Mr. Gibson and i joined together to introduce legislation that clarified rules under the doddfrank act with regard to margin clearing and reporting requirements of interaffiliate transactions. What that means is a lot of main street businesses in various industries from agriculture to Consumer Products that work across International Boundaries use this central treasury unit structure to offset competing or offsetting risks and that way they can decide what their total aggregate risk is and then make it much more affordable for a corporation. Unfortunately the way the rules were interpretted by the commodities futures trading commission, these companies were being charged double or triple the cost by imposing these Central Clearing unit ways of managing risk. It just didnt make sense and it actually cost them more money. And these companies did not add systemic risk. Thats what the rules on swaps were all about is to make sure we reduce systemic risks. These companies are using these co
It with your wisdom and truth. Give them a spirit of enthusiasm and joy in their worthy efforts, and may they find fulfillment in their service. As they seek to advance the common good guide them in making right decisions, and carrying them out with true justice helping them to be particularly attentive to the needs of those who cannot fend for themselves or who struggle with little hope. May the work of this house help advance a Peaceful Society in our nation and foster unity in mutual good will so that in all things you may be glorified. We ask all this in your most holy name, amen. The speaker pro tempore the chair thanks the guest chaplain from belmont abby from belmont, North Carolina. The chair has examined the journal of the last days proceedings and announces to the house his approval thereof. Pursuant to clause 1 of rule 1 the journal stands approved. The pledge of allegiance will be led by the gentleman from North Carolina, mr. Pittinger. Mr. Pittinger i pledge allegiance to
During the annual meeting of the United Native American Housing Association (UNAHA), held March 25 in Denver, CSKT tribal member Bob Gauthier was honored for his lifetime of achievements regarding Native American housing throughout Indian Country.
Tribal leaders in Michigan are calling a new state housing development assistance program a good first step toward supporting their housing development efforts in a more holistic way.
READOUT: Treasurer Chief Malerba Outlines Biden-Harris Administration's Historic Support for Tribal Communities at the National American Indian Housing Council's Legislative Conference marketswired.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketswired.com Daily Mail and Mail on Sunday newspapers.