Eastern on cspan. Find it also at cspan. Org. Well leave now. The house is coming back in for several votes. [captions Copyright National cable satellite corp. 2018] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] the vote on the passage of h. R. 1153 on which the yeas and nays are ordered. The clerk will report the title of the bill. The clerk Union Calendar number 387, h. R. 1153, a bill to amend the truth in lending act to improve upon the definitions and fees in points connection with a mortgage transaction. The speaker pro tempore the question is on passage of the bill. Members will record their votes by electronic device. This is a 15minute vote. Connection [captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any use of the closedcaptioned coverage of the house proceedings for political or commercial purposes i
Federal government and related agency until march 23rd, live house the floor of the here on cspan. The speaker pro tempore the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. We give you thanks, o god, for giving us another day. Bless the members of the Minority Party as they prepare may her these next days, they with those who accompany them, travel safely and meet in peace. Bless also the Majority Party as they may to their those return constituencies, give them hearts and ears to listen. To listen well to all those whom they represent. May the work that needs to be done to their presently result progress toward addressing the needs of the nation to the benefit of all. May all that is done this day be for your greater honor and lrry glory, amen. The speaker pro tempore the chair has examined the journal of the last days proceedings and announces to the house his approval thereof. Pursuant to clause 1 of rule 1, the journ
The committee will come to order. The chair is authorized to declare a recess of the committee at any time. Members will have five legislative days to submit extraneous materials for the record. This is the purpose of receiving the semiannual testimony of the chair of the board of governors of the Federal Reserve system on Monetary Policy on the estate on the state of the economy. Recognize myself for an opening statement. Since we last convened on Monetary Policy, there have been encouraging economic headlines. Onfidence is up unemployment remains low, as does inflation. But it rests too much on incredibly low participation payment high disability participation rights. Both paychecks and savings for working Americans Still have room to grow after eight years of distortionary Economic Policy under the Previous Administration. On the fiscal front, help is on the way. House republicans have passed the American Health care act to lifted the burden of obamacare on our economy and the finan
Her term ands in february. Inwhen her term ends february. The committee will come to order. The chair is authorized to declare a recess of the committee at any time. Members will have five legislative days to submit extraneous materials for the record. This is the purpose of receiving the semiannual testimony of the chair of the board of governors of the Federal Reserve system on Monetary Policy on the estate on the state of the economy. Recognize myself for an opening statement. Since we last convened on Monetary Policy, there have been encouraging economic headlines. Onfidence is up unemployment remains low, as does inflation. But it rests too much on incredibly low participation payment high disability participation rights. Both paychecks and savings for working Americans Still have room to grow after eight years of distortionary Economic Policy under the Previous Administration. On the fiscal front, help is on the way. House republicans have passed the American Health care act to l
The committee will come to order. Without objection, the chair is authorized to declare a recess in the committee at any time. This hearing is entitled semiannual testimony on the Federal Reserve supervision and regulation of Financial System. I now recognize myself for three minutes to give an opening statement. As we all know the dodd frank act vastly increased the powers of the fed way beyond has traditional Monetary Policy responsibilities. The act has made the fed omnipotent but cannot make it omniscient. No act can. Through the exercise of socalled heightened prudential standards the fed can control the largest Financial Institutions in our economy. Former fed governor kevin warsh recently wrote Central Bank Power is permissible in a democracy only when its scope limited, its track record strong and accountable assured. None of that do we observe today. Where his feds omnipotents has taken us . The big banks are bigger, Economic Growth lags and theres scant evidence our economy i