So i think were going to started. Take your seats. Good folks take their seats if they are to begin. So well get going. I am from the sec office of media relations. Just like you know we would be posting a fact sheet about the proposal and text of the chairwomans remarks and with no further ado let me introduce chairwoman rosenworcel. Thanks, will. Thank you, everyone for being here. You know, it was more than three years ago when the covid virus reached our shores and upended daily life. I dont know if remember those early days but i thought it was bewildering. We were told to stay home, hunker down, and move lifeer online. So i grabbed what i thought wast important at work and moved my office to my dining room table. At home, i kept changing the location of the wifi router, feverishly trying to identify the sweet spot where the signal would reach everyone in my family. We had two parents, two kids, a toocrowded house, and all of us on the internet, all the time. It was a lot. And we
And i am proud of you. I know you are currently residing in florida but you are a true puerto rican. I know you are fighting for equality, and that is the solution. The democratic thing to do the right thing to do economically and financially for puerto rico insofar as the immediate crisis is concerned. Congress could give puerto rico a tool that is not available in puerto rico, and that is chapter nine of the bankruptcy code. It allows companies to reorganize themselves under the protection of the bankruptcy court, so that they can meet their payment obligations. It allows them to restructure in an organized and legal way. That is why i am fighting for that in congress. But the permanent solution would be to allow puerto rico to join the union. Pay federal taxes. But at the same time, get the same benefits from the federal government. Then puerto rico would prosper with that kind of profit status. There would be a transition, but we would have no Political Risk and we would drive the
[applause] thank you are coming. Its my pleasure to introduce to you, commissioner michael bueller. He was appointed to the Security Commission by president obama and is sworn in an august 2013. He was delegated by President Trump to be in german in that capacity from january 23rd of this year to may 4th. His term expires in june 2018. Previously, dr. Pirowar worked at the sec in the office of Economic Analysis with the division of economic and risk analysis as an academic scholar from iowa state university. He was a professor of finance at iowa state university, earned a ba in Foreign Service in International Politics that can take an from georgetown and phd from penn state. Today we are not going to have a set presentation, but instead a formal question and answer format. Im going to ask mr. Pirowar a number of questions and then we will open it up to the audience so you all can participate in the discussion. Commissioner pirowar come with the new chairman of the securities and Excha
[inaudible conversations] good morning, everyone. Good morning. Our team is here. The subcommittee on Capital Markets and gics will be hereby called to order. Todays hearing is entitled continued oversight of the secs offices and divisions. Without objection the chair authorizes a recess of the subcommittee at any time and also without objection, members of the Financial Service committee who are not members of the subcommittee may still set and participate in todays hearing. At this point i will now recognize myself for three minutes for an opening statement. So today the Sub Committee will continue efforts to conduct vigorous oversight of the ics sec and the individual offices that make up the sec. The last years are subcommittee has heard testimony from directors of trading and market, corporations by its enforcement and Investment Management division of the sec. These hearings have allowed us to take a thorough look at the agencys operations, rulemaking agenda, enforcement practice
Yes. Steve well see more tricks in the after the show show. By the way, because on sunday joe biden is getting sworn in, a special edition of fox friends will be here live sunday morning. Gretchen hop on for our after the show show. Have a fantastic week. See you monday. Breaking developments in the siege of the sahara, that hostage crisis involving u. S. Oil workers overseas. Were getting new reports that the terrorists want to swap the americans for jailed terror leaders in africa. More than 100 people taken hostage. Dozens of other are still unaccounted for. This story is changing by the hour. Good morning. Thats where we start, im bill hemmer live in americas newsroom. Martha good morning. Im martha maccallum. Details are very murky. An american plane reportedly landing in algeria overnight following a raid to save hundreds of people held captive in a natural gas complex in the dessert. Here is secretary of state hillary clinton. Because of the fluidity and the fact that there is a