mr. chairman. >> the chair recognizes the gentleman from georgia mr. scott. >> thank you, mr. chairman sir, it's good to have you and your doing a great job. keeping this conversation on liquidity. it's a serious issue. i am very concerned about it. there's a number of experts that register warnings about it. liquidity is the key to protecting the financial systems and also the key to being able to ascertain potential risks to the system. so that provides us with a way and not just look down the road for problems. and the issue becomes with this liquidity worsened as the economy worsens? and we don't want another crisis after they finish the depression. it is surely as we have a free enterprise system that is free to go up sideways and down whatever. so if we had another crisis with the financial system in your opinion have the liquidity to be able to come to the assistance of other financial systems in the way that it did in 2000 and eight when healthier institutions had helped us a lot. and they were able to buy of institutions like this and mergers are not buying this or not. this inclu

mr. chairman. >> the chair recognizes the gentleman from georgia mr. scott. >> thank you, mr. chairman sir, it's good to have you and your doing a great job. keeping this conversation on liquidity. it's a serious issue. i am very concerned about it. there's a number of experts that register warnings about it. liquidity is the key to protecting the financial systems and also the key to being able to ascertain potential risks to the system. so that provides us with a way and not just look down the road for problems. and the issue becomes with this liquidity worsened as the economy worsens? and we don't want another crisis after they finish the depression. it is surely as we have a free enterprise system that is free to go up sideways and down whatever. so if we had another crisis with the financial system in your opinion have the liquidity to be able to come to the assistance of other financial systems in the way that it did in 2000 and eight when healthier institutions had helped us a lot. and they were able to buy of institutions like this and mergers are not buying this or not. this inclu

>> sir, mr. chairman, we have discussed and raised specific cases with the japanese foreign ministry. right now the japanese foreign ministry, there is the central authority which work on hague cases and other parts of the foreign ministry which has the lead on pre-hague cases. we have raised the issue of prehague cases with both sides and raised senior levels of the japanese government and continue to do so. >> since that is the case, it is -- perhaps an oversight but perhaps more than that, that the goldman act makes very clear that there must be an accounting of all unresolved cases and i'll read you the pertinent part of the -- it is title one of the department of state actions. that each annual report shall include a list of all countries in which there was one or more abduction cases during the preceding calendar year relating to a child who is residing in the united states, including a description of whether -- and then it goes through more detailed information. but the idea is that there is one ca

mr. chairman and sir, thank you for being here and answering our questions. most of them have been asked. i just have a couple of ones, so i probably won't take all of my five minutes but you talk about the coordinated remedy program. what's going to be involved and when will you have a plan for acting as the central coordinator for the coordinated remedy program? >> so thanks, because that gives me a chance to really focus on the end game here. i keep talking about nhtsa sitting in the driver's seat. up until this point it was unclear how this was going to happen. now we have a plan to meet with the manufacturers and meeting with suppliers, we'll have joint meetings and our intent once that plan is together to have a meeting so there's transparency to the entire plan and schedule. we hope that hearing to occur in the early fall. >> okay, all right and nhtsa with recall logistics recall expertise will lead this coordination or something you need to contract out? >> actually right now there's an internal team at nhtsa overseeing this so i have people from the

chairman's ever so gentle tap, tap, tap. i get the message, sir. >> i'd like to thank the gentleman for yielding back so much time. >> thank you, mr. chairman last, but not least, hopefully. thank you, witnesses, for your time and effects as we try to reach answers to the great tragedy that occurred in the northeast corridor. it's been interesting to listen to the lines of questioning. it's hard to imagine why it's so complicated to get the answer to whether the engineer was utilizing a cell phone at the time of the crash. seems like it should be just a simple answer simple endeavor to find out exactly if, as ms. comstock in her line of questioning, hey, during this period of time, did he text, use the phone? it should be there. hard to figure out why that's not true. in terms of further investigation, there was a news report, several of them, that stated that amtrak regional 188 had a fist sized area of severe damage on its windshield. possibly consistent with that of being struck by some rock or object. 20 minutes before the crash of 18 8 a regional commuter train in the same area had to stop service after its window was hit by

mr. chairman, nice to see you, sir. >> thank you. >> we are on top of breaking news. all out manhunt for two murderers who have nothing to lose. they may be the beast was as long as the boat. for seven hours, we did battle. until i said... you will not beat... meeeeee!!! greg. what should i do with your fish? gary. just put it in the cooler. if you're a fisherman, you tell tales. it's what you do. if you want to save fifteen percent or more on car insurance you switch to geico. it's what you do. put the fish in the cooler! ♪ ♪ hp instant ink can save you up to 50% on ink delivered to your door so print all you want and never run out. plans start at $2.99 a month. right now, buy an eligible printer and get three months of free ink with hp instant ink. available at participating retailers. the most affordable way to print. hp instant ink. >>> this is a fox news alert. police, u.s. marshals, fbi agents are swarming the small town in upstate new york where they believe two dangerous killers with nothing to lose may be hiding. fox news david lee miller is in upstate new yo

mr. chairman, nice to see you, sir. >> thank you. >> we are on top of breaking news. all out manhunt for two murderers who have nothing to lose. they may be armed. police have a major new lead. report legal panel is next. >>> this is a fox news alert. police, u.s. marshals, fbi agents are swarming the small town in upstate new york where they believe two dangerous killers with nothing to lose may be hiding. fox news david lee miller is in upstate new york. david lee? >> greta our producer on ground in willsboro tells us now that it looks like the authorities are packing up. it looks like they are pulling out after an intensive manhunt took place during the past several hours. one thing worth noting that i think has been overlooked is that the weather has certainly not been on the side of those conducting the manhunt. it has been dreary. it has been rainy. it has been great deal of fog with very low visibility. as you point out for the last several hours various law enforcement agencies have been looking for these two fugitives in willsboro. now, why were they brought

sir. mr. chairman: the gentleman is recognized for five minutes. mr. sesantis: what do you mean by "service history"? ms. archuleta: their careers they may have been in a different position earlier than -- as they move around government. so if may be someone who currently -- whose job would not be -- current job would not be in the system but because of their service history their information would be given back, and it is for retirement purposes. mr. desantis: so with fs-86, i remember filling that out when i was in the navy, and it was by far the most intrucive -- intrusive form i've ever filled out. i had to go do research on myself to fill it out. it is not just that you are doing personal data about the individual applicant the fs-86 asks about family members, friends, spouse, relatives, where you lived, who you knew when you lived in these different places. it asks you to come clean about anything in your past life. so to me you know, people have said that this is crown jewel material in terms of potential black mail. so this is a very very, very

mr. chairman, point of information. >> yes, sir. did you just ask that members who may wish to submit their questions in writing, or are you limiting the people to ask questions allowed? >> there is no -- we are not dictating when this committee will adjourn. we're only saying if there are members that would like to by choice, enter questions in writing, we would certainly accommodate them. >> thank you. >> mr. rice. >> thank you mr. chairman. i'll start with mr. hart. mr. hart, we've talked about a number of safety measures that could be added that would increase seafty on these lines and some were cheaper. we talked about the positive train control. we've talked about adding seat belts and having to bulk up the seats. we talk about inward facing cameras among others. between those three which would be the cheapest to implement, do you think? is. >> we don't get into the cost of implementation. we look at what most effectively improves safety. >> thank you, mr. hart. mr. boardman, which do you think would be the the cheapest among

mr. chairman, thank you for joining us. >> yes, sir. lou: congressman trey gowdy. he's a smart fellow and effective investigator. we didn't realize frankly how high your frustration threshold was. we compliment you. >> thank you, lou. lou: thanks, so much. >>> and a reminder to be sure to vote in our poll tonight -- we'd like to hear from you, cast your vote at loudobbs.com. >>> stunning imagery that you have to see to believe, and if you will, look at this spectacular video of the northern lights. these images taken near minneapolis. a member of the minnesota astronomical society captured it all on his camera. though not normally seen as far south as minnesota, the lights were a result of a severe solar storm. incredible. >>> up next, time running out for greece to avoid a disastrous default next week. investing legend billionaire wilbur ross betting greece will eventually forge a deal with international creditors, and he joins us here next. stay with us. ♪ ♪ ♪ ♪ ♪ ♪ the ones with the guts to stand apart - join a league all their own. ♪ . lou: breaking news tonigh

mr. chairman. mr. chairman, -- mr. frelinghuysen: would the gentleman yield? mr. yoho: yes, sir. mr. frelinghuysen: we're prepared to accept your amendment. mr. yoho: mr. chairman, i appreciate it and i yield back. thank you. the chair: the gentleman yields back the balance of his time. any member wish to speak in opposition? the amendment is offered by the gentleman from florida. those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. the amendment is agreed to. for what purpose does the gentleman from arizona seek recognition? >> i have a resolution -- an amendment at the desk. 106. the chair: the clerk will report the amendment. the clerk: amendment offered by mr. gosar of arizona. at the end of the bill, before the short title, insert the following, section 1003, none of the funds made available by this act may be ex pended by the department of the navy to divest or transfer or prepare to divest or transfer any search and rescue units from the marine corps. the chair: pursuant to house resolution 303, the gentleman from arizona and a member oppose

>> sir, mr. chairman, we have discussed and raised specific cases with the japanese foreign ministry. right now the japanese foreign ministry, there is the central authority which work on hague cases and other parts of the foreign ministry which has the lead on pre-hague cases. we have raised the issue of prehague cases with both sides of the japanese foreign ministry and at seen your levels of the japanese government and continue to do so. >> since that is the case, it is -- perhaps an oversight but perhaps more than that that the goldman act makes very clear that there must be an accounting of all unresolved cases and i'll read you the part innocent part of the -- it is title one department of state actions. that each annual report shall include a list of all countries in which there was one or more abduction cases during the preceding calendar year relating to a child who is residing in the united states, including a description of whether -- and then it goes through more detailed information. but the

mr. chairman, point of information. >> yes, sir. did you just ask that members who may wish to submit their questions in writing, or are you limiting the people to ask questions allowed? >> there is no -- we are not dictating when this committee will adjourn. we're only saying if there are members that would like to, by choice, enter questions in writing, we would certainly accommodate them. >> thank you. >> mr. rice. >> thank you mr. chairman. i'll start with mr. hart. mr. hart, we've talked about a number of safety measures that could be added that would increase seafty on these lines and some were cheaper. we talked about the positive train control. we've talked about adding seat belts and having to bulk up the seats. we talk about inward facing cameras among others. between those three, which would be the cheapest to implement, do you think? >> we don't get into the cost of implementation. we look at what most effectively improves safety. >> thank you, mr. hart. mr. boardman, which do you think would be the the cheapest among th

sir. >> mr. chairman thank you and senator coons for conducting this hearing. welcome to our three witnesses. ms. arch let archuleta i'm going to begin with you. i'll work my way through them as quickly as i can. what is the current estimate of the total number of files or employees breached? >> under the -- in the employee personnel files we estimate that to be a little over 4 million. >> and that is, at least according to press reports those numbers may grow. what else may occur or what may you discover? >> it's an ongoing investigation. we'll continue the investigation with our partners. at this point we know it's a little over 4 million. >> are those words interchangeable, 4 million employees and 4 million files that mean the sams thing? >> that's approximately 4 million people who have been affected by it. >> what's the total amount possible for number of employees affected? you say we estimate it today to be 4 million. it may grow. what's the maximum number of files that could have been breached. >> incident one and two, incident one is the one i'm descri

mr. chairman, will you provide me an additional 30 seconds? thank you, sir. how about on increasing the reserve requirements? mr. hochberg: there are a number of reforms that have been proposed. there are currently four different bills. to in the house and two in the senate. what we have done is provided technical assistance to any member who would like to review reform by reform. i think it is probably a more thoughtful way of doing it. i am shooting from the head. terms of some of the generalized reforms. we are looking for a solution. we want to work with this committee and with the house to find what is the proper oversight so we can make sure that we move forward and give some certainty to those exporters. sen. scott: last question. on the pilot program for reinsurance, thoughts? mr. hochberg: if it is the reauthorization, we are very much open to that. sen. scott: i have supported the xm bank in the past. i will support the xm bank today as well. my concern is that we do need reforms in the process. i think it is very important for us to figure out a pat

mr. chairman, start by saying thanks for being with us. >> yes, sir. lou: and secondly, there is a decided impression given off by those who represent this administration that they don't know much and don't want to speak substantively about many things, is that a fair observation? >> certainly narrows your witness list if you only can bring witnesses who can answer your questions, i was a little disappointed. you know jason chaffetz spends a lot of time finding witnesses that can add to deliberations and inquiry and missed out on a couple today. that's not his fault. if you can't ask the head of the agency what happened, and you can't ask someone else in a position of leadership why you didn't comply with both regulatory and contract provisions that i don't know who jason was supposed to invite. lou: the chairman doing his best, as you say, and yet, what we have is apparently a cyberattack, successful, two instances by the chinese, in which as many as 32 million people's personal data and data gathered by the federal government have been compromised an

ozment: sir, i think that's better discussed in a classified setting. >> i yield back the balance of my time. mr. chairman: i think we all understand how seriously we take this situation. to those federal employees that are affected, one of the things that should come out in the letter, the very end of the record to receive one of these letters, we should note, the office of personnel management is not going to call you to provide additional information. there will be some very bad actors that will try to take advantage of this bad situation and exploit it for their own personal gain. they have already done that. they are going to do it again. there are going to be others that will try to do that to a lot of our federal employees. please do not fall victim to someone who will send you an e-mail or make a call and try to prey on you later. it was noted in the letter, and it is worth noting again from the pulpit. we have to hustle to the 1:00 meeting. the committee now stands adjourned. thank you. >> a house hearing from you. what should the government do about the o.p.m. breach? if you would like to call u

sir. i'll yield back, mr. chairman. >> mr. chairman, thank you. it's my understanding you would like me to yield some time to you. >> thank you. just one quick question for ms. feinberg, safety is important across the entire country and my home state of california, ptc is slow to be implemented as well. 3.7 billion was put to california high speed rail. that money has been transferred to the cal train, to electrify cal train, $400 million of that to help implement the trans bay terminal. why are we not transferring money to do ptc on the connector routes in california? ms. feinberg: if you're asking specifically if we would transfer money from the high speed rail authority into ptc? >> you're using stimulus dollars in many different places in california for electric fiction and changing the terminal but not using it for ptc, which it's my understanding high speed rail will need ptc and connector routes should have ptc already. why are we not using money that will revert back to the federal government next year if it's not spent? why are we not usi

sir. >> thank you, mr. chairman. ms. archuleta, in your testimony you said i think this is a direct quote. we have now confirmed that any federal a boy from across all branches of government whose organizations submitted service history records to opm may have been compromised even if their full personnel file was not stored on opm system. what do you mean by service historic? >> there may be, at the risk of they may have been in a different position earlier than perhaps come as they move around government. so it may be someone whose current job and not the in the system but because of their service history their information would be dated back, and it's for retirement purposes. >> so potentially broader breach. i'll tell you with sf-86, a member pulling that out when i was a young officer in the navy and it is by far the most intrusive form that i have ever filled out. it took me days. i had to go do research on myself to try to figure out and it's not just that you a lot of personal and sensitive data about the individ

mr. chairman. i yield back. >> thank you very much. does the gentleman from washington seek time? >> yes, sir. >> the gentleman is recognized. >> thank you, mr. chairman. and thank you, mr. chairman conaway and ranking member delauro for appearing before us today. actually, i dealt with this in my former life as director of agriculture in the state of washington. if you recall we had the cow that stole christmas in 2003. the mad cow disease that came in from canada. >> canada. >> and as a result of a lot of work, a lot of time, a lot of dollars invested, we do now have animal traceability. and it's been something that the usda has been working very hard on. but from what i understand, that this is -- this particular part of the law does not deal with safety issues. >> no, it doesn't. i never said that. >> so we're talking about marketing issues. >> right. >> and i guess not to mix the two, i wanted to focus a little bit on some of the things we've been hearing lately. i'm sure many of us have been, that the threats of retaliation are saber rattling by canada and mexico, that there is a lot of

mr. chairman. i yield back. >> thank you very much. does the gentleman from washington seek time? >> yes, sirthe gentleman is recognized. >> thank you, mr. chairman. and thank you mr. chairman conaway and ranking member delauro for appearing before us today. actually i dealt with this in my former life as director of agriculture in the state of washington. if you recall we had the cow that stole christmas in 2003. the mad cow disease that came in from canada. >> canada. >> and as a result of a lot of work, a lot of time a lot of dollars invested we do now have animal traceability. and it's been something that the usd has been working very hard on. but from what i understand that this is -- this particular part of the law does not deal with safety issues. >> no, it doesn't. i never said that. >> so we're talking about marketing issues. >> right. >> and i guess not to mix the two, i wanted to focus a little bit on some of the things we've been hearing lately. i'm sure many of us have been, that the threats of retaliation are saber rattling by canada and mexico, that there is a lot of maybes and

sir i don't. >> okay. mr. chairman my time is expired. i yield the balance. >> from start to finish, how long was it from when you got the proposal that you awarded the contract? >> i would have to go back and look at exactly when we released the rfq but i believe it -- and i don't want to misspeak. let me go back and find out when exactly we received the rfq and when we awarded the contract. i don't have that data with me. >> but it was less than 48 hours. >> i think it was in about that time frame. >> and the award is how much money? >> the contract is about $21 million for the services that we're providing for credit monitoring notification and the identity theft insurance. >> why was it made so fast? >> we wanted to -- >> and what was there other companies that could do just as good job? trying to figure out how we got that company. >> we received a number of proposals and evaluated them based on the government's needs. several requirements we put in the rfq that the companies responded to. and we evaluated all of those proposals that

sir. but as i said before legacy systems, it takes time. >> it didn't take your enemies time. thank you, mr. chairman. i yield back. >> now recognize the gentleman from california, mr. lieu for five minutes mplg thank you mr. chairman. >> director archuleta under your watch last march opm database containing the crown jewel containing american intelligence was breached. this year the same daytabase was preached. the igis said that at opm your technology systems are materially weak or seriously deficient. my question to you a simple yes or no, do you accept responsibility for what happened? >> i accept responsibility for the administration of opm and the important role of our i.t. systems in delivering the services. and i take very seriously my responsibilities in overseeing the improvements to a decades old legacy system. >> i don't really quite know what that means. i asked for a yes or no. i really want to know -- but that's fine. you've answered it. i'm going to reserve the bhans of my time to make a statement. having been a member of this oversight committee and as a computer science major it's cl

sir i don't. >> okay. mr. chairman my time is expired.ld the balance. >> from start to finish, how long was it from when you got the proposal that you awarded the contract? >> i would have to go back and look at exactly when we released the rfq but i believe it -- and i don't want to misspeak. let me go back and find out when exactly we received the rfq and when we awarded the contract. i don't have that data with me. >> but it was less than 48 hours. >> i think it was in about that time frame. >> and the award is how much money? >> the contract is about $21 million for the services that we're providing for credit monitoring notification and the identity theft insurance. >> why was it made so fast? >> we wanted to -- >> and what was there other companies that could do just as good job? trying to figure out how we got that company. >> we received a number of proposals and evaluated them based on the government's needs. several requirements we put in the rfq that the companies responded to. and we evaluated all of those proposals that we re

sir i don't. >> okay. mr. chairman my time is expired. yield the balance. >> from start to finish, how long was it from when you got the proposal that you awarded the contract? >> i would have to go back and look at exactly when we released the rfq but i believe it -- and i don't want to misspeak. let me go back and find out when exactly we received the rfq and when we awarded the contract. i don't have that data with me. >> but it was less than 48 hours. >> i think it was in about that time frame. >> and the award is how much money? >> the contract is about $21 million for the services that we're providing for credit monitoring notification and the identity theft insurance. >> why was it made so fast? >> we wanted to -- >> and what was there other companies that could do just as good job? trying to figure out how we got that company. >> we received a number of proposals and evaluated them based on the government's needs. several requirements we put in the rfq that the companies responded to. and we evaluated all of those proposals that w

mr. chairman. senator blumenthal. >> thank you, senator nelson. thank you for being here today all of you. mr. kennedy, you have been with takata for only about three years, correct? >> no sir i've been with takata just over ten years. >> ten years? sorry. so you were with the company back in 2005? >> i started in december of 2004, correct. >> i'd like you to commit as executive vice president of this company that takata will establish a compensation fund similar to the one gm established. >> yeah, i haven't been involved in that end of the recall at this point, sir so i can't do that. i'll certainly take that back to our chairman and to our team and discuss that and get back with you on that. but i'm not in a position today to commit to that. >> don't you run the company's north american operation? >> i have responsibility for certain aspects in north america. i'm responsible for our customer activity including sales and marketing. engineering, application engineering, program management. some of our core engine o'ering not related to inflateors but other core projects and some i.t. and communications. >> well i'm just a country lawyer from connecticut but it sounds like y

sir. i would feel bad. >> mr. perry. >> mr. chairman, thank you.it is my understanding he would like to be healed sometime to you. >> thank you, mr. chairman. just a quick question for ms. feinberg. safety is important across the entire country and my home state of california ptc is slow to be implemented as well. 3.7 billion was put to california high-speed rail. the money has now been transferred to cal train. it has been transferred to 400 million of -- to help implement the terminal. why are we not transferring money to do ptc on the connector routes in california? >> we have asked for significant funding for implementation for the commuters. if you have the high-speed rail authority. >> e.u. stimulus dollars in different places in california for a change in terminal but not using for ptc. high-speed rail. the connector routes has the money if that money is available. >> 600 million -- >> so you're saying it's a priority you have it then it was then a quick enough in california? >> by the end of the year. >> just for the record we are spending

chairman's ever so gentle tap, tap, tap. i get the message, sir. >> i'd like to thank the gentleman for being expedient and so much time. >> thank you, mr. chairman. last but not least, hopefully. thank you witnesses for your time and efforts as we try to reach answers to this great tragedy that occurred in northeast corridor. it's been interesting to listen to some of these lines of questioning. it's hard for he tome to imagine why it's so complicated to get the answer to whether the engineer was utilizing a cell phone at the time of the crash. seems like it should be a simple answer, simple endevour to find out if as mrs. comstock in her line of questioning, during this period of time did he text? his he use his phone? it should be there. hard to figure out why it's not true. there was a news report that said amtrak 188 had a fist sized area of severe damage on its wind shield consistent with that being struck by a rock or object. 20 minutes before the crash a regional commuter train in the same area had to stop service after the window was hit by an object. finally also around the same time amtrak 2173 was also struck by an object wh

sir. appreciate your comments. thank you, mr. -- >> thank you, mr. chairman. i just want to kind of run through this. basically you're subject to the requirements of nefa. you have to do an eis or some kind of environmental assessment on the decisions that you make. there wasn't any decisions being made regarding carbon you're sued as a result, you signed a consent decree that says yes carbon will be part of that consideration, right? >> my predecessor -- >> the bank is under a consent order by the court to take that into consideration. it's similar to what happened to epa, when epa said carbon's not a pollutant the united states supreme court said it could be and you need to take a look at massachusetts case. and so i just want to make clear this is not a policy that came into existence when the president became the president it's not something that you initiated at the bank although you're administering it. it's creating controversy here. as a result the kirk heitkamp bill puts in there you can't discriminate against any legitimate business. that's something that was vetted strongly during the nego

sir. >> thank you. >> thank you. >> we'll rick news mr. heist for five minutes. >> thank you, mr. chairman. yesterday, as you well know, this committee heard testimony from several esteemed members of the press and outside groups who have experienced tremendous problems with foia requests and quite frankly, i was shocked and astonished by the testimony we heard yesterday. several comments stick to my mind, one in parparticular who used the phrase criminal obstruction to do with foia requests with the irss targeting of groups and an official told him if you scrutinize the government, the government will scrutinize you. moments ago ranking member cummings said all of you are making things sound rosey. we have a mess with potential criminal obstruction taking place. ms. howard, is that what tom fitten described common practice with the irs? >> it's not my experience it's any practice thewithin the irs. i don't see an intent -- >> so you see no targeting take place. you would deny what came out nationally. >> out side my area of expertise. i can speak to the records production. >> if someone ma

sir. >> mr. ambassador. >> thank you very much mr. chairman. gentlemen, i greatly appreciate the opportunity to testify today on this critical issue and i want to applaud all of you if i may, for the way in which as many cardin said you came together and drafted and passed legislation which will give the senate a very important role in overseeing the details of this agreement. and i also applaud the deliberate way in which you are going about making sure that you understand the technical dimensions of which i couldn't come close to understanding. so thank you on behalf of all of us for taking this so seriously. i think if you are presented with an agreement, you will likely have to make a choice either to endorse it -- an agreement that will remove sanctions on iran but should ensure it remains nuclear weapons free for 10-15 years. or on the other hand to reject the agreement which would leave iran three months from a nuclear weapon under eroding agreements. it is a difficult choice. in making that choice you need to take account of the regiona

sir. >> mr. ambassador. >> thank you very much mr. chairman. gentlemen, i greatly appreciate the opportunity to testify today on this critical issue. i want to applaud all of you, if i may, for the way in which as mr. card p said, you came together and drafted and passed legislation which will give the senate a very important role in overseeing the details of this agreement. and i also applaud the deliberate way in which you are going about making sure that you understand the technical dimensions of this which i couldn't come close to understanding. so thank you on behalf of all of us for taking this so seriously. i think that if you are presented with an agreement you will likely have to make a choice either to endorse it an agreement that will remove sanctions on iran but should ensure that it remains nuclear weapons free for at least 10 to 15 years. or on the other hand to reject the agreement. which would leave iran three months from a nuclear weapon under eroding sanctions. it is a difficult choice. in making that choice, you will need to

chairman of the board. >> no, sir. >> how about hasam ben-gasim? >> no. >> how about mr. fore? >> no. only four directors. the last one is owen lee. i asked you about him earlier. >> no, sir, i have no recollection of him. >> you know, you've let a contract in a very sensitive area. i mean, this literally impacts millions of people. it impacts their -- potentially impacts their financial well-being, their careers, yet it appears you didn't do the most basic research into the company that you've contracted this with. if you had, i think you might have discovered that mr. lee is under investigation by the department of justice and the securities and exchange council -- commission, i mean. they're looking into his management of a group called karnisi, which in nine months he lost 99.7% of the money invested in that hedge fund. mr. mcfarland, let me ask you this, if you had known this, would this have raised a red flag with inspector general's office? >> absolutely. >> i've listened to mr. cummings, i've listened to the chairman. and the more i listen to these guys and members of t

sir. >> mr. camus i want to come back to you because i want to follow up on what the chairman was talking about. because as we started to look this whole thing of willful is a very high standard. you almost have to have the smoke coming out of the end of the gun and yet, in your investigation and i started reviewing his statements before this committee and just to express, we confirmed the back up tapes no longer exist. we've confirmed that lois lois lerner's e-mails are unrecoverable. we had another statement that would indicate that they worked diligently to find these missing e-mails but you found them in six different sources. is that correct? >> that's correct. >> so how could, if we have these statements, how do you reconcile those statements how does someone say they don't exist and according to your testimony here today they didn't even look. how could you say that was anything other than willful. >> the issue that we have here is a management failure. >> so -- and you did and that's where i want to pick up because if we have a management failure, one thing that hasn't been talked about

sir. >> time of the gentleman has expired. chair now recognizes the gentle lady from missouri, ms. wagner. >> thank you, mr. chairman. there seems to be so much interest in this issue of liquidity. so i just can't help myself. and perhaps i'll ask a question that will help put this to rest for all of us. in going back to your march 2015 testimony, secretary lew, on the issue of liquidity you said, and i quote, so i think that this is something that requires a lot of analysis. we're doing it. and i'd be happy to share with you a more complete analysis when we complete it. now, this was march of 2015. i didn't get anything at 11:18 last night. what's the plan here? >> well, as i've indicated earlier, our hope is in the next few weeks that analysis of october 15th will be completed. and we look forward to sharing it with the committee. it's been a complicated analysis. it's required a number of agencies working with very different bodies of data. and i'm very anxious -- >> so within the next three weeks we will receive -- >> i can't say three weeks. over the summer is the schedule we're working on. i hope -- i've been p