Good afternoon, everyone. My name is wayne abernathy, executive Vice President for Financial Institutions policy at the american bankers association. Here in the Federalist Society, i am the chairman of the Financial Services Practice Group, who is sponsoring this session today, Financial Regulation of the Administration Administrative state. That is a longterm or a very topic. We very much appreciate you being here to listen from our very experienced, distinguished, and insightful panel. If you happen to be interested in the work of a Financial Services Practice Group at the Federalist Society please contact me or one of the officers and weekend at you involved, we love to have people involved. Now my important duty besides that is to introduce the moderator for today, judge carlos baya. He serves as a judge on the ninth circuit. He received his bachelors from stanford and his jd from stanford law. He was born in spain. He immigrated to cuba in 1939. In 1952, you might not notice unle
Night on q a on cspan. Marr,ning us now is chuck the director of federal tax policy. He is here to talk about how the federal government spends the taxes that citizens pay. Thank you for joining us. Whoad a caller last week really wanted us to look more about how tax revenue is spent. Thats why we have you here today. How easy is it to follow the money of taxpayer funds . Easy, there are major categories of spending. Budget, theout the first is the defense budget, which is roughly about a fifth of expenditures go towards the military to pay for the defense of the country. And then roughly another fifth would go to Social Security. A very Successful Program that manages peoples retirement, retirement programs, Disability Program spread than you get another chunk, which iS Health Care. Medicare,ose one is and medicaid which we have seen in the news very much this year S Health Care for lower income people and also helps nursing home care for older people. Now we see it as part of the hea
The senate, Small Business and entrepreneurship, three women testified about their experiences running companies. And working to promote and increase ownership and investment rolls for women in American Business and industry. This is about an hour. I know everybodys having a good time and networking, and moving the enterprise forward. We really should get started. We have two votes starting at noon, were going to be on a bit of a short string here. That shouldnt in anyway denny great the importance of this hearing of the Small Business committee. What were going to do is explore ways to help Women Owned Businesses reach their full potential and grow the american economy. I want to thank my colleague for working together on this. This is of great importance to all of us and all america. As you know, october is National Womens Small Business month. Fee malentrepreneurs employ more than 9 million workers, they contribute 1. 6 trillion in sales to our national economy. And are capable of e
Charge power lunch starts right now well, it might be a new week but its the same old good news story for your stocks. Modest gains and enough earlier for all three major averages to make more new highs. The nasdaq, if it finishes up, will be up for a fifth straight session. Crude oil down 2 . Wow, bitcoin, it continues its record run its above 9500. Its inching closer to 10,000. Check this out it took just seven days for bitcoin to go from 8,000 to 9,000. Its up 900 this year were going to drill down more later in the show. Thank you very much welcome, everybody im Tyler Mathisen we begin with washingtons big week now its the senates turn senator rand paul today says he will vote for it five influential republican senators meet with the president right now. Eamon javers is outside of the white house. Reporter tyler, we believe that meeting is a lunch and we believe the lunch is going on right now at the white house take a look at the senators scheduled to be here for the lunch. Some k
Live coverage here as long as it lasts on cspan3. [ banging gavel ] rules committee will come to order. And good afternoon. And welcome to another fun day at the rules committee. Today we have an exciting panel with two very experienced members who take time to visit the rules committee often. We welcome the young chairman of the Financial Services committee, the gentleman from dallas, texas, mr. Hensarling, as well as the gentlewoman, my dear friend, ms. Waters, from los angeles. And were delighted that youre here. The rules committee today will be considering hr3971. The Community Institution mortgage relief act of 2017. And hr477, the Small Business mergers acquisition sales and brokerage simplification act. Of 2017. And house joint resolution 123, which will be the second part of the hearing today, the continued appropriations act of 2018. M a brokers provide Necessary Services for small, private companies that are looking to merge. And or to be acquired. But m a brokers can face s