are you still chairman toomey, here is chairman reid. chairman brown is still there, go ahead. >> senator reed from rhode island is recognized. >> thank you very much, and mister chairman, welcome. senator cortez and i have introduced legislation as 4857, private markets, transparency, and accountability act. based on that legislation, we are required for most private companies to register with the s cc. and i think that it is necessary, because we have seen in public registrations and extraordinary increases in private companies that control some public companies, and some other companies. can you describe the main differences between the main markets and private markets when it comes to investor protection? >> we benefit in this country with vibrant -- risk in this agency, about those public companies and public access to the disclosures there is truthful and we protect against fraud manipulation. that is of course different if it is a private company, and not that my dad would've done this, but buying and selling the stock with his pa

. >> thank you, mister chairman. chairman counselor, welcome back to the committee. good to see you again. the fcc, as we all know, as a critical role to play in protecting investors, maintaining fair, orderly and, efficient markets, and facilitating capital formation. unfortunately, some of the fcc's recent actions and inactions raised concern about how well it is carrying out this mission. take for example the fcc's handling of crypto lending platforms like celsius and voyager. celsius and voyager were offering interest rates as high as 18% if customers would lend their digital assets to them. the firms would then lend that crypto to presumably other larger investors to make short term bets on the crypto market. once the crypto sell-off began, many borrowers could not pay their debts. these platforms froze customer accounts. the sec took enforcement action against block five for similar activities last winter, yet somehow let cell seat and and voyager continue to this spring when both companies blew themselves up and declared bankruptcy with investors staring at bi

he is a chairman read? chairman brown is still there. senator reed from rhode island is recognized. >> thank you very much. mister chairman, welcome. we've introduced legislation, s 4857, private markets, transparency and accountability act. the registration would require nations to register with the sec and they would be subject to disclosure requirements. i think it's necessary because we've seen the decline in public registrations and extraordinary increases in private companies that are controlling. some public companies, some other companies. can you describe the main difference between the public markets and private markets when it comes to investor protection? >> we benefit in this country, a vibrant capital market, public markets and private markets. my dad never had a company that was caught up in your bill. but he had a small business with 30 employees. i think that's very helpful. there's a difference in disclosure and a difference, as you said an investor protection. because congress gave this agency a remit about those publi

good morning, chairman taco. chairman pallone, and thank you for mr.ne for, your longtime commitment to the recycling caucus. it's great to see you. ranking members morris rogers and mr. mckinley, thank you mr. mckinley, for your sponsorship of a great bill. my name is billy johnson, and i'm the chief lobbyist for the institute of scrap recycling industries. it's always an honor to be here for you today to discuss the important role of recycling to our economy and to our environment. thank you for inviting the reflecting industry, the industry responsible for collecting and processing the recyclables into great commodities. and to provide our thoughts about the different pieces of legislation today. recycling is an essential solution to responsibly supplier domestic and global manufacturing supply chains. the sustainable raw materials that help combat climate change and serve our national resources and safe energy. further, the recycling industry directly employs more than 164,000 people in every congressional district in america. but also generates ov

chairman. chairman gensler welcome back to the committee. it's good to see you again. the sec as we know has a critical role to play in protecting investors and facilitating capital formation. in foresight some of the sec's recent actions and in actions raise concern about how well it's carrying out this important mission. they for example the sampling of crypto landing platforms. they were offering interest rates as high as 18% of customers with when there had digital assets to them. the firms could go to larger textures to make short-term investments on the market to many borrowers couldn't pay their debts and these platforms grows customer accounts. the sec did take enforcement action against the former activities thus winter in somehow to continue through the spring when both companies blew up and found themselves in bankruptcy with investors during a billions in losses. where was the sec and where was the sec in verifying the rules of the road for crypto market for dissidents? the chairman

chairman.cognized to summarize a statement for five minutes. >> in morning chairman and members of the committee the largest public water sanitation utility representing 31000 wastewater utilities. i'm also an active farmer and as a wastewater system operator on a part-time basis. it's an honor to appear before you today to discuss critical water infrastructure would like to give credit to our associations that chairman thompson has addressed mississippi rural water has been on the ground looking to restore critical wastewater services volunteers from other state associations include georgia, florida and alabama south carolina and ohio and maryland. they all came to assist in the efforts to restore operations with service lines and necessary to disinfect the system. the services were provided at no cost to the city. and the affiliates that are governed by 350 volunteer directors we have more than 750 professional workers in the field with boots on the ground 24 hours a day 365 days per year rea

>> chairman emmer: absolutely not.and our candidates, again, what we tell them is you know your districts, you know how to run to the people that are going to be voting for you in november, and i am convinced that when people vote, they are going to ask the question, am i better off today than i was two years ago, but they are going to no. prices are out of control, my security is in jeopardy, it's time for a change, and they are going to vote in a new republican majority. >> mike: republicans have been highly critical of president biden's student debt giveaway, some have suggested is even unconstitutional. if you win back the majority, should republicans i in a house sue or take some other action to block the president? >> chairman emmer: i will let the future speaker of the house kevin mccarthy tell you what the plan will be on that, but when it comes to this unilateral move by the president, it's not only illegal, it's unfair, and it's wrong. if you think about it, every american who either chose to go into a trade

chairman pallone, chairman tomko. in the president and ceo of the plastics industry association originally founded in 1937. we strive to represent the entire supply chain of the plastics industry which nearly one million americans are employed. our membership includes material suppliers equipment manufacturers, processors and recyclers. let me first say i very much appreciate the commitment of this committee to pursue solutions that will increase recycling rates and reduce waste . there's a saying in our industry . we love plastic, we hate plastic waste. the way we see it any molecule of plastic material that leaves the economy is a waste. we need to collect, sort and reprocess more material plain and simple. that goes for all substrates. for too long, too much of the recyclable material that was collected was shipped overseas countries like china were building the recycling infrastructure, america was asleep at the wheel. we weren't significantly investing in modernization or expansion of material covering facilities

>> thank, you mister chairman. we are at the department of justice will come ongoing discussions about possibilities for international tribunals being constituted to address these horrible crimes. crimes of the kind that we saw in the video that you screened, and these heartbreaking images around the room. we know from experience at nuremberg, and more recent experiences in the hague, involving the international tribunal for the former yugoslavia, the tribunal for rwanda. other such efforts that these kinds of modalities of addressing such crimes can be very effective. but as always, it's the details that matter. and again, we welcome exploration of those possibilities. >> it seems to me that in light of the unpopular conscription effort by putin at the present time, that's the united states and other nations that oppose putin's aggression made it clear that there will be accountability, even for untrained soldiers being handed guns and sent into combat. do you think this is an important moment to make that point c

chairman. as the previous chairman was talking about portland being an unprecedented and let's talk about another unprecedented event and that was a storming of the capitol on january the sixth. nobody could have anticipated it would be as as it was but there were certainly warning signs including the radical commentary on the internet for several days leading up to the events of that day where people tried, they didn't try, they did storm the capitol and tried to overturn our elections. it was hyperpartisan and it was neofascist and pro violent and it was racist. it should have been a hint that this had been festering on line for several days and we are not seeing that kind of incendiary language to that extent right now but there are lessons we could learn on how to spot potential events like this. i would ask mr. cline how is your agency working with others to keep apprised of misinformation on line to stay aware of credible threats to federal buildings as a result of that in conjunction wit

chairman read. >> chairman are you still there? >> senator reid from rhode island is recognized for. >> thank you very much. introduce legislation s4857. private markets transparency and accountability act. based on legislation would require nation's largest important private companies with the scc. they would substitute appropriate disclosure requirements. i think it is necessary we are seeing the decline in public registrations and extraordinary increase in private private companies he described the main differences pin the public mark in the private markets when it comes to private investment protection? >> public markets and private markets are in my dad never had a company that would be caught up in your bill but he had a small business that had 30 employees. until i think that is been very helpful pray there is a difference in disclosure and as you said investor protection. because congress gave this agency a remit about public companies that the disclosures there and you have fraud and manipulation but that is of course it d

so thank you, chairman schatz and vice chairman murkowski for the time.flooded with all kinds of emotions that are fighting against my words. and i heard the throats almost begin to close for our secretary, holland and assistant secretary knew and. i and me as well. because we can't speak these, speak on their behalf without seeing our own relatives faces. how we can hear our brothers and our sisters, our aunts, uncles, and grandmothers share their stories within our circles in their homes. the truth commission, the truth and healing commission, will give us that opportunity to have a public, the opportunity to have it validated by the public. it is one thing to share your stories within your home or your community but it is another place to share it where it is going to be validated by the outside entities that brought this on. it brings a healing in itself. it addresses what we call disenfranchised grief in our communities. a grief that has not been acknowledged or brought to any healing. i have witnessed this as a commissioner for the main weapon that

chairman schatz. vice chairman murkowski. and members of the committee . [speaking native language] it is deeply meaningful for me to speak to you from the ancestral homelands of the antique austin and piscataway people. thank you for the opportunity to present the department's testimony at this important oversight hearing on the federal indian boarding school initiative, an s-2907, a bill to establish the truth and healing commission on indian boarding school policies in the united states. the biden-harris administration is determined to make lasting a lasting positive difference in response to the trauma that federal indian boarding school policies have caused. i would also like to thank my dear friends, senator warren and co chairs of the congressional native american caucus, representative sherice davids and tom cole, for prioritizing legislation to address these policies. for over a century and a half, the federal government, including the department of the interior, forcibly removed indigenous children from their families and communities and many nev

>> thank, you mister chairman. my concern here is that people will not see they eeo process as independent. we heard that when we talk to employees. we heard that when we talked to eeo personality departments. and folks working on the hpp process. there are strong concerns that there needs to be more independents for the eeo because the person in charge of hr is also in charge of discipline and defending the department. if there are concerns that that person is going to not take the eeo complaint seriously because they are going to want to defend the department instead of pursuing that complaints. so, i think there's a real challenge here. i'm also concerned that the department has changed its mind several times on whether he concurs with this recommendation, as well as our second recommendation. i am heartened to hear that they are going to try to pursue the second now. but in the past, they disagreed at agreed and -- i am hopeful that there is follow-through. >> thanks for those comments. just to reiterate, there

chairman.e seeing away the cyberattacks with the pipelines chemical plans and manufacturers last year hackers gained access and could change the chemical settings in a way for the local water supply. but then demonstrates the damage that it could cause. so with the most recent ransomware attack with the water company in the uk within the water sector. >> i'mid sorry to hear the last part of the question. >> so would you consider driving stronger cybersecurity practices because of those incident quick. >> it's a great pointri cybersecurity is very important and is similar to the infrastructure and the calls are outrageous for utilities to continue down the path toow keep utilities safe. we do everything we can we are in a better position of other utilitiesut that on it day-to-day basis looking at the attacks and the number of threats that come to the system on a day-to-day basis but at the end of the day the utilities are very prone to cyberattacks and it's something we have to build up and work

i said we are both chairman. can never have too many of them. chairman of the morris, manning, & martin law firm in atlanta, georgia, which along with mr. goldstein firm is member of national brownfields coalition and i understand your the principal author of george's new brownfields legislation as well so many interesting insight you will provide. and finally a friend from west virginia, mr. carico, director of west virginia brownfields assistance center at marshall university, and we are marshall, which assist committees across virginia. i told him before we started that my sis is a graduate, proud graduate of marshall and a bunch of my cousins as well. about every ten, 20 years they knock somebody off in college football. ohio state i think about -- michigan, michigan about 15 years ago an earlier this year notre dame. my sister and my cousins are hard to live with when that happens. but i'll get through it and so will they. our thanks to each of you for joining us here mr. goldstein, we are going to lead off

>> thank you, mister chairman.d, as we have looked at this report, as you have noted in your early remarks, there are some 53 marked or unmarked burial sites that we know of now, of students who have died at the schools -- there was an article about a month ago in the anchorage daily news detailing about the family of mary, a girl who attended an industrial school in pennsylvania. she died at the school, apparently shortly after her 14th birthday. and her family thinks that she could be -- that her remains could be at one of those unmarked graves in the school cemetery. so, to the kenosha family and to others who are trying to bring their children home, what resources or services if any does the department have to provide to the families that are seeking repatriation? family remains from any of these former indian boarding school sites? is their assistance to the families? >> thank you, vice chairman. so, carlile in particular it's now army war college. and, i actually went to carlile to help some tribes repatriate

chairman. i will follow your lead because all the logistical challenges, want to thank you for holding the hearing i do want to tell you i am proud of our copyright system i'm also proud of the work i've had the privilege of doing with you, mr. chairman. i think that we have to continue to work on copyright protections. we p have to continue to recogne that it's a $1.3 trillion economic impact annually, and employs nearly 7 million people. and i believe that the work that we've done in the past has been a great step, case act at 120 being one example, the work you did before i came into the senate, another example, the work we intend to do in this committee. but in the interest of time i think maybe we could get to the opening statement and double submit my full statement for the record. thank you. >> thanks, senator. >> thank you. good afternoon, chairman leahy, ranking member tillis, and members of the subcommittee. would like to begin by thanking chairman leahy for his decades of advocacy to

chairman. chairman gensler, welcome back to the committee. good to see you again. the s.e.c. as we all know has a critical role to play in protecting investors, maintaining orderly markets and facilitating capital formation. unfortunately, some of the s.e.c.'s recent actions and inactions raise concern about how well it's carrying out this important mission. take, for example, the s.e.c.'s handling of crypto lending platforms like celsius and cels foager. they had rates as high as 18%. the firms would then lend that crypto to presumably other larger investors to make short-term bets on the crypto markets. but once the selloff began, many borrowers couldn't pay their debts and they froze customer accounts. the s.e.c. did taken forcement action against block five for similar activities last winter. yet, somehow let celsius and voyager continue through this spring when they found themselves in bankruptcy with investors staring at billions in losses. where was the s.e.c.? and where's the s.e.c. bee

mister chairman. i couldn't grow agree more. thank you. [inaudible] thank you mister chairman. i appreciated. >> thank you senator cortez. -- thanks to the witnesses. i would like to submit for the record the testimony of -- of california, whose former employee made her sound a trap, putting her into debt -- totals like to submit for the record the testimony last week assad earlier this week last week of -- their stories depriving the struggles with employer driven debt and new credit products as an important context to mean would needs to be a worker living with that. four senators who wish to submit questions to the record, they are due tuesday, september 20th. each member of the panelists of 45 days to respond. the hearing is returned. thank you for joining us. >> [inaudible conversations] [inaudible conversations] the chair of the u. s. securities and exchange commission, gary gensler, testified on ways to protect families saving for the future. he also talks about the risks of cryptocurrencies. the hearing before the senate banking committee is just over two hours. [inaudi

chairman. as you've indicated, i was talking about as i well. crypto currencies live g by every day americans right now. and some concern that had the cftc has not had a customer protection mandate and therefore may not have the tool that you need to protect these retail customers. could you respond to that? >> thank you, senator. i would say unequivocally the commodity exchange act and the rules that the commission from the law supports protection and without question. in thinking about the layers and there's several layers to the customer protection regime. you see it's important to identify at this sort of foundational level with more specific requirements for the registered and it's directly addressing cybersecurity and operational risks and this is directly about protecting customer funds and customer assets. conflicts of interest, something you noted in the issue area and core principle and entities that your bill contemplates with the trading platform and brokers, dealers, custodians and

chairman. i want to say, great, with the last time and the awards and our nutrition ball. i want to thank you for that. i want to thank the panelists for being here today. our engagement on the african continent must be partnership of shared economic security, political development, objectives. while the u.s. office partnership the prc in russia seek to leverage their offers fought financing or security guarantees. for their own political, economic, and priorities. perfect example of this is the ccp's debt trap to plummet see-through -- an initiative. when i meet with partners now and allies around the world i ask, why they're entering into dangerous agreements with chinese counties party. they told me it's because we're not there, as you mentioned, mr. chairman we're not on the field, we are beyond the field if we're gonna win. the u.s. government needs to show up and compete. and by 2050, 25% of the world population will live in africa. and over 60% of the continent is under the age of 30. th

you, mister chairman. let me join the chairman in recognizing and thanking miss irene ray for her years of service to the committee. to the senate and to the country. we really do appreciate your good, solid, consistent hard work. thank you. the fact is, across america every month, americans are falling further and further behind because of president biden out of control inflation. paychecks are not keeping up with rising prices. after adjusting for inflation, wages have declined 5% since president biden took office. the fact is working americans are getting poorer every day. and our democrat colleagues wasteful spending, growth killing regulation, and excessive monetary policy or exactly what caused 40 year high inflation and now economic contraction. what is the response we hear from our democratic colleagues? they want to chant through a reckless tax and spending bill that will make this disastrous situation even worse. hiking core protections will slow economic growth and especially when americans manu

chairman. i want to follow up on what mr. torres was asking about and just to clarify the fscs, obviously any assessment or responsibility for the security counting measure and mentation is shared on a pro rata basis with the tenants but for the fsc it does have to be unanimous support of all members of that to adopt a recommendation, am i correct? >> the fsc the ten members are given a weight with respect to the vote based on square footage. footage. if you have a facility with three members and one a of those members square footage was 66%, then their vote would be the driving force. the other two members out of majority could not go against this to move forward. >> to build on his line ofin questioning, is a majority of the fsc? >> based on square footage. >> thank you. i think it was a misunderstanding unanimity versus majority opinion. dating back to the reasons why they are not implemented, the gao report there were inexplicable reasons. agencies planning to move and if you're only goingen to be in a facility and releas

thank you. >> thanks, sir. >> good afternoon chairman lahey. ranking member and members of the subcommittee. i will like to begin by thanking chairman lahey for his decades of advocacy towards the constitutional admissions of promoting useful art. mr. chairman, you have been a champion of copyright through your career. your role in shaping today's copyright system as well as your steadfast support for the copyright office are greatly appreciated. since our last hearing before the subcommittee, the office has published a lot. we began this year by issuing a new strategic plan aimed at making the copyright system more accessible and up-to-date. in june we launched the groundbreaking small claims tribunal established by the claims act. as of today, 100 50 claims have been filed and the copyright claims board is moving efficiently to process them. it is still too early to know how heavy the caseload will turn out to be. meanwhile we are actively reaching out to the public with information about the existence of operations in this new tribunal. the

chairman. i yield back. mr. casey: thank you, ranking member scott. before i move to -- we'll have introductions of our witnesses. i want to acknowledge members who are here already. senator collins, former chair of the committee. he's been part of the -- and who has been part of the effort of producing and publicizing our fraud books in the past. we're grateful for her leadership. senator blumenthal is here from the state of connecticut, as well as senator scott from florida. let me move to our witnesses. our first witness is dr. marty delima, an assistant professor at the university of minnesota's school of social work. she's an interdisciplinary gerontologist with a specialization in fraud and scams. she's collaborated with a variety of financial institutions, aging organizations and federal agencies like the federal trade commission. doctor, welcome. our second witness is nancy famcaener. she's a senior adult protective specialist for san diego county in california. she's dedicated her care

chairman. >> thank you. senator hirono. >> thank you, mr. chairman. whenever there is a natural disaster, sba is among the first agencies to step forward and certainly hawaii has had its share of natural disasters. the want to thank you and administrator guzman at all the men and women who work at sba for being there as they have been. it's clear that the prior administration did not set up adequate protections against fraud, waste, and abuse. so you are doing, i guess that you are doing everything you can to ameliorate those deficiencie deficiencies. the ppp and i look were massive, massive programs and attack you have about 4 million loans that are coming to. did you not request additional resources for sba so that you can process these loans that are coming to? >> yes, i believe that 2023 budget makes a request for the servicing. what you are referencing is begin in october so less than 60 days from now we will begin to service payments it as a caminos and as you know, senator, there were 30 months of deferment. i please report that a third of covi

as well as the chairman's bill. which has a pay-for. i think this is an important, important piece of legislation. i hope every member of the body will support it. i yield back the balance. the speaker pro tempore: the gentleman from ohio reserves. the gentleman from new york is recognized. mr. nadler: mr. speaker, i now recognize the gentlelady from connecticut, ms. delauro, for two minutes. the speaker pro tempore: the gentlelady is recognized. ms. delauro: mr. speaker, i rise in support of the fairness for 9/11 families act. 9/11 is a day that left an indelible mark on all of us. we all remember where we were. when the towers fell, they took so many innocent lives. and the families left suffered irreplaceable loss. this bill would provide catch-up payments to 9/11 survivors, spouses and dependents who were unfairly excluded from the u.s. victims of state sponsored terrorism fund. while no amount of money can make up for their loss, this bill would fairly compensate them for their claims against those responsible for one of our nation

chairman brownlee, i recognize you for five minutes. >> thank you mister chairman. to follow up on representatives frankel's questions around protection for community care providers. is this something that you looked into and know definitively that they would be protective under federal supremacy? or is it something that still, i'm not a lawyer, is it something that could be looked into that a change in the contract terms could protect them under federal supremacy? >> i will say that nor am i a lawyer, madam chairman, i think that is best offered back to you after this hearing for the record. what we looked into about their options on that, and ultimately the determination we made that can be questionable basically based on the community providers needing to adhere to the jurisdiction of their states. >> and, because, in essence, this rule becomes effective immediately, correct? >> yes, madam chairwoman. effective as a publication in the federal register. with a period of public comment that we will strongly consider and certainly respond to. >> very good. i think y

we will now recognize chairman purpose for five minutes. >> thank you mister chairman. thank you to our panel for what you're doing to meet the needs of our women veterans. i just wanna mention a project in my district. the manchester v8 medical center is slated to open in 2023 i know are veterans are looking forward to that. it's going to go a long way to provide equitable care to women veterans an environment that suits their needs. a key barrier for women veterans, which they've cited and accessing gender specific -- it's a poor experience of general safety and comfort with the environment at va facilities. in accordance with -- they require our facilities to follow certain standards. policies specify privacy, dignity, sense of security, and safety considerations that all clinical spaces nba medical centers must meet. so to ensure compliance with the standards, vhs directs via champ cease to conduct regular inspections. but ba relies on facilities to self respect their compliance. g.a.o. found in its two most recent reports that facilities don't always accurately sel