[inaudible] okay, thank you. The Senate Committee on Health Education labor and pensions will come to order. This afternoon, we are going to hear from two panels. We are going to hear from, on our first panel, the assistant secretary for preparedness and response, rochelle walensky, and robert califf. Second panel, we are going to hear from doctor Reshma Ramachandran and dr. Martin makary and dr. Marshall. Let me begin by thanking all of the folks on the panels. All of us know that the last three years have been unprecedented in our lifetimes martin makary, we dealt with the worst Public Health crisis in 100 years, i want to thank all of you under those difficult circumstances. Today, what our job is, is to take a hard look at where we are today, in terms of preparing for another pandemic. And the need to reauthorize the pandemic and all hazards preparedness app act. And i want to take this opportunity to acknowledge the previous leadership, senator murray, who was chair of the committ
Bringing housing and affairs will come to order. Thank you from our eight witnesses today. Senator, thank you for your work on this. The eight bank ceos appearing before us today lead the biggest global systemically important banks of the United States of america, your banks hold nearly 15 trillion in assets, manage trillions of dollars of investments and retirement accounts, fund the Biggest Companies in our country. You hold nearly half the nations deposits, more than 80 trillion in client assets, your banks touch almost every aspect of our Financial System and working americans money, even if they are not your customers. All of that makes you eight of the most powerful people in the country, the banks iran are so large, so complex, so interconnected, that their distress or failure could pose a threat to the entire global Financial System. You may be private companies, but the risks you take and the mistakes you make dont just affect you, they dont even just affect your customers, no
Bringing housing and affairs will come to order. Thank you from our eight witnesses today. Senator, thank you for your work on this. The eight bank ceos appearing before us today lead the biggest global systemically important banks of the United States of america, your banks hold nearly 15 trillion in assets, manage trillions of dollars of investments and retirement accounts, fund the Biggest Companies in our country. You hold nearly half the nations deposits, more than 80 trillion in client assets, your banks touch almost every aspect of our Financial System and working americans money, even if they are not your customers. All of that makes you eight of the most powerful people in the country, the banks iran are so large, so complex, so interconnected, that their distress or failure could pose a threat to the entire global Financial System. You may be private companies, but the risks you take and the mistakes you make dont just affect you, they dont even just affect your customers, no
Oversight of wall street. Topics included International Competitiveness of us banks, proposed regulations that increased Capital Requirements aexrand access to capital for Small Business owners,veterans and underserved communities. Piggy â– hauser affairs will come to order. Senator scott, thankyou for your work on this. Ceos appearing before us daithe biggest global systemically important bankswi in the United States of america. Thanks old nearly 15 trillion in assets, manage trillions in investments and retirement accounts from the Biggest Companies in our country. Youll old nearly half the nations deposits, 80 trillion in client assets. Your banks touch ever of our Financial System even if they are not your customers. All that makes you eight onof the most powerful people in the country complex, so interconnected that their distress or failure pose a threat to the Financial System. You may be private companies but the risks you take mistakes you make dont just affect you, they dont
Panel, don oconnell, the assistant secretary for preparedness and response. Rochelle walensky the director of the center for Disease Control and dr. Robert califf the commissioner of the food and drug administration. On our second panel we will hear from a doctor and Robert Wiseman and martin mccarrick. We have two very important panels. Let me begin by thanking all of the folks that run the first panel. All of us know that the last three years have been unprecedented in our lifetimes. We dealt with the worst Public Health crisis in 100 years. I want to think all of you under those difficult circumstances for the work you did for the American People. Today, our job is to take a look at at where we are today in terms of where we are preparing, god forbid, for another pandemic. And, the need to reauthorize the pandemic preparedness act later this year. I want to take the opportunity to acknowledge the previous leadership on the bill from senator murray, chair of the committee, and senato