good afternoon, chairman nelson, ranking member collins and members of the committee. i appreciate the opportunity to appear before you on behalf of the federal trade commission to discuss the commission s role in combating telemarketing fraud. as we have heard the jish inflicted by fraud is well-known. the harm is not just economic but emotional as well. to tackle phone fraud, the ftc uses law enforcement with close coordinate with federal and international counterparts, education and outreach and an initiative to spur technological innovation to develop tools that help consumers avoid unwanted calls and also help law enforcers to track down the frauds. first law enforcement and with a focus on imposter scams. each of us seeks out and relies upon trusted sources. that s the very thing scammers use and twist. whether they pretend to be from the government, a family member or hide behind a recognizable corporate name. impersonating someone trusted is more than a door opener.
general keith alexander, until recently, the head of nsa and of cyber command at the pentagon, has characterized the cyber theft of american intellectual property as i ll quote the greatest transfer of wealth until history. and of course, we re on the losing end of it. but no estimate can fully capture the real impact of trade secret theft. when other countries and foreign businesses steal our trade secrets, they are stealing our ideas. they are stealing our innovation. most importantly, they are stealing our jobs. in my own state of rhode island, we continue to face unexpectedly high unemployment despite having some of the most innovative businesses in the country. if we do not protect our businesses, we are letting that innovation go to waste and we are letting american jobs go overseas. in the past, some companies were reluctant to talk about this issue because no one likes to admit that they have been victimized. but many are not coming forward to speak out because they r
and he is really taking that approach now, which is i am going to reduce the credit list held by the gsc is, but i m not necessarily going to pull myself out of the market and allow private-label capital directly participate in the securitization of investor process. it is that is a change, it may be that there doesn t seem to be a lot of private market interest participating in this old way. and even the sheer size and scale, some are saying that there could be enough capital out there to do it. and this is kind of like them acting like a market maker and the goal is to reduce this through the process. on this point, a few years ago there was an assumption that private-label comeback quickly and that at some point down the road congress would perhaps more easily than what would be the case, advance a partisan legislation in the senate banking committee look like it s going to pass the bill this week, but not with as much majority to propel it through the senate this year
vote: the presiding officer: anyone else looking to vote or change their votes? anyone else seeking to vote or change their votes? if not, then the ayes are 59 and the nays are 35. the motion is agreed to. cloture having been invoked, the clerk will report the nomination. the clerk: douglas l. rayes of arizona to be u.s. district judge for the district of arizona. the presiding officer: under the previous order, there will now be two minutes of debate equally divided. a senator: yield back. the presiding officer: without objection, all time is yielded back. the clerk will report the motion to invoke cloture. the clerk: cloture motion. we, the undersigned senators, in accordance with the provisions of rule 22 of the standing rules of the senate, hereby move to bring to a close the debate on the nomination of james alan soto of arizona to be united states district judge for the district of arizona. signed by 17 senators. the presiding officer: by unanimous consent, the mand
culling the upcoming elections in syria a farce. while stopping short of offering u.s. military aid. kerry said he and partners remain committed to, quote, changing the dynamics on the ground in syria. neither kerry or william hague offered many specifics. here s more with what sect kerr secretary kerry said at the news conference with william hague. ask yourself, how do you have a legitimate election when half the people in your country are displaced and not able to vote? how do you have a legitimate election when another several million people are in refugee camps, unable to vote? how do you have it when hundreds of thousands of people-literally, almost a million perhaps, are scattered in various countries in the region, seeking safety from assad. it s just impossible to believe that under those circumstances, where people are hunkered down in homes, intimidated and afraid to be able to come out, afraid of being forced to do one vote or another, just have no climate, no