crapo: mr. president, i ask that the quorum call be vitiated. the presiding officer: without objection. mr. crapo: thank you, mr. president. i ask unanimous consent that the senate be in a period of morning business with senators permitted to speak therein for up to ten minutes each. the presiding officer: without objection. mr. crapo: mr. president, i ask unanimous consent that the appointment at the desk appear separately in the record as if made by the chair. the presiding officer: without objection. mr. crapo: i ask that the chair lay before the senate the message to accompany s. 2511. the presiding officer: the chair lays before the senate a message from the house. the clerk: resolved that the bill from the senate, 1s 2511, entitled an act to require the under secretary of commerce for oceans and atmosphere to carry out a program on coordinating the assessment and ak acquisition by the national oceanic and atmospheric administration of unmanned maritime system to make available to the publi

three minutes. >> i can hope. >> thank you, chairman crapo. the banking regulators -- recently banking regulators have noted the risk and the leveraged lending market but only well after the market has reached record highs. we've seen lending move outside the banking system and fuel the significant increase in collateralized loan obligations. what's the s.e.c. doing to monitor the growth of risky loans outside the traditional banking system? >> so, what i could say is, many months ago, and i don't want to say too many, but four or five, we started looking at this issue in detail, and you touched on a number of things that we should be looking at in your opening remarks. so kind of from beginning to end, you've got issuers on the one hand, which, you know, do we have too much leverage at the issuer end of the spectrum, companies borrowing too much money, too much increased leverage, all the way through to the end investors, whether it's mutual funds, pension funds, and the like. and there are entities in between, including rating agencies, bank

. >> thank you, chairman crapo. welcome chair clayton are . nice as you can. thank you for your service. i assume this be the last banking committee hearing for this congress. i'd like to express my thanks and appreciation for the work of senators donnelly and heitkamp and corporate and help over the years, so thanks to all of them. we discussed the sec's enforcement program in previous hearings in a recent meeting, chairman clayton, as your pilot the sec has worked hard to return money to harm investors. i agree that's an important goal but enforcement can begin and end with protecting wealthy investors. ten years ago today bernie madoff was arrested this is china ponta scheme was disposed expos but there's no doubt ponzi schemes still exist. your report shows sec is focused on finding them and punishing the wrongdoers as you should. we also know a decade ago bernie madoff was far from the biggest threat to most families. it was wall street firms that are just wrecked our economy and just as sec will continue to pursue ponzi schemes must also continue to purs

building live to go to is about all there is of that roxy is not alone here his grave is part of the neck crapo lists of secada a city of the dead for pharaohs and high level civil servants researchers have only opened up a tiny fraction of the ancient treasures buried here but officials say this newly uncovered tomb is a highlight and it took us something like a month or couple of days and we did reveal one of the greatest films i like it the most the although that it did a lot of takes give a shit as and the last that years. in twenty nine thousand experts expect to find many more sensational discoveries under the sand here. canadian freestyle skier mikhail kingsbury forceful food poisoning as he won his second bogles world cup event the season in china the olympic gold medalist posted a ninety point three one to the fifty first victory of his career and he's fifth straight in china in the women's event american. took with a score off eighty three point eight for her first win of the season and a third of her career. so the bundesliga show fun of his after the break with. find out if meant co

lives to go to is about all those of the dots roxy is not alone here his grave is part of the neck crapo lists of a city of the dead for pharaohs and high level civil servants researchers have only opened up a tiny fraction of the ancient treasures buried here but officials say this newly uncovered tomb is a highlight and it took us something like a month and couple of days and we did reveal one of the greatest films i like it the most the although that it did a lot of takes give a shit and the last years in twenty nine thousand experts expect to find many more sensational discoveries under the sand here. sports now and saturday as anybody to see could games are in the books let's take a look at the results so far on match day fifteen. say it had to have been by munich hanover. took down freiburg and hoffenheim vs ended scoreless send drew on friday night. but in saturday's late game dortmund all shaking on the human and on sunday night mines all frank fish will face. and a reminder of the top story we're following for you you know events for assistance in france are in the street for a

opportunity for dodd frank reform which would not have been possible without senator crapo who i leave with nothing but fond feelings. i think he was a great leader on the banking committee. as a result got great things done. a lot of the result of that has been in achieving the commission on the status of native american kids. we were able to forge an interesting political alliance on a carbon capture bill. if we had talked about it as a climate bill it would not have happened. we talked about it as technology. had two chief cosponsors. instanceoint to every but you have to do it. you have to approach people respectfully. i think one of the reasons why i was successful was i just checked ideology at the door and that was about getting something done and not about winning. winning in this town is about politics. governing should be about setting goals and getting things done. we do too much winning, too much politics. we don't do enough governing. perception is nothing is getting done, washington is broken, the parties are not working together. >> on big things like, obviously, supreme

this one hour and 15 minute hearing begins with banking committee chair mike crapo. >> this hearing will come to order. today we will receive testimony from securities and exchange commission chairman jay clayton regarding the work and agenda of the sec. your appearance before the committee is appreciated and essential to the oversight of the sec. i thank you for your willingness to testify. the sec has a critical mission to protect investors, maintain fair, orderly and efficient markets, and facilitate capital formation. the sec plays an important role in public confidence and trust in our nations capital markets and provides information to investors to ensure as americans prepare for their future they have the information necessary to make informed investment decisions. i commend the sec for the work to advance these missions. last week this committee held a hearing to discuss the appropriate role of the proxy advisory firms, the shareholder process and level of retail shareholder participation. many members expressed interests in continuing the discussion on the appropriate relationsh

senator crapo, senator donnelly, senator tester, instant warner. no one thought we could get that done, but we did because we believed we could. think about that. i worked with republicans and democrats, the first carbon legislation that passed here, i can't speak to ear other pieces and senator sheldon whitehouse collaborated and said we can't agree on climate, but we can agree on technology and this is essential to tackle the problems of carbon emissions in this country. so don't say it can't be done. if you can get sheldon whitehouse and mitch mcconnell on a bill that involves carbon on coal industry, that's a good day here. i worked to help to address detrimental impact exposure to trauma and it's an issue i hope you all will become better informed on, trauma and effects it has on many of our children and i worked with dick durbin who let me take the ball and run with it, and i'll always be grateful for. and worked with cory, cory booker from new jersey, if we change american families, address why it is that we do everything that we've always d

senator crapo, senator donnelly, senator tester, senator warner recognizing the challenges of small lenders and how we needed to address those challenges. no one thought we could get that done but we did because we believed we could. think about that. i worked with the republicans and democrats, probably the crowning achievement together in terms of bipartisanship to deal with war don -- carbon capture. the first major piece of carbon legislation that's been passed since i've been here. i can't speak to other pieces. how did that happen? it happened when senator barrasso and senator capito and i and senator sheldon whitehouse collaborated and said we can't agree on climate but we will degree on -- agree on development of technology that will change outcomes. this technology is absolutely essential to tackling the problems of carbon emissions in this country. so don't say it can't be done. if you can get sheldon whitehouse and mitch mcconnell on a bill that involves carbon and the coal industry, that's a good day here. that's a really good day here. and so i want to -- i've worked to help to

so to senators blunt, capito, crapo, fischer, gardner, lankford, portman, scott, tillis, and young, thank you. i also want to thank my whip staff, both current and former. this includes john chappey, sam beaver, noah mccalla, johnny slimrod, and my first chief of staff, russ thomason. what has been so amaze to me is how seamlessly my whip staff also worked with my texas official staff as well. we all worked literally as one team. and i want to thank all of my texas staff for their contributions to our successes. we all rely on our staff around here a great deal. that's doubly true of the -- of my entire staff over the last six years. now, i've come to think of the whip operation as really an intelligence operation. these outstanding men and women have been my eyes and ears. they're all incredibly smart. they're devoted and hardworking. so i want to say to all of them thank you for everything you've done to serve the conference and the senate as a whole. as whip you're provided with the security detail comprised of capitol police officers. these men and women are extraordinary professional

senator crapo, senator donnelly, senator tester, senator warner recognizing the challenges of small lenders and how we needed to address those challenges. no one thought we could get that done but we did because we believed we could. think about that. i worked with the republicans and democrats, probably the crowning achievement together in terms of bipartisanship to deal with war don -- carbon capture. the first major piece of carbon legislation that's been passed since i've been here. i can't speak to other pieces. how did that happen? it happened when senator barrasso and senator capito and i and senator sheldon whitehouse collaborated and said we can't agree on climate but we will degree on -- agree on development of technology that will change outcomes. this technology is absolutely essential to tackling the problems of carbon emissions in this country. so don't say it can't be done. if you can get sheldon whitehouse and mitch mcconnell on a bill that involves carbon and the coal industry, that's a good day here. that's a really good day here. and so i want to -- i've worked to help to

crapo: thank you, mr. president. mr. president, i come here today to talk about an issue that has been talked about quite a bit here on the floor today, and that is the situation in syria. now, i know there has been a lot of debate today about the -- what's happening there and what happened today in syria, but i bring to the floor today something that i think should get the unanimous consent of everyone. the house passed this resolution some time ago. it was by voice vote, no recorded no votes. so essentially a unanimous consent bill. when i am through with this, i'm hoping that everyone who is here would agree with me that this is the right thing to do, it's something that will actually address the situation that is taking place in syria. this bill declares that it is u.s. policy to use all diplomatic and economic means to compel the government of bashar al-assad to stop the slaughter of the syrian people and work toward a democratic government. now, the use of sanctions are a critical tool of u.s. foreign policy, and t