Financial Services Subcommittee hearing on creating a federal pandemic Risk Insurance program. Even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves, and to admit themselves after they are finished speaking. Consistent with the regulation accompanying house rest 965, staff will only mute members and witnesses as appropriate. When not recognized to avoid any background noise. Members are reminded that all house rules relating to order and the corn to this remote hearing. History is entitled insuring against a pandemic, challenges and solutions for policyholders and insurers. And i now recognize myself for three minutes to give an opening statement. According to the Congressional Research service, 110 Million People worldwide could enter a state of extreme poverty due to the Global Economic contraction, and here in the United States 657 Million People have filed for Unemployment Insurance since march of this
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
Themselves after they are finished speaking. Consistent with the regulations house resinac 965, staff will mt members and witnesses after the process. Tewe are not recognizing background noises. Orr and decorum apply to this remote hearing. His hearing is entitled ensurin against a pandemic colin challenges a solutions for policyholdersle and insures. I w recognizeyself for three minutes to give an opening statement. According to theongressional Retail Service 1 million peop could enter a sta of extreme poverty due to the Global Economic contraction a here in the United States 67 mlion people have filed for unemployment insance since march of this year or the harmful eects of ts pandemic on the stability of sml sinesses like restaurants nnot be overstated. They have been obliterated. Dozens of restaurants in my home strict and ms. And st. Louis have closed in wh them the vendors who sell the farmers are owing the food truck driver Storage Facility facilities and entire suppl chains are
A 2nd theres also another amp to homes as of 2018 there are nearly 1500000 vacant homes in the u. S. Yet there are an estimated 553740 2 people experiencing homelessness on any given night so that means even before the pandemic there were 3 empty houses for every homeless person we could give every homeless person 3 m. T. V. How does this not even accounting for empty apartments yog sheds extra bedrooms garages condos cubbyholes attic spaces basements pull out and walk in refrigerators and you wouldnt notice any difference except that homelessness would be over. The only difference is hugo whatever that guy usually sleeps over in the tomato patch over there oh hes not only in the richest country in the world anymore oh how odd that would be the difference no more people on the street no more fear that a little bad luck in your life and you your family could could end up under a bridge given a guy your underwear in exchange for a sandwich and all that madness would be to her and the imp
As tracy smith will report in our cover story. Reporter therria vows say te and to hold. But they never said anything about doing it 24 7. I think the biggest thing i realize is she choose too loudly. [laughter] thats true. And jason sleeps too loudly. I think i probably get a lit perturbed quicker than he does. Reporter the highs and lows of lockdown ahead on sunday morning. Pauley our sunday morning cover story, Reese Witherspoon. Shell be talking with our rita braver. We got married in a Fever Reporter she is not only a huge story did you think you were just going to waltz into my house . Reporter but also a respected producer and devoted mother of three. Those dikeest s,cant one m oh,y gosh, i lay on the floor and cry. Reporter later on sunday morning, what keeps Reese Witherspoon going. Pauley he led the nation through another time of crisis, years of war and economic turmoil. Franklin d. Roosevelt was a leader who inspired with both words and deeds. As well hear in a special look