To declarer can rise a recess of the subcommittee at any time. Without objection members of the full committee not on the subcommittee are authorized participate in todays hearing. Members are reminded to keep their video function on at all times, even when they are not recognized by the chair. Thatrs are also reminded they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying House Resolution 965, we will only mute members and witnesses as appropriate. When not recognized for to avoid inadvertent background noise. Members are reminded that our house rules relating to the order and the decorum of the desk decorum applied to this remote hearing. This hearing is entitled insuring against a pandemic challenges and solutions for , policyholders and insurers. I now recognize myself for three minutes to begin with an opening statement. According to the Congressional Research service, 110 Millio
Plan to shake up the fed before he leaves office. Theres a lot going on in the markets. Of course we have to focus on u. S. Politics, Central Banks here. We seem to be inching closer to a deal with u. K. And the eu. That is filtering through an optimism in terms of pound, and the other thing i am watching is bitcoin. Bitcoin is something i do not watch very often. It is something we need to watch out for. It has always been there, but a huge rise above 17,000, and a parabolic ascent, surging past 18,000 for the First Time Since december 2017. The mania and cryptocurrency everyone has said has reached a fever pitch, including fidelity investments. European stocks overall unchanged, slipping just moments ago again on these new virus cases as they continue to mount, and that is worrying investors across the world. To the bloomberg first word news in london with leighann gerrans. Ighann. Leighann with two senators and quarantine, the republicans fell short of the votes needed. Republicans
Commitment for live Senate Coverage starting in a moment howevewe will recd the presidt elect and have it later on the cspan networks. Live to the senate where they e planning to wk on a nomition for u. S. District court for the Southern District of mississippi. The president pro tempor the senate will come to order. Thchaplain, dr. Barry black, will open the senate with the chaplain let us pray. Eterl redeemer, provide our laakers with your grace, mercy, and peace by your grace, may they forget the challenges behind them. By your mercy, may they reach for the opportunities that beckon. By yr peace, may they possess anquanimity of temperament during lifes fluctuating intricacies. Lord, give them a passion for truth and a reluctance to major minors. Use their exemplary lives to inspire people to live wh faith, purse, and power. Remind us all that though we may planned, you deterne what will finally happen. Amenray in your great name. The president pro tempore please joi me in the pledge
Come from immigrant backgrounds like the chechen who deck decapitated the schoolteacher theres not a single example of islamic terrorism which does not come from one from immigration in one form or another. And you have responded. Agree with that but you have a lot of terrorism that are committed by friends people who have to change religion who have become muslim and those people are our friends friend or friend catalyst who have changed their religion and have become muslim and who have committed terrorism in france so that was i was saying the problem is not is not immigration and not in this part that are now but you have a lot the french people of france catholics who have become muslim and. Terrorism here in france are a brother thats thats the problem we have to find the issue how to treat these muslim people and how to educate them not to be radical islam and to do any no reason ag because this is probably everywhere in the world john last 30 seconds th on well thats just not t
Recognized by the chair. Members are also reminded that they are responsible for muting and on muting themselves and to commute to themselves after they finished speaking. Consistent with the regulations accompanying House Resolution 965 will only mute members and witnesses as appropriate. When not recognized for inadvertent background noise. Members are reminded that our house rules relating to the order and the decorum of the hearing. This hearing is entitled insuring against a pandemic challenges and solutions for policies and i now recognize myself for three minutes to begin with an opening statement. According to the Congressional Research service, 110 Million People could enter a state of extreme poverty do that to the Global Economic contraction and here in the united states, 67 Million People filed for Unemployment Insurance since march of this year. The harmful effects of this pandemic are the stability of Small Businesses like restaurants cannot be overstated. Thereve been li