C the committee will come to order. Without objection, the chairs authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations deregulatory approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 00 p. M. Per the request of the secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchen. Today we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As i have said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following the deregulatory blueprint that the Treasury Department, under secretary mnuchens leadership, has mapped out point by point and rolling back many of the Critical Reforms democrats
This is nothing this is something we should work on, and the work on this predated me coming to treasury and this has been a long time, and as i mentioned earlier, we may come back to congress and suggest that you pass legislation. I would ask you, this is not on your 2021 calendar. This should be on your december calendar. I agree. I look forward to working with you. I need to know whether you need legislation. I need to know what you need and we need to make sure that are 2 billion of outstanding debt where people kbts determine what interest is supposed to be paid, and i want to move on because i do chair the asia subcommittee for another week, and we focused on china. China could end up with 1. 5 billion of world bank loans. This is under discussion now. Chinas income has exceeded the level where they should be eligible for these loans and the Chinese Government has enough money to put a million uighurs behind bars and to build a military complex that destabilizes the world so it s
Challenges hes faced there and plans for the future. Its the second Largest Government Department with more than 250,000 employees. The Heritage Foundation hosted the 50minute event. Welcome. I serve as president of the i want to welcome everyone today. My name is brian rogers. I serve as president of the Jesse Helms Center foundation. Were located in North Carolina just outside of charlotte. The purpose of the helms center, a Nonprofit Organization that houses the senators archives. We focus on youth programming for on Free Enterprise as well as hosting lectures with our partner here at the Heritage Foundation and other lectures we do throughout the state and our country. So why the helm center lecture . Jesse helms served in the United States senate for 30 years. In 1994, he became chair of the Senate Foreign Relations Committee becoming the second north carolinian to do so besides nathanial macon. He was a leader, top leader, in a modern conservative movement. He along with Margaret
Hosting lectures with the Heritage Foundation and others throughout the state and the country. So why the helms center lecture quick. He was in the senate and in 1984 he was head of the Senate Foreign Relations Committee the second to do so. He was a top leader in the modern conservative movement and he along with Margaret Thatcher and Ronald Reagan were instrumental to win the cold war and defeating communism. A matter of fact Margaret Thatcher wrote jesse helms record is unmatched. Also it was well known as a bipartisan senator and him and joe biden were very Close Friends and to this day the Vice President will talk fondly of his relationship with helms and in the archives we refer to those love letters that biden and helms shared that are open and they are on the website that they are unique. In 2001 when he announced his retirement, mead wrote in the wall street journal opinion section as senator helms prepares to step down, i cannot see how it feels we are looking for something t
[inaudible conversations] welcome. I serve as president of the Jesse Helms Center. Located in North Carolina just outside of charlotte, we are a 501 c 3 nonprofit that houses youth programming as well as hosting lectures with the Heritage Foundation and others throughout the state and the country. So why the homes centered like . Sure jesse helms and served in the senate for 30 years. In 1994, he became chair of the Senate Finance committee, becoming the second North Carolina to do so. He was a leader, a top leader of the movement and he, along with Margaret Thatcher and Ronald Reagan were instrumental in winning the cold war and defeating communism. Matteroffact, Margaret Thatcher wrote, jesse helms record as a Freedom Fighter is unmatched. He was also wellknown as a bipartisan center. He and joe biden were Close Friends and to this day, Vice President biden still talks fondly of his relationship with helms. And we refer to in the archives as love letters that joe biden and helms shar