service along with these other television providers giving you a front row seat to democracy. >> now a hearing on the impact exclusionary zoning policy. affordable housing. held by a house financialvices subcommittee. this is one hour 45 minutes. >> i will open up with for minutes. four minute introduction and then we will recognize the ranking member of the trial. i am very much interested in this topic. i started out my political political career on the city council. i was on the planning and zoning committee. of course that is where i learned about human beings when they start dealing with zoning. and, right now, we still have what we had back in the 1980s when i had to plan the zoning committee in kansas city. everything that could be brought into a city, just not near their own home. that included all kinds of problems. including problems of affordability. the type of housing is a national crisis and many observers and experts believe that this is worse than it has been at any point in our history. if you look at the data from the citizen's bureau and everything from this year, the median sale price of new residential homes in the united states was about $390,000. $390,000.

families hits, leading us democratic party representative maxine waters, the who's head of the house financial services committee. her daughter's again been recorded earning hefty payments from campaign funds. financial disclosure, reco reveal, she paid her daughter karen more than $80000.00 over the last financial year. 6 shoots the total she's received from a mother over a decade. sloane korea, to more than $1100000.00. she's been paid for running some thing that's an uncommon federal practice called slate mailing. we're consulting firm is hired to list rival candidates on their policies and advisors who to vote for the congresswoman faces coals to go. this is how democrats, socialists work. they take care of their own while people they represent lose jobs, pay high taxes, and in many cases go homeless. i am calling on the resignation of maxine waters. she needs to be investigated. maxine waters did this before and face no legal consequences. she know she isn't going to face legal consequences now. lowest fairly vague about us politicians using campaign funds to pay family. members of the election co

and the $200.00 to $20.00 election financial services firms contributed over $2000000000.00 to politicians. and most of those people are now currently serving on the house financial services committee. and you know, the financial services firms did it correctly, they gave about 47 percent to republicans and 53 percent to republican. so it has to go through these legislative hurdles. it's really going to be dead on arrival. i, i don't see any sort of support currently on for any type of repeal on payment for order flow. and even if they did ed, it would still have to go through the se, see rule making process as well. so it's a, it's going to be a very long and diff, difficult um, process to begin with. so i, i just don't see it happening at all. but i am, sorry, miles, i just have to clarify something. you're telling me that big business in the united states, donates millions of dollars to congressional members and whole. yeah. and so does, in my millions, 1000000000 in hopes that they will follow through with the policy that they want. i'm, i'm absolutely shocked. i, i, i know you're shocked and you can ask michael bloomberg, why they contributed a $16

on c-span two, you can watch today's house financial services housing subcommittee with experts on zoning. that starts at 8:00 eastern tonight on c-span to come at c-span.org, or watch on our app, c-span now. >> download c-span's new mobile app and stay up-to-date with coverage of the day's biggest political events, from livestream's of the house and senate floor, to key hearings and supreme court oral arguments. even washington journal. c-span now has you covered. download the app for free today. >> the supreme court heard a case involving a kentucky abortion law. the kentucky attorney general is seeking to provide a state abortion law that a federal court has already struck down. this law, if implemented, would ban a certain abortion procedure. the justices have until the end of the term to issue a ruling. >> today's orders of the court have been duly edited and certified with the clerk grade will have arguments first this morning in

storm has had leading us democratic party representative maxine waters who heads up the house financial services committee. so after her daughter was again exposed to pocket involved campaign funds, financial disclosure, reco prevail. she paid karen waters more than $80000.00 over the fiscal year, which ended last month. and that shoots the total, the karen's receive from her mother over a decade, long korea to up to more than one point. 1000000. she's been paid for running and uncommon federal practice called slate mailing. were consulting firms, hired to list rival candidates, and their policies and advisors who to vote for the congresswoman now faces coals to go. this is how democrat socialists work. they take care of their own while people they represent lose jobs, pay high taxes, and in many cases go homeless. i am calling on the resignation of maxine waters. she needs to be investigated. maxine waters did this before and face no legal consequences. she knows she isn't going to face legal consequences. now, the laws for any vague on us politicians using campaign funds to pay family members

s. them aquatic party representative maxine waters who heads up the house financial services committee. after his expose that her daughter has again pocketed vast campaign funds. financial disclosure records revealed that she paid karen waters more than $80000.00 in campaign funds over the fiscal year, which ended last month that shoots the total that karens received from her mother up to more than one point. 1000000 over a decade long career. she'd been paid for running an uncommon federal practice called state mailing, where a consulting firm is hired to list rival candidates and their policies and advisors who to vote for the congress woman. now faces calls to go this is how democrat socialists work. they take care of their own while people the represent lose jobs, pay high taxes, and in many cases go homeless. i am calling on the resignation of maxine waters. she needs to be investigated. maxine waters did this before and face no legal consequences. she know she isn't going to face legal consequences. now. the law is fairly vague on us lawmakers using campaign funds to pay family m

on c-span two tonight, the house financial services subcommittee hearing on the potential effects of a cashless economy on disadvantaged communities, 8:00 p.m. eastern on c-span two, c-span.org, or our new video app, c-span now. announcer: a new mobile video app from c-span, c-span now. download today. ♪ announcer: c-spanshop.org is c-span's online store. browse our collection of c-span products, apparel, books, home depot or, and accessories -- home to core, and assess trees. shop now -- home to core decor. announcer: now phil murphy debates jack sitter really in their second meeting. this is one h

on c-span two, the house financial services subcommittee on the effects of cashless community -- a cashless economy on disadvantaged communities. >> sunday night on q&a, a senior fellow and former wall street journal economist discusses his book. >> opportunity zones created 8764 tax agents across the country. they gave wealthy people an incentive to put their money in those poor communities in exchange for a capital gains tax break. we don't know how much money has gone into them as a result of that arcane senate process known as reconciliation. the provision that required reporting was stripped out. i would say based on the stuff i said, we are talking about tens of billions of dollars going into opportunity zones. unfortunately, i think the bulk of the money has gone into zones that didn't really need the money. they were already improving. or winter projects that would have been built otherwise. >> sunday night at 8:00 eastern on q&a. you can listen on our new c-span now app. >> download c-span's new mobile app and stay up-to-date with live video coverage of the day's biggest political

has hit leading us democratic party representative maxine waters, who was the head of the house financial services committee. her daughter has again been recorded earning hefty payments from campaign funds. financial disclosure records reveal that she paid her daughter karen more than $80000.00 over the last financial year that shoots the total she has received from her mother over a decades long career to more than one point, $1000000.00. she's been paid for running an uncommon federal practice called slate mailing, where a consulting firm is hired to list rival candidates and their policies and advisors who to vote for the congress woman. now faces calls to go this is how democrat socialists work. they take care of their own while people they represent lose jobs, pay high taxes, and in many cases go homeless. i am calling on the resignation of maxine waters. she needs to be investigated. maxine waters did this before and face no legal consequences. she know she isn't going to face legal consequences. now. the law is fairly vague about us politicians using campaign funds to pay family members wit

the house financial services markup for the "build back better" reconciliation bill includes significant funding for community land trusts. when you have zoning proposals to increase density and low income communities of color -- it can be in a localized way or part of a broader based rezoning plan. you can, as an intended or unintended consequence, rapidly increase land value and home value in that neighborhood, running the risk of inflation. that is why it is important and higher income areas. but a community land trust -- that 99 year ground leases structure provides a check on speculation and rapidly increasing prices, so that longtime community residents have the opportunity to benefit from the new investments that may be made in the community. reppo velasquez -- rep. velasquez: how can we on a federal level help courage more neighborhoods to form community land trust? mr. silverstein: thank you. there are a few key pieces. the first piece is funding. certainly, additional funding for amenity land trusts is vital to sustain the model. i am not an expert on this issue in particular,

. >> representatives from the three major consumer reporting agencies testify before a house financial services subcommittee on consumer credit reporting practices. they answer questions on the accuracy of credit reports and scores, the dispute resolution process, and the disparities in credit scores between whites and minorities. >> without objection, the chair has authorized to declare recess of the subcommittee at any time. without objection, members of the full committee not on this committee, this subcommittee, are authorized to participate in today's hearing. as a reminder, i ask all members keep themselves muted when they are not being recognized to minimize disturbances while members are asking questions of our witnesses. the staff have been instructed not to mute members except where a member is not being recognized and there is inadvertent background noise. members are reminded that all house rules relating to order and decorum apply to this remote hearing. members are also reminded that they may participate in only one remote proceeding at a time. if you are participating today, plea

joining us now, north carolina republican congressman ted bud who is a member of the house financial servicesmittee. congressman, as you know, most of americans are in favor of getting some kind of an infrastructure bill passed. it passed the senate back in august. what happened in the house? >> well, what we're seeing is the socialists are really showing nancy pelosi who is boss. i mean, they are actually right now arguing over how much of the government they want to run americans' lives. this has nothing to do with real infrastructure. what we saw in the failed 1.2 trillion dollars bill, it never even came to a vote, thus making nancy pelosi fail and to keep her promise to the moderates. she didn't even keep her promise to them. so i mean, this is just total disarray. i was talking with democrats in the elevator yesterday in washington, and they were ashen. they were stunned at joe biden coming in there and tanking their own bill. this has nothing to do with real infrastructure, but it's simply a trojan horse to get them to the 3.5 trillion, and now they can't even come to grips on what ord

from someone who is sitting at one of the key committees that's looking at this issue in house financial services, really valuable and a perfect segway for us now into the panel discussion and a bit more granularity as far as what is in the report, we have a great set of panelists that can help us kind of dissect a little bit more our detailed research. if i could just take five minutes or so and give you kind of the headline messages from the report itself, and then we'll dig into the details with our panelists. as matt mentioned, this report, degrees of separation, is an effort that was launched in the spring of 2020. we divided the project up into two distinct pieces. the first piece was a historical piece, resulted in a report that we issued in february of this year, and that really looked back to the late 1970's, and the normalization of relations between the u.s. and china. and followed the evolution of that engagement up through the present and, basically, the goal there was to understand the rational for engagement, so the u.s. wasn't engaging with china as pure benevolence, but a way of

we wanted you with us tonight because you sit on the house financial services committee. the drama of the week, raising the debt ceiling? >> well, i think that we're going to probably be able to do that on tuesday of this week. but it would be malpractice if you didn't say this is going to be a short-term situation and there's a lot of damage going to be done to the united states economy, even though we're going to raise it for a short period of time. the reason is that we have had a reliable economy in our country. we have the international currency, the dollar is an international currency. and we're making the people around the world doubt the value of the dollar and whether or not the united states is going to be able to pay its bills. that's not good for our credit rating. >> now, congressman, i read where you called the potential failure of the president's infrastructure plan a, quote, existential threat to democratic majorities in both chambers. i certainly won't refute your view from the chamber. congressman, but for black voters, who got joe biden elected, then wa

on our companion network, c-span2, the house financial services subcommittee on the effects of a cashlessconomy on disadvantaged communities. watch it at 8:00 p.m. eastern on c-span2, c-span.org, or our new video app, c-span now. >> next, representative -- >> sunday night, brookings institution's senior fellow and former wall street journal economist david wessel discusses his book " only the rich can play." >> opportunity zones created 8764 tax agents across the country. they gave wealthy people an incee

. >> securities and exchange commission chair gary gensler testified before the house financial services committee on the agencies priorities. when asked about the debt ceiling and what would happen if the u.s. were to default, he predicted that would be quote significant

as chairwoman of the house financial services committee, i'd like to thank representative maloney for her leadership on this bill, as well as representative mchenry, the ranking member of the committee, for working on this bill in a bipartisan manner. the financial transparency act takes a proactive approach to modernizing our data standards and publication protocols within the financial services industry. this bill requires that the s.e.c., the fdic, the o.c.c., cfpb, the federal reserve, the fhfa work with the treasury to adapt data standards for the information it collects and to upgrades their reporting requirements so that reported data is stored in an open, searchable, and accessible manner. the bill also ensures that these standards are created in a coordinated manner to enable searchability across these agencies. helping to catch bad actors more easily while promoting greater transparency and trust from the public in our financial system. in this digital age, it is imperative that our regulators keep up with our rapidly changing financial markets and utilize technology in a wa

good next, testimony from that experts on personal financial information, before the house financial services task force on financial technology. >> good morning, this task force will come to order . the chair is authorized to declare a resource at anytime . members of t without objection, members not on this committee, authorized to participate in this hearing. as a reminder, i ask all members to keep themselves muted would not being recognized. staff have been instructed to not talk to members, especially members are not being recognized, and there is inadvertent background noise. members, also, are minded that they may only participate in only one remote proceeding per time, participating today, please keep your camera on, and, if you choose to attend a different remote proceeding, turn your camera off. the hearing is entitled, in the light of consumers to access personal financial data. now, i will recognize myself for four minutes to give an opening statement. good morning. welcome to this hearing of the financial services committee, and the task force. today's hearing, discussing variou

he's a member of the house financial services and foreign affairs committees.are you making any predictions about what happens tuesday assuming those two bills get brought to the floor? >> i'm starting to think that it is more likely that the bills won't end up coming to the floor by tuesday. the house rules committee was going to meet tomorrow to advance this bill, these bills across the finish line. it looks like the house rules committee won't be meeting tomorrow. over the course of the day today, i was hearing that the far left of congress, led in the senate by bernie sanders, aoc and her friends in the house, they were prioritizing medicare drug prices, and they might have made progress in being able to get some of the text changed as it relates to that, but the big question is, whether or not senator manchin, senator sinema would be supportive of that bill because i don't know if the house will be passing the infrastructure bill, and passing you would say both bills without having that commitment that these bills are going to pass over in the senate becau

. >>> joining me now is texas congressman al green, a democratic member of the house financial services and homeland security committees. it's good to see you, and let's talk about the president's meeting with manchin and schumer. do you think we are really close to the finish line on this? do you think there will be a vote on both of these reconciliation infrastructure bills this week? >> well, speaker, thank you for having me on, first of all. i greatly appreciate it. i've read and seen that speaker pelosi is optimistic. and when she's optimistic, i think there's good reason for me to be optimistic. she's in the inner circle, she knows what's going on. and i've also heard that our majority leader is planning for a vote. so these are all very good signs. but my hope is that when they meet this weekend, these two, three powerful leaders, that they will consider the lyndon johnson methodology of getting something done. lyndon johnson would relate totally unrelated things in one civil rights bill. he related a dam in hell's canyon to try to get it passed. sometimes you've got to find out

it's a great time to have maxine waters, ranking member of the house financial services committee. >> it's great to see you this morning. we are both filling in this morning. i'm thrilled to share the screen with you. an excellent interview last block. you are right, i'm holding things down for jonathan today. we will be hearing from congresswoman maxine waters. i will talk to her about abortion rights to redistricting and what she's fighting to hold on to in the reconciliation bill as democrats try to lower the cost. you may have seen this. san jose apologized for decades of systemic racism against chinese americans. chinatowns are vanishing across the country in a lot of cities. we will talk about that. we are talking about the importance of mental health day. today is actually world mental health day. we will get into how to manage some of the craziness we are seeing in the world and how not to lose it. it's going to be free therapy for me. we will have -- >> everybody will -- you realize that everybody will be tuning in just for that alone after coming out of quarantine. you ar

the fed chair jerome powell testifying before the house financial services committee today with guidancere of crypto >> no intention to ban >> no intention to ban >> no intention to ban them. the fed chair's remarks come on the heels of china's sweeping crypto ban but chairman powell did go on to say that it is appropriate to regulate crypto currencies >>> folger's iconic "best part of waking up" jingle is up for auction. the royalty exchange accepting bids on the future royalties from the jingle. what does the winning bid get? ownership of the songwriters' share of public performance royalties, which means pouring those residuals in your cup, making money every time it's used in a folger's commercial. >>> and elon musk just passed jeff bezos again on the list of of the world's richest people. so how's he celebrating? well, musk says he'll send bezos a silver medal and a giant statue of the number 2 billionaires they're so clever. >>> on wall street the dow down 547. the s&p down 52. nasdaq down 64 i'm shepard smith on cnbc. it's the bottom of the hour. time for the top of the news feari

. >> representatives from the three major consumer reporting agencies testify before a house financial services subcommittee on consumer credit reporting practices. they answer questions on the accuracy of credit reports and scores, the dispute resolution process, and the disparities in credit scores between whites and minorities. >> without objection, the chair has authorized to declare recess of the subcommittee at any time. without objection, members of the full committee not on this committee, this subcommittee, are authorized to participate in today's hearing. as a reminder, i ask all members keep themselves muted when they are not being recognized to minimize disturbances while members are asking questions of our witnesses. the staff have been instructed not to mute members except where a member is not

has hit leading us democratic party representative maxine waters, who's the head of the house and financial services committee. her daughter has again been exposed for pocketing vast campaign funds. financial disclosure records reveal, she paid her daughter karen more than $80000.00 over the fiscal year, which ended last month that shoots the total she has received from her mother over decades long career to more than one point. $1000000.00, she has been paid for running an uncommon federal practice called slate mailing, where a consulting firm is hired to list rival candidates and their policies and advises who to vote for the congresswoman. now, faces calls to go. this is how democrats socialists work. they take care of their own while people they represent lose jobs, pay high taxes, and in many cases go homeless. i am calling on the resignation of maxine waters. she needs to be investigated. maxine waters did this before and face no legal consequences. she knows she isn't going to face legal consequences. now. i know the law is fairly vague on us politicians using campaign funds to pay family mem

congressman hill sitz on the financial services, senior member of the financial services committee in the house of representatives. he's ranking member of the housing community development and insurance subcommittee. and especially important for this conversation he's also on the subcommittee on investor protection, entrepreneurship and capital markets and the subcommittee on national security, international development and monetary policy. also in addition to that service, he serves as one of two congressional representatives to the 76th u.n. general assembly. it's hard to think of somebody better. i throw in one other personal comment about congressman hill. he and i worked at the u.s. treasury department 30 years ago. he was deputy assistant secretary for domestic finance, i was on the international side as a career civil servant. we intersected, actually that was kind of rare, because the domestic and international kiedz of treasury don't come together very often but we came together and this is relevant, because we were working on a big initiative with japan, the structural impediments ini

congressman hill sitz on the financial services, senior member of the financial services committee in the house of representatives. he's ranking member of the housing community development and insurance subcommittee. and especially important for this conversation he's also on the subcommittee on investor protection, entrepreneurship and capital markets and the subcommittee on national security, international development and monetary policy. also in addition to that service, he serves as one of two congressional representatives to the 76th u.n. general assembly. it's hard to think of somebody better. i throw in one other personal comment about congressman hill. he and i worked at the u.s. treasury department 30 years ago. he was deputy assistant secretary for domestic finance, i was on the international side as a career civil servant. we intersected, actually that was kind of rare, because the domestic and international kiedz of treasury don't come together very often but we came together and this is relevant, because we were working on a big initiative with japan, the structural impediments ini

financial services. he is a senior member of the financial services committee. ranking member of the housing community development and insurance subcommittee. important for this conversation, he is on the subcommittee on investor protection entrepreneurship and capital markets and the subcommittee on national security international development and monetary policy. also, in addition to that service, he serves as one of two congressional representatives to the 76 u.n. general assembly. he and i worked at the u.s. treasury department 30 years ago. he was the deputy assistant secretary for domestic finance. i was on the international size as a career civil servant. we intersected. it was rare. domestic and international sides of treasury don't come together very often. we were working on an initiative with japan. a lot of that was about helping improve the u.s./japan relationship and encourage reform of particularly capital markets in japan. that was the piece that brought congressman hill and me together back then. his experience from my perspective goes way back to the time and is relevant to

the two spoke for the house financial services committee for just over two hours.

the two spoke for the house financial services committee for just over two hours. ms.aters: the committee will come to order. without objection, the chair is authorized to declare recess of the committee at any time. as a reminder, i ask all members participating remotely to keep themselves muted when they are not being recognized. the staff have been instructed not to mute members except where a member is not being recognized and there is inadvertent background noise. if you are participating remotely today, please keep your camera on, and if you choose to attend a different remote proceeding, please turn your camera off. as a reminder to all members, we will conclude today's hearing at 12:15 p.m. members who are unable to ask questions at our march 23 hearing with secretary yellen and chair powell will be given priority to ask their questions today and we will return to our normal order of recognition once those members have asked their questions. this hearing is entitled "oversight of the treasury department and federal reserve's pandemic response." i now recognize

captions copyright national cable satellite corp. 2021] ♪ >> coming up this afternoon, the house financial services hearing on exclusionary zoning and its impact on affordable housing. that starts live at noon eastern. later at 8:00 is doing, the house science space subcommittee meeting on the futureexpiration. you can see that tonight on c-span, online at c-span.org, or watch with the new video app c-span now. ♪ >> sunday night on q&a, brookings institute senior fellow david wessel discusses his book, "only the rich can play." >> opportunity zones created tax havens across the country. they gave wealthy people an incentive to put their money in those poor communities and extensor capital gains tax breaks. we don't really know how much money has gone into them. as a result of that arcane process known as reconciliation, the provision that required reporting was stripped out. i would say based on the stuff i said we are talking about tens of billions of dollars going into opportunity zones. unfortunately i think the bulk of the money has gone into zones that did not need the money. they were already

chair gary gensler will testify on october 5th in front of the house financial services committee.o be topic a on the agenda. lee, mike, luke, great to see you gentlemen, thanks so much for the great word on wall street. we've got much more coming up. more drama in d.c., house speaker nancy pelosi delays the infrastructure vote amid in-fighting within the democrat party. claudia tenney and jim jordan weigh in on what is possible. then the nationwide labor shortage partly to blame for the supply chain crisis, what it means for consumers ahead of the holiday shopping season. joining the conversation all morning long this morning, dagen mcdowell and joseph pinion. we'll get back to this fantastic panel when we come right back. you're watching "mornings with maria" live on fox business. you have the best pizza in town and the worst wait times. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire the sleep number 360 smart bed is on sale now. it helps keep you effortlessly comforta

joining me right now texas congressman and house financial services committee member roger williams.w, what a dereliction of duty to see what's taking place at the border. you just heard mr. scott talk about terrorists getting in. we haven't even discussed covid. we have people coming into this country and we've been told straightaway by the border agents they are not being tested for covid. what's your assessment of what's taking place? >> well, he's exactly right. anyone thinking that the terrorists aren't coming on the border don't know what they are talking about and i go to the border. i can tell you it was worst today than yesterday and it's going to be worst tomorrow than it is today. we are getting invaded by folks and the border patrol is totally overwhelmed and they're basically getting no help unless in our case governor abbott. it's a real, real crisis an one that has got to be stopped and we know how you stop it, you stop it by building the wall. institute catch and release and stay in mexico policy needs to stay in there too. i have a real problem with that and they are