mr. ellison. mr. ellison: i ask unanimous consent to enter into the record a report entitled banking on the hard sell. low wages and aggressive sales metrics. put bank workers in customers at risk. i'd like to enter into the record an op ed i wrote the .ther day ers need a union. i would like to note for my colleagues, progressive caucus held a june 10 briefing listening to the workers that we have been talking about today. we would be happy to do another one. but on june 10 we had workers come in and testify to the very thing that was -- that we have been talking about today. which is these high pressure sales techniques. mr. stumpf, if you are a work at wells fargo and you are expected to seek out and reach sales goals, you mentioned that, right? mr. stumpf: we had sales goals. mr. ellison: yes or no, sir. i don't have a lot of time. i'm not trying to be unkind but don't waste my time. yes or no. mr. stumpf: yes. mr. ellison: could you tell me, do you-all have something known as prospecting calls tha

mr. ellison. mr. ellison: i ask unanimous consent to enter into the record a report entitled banking on the hard sell. low wages and aggressive sales metrics. put bank workers in customers at risk. i'd like to enter into the record. chairman hensarling: without objection. mr. ellison: i also like to enter a record an op-ed i wrote in the daily beast the other day entitled john stumpf's wells fargo racket shows why bank workers need a union. chairman hensarling: without objection. mr. ellison: i would like to note for my colleagues, progressive caucus held a june 10 briefing listening to the workers that we have been talking about today. we would be happy to do another one. but on june 10 we had workers come in and testify to the very thing that was -- that we have been talking about today. which is these high pressure sales techniques. at stumpf, if you are a work wells fargo and you are expected to seek out and reach sales goals, you mentioned that, right? mr. stumpf: we had sales goals. mr. ellison:

mr. ellison: i think congress has played an important role, as it should. ngress, after all, you know, passed laws that made second class citizenship and slavery the law of the land. congress passed the 13th amendment which outlawed slavery. 14th amendment which guaranteed citizenship and equal protection. congress then passed laws to help maintain racial subordination and congress ultimately 14th passed the 1955 1964 civil rights act to help end american apartheid. indicate anddeeply therefore congress should be part of the story of erecting the museum. congress is part and parcel of our american racial legacy. >> the museum is located on the national mall. do you think that's an appropriate place? mr. ellison: the national mall is absolutely where the african-american museum should be. there was slay trading on the national mall, d.c. was a slave trading town. d.c. was part of the story when we did desegregation. when america passed brown vs. board of education, there was a companion case that had to do with washington, d.c., sec regated schools. the mall

mr. ellison: mr. speaker, one wonders if there could possibly have ever been any small businesses only a few years ago. at its peak, 62% of workers were eligible for overtime pay. today only 7% are eligible. what did they do then? they hired people. this idea that making it fair for working people who work overtime is somehow going to bring doom and gloom and destruction on small businesses is absolutely nonsense. it's typical. we hear it all the time. anything we're going to do for working people just can't possibly be done or little people themselves will be hurt. this is a constant refrain. if big, big, big agriculture wants something they say, oh, we're here for the family farm. if big, big banks want something, they say, oh, we're here for the community banks. and if big, big, big businesses want something, and they don't want to pay their evertime they say, oh, well what about the small businesses. in fact this bill named for small businesses, folks out there listening should know that the titet

mr. ellison, for the purpose of a unanimous consent request. mr. ellison: mr. speaker, i ask unanimous consent to bring up h.r. 1217, the bipartisan expanded background checks legislation to honor the memory burdell, a mary and victim of gun violence who never received action on the house floor. the speaker pro tempore: the unanimous consent request cannot be entertained. mr. mcgovern: happy to yield to the distinguished gentleman from california, mr. thompson, for the purpose of a unanimous consent request. mr. thompson: mr. speaker, i ask unanimous consent to bring up h.r. 1217, the bipartisan expanded background checks legislation to honor the memory of john, a victim of gun violence who never received a moment of silence on the house floor. the speaker pro tempore: the unanimous consent request cannot be entertained. mr. mcgovern: mr. speaker, i want to ask for unanimous consent to bring up h.r. 1217, the bipartisan expanded background check legislation to honor the memory of jennifer rooney, age 44, from bristol, virginia, who was shot by a stray bullet wh

mr. ellison. mr. ellison: thank you for yielding, representative speier. i appreciate you being a leader on this issue looking after the public dollar, looking after our national security, making sure that we don't waste any money but that we put our energy into making sure that we protect the american people at the most proper cost because a dollar that we waste is a dollar we cannot use to do anything else. so your advocacy here, i think, is absolutely important. i'd like to thank you for organizing this hour to highlight an area of incredible waste of funds, the l.c.s. the test and evaluation office in the pentagon said in january that the ship is not reliable. the pentagon wants to pay for more -- for only two of these ships in 2017, enough to preserve competition and enough to make sure the taxpayers get the best deal for the money. yet, some in congress want to force the pentagon to buy three ships. three members of congress have expressed their concern about the ship. senator mccain and jack reed don't think they could defeat an enemy fleet unless,

mr. ellison and mr. heck on the democrat side, ms. wagner, mr. barr and mr. rothfuss on the republican side. the gentlelady from wisconsin is now recognized. >> thank you so much, mr. chairman, and thank you chair -- honorable chair yellen for joining us here today. i have a lot of questions so i'm going to move through them very quickly. you've had a lot of questions and concerned here today about why you've maintained interest rates so low when you're going to raise them and the inevitability of having to do that but there's a growing chorus of community folk and workers who have have challenged the fed. they say you have spent so much time worrying about inflation and being less concerned about labor market participation of vulnerable populations, people like to brag about the recovery of our economy but african-american labor market participation is still fledgling. so i wanted you to give an opportunity to sort of explain to us what other tools you may have in your tool kit and how you're not ignoring that problem. >> well, the state of the economy and t

mr. ellison posed to you about things happening on the front line? do you control that activity which was really what was going on here? mr. stumpf: we have leaders in those businesses who could answer those questions. i do not have that level of detail. >> i will not be here after the next election and one of the things i worked here since coming is on mortgage finance reform and entered into the record by mr. meeks was a list of wells fargo settlements for state and federal regulators and there is a whole list of $5 billion plus related to mortgage fraud. could you explain to me how your chain in control got out of hand with respect to these violations? the more impactful on economy than these fraudulent accounts although the accounts are really important. mr. stumpf: i dot -- do not want to minimize our mortgage settlements that we are by far the largest mortgage regulator. >> which is why i asked the question. mr. stumpf: we have made settlements with a number of agencies as other companies in our industry have an hour settlements -- we have had f

mr. ellison: let me just point out that all of us here, each one of us have sat with families who have lost loved ones to violence, including police violence. in my own district. filando castillo killed. his mother's grieving. his girlfriend's grieving. this young man was a lunchroom supervisor and all the children at the school he worked at are still grieving. i'm sure terence crutcher's family and everybody who loved him is grieving and keith lamont, scott's family will be grieving as well. when we come to the community and we say, look, we're going to fight for a change in law, we're going to make sure the law is enforced, we're going to pass the law, we're here to put pressure on the attorney general to make sure that the law's enforced, you know what? the community says to us, what if the law is not obeying the law? that's what they tell us. they tell us at community meetings across this country why don't the believe have to respect us if you're demanding we respect them? we tell people, comply, obey the law, do what you're supposed to do, we'll fix this thing the right way. i want to

mr. ellison: let me just point out that all of us here, each one of us have sat with families who have lost loved ones to violence, including police violence. in my own district. filando castillo killed. his mother's grieving. his girlfriend's grieving. this young man was a lunchroom supervisor and all the children at the school he worked at are still grieving. i'm sure terence crutcher's family and everybody who loved him is grieving and keith lamont, scott's family will be grieving as well. when we come to the community and we say, look, we're going to fight for a change in law, we're going to make sure the law is enforced, we're going to pass the law, we're here to put pressure on the attorney general to make sure that the law's enforced, you know what? the community says to us, what if the law is not obeying the law? that's what they tell us. they tell us at community meetings across this country why don't the police have to respect us if you're demanding we respect them? we tell people, comply, obey the law, do what you're supposed to do, we'll fix this thing the right way. i want to k

mr. ellison: the new african-american museum is so esen torble any american identity, no matter what color or background you may have. you can argue that the revolutionary war,

mr. ellison. >> thank the chair and rankingng member..ge chair yellen, thank you for your great service.i appreciate it. i'm of the opinion that the criticism that you have to o endure from certain quarters is really, really a shortsighted considering the ability for, is mean, that congress has certain responsibilities to provide fiscal stimulus as well. i think we have not done. i think we really kind of failed on a. all we really talk about revenues that we can cut budgets as opposed to do things that they think really grow the economy. anyway, that's just my opinion. i only that, leave that on the site. it's quite clear that wells fargo this youth unemploymentsi. benefits. i think it's a terrible corporate practice. section 956 of dodd-frank directed the federal reserve as well as other regulators to finalize incentive-based compensation was for financial institutions such that those rules don't encourage material losses or inappropriate risks. those rules were supposed be completed nine months after the passage of the act. can you give us a status update on when we can expect to see

mr. ellison. >> thank you for your great service. i appreciate it. i am of the opinion that thehea, criticism that you have toth endure from certain quarters is shortsighted considering that the ability, the congress has certain responsibility to provide fiscal stimulus and i think we have not done it. i think we have failed on it and all we talk about is how we can cut budgets as opposed to do things that i think really grow the economy. anyway, that's just my opinion. i will leave that on the side. it's quite clear that wells fargo misused, and they gets a terrible practice. we directed the federal resortrp reserve is as well as other regulators to incentivize for financial institution. such that those rules don't encourage material losses.ted nh can you give us a status update on when we can expect to see those rules? >> it went out for comment. comments have been received and i believe this staffs at theand, agency are working through those now. it has been a long time and i will do everything that i can for the federal reserve to be ready to act

mr. ellison. >> the chair and ranking member. chair thank you for your great service. i definitely appreciate it. and, you know, i'm of the opinion that, you know, the -- some of the criticism that you have to endure from certain quarters, you know, is really is short sided considering the ability for congress has certain responsibilities to provide fiscal stimulus as well. i think we have not done it. i think we've kind of failed on it and i think all we ever talk about around here is how we can cut budgets as opposed to do things that i think really grow the company any way, that's just my opinion. i'll leave that to the leave on on the side. it's quite clear that wells fargo misused unemployment benefits. i think it's a terrible corporate practice. section 956 of dodd frank as well as other regulators to finalize senate based for financial institutions such that those rules don't encourage "material losses" or "inappropriate risks" those rules were suppose to be completed nine months after the passage of the act. can you give me -- can you give us a status update on

mr. ellison. >> the chair and ranking member. chair thank you for your great service. i definitely appreciate it. and, you know, i'm of the opinion that, you know, the -- some of the criticism that you have to endure from certain quarters, you know, is really is short sided considering the ability for congress has certain responsibilities to provide fiscal stimulus as well. i think we have not done it. i think we've kind of failed on it and i think all we ever talk about around here is how we can cut budgets as opposed to do things that i think really grow the company any way, that's just my opinion. i'll leave that to the leave on on the side. it's quite clear that wells fargo misused unemployment benefits. i think it's a terrible corporate practice. section 956 of dodd frank as well as other regulators to finalize senate based for financial institutions such that those rules don't encourage "material losses" or "inappropriate risks" those rules were suppose to be completed nine months after the passage of the act. can you give me -- can you give us a status update on

ellison: i yield back. >> thank you mr. chairman. like the panel for being here. we are not here to talk about obamacare or donald trump. we are here in an open hearing to try and get some clarity to this transaction that i think has been inadequately disclosed by the administration. the fact that we are doing part of this not in a classified setting is for the benefit of the american people, so that they have more clearly about this transaction and the details around it. i think the chairman for scheduling and. i am confused. my friends from south carolina began talking about president clinton signing of the victim's to in 2000, and related also my friends comments from minnesota. noted to accounting and government speak. i am trying to understand that if, as you said, that the $400 million was was appropriated by congress, did we release iran from their $400 million obligation? we keep talking about it as if we froze this account in 1979, and pursuant to the algiers accord, the money was still sitting there. but in fact we paid out $400 million from appropriated

mr. addleson, for good will. >> hallie jackson, thank you very much. kasie, see you in a minute. congressman keith ellisonn a haystack. is there anything american intelligence can do to stop isolated young men like the suspects in minnesota and new york attacks, if they were in fact isolated? that's after this. discover card. customer service! ma'am. this isn't a computer... wait. you're rl? with discover card, you can talk to a real person in the u.s., like me, anytime. wow. this is a recording. really? no, i'm kidding. 100% u.s.-based customer service. here to help, not to sell. this bad boy is a mobile trading desk so that i can take my ading platform wherever i go. you know that thinkowim seamlessly syncscross all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade what's that? the number of units we'll make next month to maximize earnings. that's a projection. no, it's a fact. based on hundreds of proprietary and open data sets folded into a real-time, actionable analytics mo