Screeria nigeria. Parliamentary elections, and later a house hearing on the tsa and airport security. Today the House Financial Services Committee Held a hearing on protecting Consumer Financial data, its partly in response to high profile data breaches at banks and retailers. Congressman jeb hence erlg chairs this threehour hearing. [ inaudible ]. Financial Data Security in the age of computer hackers, given that the pa just turned on, it is a testament to the fact to members welcome home. I assume we have many of our colleagues who are furiously running from hvc201 as we speak. For our witnesses and our the audience we have been no mads since the beginning of the year. So you will notice a few changes in the room. This renovation was caused by an upgrade of the audiovisual systems, although i did not specifically request it i saw notice there are twice as many microphones in our hearing room as before. I wish to notify members that does not mean they can speak twice as long. That doe
Standards. In setting minimum standards, we need to be careful not to hamstring our states and federal regulatorss ability to adapt and strengthen protections for consumers. Otherwise, well limit regulatorss ability to keep up with Technology Change and reserve a private right of action for consumers and for Financial Institutions to ensure that affected entities and breach victims have further recourse. Further, consumers must be consistently provided with clear disclosures of the rights and remedies available to them so they are aware of the various ways in which they can protect themselves from Identity Theft and fraud and other cyber crimes. Mr. Chairman efforts to guard against Cyber Threats are critically important and shouldnt deval of into the same partisan fault lines seen on far too many other issues before this committee such as the basis attacks on watchdogs like the cfpd and blocking efforts to reauthorize the charter of the import export bank that expires in 22 legislativ
Regulatorss ability to adapt and strengthen protections for consumers. Otherwise, well limit regulatorss ability to keep up with Technology Change and reserve a private right of action for consumers and for Financial Institutions to ensure that affected entities and breach victims have further recourse. Further, consumers must be consistently provided with clear disclosures of the rights and remedies available to them so they are aware of the various ways in which they can protect themselves from Identity Theft and fraud and other cyber crimes. Mr. Chairman efforts to guard against Cyber Threats are critically important and shouldnt deval of into the same partisan fault lines seen on far too many other issues before this committee such as the basis attacks on watchdogs like the cfpd and blocking efforts to reauthorize the charter of the import export bank that expires in 22 legislative days. With that, i look forward to hearing from the witnesses today, and i yield back the balance of
That as we have this longer term discussion of investment and structure that we do drn that everyone understands that the program, Aviation System and the Grant Program and aviation structure in the United States has always been about achieving twin objectives. First is to have an efficient system that serves the largest number of passengers and second is too provide a level of access to communities throughout the country. And in previous reauthorizations that has always been matter of great debate as you well know between members of congress about how to achieve that balance. That challenge and issue does not go away under any structure, nor does any structure alone deal with what those issues are. What youre raising is a important Public Policy request, where are we going with respect to ensuring a modernization of that system, while at the same time ensuring some level of access. And that debate i think is let me give i was part of building a Great Technology company in montana and
Value of exports is far less than that in roughly 2950 million. U. S. Exporters see a tremendous market in cuba by the authorizations they seek from us though currently they only export a small fraction of that. Those exports go through the cuban import agency. So thrs no changes in our regulations on exports to cuba because thats limitted by the trade sanctions. Thank you, mr. Chairman. Mr. Chairman thank you for your statement. Our next witness, johnny smith acting director, office of foreign assets control, the department of treasury. Mr. Smith serves as acting director of the department of Treasury Department of foreign assets. Control or opac is mr. Smiths acronym for which he works which is tasked with administrating economic trade sanctions to advance u. S. National security and Foreign Policy goals. Prior to joining opac he served as expert to the United Nations taliban and sanctions committee. As a Trial Attorney at the u. S. Department of justice. Welcome to your new job. Tha