Banking systems, the impact of covid19, and communities of color. This runs an hour and 45 minutes. Today we welcome the regulators, the comptroller of the currency, brian brooks. The federal deposit insurance corporation, jelena rodney hood. Since the passage of the coronavirus aid relief and Economic Security act or cares act of your agencies have taken many meaningful steps to mitigate the meaningful impact of the pandemic and provide conditions that will lead to a forceful recovery. On october 30, the Federal Reserve announced changes to its main Street Lending facility including decreasing the minimum loan size for priority loan facilities from 250,000 to 100,000, and allowing borrowers loan for theirpp outstanding debt. Your agency should continue to carefully review the regulatory and supervisory frameworks, adjusting where necessary to bolster Financial Institutions to support economic recovery, which, by the way, has shown positive signs over the past several months. On octobe
Minutes. This runs an hour and 45 minutes. Sen. Crapo today, we welcome the regulators, the comptroller of the currency, brian brooks. Chair of the federal deposit insurance corporation, Jelena Mcwilliams, and rodney hood. We will receive testimony from each agency on efforts and plans since you last testified before the committee. Since the passage of the coronavirus aid relief and Economic Security act, or cares act, your agencies have taken many meaningful steps to mitigate the Economic Impact of the pandemic and provide conditions that will lead to a forceful recovery. Lead to a forceful recovery. On october 30, the Federal Reserve announced changes to its main Street Lending facility on october 30, the Federal Reserve announced changes to its main Street Lending facility including decreasing the minimum loan size for priority loan facilities from 250,000 to 100,000, and allowing borrowers to deduct any ppp loan for their outstanding debt. Loan for their ppp outstanding debt. Your
Continue to will investigate each and every instance of illegal voting. Double voting, phelan voting, people voting outofstate. Outofstate. I want to remind members of a few matters, some of them required by the regulations accompanying House Resolution 965, which established the framework for Remote Committee proceedings. First, members are reminded to on atheir video functions all times, even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they have finished speaking. Staff have been instructed not to mute members except when a member is not being recognized and there is inadvertent background noise. Members are further reminded that they may only attend one remote hearing at a time. If you are participating today, please remain with us during the hearing. Members should try to avoid coming in and out of the hearings. Particularly during the questions. If during the hearing
You are in for a real treat. I am so excited to host this debate. Its pretty rare to have an ideological debate about these things. I certainly think that is a conservatives we benefit when we understand the other sides perspective. Are not shooting down the others issues on this. We have with us steve moore he was a trusted advisor to president donald trump. At the Heritage Foundation and a colleague at the wall street journal. We also have Bhaskar Sunkara the editor of the jacobin. Is called the socialist manifesto. The format were going to have the make opening statements. I asked a couple of questions and we will take questions from the audience. As youre listening write down what you want answered and we will get some of those in and the do a closing statement. So lets have steve moore kicked off. Thank you and by the way Jillian Melchior just got back from hong kong. My first proposals how we give the Nobel Peace Prize to those Freedom Fighters in hong kong . Second of all, i wan
Issues on this. We have with us steve moore he was a trusted advisor to president donald trump. At the Heritage Foundation and a colleague at the wall street journal. We also have Bhaskar Sunkara the editor of the jacobin. Is called the socialist manifesto. The format were going to have the make opening statements. I asked a couple of questions and we will take questions from the audience. As youre listening write down what you want answered and we will get some of those in and the do a closing statement. So lets have steve moore kicked off. Thank you and by the way Jillian Melchior just got back from hong kong. My first proposals how we give the Nobel Peace Prize to those Freedom Fighters in hong kong . Second of all, i want to do a shout out to jennifer and rick. This is an awesome conference. I was here 15 years ago. This is an amazing conference. Thank you for bringing me out. I think ive done this for five times. And i always had a great time. Who knew there were so many deplorabl