Banking systems, the impact of covid19, and communities of color. This runs an hour and 45 minutes. Today we welcome the regulators, the comptroller of the currency, brian brooks. The federal deposit insurance corporation, jelena rodney hood. Since the passage of the coronavirus aid relief and Economic Security act or cares act of your agencies have taken many meaningful steps to mitigate the meaningful impact of the pandemic and provide conditions that will lead to a forceful recovery. On october 30, the Federal Reserve announced changes to its main Street Lending facility including decreasing the minimum loan size for priority loan facilities from 250,000 to 100,000, and allowing borrowers loan for theirpp outstanding debt. Your agency should continue to carefully review the regulatory and supervisory frameworks, adjusting where necessary to bolster Financial Institutions to support economic recovery, which, by the way, has shown positive signs over the past several months. On octobe
Minutes. This runs an hour and 45 minutes. Sen. Crapo today, we welcome the regulators, the comptroller of the currency, brian brooks. Chair of the federal deposit insurance corporation, Jelena Mcwilliams, and rodney hood. We will receive testimony from each agency on efforts and plans since you last testified before the committee. Since the passage of the coronavirus aid relief and Economic Security act, or cares act, your agencies have taken many meaningful steps to mitigate the Economic Impact of the pandemic and provide conditions that will lead to a forceful recovery. Lead to a forceful recovery. On october 30, the Federal Reserve announced changes to its main Street Lending facility on october 30, the Federal Reserve announced changes to its main Street Lending facility including decreasing the minimum loan size for priority loan facilities from 250,000 to 100,000, and allowing borrowers to deduct any ppp loan for their outstanding debt. Loan for their ppp outstanding debt. Your
Continue to will investigate each and every instance of illegal voting. Double voting, phelan voting, people voting outofstate. Outofstate. I want to remind members of a few matters, some of them required by the regulations accompanying House Resolution 965, which established the framework for Remote Committee proceedings. First, members are reminded to on atheir video functions all times, even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they have finished speaking. Staff have been instructed not to mute members except when a member is not being recognized and there is inadvertent background noise. Members are further reminded that they may only attend one remote hearing at a time. If you are participating today, please remain with us during the hearing. Members should try to avoid coming in and out of the hearings. Particularly during the questions. If during the hearing
Science literature but what im most interested in is, number one, how to help policymakers to make the decisions about Technology Policy and so that involves understanding the details of our Computer Systems and Network Systems work. And probably more importantly im really interested in how to give all our Computing Technology so that its more responsive to Public Policy needs. Ive been able to do that because ive worked with and continue to work with an Extraordinary Group of computer scientists and other researchers at mit and around the world. Host can you give one example of how you influenced policy . Guest the people are probably well aware as an example that theres a big debate about the use of Encryption Technology. We need encryption to protect our email exchanges, our financial transactions, political speech that goes on, we hope privately online when it needs to. Governments for decades have been concerned that the use of strong Encryption Technology would swarm the ability
Extraordinary group of computer scientists and my research in all that time has always been in the Computer Science literature but what im most interested in is number one how to help policymakers to make good decisions about Technology Policy and involves understanding the details of how Computer Systems and Network Systems work and probably more important they i am interested in how to evolve our Computing Technology so that its more responsive to Public Policy needs. Ive been able to do that because ive worked with and continue to work with an Extraordinary Group of computer scientists and other researchers at mit and around the world. Host can you give one example of how you influence policy . Guest people are probably well aware as an example that there is a big debate about the use of Encryption Technology and we need encryption to protect our email exchanges, our financial transactions, political speech that goes on we hope privately online when it needs to end government for de