Okay. Good morning. Welcome. I call to order the subcommittee on oversight. I want to thank everybody for joining us today. Were holding this hybrid hearing in compliance with House Resolution 965. Accordingly, i am joined but members here in the hearing room as well as approximately ten members on the remote platform. Thats outstanding, and i want to thank them for joining us. Before we turn to todays important topic, i want to remind the members of a few procedures to endus navigate ther the help us navigate the terrain here. First, consistent with regulations, the committee will keep microphones muted. For those participating virtually to limit background noise. [inaudible conversations] well pause for one moment. [background sounds] members are responsible for unmuting themselves, unmuting themselves when they seek recognition or when recognized for their five minutes. Members here in the hearing room also are reminded to keep your microphones muted when you are not recognized. Sec
Come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Holding Wells Fargo Accountable and ceo perspectives for the bank that broke americas trust. I now recognize myself for five minutes with an Opening Statement. Today, wells far go ceo, charles scharf, will testify before the committee about how he plans to end wells fargo egregious battle of abuse. Hes the third wells fargo ceo to testify before this committee and less than three and a half years. I will note that each time wells fargo ceo testified before this committee, he has resigned soon thereafter. Mr. Charles scharf, you have taken on a massive challenge and while i certainly wish you luck, it is clear to this committee that the bank you inherited is essentially a flawless organization that has caused widespread harm to millions of consumers around the nation. Wells fargo has opened 3. 5 million fraudulent accounts with their customers names which ca
Waters 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 per the request of the p. M. Secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchin. 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 mnuchins leadership, has mapped out point by point and rolling back many of the Critical Reforms demo
Housing units. Senator mike crapo of idaho chairs the banking, housing and urban affairs committee. This hearing will come to order. Today, the committee will receive testimony from leaders in the Housing Community on bipartisan opportunities this congress to expand access to Affordable Housing, to improve the safety conditions within current federallyassisted housing, and to consider how we might better target some of our existing Housing Resources to meet unaddressed need. Welcome to our witnesses, and thank you for taking the time to be with us today for this important discussion. Joining us today are ivory mathews, interim executive director of the Housing Authority of columbia, South Carolina; mark yost, president and chief executive officer of the skyline champion corporation; and peggy bailey, Vice President for housing policy at the center on budget and policy priorities. For purposes of todays hearing, we are focused on examining three bipartisan pieces of legislation in parti
Culture, read the implementation of federal farmer Disaster Relief, will come to order. Thank you and welcome to this joint hearing of the subcommittee on general farm commodities and Risk Management and livestock and foreign agriculture. Im pleased to be joined by my colleague and fellow chairman mister custer and Ranking Member mister thompson, livestock and Foreign Affairs Ranking Member, and chairman peterson and fellow texan, Ranking Member, mike conaway. The first joint hearing comes at a very important time for farmers. Usda and Food Production Conservation Mission area and Farm Service Agency in the middle of a huge job. They are the home of 3 critical efforts to address the needs of farmers, ranchers and Rural Communities in our country. The Market Facilitation Program which is meant to assist farmers most direct we harmed by the administration of trade war, the expanded wildfire and hurricane endemic program which will aid in Rural Recovery from Natural Disasters and programs