chair. you vowed to keep at it until we are confident the job is done. it is a value should fulfill. with this morning's confirmation that inflation is well above the 2% target and 3% and making a move upwards, other economic indicators are positive. as you reported yesterday, allowing for raisman -- and patient rate, solid gdp growth and financial conditions continue to support expansion and investment. this is not a time to say there are no risks but some perhaps unseen. however, these risks in comparison to the risk of a resurgence of inflation present or modest, given the already high prices due to president biden's inflation, american simply cannot afford further price increases at the grocery store and gas pump. such a resurgence would likely force the fed to begin another tightening cycle picking more just, credit cards and small business loans and -- unattainable for many. that's why urge the fed to forge ahead with its monetary policy duties until you're confident the mission is com

. >> i'm chair mandelman i serve as chair you are vice chair is vice chair melgar thin jamie lee from sfgovtv as well as our clerk amy saeyang and with that, madam clerk, call the roll. >> >> commissioner chan, present. >> >> commissioner chen, present. >> >> commissioner dorsey, present. >> >> commissioner engardio, present. >> >> commissioner fielder presenter. >> commissioner mahmood, present. >> >> chair mandelman, present. >> >> vice chair melgar, present. >> >> commissioner sauter, present. >> >> commissioner sherrill, present. >> >> commissioner walton. >> chair we have quorum. >> thank you, madam clerk >> will you please call oh, actually no seems ivy believe you is public comment. >> >> we welcome >> location: legislative chamber, room 250, city hall watch sf cable channel 26 or 99 (depending on your provider) watch www.sfgovtv.org remotely the the best way the best way the best way the best way item, when the item is called, dial '*3' to be added to the queue to speak. do not press *3 again or you will be removed from the queue. allowed 2 minutes to speak. when your 2 minute

chair. first of all, i'd like to acknowledge the great work o budget chairman has done t bring us to this point today it's taken him hundreds of hours d tested his bloodressure quite seriously to get us to this point. and i rise today in firm support of this resolution. in november last year, 77 million americans demanded changes in how our federal government is working for them, paicularly in the disastrous policies from the last four year and i plan to help deliver on those demands by fixing how washington works and implementing president trump's agendao make america first. thisesolution giv us the framework we need to meet the demands of those 77 million americans. those demands include fixing our border, this crisis once d for all. this resolution does that. those demands include unleashing american energy. this resolution does that. the chair: the gentleman's te has expired. mr. edwards: mr. chair, i urge strong support for this resolution. thank you very much. mr. arrington: i reserve.

item five election of chair and vice chair for 2025.this is an action item. >> thank you, madam clerk. nominations are now in order for the office of the chair. commissioner madam, i would like to nominate our extraordinary chair matt dorsey to continue to serve. >> thank you. commissioner randleman. >> is there a second shot? commissioner sherril are there any further nominations? if so i think nominations are now closed. madam clerk, can we please check for public comment on nominations for the office of chair? >> there are no public. there is no public comment in chambers. operator is the remote public comment? >> there is no remote public comment. thank you operator. the public comment is now closed. >> and madam clerk, could we have a roll call on the nomination of chair on the nomination to elect commissioner dorsey for chair? commissioner chen chen i. commissioner dorsey all right. dorsey i. commissioner and cordial and cordial i. commissioner fielder. fielder i. commissioner mahmood mahmood i. vice chairman edelman. amendment i.

chair. the gentleman fro texas. mr. arrington: thank you, mr. chairman. i yield one and a half minutes to my friend, the gentleman from he the hoosier state of indiana, mr. marlon stutzman. mr. stutzman: i rise in strong support of this resolution promise we made to the american people by extending the tax cuts and jobs act and fulfilling president trump's agenda. this is direly needed. for the past four years the american people have lived through the longest sustained period of dt and deficit in our nation's history during that same time, americans have also had to grapple with hyrinflation. and record high energy costs. and grocery costs at t grocery store. th budget will usher in a new golden era that the american people are yearning for and where free enterpris can flourish energ production is unashed, and our fisl health is restored. is budget does so by extending the tax cuts and jobs act which devered wage increases of 4.9%. d the lowest povty and unemployme rates in 50 years. this b

. >> i'm chair mandelman i serve as chair you are vice chair is vice chair melgar thin jamie lee fromcommissioner chan, present. >> >> commissioner chen, present. >> >> commissioner dorsey, present. >> >> commissioner engardio, present. >> >> commissioner fielder presenter. >> commissioner mahmood, present. >> >> chair mandelman, present. >> >> vice chair melgar, present. >> >> commissioner sauter, present. >> >> commissioner sherrill, present. >> >> commissioner walton. >> chair we have quorum. >> thank you, madam clerk >> will you please call oh, actually no seems ivy believe you is public comment. >> >> we welcome >> location: legislative chamber, room 250, city hall watch sf cable channel 26 or 99 (depending on your provider) watch www.sfgovtv.org remotely the the best way the best way the best way the best way item, when the item is called, dial '*3' to be added to the queue to speak. do not press *3 again or you will be removed from the queue. allowed 2 minutes to speak. when your 2 minutes are up, we will move on to the next caller. calls will be taken in the order in which the

welcome, chair power -- chair powell. less than a month ago you expressed serious concerns over the risks of inflation, but since then the fomc has cut the target rate by 100 basis points, as you mentioned in opening remarks. fomc says now that they felt the labor market and inflation have reached a point where you are comfortable maintaining the target range. markets have been pricing in fewer cuts. i want to talk probably about the market conditions that you see. is there evidence of a higher neutral rate and emerging at this point? chair powell: yes, let me say there was a lot of reason to be concerned about downside risk towards the middle of this year, but concern has diminished significantly, labor market is very strong. my own view, and there are many different views on this, the neutral rate will have risen meaningfully very hard to be precise about it. extraordinarily so, historically. many of my colleagues feel that way. sen. haggerty: seems that way. i would like to turn now to what seems to be a popular topic

chair harrison: thank you, madam chair.se] madam chair, back home the pastor would say you already preached a sermon. all of the church needs to say now is amen. candidates, staff, please leave the members only floor. a candidate must receive a majority of votes cast in person or by proxy in order to win office. should no candidate secure a majority of the votes cast, we will proceed to a subsequent ballot with the lowest vote-getter removed. if no one receives a majority, we will move to a second ballot with the lowest vote-getter removed. there is no specified gender requirement for this office. this office does not affect the overall gender balance of the offices. the staff will now begin distributing ballots. please, raise your hand to receive a ballot if you need a proxy ballot please raise both hands. staff, we have some hands up. ballots are being distributed. keep your hands up until you receive a ballot. [quiet indiscernible conversations] chair harrison: we still have some more hands on this side of the room, to t

chair, very briefly. chair graham: absolutely. senator wyden: we will have millions of nursing homes without nurses and there is a great effort to try to work out something in this area that will be bipartisan. for example, as i mentioned rural areas being so important in the senate. we give them five years, essentially, to work this out. so i would just say, i think it would be a grievous error to cut the most vulnerable in our society. you can prevent that by supporting this amendment and i yield back. chair graham: thank you. all time has expired. we'll vote at the appropriate time. senator sanders. senator sanders: thank you, mr. chairman. this amendment that i'm offering is quite simple and very straightforward. mr. chairman, at a time when we spend more on the military than the next nine nations combined, at a time when the pentagon failed its seventh financial audit in a row and cannot account for trillions of dollars in assets -- i mean, even in washington, $1 trillion is a lot of money. at a time of massive fraud, waste,

chair.such thing as acting for us, but, but i don't know. it's up to the administration. i'll tell you the way we look at it is we're going to do our jobs, and i think there are a number of things that can be done that'll be very constructive. and you know, if there is a new vice chair for supervision, i will welcome that person and do everything i can to make them successful. >> ok, thank you. >> yesterday you noted that basel 3 endgame could be finalized fairly quickly. given last year's extensive public comments. will you ensure the rule does not restrict access to capital and fully incorporates industry feedback? and as you stated, you felt that the capital reserves for banks was about right. so i'd imagine you're not looking for anything too drastic there. fed chair powell: no, that's right, yeah, that's correct. >> ok, great. so the cpi this morning came in a little hotter than expected at 3%. did this surprise you? fed chair powell: it was the cpi reading was above almost every foreca

chair powell: correct sen. marino: it is disingenuous to hear my father talk about inflation when they caused it. you work at the department of treasury. at what point do you think they were going to run out of ink? did it concern you it was possible that they were printing so much money that the treasury would have to find alternate ink suppliers? chair powell: it did not occur to me, but good question. sen. marino: something that concerns me a lot is the idea that we would look at -- like china in any way. can i get your commitment that we will never have a central bank digital currency? chair powell: yes. >> it makes me happy to hear you say that free is something that matters to me and entrepreneurs all over the country is why can't i wire somebody money at 6:00 p.m. eastern time? can we get a 24/7 scenario when wires are cleared every day all day? i think that would be very helpful to businesses all over the country. chair powell: that's coming, just slowly. we have that at fed now. we will get in touch wi

chair, very briefly. chair graham: absolutely. senator wyden: we will have millions of nursing homes without nurses and there is a great effort to try to work out something in this area that will be bipartisan. for example, as i mentioned rural areas being so important in the senate. we give them five years, essentially, to work this out. so i would just say, i think it would be a grievous error to cut the most vulnerable in our society. you can prevent that by supporting this amendment and i yield back. chair graham: thank you. all time has expired. we'll vote at the appropriate time. senator sanders. senator sanders: thank you, mr. chairman. this amendment that i'm offering is quite simple and very straightforward. mr. chairman, at a time when we spend more on the military than the next nine nations combined, at a time when the pentagon failed its seventh financial audit in a row and cannot account for trillions of dollars in assets -- i mean, even in washington, $1 trillion is a lot of money. at a time of massive fraud, waste,

chair powell: i'll be glad to. we considered this really at length, and we did decide to withdraw from the ngfs. really, the reason is the work that they do has broadened very significantly. think about nature-related risks and biodiversity and things like that. in addition, the work of the ngsf is in significant part intended to, and this is a quote, mobilize mainstream finance to transition to a sustainable economy. so we join to get the benefit of understanding what other central banks were doing and seeing research and things like that. i think this is just way beyond any plausible mandate that you could attribute to the fed, and so we have a narrow role, as i said many times, and i think that the activities are not a good fit for the fed, given our current mandate. so i just think it was time to acknowledge that, you know, the process dates back, thinking about it dates back a couple of years. i made the decision to bring this to the board some months ago. it just, the process just took time to get here, and t

chair powell: yes. there was a lot of reason to be concerned about downside risk in the labor market toward the middle of this year but that concern has diminished significantly. the labor market is very strong. the evidence in my view is that the neutral rate will have risen meaningfully from what it was, clearly very low before the pandemic. but i think it has moved up and many of my colleagues feel that way too. sen. hagerty: i would like to turn to what seems to be a popular topic at this point and that is the cfpb. in your response to the question earlier, you confirmed that when the cfpb submits quarterly funding requests, the fed is not in a position to exercise any discretion over what the funds are used for. chair powell: as long as it is compliant with the law. sen. hagerty: it just strikes me that the fed is not in a position to hold the cfpb accountable for what it does or how it spends its money? congress has not been allowed to hold the cfpb accountable for what it does or how it spends it

i'm madam chair. no, madam chair, no. the clerk will report the total four yays, eight nays in those have it. the amendment is not agreed to. mr. leisure. fernandez. you recognize that? i myself, which would protect funding for programs, services? which would i make a note move the committee to make an order. amendment number 64 offered by myself, which would protect funding for indian tribes. the federal government has a trust responsibility to tribes. but yet we've never adequately funded the programs that benefit that. what it's worth is that last month, trump and elon musk indiscriminately fired federally employees who work on this program, and they have found themselves with frozen funding in my own district, one quarter of the staff at the southwestern indian polytechnic institute was fired. one quarter. you cannot run a college when you have gotten rid of a quarter of the staff, we need to stop these firings and funding freezes and we need to honor our trust responsibility. my amendment simply make sure that the ho

chair chan vice chair and chair dorsey and supervisor and gaudio. my name's jason zook from san francisco. general hospital. >> we're asking for retroactive approval for this grant from the department of justice to support the casework program at general hospital. that sorry the child and adolescent support advocacy and resource center. this is to build a new unit for the casework program at general hospital. enhancing accessibility and collaboration with the csf emergency department. the funder is the department of justice. and the amount is $829,025. the child and adolescent support advocacy and resource center offers trauma focused psychotherapy and educational training to diverse groups including community providers and youth. >> the build out of the casework unit will include secure tunnel access to the emergency department. this secure tunnel access will facilitate improved patient care evidence, integrity and safety protocols for interactions involving law enforcement, strengthening overall service delivery. >> currently the casework unit is

chair harrison: thank you, madam chair.se] madam chair, back home the pastor would say you already preached a sermon. this story is done. members, i have the results from the chair's ballot. there were a total 428 votes cast in person and in proxy. more than a quorum -- more members registered post quorum. the majority in order to win, 214.5 votes. ken martin, 246.5 votes. ben wikler, 134.5 votes. martin o'malley, 44 votes. abstained 4. faiz shakir, 2. jason paul, 1. note votes for hathaway, snyder, williamson. my friends, with 246.5 votes, ken martin is now the chair of the democratic national committee. folks, -- folks, my friends, i have crisscrossed this country in a bus, in a van, and in a car with this man. give a dnc welcome to the new chair of the democratic national committee, chairman ken martin. >> thank, chairman. thank you. let me start by saying, we have one team. one team. the democratic party. we have 15. the fight is not in here. the fight is out there. the fight is for working people. the fight is for our

chair sola: yes. -- i don't have that information. sen. blackburn: ok. and we have talked some about the neutrality treaty, which i think is of concern to all of us and as i have looked at this and i appreciated senator sullivan's questioning on this, we look at how president trump is going to push forward with getting this issue addressed. we have heard a good bit about this, looking at what happens coming out of the port of memphis. i think that the government of columbia learned a lesson, that we are not going to go soft on some of these issues and when you look at the fact that the u.s. is a primary user, the primary user of the panama canal and we are also panama's largest provider of direct foreign investment, i think those two things should be significant. our foreign investment into panama is $3.8 billion annually. this is why people are looking at this issue. professor, let me come to you on this and we thank you for joining us remotely. shouldn't our investment in panama be contingent on the

i am the chair of the mighty michigan democratic party and vice chair. in both of these roles i have seen again and again how unfailingly supportive ben is of his fellow chairs and that is why i'm supporting him. he has fund raised with me to raise money for the michigan democrats and i know he has provided organizing and fundraising models to many others. he has also raised this money the right way. he doesn't use gimmicky tactics, he builds programs that works working with diverse vendors rather than the same old consultant class. he took wisconsin from a state under total republican control and in four years ended gerrymandering, struck down an abortion ban, flipped 14 legislative seats, and sent tammy baldwin back to congress. these results have earned him the trust of donors large and small. and in the five year since he became chair they raised $230 million. ben is ready for this job on day one. he can raise the funds that we need to put them to work where they will be most effective. in the states. let's get behind ben, a battle-tested leader, and

>> thank you madam chair. just a friendly reminder to those in attendance to please make sure to silence all cell phones and electronic devices to prevent interruptions to our proceedings should you have any documents to be included as part of the filing should be submitted to myself the clerk public comment will be taken on each item on this agenda. when your item of interest comes up in public comment is called. please line up to speak on the west side of the chamber to your right in my left along those curtains. >> and while not required to provide public comment we do invite you to fill out a comment cards and leave them on the tray by the television tray left by the doors. >> if you wish to be accurately recorded for the minutes alternatively you may submit public comment in writing and either in the following ways email them to the government audit and oversight committee clerk monique creighton hat memo and i q you eat not see our a hawaii t o n at s.f. go v.org if you submit public comment via email it

chair. honorable commissioners of the ethics commission. i'm edward diocese. i am the deputy director of administration of finance for the office of the clerk of the board. the board of supervisors and i am speaking on behalf of the office of the clerk of the board as well as madam clerk angela calvillo. >> i just passed out a copy of the letter that was submitted by the clerk of the board yesterday in case you need a copy for your review. at the meeting today i'm here to speak on behalf of the clerk of the board and urge you to continue maintenance of the current 126 form process and you sign as the letter spells out both ethics commission as well as the office of the clerk of the board. i've worked on this system since 2018. we really do appreciate that work that stephen massie and the ethics commission has done accommodating some of the business processes and the input from our office. i really am here to urge you to continue maintenance of form 126 and to continue responsibility over it

thank you, madam chair. once i can just a friendly reminder to those in attendance to please make sure to silence all cell phones and electronic devices to prevent interruptions to our proceedings should you have any documents to be included as part of the file they should be submitted to myself the clerk. public comment will be taken on each item on this agenda. when your item of interest comes up and public comment is called please line up to speak on the west side of the chamber to your right my left along those curtains and while not required to provide public comment we do invite you to fill out a comment card and leave them on the tray by the television to your left by the doors. >> if you wish to be accurately recorded for the minutes alternatively you may submit public comment in writing in either of the following ways. he mailed them to myself the budget and finance committee clerk hat b r e.a. dot j a l i pay at as f g of your g if you submit public comment via email it will before that the supervi

chair. and we've had this in front of us a few times now this item is a little bit of a basic form 700 conflict of interest hygiene a thing that we have to do every few years or and we had to continue it last time because there was some more meet and confer obligations that needed to be met. i think that those have been met and i guess i would just ask our deputy city attorney brad russi if there's anything more we need to know about this item. deputy city attorney brad ressie yes, good morning. >> supervisors yes. this this item is just the annual bi annual update. we have to do this to the conflict of interest code that just changes the positions that need to file and might change the disclosure categories for some of those positions d h r has confirmed that the meet and confer is concluded and so this be sent to the full board assuming that the wants to do so. >> thank you so much dcity attorney comments from colleagu. >> let's go to public comment on item number one. yes, members of the

chair comer: the chair recognizes mr. bell. rep. bell: today marks just over two weeks since the trump administration took office and in the last 16 days we've witnessed an unprecedented, full-blown attack on federal workers into the services they provide to people at home in our districts. a power grab by the doge and unelected officials that have the ear of the president. to my colleagues, i'm not surprised by the president's executive orders but as a prosecutor, rule of law matters. i hear about teleworking, we need to get people back to work, but several of my colleagues and myself went to usaid and the administration had told them to teleworking stay home so i'm a bit confused on the value of these arguments. the president has instituted a hiring freeze, slept federal workplaces with hostile and counterproductive policy changes, took action to potentially purge large swaths of the federal workforce and weaponized career professionals by threatening involuntary reassignment. he also sent federal employees and email offering them

chair. honorable commissioners of the ethics commission. i'm edward diocese. i am the deputy director of administration of finance for the office of the clerk of the board. the board of supervisors and i am speaking on behalf of the office of the clerk of the board as well as madam clerk angela calvillo. >> i just passed out a copy of the letter that was submitted by the clerk of the board yesterday in case you need a copy for your review. at the meeting today i'm here to speak on behalf of the clerk of the board and urge you to continue maintenance of the current 126 form process and you sign as the letter spells out both ethics commission as well as the office of the clerk of the board. i've worked on this system since 2018. we really do appreciate that work that stephen massie and the ethics commission has done accommodating some of the business processes and the input from our office. i really am here to urge you to continue maintenance of form 126 and to continue responsibility over it

chair. >> mr. scott. >> i want to make sure anybody watching knows donald trump has confirmed all ira equipment contract signed prior to january 20 will be fit paid, the funding has been approvedfor release so anything other than that , fear mongering, thank you. >> let me point off the record after that last comment we've been watching this administration for the first few weeks and the creation of this doge by elon or whatever cut workerswho manage federal waste . workers tasked with working on the nations nuclear weapons program were laid off but that someone realized how stupid it was then they fired food inspectors, 700 people who work for the centers of disease control were fired. usda actually fired people working on the bird flu so forgive me and forgive us if we don't trust him and trump or republicans when they tell us don't worry. don't don't trust when you say you're not going to cut important programs because even with intervening and stopping some of these phrases the administration f

chair comer: the chair recognizes mr. bell. rep. bell: today marks just over two weeks since the trump administration took office and in the last 16 days we've witnessed an unprecedented, full-blown attack on federal workers into the services they provide to people at home in our districts. a power grab by the doge and unelected officials that have the ear of the president. to my colleagues, i'm not surprised by the president's executive orders but as a prosecutor, rule of law matters. i hear about teleworking, we need to get people back to work, but several of my colleagues and myself went to usaid and the administration had told them to teleworking stay home so i'm a bit confused on the value of these arguments. the president has instituted a hiring freeze, slept federal workplaces with hostile and counterproductive policy changes, took action to potentially purge large swaths of the federal workforce and weaponized career professionals by threatening involuntary reassignment. he also sent federal employees and email offering them

mahmoud i chair melgar i melgar i madam chair there are two eyes and one no with vice chair chen in the dissent. >> okay. thank you. that motion passes. let's go and noted let's go to item number three please. >> thank you colleagues just a moment while i correct my notes. >> agenda item number three is an ordinance amending the building administrative and public works codes to remove the local requirement for existing buildings with a place of public accommodation to have all primary entries and paths of travel into the building accessible to persons with disabilities or to receive a city determined person of equivalent facilitation. technical feasibility or unreasonable hardship. the ordinance affirms the planning department's determination under sequel. >> okay thank you so much. we are joined by the president of the board of supervisors district supervisor rafael mandel. man thank you for introducing i will turn it over to you. >> it's a busy day here at landis. i guess every day at landis is a busy day but thank you for finding time for me to talk to you about this legislation whic

[applause] vice chair barr: it is great to be here with all of you. thank you for the warm introduction and for hosting me today. it is great to be in a room full of students, which is an environment that i cherish. and have spent much of my career in front of. delightful to be with you. i am going to give, chris said, i will give formal remarks. the advance warning is that they are full some. at the end of those remarks, chris and i, will have a chance to talk and then we'll open it up for questions from all of you which i very much look forward to. banks play an indispensable role in an economy that works for everybody. they enable households to borrow to buy a home, to say for the future, and to deal with the ups and downs with managing finances. banks provide credit for businesses to smooth out income and expenses, supply capital and seize new opportunities and create jobs and facilitate the floe of payments that are the lifeblood of our economy. and banks borrow from households and businesses as well. such as through federally insured deposits. b

vice chair cheryl cheryl i remember i'm in, man i i chair walton i will deny that motion passes without objection. >> thank you. motion to move this for without recommendation passes mr. clerk would you please call item number two? item number two is the ordinance amending the campaign and governmental conduct code to update the conflict of interest code form 700 statement of economic interests filing requirements by adding, deleting and changing titles of certain designated officials and employees to reflect organizational and staffing changes and be refining disclosure requirements for certain designate officials and employees. >> thank you president amendment thank you chair walton. so this is a little bit of housekeeping every two years the political reform act requires that san francisco review and update its conflict of interest code. sometimes we have new positions that have been created in that time. sometimes positions have gone away and so all of the departments take a look at their various folks who have to report under the political reform act and and provide updates to our