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May 15, 2024
05/24
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lynch: thank you, mr. chairman. so i come out of the building trades, i was be a iron worker for about -- i was an iron worker for about 20 years. and it was a rough and tumble workplace. you know, we work hard, we play hard. i get that. but this report, you know, makes the iron workers look like boy scouts compared to what was going on at the fdic. rather than using all my time to recount the parade of horribles here and outrageous conduct on the part of fdic employees, i'm going to ask you, you know, people spending their time railing at you and you're not getting a chance to tell us, what's the plan here? this cannot continue. i got to tell you, as a former foreman and a general foreman, i would have fired a whole bunch of people at the fdic. i would have just fired them flat-out. and you need to fire some people. if you're going to clean this up, i mean, you don't treat women like this. you don't treat humans like this. whether they're women or people of color or lgbtq kids, i saw an interchange there where they
lynch: thank you, mr. chairman. so i come out of the building trades, i was be a iron worker for about -- i was an iron worker for about 20 years. and it was a rough and tumble workplace. you know, we work hard, we play hard. i get that. but this report, you know, makes the iron workers look like boy scouts compared to what was going on at the fdic. rather than using all my time to recount the parade of horribles here and outrageous conduct on the part of fdic employees, i'm going to ask you,...
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May 16, 2024
05/24
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lynch of massachusetts, five minutes for his opening comment. >> thank you, mr. chairman. and good morning. i'd also like to thank all of our witnesses today for your willingness to help the committee with its work. it is the fundamental mission of the consumer financial protection bureau to safeguard american consumers against unfair, deceptive and abusive financial practices and discrimination. the cfpb ensures that our markets are for consumer products and service operate fairly and efficiently in the interest of consumer access and responsible innovation. in furtherance of the critical mandate cfpb recently proposed a rule as the chairman noted that will allow the agency to exercise supervisory authority over companies that offer digital wallets and payment services, peer-to-peer payment apps and electronic funds payment apps. unfortunately, this will place, apple, google, meta, other companies that moved into the financial services space on par with financial institutions that are already there and already subject to cfpb supervision. unlike large banks and credit uni
lynch of massachusetts, five minutes for his opening comment. >> thank you, mr. chairman. and good morning. i'd also like to thank all of our witnesses today for your willingness to help the committee with its work. it is the fundamental mission of the consumer financial protection bureau to safeguard american consumers against unfair, deceptive and abusive financial practices and discrimination. the cfpb ensures that our markets are for consumer products and service operate fairly and...
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May 15, 2024
05/24
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lynch of massachusetts, five minutes for opening comments. >> thank you, mr. chairman. good morning and i would like to thank our witnesses today with your willingness to help with the work. it is the mission of the consumer financial protection bureau to safeguard consumers against unfair, deceptive and abusive financial practices and discrimination. the cfpb also ensures that markets for consumer products and service operate fairly and efficiently. in the interest of consumer access and responsible innovation. further the cfpb recently proposed a role as the chairman noted that will allow the agency to exercise supervisory authority over larger non-bank technology companies that offer digital wallets and payment services including peer to peer payment apps electronic fund transfer apps. importantly this role will place apple, google, big tech companies that have moved into the financial services space on par with financial institutions that are already there and already subject to cfpb supervision. unlike large banks and credit unions these companies do not currently
lynch of massachusetts, five minutes for opening comments. >> thank you, mr. chairman. good morning and i would like to thank our witnesses today with your willingness to help with the work. it is the mission of the consumer financial protection bureau to safeguard consumers against unfair, deceptive and abusive financial practices and discrimination. the cfpb also ensures that markets for consumer products and service operate fairly and efficiently. in the interest of consumer access and...
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May 22, 2024
05/24
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mr. lynch: thank you, mr. chairman. i want to thank the gentlelady for yielding me this time. mr. chairman, i've been a member of congress for over 20 years and i want to say that this is probably one of the worst, it may not be the worst, but it's in the top three, in terms of the worst bills that i have seen actually progress to this -- to the floor of the house. anybody who is excited about this bill either has not read it or does not understand it. this bill is a radical rewrite of the securities laws in this country. as most people who know our history realize that in 1929 when the markets crashed, we established the securities and exchange commission. in 1934. shortly after the crash. and what that did, it created an agency that became the cop on the beat in financial services. they became the protectors of investors. and since that time in 1934, as courts have interpreted that law that is protecting investors, we've built up a body of case law that now makes the united states financial markets the most robust and they've become the marvel of the world. everyone comes to the
mr. lynch: thank you, mr. chairman. i want to thank the gentlelady for yielding me this time. mr. chairman, i've been a member of congress for over 20 years and i want to say that this is probably one of the worst, it may not be the worst, but it's in the top three, in terms of the worst bills that i have seen actually progress to this -- to the floor of the house. anybody who is excited about this bill either has not read it or does not understand it. this bill is a radical rewrite of the...
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May 9, 2024
05/24
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mr. lynch. >> no. >> mr. lynch votes no. mr. connolly. >> nay. >> mr. connolly votes nay. mr. morothy votes no. mr. ensume. >> no. >> ms. ocasio-cortez. >> nay. >> ms. porter. ms. bush. ms. brown. ms. stansbury. mr. garcia. mr. garcia votes no. mr. frost. ms. lee. ms. lee votes no. mr. casar. mr. casar votes no. ms. crocket. >> votes no. >> mr. goldman. >> no. >> mr. goldman votes no. >> mr. most moskuwitz votes no. talib votes no. ms. presley votes no. mr. chairman. >> i vote yes and how is mr. burleson recorded? >> mr. burleson is not recorded. mr. burleson votes yes. >> how is ms. bobert recorded? >> ms. bobert is not recorded. >> how is mr. turner recorded? >> mr. turner is not recorded. >> aye. >> mr. turner votes aye. >> how is mr. frost reported? >> mr. frost is not recorded. >> no. >> mr. frost votes no. >> how is mr. fallon recorded? >> mr. fallon is not recorded. >> aye. >> mr. fallon votes aye. >> how is ms. porter recorded? >> ms. porter is not recorded. >> no. >> ms. porter votes no. >> will the clerk tally the report? mr. chairman, on this vote, the ayes are 21,
mr. lynch. >> no. >> mr. lynch votes no. mr. connolly. >> nay. >> mr. connolly votes nay. mr. morothy votes no. mr. ensume. >> no. >> ms. ocasio-cortez. >> nay. >> ms. porter. ms. bush. ms. brown. ms. stansbury. mr. garcia. mr. garcia votes no. mr. frost. ms. lee. ms. lee votes no. mr. casar. mr. casar votes no. ms. crocket. >> votes no. >> mr. goldman. >> no. >> mr. goldman votes no. >> mr. most moskuwitz votes no....
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May 17, 2024
05/24
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lynch from massachusetts. mr. lynch: thank you, mr. chairman. dr. califf, welcome, thank you for your good work. in march of 2024, the fda issued a proposed rule regarding electrical stimulation devices that are intended to reduce or stop self-injurious or aggressive behavior in some patients. if finalized the proposed rule , would remove these electric stimulation devices from the market and the devices will no longer be considered legally marketed. i've tried to read as much as i can on these. as an attorney i try to refrain from making medical decisions on my own. especially for my constituents. i do know that the geneva convention regards these devices as torture. but i also have a group of families in my district who have children and loved ones who are undergoing these treatments and they claim that those treatments help. now, as a result of this rule, these treatments will go away and my constituents have asked me to ask you and the fda to meet with them to talk about the consequences of the fda's rule. and so as a member of congress, on beha
lynch from massachusetts. mr. lynch: thank you, mr. chairman. dr. califf, welcome, thank you for your good work. in march of 2024, the fda issued a proposed rule regarding electrical stimulation devices that are intended to reduce or stop self-injurious or aggressive behavior in some patients. if finalized the proposed rule , would remove these electric stimulation devices from the market and the devices will no longer be considered legally marketed. i've tried to read as much as i can on...
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May 8, 2024
05/24
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mr. lynch: good afternoon, mr. chairman. i rise in opposition to 109 and this nonbinding interpretive guidance advises those holding crypto assets for customers to record those assets and liabilities on their market sheets and it recommends the companies disclose the nature and amount of crypto asset holdings. simply put, it advises caution and transparency regarding crypto because it is so volatile. the disapproval of s.a.b. 121 would have severe consequences for the u.s. financial services industry and be especially dangerous for banks, depositories, investors, and consumers. as underscored in the bulletin, the safeguarding of crypto assets presents unique regulatory and legal risks that could significantly impact a company's financial condition and its operations. for this same reason, the bulletin seeks to ensure that investors are informed about these risks and making other capital investment and allocation decisions. the failure of silicon valley, first republic bank and others showed us nervous depositories can cause
mr. lynch: good afternoon, mr. chairman. i rise in opposition to 109 and this nonbinding interpretive guidance advises those holding crypto assets for customers to record those assets and liabilities on their market sheets and it recommends the companies disclose the nature and amount of crypto asset holdings. simply put, it advises caution and transparency regarding crypto because it is so volatile. the disapproval of s.a.b. 121 would have severe consequences for the u.s. financial services...
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May 17, 2024
05/24
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. >> mr. lynch, state your point. >> mr. chairman. i would just like to ask the parliamentarian if your conduct here and raising money in connection with this hearing is referable to the ethics committee within this hearing is emotion in order to refer your conduct and your abuse of data point of order. >> i do have a point of order and i would like to add to move to take down ms green's words that is absolutely unacceptable. how dare you have another person? >> are your feelings her words down? oh, oh, girl, baby girl. >> oh, really don't even play baby girl. i don't think you're going to move and we're going to take your words down. second that motion. >> wow well, next, if you could take a test to determine your risk of getting alzheimer's, would you? >> dr. sanjay gupta decided to hear what the answers were? for to that task here, what he discovered about himself next when the competition is a nuclear competition, spying is extraordinarily important the russians were trying to spy on us. we were spying on them it's very difficult
. >> mr. lynch, state your point. >> mr. chairman. i would just like to ask the parliamentarian if your conduct here and raising money in connection with this hearing is referable to the ethics committee within this hearing is emotion in order to refer your conduct and your abuse of data point of order. >> i do have a point of order and i would like to add to move to take down ms green's words that is absolutely unacceptable. how dare you have another person? >> are your...
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May 18, 2024
05/24
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lynch, i do have a point of order and i would like to move to take down ms greene's words that is absolutely unacceptable. how dare you are your feelings, her words down oh, oh, girl, baby, girl. oh, really don't even play baby girl. i don't think you're going to move and we're going to take your words down second that motion. >> now after that, there was a failed vote to strike greene's comments from the record and she was allowed to continue her remarks. and that's when crockett stepped back into the fray. >> i'm just curious just to better understand your ruling. if someone on this committee then starts talking about somebody's bleach blonde, bad built butch body that would not be engaging in personalities, correct. >> what now? >> chairman i make i make a motion to strike those applications. i get khan down. calm. no, no, no. because proceed you're not recognized you with your mom down, you please call me to calm down you are out of control as it for $5 green brushed off any criticism that she got over the last 24 hours writing g this aoc is an intelligent jasmine crockett has fake eyela
lynch, i do have a point of order and i would like to move to take down ms greene's words that is absolutely unacceptable. how dare you are your feelings, her words down oh, oh, girl, baby, girl. oh, really don't even play baby girl. i don't think you're going to move and we're going to take your words down second that motion. >> now after that, there was a failed vote to strike greene's comments from the record and she was allowed to continue her remarks. and that's when crockett stepped...
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May 9, 2024
05/24
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the chair now recognizes mr. lynch from massachusetts for five minutes. >> thank you. i want to make an observation here. i have been on this committee, investigating committee for over 20 years. as an attorney before that, i have sufficient training and experience to say that with high confidence, when you review the entire record of evidence of these hearings going back over a year, you have actually provided more evidence to impeach donald trump for third time than you have in laying a glove on president biden. we keep hearing about the biden family. when you hear someone say the biden family, that is translation two, we do not have track -- evidence on the president, so we would use the biden family to try to implicate him. i the constant fumbling and continually shifting arguments here, you have done nothing more than exonerate president biden. we have heard initially from -- for month we heard about the hunter biden laptop. and there were absolutely some embarrassing photos on back. and some awful information about hunter biden's personal life. i will admit that.
the chair now recognizes mr. lynch from massachusetts for five minutes. >> thank you. i want to make an observation here. i have been on this committee, investigating committee for over 20 years. as an attorney before that, i have sufficient training and experience to say that with high confidence, when you review the entire record of evidence of these hearings going back over a year, you have actually provided more evidence to impeach donald trump for third time than you have in laying a...
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May 23, 2024
05/24
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mr. lynch: thank you, madam chair. i thank the gentlelady from california for yielding. as the ranking member of the subcommittee on digital asset, i rise in strong opposition to h.r. 5403, the so-called cbdc anti-surveillance act. at the expense of u.s. global economic leadership, this misguided legislation would effectively prevent the federal reserve from researching or issues a central bank digital currency, also known as a cbdc. unfortunately the facts surrounding the development of a central bank digital currency have been obscured by disinformation and infected by wrong-headed political ideology. earlier this years, former president trump vowed to, quote, protect americans from tyranny and never allow the creation of a central bank digital currency. god help us. in congress, members of the house and senate have also followed suit, introducing bill after bill to block the development and even the examination of a central bank digital currency, based on unfounded claims that it violates user privacy and will be used as surveillance tool by the federal government. th
mr. lynch: thank you, madam chair. i thank the gentlelady from california for yielding. as the ranking member of the subcommittee on digital asset, i rise in strong opposition to h.r. 5403, the so-called cbdc anti-surveillance act. at the expense of u.s. global economic leadership, this misguided legislation would effectively prevent the federal reserve from researching or issues a central bank digital currency, also known as a cbdc. unfortunately the facts surrounding the development of a...
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May 10, 2024
05/24
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mr. parnas per. >> a chair recognizes per. >> in a variety things like to go through. but first mr. lynch compare complaint about testifying from prison so i would like to ask unanimous consent to enter into the record department of justice own press release announcing the sentencing of democrats that led parnas to prison. >> the objection. thank you. now mr. chairman we had originally hoped we'd see if you want witnesses here today. they are not here. i'd like to run a brief dictate because i showed up today hoping i'll be asking these witnesses a little bit more about this tape. i know there is some mystery or some people feel it is still ambiguous as to how this prosecutor was fired in ukraine and at this tape goes a little bit more to shed light on why the prosecutor was fired and why we want hunter biden and mr. archer? >> got ukraine. i remember going over convincing our team that we should be providing out of the 12th or 13th time and i was supposed to announce there's not a billion-dollar loan guarantee. i'd gotten the commitment that they would take action against a the sta
mr. parnas per. >> a chair recognizes per. >> in a variety things like to go through. but first mr. lynch compare complaint about testifying from prison so i would like to ask unanimous consent to enter into the record department of justice own press release announcing the sentencing of democrats that led parnas to prison. >> the objection. thank you. now mr. chairman we had originally hoped we'd see if you want witnesses here today. they are not here. i'd like to run a brief...
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May 19, 2024
05/24
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. >> mr. chairman. >> order. order. order, please. we have a point of order. mr. lynch, state your point. >> i would like to ask the parliamentarian if your conduct here raising money in connection with this hearing is referable to the ethics committee. there is a motion in order to refer your conduct and your abuse. >> it is not a point of order. >> i do have a point of order and i would like to move to take down miss greene's words as absolutely unacceptable. how tear you -- how dare you attack another person. strike your words down. >> girl, baby girl. >> really? >> don't even play. >> baby girl? >> we are going to move and take your words down. >> i second that motion. >> no, no. >> hold on. mr. perry will be recognized. >> i am not apologizing. >> you are not striking your words. >> i am not apologizing. >> why don't you debate me? >> mr. chairman. >> you are out of order. >> you don't have enough intelligence. >> i moved to strike. >> order. >> that is two requests to strike. host: another headline from axios, dumpster fire hearing about congress's new low.
. >> mr. chairman. >> order. order. order, please. we have a point of order. mr. lynch, state your point. >> i would like to ask the parliamentarian if your conduct here raising money in connection with this hearing is referable to the ethics committee. there is a motion in order to refer your conduct and your abuse. >> it is not a point of order. >> i do have a point of order and i would like to move to take down miss greene's words as absolutely unacceptable. how...
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May 19, 2024
05/24
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. >> mr. chairman. >> order. order. order, please. we have a point of order. mr. lynch, state your point. >> i would like to ask the parliamentarian if your conduct here raising money in connection with this hearing is referable to the ethics committee. there is a motion in order to refer your conduct and your abuse. >> it is not a point of order. >> i do have a point of order and i would like to move to take down miss greene's words as absolutely unacceptable. how tear you -- how dare you attack another person. strike your words down. >> girl, baby girl. >> really? >> don't even play. >> baby girl? >> we are going to move and take your words down. >> i second that motion. >> no, no. >> hold on. mr. perry will be recognized. >> i am not apologizing. >> you are not striking your words. >> i am not apologizing. >> why don't you debate me? >> mr. chairman. >> you are out of order. >> you don't have enough intelligence. >> i moved to strike. >> order. >> that is two requests to strike. host: another headline from axios, dumpster fire hearing about congress's new low.
. >> mr. chairman. >> order. order. order, please. we have a point of order. mr. lynch, state your point. >> i would like to ask the parliamentarian if your conduct here raising money in connection with this hearing is referable to the ethics committee. there is a motion in order to refer your conduct and your abuse. >> it is not a point of order. >> i do have a point of order and i would like to move to take down miss greene's words as absolutely unacceptable. how...
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May 22, 2024
05/24
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you know, mr. lynch, when he spoke, he said this was one of the worst pieces of legislation he has experienced through his entire career. and i understand why when i examine this bill and i see that the republicans had created this new definition. and this new definition is known as the investment contract assets. now, we talked about this but, you know, even in the rules committee, while they were, you know, talking about how this bill was going to protect consumers, they did not debate us about this investment contract asset because they know that it created a void. it created a no man's land. this was created basically so that the crypto companies could be in a space without regulation. but it goes further than that. it also covers traditional securities so they can be in a space without regulation. . . it is not enough to says this about a bad bill. this is not only a bad bill,s that bill where the crypto companies decided they didn't like the s.e.c. they do not want to be regulated. and they w
you know, mr. lynch, when he spoke, he said this was one of the worst pieces of legislation he has experienced through his entire career. and i understand why when i examine this bill and i see that the republicans had created this new definition. and this new definition is known as the investment contract assets. now, we talked about this but, you know, even in the rules committee, while they were, you know, talking about how this bill was going to protect consumers, they did not debate us...
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May 28, 2024
05/24
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>> didn't that amount to the lynch law? >> mr. andrews and senator and all the group and for the balance of this program, we will have to ask you not to refer to any race, group or individual in any derogatory terms. >> very well. >> very well. i will note for the record that none of the reporters were using this language. it was the sitting senator. in fact, even after being admonished like that, he went on to use the n word 12 more times in the live broadcast on meet the press. so there has been a supreme court ruling that said you couldn't have whites only primaries. but when that senator, senator theodore bilbo was up for election in mississippi two's ears later in 1946, he openly and repeatedly told audiences in mississippi that they needed to do everything in their power. they needed to be willing to shed blood to prevent any black person from voting in mississippi's primary elections. this was not something he did once and got confronted with. it is not something he hid. he said this at every campaign event. he was proud of
>> didn't that amount to the lynch law? >> mr. andrews and senator and all the group and for the balance of this program, we will have to ask you not to refer to any race, group or individual in any derogatory terms. >> very well. >> very well. i will note for the record that none of the reporters were using this language. it was the sitting senator. in fact, even after being admonished like that, he went on to use the n word 12 more times in the live broadcast on meet...
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May 10, 2024
05/24
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mr. trump's former fixer, michael cohen made to daniels, the lynch pin of the state's case. instead, the defense trying to cast daniels as hungry for money and fame and determined to put mr. trump behind bars because it would help her bottom line, pointing to past tweets mocking his legal woes. and her current catalog of merch, including a saint candle. saying you are celebrating the indictment by selling things from your store. daniels shooting back, not unlike mr. trump. >> so what did you think of this testimony? >> i think it is really hard to know what the jury is getting out of this because she was so desperate to fight the defense attorney on every last little point and the defense attorney was trying to show where she could trip her up. the jury might just say a pox on both of their houses in a case where her actual testimony is not the crux of the actual charges. you and i have discussed so many times, it is also falsification of business records and only at the very end of the cross did we come close to that. you sat in the courtroom. did you have the same impressi
mr. trump's former fixer, michael cohen made to daniels, the lynch pin of the state's case. instead, the defense trying to cast daniels as hungry for money and fame and determined to put mr. trump behind bars because it would help her bottom line, pointing to past tweets mocking his legal woes. and her current catalog of merch, including a saint candle. saying you are celebrating the indictment by selling things from your store. daniels shooting back, not unlike mr. trump. >> so what did...
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May 26, 2024
05/24
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host: perry in atlanta, mr. johu for being with us. i have a question to ask, but first i need to say that i'm disappointed about the gentleman from texas talking about black homicide. you usually tell people to stick to the topic and that is not the topic. e topic is about tulsa. there's also the rosewood incident for people who don't know about that. imagine postcards, there were sthe tolson incident also. i want to know if there was an instone by the bureau of investigationme the fbi. i ask that because i watched the movie "killers of the flower mood -- flower■4 moon." the same time as the total race rights. ■8th to investigate the killings of native americans. i wonder if the ifederal governe was a cause for reparations, this is a cause. thank you very much. you can actually see the few ditchage of the riots and you can see there were plans -- planes flying over dropping can of gasoline. it was awful. the footage is on youtube, several documentaries you can see. i urge everybody to go out there and look at these so you can see
host: perry in atlanta, mr. johu for being with us. i have a question to ask, but first i need to say that i'm disappointed about the gentleman from texas talking about black homicide. you usually tell people to stick to the topic and that is not the topic. e topic is about tulsa. there's also the rosewood incident for people who don't know about that. imagine postcards, there were sthe tolson incident also. i want to know if there was an instone by the bureau of investigationme the fbi. i ask...
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May 5, 2024
05/24
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we both have covered what happened with mr. navalny. it is abnormal to be. it is normal. and everything else that he was doing terrified her, and she was honest with him about it, and he was honest with her in saying i get that, but if i don't do this, this state, and this country won't be good enough for you, and my kids. >> yeah. >> [ applause ] >> and one of the things i learned from your book is that, in his life, before he was martyred, one of the ways he was written about in the national black press was as essentially a poster child for i am not leaving mississippi. he was saying, she wanted to leave as soon as he was graduated, and they were married. and he was saying listen, i love mississippi, and there's so much that's wrong with mississippi, and it's dangerous, and i will never leave this state. and that was a curiosity even in his lifetime that somebody with the resources, the ability and notoriety would choose to stay, it was a deep form of patriotism and love of his country, and love of his state. >> there is a profile done on him, titled, why i love mississ
we both have covered what happened with mr. navalny. it is abnormal to be. it is normal. and everything else that he was doing terrified her, and she was honest with him about it, and he was honest with her in saying i get that, but if i don't do this, this state, and this country won't be good enough for you, and my kids. >> yeah. >> [ applause ] >> and one of the things i learned from your book is that, in his life, before he was martyred, one of the ways he was written...
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May 26, 2024
05/24
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still balloting but once we are done we will revisit mr. reece's ocean. >> madam chair. >> aaron star, california. i want to understand article 14. >> is this a point of order? >> perhaps a point of inquiry. not order at this time. i would like, article 14, section three, the second sentence reads two thirds of the entire membership of the national committee may at a meeting fill the vice presidential vacancy and if necessary a simultaneous presidential vacancy. i will -- want to know if your understanding, what your understanding is of that. >> let me read it. sorry. [indiscernible chatter] [indiscernible chatter] >> mr. star. i ending is that particular bylaw is talking about death or resignation. or disqualification, not finishing a meeting on time. >> my interpretation was different, there are two separate sentences there. my interpretation is that there are two separate sentences there and they each have separate meanings. >> my understanding is that the second sentence is referring immediately, referring to the sentence immediately pr
still balloting but once we are done we will revisit mr. reece's ocean. >> madam chair. >> aaron star, california. i want to understand article 14. >> is this a point of order? >> perhaps a point of inquiry. not order at this time. i would like, article 14, section three, the second sentence reads two thirds of the entire membership of the national committee may at a meeting fill the vice presidential vacancy and if necessary a simultaneous presidential vacancy. i will...