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May 22, 2024
05/24
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mchenry. mr. mchenry: mr. chairman, i ask that -- i yield myself as much time as i may consume. the chair: the gentleman is recognized. mr. mchenry: today congress will establish a new high water mark for digital asset policy. to be clear, this joint effort between the financial services committee and the agriculture committee did not come together overnight. far from it. we formed subcommittees, convened working groups, heard from countless stakeholders and received input from members across the ideological spectrum in the house of representatives. last july, we passed the bipartisan financial innovation and technology for the 21st century act out of our respective committees. each step in this process has created a new high water mark. the next step will be a broad bipartisan vote today to finally provide the robust consumer protections and clear regulatory framework established by this bill. fit 21 will submit the united states global leadership in technological innovation, invention and ad
mchenry. mr. mchenry: mr. chairman, i ask that -- i yield myself as much time as i may consume. the chair: the gentleman is recognized. mr. mchenry: today congress will establish a new high water mark for digital asset policy. to be clear, this joint effort between the financial services committee and the agriculture committee did not come together overnight. far from it. we formed subcommittees, convened working groups, heard from countless stakeholders and received input from members across...
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May 8, 2024
05/24
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mchenry, seek recognition? mr. mchenry: i call up h.j. recent 109 and ask for its immediate consideration in the house. the speaker pro tempore: the clerk will report the title of the joint resolution. the clerk: union calendar number 398, house joint resolution 109, joint resolution providing for congressional disapproval under chapter 8 title 5 of the united states code of the rules submitted by the securities and exchange commission related to staff accounting bulletin number 121. the speaker pro tempore: pursuan t to the house resolution 1194, the joint resolution is considered read. the joint resolution shall be debatable for one hour, equally divided and controlled by the chair and ranking minority member on the committee on financial services or their respective designees. the gentleman from north carolina, mr. mchenry, and the gentlewoman from california, ms0 minutes. the chair recognizes the gentleman from north carolina, mr. mchenry. mr. mchenry: i ask all members have five legislative days in which to revise and extend their re
mchenry, seek recognition? mr. mchenry: i call up h.j. recent 109 and ask for its immediate consideration in the house. the speaker pro tempore: the clerk will report the title of the joint resolution. the clerk: union calendar number 398, house joint resolution 109, joint resolution providing for congressional disapproval under chapter 8 title 5 of the united states code of the rules submitted by the securities and exchange commission related to staff accounting bulletin number 121. the...
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May 15, 2024
05/24
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mchenry: without objection. mr. huizenga: that person was arlise upton-key while you were vice chairman at the time and recently you just named an fdic chairman's award for operational excellence after ms. key, upton-key. so you named an award after the same woman who you screamed at and the same woman who accused of withholding information for being disloyal to you. sir, i certainly hope this isn't some sick ruse to buy her silence. and i'm going to use your own opening statement to close mine. on page two, well, page two, you said, this misconduct first surfaced last year. that's simply not true. this had been out there as rumors and innuendo and many other complaints. but you also say you regret not having identified deeper cultural issues at fdic sooner. sir, you created the culture. you created the culture there. and you are the wrong person for the job. and you finish on page three going on to paining four, the three -- page four, the three core elements of your action plan outlined. provide one more support f
mchenry: without objection. mr. huizenga: that person was arlise upton-key while you were vice chairman at the time and recently you just named an fdic chairman's award for operational excellence after ms. key, upton-key. so you named an award after the same woman who you screamed at and the same woman who accused of withholding information for being disloyal to you. sir, i certainly hope this isn't some sick ruse to buy her silence. and i'm going to use your own opening statement to close...
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May 21, 2024
05/24
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mchenry and mr. foster will control 20 minutes. the chair recognizes the gentleman from north carolina. mr. mchenry: i ask unanimous consent all members from five legislative days in which to revise and extend their remarks and include extraneous materials on the bill. the speaker pro tempore: without objection. mr. mchenry: i yield myself as much time as i may consume. and i rise in support of h.r. 1097, a bill that will reward the congressional gold medal to everett alvarez jr. madam speaker, the congressional gold medal is considered the highest civilian honor awarded in the united states. in the 248 years since the continental congress issued the first one to george washington in 1776, only 184 have been awarded. that's fewer than one per year. so the distinction of awarding such an honor should not be lost on this 118th congress. madam speaker, i cannot think of someone more deserving of such recognition than retired united states navy commander alvarez. as a boy growing up in salinas, california, alvarez marveled at the naval
mchenry and mr. foster will control 20 minutes. the chair recognizes the gentleman from north carolina. mr. mchenry: i ask unanimous consent all members from five legislative days in which to revise and extend their remarks and include extraneous materials on the bill. the speaker pro tempore: without objection. mr. mchenry: i yield myself as much time as i may consume. and i rise in support of h.r. 1097, a bill that will reward the congressional gold medal to everett alvarez jr. madam speaker,...
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May 23, 2024
05/24
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mchenry: mr. speaker, i ask unanimous consent that all members may have five legislative days within which to revise and extend their remarks and submit extraneous material on the bill, h.r. 5403. the speaker pro tempore: without objection. pursuant to house resolution 1243 and rule 18, the chair declares the house in the committee of the whole house on the state of the union for the consideration of h.r. 5403, the chair appoints the gentleman from louisiana, mr. higgins, to preside over the committee of the whole. the chair: the house is in the committee of the whole house on the state of the union for the consideration of h.r. 5403, which the clerk will report by title. the clerk: a bill to amend the federal reserve act to prohibit the federal reserve banks from offering certain products or services directly to an individual to prohibit the use of central bank digital currency for monetary policy, and for other purposes. the chair: pursuant to the rule, the bill is considered as read the first t
mchenry: mr. speaker, i ask unanimous consent that all members may have five legislative days within which to revise and extend their remarks and submit extraneous material on the bill, h.r. 5403. the speaker pro tempore: without objection. pursuant to house resolution 1243 and rule 18, the chair declares the house in the committee of the whole house on the state of the union for the consideration of h.r. 5403, the chair appoints the gentleman from louisiana, mr. higgins, to preside over the...
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May 9, 2024
05/24
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i said to somebody with another billion, they could get the berryessa mchenry says. if nothing else, he'd like outside experts brought in. there's people who can tell us, will this be obsolete by the time it's finished? you know, with with the things that are happening in technology, the fact that driverless automobiles, driverless busses there is a whole number of things way beyond them. you know, my ability to, to predict it. but there are people we can get and we should. the vta ceo and general manager says she welcomes any feedback or criticism, but to insinuate that vta cannot build a project if you look at most projects within this county, vta has built them on time and on budget. i mean, the first phase of the bart extension was built $100 million under budget, over 5% under budget. the vta ceo also says she doesn't believe the critics speak for the federal agency who will fund the project or the public. i don't necessarily believe that the voters voted three times to have their sales taxes go to a bus centric or light rail system to serve passenger rail aroun
i said to somebody with another billion, they could get the berryessa mchenry says. if nothing else, he'd like outside experts brought in. there's people who can tell us, will this be obsolete by the time it's finished? you know, with with the things that are happening in technology, the fact that driverless automobiles, driverless busses there is a whole number of things way beyond them. you know, my ability to, to predict it. but there are people we can get and we should. the vta ceo and...
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May 22, 2024
05/24
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mchenry of north carolina. so my friend from utah, i want to say those are some of the highlights today that i think show that on a bipartisan basis that republicans are leading in technology in this house. and with that, let me yield back to my friend for a moment so i can get a drink of water and then i have a couple more things i'll say and then i'll yield back to the gentleman. mr. moore: we're here for you, sir. i will echo the comments on much of the financial services packages that we're putting on the floor this week. but your comments this is a big deal, i would hope that folks could recognize we're at a time where it's unknown, there are no rules in place for this innovation that's taking place in the financial market, and it has to be. it's good for every american and it's good for our economy and good for our industries to have that structure and we're putting that forward today. the big deal about this is that this is something that should pass as soon as it goes over to the senate. it has got stro
mchenry of north carolina. so my friend from utah, i want to say those are some of the highlights today that i think show that on a bipartisan basis that republicans are leading in technology in this house. and with that, let me yield back to my friend for a moment so i can get a drink of water and then i have a couple more things i'll say and then i'll yield back to the gentleman. mr. moore: we're here for you, sir. i will echo the comments on much of the financial services packages that we're...
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May 9, 2024
05/24
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with an op-ed he wrote with prominent developer lieu wolf, mchenry is saying it might be a good idea for the agency in charge to cut their losses. santa clara county chose not to be part of the bart system when it was started in the 70s. that's all changed now. bart and the vta, the county valley transportation
with an op-ed he wrote with prominent developer lieu wolf, mchenry is saying it might be a good idea for the agency in charge to cut their losses. santa clara county chose not to be part of the bart system when it was started in the 70s. that's all changed now. bart and the vta, the county valley transportation
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May 9, 2024
05/24
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mayor mchenry was mayor back in 1983 to 1991, really popular in many communities. he says he once supported the bart project, but now doubts the vta can handle it. instead, he'd like to see the project completed with the bus system instead, a proposal the vta opposes. he also wants to see outside experts come in and review the progress. the other day, nassau came out and their latest mission to mars is going to cost $11 billion. i said to somebody with another billion, they could get the berryessa to insinuate that vta cannot build a project. if you look at most projects within this county, vta has built them on time and on budget. i mean, the first phase of the bart extension was built $100 million under budget, over 5% under budget. and back and forth they go, even though funding is still being sorted out, vta plans to break ground on the five mile underground tunneling in mid june. well, this is fun. sharks fans were jumping, literally jumping out of their seats when the team won the nhl lottery last night. this is all especially meaningful for the warriors head
mayor mchenry was mayor back in 1983 to 1991, really popular in many communities. he says he once supported the bart project, but now doubts the vta can handle it. instead, he'd like to see the project completed with the bus system instead, a proposal the vta opposes. he also wants to see outside experts come in and review the progress. the other day, nassau came out and their latest mission to mars is going to cost $11 billion. i said to somebody with another billion, they could get the...
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May 30, 2024
05/24
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mayor tom mchenry was talking about bart to san jose. this is not something that this is something you inherited. so this is not on you, but at what point do you say, you know what? it's just costing too much money. and at what point do you say we're going to keep moving forward? with that said, before you answer, let me tell you what mayor mchenry said just a couple of weeks ago when we talked to him. take a listen. the other day, nassau came out and their latest mission to mars is going to cost $11 billion. i said to somebody with another billion, they could get the berryessa. okay, the mayor with a little tongue in cheek, but talking about the rising costs here. but that is an issue, especially something that's fiscally responsible, like you campaigned on. how much is too much to spend on this? well, we're going to get the answer to that question this year. this is the critical year we're in the new starts program. the federal government is evaluating the project that they are going to tell us before the end of this calendar year how
mayor tom mchenry was talking about bart to san jose. this is not something that this is something you inherited. so this is not on you, but at what point do you say, you know what? it's just costing too much money. and at what point do you say we're going to keep moving forward? with that said, before you answer, let me tell you what mayor mchenry said just a couple of weeks ago when we talked to him. take a listen. the other day, nassau came out and their latest mission to mars is going to...
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May 18, 2024
05/24
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-- mchenry from the 10th district of north carolina. >> please forgive me, i did not organize the program. had i organize the program i would not follow franklin graham or michael w smith. so forgive me. this will pass quickly. the greatest moment of my service in congress was in 2012. it had just occurred in north carolina which was traditional, seasonal and i was just getting to know new parts of my district when i got a call from reverend graham's office. said that he would welcome an opportunity to me as a congressman. my new district had taken in a little town, a little college town of western north carolina. it was in this small town that reverend graham was married. made their home, raised a family he was just as comfortable chatting with locals at the coach house restaurant as he was on the world stage. it was in that little train stop that he would take the overnight train in the 1950s in the 1960 s to come here to washington. that overnight train he would get off and he would go meet with folks here in this county. both parties. he would go to the white house. no matter the pres
-- mchenry from the 10th district of north carolina. >> please forgive me, i did not organize the program. had i organize the program i would not follow franklin graham or michael w smith. so forgive me. this will pass quickly. the greatest moment of my service in congress was in 2012. it had just occurred in north carolina which was traditional, seasonal and i was just getting to know new parts of my district when i got a call from reverend graham's office. said that he would welcome an...
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May 19, 2024
05/24
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[singing] [applause] >> ladies and gentlemen, the honorable patrick mchenry, united states representative from the 10th district of north carolina. >> this is a program that i would not follow. franklin graham or michael w. smith. forgive me. this will pass quickly. but one of the great moments and i would say the greatest moment of my service in congress was in 2012. redistricting just occurred in north carolina. which is traditional. seasonal. just new parts of my district when i got a call from the folks in reverend graham's office. he says he would welcome the opportunity to meet his new congressman. and so you see my new district had taken in a whole town called a little college town in the valley of western north carolina. and it was in this small town in western north carolina that reverend graham and his beloved ruth for married, made his home, and raised a family. he was just as comfortable chatting with locals as a coach restaurant and neighboring black mound as he was in the world stage. it was in the low trend stop in black mountain that he would take the overnight train in th
[singing] [applause] >> ladies and gentlemen, the honorable patrick mchenry, united states representative from the 10th district of north carolina. >> this is a program that i would not follow. franklin graham or michael w. smith. forgive me. this will pass quickly. but one of the great moments and i would say the greatest moment of my service in congress was in 2012. redistricting just occurred in north carolina. which is traditional. seasonal. just new parts of my district when i...
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May 17, 2024
05/24
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. ♪ ♪ ♪ ♪ ♪ ♪ [applause] >> ladies and gentlemen, the honorable patrick mchenry, united states representative from the tenth district of north carolina. [applause] >> please forgive me. i didn't organize the program. had i organize the program i would not follow franklin graham or michael w smith. so forgive me. this will pass quickly. but one of the great moments, and i would say the greatest moment of my service in congress was in 2012. redistricting had just occurred in north carolina which is traditional, seasonal, and is just getting to know new parts of my district when n i got a cl from the folks in reverend graham's office, said that he would welcome the opportunity to meet his new congressman. and so you see, my new district had taken in a little town called, for college town in the valley of western north carolina. it was in this small town in western north carolina that reverend graham and his belovedj ruth were married, made their home, raised the family. he was just as comfortable chatting with locals at the restaurant in neighboring black brown says he was on the world stage. he
. ♪ ♪ ♪ ♪ ♪ ♪ [applause] >> ladies and gentlemen, the honorable patrick mchenry, united states representative from the tenth district of north carolina. [applause] >> please forgive me. i didn't organize the program. had i organize the program i would not follow franklin graham or michael w smith. so forgive me. this will pass quickly. but one of the great moments, and i would say the greatest moment of my service in congress was in 2012. redistricting had just occurred...
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May 19, 2024
05/24
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you answered a question to chairman mchenry somehow you did not get angry. i am looking at the report itself around the time of silicon valley failure may 2020 there's a meeting intended to regulations with the chairman. he switched topics to talk about bank failures and according to one of the participants, chairman gruenberg went on a rant protecting his ire at an individual threatening he could fire or reassign anybody he wanted. that meeting was so uncomfortable the person who felt targeted by the chairman sent a team's message out to everyone who was on the telephone. i want to say i'm not sure you answer that question truthfully do you want to respond on that to the chairman? >> yes congressman. the question directed to meet with on that initial weekend of the failures i was responding to that i think the point you raise in regard which is well after that as you know. >> i don't think we should parse words here. i do not consider that response. that rule making the final rule was not a logical outgrowth of the proposed rule a case like that also broker
you answered a question to chairman mchenry somehow you did not get angry. i am looking at the report itself around the time of silicon valley failure may 2020 there's a meeting intended to regulations with the chairman. he switched topics to talk about bank failures and according to one of the participants, chairman gruenberg went on a rant protecting his ire at an individual threatening he could fire or reassign anybody he wanted. that meeting was so uncomfortable the person who felt targeted...
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May 15, 2024
05/24
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phone call where he told him to redesign and today the chairman of house financial services, patrick mchenry also called for him to step down. >> the fact that you've not yet redesigned proves you take no responsibility for your actions. this includes your verbally abusive behavior. this is beyond partisanship. >> reporter: bloomberg has admitted to contributing to the toxic workplace exposed in an independent investigation where employees told investigators many felt sexually harassed from other employees, verbally abused and retaliated against for reporting bad behavior from the top down but the buck stops with bloomberg, he admits he contributed with his own anger issues. staff described him as someone who was angry and upset and could not control his anger, it is difficult and volatile. >> i want to apologize and express how deeply sorry i am. i also acknowledge my failures as chairman in failing to recognize my temperament and how it impacted others. lauren: only the president himself can fire him. he appointed him to this position and is the only one who can get rid of them so unless h
phone call where he told him to redesign and today the chairman of house financial services, patrick mchenry also called for him to step down. >> the fact that you've not yet redesigned proves you take no responsibility for your actions. this includes your verbally abusive behavior. this is beyond partisanship. >> reporter: bloomberg has admitted to contributing to the toxic workplace exposed in an independent investigation where employees told investigators many felt sexually...
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May 23, 2024
05/24
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joining us right now is patrick mchenry. he is the chairman of the committee. let's talk about the bill. the big deal is this would finally settle who would be the regulator over cryptocurrency. a lot of things in the bill as wealth, but that is kicking up the dust and the democratic opposition you did get a lot of democrats to vote for the bill, but on the opposite side, you have president biden issuing a policy statement saying they are not in favor of this, not necessarily going to veto it, but the vice chairman is not up to snuff and not ready to do all of the authoritative work it would take where do things stand right now? what happened? >> this should serve as a wake-up call we had two-thirds of members vote in favor of clarity for crypto it creates a framework for the ftc getting a proper role. rather than the regulatory actions they have taken. congress settles the dispute it settles what is a digital asset and gives a framework for what is trading and purchase of the assets i think it is an important thing. this was a vote that includes 71 democrats a
joining us right now is patrick mchenry. he is the chairman of the committee. let's talk about the bill. the big deal is this would finally settle who would be the regulator over cryptocurrency. a lot of things in the bill as wealth, but that is kicking up the dust and the democratic opposition you did get a lot of democrats to vote for the bill, but on the opposite side, you have president biden issuing a policy statement saying they are not in favor of this, not necessarily going to veto it,...
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May 27, 2024
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the painting over there on the wall of the author of that poem is also the painter, and that's thomas mchenry's painting of sheridan's. right. well, when kelly was drawing this his version of sheridan's right. his father just commented and say, well, the poem says that as they make a statue one day of that event. and i wonder going to be the sculptor to create statue. and kelly said, may, i'll do it. yes, sorry. and that was kelly's very first attempt at sculpture. you'll see on the table there is a copy of kelly's statuette bronze of general sheridan at the of cedar creek. it was a very popular bronze. it was in the window of tiffany's in manhattan and a young college student was walking past tiffany's window, and he sees the statuette of sheridan's right. and he went inside and. he bought it. that was teddy roosevelt spent, i believe he spent his last $200 to buy the bronze. and when his father found out, give me his uncle i found out that teddy wasted his money on this bronze gave him a scolding. but if you go to sagamore hill today in teddy roosevelt's personal on the mantel is copy of sher
the painting over there on the wall of the author of that poem is also the painter, and that's thomas mchenry's painting of sheridan's. right. well, when kelly was drawing this his version of sheridan's right. his father just commented and say, well, the poem says that as they make a statue one day of that event. and i wonder going to be the sculptor to create statue. and kelly said, may, i'll do it. yes, sorry. and that was kelly's very first attempt at sculpture. you'll see on the table there...
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May 21, 2024
05/24
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. >> reporter: mchenry will there went op on to say that the report says otherwise. and republicans have been calling on gruenberg to step down since that report was released, but most democrats stayed quiet. some of them even defended him. several biden administration officials refused to say that gruenberg should resign, but then yesterday the chairman of the senate banking committee, a democrat, senator sherrod brown where, released a statement calling for new leadership at the fdic and for president biden to name a new chair. now the white house says it expects the senate to quickly confirm its nominee but, stu, or republican senators say the administration if up until this point has been the one dragging its feet on this very issue. stu? stuart: got it. grady, thanks very much, indeed. the stock of the week is almost certainly going to be nvidia. they report after the bell tomorrow, so let's take a look at that stock now. this is, the market's open, of course, we're at 9:38. we're down about 1%. angela sue know joins me now, he specializes in -- ang -- angelo zi
. >> reporter: mchenry will there went op on to say that the report says otherwise. and republicans have been calling on gruenberg to step down since that report was released, but most democrats stayed quiet. some of them even defended him. several biden administration officials refused to say that gruenberg should resign, but then yesterday the chairman of the senate banking committee, a democrat, senator sherrod brown where, released a statement calling for new leadership at the fdic...
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May 15, 2024
05/24
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january 30th to director chopra from chairman mchenry, myself and mr. flood and a letter dated january 15th from democratic members mr. andic, et al. stated january 5th. without objection they will be included in our record. and now we turn to the ranking member mr. lynch from massachusetts for five minutes. >> that you, mr. chair, and again thank the witnesses. professor, i was here when we created the cfpb. i was here during that debate and the goal here and the statutory direction of the cfpb, we were trying to provide a single point of accountability for enforcing financial consumer financial laws and protecting consumers in the financial marketplace. why would-- why would this proposed rule be outside of the regulatory framework that we set up for the cfpb? this is exactly in my mind, this is exactly what we created the cfpb for. we understood even back then, not that long ago, that technology was changing. we understood that. so we didn't, we didn't put limitations on technology for the cfpb. we said protect consumers in the financial marketplace.
january 30th to director chopra from chairman mchenry, myself and mr. flood and a letter dated january 15th from democratic members mr. andic, et al. stated january 5th. without objection they will be included in our record. and now we turn to the ranking member mr. lynch from massachusetts for five minutes. >> that you, mr. chair, and again thank the witnesses. professor, i was here when we created the cfpb. i was here during that debate and the goal here and the statutory direction of...
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May 15, 2024
05/24
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mchenry: the gentleman yields his time. we'll now recognize the gentleman from california, mr. vargas, for five minutes. mr. vargas: thank you very much, mr. chairman. i do apologize at the outset for my voice. i'm starting to lose it, i know it's a bad thing for a politician. but it happens. i was excited today, some time ago, to talk about oversight of the prudential regulations and regulators, i should say, and i was very anxious to talk about basil 3-rbgs the end game. it was a signatory to a letter that was sent to you. i do have some great concerns -- [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] [captions copyright national cable satellite corp. 2024] >> members are expected to vote on the five-year re-authorization of funding for the federal aviation administration, which if approved would head to the president's desk. you're watching live coverage here on c-span. the speaker pro tempore: the house will be in order. the prayer will be offered by chaplain kibben. chaplain kibben: w
mchenry: the gentleman yields his time. we'll now recognize the gentleman from california, mr. vargas, for five minutes. mr. vargas: thank you very much, mr. chairman. i do apologize at the outset for my voice. i'm starting to lose it, i know it's a bad thing for a politician. but it happens. i was excited today, some time ago, to talk about oversight of the prudential regulations and regulators, i should say, and i was very anxious to talk about basil 3-rbgs the end game. it was a signatory to...
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May 16, 2024
05/24
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and house financial services chair patrick mchenry on the strong bipartisan passage of this resolution in the house. staff accounting bulletin 121 put consumers at risk by requiring a covered institution to place consumer assets on its balance sheet. it gives creditors a way to claim those assets in the event of a bankruptcy. we have seen how this plays out for consumers. their assets are frozen for months or even years while the bankruptcy plays out. in some cases they lose their assets entirely. now, they've entrusted these assets to the custodian. it is the custodian that is in bankruptcy and yet their assets are the assets that are at risk. so this does not protect consumers at all. under sab 121, the ownership of more than $120 trillion in assets placed for safe keeping with america's custodians are in jeopardy. the safest place for digital assets is in a self-hosted wallet but not everyone can digital their assets, including the institutional investors that the sec requires use a qualified custodian. regardless of what each senator thinks about digital assets, they should want co
and house financial services chair patrick mchenry on the strong bipartisan passage of this resolution in the house. staff accounting bulletin 121 put consumers at risk by requiring a covered institution to place consumer assets on its balance sheet. it gives creditors a way to claim those assets in the event of a bankruptcy. we have seen how this plays out for consumers. their assets are frozen for months or even years while the bankruptcy plays out. in some cases they lose their assets...
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May 28, 2024
05/24
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one on payment stable coins legislation that patrick mchenry and maxine waters has worked on, and fit 21, that we passed last week, overwhelmingly, 279 yes votes, including 71 democrats. and that sends a major signal to the senate that we have bipartisan support and that should incent senators lummis and gillibrand, stabenow and bozeman, four members that have worked extensively on understanding this topic, to collaborate with us on a bicameral partnership to pass this bill. >> where do you stand on this, i don't know how much you've been focused on this either etf, but in the investment world, that has become the game, at least over the last month, in terms of when that will happen, what the s.e.c. is going to do. do you have a position on it >> well, i'm supportive of the s.e.c. going through the same process they did when they looked at underb both chairman clayton and gensler approving a bitcoin etp. they're following that same process. they had a setback in federal court that i think sped up their analysis and they determined that the cash markets and futures market seemed to be
one on payment stable coins legislation that patrick mchenry and maxine waters has worked on, and fit 21, that we passed last week, overwhelmingly, 279 yes votes, including 71 democrats. and that sends a major signal to the senate that we have bipartisan support and that should incent senators lummis and gillibrand, stabenow and bozeman, four members that have worked extensively on understanding this topic, to collaborate with us on a bicameral partnership to pass this bill. >> where do...
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May 16, 2024
05/24
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traffic diversion has increased the vehicle crossings between fort mchenry and harper tunnels by 18% and truck drivers must 1025 miles to get to baltimore via alternate routes including communities that did not expect it. this committee has a role to help rebuild the harbor efficiently. i want to welcome back committee chair congratulations on your reconfirmation. a thorough investigation of this catastrophe will help show how to prevent future issues, to save lives and protect critical infrastructure. i think the chair for calling this hearing today and i look forward to what you have to say. >> i ask unanimous consent of the witness is two full statement be included in the record. and that the hearing remain open until such time as the witnesses have prevent dish provided answers. i also ask unanimous consent of the record remain open for 15 days allowing for additional comments and information to be included in the record of today's hearing and without objection that is so ordered. your written testimony has been included in the records to the committee and i ask that you try to l
traffic diversion has increased the vehicle crossings between fort mchenry and harper tunnels by 18% and truck drivers must 1025 miles to get to baltimore via alternate routes including communities that did not expect it. this committee has a role to help rebuild the harbor efficiently. i want to welcome back committee chair congratulations on your reconfirmation. a thorough investigation of this catastrophe will help show how to prevent future issues, to save lives and protect critical...