few of many issues raised to the committee in recent months. Imposing enhanced standards design for the most complex system on institutions that are not systemic has real world implications. I regularly hear from idaho men and women w
Governor powell gave he outlined a few principles for Housing Finance reform. As part of the discussion he explained it was important to do three things. To do whatever we can to make the possibility of future housing bailouts as remote as possible, to change the system to attract large amounts of private capital, and to identify and build upon areas of bipartisan agreement. Do you agree with these principles . Yes, i do, chair. I would support the principles that governor powell put forward and its something that i hope that congress will move to in the near future. I know the answer but like to have you say it do you agree with the urgency he expressed and many of us expressed about the need to act . Yes. I mean its been almost a decade since fannie and freddie were moved into receivership and the role of the government in the associated Systemic Risk remains important to move forward with reforms. There appears to be growing Consensus Congress should consider changing the 50 billion
Governor powell gave he outlined a few principles for Housing Finance reform. As part of the discussion he explained it was important to do three things. To do whatever we can to make the possibility of future housing bailouts as remote as possible, to change the system to attract large amounts of private capital, and to identify and build upon areas of bipartisan agreement. Do you agree with these principles . Yes, i do, chair. I would support the principles that governor powell put forward and its something that i hope that congress will move to in the near future. I know the answer but like to have you say it do you agree with the urgency he expressed and many of us expressed about the need to act . Yes. I mean its been almost a decade since fannie and freddie were moved into receivership and the role of the government in the associated Systemic Risk remains important to move forward with reforms. There appears to be growing Consensus Congress should consider changing the 50 billion