You should have a box on your screen that shows how much time is remaining. Some trouble and ive had senators tell me they just cant find that box or they dont see it. Last hearing one of the senators asked me to give them a reminder. I will do that this time for everybody. So at 30 seconds left on your clock, there will be a tone, a bell ring to remind senators and witnesses that their time is a most expired, then at the end of five minutes, another bell will ring. That way we can all know how the clock is working even though we dont find it on our screens. Today we will receive testimony from the securities and Exchange Commission chairman jay clayton regarding the work and the. Genda of the sec thank you for your appearance before the committee today which is essential to our oversight of the sec. And welcome. You last appeared before this committee in december of last year. The covid19 pandemic hit the United States shortly after that hearing and thesec has taken many important ste
Question, we will move to the next senator until resolved. I remind all senators that the five minute clock still aflies. You should have a box on your screen labeled clock that shows how much time is on your screen labeled clock that shows how much time is remaining. But we have had some troubles, and i have had senators who cant find that box or dont see it. And so, in fact, last hearing one of the senators ask me again to get a reminder, i will do that at this time for everybody. So at 30 seconds left on your clock, there will be a tone, a bell ring, to remind senators and the witnesses that their time has almost expired. At the end of the five minutes, a bill will ring. That way we can all know how the clock is working, even though we dont find it on our screens. Today we will receive testimony from the security and Exchange Commission chairman jay clayton, regarding the work and agenda of the sec. I thank you chair clayton for your appearance before the committee today, which is e
The foretwoity was an intent. I think thats something that we should all explore. Thank you. I have worked on legislation. Its a little late in this session under your tenure that would create guardrails and prevent these kinds of failures and abuses. I think your comments were appropriate. We allow companies to still do they have to provide Real Transparency which they dont always. Have to reward workers not just shareholders. Senator brown ill close with a statement. We saw earlier this year the pandemic crashing our families, hospitals, and the economy. How the market seized the up. The s. E. C. s recent report on interconnectedness in the market offers insights but no real policy recommendations. I know that you and vice chair and represent duty pute secretary money market reforms were not good enough. It is clear your successor, the next banking regulators will need to reduce risk from interconnectedness and excessive leverage. The economy may in the future will depend on it. Than
On each item. We are streaming the number at the top of the screen. Each speaker will be allowed three minutes to speak. Comments are opportunities or opportunities to speak are available by calling 4156550001 and entering access code 146047 0765. One connected, darla start three to be added to the cue. Best practices dial star three to be added to the cue. Speak slowly and clearly and turn down any other devices. Alternatively you may submit Public Comment by email to the Commission Affairs officer through email. If you submit Public Comment via email, it will be forwarded to the commissioners and will be included as part of the official file. I will now call the role. Everyone [roll call] we have a quorum. Great, next agenda item, please. The next item is item number two, president s welcome. This item is for discussion. Hello, everybody. To everyone who came out tonight to this meeting on the commission on the environment, let me begin by sharing the best practices for this meeting.
They were physically present. Public comment will be available on each item. We are streaming the number at the top of the screen. Each speaker will be allowed three minutes to speak. Comments are opportunities or opportunities to speak are available by calling 4156550001 and entering access code 146047 0765. One connected, darla start three to be added to the cue. Best practices dial star three to be added to the cue. Speak slowly and clearly and turn down any other devices. Alternatively you may submit Public Comment by email to the Commission Affairs officer through email. If you submit Public Comment via email, it will be forwarded to the commissioners and will be included as part of the official file. I will now call the role. Everyone [roll call] we have a quorum. Great, next agenda item, please. The next item is item number two, president s welcome. This item is for discussion. Hello, everybody. To everyone who came out tonight to this meeting on the commission on the environmen