Ukraine, Disaster Relief, and money to secure the southern border. Kevin mccarthy and his Republican Congress have not been on board with this request but yesterday we saw Senate Minority leader Mitch Mcconnell, a Top Republican in the senate, back this, and this is backed by Senate Democrats so we have a unified senate in favor of this request and in favor of not shutting down the government at the end of september, a different story. Host first of all, ukraine spending, why is it part of the package . Guest the white house wants to give more assistance to ukraine in the spending battle. There have been restraints on how much you can raise money in defense spending so another avenue, more aid to ukraine military, economic, a supplemental request and that is one way democrats and the white house and Many Senate Republicans and more mainstream republicans want to do this but it is crucial in the house to get action with the Freedom Caucus type republicans who say we should not be sendin
This meeting comes to order and this chair is authorized to call recess at any time. This is called two days after the 4th anniversary of the doddfrank wall street reform and Consumer Protection act and we will examine its impact on the Capital Market and the economy. And i recognize myself for four and a half minutes for an opening statement. Doddfrank has been based upon a false premise that deregulation or lack of regulation led us into the crisis. However, in the decade leading up to the crisis, studies have shown that the Regulatory Burden on the financial industry increased. There were few industries that were more highly regulated. The list could go on. We here a lot about wall street greed and i could not agree more. I am curious at what point was there not greed on wall street. I am wondering how that could be the determining factor. I do know Affordable Housing goals of fannie and freddie on stero steroids helped mandate Financial Institutions into loaning money to people to
Their product. Removing this is detrimental to Rural Communities like i represent in washingtest virgin. I will continue to work with the chairman, and i yield back. Chair now recognizes the gen gentlelady from new york. Welcome to chairman frank. We miss you and it is great to see you. This legislation bears your name and was the most sweeping overhaul of Financial Regulation since the great depression. When the Investment Company act of 1940 was passed it was called at the time and i quote the most intrusive financial legislation known to man or beast. That is now the cornerstone of the large and thriving u. S. Mutual fund industry. It is important to remember the postdepression financial form took a long time the implement. The security act was important in 1933 but it wasnt adopted until 1948. 15 years after the 33 act was performed. It requires flexibility on the part of the regulators, industry and congress. I look forward to our Witnesses Today and will respond by saying when pr
What we do know that President Trumps approval numbers are going down as cases spike in 25 states. Deaths surging in 19 states. That may partially explain the apparent uturn by the president tweeting a picture of himself wearing a mask thats after a month of downplaying the use saying it looks unpresident ial. Mocking joe biden for wearing a mask. Lets begin with cnns john harwood at the white house for more on the briefing. If you dont have the experts will this be part political, part Health Related . What should we expect . Well, certainly it will be substantially political if there are no experts there. And it would be dangerous for President Trump because the more he talks uninterrupted himself about this issue, the worse he hurts himself politically. Thats why even though right now we dont expect that Coronavirus Task forces, debby birx or Anthony Fauci will be there, i suspect by the time we get to 5 00, aides will persuade him that someone with authority on Public Health issues
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