At the table is james gelton, Senior Vice President for policy. An operation under the ee rrisa industry. Explain what the Erisa Industry Committee is all about . Eric for sure is an association that represents about 100 of the very largest businesses, each with at least 10,000 u. S. Employees. Those businesses offer comprehensive and Health Retirement benefits to their employees. We represent them on benefits issues. Lets get systems numbers. How Many Employers offer Health Insurance. There are 178 million americans who get Health Insurance through a job. And thats a significant number of folks. How much are their Companies Paying for the premium these days . Whats the average . Well, so, i think its important to note that on average the company pays about 80 of the cost of premium and as well as the Overall Health care costs. So the employees are paying usually 25 of the premiums. That monthly cost that an employee pays, thats only 1 4 of the cost. Take us to large employers and how
Appropriation hearing but i believe the president has sent us two good nominees. We waited a long time on the vice chairman, supervision for the fed. I hope the hearing goes well and we can expedite these nominees and get them in place, thank you. Thank you, senator shelby. The hearing will come to order. We will consider the nominations for the comptroller of currency, joseph otting and Randal Quarles to be a member of the board of governors of the Federal Reserve system and vice chairman for supervision of the board of governors of the Federal Reserve system. Welcome to both of you and congratulations on your nominations to these offices. You have friends and family sitting with you and welcome them here as well. These positions are critically important to assure a safe, sound, vibrant Financial System. We are fortunate have two qualified individuals to consider for these posts. Joseph otting bring particular understanding of the Banking System from a long career in national service.
Good morning. Id like to call the subcommittee on Digital Congress and Consumer Protection to order. The chair now recognizes himself for five minutes for an opening statement. Again, good morning and welcome to the first hearing of the 115th congress for the Digital Congress and Consumer Protection subcommittee. It is a pleasure to be with you today. Before we get started i want to changer name burgess and vicechairman for the work they did inon the subcommittee and recognize the new vice chair, the gentleman from mississippi, glad to have you on board and working forward to advancing an agenda that creates jobs and puts consumers first. I want to recognize the gentle lady from illinois, our Ranking Member, we will be working with her this congress and looking forward to work in a bipartisan fashion to grow the economy and protect consumers. As chairman, i look forward to working with all the members of the subcommittee to continue exploring areas in the Digital Academy creating new o
Good morning. Id like to call the subcommittee on Digital Congress and Consumer Protection to order. The chair now recognizes himself for five minutes for an opening statement. Again, good morning and welcome to the first hearing of the 115th congress for the Digital Congress and Consumer Protection subcommittee. It is a pleasure to be with you today. Before we get started i want to changer name burgess and vicechairman for the work they did inon the subcommittee and recognize the new vice chair, the gentleman from mississippi, glad to have you on board and working forward to advancing an agenda that creates jobs and puts consumers first. I want to recognize the gentle lady from illinois, our Ranking Member, we will be working with her this congress and looking forward to work in a bipartisan fashion to grow the economy and protect consumers. As chairman, i look forward to working with all the members of the subcommittee to continue exploring areas in the Digital Academy creating new o
Ongoing efforts in developing Autonomous Vehicles and answered questions on safety, Cyber Security and their hopes for updated rules and regulation from the national highway traffic administration. This is two hours. Good morning. Id like to call the subcommittee on Digital Commerce and Consumer Protection to order. The chair now recognizes himself for five minutes for an opening statement. Again, good morning and welcome to the first hearing of the 115th congress for the Digital Congress and Consumer Protection subcommittee. Its a pleasure to be here with you today. Before we get started, i want to thank the chairman for the work they did in the last congress here on the subcommittee. I want to recognize the new vice chairman from mississippi. Glad to have you on board. Also looking forward to working and advancing an agenda that creates jobs and puts consumers first and i want to recognize the lady in illinois, our Ranking Member. I appreciate well be working with her this congress.