mr. cummings is going to brief me completely on everything that happened.on one of our prior hearings, we had a special agents that basically testified that the enforcement was not strong enough without was one of the problems of the border that there wasn't an expressed wall against trafficking and guns, and that a lot of times were to use the terms of one of the agency called him to phyllis, that you couldn't do anything with it and they said that the penalties even in trafficking guns and serious offenses and straw purchases and all kind of things really ended up in more than probation so therefore they didn't even feel like pursuing the convictions because the penalties were so relaxed, and it was inadequate even to detour for the illegal purchases, and it wasn't strong enough to encourage the cooperation of the facts when they were cooperating they had to have stronger laws. so, i put in a bill with other members of this committee to make trafficking and guns a federal crime, and i'd like to ask special agent mcmahon and newell whether or not you think

mr. cummings and reserve the right to close. mr. cummings: i thank the gentleman for yielding. i rise in opposition to the amendment and i rise in strong opposition to this bill. this misguided legislation speaks to -- seeks to destroy consumer financial protection bureau on its birthday. before it even has time to take its first breath. out of fear that the interest of consumers, our constituents, by the way, may finally have a voice here in washington. i note that the cfpb is the only federal agency that can have its regulations vetoed by other banking regulators serving on a financial stability oversight council that bill would make that veto process even easier. among other destructive provisions, h.r. 1315 would exclude the director of the cfpb from serving as a voting member of the fsoc which would make the director the only banking regulator without a seat on the council. the cfpb is one of the most important creations of dodd-frank because it is the very agency focused on ensuring that the consumer protection products made available in the marketplace will not lead to f

mr. cummings is going to brief me completely on everything that happened.on one of our prior hearings, we had a special agents that basically testified that the enforcement was not strong enough without was one of the problems of the border that there wasn't an expressed wall against trafficking and guns, and that a lot of times were to use the terms of one of the agency called him to phyllis, that you couldn't do anything with it and they said that the penalties even in trafficking guns and serious offenses and straw purchases and all kind of things really ended up in more than probation so therefore they didn't even feel like pursuing the convictions because the penalties were so relaxed, and it was inadequate even to detour for the illegal purchases, and it wasn't strong enough to encourage the cooperation of the facts when they were cooperating they had to have stronger laws. so, i put in a bill with other members of this committee to make trafficking and guns a federal crime, and i'd like to ask special agent mcmahon and newell whether or not you think

mr. cummings? >> thank you, mr. chairman.rom early on in this case as atf agents and officials raise concern about the number of guns purchased by fast and furious, they were flowing from arizona to mexico. mr. leadmon, you testified in march of 2010 that you provided a detailed briefing about fast and furious to the acting deputy director hoover assistant director javan and several others; is that correct? now mr. mcmahon, after the march 2012 briefing, mr. hoover directed the phoenix field officer to prepare an exit strategy to shut down the operation within 90 days; is that correct? >> that's correct we asked for an exit strategy. >> and in his interview mr. hoover told the committee this was the first time in his career that he had ever asked for an exit strategy but that he felt that he needed one because he was very concerned about the large number of guns being purchased by the suspects. mr. spiegel, did you share mr. hoover's concern about the large number of weapons in this case? with others? spearman absolutely. i t

mr. cummings used it. in case you what kind needs is a form of oversight. these are illegal, why isn't eric holder sitting with unix anybody's done? why do we need your agency if they're already illegal? >> congressman, is the real question about whether there is an adequate investigation into -- >> would it be done with respect to attorney general holder and a 90 plus united states attorneys, most appointed by this administration. would it be done to crucial them to do their jobs? i've heard the word illegal and that has a specific meaning to me. if it's illegal, would it be done to the shoulder prosecutors to do something about it? >> congressman, that's what we did what we got involved in mortgage settlement and were so sharply criticized for having advised the department of justice and our sister agencies as they are trained to work through holding responsible. >> you are criticized for criminal prosecution? >> congressman, we were criticized for trying -- >> by whom? .me. >> congressman mchenry. >> i'm going to let congress made kelly speak for himself

mr. cummings used it. criminal and civil engagement with companies is also another form of oversight. if these practices are illegal, then why isn't eric holder sitting here with you explaining what he's done? why do we need your agency if they're already illegal? >> well, congressman, i think there's a real question of whether there's been adequate investigation into what financial -- >> what have you done with respect to attorney general holder and the 90-plus united states attorneys, most of whom have been appointed by this administration, what have you done to conjoel them to do their jobs? because i heard the word illegal and that has a very specific meaning to me. if it's illegal, what have you done to conjoel the prosecutors to do something about it? >> congressman, that's what we did when we got involved in mortgage settlement and we're so sharply criticized for having advised the department of justice and our sister agencies as they're trying to work through holding responsible the parties that violated the law. >> referring people for criminal prosecution? >> congressman, we

mr. cummings? >> thank you, mr. chairman.early on in this case as atf agents and officials raise concern about the number of guns purchased by fast and furious, they were flowing from arizona to mexico. mr. leadmon, you testified in march of 2010 that you provided a detailed briefing about fast and furious to the acting deputy director hoover assistant director javan and several others; is that correct? now mr. mcmahon, after the march 2012 briefing, mr. hoover directed the phoenix field officer to prepare an exit strategy to shut down the operation within 90 days; is that correct? >> that's correct we asked for an exit strategy. >> and in his interview mr. hoover told the committee this was the first time in his career that he had ever asked for an exit strategy but that he felt that he needed one because he was very concerned about the large number of guns being purchased by the suspects. mr. spiegel, did you share mr. hoover's concern about the large number of weapons in this case? with others? spearman absolutely. i think

mr. engelmayer graduated summa cum laude harvard university 1983. he then graduated magna cum laude from harvard law school 1987. following law school, the nominee clerked for judge patricia wald, u.s. court of appeals for district of columbia and then for justice thurgood marshall of the supreme court. after his clerkships, mr. engelmayer joined the united states attorney's office for the southern district of new york as assistant u.s. attorney. in 1994, he became an assistant to the solicitor general of the united states. in 2000, the nominee entered private practice with wilmer hale and was later named partner in charge of the new york office. the american bar association standing committee on the federal judiciary has given mr. engelmayer a unanimous, well-qualified rating. i support this nomination and congratulate him on his professional accomplishments. a few words on judge manglona. she received her bachelor's of arts degree from the university of california-berkeley, 1990. in 1996, she graduated from the university of new mexico law school.

mr. president -- in 2007, tapiya on the left here graduated summa cum laude from the university of cincinnati with a degree in finance. for the past two years, she's worked at an accounting firm and she dreams of being a certified public accountant. she cannot as long as she is undocumented. in her letter to me, she said what america mens to me, "quite simply, when you say the american dream all around the world, they know what you're talking about. people who have never been to our shores, eaten our food or even spoken our language have heard of a prosperous nation that above all else grants freedom and rights to all peop people." dominique, on the right, is now 21. last month, she graduated from the university of cincinnati, a double degree in chemistry and premedicine. she's now working at the university hospital and the jewish hospital in the research department of clinical studies. dominique is studying for the mcat and plans to apply to medical school when her immigration status is resolved. dominique told me -- and i quote -- "i dream of being a doctor and of giving back to a country t