The commit three come to order. F without objection, the chair is authorized to declare recess of the committee at any time. As a reminder to all member, we have a hardo stop at 1 30 p. M. Members who are iounable to ask their questions at Todays Hearing will be given priority at the next hearing with the secretary. Pursuant to house rules, the committee will continue to provide accommodations for members who request to participate in hearings be virtually, but i am very happy to have the vast majority of the members and our witness participating in personn here today. As a reminder, those who are not fully vaccinated must continue to wear Ara Mask in the Hearing Roomer and practice social distancing, but i would also like to encourage our members to continue wearing o masks if the Feel Morera comfortable doing s so members, we have a little bit of the problem with the timing apparatus here this morning. We canan see the timing here wh your five minutes are up. The witness can see her
Its own citizens . And this can go for any state. Whether its in michigan or whether its in New York or whether its in california. So i want to talk a little bit about a program in michigan here and youve expressed your strong support for down Payment Assistance as a means of increasing minority homeownership. Certainly an important goal for many of us. When i was in the State Legislature in michigan i was on the commerce committee. I worked on a number of issues at that time. Im happy to be on the subcommittee thats continuing to have that. But i have to say i was a little surprised to see that h. U. D. Announced recently that it would be pursuing rulemaking that would restrict f. H. A. Financing for these loans for this type of assistant. In michigan, the Housing Authority runs a successful program that provides michiganders 10,000 towards the purchase of their first home. Can you shed light on what h. U. D. Hopes to accomplish with this particular rule and can you assure me it wont
This is been been going visit show you cant afford to miss. Im Rachel Blevins in washington coming up to us, maybe the best in cyberspace. But how long will it be and hold trying to catches up and how will the Cybersecurity Battle play out . Worldwide . Plot housing prices skyrocket at their highest rate in over 30 years. What does it mean foR The growing bubble . And why isnt the federal reserve taking more action . The death of a mysterious Bitcoin Billionaire is raising question. Well take a look at the state of his fortune and how it could impact the crypto community. We have a lot to get to. So lets get started. The u. S. Is still the worlds dominant power when it comes to cyberspace, but china is catching up and could be on track to match washingtons capabilities within the next decade. Thats according to a new report from the international institute of strategic studies. It says in part why china is a 2nd tier cyber power right now, given its growing industrial based in digital
ThE U. S. Still relies heavily on china. Now, another country and all of this has been Russia And Weve heard from President Biden, that he would invoke the power of us cyber capability that he brought up when he met with russian President Putin earlier this month. Now biden claims thE U. S. Would respond to cyber attacks by carrying out attacks of its own. So is this the kind of world were moving into . Were instead of threatening to bomb another country, you know, threaten a cyber attack. Well, we have to be yes, i think it is to answer question, but i think is a dangerous thing that we have to think about because a country that is not as adept as ours, that controlling those kinds of events may react in a military option. And so we may go in there and take out some, you know, cyber related problem, but that country may not have the ability to attack back to us. And i mean, russia in that cyber related area and make, make it an actual physical military attack. And so we have to be car
A bath that causes so many different changes. Its stressful at many levels. Ah, the this is been been the one visit show you cant afford to miss. Im Rachel Blevins in washington, coming up to us, maybe the best in cyberspace, but how long will it be in full . China catches up and how will the Cybersecurity Battle play out worldwide . Plot housing prices skyrocket at their highest rate in over 30 years. What does it mean for the growing bubble . And why hasnt the federal reserve taking more action than the jets of a mysterious Coin Billionaire . Is raising question, well take a look at the state of his fortune and how it could impact the crypto community. We have a lot to get to. So lets get started. ThE U. S. Is still the worlds dominant power when it comes to cyberspace, but china is catching up and could be on track to match washingtons capabilities within the next decade. Thats according to a new report from the international institute of strategic studies. It says in part, while ch