[ gavel ] and i guess the the subcommittee will come to order. Without objection the chairs authorized to declare recess of the subcommittee at any time without objection. Members of the full committee not on the subcommittee authorized to participate in todays hearing. So long as they participate virtually and will be recognized after members of the subcommittee are recognized. Members who are participating via webex platform reminded to keep video function on at all times even if not recognized by the chair. Members participated by webex platform also reminded they are responsible for muting and unmuting themselves. And they should mute themselves both before and after the time that they are allotted. But in addition to that, consistent with regulations, the company and accompanies each res 965, staff will also be muting members when they are not recognized. Members are reminded that all house rules relating to order in decorum apply to this hybrid hearing. In addition, the chair inf
Captioning performed by vitac by those we regulate, and of course, by this committee and congress. Whether were making changes to the staffs longstanding review process for shareholder proposals, assessing the duties of Investment Advisers or considering how to strengthen company disclosures, we must be fair and transparent about the policy choices we make and the data and information on which we rely on making those choices. I thank the committee for its oversight of these important issues. And i stand ready to answer your questions and listen carefully to your thoughts and concerns. Thank you. Commissioner lee. Chairman clayton you are now recognized. And i want to echo the thoughts of my colleagues on the opportunity we have to testify today and note that their testimony demonstrates the wide range of issues that the Commission Deals with every day. I want to thank this committee for your support of the commission and in particular the dedicated women and men who are our most import
[inaudible conversations] [inaudible conversations] the Senate Committee on housing and urban affairs will come to order for days hearing his usual is in the hybrid format which is inperson with the witness. Mr. Claudio teen mr. Gensler its nice to see you. Welcome back chair gensler to this committee. Workers and their families dont measure the economy by the stock market and neither should we. Its why in the senate and the new Biden Administration we work to create an economy that delivers results for people who get there and comes from a paycheck not an investment portfolio. Raising wages and goodpaying jobs and lowering cost means fighting the corporate pricegouging is so often hurts consumers and the unfair labor practices. It means investing in American Manufacturing and workers and farmers who drive it and means making sure financial economy and our markets are stable. That includes going after companies that try to cheat the market. Chair gensler is doing that very well and it
[indistinct chatter] [indistinct chatter] the Senate Committee will come to order. Todays hearing, as usual, it is in the hybrid format. Witnesses are in person. The witness, mr. Gensler, nice to see you. Our witnesses are members have the option to appear in person or virtually. Welcome back, chair gensler, to this committee. Workers and their families do not measure the economy by the stock market. Neither should we. It is why in the senate and in the new biden administration, we work to create an economy that delivers results for people who get their incomes from a paycheck, not an investment portfolio, raising wages and good paying jobs and lowering costs means fighting the corporate price gouging that so often hurts consumers and the unfair labor practices that so often hurt workers. That means investing in the future of american manufacturers and the workers and farmers who drive it. It means making sure our financial watchdogs keep our economy and our markets stable. At the scc,
[inaudible conversations] [inaudible conversations] the Senate Committee on housing and urban affairs will come to order for days hearing his usual is in the hybrid format which is inperson with the witness. Mr. Claudio teen mr. Gensler its nice to see you. Welcome back chair gensler to this committee. Workers and their families dont measure the economy by the stock market and neither should we. Its why in the senate and the new Biden Administration we work to create an economy that delivers results for people who get there and comes from a paycheck not an investment portfolio. Raising wages and goodpaying jobs and lowering cost means fighting the corporate pricegouging is so often hurts consumers and the unfair labor practices. It means investing in American Manufacturing and workers and farmers who drive it and means making sure financial economy and our markets are stable. That includes going after companies that try to cheat the market. Chair gensler is doing that very well and it