Financial services is integral to our everyday lives and integral to the modern economy. At least in the western world and developing world. Every modern economy relies on Financial Services. Its also in many respects a good kind of like the digital section that we dont often think about how it crosses borders. We just assume when we go to atms, we will take money out of the bank and assume we have that same service when were on vacation in other countries as well. There is a infrastructure in place that supports a very complicated global web of services, but its not one that we engage with in everyday discussions, but its a very important one. The Financial Services is incredibly important industry and not only because of everyday lives, but simply because of the size of goods and services that cross across natural borders. Its also one that i think in recent years, especial yet last decade, has become much more important to the Global Political discussion. How do you regulate this in
Feel differently about the effectiveness of the office of Inspector General. Attorney general cole asked the office of Legal Council to issue a formal opinion resolving this dispute. I hope the Principle Deputy assistant attorney general Karl Thompson and his team would adhere to the plain text of the statute and to our obvious intent and grant the Inspector General unfettered access to every document in the departments position. If the office of Legal Counsel find ambiguity to hold in place any of them on the Inspector Generals access to information, the house judiciary should be the first to act to correct their mistaken impression. Inspector general horowitz, we welcome and we look forward to your testimony today. And to your assistants legislative response is indeed required. I thank the chairman and yield back. The chair thanks the gentleman. And chair understands that the gentleman from ohio would like to make a brief statement welcoming the Inspector General. I thank the chairma
Happening in terms of natural gas in the production generated in this country that is far less polluting than coal, and i think on that. Eed to focus we need to look at the carbon generating coal fire plant and make sure that we are not having to dramatic and impact or having a dramatic impact on rate payers, and also, we have to be concerned about the economy in the areas that are dealing with this. I believe we have to get away from carbon generators as the primary source of energy in this country, and this is one way that needs to be explored to do that. Like the nlrb, the epa is another agency thats out of control. Certainly, our Coal Companies in the state of virginia know that. The policies my opponent discusses are killing our coal industry, and then he is not supporting things like offshore drilling, the keystone pipeline, and other ways we can have more Affordable Energy. The way you get an economy moving is to have Affordable Energy. Our gas prices have gone up. If you are th
Jump in. Dont be shy. Certainly i think from my little world of this surveillance world where so much trust has been lost, especially for users outside the United States, i think the simple but very meaningful steps would include updating u. S. Surveillance law. Weve got some good vehicles for that. Weve got great vehicles right now for reforming the Electronic Communications privacy act which is one of our domestic surveillance statutes. Get it to be consistent with the standards that most companies are complying with any way in the United States. Statutes are way out of date. The second is addressing the National Security authorities in the United States, u. S. Freedom act is one vehicle that does a nice job of addressing concerns. Particularly issues of bulk surveillance by u. S. Natural security. Those are two very important vehicles that are there ready to be passed and can help reduce the concerns about aggressive u. S. Surveillance. I think theres also a great need for the Unite
Perceived need by jurisdictions to enact extraterritorial surveillance laws or put in place data localization. Even simple changes to make it so we are the United States better at honoring our treaty obligations under assistance treaties and other vehicles. It can go a long way to reducing ome of the pressure. Theres a couple things i want to say. One, i think that we should put this in context and perspective. In the first instance, yes, there have been a lot of moves in the press and discussion about data localization. The biggest threat, most real was in brazil. It was passed earlier this year. There was at one point provisions mandating data localization. Those provisions were remove ed from the bill in part because of the recognition within brazil that doing so had negative repercussions for brazilians themselves. Were seeing that kind of educational process taking place around the world. People see its not in their selfinterest to invest in these data a processes. As it relates t