[inaudible conversations] good morning, everyone. Good morning. Our team is here. The subcommittee on Capital Markets and gics will be hereby called to order. Todays hearing is entitled continued oversight of the secs offices and divisions. Without objection the chair authorizes a recess of the subcommittee at any time and also without objection, members of the Financial Service committee who are not members of the subcommittee may still set and participate in todays hearing. At this point i will now recognize myself for three minutes for an opening statement. So today the Sub Committee will continue efforts to conduct vigorous oversight of the ics sec and the individual offices that make up the sec. The last years are subcommittee has heard testimony from directors of trading and market, corporations by its enforcement and Investment Management division of the sec. These hearings have allowed us to take a thorough look at the agencys operations, rulemaking agenda, enforcement practice
Know, the holy grail of i. T. Used to be four ts which still allows you time to update your systems, take them down if you need to, but you cant take down a water pump to update or patch the latest, you cant take down the water pump thats feeding the washington area, so it makes it very hard to align the needs of i. T. And opt t. , and that creates o. T. And that creates gaps that people looking to create nuisance can exploit. In the nearterm, mediumterm, the first thing is that nist met your name in report, Matt Skolnick to come up with a definition in a good way, yes. Any to come up with a dolby the definition for this government. The reports go to the president and recommendations have to be at the president ial level and actionable for the president. Its not going to be director private sector. It would what can the government do in certain areas. The first one was that nist should find for the u. S. Government what iot is. Its likely to be probably the last definition but least a
That is not yet entirely politicized. In this polarized World Without the shock i noted people in the city but the most comprehensive Early Childhood Education Program in america is in oklahoma which is a deep red state so thats something we could do. Theres smaller things that we could do like mentoring for kids, and they dont mean drop by mentoring. The crucial thing but mentoring you know this is not have lunch once a year and say how are things going. You got to be in their lives supporting them, providing them with, helping provide them with these airbags and so on which i know you are doing and that would make a big difference. Frankly as i say in the book, the fact that School Boards without even thinking about the consequences have instituted a aaa for what was once everybody in america thought it was part of what you got when you got a public second education, he also got his soft skills for football, bank and course and zone. Go to your school board and ask if you pay to dela
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