Broadband access. The hearing runs two hours. Two hours and 40 minutes. [bangs gavel] good afternoon. The Senate Commerce committee will come to order. I thank my colleagues, many have been in this room for many hours already today doing double duty on both an aviation hearing, and now, a very important conversation about the implementation of the chips and science act which we are committing a pretty big role in. Less to say, our community has been very diligently working on a lot of transformational policy. While were waiting for our colleague here, i think i will thank senator wicker again for his work on chips and science act. I think people may not remember, but this committee, i dont know how many amendments we processed. It was in the hundreds, it might have been in the 300s, but i definitely believe that the regular process was good for the institution, good for the debate about science, and hopefully people will continue in todays hearing to understand that, to understand much
What will happen, because. The word is almost known, but it seems to me that you are very important you did a thing, in addition to a Wonderful School program, wonderful russian classics, every week larisa antonevna reads some new book, brings us to read, they were there, remember, i remember, yes, yes, and this is all an alm with a film, remember, that means military books, nonmilitary, novel, we are all read, but i also told. I really remember when you were after dolstovs war and peace, and in order to participate in an interesting roar, you had to read it, just if someone didnt read it, then there were no options to participate and live interestingly, i want to say that our school was renovated , i learned about this from the governor, when we were opening the road, you know, the bypass of lobnya , and he told me that coffee in the Moscow Region 60 schools were repaired, throughout the country we have 1,300 and for repairs, this is the president ial program according to which school
Visit ncicap. Org] [captions Copyright National cable satellite corp. 2023] were going to break away here. You can continue watching this program on our website, cspan. Org. We take you live now to testimony from commerce secretaryse Gina Raimondo on semiconductor display chain investments. Live coverage here on cspan. Needless to say, our committee has been working very diligently on a lot of transformational policy. While were waiting for our colleague here, i think ill thank senator wicker again for his work on the chips and p science act. I think people may not remember but this committee i dont know how many amendments we processed. Sen. Cantwell ity know it was in the hundreds. It might have been in the 300s. But i definitely believe that that kind of regular order process was good for the institutioned good for institution, good for the debate about science, and hopefully people will continue in todays hearing to understand that and understand much of the debate that maybe wasnt
Enough fear. Theres not enough capitulation. Thats the story. We had another day where we saw we nasdaq plummeting 1. 87 . Yeah. What you may not realize is the market is the same going on in stocks which is unfortunate. The bottom market is more important. It is leading us by the nose. Enlist your professional investor maybe dont realize it. We have to get an understanding about the tyranny and how they are the overlords of stocks whether we like it or not. When the bottom market sneezes stocks get pneumonia. Man is it sneezing. They are selling everything in the bottom market to get out before at this point maybe just their shadows. We dont know anymore. There are four kinds of very motivated sellers. Theres the Treasury Department that needs to finance our government. The Federal Reserve is 5. 3 trillion in treasuries. Another 2. 6 and agency. Crazy. It sells as a way to shrink the money supply. There are the regular owners of bonds some of whom are gigantic amounts of money to on t
Our membership and we value all the hard work that you all do. So, thank you and happy new year. President scott thank you very much. Any other Public Comment. Hearing and seeing none, the next item. Item 4, discussion item, directors report, acting executive director griggs. Board report for the december work, so we are in january, but looking back and highlighting the december work, and we are in the mode of thanking everyone, i want to thank the board for this opportunity. Its been a challenge, educational, its been fun, actually. Believe it or not. It has been a lot of hard work, and just to reiterate, specifically pamela and marina coleridge, the staff has been helpful but thanks to them and their support, having to put some things of operational, things on to marina and pamela stepping up with her expertise and how the city financial stuff works. So, thank you to all the staff. It has been a very busy year. And we are about to start a new rates and benefits cycle which well talk