Ways to improve cyberSecurity Issues for the Energy Sector. Witnesses stressed the importance of protecting the Us Energy Grid and what the government can do now to help prepare for potential attacks, held by the Senate Energy committee, this is almost two hours. Good morning, the committee will come to order. We are here this morning to examine federal and industry efforts to improve the cybersecurity of the Energy Sector including efforts to improve collaboration on Cyber Security and Critical Infrastructure protection initiatives. It has been more than a year since we last held a hearing on cybersecurity for the Energy Sector but it is fair to say this is always a timely topic. A critical priority we cant lose sight of even as we grapple with covid19, which becomes the source of our next national crisis. There have been a few noteworthy developments since our last year. Earlier this year the president issued an executive order focused on securing our system from the cyber and physic
When the time comes, after the crisis has passed, we will put these emergency tools back in the tool box. I would stress that these are lending powers, not spending powers. I will also note that we design our facilities to work for broad ranges of businesses and municipalities. We do not target particular firms or industries. Elected officials make decisions about where to direct such target relief. The cares act and other legislation provide direct help to people, businesses, and communities. This direct support is making a critical difference. Not just in helping families and businesses, but also in limiting long lasting damage to our economy. Public faith in our operations depends on transparency. If the fed were committed to that, particularly in deploying our emergency powers. Thank you. I look forward to our questions. Thank you very much, chairman powell. I now recognize myself for five minutes for questions. As i mentioned in my opening, the pandemic is strengthening and so, to
A bipartisan letter urging for delay in implementation. Every entity both banks and nonbanks which were not included in the cares act on the same footing can conduct the study with real life se narp owe that we had going today. Given the actions by congress, should we delay as i and my colleagues have called for and should the treasury examine the real life scenario we have gone through when kwuki inconducted study. I think that should be considered we are working on the study. The president issued an executive order with regards to each agenc looking at the rules, regulations that were waived, declined or whatever if they dont work now, why should we continue them down the road when we get out of this mess i assume everybody is doing that this accounting principle would fall in that area of we need to be looking at this as something down the road. I would agree thank you appreciate that. Theres a time and place for rules and regulations and a time and place that are nonfunctioning whe
Aid package in congress. The House Financial Services meeting is just over two hours. The i plan to continue the hearing if votes are called. Both of you have agreed to be here for two hours from the start of the hearing, and i thank you. The chair is authorized to declare recess of the committee anytime. The members and arresting those witnesses to the First Full Committee Hearing conducted by the committee on financial services. As the congress breaks new ground with these hearings, i want to remind members of the two matters including some required by the regulations accompanying the House Resolution 965 which established the framework for remote and hybrid committee proceedings. First i would ask all members to keep themselves muted when they are not being recognized. Members on the platform owner responsible for meeting and amusing themselves. The staff has been instructed not to mute members. Members on the platform are reminded they may attend one hearing at a times if they were
Economic aid package in congress. The House Financial Services hearing is just over two hours. The committee will come to order. First, i want to thank the chair mnuchin anatole for your patience as we wrap up our vote. The i plan to continue the hearing of the book are called. Both of you have agreed to be here for two hours, and i think you. So, without objection, the chair is authorized to declare recess at any time and i want to welcome all of the members and arresting those witnesses to the First Full Committee Hearing conducted by the committee on financial services. As the congress breaks new ground with these hearings, i want to remind members of the two matters including some required by the regulations accompanying the House Resolution 965 which established the framework for remote and hybrid committee proceedings. First i would ask all members to keep themselves muted when they are not being recognized. Members on the platform owner responsible for meeting and amusing themse