Committee will come to order. The panel will take their seats. Chair now recognizes the gentleman from kentucky, mr. Barr, for five minutes. Thank you, mr. Chairman. Mr. Woodall, since youve been the topic of much conversation as a fi beta kappa from kentucky, fellow kentuckian im going to leave you alone for the most part today. Let me start with Bank Regulators, prudential regulators and just note at a macro prudential level fsoc and banking regulators have participated in International Agreements with the Financial Stability board, basel and other forums and the main difference between u. S. Requirements and those promulgated internationally is that it seems that our domestic standards are more stringent than our foreign counterparts. A few examples, capital surcharge on Global Financial firms nearly doubled the International Standard. Supplemental leverage ratio that is double adopted internationally. A liquidity coverage ratio more restrictive than the International Standard and a
Live coverage starting shortly right here on cspan3. And we will let you know later at 1 00 eastern time, live coverage of remarks by the new secretary of the smithsonian institution. He will talk about his plans for the smithsonian museums at the National Press club. Watch that here live on cspan3. Tonight at 6 30, the World Affairs council will hear from pakistans ambassador to the United States on relations between the u. S. And pakistan, security and its defenses, live at 6 30 here on cspan3. While were waiting for the Financial Stability for this hearing on Financial Stability to begin, we will let you know on capitol hill also the houseworking on the visa waiver bill. Getting under way on cspan. The senate starting its day voting at 11 30 to advance a replacement for the no child left behind law. Live this morning here on cspan3, the House Financial Services Committee Hearing from some members of the Financial Stability Oversight Council, that was a council created in 2010 becaus
Thank you. The gentleman yields back from a very salient point which i think he will agree with the chairman that just citing interconnectedness is not enough of a criteria because no one else from the panel, i see, was able to answer your question as well. My daughters former Lemonade Stand is also interconnected if you go through the whole realm so i think there has to be more substance to it than that. But with that, i will yield to mr. Tipton for five minutes. Microphone, please. Does that work . Thanks for taking the time to be here. We have a large group and id like to echo comments made by mr. Lucas and mr. Stivers in regard to Community Banks, something critical for rural america, particularly in my district. Youve had to raise your hands simply because of the size of the panel several times here but i would like to be able to just get a sense of your feeling on the panel who is concerned about the challenges faced by americas Community Banks and Financial Institutions in these
First, this deal will have no impact in the u. S. Business and, therefore, no impact on the amount of supplies procured today. In hops we purchased 8 of the hops in the u. S. We manufactured some but in the open market we purchased 12 of the cans available in the marketplace. We placed 25 of the barley available in the marketplace and all those figures will remain the same pre and post transaction. Bottles, we purchased 27 of whats out there. So thats all those numbers will remain the same and no impact because this transaction is about the rest of the world. Thanks, mr. Chairman. Thank you and Ranking Member klobuchar for having this hearing on a very profoundly important topic. I want to thank our witnesses for being here today, all of you with diverse and different viewpoints. Mr. Brito, thank you for making the trip from connecticut today. We welcome you and thank you for your involvement in our community in connecticut. And i want to say that im a nondrinker, so i have to disclose
To serve, let them say, here i am, send me. Grant all the members of the house integrity of action so that they act not for their own honor and glory, but rather for the welfare of all of their constituents. Lord, we also pray for all former members of congress, many of whom are gathered here at the capitol today. Continue to guide them along their way, revealing to them the truth and bringing them to the fullness of life. May their examples of heroic statesmanship be an inspiration to all. May all that is done this day be for your greater honor and glory, amen. The speaker pro tempore the the speaker 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 aproved. For what purpose does the gentleman rise . Pursuant to clause 1, rule 1, i demand a vote on agreeing to the speakers approval of the journal. The speaker the question is on agreeing to the speakers approval of the jour