Today we will receive testimony from securities and Exchange Commission chairman jay clayton regarding the work and the agenda of the sec. Thank you, mr. Chairman, for attending here today. Oversight of the sec is a critical function of this committee and it has an important threepart mission, to protect investors, maintain fair, orderly and efficient markets and facilitate capital formation. No one part of this mission is anymore important than the other. They increase transparency and trust in the u. S. Stock market, providing investors with what they need to make informed Investment Decisions. It also helps investors participate on a fair footing so that they can prepare for important milestones in their lives such as retirement, college or other life changing evep events. Its critical that the sec continue with this mission. At the same time it must be cognizant it could carry risks to the very investors it seeks to help. The commission collects and store as huge amount of public a
Fair, orderly and efficient markets and facilitate capital formation. No one part of this mission is anymore important than the other. They increase transparency and trust in the u. S. Stock market, providing investors with what they need to make informed Investment Decisions. It also helps investors participate on a fair footing so that they can prepare for important milestones in their lives such as retirement, college or other life changing evep events. Its critical that the sec continue with this mission. At the same time it must be cognizant it could carry risks to the very investors it seeks to help. The commission collects and store as huge amount of public and nonpublic data. If this data were subject to a cyber breach, it could have severe consequences to the markets, market partis pants and to the American Public. I was disturbed to learn that the sec suffered a cyber breach of its edger system in 2016 but did not notify the public or even all of its commissioners until it wa
Cspan 50 capitals tour with louisiana secretary of state and Louisiana Attorney general talking about good morning. It is tuesday, november 7. Flags over the u. S. Capitol remain at halfstaff following the Church Shooting in texas that claimed more than two dozen lives. The house and senate are back at 10 00 a. M. This morning and the house ways and Means Committee returns at 10 00 today to do some work on the republican tax reform plan. It is election day in several states. A gubernatorial contest in virginia. As Many Americans had to the polls, we begin by asking our viewers to look ahead one year from now to election day 2018 and tell us what you think republicans should retain control of congress. Let us know your reasons why. If you are undecided, what will he be looking for to make up your minds . Phone lines are open. You can catch up with us on social media. A very good Tuesday Morning to you. You can start calling in right now on this question. Should republicans retain contro
Options are up for grabs. There is a sense of chaos continuing. Talking about the Summer Holidays and going away for a little while, but of course it isnt, and briefing is continuing. I will be cynical and suggest he may have made a comment like that because now we all know his name and we know he is the Prime Minister of multi which we may not have known before now. Lets look at the financial times, what is going on in the white house. Donald trump lashes out. The attempt to try to repeal obamacare. The lashes out. The attempt to try to repeal obamaca re. The republicans have been trying for seven years and have been trying for seven years and have failed again. They have got other things to be getting on with. This has been a week of chaos in the white house and that is saying something but we have had multiple votes on the Health Care Bill and on tuesdayit votes on the Health Care Bill and on tuesday it looked like it was going for rod in the early hours of this morning, john mccain
I call to order this hearing of the Senate Subcommittee on consumer protection, product safety, insurance and data security. As the title suggests, this subcommittee exercises wide jurisdiction over a diverse range of topics. This will be our first hearing this congress to examine matters pertaining to insurance, specifically, that of Insurance Fraud. Thank you to our expert witnesses who came here to join us today. Insurance fraud is a major concern not only for insurers,we who bear the costs of fraudulent claim payouts, but also consumers, who see these costs passed on to them in the form of higher premiums. This hearing will examine the scope of Insurance Fraudst atlarge in the United States and address nationwide fraud trends across a variety of Insurance Markets, including property and casualty, and Life Insurance. In addition, well discuss the tools available to states,s insurers, and consumers to protect themselves against these crimes. The Insurance Industry has an enormous pre