This hearing will come to order. Today we are joined by the leading voices within the administration on reforming and strengthening our Housing Finance system. The secretary of the treasury and the secretary of housing and urban development, both of whom have just proposed proposals to the president , as well as the director of the federal Housing Finance industry who serves as the regulator and conservator of fanny mae and freddie mac. Last friday marked 11 years since the government bailed out and put fanny mae and freddie mac into conservatorship where they remain today. Prior to 2008, they held just 0. 45 in capital for every 100 in mortgages they guaranteed. Now they hold just 0. 19. After a historic 200 billion bailout from the taxpayers. 11 years later, these Important Companies continue to be too big to fail, and are even more leveraged than they were before the financial crisis. And taxpayers remain on the hook in the event of the next market downturn. In march, President Trum
That passed almost 200 days ago. With the Mass Shootings that weve seen. The fall of the soviet union, a number of aircraft fell. Like bombers reduced even further. Command withmbat y aircraft the capitalization efforts were too often delayed. A trend accelerated in the wake of 9 11. The notion of pure competition is an outdated way of thinking. Today, the smallest, oldest aircraft fleet in history. Area withry mission actor still posing an interior threat. Nations like iran and north korea. China and russia presenting threats on a scale not seen since the cold war. A smallmes a point when number of aircraft can only be stretched so far. What the airly force was talking about when she made her call for 386 operations squadrons. Congress was concerned about the size of the air force. Studies to multiple assess inventory requirements. That brings us to our panel here today. We are pleased to have mark and dave join us. A congressionally mandated effort. Also deputy chief of staff for str
Seat held by senator john mccain. Like most of my life, i didnt take the traditional path, but i am blessed to have been given the opportunity to make a difference for others and stand in this Historic Chamber today. I love arizona, the grand canyon state, its people and our spirit. Like many arizonans, i wasnt born there, so this is a love of choice. Also like many arizonans, i first came to the state on a military assignment in the summer of 1990 to attend Pilot Training at Williams Air Force base, now home to a thriving Industrial Park called mesa gateway. I fell in love with arizona right away and was fortunate to have the Majestic View from the sky as a pilot. What a privilege to live in a land of adventure id only read about as a kid. Home to one of the seven natural wonders of the world and the grand canyon, and our diverse landscapes, mountains, canyons, lakes, rivers, sunsets, and the powerful desert lightning. After an assignment away i came back to arizona to fly the a10 war
That representation Transportation Safety issues along with my Ranking Member senator cantwell let me welcome our Signature Panel of witnesses and thank them for this hearing. Well hear from the department of transportation including neil szabat ron brinks and straygur of the federal Motor Carrier Safety Administration and deputy minister of traffic and safety. Welcome to each of you. Fixing americas surface transportation act of 2019 better known as the fastback rasterized the administrations responsible for ensuring the safety of our surface transportation paid sns and fra. Identifying issues this committee should consider as we prepare for reauthorization. The fastback places a greater focus on our nations Multimodal Network that includes establishing the emperor Grant Program. This program and others such as formerly tiger grants are critical to improve our nations transportation infrastructure. I hope the winces will provide the committee with an update on efforts to improve our i
Works committee. Its about two hours. I call this hearing to order. Todays hearing is about the need for this committee to draft and to pass a bipartisan Highway Infrastructure bill. Both Ranking Member carpers staff and my staff have been working on drafting this legislation along with all of the members of this committee. We appreciate all the input we received from our home states, from our fellow members and from transportation stakeholders. Its our shared goal to advance a bill out of the committee this summer. That means the Senate Environment and Public Works Committee will be first out of the gate to pass a Highway Infrastructure bill. This is appropriate given the history of bipartisan efforts to pass previous surface as far as surface transportation bills. Chef crumbling roads and bridges and they need to replaced. Projected population growth and existing congestion require states to build new capacity to meet future needs. Our economy is built upon a well functioning road sy