Im certain i would not have done whatever good i did do, i would have done less well if i hadnt been here. Thank you. This is from dorea, a sophomore in the college. Sort of two pronged. Where do you see this generation of young adults going in in what way is our path going to be dirnt than before . What has happened in technology to this day, it will look like childs play. Over the next 20 to 30 years. I think most of you will live to be 90 years old or more, unless some accident where you have an environmentally caused cancer we dont know how to treat yet. I think that you will live in a time where the technological revolution will extend into Artificial Intelligence and well be able to do things weve never been able to do before. I think the combination of Nano Technology and improvements and the continuing of the genome will lead us to have affordable four times a year health exam that will basically involve going into a canister and being scanned and i think one of the biggest deb
Screeria nigeria. Ld and senator joan manchin and ways to discuss youth violence. The Consumer Product Safety Commission is an independent federal agency that regulates the sale and manufacture of thousands of consumerrelated products. The chairs and commissioners were at a house hearing today to discuss the agencys regulatory activities. Congressman Michael Burgess chairs the subcommittee on commerce manufacturing and trade. Chairman will turn on his microphone while the guests take their seats. We will now come to order. The chair will recognize himself five minutes for the purpose of an Opening Statement. The Consumer Product Safety Commission was established in 1972 by congress to protect consumers against unreasonable risks of injuries associated with Consumer Products. The Statutory Mission is a serious responsibility for the commission and is critically important that congress conduct oversight to ensure that Public Confidence in the commissions adherence to its responsibilities
Priority of the agency now. I have one more question. You recently stated that the sole basis for recommendation to the ban of most widely used chemicals was cumulative Risk Assessment which found the majority of Citizens Advisory Panel recommendation which found the majority of risk associated with chemicals was from another chemical, dehp. Can you explain concerns for using cumulative Risk Assessment as a basis for such regulatory determination . Thank you. The chap and the proposed rule is of great concern to me has been of concern to me since the chap issued its report because i believe the chap report should have been a public should have been subject to public peer review at that point. From that point onto me the system and whole process has been flawed. The cumulative Risk Assessment youre talking about is one of my concerns in that the process thats used, thats not well accepted in the Scientific Community, cumulative Risk Assessment, so i think that goes to the process and va
Rule. All the Public Comment except one was against that. But i think what im hearing is you move forward with a little bit more of a heavy hand than what you would represent to us. And you say you want to be engaging the industry and you want to be collaborative, but what i the feedback im getting, those are your words but your actions are much more heavyhanded. That youve determined what you want as the outcome. Thereby, youre going to let people think theyre participating, but in the end youre the rule maker and youre going to get your way. So do you feel like that is a collaborative atmosphere in trying to work with the industry and how would you respond to those type of comments made about the way you all are approaching rule making . Is that for me . Yes, sir. Youre the chairman. And is that question specific to the 1110 rule or more general . It is specifically to 1110, but in general when it comes to dealing with industry. Sure. So ill address both. The 1110 rule is in indefini
Service, im sorry, fidelity, but 50,000 which is i believe relatively small balance all in concert twice and product under 50 basis points. Can i jump in wax i think the best interest contract is simple. Its just a thing make promise to clients youre putting their best interest first, develop policies to make sure your monitor your employees and be accountable if you did not do that. This 400 pages of proposed regulation are proposed regulation. The department did not comport think this is the point and this is what we are doing. They invited extensive on every piece of the regulation and the exemption in the best interest contract. It was remarkable to me when working on this to see a much they dont have in common. Everyone is trying to get people to save more for retirement. The decisions are complicated. Its on us to manage our Retirement Savings. The goal here is for people to come forward from all sides all perspectives until the department how do you make this more workable . How