Secretary Steven Mnuchin on the u. S. Economy and Financial Stability. He talks about Digital Currency, World Bank Lending at the potential impact of Climate Change. Ready to go . The committee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations regular approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 p. M. Per the request of the secretary. I now recognize myself for four minister give an opening statement. So let me welcome back secretary mnuchin. Today we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As ive said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following that te dereg
Stability. I want to inform all concerned that this meeting will end at 1 00 per the request of the p. M. Secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchen. Today, we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As i have said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following the deregulatory blueprint that the Treasury Department, under secretary mnuchens leadership, has mapped out point by point and rolling back many of the Critical Reforms democrats made to prevent another financial crisis. If these rollbacks continue, there will be grave consequences for Financial Stability in our economy. The 2008 financial crisis was devastating for our nation. 11 million americans lost their hom
Dick clark and john culver. Berkeley would go on to represent iowas sixth Congressional District for six terms. From 1975 to 1987. And i presume he would have served a lot longer if his health had held out, even though he lived another 30 lets see, you add it up, about another 32 years after that. Although berkeley and i didnt share the same political points of view, we did share a common approach for representative government, meaning with dialogue and feedback that was very necessary from our iowans if we were going to represent them properly, and most often the forum for that was our respective town hall meetings. Throughout our Service Together in congress, party labels didnt displace our ability to work with and for iowans. As one example, during the farm crisis of the 1980s, which is much worse than this farm crisis we have right now, we used our voices to raise Public Awareness and steer help to struggling farm communities in our home state. We did Everything Possible to shape f
The president pro tempore the senate will come to order. The chaplain, dr. Black, will lead the senate in prayer. The chaplain let us pray. Majestic god, your name fills the earth. In spite of our challenges, you continue to rule with your love, wisdom, and power. Grant that our lawmakers may not forget the many dangers, toils, and snares that you have already brought our nation through. Lord, give our senators the wisdom to know that you continue to direct the steps of the faithful and that we have nothing to fear. Spirit of god, arise within our hearts and prepare us for the task of this day. Surprise us again with your ability to transform dark yesterdays into bright tomorrows doing for us more than we can ask or imagine. We pray in your great name. Amen. The president pro tempore please join me in reciting the pledge of allegiance 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
C the committee will come to order. Without objection, the chairs authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations deregulatory approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 00 p. M. Per the request of the secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchen. Today we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As i have said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following the deregulatory blueprint that the Treasury Department, under secretary mnuchens leadership, has mapped out point by point and rolling back many of the Critical Reforms democrats