feinberg? ms. feinberg previously the fra : has not taken action on -- mr. mica: they have not taken action on any of these. ok, and then 2008 was also a recommendation. they did not take action on that, is that correct? ms. feinberg that is correct. :mr. mica: in fact, it's been very difficult. in fact since then, many freight rails have installed those devices. are you aware of that, ma'am? ms. feinberg: yes, sir. mr. mica: in fact, but it's been difficult. in fact, they had to go through lawsuits. i want this to be entered into the record. here's kansas city southern was attempting to put into cameras in the cab. they were sued mr. comstock and his group. not only will both unions fervently apose the lawsuit, they will ask the court to join them from going ahead with a plan. could we put that in the record, please? thoost cameras and history and nothing being done. let's talk about financing these and positive train control. you just recommended you're going to have fra financing available?

general feinberg. ms. feinberg: mr. chief justice and may it please the court -- petitioners advance two claims, a facial challenge and an as-applied one. those claims are reviewed under exacting scrutiny, the standard this court has long applied to reporting and disclosure requirements. to prevail on their facial claim, petitioners must demonstrate that california's schedule b requirement is unconstitutional in all or at least many of its applications. the petitioner's evidence centered only on their own organization. they did not show that california's confidential collection of the same information that charities already provide to the irs chills associational interest in general or for a substantial number of charities in the state. at the same time, the state's upfront collection of schedule b's is substantially related to important oversight and law enforcement interests. schedule b's are used routinely by state charity regulators to evaluate complaints. when examined with other documents, schedule b helps investi

feinberg. billions of dollars in the cost. ms. feinberg: i would differ to amtrak and the actual cost. they have predicted it. how far they have to go to complete it. >> i am sorry, i did not hear the base question. >> you said that ptc is not implemented in all of the points? mr. boardman: it is installed but it is not activated. $100 million is where it is at the moment. >> thank you, my time has expired. >> thank you mr. chairman and thank you to the witnesses today. i know there are still a lot of facts and many more questions we have to examine you for we get some real answers. there are some things i want to follow up on. on may 12, my understanding mr. peters, is the engineer who was operating was doing so under a new controversial work schedule that began on march 23 of 2015. that included shorter turnaround times on most runs that happened before march 23. i guess i am just curious as to whether the union or the workers had been consulted prior to the implementation of this new work sc

feinberg for being here. we obviously want him here in the future and we want everyone to file a claim. mr. feinberg will be meeting right here with the media so if you want to accumulate here, that will be fine. in addition, we will have the media here. i want to introduce some of our elected officials. we have the senator, the state representative, our councilman, we have a number of people on boards and agencies. anybody else? >> one question i want to ask mr. feinberg but i want the public to ask the question first is that we have a number of people because their claims have been so delighted that we need a moratorium with the banks and loan institutions to stop them from possibly foreclosing on businesses, homes, and people's assets. we need a lot of help in that area to protect those people that are going through this situation right now. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] >> kenneth feinberg oversees the $20 billion fund crea

feinberg would respond to. i would like t get people who live in alabama chance to have met with me before and who were promised certain things and they didn't get those promises fulfilled, would you have any objection to letting us get those questions submitted to you? >> no, i would welcome it. >> thank you. a couple of questions. vice president biden said the $20 billion is a floor, not a ceili. is that correct? >> that is correct. >> t's just rounded up, $6 billion. how much do you think before august the 2013, based on the trends you have seen thus far, how much you think you will exhaust? >> i would be reluctant congressman to take an estimate of that, but i remind you as you know, that $20 billion is used for purposes other than the gulf coast claims facility. local cleanup costs come out of the 20 billion, government claims that are being paid in alabama by bp comes out of the 20 billion. so ian't venture a guess as to how much the total amount will be that will be spent. i would like to think that the

feinberg. i have a question for you. just make sure i'm clear it's my understanding that the fra, and this come from testimony, they will use all powers including enforcement fines and adoption. we know how they would assess adoption. we know how they would assess the fines. would they be assessed a daily? is there a policy that's been defined regarding that? ms. feinberg: the goal of our enforcement actions and any safety regulators is to bring about compliance. >> i understand the goal. do we have a policy? ms. feinberg: as we discussed earlier we are finalizing that now. most of the policy is public and has been public since 2010. there are various signs and penalty and most of it has been public since 2010. we are in response to the congress' request finalizing our strategy now. we want to be completely transparent about what the railroads and congress can expect. >> and might be daily and might be otherwise? ms. feinberg: that's correct. >> so a few days after you were here after the terrible mishap in philadelphia,

feinberg. he has experience in this arena, having disbursed funds as a result of the 9/11 incident. it is my understanding that he will be taking control of 36 bp offices and hundreds of employees. mr. feinberg is charged with administering the $20 billion gulf claims account and paying legitimate claims to affected parties. it is an admirable and difficult position, because we know that paying claims in this kind of situation is certainly an inexact science. we -- will downstream suppliers due to the tourism industry qualify for compensation? there are a lot of unanswered questions. we want to see that people are reimbursed who have legitimate claims. and we hope there will be some -- we know there'll be some filing claims that will not be legitimate. one other question that i think will have to be answered as we go along is the drilling moratorium imposed by the administration. it will have an impact on the economy and the terrorism as a result of this bill. there is going to have to be some

feinberg. for ms. i'm a long-distance guy, too, and we have been fighting with everybody because it seems like they want to cut the long distance routes. i have the same perspective as senator moran on this. i think it would be a huge mistake. if you get confirmed, what are you going to do on offense to make those long-distance routes more appealing and more rider friendly? >> thank you, senator, for the question and i hope you can see me because i captain see any of you. thank you for the question. needs to hat amtrak do is improve riders and dining experience or the experience in their private rooms or the reliability experience and service experience. i think there are things we can o to bring ridership and all . avel and >> this could be an opportunity for amtrak and happy to work with you and your staff as we walk through those issues? mr. koos: i would he can coo what ms. feinberg said. modern equipment. understanding what the customer wants, monitoring that and measuring that is critical for the

sara feinberg. ms. feinberg are you with us and can you hear us all right? >> i am, i can hear you and i can see you and hopefully you can hear me and see me. senator wicker: ok good. you are recognized for five minutes and thank you so much for being with us today. >> thank you so much. chairman wicker, ranking member cantwell and the other distinguished members of commerce committee, i want to thank you for holding this morning's hearing during what is an unprecedented time for this country and this body. i know your time is incredibly valuable and you have many demands on your attention an i thank you for your service and for your interest today. i am -- i appear in front of you as a nominee to the amtrak board of directors. this is a board i served on previously in 2016 and -- 2015 and 2016 while also serving as federal railroad ad mrtor at the u.s. department of transportation. as federal administrator i served as the country's safety regulator of both passenger and freight rail. during that stint on the amtrak board i had the opportunity to help shape

feinberg. not only has he a spectacular record in terms of addressing issues such as this, but he also comes from a community that i once represented. that's the city of brockton in massachusetts, and for those of you that are unaware, brockton is the city of champions. brockton was the home of the rock. that's rocky marciano, undefeated heavyweight champion of the world, and then, of course, there was marvelous marvin hagler, an now we have another champion in ken feinberg, whose success is extraordina extraordinary. it's a great commuty. as i said, this is an outstanding appointment. the president should be congratulated. he has a litany of accomplishments in addressing issues ranging from 9/11 compensation to overseeing executive compensation pursuant to the top legislation, and i'm confident that given his leadership and his talent that e concerns that have been expressed by members of the panel will be addressed by this young man from that hard scrabble community in massachusetts, the city

feinberg. not only has he a spectacular record in terms of addressing issues such as this, but he also comes from a community that i once represented. that's the city of brockton in massachusetts, and for those of you that are unaware, brockton is the city of champions. brockton was the home of the rock. that's rocky marciano, undefeated heavyweight champion of the world, and then, of course, there was marvelous marvin hagler, and now we have another champion in ken feinberg, whose success is extraordina extraordinary. it's a great community. as i said, this is an outstanding appointment. the president should be congratulated. he has a litany of accomplishments in addressing issues ranging from 9/11 compensation to overseeing executive compensation pursuant to the top legislation, and i'm confident that given his leadership and his talent that the concerns that have been expressed by members of the panel will be addressed by this young man from that hard scrabble community in massachusetts, the

feinberg, i appreciate your comments. certainly when we set up the model after 9-11, the idea is the one you continue to pursue that victims are not subject to which judge they're assigned to. that you don't have cases handled one somewhere and one way somewhere else. they still have the legal option if they want to take it. but if they want the assurance that these cases are going to be handled in a way that has a structure, they have that from you. now, in that structure, as i understand it, when it comes time to a settlement, you have the ultimate authority on what that settlement would be, am i right in that? >> that is correct. the program is as you just pointed out entirely voluntary. no one has to come into this program. and if they do come into the program, we will determine their eligibility and if they're eligible, the amount of compensation. and only as with 9-11 as you know, only after they know what it is they'll receive, how generous it is. only do they then agree and there is no appeal from my determination

feinberg. however that congress has an obligation to ensure that this fund is operating properly and fairly so that the people of the call for made whole for the harm caused it to them and that the economy of the gulf is getting back up and running again. i won it noted that it is not absolutely clear if the fund is actually under the jurisdiction of this or any other congressional committee, and i as chairman appreciate the willingness of mr. feinberg to come and sit before this committee today. today there is a large hole and proper oversight and accountability to ensure legitimate claims are getting the attention they deserve. and that the process of administering payments is conducted in a timely manner. there is inappropriate effort in congress to direct and open and transparent audit of the fund and i certainly hope and expect that the fund will comply. it can be expected that the committee will continue to appropriately conduct oversight into the process, payments, and operations of the

feinberg? >> correct. >> this year alone, gm has issued an astonishing 44 recalls covering 17.7 million vehicles in the u.s. and more than 20 million worldwide. how many of those recalls to your knowledge relate to problems that were known to someone in gm before the bankruptcy sale order of july 2009? thet the senior level of company, the action would have been taken. >> it is your testimony that none of those are covered? >> i'm not sure what you -- >> you are saying here today that none of the recalls initiated this year relate to problems known to someone at gm before the bankruptcy sale order in july of 2009? >> i said the senior leadership had no knowledge of those issues -- >> that's not my question. you did an exhaustive investigation into the cultural problems at gm. investigation, did you identify anyone working at gm who had knowledge relating to those product recalls that covered products affected by that bankruptcy discharge order in july of 2009? >> if there was a known safety iss

feinberg, i appreciate your comments. certainly when we set up the model after 9-11, the idea is the one you continue to pursue that victims are not subject to which judge they're assigned to. that you don't have cases handled one somewhere and one way somewhere else. they still have the legal option if they want to take it. but if they want the assurance that these cases are going to be handled in a way that has a structure, they have that from you. now, in that structure, as i understand it, when it comes time to a settlement, you have the ultimate authority on what that settlement would be, am i right in that? >> that is correct. the program is as you just pointed out entirely voluntary. no one has to come into this program. and if they do come into the program, we will determine their eligibility and if they're eligible, the amount of compensation. and only as with 9-11 as you know, only after they know what it is they'll receive, how generous it is. only do they then agree and there is no appeal from my determination

feinberg. -- that. thank you, mr. feinberg. >> two weeks are left before congress takes its scheduled august recess. the house returns tuesday at noon eastern. will vote on a series of suspension bills. the senate is in session monday beginning at 2:00. they are scheduled to vote on the confirmation of three nominations. what's the house live on c-span, the senate live on c-span2 -- w atch the house live on c-span, the senate live on c-span2. several members of congress taking to twitter today. congressman mike fitzpatrick tweets -- tweet back to share your story. c-span spoke with the former astronaut buzz aldrin, who was aboard the apollo mission this "washington journal." you can watch it online at www.c-span.org or later tonight here on c-span. internetessional caucus advisory committee hosted a discussion on the impact of nsa surveillance programs on u.s. commercial interests and global credibility. former nsa general counsel stewart baker and open internet advocates were among the speakers. this is just over an

feinberg. senator miscast kill of missouri chairs the hearing. ght. this hearing will come to order. we revisit today the tragic management failures at gm that killed people. first, i want to acknowledge in my opening remarks then from my viewpoint the ceo of general motors, mary barra, has stepped up and con fronted head-on the problem and corporate culture that caused it. some see the record-number of recalls at general motors as a problem, i see it as a good sign. second, i want to briefly say that i think i speak on behalf of all members of congress who have asked very difficult questions surrounding these tragic events that while we are asking tough questions, we have great respect for the workers of general motors. i would like to take this moment to thank the workers at general motors. you are terrific. you build good cars. and you also were the victims of outrageously incompetent management. management was the problem here not the workers. the report i spent time with i find it thorough

feinberg caller: yes, what is though czar being paid? guest: he has not even been officially announced as such. we will see that in a few weeks. once they do that we will see his financial disclosures. host: his official term is special master for pay? guest: that is what we have been told. host: are you still there on the line with us? let's go to north carolina on our independent mind. caller: i was just curious with the bonuses paid out, it just seems if they are paying those it says there were doing what they're supposed to do. why would they be paid bonuses if they messed things up? it seems like they did their job. and they got their bonuses and a bailout they needed. it seems like everyone is being rewarded. for crashing the system and taking the bailout. guest: that is the concern of lawmakers and why they reacted with legislation a few months ago that went further than perhaps the administration wanted them to. that is apparent and the public mind. it is what they want to push the principles where firms are not encouraged to giv

feinberg, i don't get mr. feinberg, i don't get it. my daughter died in the basement of the world trade center in the 1993 attacks. it was not just terrorism. explain something to me. last year, my wife saved three little girls from drowning in the mississippi river and then she drowned a heroin. where is my check? bad things happen to good people every day in this country and you do not have a 9/11 fund. there was no 9/11 fund after katrina. after tornadoes or forest fires. to delegate all of this uthority, president bush, ken, i want you to do the 9/11 fund. no second-guessing, you decide. that is not the constitution. that is not checks and balances. president obama with the bp oil spill. great job, thank you. on behalf of the american people, you got out in 16 months , $6.5 billion, two people who suffered economic harm. all that was was a handshake between bp and the president. no laws, no regulations. that is not the constitution and that is not america. i get involved when policymakers decide, very rare. we have to think out-of-

witnesses include kenneth feinberg. other witnesses include scholars and consult on exhibit in the compensation. while we wait, discussion from the "washington journal is morning's "washington journal" on the tarp oversee -- oversight hearing. ted kaufman was appointed to the post by harry reid. elizabeth warren resign to be an adviser to the new consumer financial protection bureau. . . [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] >> the meeting at the congressional oversight panel will now come to order. >> my name is ted kaufman. i am the chairman for the congressional oversight panel for the troubled assets relief program. i want to begin by drinking my fellow panelists for the work they have done. -- by thanking my fellow panelists for the work they have done. it really is remarkable what the panel has done. tarp has been among one of the most controversial programs in government history. i hope to help carry our work forward in that spirit. we are

feinberg, i appreciate your comments. certainly when we set up the model after 9-11, the idea is the one you continue to pursue that victims are not subject to which judge they're assigned to. that you don't have cases handled one somewhere and one way somewhere else. they still have the legal option if they want to take it. but if they want the assurance that these cases are going to be handled in a way that has a structure, they have that from you. now, in that structure, as i understand it, when it comes time to a settlement, you have the ultimate authority on what that settlement would be, am i right in that? >> that is correct. the program is as you just pointed out entirely voluntary. no one has to come into this program. and if they do come into the program, we will determine their eligibility and if they're eligible, the amount of compensation. and only as with 9-11 as you know, only after they know what it is they'll receive, how generous it is. only do they then agree and there is no appeal from my determination

feinberg: we do an end run on theories of tort. we invite people to come into a system which does not to fix blame, does not deter. it compensates, that is all it does, individual victims. 9/11, 94 people, 3%, decided voluntarily not to come into my program. i met with them and i said to each one, why aren't you coming into a program that will compensate you in 60 days with an average award tax-free of $2 million? some would say, i lost my wife at the world trade center. she would want me to sue to make the airlines safer. to make the airlines safer. you are not going to make the airlines safer by suing. the airlines are as safe as they are going to be. even if you believe that a lawsuit will help make the airlines safe, let the other 93 people sue. let 93 people litigate to make the airlines safer. come in and get your money. >> without the threat of a civil jury trial, would bp or gm ever put up that kind of find? mr. feinberg: i doubt it. >> tell me of any kind of civil case where the biggest issue, the one that amounts to the m

feinberg, here is my captain who i work for. he will vouch for me that it is $5,000 per month or whatever. i do not care. but i have got to corroborate it somehow. now, listen carefully. let's say you are able to corroborate the cash, i will give you six months worth of cash. but you are going to get a 1099 from me. you are going to get the irs -- i have got to send you a form from the internal revenue service. i cannot violate the law. i have got to send that 1099. then it is up to you. but i am not looking. ladies and gentlemen, i do not need a tax return to corroborate your cash. what i need is something. i will be as generous as i can, but i cannot violate the law. i cannot accept the claim from an undocumented worker. he does not have to be a citizen. he's got to be a have a green card. i cannot violate the immigration law or the irs. i will work with you guys. i will work with you to try to make this program work. but understand, there are legal limitations. one other thing, very important, very important -- mr. feinberg,

feinberg. i was wondering how you get these jobs. mr.erg did a tremendous job working with the 9/11 victims. i think you x blamed what you're mandatory jurisdiction is. many people need to understand this. my concern is that the company's who are not in that status and may have resumed the excessive compensation structure -- if i understand this correctly, the company needs to be competitive in compensation for retention purposes per however, if they start to bring increased revenues for compensation, that leads them down the road to being less capitalized and unstable again. the question is -- how are the financial institutions who are not under your regulatory power handling compensation? do you see them reverting back to their old ways? are they going away with your guidance? we know you want tarp people at the top of the company. when we saw this whole financial mess starting, is there one person that deserved any compensation being that they got this whole country and in my opinion the world in the mess we are in right now? >> first

feinberg, i made $5,000 on this ship and now we can't fish and i am out $5,000 per month. pay me. show me your tax return. i lost it. .hat happens duri show me check stubs or something. you have to have corroboration. does an all cash business. there is nothing illegal about an all-business but to have to forever in your claim gr. i am not holding it up. i am a fiduciary for the people in the gulf to get the money out. it will be a problem. i anticipate taking much less documentation than would otherwise be required i will take a letter from the ship captain. even if i take that letter, that fishermen will get a 1099. that may scare him off, i don't know. we will say. the issues are eligibility and proving your claim. >> [unintelligible] do you see a conflict and how you are getting paid? see a conflict but i see a perception of a conflict. be careful when you ask that question because i would come back to you and say that bp is paying everybody to run this system. who else should they pay? >> [inaudible] >> i have a career doing pro bono. [laughter] i have to come up -- i am not

page 3, line 1, strike feinberg and insert feinberg. the speaker pro tempore: without objection, the amendment is agreed to and, without objection, the resolution is agreed to. ms. foxx: mr. speaker. the speaker pro tempore: for what purpose does the gentlewoman from north carolina seek recognition? ms. foxx: i have an amendment to the preamble at the desk. the speaker pro tempore: the clerk will report the amendment to the preamble. the clerk: amendment offered bibi ms. foxx of north carolina. in the second, whereas clause, strike feinberg and insert feinberg. in the last whereas clause, insert according to the anti-defamation league after 2017. the speaker pro tempore: without objection, the amendment to the preamble is agreed to and the motion to reconsider is laid on the table. for what purpose does the gentlelady from north carolina seek recognition? ms. foxx: mr. speaker, i ask unanimous consent that the order of the house of january, 2018, regarding morning hour debate not apply tomorrow. the speaker pro tempore: without objectio

feinberg. some of these families have said they want to go to court to seek punitive damages against gm because they feel that will bring gm further to justice for covering this up, for lingering this problem for so long. why should they take what you're offering rather than -- >> they shouldn't. they shouldn't. if an individual family member wants to seek to bring general hotters to justice -- general motors to justice in their mind by seeking punitive damages, they should not come into this program. they should sue. now, i would say this about litigating against general motors: it's one thing if somebody wants to litigate to get additional monetary punishment of general motors. i'm here to compensate victims, not punish general motors. i'm here to compensate victims, innocent victims. sometimes i hear victims tell me or their family we want to litigate because it's the only way we can find out what really happened. i'd be careful about that argument. there are other, more efficient available

feinberg, i don't know what i'm going to do. i'm a sixth generation oyster harvester and my oyster harvesting days are over. now what are you going to do for me, mr. feinberg? how can money possibly replace the heritage that my family built up here in the gulf? this job, all of these assig assignments, require a certain perspective, emotional perspective, on what people are going through, and no matter how creative you may be in coming up with a program that reasonable people would claim is very reasonable and makes a lot of sense, you've still got to sell it to people who are emotionally distraught and that is a big part of what i have to do here. >> now, when you are the most famous, up until presently, i guess, the most famous person who came from brockton, massachusetts, but is everybody else from there speak with that same accent that you have? >> last week in the gulf, i told somebody in biloxi, mississippi, that i speak like a southerner. south bostonner. and i think most people who live in brockton, massachusetts, some o

our special look at the gm recall continues now with kenneth feinberg. general motors victims compensation finder. he does fight on when a families will be compensated and how much they will receive for their loss. the section of the hearing is 50 minutes. >> today, we revisit the tragic at generalfailures motors that killed people. first, i want to acknowledge in my opening remarks that from my viewpoint, the ceo of general up and withtepped kurdish and conviction has confronted head-on the problem thathe corporate culture caused it. some see the record number of recalls at gm as a problem. i see it as a good sign. second, i want to briefly say that i think i speak on behalf of all members of congress who have asked very difficult surrounding these tragic events, that while we are asking tough questions, we have great respect for the workers of general motors. i would like to take this moment to thank the workers at general motors. you are terrific, you build the cars, and you also were the victims of outrageously incompetent management. management was

feinberg, i don't get it. i don't get it. basementer died in the of the world trade center in the committed993 and tax by the very same type of people. why aren't i eligible? and it wasn't just terrorism. dear mr. feinberg, you have to explain to lead to me. last year, my wife saved three little girls from drowning in the mississippi river and then she drowned of heroine. where is my check? bad things happen to good people every day in this country. you don't have a 9/11 fund. there was no 9/11 fund after katrina. or after tornadoes or forest fires or earthquakes. that is not america, these funds. and to delegate all of this authority, president bush -- k en, i want you to do the 9/11 fund. no committees, no second guessing, you decide. that is not the constitution. sussmane why steve would be very concerned about that. president obama with the bp oil spill. great job. thank you. on behalf of the american people, you got out in 16 months $6.5 billion to people who suffered economically because of that oil spill. great. great?

>> i have confidence in ken feinberg. but we need to make sure that bp stands for bills paid.e have to make sure that these fishermen are not left with their family nies holding the historical back. i told the fishermen today, as i told them and other members did in a field hearing in louisiana couple of months ago, that we intend to ensure that everyone found is paid. that $20 billion i'm sure bp would like to walk away from by minimizing the accounting of it any of these individual fishermen and a way to only give them 20 cents or 50 cents on the dollar. our job will be to make sure -- ken feinberg and bp -- and a check to each fishermen in a way to ensure that the history of their families are not sent thinly and irreversible direction. direction. >>

feinberg? i wanted the public to ask the questions first. we have a number of people because claims have been delayed, we need a moratorium with the banks in the loan institutions to stop them from possibly foreclosing on businesses, homes, and people's assets. we need a lot of help to protect those people that are going through this situation right now. [inaudible] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] >> in a few moments, a discussion on conducting trials for guantanamo bay detainees. in about an hour, plans to send more national guard troops to the u.s.-mexico border. and after that, president obama encourages senators to pass a bill extending unemployment insurance. on "washington journal tomorrow morning, we will talk with a deputy cia director john mclaughlin. and we will discuss the future of medicaid. "washington journal" live on c- span, every day at 7:00 eastern. >> the senate judiciary committee will vote on the nomination of elena kagan. watch live coverag

feinberg, i don't get it. last year my wife saved three little girls from drowning in the mississippi river and then she drowned a heroin. where's my check? you've got to be very, very carel in establishing a very generous come pen caution -- compensation program that compensates only a very few people in this country who are the victims of life's misfortune. bad things happen to good people every day in this country and they don't get on average tax-free $2 million as survivors with taxpayer money and yet i will vigorously and have vigorously defend the wisdom of the 9/11 fund. it was the right thing to do at that moment in history not from the perspective of the victims but from the perspective of the country that wanted to demonstrate its allegiance. its empathy. its community with the victims' families. it was the right thing to do. but don't replicate it and if you're going to replicate it don't tie it to the tort system so that a banker's widow is getting $3 million and the fireman's widow is getting $1

feinberg --it will come from the administration's compensation czar.he will actively that all executive compensation changes at the companies that have received more than one taxpayer lifeline. he will also have the power to veto compensation without bailout money. on thursday the house financial- services committee will hold a hearing to examine how compensation practices contributed to financial collapse. this is broadening the scope to companies outside of the ones having received financial rescue money. guest: yes, and from chairman frank, you will seek giving shareholders more rights. something for the past 25 years we have moved away from. shareholders have not really been the owners for the past 25 years. you will see more shareholder rights and shareholder flexing their muscles. host: next on our independent line. caller: good morning, i would like to ask the reporter with his general political philosophy is. today we cannot count on a lot of our main press to tell us just that -- they generally just have an agenda. number two, what i believe i

today, the feinberg school of medicine remains at the forefront of medical education. it is the top 20 school and accepts over 6.5% of applicants. it is part of the mcgraw medical center of northwestern university, one of the nation's leading academic centers focusing on research, clinical services. today with an increasing need for health care and changing research and technology, the demand for high quality innovative medical schools is high. feinberg provides this challenge, challenging education based on ongoing research and the latest developments. i'm happy to congratulate the feinberg school of medicine on the 150th year of its founding and ask my colleagues to support this resolution. i reserve the balance of my time. the speaker pro tempore: the gentlelady from hawaii. ms. hirono: mr. speaker, if the gentleman from kentucky has further speakers, i reserve the balance of my time. the speaker pro tempore: the gentlelady reserves. the gentleman from kentucky. mr. guthrie: thank you, mr. speaker. i do have a speaker, and i'd like to yield as much time as she may c

feinberg? some people have said if there was 40% ownership by the taxpayer, was that the standard?what was the standard that determined who the seven companies were? >> in the regulation itself, actually mentions the specific names of the programs that they are under but i think your question more goes to what is the logic and rational. i think our feeling is that some of the things we have done, some of the facilities that were set up or set up to be generally accessible to companies, financial institutions at large and they are often set up because we think that there is a positive public purpose in them participating. we think, whether a community bank, if community banks wanted to not have more capital, if they wanted to do less loans we believe it is in the interest of recovery to have stronger capitalization of banks and the stronger lending profile, so those are generally excessive programs. where a company comes to the u.s. government and the u.s. taxpayer and requires exceptional assistance that is not being offered to their peers because they face an enormous threat to th

. >> going forward, what kind of latitude are you going to give ken feinberg? >> ken feinberg, as you know, is an expert in this area and has tremendous experience and we are going to have our first meeting with him on friday and, you know, we are going to examine a wide range of opportunities and leverage his expertise. >> are you looking at that investigation report when finish standard? >> i will share and be transparent with those items that are appropriate so share. there may be -- everything appropriate to share and everything related to consumer safety, everything related to the customer. >> in written format? >> that has not been determined yet. >> thanks q guys. all right. >> thank you. >> at another hearing on capitol hill, g.m. c.e.o. mary barra testified about the safety of the company's cobalt, more than 1.62 million vehicles that were recalled. here's a look. >> is that cobalt car, as driven now, safe for your daughters to drive? would you allow them behind the wheel? >> i would allow my son and daughter -- my son, because he's the one eligible to

feinberg. however, the congress has an ligation ensure that this fund is operating properly and fairly so that the people in the gulf remain whole for the harm caused to them and that the economy of the gulf is to get back up and running again. it is not absolutely clearf the fund is actually under the jurisdiction of this or any other congressional committee, and i is chairman appreciate your willingness of mr. feinberg to, and to sit before this committee today. today there is a large hole in proper oversight and accountability to ensure legitimate claims are getting the attention they deserve, and that the process of the ministry of payments is conducted in a timely manner. there is an appropriate effort in congrs to direct an open transparent funds and i certainly hope and expect the fund will comply. and it can be expected the committee will continue to to properly conduct oversight into the process, payments and operations of the fund in order to ensure that there is a transparent and fai

feinberg is opening stained it. -- mr. feinberg's opening statement. >> i appreciate the opportunity to testify before this committee. the questions that have been raised are what i expected in appearing before this committee over and over again over the years. i will try to address briefly in some fashion what i am doing and answers to some of these questions and then whatever the committee's pleasure, i will respond. i am in charge of an independent gulf coast claims facility under the arrangement entered into between the administration and bp. i am designing and administrating an independent facility. i am beholden to night did the administration or bp. i work with the people of the cult who are in desperate straits and seek financial assistance from this facility. it will be up and running next month in august. it will transition from bp -- i give bp some credit, they have already paid out over $200 million in claims. we can do better, more efficiently, but unlike 9/11 are some of these other tragedies, there is an inf

feinberg, he did earn this. there is a lot of way to corroborate.there are different ways to corroborate. but there has to be something. you have to worry about fraud. so that you don't divert good many -- could money away from eligible people. that is part of the challenger. we will see. >> we have been hearing reports in the news about the health effects on workers, of the chemicals being put on the oil. is that part of the mandate or is that a downstream issue? >> know, that is part of the mandate. they can come into the fund, the families. but you're right, respiratory or dermatological, detergent on the all of my hands or the clubs or whatever. they're about 850 physical injury claims that have to be dealt with. corroborate, show is your medicals, and how sick are you? i am disabled. you are? if you are disabled, where is your social security and disability? where's your workers' comp disability? show me that you are disabled. corroboration is absolutely necessary to make sure that eligible claims get adequate compensation. and that will be a c

feinberg let me just wrap up with a few rap fire questions. does that mean and you wiare willing to say that the fibb fishermen who were involved with the bp claims process, are you saying to them now, one of the issues is outreach. for them to get this information they may be vessels of opportunity and be doing some work but not getting all that they need. are you saying to them now they can reach out and you will take what they have been given an reassess it if it is a new start? >> yes. >> thank you. pending legislation, as you know, you are working with our committee staff, might impact what bp's liebility would be. my question is if for example ws were passed that suggested that damages became available would your rules of protocol change to assess those damages particularly mental health and otrs that are drastically needed? >> yes. >> in the amount of staffing that i think my colleague in inquired of. you said you were using familiar faces but also looking in the region. do you know how many you might be working with in your operation?

feinberg: the e.o. that went out last week or -- i'm sorry, ten days ago was aimed specifically at amtrak. we are looking beyond amtrak to see if we would take similar or other steps at other commuter railroads and we went directly to amtrak and others beyond that. >> only amtrak. ,s/ms. feinberg: for the emergency order. >> does that mean you have the authority to tell connecticut and massachusetts, are they able to be included with that. ms. feinberg: that would want work for the emergency order that's currently out, but that's what we're looking at right now for next steps. >> see if you can include them? ok. mr. boardman, positive training control. you said in your statement you're committed to getting it by the end of the year. the -- can you talk a little bit about the process that you've been talking to the last couple of months and i know you were talking spectrum and that was the last step of the equation and can you talk about the cost and the money? you have the mono sdpe can you talk about t

feinberg to get engaged so that we will move forward. it has been a good, open, and dynamic process. and we are hoping it will be quite successful. in answer to the gentleman's question, move this whole process much quicker. host: donna from ohio. independent line. caller: i've wanted to say, my prayers go out to those people, and my question is, british petroleum had such an interest in this country. i know up north, all the bp stations change their name because we boycotted them because of their inactivity of closing this. do you think they will ever get this thing close? and what well but -- the result be on the ecosystem in louisiana and surrounding area? guest: thank you for your concern. we obviously hope we will get it shut down. when no one of the relief wells is very near to entering -- those with experience in the oil and gas industry believe there is a high chance of success there. the current closure attempt is being investigated now. hopefully it will impact us. that is kind of part of our problem here in south louisiana, in

feinberg, i don't get mr. feinberg, i don't get it. my daughter died in the basement of the world trade center in the 1993 attacks. it was not just terrorism. explain something to me. last year, my wife saved three little girls from drowning in the mississippi river and then she drowned a heroin. where is my check? bad things happen to good people every day in this country and you do not have a 9/11 fund. there was no 9/11 fund after katrina. after tornadoes or forest fires. to delegate all of this uthority, president bush, ken, i want you to do the 9/11 fund. no second-guessing, you decide. that is not the constitution. that is not checks and balances. president obama with the bp oil spill. great job, thank you. on behalf of the american people, you got out in 16 months , $6.5 billion, two people who suffered economic harm. all that was was a handshake between bp and the president. no laws, no regulations. that is not the constitution and that is not america. i get involved when policymakers decide, very rare. we have to think out-of-

subsequent to that, ken started his own firm, feinberg company, now feinberg, rosen, and in that position he was asked to do a number of other things in the alternative dispute resolution area, in the mediation area. until recently probably best known for having been the special master in the 9/11 compensation fund, and he did that pro bono, distributed some $7 billion to more than 5,000 members or victims or the families of the victims of the 9/11 accident and tragedy. subsequent to that, he was appointed as a special master to help administer the virginia tech funds relating to those killings. and then most recently ken has been doingwo things. one is serving as the special maer relating to the compensation for those who perceive, executives who received compensation under the t.a.r.p. funds and also, as i think everybody knows, he's recently appointed by bp and by the administration to help administer and serve as the administrator for the bp $20 billion fund. and in that context ken, i think l make some remarks today about what he's doing in that regard. so i'm very pleased that ken i

feinberg and a review panel -- that can be done in an expedited manner. if an individual is not happy at that point, they retain all of their legal rights. bp can only seek an appeal of mr. feinberg determination if the claim is in excess of $500,000, or if he certifies the appeal as allowable. >> is that the amount the white house thinks is enough to cover all the damage? >> we want to make sure that the erratic resources there for people to know that they could have their claims met. there are -- state and local governments may have claims. >> just to reiterate, this does not in any way limit or cap the economic damages that bp may be responsible for, or the natural resources damages. it is not a floor arquette and does not limit in any way their responsibility. -- not a floor or a cat. >> -- not a floor or a cat. >> the president spent 20 minutes or so at the beginning of these meetings for several hours, as the group was in discussing the details of the framework agreement. the president spent 25 minutes with the chair alone in the oval office. i thin

feinberg: i doubt it. mr. rosen: there you go. mr. feinberg: i doubt that very, very much. mr. wilson: this -- mr. rosen: bert, this question is for you tell me of any kind , of civil case where the biggest issue, the one that amounts to the most money is not intent. i have never tried a case where intent is not the key issue. just like it was the issue in the obamacare supreme court case. what did congress in 10? what did the parties intend? who better than a jury of your peers at ascertaining what people really mean and think and intend? that is not technical. what is the intent? mr. rein: you do not have to prove willfulness to win. you have to prove it for additional certain rewards, but all you have to prove is that you infringed the claims of the patent. you know that better than anybody else. you are being too cute. thee are live at congressional where cbo director keith hall will give us an outlook for the economic here. this is life. again. morning, i am keith hall at the congressional budget office. we have released a net day to our previous economic projections for t