Law, and Consumer Protection which covers a wide swathe of territory but includes everything from gardenvariety scams to [inaudible] both of those areas are squarely in the middle a lot of really interesting changes that our society is going through and technologies which all of us are dealing and not many of us are using. Host technology and telecommunications had become a bigger part of your portfolio over the last couple of years, havent they . Guest to some extent yes your essay to some extent because telecommunications are much more purview of the Commerce Department in the fcc. But, for example, with respect to privacy, we do work there with respect to advertising claims. We do work there and certain technology is a a big part of t we do. Host and antitrust when it comes to technology, correct . Guest yes, very much so. Host it was a recent article in the wall street journal talking about a potential lawsuit against facebook. Can you tell us about that . Guest all i can tell you
Required by the regulation accompanying House Resolution 965 which establish the framework over the proceedings. First, i would ask all members on the webex platform to keep them so the muted when they [inaudible] this will minimize disturbances while members asking questions of our witnesses. Members on webex platform are responsible for muting and unmuting themselves. I suppose you just heard that. The staff is been instructed not to meet members except when a member is not being recognized and there is inadvertent background noise. Members on webex platform are reminded that they may only attend one remote viewing at a time. So if youre participating today, please remain with us during the hearing. Members should try to avoid coming in at out of the meeting particularly during the question treatment. If members wish to recognize the chair recommends members identify themselves. I would also ask members to be patient as the chair proceeds given the nature of the Online Platform of th
Unmuting themselves muting themselves. Consistent with the regulations accompanying House Resolution 965, staff will only use members to witnesses as appropriate avoid inadvertent background noise. Members are reminded all house rules relating to order and decorum apply to this remote hearing. This hearing is entitled Holding Financial regulators accountable for diversity and inclusion perspectives on the offices of minority and women inclusion. I now recognize myself for four minutes to give an opening statement. Today, Holding Financial regulators accountable for diversity and inclusion, perspectives from the offices of minority and women inclusion. Our country is facing three pandemics, covid19 and the economic pandemic, and the fight for social justice pandemic. These challenges have reshaped our work and our personal relationships in unprecedented ways. Todays hearing is totally virtual and i appreciate all of our witnesses and members for participating. I am hopeful we will be ab
Lets get straight to steve liesman. Jay powell testimony before the House Services committee will note improvement in the economy saying Household Spending has recovered three quarters of the decline and say this is in part response to federal spending and higher Unemployment Benefits which is running down he said housing has rebounded and Business Investment showing signs of improvement but overall employment and Business Activity with well below the prepandemic levels an the out light is uncertain. He makes special mention of the feds main Street Lending program, a 600 billion program with a backstop from the troo z treasury hell be speaking tomorrow before the house financial Services Committee with treasury secretary Steve Mnuchin and this is required testimony about the cares act where they have to quarterly appear before congress and discuss progress with the lending programs. The terminology, highly uncertain, is that different from what the clair has used in the past. This is t
The speaker pro tempore for what purpose does the gentleman from california seek recognition . Mr. Speaker, i move that the house suspend the rules and pass the bill, h. R. 5322, the ensuring diversity in Community Banking act, as amended. The speaker pro tempore the clerk will report the title of the bill. The clerk h. R. 5322, a bill to establish or modify requirements relating to Minority Depository Institutions, Community Development Financial Institutions, and impact banks and for other purposes. The speaker pro tempore pursuant to the rule, the gentleman from california, mr. Sherman, and the gentleman from sk, mr. Timmons, each will control 20 minutes. The chair recognizes the gentleman from california, mr. Sherman. Mr. Sherman mr. Speaker, i ask unanimous consent that all members may have five legislative days within which to revise and extend their remarks on this legislation, and to insert extraneous material thereon. The speaker pro tempore without objection. Mr. Sherman i yi