Part of the his is Financial Services industry. The chair will now recognize an elf for five minutes for opening statement. First off, thank you for joining us today for what should be a thisinteresting hearing of task force. Today were looking at exploring how a. I. Is being deployed in Capital Markets from automated Portfolio Allocation to Investment Management decisions. Were also going to consider how the use of this technology is changing the nature of work in rendering ervices, some jobs obsolete and changing the skill sets needed to excel in others. It would not be much of an exaggeration today to say that quite literally is run by computers. Of those are the days screaming on the new york stock pour ge and they would over the ticker statement and Financial Statements to gleam value. Into a companys i actually hear about those days from the limo driver who takes e back who used to be a floor trader on the merc. Today, floor trades are orders are d executed in microseconds. E. T.
S an hour and a half. The task force will now come to order. Without objection, the chairs authorized to declare a recess at any time without objection members of the full committee are authorized to participate in todays hearing consistent with the committees practice. This hearing is entitled robots on wall street, the impact of ai on jobs in the Financial Services industry. The chair will recognize himself for five minutes for an opening statement. Thank you all for joining us today for what should be a having interesting hearing of this task force. Were looking at exploring how ai is being deployed in Capital Markets from automated trading to Investment Management decisions. An e minutes for opening statement. First off, thank you for joining us today for what should be a thisinteresting hearing of task force. Today were looking at exploring how a. I. Is being deployed in Capital Markets from automated Portfolio Allocation to Investment Management decisions. Were also going to cons
Fight Money Laundering. Another concerning the display of the p. O. W. M. I. A. Flag. You are watching live coverage from the floor of the house here on cspan. The speaker pro tempore the house will be in order. The prayer will be offered by guest chaplain reverend dr. Marilyn monroe harris, First Baptist church of teaneck, teaneck, new jersey. The chaplain let us pray. O lord, our gordon, how excellent our god, how excellent is your name on all the earth. We thank you for this day and we pray for those who gather in these hallowed halls and serve the United States of america. We pray that you sustain their physical bodies and wrap your arms around their loved ones. On this day, we ask that your holy presence become manifest, guide all with wisdom and discernment to implement just and sound policy. Engulf all with compassion for humanity and creation, infuse our hearts with your love. For it is your love, o lord, that is transformational. It is your love that seeks the greater good. It
Commanded to lead volunteer forces a new crime, the beginning pockets done with 2 explosions. During really just gathering some killed dozens of people and injured many office. At least 47 people died in a blast, and mustang and south west and province of pollutes just on the suicide attack. Took place during a precision to celebrate l. Mullets, nobody thats observed as the best i of the prophet muhammad. In a separate blast, at least 5 people had been killed in an explosion at the most can the city of hunger. They have to show that took place during friday. Pray is several people are trapped under the rumble. Come off. Honda has moved from is lum about a store, dies, the garage focused on the deadly is taking place in the south west end, but not just on robin. And the dont know much soon about 50 kilometers from the preventive capital, quite the suicide bomber that said to have approached our riley with hundreds of people present the targeting and Senior Police official, the grant hik
Humming humbling ourselves and seeking your help. I want to thank you, first of all, for who you are, thank you for your goodness, your mercy, and grace in each of our lives and thank you for the blessings that you give to us every day. What i want to thank you for each and every representative and all they do to direct our great country. I pray today that would you have your hand of grace and guidance upon them. I pray god, that would you give them had the wisdom they need on a daily basis to fulfill the office that youve appointed them to. I also ask that you would guide and courage and protect them in their personal lives, as well as their families and loved ones. I love you, lord. Thats in the name of jesus christ, i play. Amen. The speaker the chair has examined the journal of the last days proceedings and announces to the house his approval thereof. Pursuant to clause 1 of rule 1 the journal stands approved. For what purpose does the gentleman from michigan rise . Mr. Speaker, pu