We will have votes in a couple hours. We want to make sure we move quickly through this. Before i start, i want to acknowledge that our good friend and Ranking Member of the committee, frank palone is not with us because his father died. We keep his family in our prayers. I did not personally know his father, i know he raised a good son. So we thank him for that. We will continue on from there. Next, joined today also with my colleague who is wearing Denver Broncos orange. Congratulations for a super they must be a good team, because they beat the steelers. Now on with our hearing. Good more than, wer good morning. Were reminded those that seek to do us harm through a variety of harms, including biological attacks. The threats are growing and every changing. We are ill prepared to detect and respond to the threats as rapidly as needed. We have been caught flat footed too many times in the past. We face a deadly enemy we cannot see. Our methods to find it are inadequate. We may know kno
Next, a Senate Hearing on u. S. Preparedness for biological threats. Then Gina Mccarthy talks about the clean water act and the clean power plan. After that, new mexico governor sus Susanna Martinez gives her state of the state address. Now a house hearing on the nations preparedness for biological threats. It comes following the release of recommendations from a special panel on biodefense. This is just over two hours. Good morning. We will begin this hearing. We will have votes in a couple hours. We want to make sure we move quickly through this. Before i start, i want to acknowledge that our good friend and Ranking Member of the committee, frank palone is not with us because his father died. We keep his family in our prayers. I did not personally know his father, i know he raised a good son. So we thank him for that. We will continue on from there. Next, joined today also with my colleague who is wearing Denver Broncos orange. Congratulations for a super they must be a good team, be
You indicate, attempting to quantify the benefits of safety and soundness regulation is very difficult. Mr. Brown who would have wanted this to take longer . Ms. Yellen you indicated that those who are regulated mr. Brown dont say what i indicated but who in this town, who in this country wanted this to take long her ms. Yellen we know banking organizations are concerned with regulations and the burdens they impose. Mr. Brown let me shift to another question, i think senator shelby will be back in a couple of minutes. Some have suggested repealing or limiting the Feds Authority to pay excess. Im concerned this is an attempt by those who are concerned about those who want to limit the feds monetary tools. What are the implications of repealing or eliminating interest on reserves . Ms. Yellen it is the most critical tool we have for Monetary Policy to adjust the level of shortterm Interest Rates and the stance of Monetary Policy. If we were denied the ability to use that tool, first let
Controls should bear the liability, and publishers should reject their ads. Are stakeholders adopting reasonable best practices and controls, in your view . Today that information does not suggest they are doing that. One of the challenges is reluctance to share information among each other. It is isolated now. Again, are recognizing that there is no perfect security in the absence of taking reasonable steps to protect the infrastructure and consumers from harm they should be responsible. How Many Americans do you think know that this problem exists . This information has been kept very quiet. Its been suppressed over years. The executives of some trade organizations have denied it exists publically. We just saw an example of that disputing the malvertising facts. Where did you get them since they dont share your view . We are fortunate. There are many players in the industry that see this as a major issue. This week we had a Dozen Companies come asking for legislation in the ecosystem
Not about threatening russia. They argue the shield is no longer necessary. Theyve also according to u. S. Officials been helpful in the talks. Does russia have a point in bringing this up in light of emerging deal . So i think everybody heard the question. First of all, if you look at the capacity of the system that were installing in europe and this is the analog of the fact that our National Ballistic Missile Defense system is not alined to russia. We just dont have the capacity. They are with a large reasonably powerful country like russia could overwhelm that Defense System quickly. Its not about that. So they should not worry about that. They should be encourage that we are helping our allies there, potentially defending iranian or other threats in the region and as regards to the discussions, the agreement is not cop collusive yet, and once concluded, it you know, we still have to make sure that iran sticks to it and a Ballistic Missile Defense System is not something that you t