Administration. Representatives dave brat of virginia and jamie raskin of maryland spoke to students at the American University in washington, d. C. They outlined topics they see their parties working together on in the future. Including education and infrastructure. Due to technical difficulties, were only able to bring you 45 minutes of the event. Money aside well, present were in that world. Do you think, for example jamie, youve suggested that more discussion is part of the lawmakers process. What what else could change that would allow you to serve your or represent your constituents better . Well, i dont want to rush too quickly by the point that dave just made because i think its very important, about the money. You know, the ill make a bipartisan gesture by invoking our last great republican president , abraham lincoln, who talked about government of the people, by the people and for the people. That is the dream of american democracy that were its always slightly elusive, a li
It provided numerous recommendations, insights into the councils key activities and identified potentially merging threats to Financial Stability. One of the rejss urged congress to reform the Housing Finance system and boost the role of private capital in morning finance. Ive repeatedly stated that the status quo is not a viable option and reforming the Housing Finance system is one of my key priorities. Testifying before the Banking Committee last year, secretary mnuchin reaffirmed his commitment to work with us to find a solution and stressed the importance of finding a balance between ensuring strong Taxpayer Protection and ample access to credit. Four years ago, a Bipartisan Group of senators passed a Housing Finance reform bill in this committee. We have an opportunity now to build on that effort and create a broader coalition of republicans and democrats to pass a bill into law. This remains one of my Top Priorities and i look forward to continuing to work with the other members
Order. Today treasury secretary Steven Mnuchin will testify on 2017 annual report and the operations and actions. Identified potentially threats. One of the recommendations urged congress to reform Housing Finance system and boost role of private capital. I have repeatedly stated that the status quo is not a viable option and reforming is one of my key priorities. Four years ago a Bipartisan Group of senators passed Housing Finance reform bill in this committee. We have an opportunity now to build on that effort and create a broader coalition of republicans and democrats to pass a bill into law i look forward to continuing to work with the other members of this committee with secretary mnuchin and other stake holders throughout this process. Another focus was Cyber Security. The list of significant tieber attacks in the public and private sector keeps growing at an alarming rate and seems to have impacted the majority of all americans. Its critical that personal data is protected and w
Your or represent your constituents better . Well, i dont want to rush too quickly by the point that dave just made because i think its very important, about the money. You know, the ill make a bipartisan gesture by invoking our last great republican president , abraham lincoln, who talked about government of the people, by the people and for the people. That is the dream of american democracy that were its always slightly elusive, a little bit out of reach but were always trying to move towards it, but today the big threat of government by the people is a money power, which dave correctly describes as bipartisan. In fact, sometimes people come to my office and say weve got a bipartisan jaagenda and im ver nervous because it means they want to buy both parties or buy one and get the other for free. So im interested in a popular agenda. You know, George Washington used to say, weve got to remember that a party is comes from the french word, it just means a part of the whole. Its great t
Treasury collaboration with congress is vital to the admission and we are working to make it that way. I look forward to answering your questions. Thank you, appreciate your comments at the Regulatory Reform and protection act and appreciate your encouragement that would move quickly. I appreciate your comments on Housing Finance reform, my highest priority in many. In the annual report last year, one recommendation was the regulators and Market Participants continue to take steps to encourage private capital to play a larger role in the Housing Finance system. I agree with that goal. Can you elaborate why it is important to play a larger role in what steps you believe we can take to further encourage . I believe in the importance of the 30 year mortgage. It is important to the economy and as we look at housing reform we need to look at fannie mae and freddie mac and the risks. Im openminded to Many Solutions and had some very productive conversations with several members of the commit