[inaudible conversations] larry metz remarks from treasury secretary jack lew. Hes expected to discuss Lessons Learned in these distinctions on international inc. To tease. Hes speaking at the Carnegie Endowment for International Peace did we expect this to start in just a moment life here he spent two. Cspan2. It is a great pleasure to welcome all of you here this morning. A special pleasure to welcome my friend and colleague, secretary of the treasury, jack lew. But the open above the market that promise to make the introductions very worried the distinguished career and all of you know what an enormous mark is made on our country. Im not even referring to the idiosyncratic signature on the dollar bill. A handful of people who have served including a series of important jobs that the department is in a common management and budget and not treasury. Only a person of extraordinary conviction, integrity and it is only secretariat jack lew can coop attended this year. During our time tog
Bennet. Lord, we praise you for his diligence, integrity, intellect, and courage for he has left exemplary footprints for us to follow. Be with his beloved widow, joyce, comforting her and his loved ones and friends in their grief. Lord, we also remember Sergeant Christopher eni, officer jacob chestnut, detective john gibson, and Sergeant Clinton holtz, u. S. Capitol police who gave the last full measure of devotion. Remind us that earth has no sorrow that heaven cannot heal. Today give our lawmakers the singularity of heart to seek, find, and follow your will so that their legacy will also be exemplary. We pray in your merciful name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Mcconnell mr. President . The presiding officer the majority leader. Mr. Mcconnel
Said hearing will come to order. We will hear testimony on the nomination to read the undersecretary of the treasury and if confirmed would be the third undersecretary of the treasury with the responsibility for the office of tourism and Financial Intelligence the undersecretary reports directly to the secretary. This is responsible for executing for moneylaundering while overseeing enforcement of the constantly evolving sanctions program. Also receiving regulatory and enforcement opportunities such as the office of terrorism in Financial Crimes for foreign assets to control the office of intelligence and announce analysis and the Financial Crimes enforcement network. Mr. Szubin comes over 14 years of government experience. With the recent deal that is considered here in the senate. And to help assemble with the architecture gives the worlds leading state sponsor terrorism. Given the context it is important and timely. I appreciate your willingness to allow the nominee the acting treas
Xray imaging of the containers, whether it is high, medium, or low energy, it still takes human intervention to analyze the results of that scam. So you have a radiation portal monitor that is a very ineffective and passive system and will tell you if there is a source emanating from the container of concern. You then need to take it the 2nd step to have the Xray Technology see what is inside. Most countries in the world use a risk approach like we do and only inspect those highest of concern through xray systems. Okay. What percentage are inspected after they get here . A little bit over 1 . And when it hits the us port. Its about 2. 7 percent on top of the 1 percent. The next 2. 6 or 7 percent is the next level down . Yes, sir. Examined that whatever seaport they come into. A lot of that depends on shipping patterns and where they are arriving from and where they are coming into. They should be focused on the ports that have more of a greater likelihood of finding that type of device
Enforcement, technology, and intelligence to detect, deter, and interdict potential threats. Treaties and agreements with foreign governments to conduct corporate enforcement efforts at force overseas. The last five years to successfully enter for attempts by criminal gangs with suspected russian ties. We can talk about that either in this panel on the next. The successful disruption of the sale was a positive result, however the desire to obtain materials for a dirty bomb or the extreme materials for Nuclear Weapons are growing. Due to the the iranian deal, no matter what you think about it one way or the other and the reaction that the other middle Eastern Countries will have to iran having at their facilities, there will be more Nuclear Material out of the market which is just the way that it will be going forward. You will have more countries with more Nuclear Capability then we have probably ever seen in the world. Thats one of the reasons we will start this series of hearings up