From the honorable randal quarles, Federal Reserve vice chairman for supervision; the honorable jelena mcwilliams, chairman of the fdic; and the honorable rodney hood, chairman of the ncua. Welcome to all of you. This hearing provides the committee an opportunity to examine the current state of and recent activities related to the regulatory and supervisory activities of these agencies. It has been over a year now since the enactment of s. 2155, the Economic Growth, regulatory relief and Consumer Protection act, and the work of the agencies to implement most of the laws provisions, including the tailoring rules for u. S. Banks and u. S. Operations of foreign banks. Your agencies should also carefully review the existing supervisory frameworks and make any necessary adjustments to appropriately align them with the tailoring rules and requirements. On july 30, 2019, all of the Republican Banking Committee members and i sent a letter to the federal banking regulators urging your agencies
President trump, live, unfiltered coverage, on cspan 2, on demand at cspan. Org impeachment. Listen with the free cspan radio app. Next, testimony from financial regulators on oversight and other issues, including Digital Currency, banking liquidity rules and the impact Climate Change could have on the financial industry. Held by the Senate Banking committee, this is an hour and 40 minutes. The committee will come to order. Today, we will receive testimony from the honorable randall quarrels, the honorable mcwilliams, chairman of the fdic and the honorable rodney hood, chairman of the ncua. Welcome to all of you. This hearing provides the committee of supervisory activities of these agencies. Its been over a year now since the Economic Growth regulatory relief and Consumer Protection act and the work of the agencies to implement most of the provisions, including the tailoring rules for u. S. Banks and foreign banks. Your agency should also carefully review the supervisory frameworks an
Test. Test. Test. Captioning performed by vitac might be more rapidly adopted in emerging markets for a variety of reasons. Maybe the same way as emerging markets jumped over landlines to cell phones. But that we would, however, sense the focus on stable coins, there are a lot of issues, some of them technological, some of them having to do with monetary policy, some of them having to do with other types of regulatory policy that would have to be worked through, international coordination. Were at early stages in there in part because up until this summer it was an assessment that it was not a high priority for the United States and most advanced financial economies shared that view. Its something that is obviously and heres my concern. I appreciate that its in its initial stages but i dont think its something we can assume that nothing is going to happen with. We at least have to put resources to start behind it, to start looking and addressing this. Thats what im hearing youre doing.
Leadership and the command master sargeants of the various units that are based at fort campbell, kentucky. We found that already the ability to train, the ability to retain, the ability to act with the kind of proficiency which is necessary in todays world is already being seriously degraded. So i ask my colleagues in working with senator sessions and this will be a sessions amendment to consider at least this amendment to the National Defense authorization act so that we can at least soften the blow to some degree of sequestration. Senator Lamar Alexander and i were taken by the patriotism and the hard work and the quality of the men and women who are serving our nation in the United States army at fort campbell, kentucky. Senator alexander and i were both deeply alarmed at the fact that these people are literally having to budget and operate on a monthtomonth basis. They are not able to sustain the level of readiness and capability this nation needs at this period of time so i urge
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