T the Supreme Court halted implementation of the power plan until legal challenges against it are resolved in the courts. Some members a discussed the flint, michigan, water contamination crisis. This is three hours. Ive asked mike bosh to open with a prayer. Dear heavenly father, we thank you so much for the we opportunity to serve this great nation. Lord, we thank you for the res freedoms that we have. Make we thank you that you have blessed up as you have with thee rich resources and the ability to use those to make the world a better place. Lord, guide us and direct us, give us wisdom through this hearing. We ask all this in jesus name, amen. Thank you, michael. I want to thank you m administrator mccarthy for being here this morning. The appreciate you being here. Y theres a reason, a top issue for nearly every member of our ag committee is related to the n regulatory agenda for the Environmental Protection agency. Many members of this committee believe the agenda has been absent
Important topics. That is coming up in october. We have a giant delegation, both government and civil society, planning to go. If youre interested, youre all invited. Certainly lots of topics important to us will be discussed. So back to open data and the United States. I mentioned that in 2013, president obama issued an open order eo, executive order, for default information. Accompanying that was the open data policy, which we refer to as m1313 for you government nerds in the room. That directs agencies to manage information as an asset. And of course that doesnt happen overnight, right . For the last two years we have been working really hard with our agencies to move towards managing information as an asset. So i mentioned data. Gov. There is a screen shot of the data. Gov home page. 160,000 data sets across all sectors. The data. Gov site has incredible resources and is fantastic if you havent spent much time there. Another effort that we that the administration launched into quic
Internet caucus taking a look at internet privacy and personal data protection. The chair of the Federal Reserve, janet yellen, testified on the u. S. Economy and Monetary Policy appearing before the House Financial Services committee on wednesday for about three hours. The committee will come to order. Without objection the chair is authorized to suggest a recess for the committee at any time. This is the annual testimony on the Federal Reserves supervision and regulation of the Financial System. I now recognize myself for three minutes to give an opening statement. The dodd frank act requires the Federal Reserves vice chair of supervision to testify before our Committee Twice a year regarding the supervision and regulation of Financial Institutions. Regrettably, five years after the passage of dodd frank, no such person exists. President obama has been unwilling or unable to follow the law in a point at vice chair. We can no longer wait for the president to do his job so we can be al
Financial institutions and markets generally. Those powers we use during the crisis to keep credit flowing to the economy. Sure. And so we want to be very careful about what we do. The words used for that are unusual and exjentsisheses. Sur correct. In my format we take that and we say we add upon it, raise the bar marginally, i would argue, and use the language unusual and exjent circumstances exist that pose a threat to the Financial Stability of the United States. Youve come out and some of the other fed governors come out opposed to that language. Why . Thats when we would use im not sure that we have been opposed. Thats when we would use those powers when there are unusual and exjent. Its understood to mean pose a risk to the Financial System. Weve kind of added two things as a belt and suspnders. One was to include the language that pose a threat to the financial starblete to the United States. And that is the pushback that weve gotten. Ive met with some of the other fed governor
Provide liquidity when there is a financial panic and lenders are worried about the state of Financial Institutions and markets generally. Those powers we use during the crisis to keep credit flowing to the economy. Sure. And so we want to be very careful about what we do. The words used for that are unusual and exjentsisheses. Sur correct. In my format we take that and we say we add upon it, raise the bar marginally, i would argue, and use the language unusual and exjent circumstances exist that pose a threat to the Financial Stability of the United States. Youve come out and some of the other fed governors come out opposed to that language. Why . Thats when we would use im not sure that we have been opposed. Thats when we would use those powers when there are unusual and exjent. Its understood to mean pose a risk to the Financial System. Weve kind of added two things as a belt and suspnders. One was to include the language that pose a threat to the financial starblete to the United S