can read through the lines of this research coordinator for energy and climate policy at the institute for applied ecology thank you so much. and that's your business update thanks for keeping us company. a weapon in the fight against smog cobblestones scientists and researchers from all over germany are at work using construction materials to filter out emissions. the air can be cleaned right at the pollution source. is it a breath of fresh air for a choking city. tomorrow to the next w. w's program guide to. the whole. dot com quite a large. climate change. waste. pollution . isn't it time for. eco africa people and projects that are changing nowhere and for the better just so. much for good. g.w. . bush just as you say that sometimes the. represented. we have to find out everything. you wish mr architect of east germany's police state. he was a mole from and a bunch of with a lot of these hands you could stalinist and minister for state security. and if i had my way. east germany would still be here. missionaries could master a fear. here what do you know about fear. starting march thirteenth d

we've all said time and time again that rules designed for large institutions shouldn't apply to community banks and smaller credit unions. we press the financial regulators to take into consideration the risk profiles of institutions. in their appearance before the financial services committee and in response to congressional letters and calls, the regulators tell us they are tailoring regulations and supervisory requirements based on individual institutions. they tell us what we want to hear, that one size fits all. but, mr. speaker, these institutions have yet to see this relief they really need. we lose a community bank or credit union every day in this country. today we have an opportunity to work together in an effort to change that, to make sure our constituents continue to have access to the services they need and to achieve financial independence. we're doing a disservice to our communities and the people we represent if we continue to allow rules intended for the largest firms to be forced upon our small financial institutions. mr. speaker, this is like -- i got a couple of 6-yea

it does not change risk they capital for these regional institutions or change the fact that comprehensive capital analysis and review applies to these regional banks. in the course the fed said it will continue to implement standards. in addition ton stress test some banks over 100 billion we have all of these other requirements that they continuet to meet qualified mortgage standards. they can sell these into the secondary market if they meet the standards it is critically important we be very, very clear what this bill does and does not do. fourth in the t most hurtful and that those of us who care deeply about preventing and eliminating discrimination to allow for discrimination in lending by changing the standard that is outrageous and hurtful for members of this body spent their life fighting discrimination. our bill continues to require all vendors collect on the traditional data of race under and ethnicity. our bill only relaxes the new additional data d requirements for some of the smallest lenders in the country for those that make less than 500 loads per year. the data only makes up 3.5% of all data collected. we

for africa charting. in one thousand nine hundred nineteen a myth was born in via in the form a school of applied on it's an institution was set up which sold to redesign human life a school avant which proclaimed utopia while demanding a return to old values a contradiction one might think but even today architects feel almost compelled to justify themselves by its principals the bar house the creator of the bauhaus miss ocky tect volga gropius his vision the building of the future lucid transparent and functional a well lit space for the new human being to live and work. the bow house strives to gather all optimistic creativity into one single unity. good pieces idea was shared by artists representing a whole variety of styles painters lionel finding and pulp clay were engaged just teachers at the bow house. georg. art teacher your highness iton who exerted a major influence on his pupils and vasily kandinsky the inventor of abstract painting. by the time the bauhaus moved into its premises environment gopi s. had decided on the destination but the route was to be sought by pupils and teachers working together the id

negligable as for other countries that could be excluded if they apply for exclusions, secretary wilbur ross said yesterday they will consider that if potentially those countries institute of their own on steel and aluminum to stop the dumping into their countries here's how secretary ross worded it yesterday >> our hope is that in negotiation with the other countries part of the basis for potentially releasing others is them acting in concert with us and them holding down the excess dump nothing their markets and the trend ship 7ment through thr markets. >> the u.s. has been studying this for 11 months 15 days is not a long time for other countries to arrive at similar decisions. then there's all the criticism that has erupted in the wake of this decision. you saw house republicans earlier this week come out and say they didn't believe the tariffs were the right option but suggested some options for tailoring them then the criticism from the senate grew vocal yesterday. you had the thsenate finance chairman orrin hatch saying he disagreed with the tariffs senator mccain said the same thing. and senator jeff flake saying that he believed these tariffs would spark a trad

institutions have felt a very, very heavy hand of burdensome federal regulations that were intended or so we were told for the largest and most complex institutions. and regulators unfortunately seem to ignore congressional directive and apply each one of these standards to our smallest institutions, thus yesterday, madam speaker, we voted on the tailor act also authored by the gentleman from cole to help sure these regulations are tailored to the financial institution. the result has been catastrophic. this regulatory burden of which this is part has been resulting in the closing or merger of one community bank or credit union a day on average. and again, they are not being lost financial causes. our community financial institutions serve as the backbone of our american economy and we simply cannot afford to lose them. my colleagues on both sides of the aisle are all too familiar with this problem. i hear from credit unions and community banks every day. i heard from west community credit union in missouri who wrote, quote, this one size fits all approach is simple minded and has real consequences. we are making changes that will negative changes to help them meet their equity needs. and we know that a number of banks and

model of our institutions, meaning regulation intended for the largest institutions will no longer burden the smallest of our institutions. r community banks and credit unions have cop applied with heavy handed regulations that were created after the 2008 financial crisis. while many of these regulations are necessary for financial institutions of all sizes, many are not. complying with regulations has hampered the ability of our community institutions to offer credit to small businesses, help families get a mortgage and extend loans to retirees and recently employed. as one community banker wrote to me, we have seen the impact of this regulatory environment consume many hours and resources of our credit and audit teams. by requiring financial regulators to consider the cost of compliance on smaller institutions as well as whether or not a regulation is based on the risk and profile, the tailor i will go a long way to alleviate the burden of heavy regulation. in turn, this will lead to economic growth for our local communities who rely on the presence of community banks and credit unions. the other p bill being considered under this rule h.r. 4545 which came out of committe

for example, and that this exemption would apply to 85% of the reporting institutions that are covered by the home mortgage disclosure act. now, this information -- most of this information is data that is already collected. reporting it provides an understanding about redlining, about discrimination, about discriminatory practices. if you don't have the information, those things get hidden. that's damage to american families. that's quite a list of things that are wrong with this bill. this bill has been presented as something for small banks, but as you just noticed from these items, what we see are ripping aside of consumer protections and a whole lot that is being demanded by the big banks who want less capital and higher leverage. well, let's do a bill for smaller banks. let's understand that more flexibility and appraisals is appropriate in rural areas. let's observe that more flexibility in the types of mortgages might be appropriate in small banks, small communities where those loans are portfoliod. democrats came forward with a whole list of these things to help small banks, b

institutions of that size, are significant. that's why dodd frank applied the regulations, these additional scrutinies to these institutions because the effect they could have on the economy. so fore, it is not so much that we shouldn't provide relief to smaller banks. this just goes too far and i think undermines much of what we intended in dodd frank in the first place. >> 16 senate democrats including heidi heitkamp voted for this. let's listen to what she said about it. >> they don't understand where we live. they don't understand who we are. they don't understand that we live in communities and that we support and protect each other. instead, they write one regulation that is supposed to be one size fits all. >> congressman, i want you to comment on that. as you just said, this raises the threshold. you know a thing or two about this. you founded michigan's first land bank, a regional bank that senator heitkamp is talking about that. how do you react to what she said. >> i agree to what she's saying. i don't think sentiments apply to an institution that is essentially a national institution that, you know, engages in the kind of risky investments that could have 220, 230, $2

. >> when the national institute was made, there was little understanding of the drug problem in the united states. since then, we' have applied th latest techniques for basic information and common language about drug use in society. developing a database takes time and patience. once in place, we have an on-going source of accurate information about the health of our citizens. the foundation of our program is built on three large data collection efforts. the national household survey on drug abuse. the dawn network, and monitoring the future, high school senior survey. the national household survey is the principal source of drug use in the general population. survey of over 8,000 individuals administered every two or three years. the second data source is dawn. drug abuse warning network. a systemic survey of hospital emergency rooms and medical examiners to determine the frequency of drug related emergencies and deaths. third source of data provides information on an important segment of the population, high school seniors. we call it monitoring the future. it is directed by dr. lloyd johnston. >> beginning in 1975, we started interviewing high sc

for example, how will they explain to the plumber, the farmer, the self-employed businesswoman, i will apply the hyde language and restrict federal funding for abortions to the national institutes of health but not to reduce your health insurance rates 40%? i will apply the hyde language to community health centers today but i'm going to block -- i'm going to block the bipartisan proposal to reduce your health insurance 40% that's supported by the president, the majority leader, and the speaker of the house? i will vote today to apply the hyde lon language to the federal employment health insurance but i won't -- i won't vote for a health insurance program to reduce your rates by 40% because i won't apply the hyde language to it? mr. president, how are they going to explain today and next october when the insurance rates are announced for 2019 and 2020 and 2021 that they had an opportunity in march of this year to reduce rates in 2019, 2020, and 2021 by 40% and they refused to do it because they said we will not apply the traditional hyde language to health insurance even though we're going to apply it to indian health programs, to v.a. women's health medical care, to global he

many of these issues and risks are likely also apply to companies but i think they're particularly important for financial institutions, especially those institutions that are systemically important. the scale of such firms not the -- magnifies the impact of bad incentives on financial system and on the economy. at the same time that same scale also makes it more difficult for senior management to properly control a firms activities and monitor the conduct and behavior of its employees. for these reasons we need strong internal and external checks on banks, and that's a very what you want to turn to now. as i said earlier based on financial system is one that is safe and resilient and can support the revision of financial services at a reasonable price to the real economy, good times and bad, and one that promotes confidence and trust among its customers and counterparties. financial institution should be prudently managed and subject to strong internal checks, including appropriate risk management policies, procedures, internal controls, compliance and audits. meanwhile an effective financial regulatory and superviso

enhanced standards for big banks on both the largest and in many ways because of their products, the riskiest financial institutions and the full set of post crisis regulations should apply to them. but we have required the fed to tailor those standards appropriately for banks with total assets between 100 billion and 250. i want to highlight the bill actually set a very low bar for the fed to apply enhanced standards to regional banks. under the bill the feds can apply an enhanced prudential standards for prudential reasons or promote the safety and soundness of the bank, part of their traditional prudential regulations as they stand. i don't think that every enhanced standard should apply to every bank

for the larger institution in the smaller one --dash with those smaller institution. >> on the regulatory side still be getting more power to decide which victor regulation to apply? why have a couple of questions about that. so with the stress that is based on the penalty of the stock buyback is there any type of challenge that could be? is it possible not to have that on an annual basis? you talk a lot about that is the only thing that gives specific risk but what other factors would cause a bank to have a system with? to make this is a matter that is up for consideration congress is considering raising the threshold from 50 million of at 250 million leading us the ability to reach below 250 million were we think it is appropriate we have not been shy to do that because of course it is below 250 already so we are fully prepared to do that but this is a decision in the hands of congress. though the version of the bill that passed the senate did give us the ability to do the supervisory stress test periodically as opposed to annually. we have not made a decision about that we do want to think very carefully about that and whatever we do decide to do we put that ou

systemicthing we need institutions need to do -- there might be more simpler models for traditional banking and different revelatory should be applied. and that is something we are working on. the only thing i would say as someone who worked at a firm -- it still is unimaginable to me how it properly tailored environment can result in 60 and 100,000 paid submissions and asked be a better way to do it even on the high end of the spectrum. i look forward to you continuing to look at it and managing the risk. >> senator jones. >> i would like to go back to a couple of questions, it is obvious that folks in the committee are concerned about wage growth in addition to unemployment. you said you expect to see wage growth continue, but that has been a fairly modest trend over the last few years. do see wage growth increasing over the next couple of years as opposed to the modest trend we have seen? chairman powell: it is my expectation, senator. 10% to 4%, wem have seen actual increase in wages. as you look back over the last few years, you can soon the story went that is the case, and now we're at 4.1% unemployment and labor participation

institutions we regularly use that as a way to test against various, you know, market shocks certainly for the larger institutions. >> more on the regulatory side, the fed might soon power to dech stricter regulations to apply to banks. and so i had a couple of questions about that for crar, the stress tests, since that is based around having a punitive penalty of potentially being able to restrict dividend payouts or stock buybacks, is there any logistical challenge that could be posed if you don't have ccar every year for certain banks is it possible to have ccar not on an annual basis and my other question is, you know, you've talked a lot about how size isn't the only thing that causes banks to pose systemic risk and i was wondering what other factors do you think would cause a bank to potentially pose a systemic risk >> so this is a matter that congress has under consideration. it is not something that -- so congress is looking at the raising the threshold for enhancing from $50 billion to $250 billion while allowing us to reach below 250 and applying the standards where we think it is appropriate and we haven't been shy about doing that we are fully prepared to do that but this is a decision that is i

for europe. she is now a visiting fellow at oxford internet institute. thank you both for talking to us. elizabeth denham, you are having to apply. we are unable to get cooperation from cambridge analytica. we need to get to the bottom of what happened with this personal data affecting citizens across the world and we are going to proceed with a warrant to be able to search the servers and premises. why wouldn't they let you win? that is a question you should ask cambridge analytica. why do you think? we are using all the tools. again, a question for them. we need to get in to find out on behalf of the public what has happened to this data. it is controversial because there are many statements, contradictory statements, about who had the data, how long they had it, whether it was deleted. because cambridge analytica operates in the uk they are subject to uk data protection law, which we oversee. do you think it is too late applying for this warrant, because it will ta ke for this warrant, because it will take time? cambridge analytica already know you want to get into their premises to search the property at their servers and fa

for. this doesn't apply to him that t i'm beginning to rethink what it means to be fully into the institutions. these institutions are moving not just public schools that we've been talking about mostly but they've been seduced by the business model of education and that often means we are not paying attention to the working conditions and one of the things i loved that he often says we need to be mindful of is the good learning conditions are good teaching conditions and good teaching conditions are good learning conditions so if we are not moving all around the city trying to piece things together and still required to do all the service work that these folks have to do and are still expected to ride on the side and don't have the resources to do that, certainly you can't be well in your own health and wellness is being compromised between we should worry about you and how you feel about your position within that institution and what seems to the students if you are touching on something that is an experience it is commonly misunderstood and something that we should worry about. >> i think t

out and vote, these are people particularly working for state run institutions, also those working in private business as well, that pressure was appliedd voted. it was a particular concern of the kremlin in this particular election was turnout, they wanted to see a decent turnout otherwise it would potentially make it seem as if mr putin's power had weakened. the brexit secretary, david davis, and the eu's chief negotiator, michel barnier, will today try to finalise a deal on a transition period after britain leaves. they're meeting in brussels ahead of an eu summit later this week, when theresa may hopes to have an agreement confirmed. adam fleming is at that brussels summit for us. adam, some news is coming out about what they have agreed. what could you tell us? what this is all about is that both sides are looking at the draft brexit treaty, about 120 pages long, they're going through it to see the areas where they agree, where they have made progress, and areas where there are still disagreements. in public, both sides are playing all of this town, being very coy, saying wait and see. privately, people are sounding increasingly c

waiting list the all india institute of medical sciences delhi is known for sure it has aims treatment here is free so even those who cannot afford health insurance and that applies to most people in india can come here and be seen by the best doctors. one of them is trauma specialist doctor i meet gupta who is also the hospital spokesperson eames isn't a solution everybody wants to come even for trivial problems they would like to come and get treated or teams primarily because the quality of care the general public has faith in it so in the sense you can save you have a victim's of our own you know sort of accidents but you're right we are struggling with the patient norden the numbers we would want that the other hospitals also take of the north of aims and therefore the government of india is deciding to make more such inflight institutions in india outside his consulting rooms there are a crowd scenes you'd normally a says yes but a sports event but where these people are concerned famu is involved several patients have just arrived and awaiting for their first diagnostic appointment others have already been diagnosed and have come back to begin their treatm

institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> the treasury department undersecretary for terrorism and financial intelligence talks about applying economic pressure on north korea, russia, and venezuela. also from the atlantic council, this is 40 minutes. it is my great pleasure to introduce undersecretary mandelker, the senior sanctions person in the u.s. government. someone who has the good luck to be in charge of a deeply confident organization in

establish that institution for public welfare so when stanford opened an atv on -- 1891, tuition free they insisted all qualified students regardless of so she cannot make background were welcome to apply. which is in fact what allows a orphaned and disadvantaged young man by herbert hoover to receive a college degree. so the civil war was a wrenching event disrupting society so perhaps it is the most disruptive consequence to millions of people love and placement says a response to economic change with higher education tuition in reaction to what existed and with those prior to the civil war they gathered in washington d.c. 1866 to establish a university dedicated to the common good to the higher education black american supported by the commissioner from howard university initially intended to educate teachers and preachers and in particular to serve emancipated people but it encompassed almost every element of higher education at the time with the collegiate program and a strong advocate of that model and also offered a practical force study as well as experimental forum and had a normal school and to offer african-americans precisely that for which most colleges and universities ha

apply for scholarships at eligiousfreedomcenter.org. >> good morning. i'm gene, president of the knew newseum institute. actually, i always wanted to say, yes, and then step away. but my job is to welcome you here for this very important discussion and to talk for just a second about the mission that we have at the newseum and the newseum institute. i want to thank you on behalf of my colleagues in both institutions. we believe that in a highly polarized society and as that video stated in a society where people of faith but also people of varying political beliefs , individual standards and morality are under attack and polarized -- discussions are so polarized in society. it's very important to have these kinds of discussions where we parce in a very specific way the challenges we have of living together. we are the most pleuralistic society on the planet and that is both a tremendous opportunity but also an ongoing challenge. this kind of program i would note is part of an approach that we take that often isn't recognized because we have this building which doesn't atrack a lot of attention. next wee

for the smaller financial institutions. as a way to test against various market shocks. >> more on the regulatory side. it might soon be getting more power to decide exactly which regulations to apply to banks. those a stress test since that is based around having a penalty of potentially being able to restrict dividend payouts. is there any kind of logistical challenge that could be posed. is it possible to have it not on an annual basis. hat size is not the only thing that causes banks to pose systemic risks. this is a matter that congress has under consideration. congress is looking at raising the threshold for a plane. my leaving us with the ability to leave us with those standards. we have not been shy about doing that because one is below 250 already. we are fully prepared to do that. this is a decision that is in the hands of congress. the version of the bill that did give us the ability to do supervised stress test periodically as opposed to annually with the language. we want to think very carefully about that. whatever we do decide to do we put that up for comment. is it logistically possible. the second question you had was? will, i think the next thing on the list would

for wall street. >> our focus is have much on the smaller, medium-sized banks. we want the post-crisis regulatory initiatives, we want it to apply in our strongest form to the largest institutions we are doing that efficiently and there are some changes we can make. charles: i'm not a fan of the stress test. i don't think they have accurately taken to account true panic. making these banks, particularly the 25 larger banks hold on to this capital. there is no way they can lend it out. >> the small banks are being held to the same standard as the enormous banks. you have got janet yellen saying these banks were not the problem. charles: even barney frank has had some misgiving over this law that bears his name, ford. so let's talk about where we are with the economy turning up and that's larger banks, smaller banks will be able to get back to their roots. i think it will be huge for the economy. >> the senate bill being proposed will get more than 60 votes. president trump's overall story, we are trying to make it so you have better jobs and better lives. when you are talking about the results versus feeling and you are delivering on your campaign promises, president trump was n

it's going to apply to everyone president for it to work quickly, everybody's got to be in it. those are the things we have to think about as we institutehe program. >> dana: we do talk a lot ab privacy and the fact that one thing for the government to have it but there's also a conversation about these tech giants having our information. would the democrats be willing to give a little bit on not getting the whole pie if they are able to get something on background checks. do you think that would be a success? >> absolutely. that's what you are seeing happening here. it's significant, dana, that 69% of nra members want background checks. secondly, sure. of course everybody has privacy concerns. background checks and expanding background checks raising it from 48 -- 27 to 48 hours. that is very commonsense. you are seeing so many people out there, a lot of gun owners are saying, i don't know why i can go into a gun store an purchase a gun without a substantial background check. this is something a lot of gun owners and, frankly, a lot of people sending their kids to school every day can identify with. >> dana: there's lots of different a

for abortions. that if you do that, then you're exempt from this. so these pro-life places licensed facilities an objection to it. so, the only people, the only institutions this applies to are the ones that are, have an objection to abortion. and the other thing, one other thing i want to mention is, if california thinks that women are not informed enough, they're not, they don't know that they can get state-funded abortions, there's all sorts of communication channels that the state can use to communicate that. and basically, the only one that it does, so it's not like putting ads on buses and the internet, in newspapers. it's basically only requiring these pro-life places to do it. which shows the clear discrimination to it. and the ninth circuit said this was regulating a profession, that there's a -- which is not a doctrine the supreme court has recognized, government has the ability to regulate professions by compelled speech, and the supreme court in another case we won a couple of years ago in the town of gilbert case, said any content-based exclusions always get strict strcrutiny. the ninth circuit said, yes, there's the town of gilbert case, but there's the

institution and our parents taxes paid for it. for 100 70 all white something years. it we felt entitled. we were citizens of the state of georgia. at the same time that we were applyingthe university of georgia, a student movement, not only an atlanta, but across the south, was challenging the what was called separate but equal. -- vernonn the case is the one remaining legal person who was involved with our case. the others are now our ancestors. but they were very much alive then and very determined to right what was wrong with the laws in georgia, particularly as it related to the university. we paid very little attention to the students who were yelling at us and calling us ugly words because we had a mission. our mission was to enroll at the university of georgia and pursue our dreams. a doctor,anted to be which eventually became, graduating from the university of georgia under all that pressure is a phi beta kappa. he wanted to play football, but initially -- he played football at our high school in atlanta, turner high school, but the officials told him that if he played, he could either be hurt by his own football players or by the all white players at all of

applied to the largest fbos? >> well, currently what the bill does is moves up to 250 for these institutions, but it looks at theiridated capital. so you know, now we have intermediate holding company requirements for these companies, and none of those will be affected by this what that means is that they're required to keep capital and liquidity here in the united states that's commensurate with their activities they're also subject to living wills and things like that you know, it's a range of enhanced prudential standards. the intermediate holding company thing is an extra one that we gave them. >> okay. i thank you. i'm also frustrated that some will jump to conclusions about how or what might happen regarding international holding company requirements just to clarify, from your perspective, the creation of the ihs was not included in dodd-frank, correct? >> that's right. that was something that we added on independent of dodd-frank >> and the legislative language in s-2155, the bill we've been talking about this morning a lot, does not require any change to the iahc, correct >> it does not >> okay. thank you

apply? currently, what the bill does is it moves up to 254 the institutions but it looks at the global consolidated capital. iswhat we have now intermediate holding company requirements for these companies and none of those would be affected by this. and what that means is that they are required to keep capital and liquidity in the united states. to be commensurate with the activities. and they are also subject to living wills and things like that. so it is a range of enhanced prudential standards. the holding company is annexed to one. >> enqueue. about somerustrated conclusions about how or what might happen with the international holding company requirements. so to clarify from your perspective, the creation of the ihs was not included in. frank, correct? >>. that is something we added on independent of dodd frank. >> and the legislative language require any not change to the iac, correct? >> it does not. >> thank you. i asked you this question during your confirmation around the time that 2155 was released and it has been nearly three months and the bill has made its way through the committee and has overwhelming bipartisan support. and hopefully will see the floor n

applies to everybody and everything you do. ross: give them a round of applause. [applause] [captions copyright national cable satellite corp. 2018] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> saturday at 9:20 p.m. on c-span. a debate on the suit by a same-sex couple against a colorado breakry for refusing to make their wedding cake. from the national constitution center in philadelphia. and sunday at 6:30 p.m., daniel mark, chairman of the u.s. commission on international religious freedom on the current state of religious liberty in the u.s. and around the world. saturday, on book tv, c-span2 at 10:00 p.m. eastern. on afterwards, james swanson talks with associated press writer jesse holland about events leading up to the assassination of martin luther king jr. and sunday at 10:00 p.m., second lady, karen pens and her daughter, charlotte, chair the story of their family's pet rabbit. saturday on american history tv, c-span3 at 8:00 p.m. eastern. on lectures and histry. tulane university professor on moonshine drivers anti-origins of nascar. and sunday -- and the origins of nascar. and sunday, landscape historian about

for example, financial institutions and some service providers are subject to gramm-leach-bliley. security exchange and others are subject to sci. are there any other federal cybersecurity laws or regulations that already apply to coinbase and others like you? >> first off, i'm more than happy to get you the name. >> that would be great, which the head of our security. and second off, the cybersecurity thing, standard that we are most adhered to is new york state's standard through their bit license, which is a -- take quite a lot of work. we are also working with a number -- a few of the big four accounting firms to develop appropriate standards to make sure everything is stuck to and other standards. >> i think you answered this. but maybe clarification. in the event of a hack of your platform that results in the loss of assets, is there a guarantee provided to the purchasers of the assets through your platform? do you have any legal responsibility for safe keeping of clients' assets? and what other protections are afforded for your customers in the event that the hot wallet is attacked? you kind of mentioned that but if you can go into a little more detail. >> sure. we do hold a little bit of fiat currenc

major institutions which can put the country at financial risk, there is no change in the much more robust regulatory regime which applies to them the changes in senator crapo's bill are predominantly forot systemically important. there had been a widespread view that regional banks do not have systemic importance, and that is the focus of the crapo bill. there is no change in the regulatory regime for our major institutions. >> rodg, anything keep you up at night these days >> yes because i think there's one change in 2008 it was an internal threat what the banks and investment banks had done and today it's external if you look at what the external threats are, one has to start with cyber security and the risk of cyber attacks and the second would be bank secrecy act and any money laundering, the ability to penetrate institutions and the third is a phenomenon known as ring fencing, which has been called out in the most recent treasury study on resolution ring fencing means that while international bank may live internationally, they would die nationally and that would harm resolution i think those three external threats -- >> rodg, no systems internally work is it even conceivable to

of the riskiest financial institutions, and the full set of post-crisis regulations should apply to them. but we have required the fed to tailor those standards appropriately for banks with total assets between $10 0 billion and $250 billion. the bill sets a low bar for the fed to apply enhanced standards. under the bill they can apply this to a bank larger than $100 billion to promote the safety and soundness of the bank. part of the traditional regulations as they stand. i don't think every enhanced standard should apply to every bank larger than $100 million. there is a broad agreement that standards should be tailored for this group. i will cite someone, again, most folks on this side of the aisle have a great deal of respect for, former fed chair janet yellen who said this bill, a move in that direction would be good. chairman powell testified that the fed will implement this for banks between $200 billion and $250 billion. he said that the regional banks will continue to be subject to the most important enhanced standards, meaningful, strong, and frequent stress tests. his words, not mine. he called himself a strong believer in stress testing. let me aga

the youngest age at which they can apply for dakota, they are now blocked from applying because of the president's decision. the nonpartisan migration policy institute estimates that in addition to 800,000 daca recipients, there are an additional one million dreamers eligible for daca. because of president trump's decision to end daca, 1.8 million dreamers are at risk of deportation and cannot work to support themselves and contribute to the only country they know and the country they love. president trump called on congress to legalize daca, but he's unfortunately refused to accept six different offers -- bipartisan offers to achieve that. the one of those offers also included $25 billion for his wall and yet he wouldn't accept it. let me tell you a story of one of these young people, as i've done before. i've come to the floor of the senate more than 110 times to tell these stories. i just think when you hear the stories of an individual, it helps you understand what the real issue is. this is a photo of irving caldrone, the 112th dreamer a. talked about on the senate floor. when he was seven months old, irving was brought to the united states fro

enhanced standards for big banks on both the largest and in many ways because of their products, the riskiest financial institutions and the full set of post crisis regulations should apply to them. but we have required the fed to tailor those standards appropriately for banks with total assets between 100 billion and 250. i want to highlight the bill actually set a very low bar for the fed to apply enhanced standards to regional banks. under the bill the feds can apply an enhanced prudential standards for prudential reasons or promote the safety and soundness of the bank, part of their traditional prudential regulations as they stand. i don't think that every enhanced standard should apply to every bank larger than $100 billion. there's a broad agreement that standards should be tailored for this group. >> you can see the rest of this debate from yesterday on the financial deregulation bill on our website, c-span.org. right now here on c-span2 we'll we will go live to the senate. the lawmakers are still working on the financial deregulation bill. the chaplain dr. barry black will lead the senate in prayer. the chaplain: let us pray. o god our help, and ages past, our ho