[captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any use of the closedcaptioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u. S. House of representatives. ] the speaker pro tempore the house will be in order. The chair lays before the house a communication from the speaker. The clerk the speakers room, 19, ngton, d. C. , november 2020. I hereby appoint the honorable to act as speaker pro tempore on this day. Signed, nancy pelosi, speaker of house of representatives. The speaker pro tempore pursuant to the order of the house of january 7, 2020, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. The chair will alternate recognition between the parties. With time equally allocated between parties and each member other than the majority and minority leaders and minority whip limi
Financial Services Subcommittee hearing on creating a federal pandemic Risk Insurance program. Even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves, and to admit themselves after they are finished speaking. Consistent with the regulation accompanying house rest 965, staff will only mute members and witnesses as appropriate. When not recognized to avoid any background noise. Members are reminded that all house rules relating to order and the corn to this remote hearing. History is entitled insuring against a pandemic, challenges and solutions for policyholders and insurers. And i now recognize myself for three minutes to give an opening statement. According to the Congressional Research service, 110 Million People worldwide could enter a state of extreme poverty due to the Global Economic contraction, and here in the United States 657 Million People have filed for Unemployment Insurance since march of this
To declarer can rise a recess of the subcommittee at any time. Without objection members of the full committee not on the subcommittee are authorized participate in todays hearing. Members are reminded to keep their video function on at all times, even when they are not recognized by the chair. Thatrs are also reminded they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying House Resolution 965, we will only mute members and witnesses as appropriate. When not recognized for to avoid inadvertent background noise. Members are reminded that our house rules relating to the order and the decorum of the desk decorum applied to this remote hearing. This hearing is entitled insuring against a pandemic challenges and solutions for , policyholders and insurers. I now recognize myself for three minutes to begin with an opening statement. According to the Congressional Research service, 110 Millio
And throwing a little excitement into the game. Bonds are higher. That supports the bigger decline we had for the s p 500 earlier. At this point again we are seeing for bonds, the decline in yields probably more outsized than the pullback we have for stocks. Perhaps there is some volatility, but not today. One place there was movement was in Prescription Drug sales. Amazon has decided they will come to that business. Higher on then news they are opening an Online Pharmacy where they will sell drugs on a digital basis. Discounts to prime members. On this you have the likes of sourcelgreens, amyris from anything involved in the drugstore supply chain down in a is way as the commerce giant getting into the business. This has been thought it would happen for a while, but now that it is here come easy the big selling pressure in the health care chains. Amazon off the highs but in a hohum day is up. 7 . David thanks to Abigail Doolittle for that report on the markets. The ceos of facebook an
Themselves after they are finished speaking. Consistent with the regulations house resinac 965, staff will mt members and witnesses after the process. Tewe are not recognizing background noises. Orr and decorum apply to this remote hearing. His hearing is entitled ensurin against a pandemic colin challenges a solutions for policyholdersle and insures. I w recognizeyself for three minutes to give an opening statement. According to theongressional Retail Service 1 million peop could enter a sta of extreme poverty due to the Global Economic contraction a here in the United States 67 mlion people have filed for unemployment insance since march of this year or the harmful eects of ts pandemic on the stability of sml sinesses like restaurants nnot be overstated. They have been obliterated. Dozens of restaurants in my home strict and ms. And st. Louis have closed in wh them the vendors who sell the farmers are owing the food truck driver Storage Facility facilities and entire suppl chains are