mr. gonzalez, is coming to us remotely, is now recognized for five minutes. mr. gonzalez: thank you, chairman. thank you for holding this hearing. important hearing. thank you to our witnesses for your insights. mr. redbord, i'm going to start with you. there are some who believe that absent a u.s. cbdc we won't be able to implement sanctions or administer effective foreign policy. my contention is private stable coins provided those are dollars are dominated in u.s. dollars allows for sanctions to continue. where do you land on this the specific question around the ability to conduct sanctions and foreign policy in a world of dollar-backed stable coins versus cbdc? mr. redbord: there are two questions. first, you have punitive sanction measures and we've seen this taken in the block chain based, private block chain based world. we saw ofac go down russia base and their ability to not move funds. we've seen as mr. levin and i boast mentioned go after laz russ group, north korea's cyber criminals through the use of sanctions. we've seen effect of course sanctions t

mr. gonzalez, this is julian escamilla doors on the gravel on look for christian beede will at augusta guess kim dumont thompson steerage can get you covered if not able to finish the book, the nature bush, which is all on some of the cups the boys key syndrome and he has a pretty hot dog from the home by gib la billing. sure lady of his, the, of the a her can i get it if i even e, he's not understandable or what's a sin of them, but she is not seen yet. she shall issy bear, leach, but in the north says quench horace chalet reason he ablest we're going $1000000000.00 of modesty of appoint you subway. argy solution, right? you have a chunk of that, the balloon, the one that's on either. one of them was the reaction because he'd say star daniel at a populace the don't. she didn't have anything on the book money. i'm yet cuz i wish the m sooner than later. so i know what you're fitted, so i would have been but you had a lot. yeah. near the godaddy office about, you know, what it is. all somebody will assume i see it doesn't cover the focus. those are still out there yet. they hear them, but som

mr. gonzalez. this is julian escamilla, daughter, one the crab, called the clinician, big. we'll get the class, the guest can demand them. city steerage committee cravat, if not to what's available, the nature bush, which is all on cinema cuts. the wooden ski syndrome and he has a pretty horse dot come down here by gib labianca lady of his doctor, your kirk and i get it if i even if he is not understandable or what's it seemed and then, but she's not seen. yeah, i shall see barely that, but in the you can book the most as a country chalet, reason the ambulance here and 1000000000 dollar was modesty appointed a boy argy solution. yes, the chunk of that, the building, the one that santa looked at them was the young people because he'd sway stand on you as a populous adult. she didn't ask anything on the book, my inconvenience because i wish the m united cell. i know what you're fitted, smell it, being the trip a saw young, the godaddy locked it is all to leave. will assume i see it on a cover before was still there still a go ahead. they should have crashed on a logging. go t

mr. gonzalez, this is julian escamilla bosco, on the gravel or not, but couldn't use them begun that the class significantly more than steerage clinic you covered. and if not able to finish the beginning hbo issue, which is all on some of the cuts the whiskey syndrome, and he has a pretty harsh dot. com. don't buy gib labelling chalet up yesterday for your homework. and i get it if i even if it's not understandable or what's it seemed and then, but she's not seen. yeah, i shall estie barely that but she didn't come with them. no, says crunchers, show my reason, the ambulance here and 1000000000 dollar was modesty when she's a boy argy solution. yes. the chunk of that, the building that when that son, either one of them, he was pretty young to them because he'd say, star daniel ended up being in the don't. she didn't ask anything on the book, money and ammonia as i wish, the m united. so i know what you're fitted from it when it being, but you never saw you the godaddy logs about, you know what it is wrong. somebody will assume i see at that curve out before hospitals are still out there

mr. gonzalez has made these as a gift for an argentine friend to help him settle in his label is on every pear, maximum quality, 100 percent leather and bowed and made by hand to his house is literally falling apart, held together just barely yet. that's not what's motivating him to leave. gelatin. you go on without me by for a day and turn your meal note on there and what you're saying? yes, i feel to say if i go knock on in a cell limping me, i did it gay. say by a me as a sale on the role and much of my good moodle. going to seattle load if only got or say, i guess, assume he got the living the leg though us who then legally, i feel, i mean, you know how you mean it seems a little better and i will go really. so, act, lucille, say off, you only feel go, mean we probably, i mean, probably, i mean, i would kill it. so, how old were you in the cuban revolution? triumphed. got, don't say i a, did you support the cuban revolution? not by your m i o t i to burn my audio, look forward for j in go see pm, which a poli lang, somebody already had a bowl in your $1000000.00 law freelance to flori

mr. gonzalez has made these as a gift for an argentine friend to help him settle in his label is on every pair, maximum quality, 100 percent. leather and bowed and made by hand blue. his house is literally falling apart, held together just barely yet that's not what's motivating him to leave. gelatin you go on without me by 40 and 20 meal neuron day and what your son use. i feel to say if i go knock on even a cell limping me, i did it gay. say by a me as a sale overall. and much of my good mood is going to seattle load if only got or say, i guess, assume he got the, let me the leg though us who then mckinney, i feel i'm a ya know, i emailed him. go ahead. miller. i'm either on the moon though. better i'll, i will go to leave. so act, lucille, i'll say i only see him told me we brovio, we probably only know kelly. so how old were you in the cuban revolution? triumphed. got, don't say i a, did you support the cuban revolution? not by your m i o t i to burn my audio look forward. but again, in cool se film with your polling ring, somebody at a bowl in your $1000000.00 law freelance to florid

mr. gonzalez is put himself. will this be the year vosta agree? capture the european frown. oh, well the sport stories making headlines. it boxing super middleweight champion candy yellow. others needs skin id call of kin in las vegas on saturday. and hello will put his belt on the line in the tunnel about. it's the 3rd time that you have made in the ring, ab, it's being billed as one of the greatest trilogies in the sport of boxing. the only 2 bouts full of kin has not one during his bigger career have been against kenny lewis, perhaps use out of the us, the american football league nfl is joining was, is with germany's football league. the bonus vega, despite being different sports and agreement, was made this week to help for business in their respective market leagues will increase collaboration in production broadcast and more generally we'll host its 1st ever regular season nfl game on november 13th at music's at amc. 6 and in case you missed it, michael jordan, chicago bulls josie from the 1998 in b, a finals was over $10000000.00 at auction, making it the most expens

mr. gonzalez. the speaker pro tempore: the gentleman from texas is recognized. mr. gonzalez: thank you, madam speaker. i rise today to encourage my colleagues on both sides of the aisle to vote yes on the blackwell school national historic site and thank my distinguished colleague from alabama for allowing me this opportunity. this bill would designate the blackwell school in my district as one of the first national park sites dedicated to latino history. this legislation comes at a critical time as we celebrate the accomplishments of the latino community during hispanic heritage month. from 1909 to 1965, the blackwell school in marfa, texas, was the only public school for the city's mexican american children. although there was no state law that mandated separated schools for hispanic students, it was common practice for them to be taught at different facilities. this meant that the blackwell school was the only place where children of mexican descent could be educated and have a shot at the american dream. today the blackwell school reminds us of the resiliency the

mr. gonzalez is now recognized for five minutes. >> thank you madam chair. mr. dimon i want to ask you some questions. mr. dimon you've been outspoken about the global economy and your concerns and to define the soft lasting -- a soft landing with limited risk and a hard landing of the prolonged recession. from a policy standpoint what are you most concerned about or would you believe needs to happen to avoid the hard landing scenario? >> i think the sooner we get our hands around inflation so we avoid stagflation the worst outcome inflation with no growth in unemployment etc. and seconds to make sure we have secured a jeep policy so oil prices don't skyrocket and energy isis cario. >> how confident are you in that? >> i'm keeping my fingers crossed. >> me too. in the event of a hard landing would you believe the economy is multiple wearable for my financials debility standpoint? >> the consumer in the recession is being shaped compared to 08 and 09. if you hard landing you see it it -- i don't think that the issue. the financial industry can handle a hard landi

mr. gonzalez of texas and mr. desjarlais of tennessee, i inform the house that all of these members will vote nay on the rule. thank you. the speaker pro tempore: for what purpose does the gentleman from texas rise? >> as the member designated by mr. burgess of texas, i inform the house that mr. burgess will vote no on whatever it is we're voting on. the speaker pro tempore: for what purpose does the gentleman from michigan rise? >> madam speaker, as the member designated by mr. kinzinger of illinois, mr. rice, i inform the house that they will vote nay on the rule. the speaker pro tempore: for what purpose does the gentlelady from california rise? >> as the member designated by mrs. bustos of illinois, i inform the house that mrs. bustos will vote yes on house resolution 1377. and as the member designated by ms. frankel of florida, i inform the house that ms. frankel will vote on h.r. 1377. the speaker pro tempore: how will the gentlelady from florida vote? what is her vote? ms. brownley: the gentlelady from flor

mr. gonzalez, it's recognized for five minutes. >> thank you, chair. i'm going to do a little macro micro. mr. dimon, macro, mr. moynihan, micro side. mr. dimon, even as a book about the state of the global economy and some of your concerns. going to define us all finding for the purposes of this has a mild recession with limited financial stability risks. her landing is a prolonged recession, two plus quarters with heightened stability risks. so, keep that in mind. from a policy standpoint, what are you most concerned about what do you believe needs to happen to avoid the hard landing scenario? >> i think the sooner that the federal reserve gets their hand around inflation, so we avoid stagflation, that is the worst outcome. inflation with no growth and unemployment, that hurts the most people and most businesses, et cetera. so, again to make sure we have secure energy policies, so that prices don't skyrocket, energy is precarious. if we see that 1:50, it will cause a global recession. >> how confident are you in the fence ability to do that? >> i'm ke

mr. gonzalez of texas, these members will vote yes. the speaker pro tempore: for what purpose does the gentleman from ohio seek recognition? >> as the member designated by mr. lahood, i inform the house that mr. lahood will vote nay on the previous question. the speaker pro tempore: for what purpose does gentleman seek recognition? >> madam speaker, as the member designated by mr. lawson and mr. mfume, they both vote yes on h.r. 1396. the speaker pro tempore: for what purpose does the gentlewoman from pennsylvania seek recognition? >> as the member designated by ms. demmings of florida and mr. ryan of ohio, i inform the house that these members will vote aye on house resolution 1396. thank you. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? >> as the member designated by michelle steele of california, i inform the house that mrs. steel will vote no on the previous question. the speaker pro tempore: for what purpose does the gentleman from pennsylvania seek recognition? >> as the member des

mr. gonzalez of texas, this was this month regarding special election, this month we are discussing flores' upset victory said, they stole that last election. it is quite rich hearing these accusations coming from my friends across the aisle. when we call into election, it is a threat to democracy. it doesn't stop with my friends across the aisle here in this chamber. kamala harris and agreed with a radio show host that she should be concerned and said we should believe what the intelligence community has told us, which is russia did interfere in the election of the president in 2017. that's now vice president saying that. also, it is absolutely rich that she cites the intelligence community when they knew the same intelligence community that wasn't able to discern the russian interference story was a hoax and same intelligence community told us the hunter biden laptop was russian disinformation and had that laptop in their possession, same intelligence community that told us that kabul would stand strong and ukraine would fall within hours. that's the intelligence community that they are

mr. gonzalez from ohio for co-sponsoring. the commonsense bill will modernize credit union practices while ensuring the safety and soundness of federal credit unions. h.r. 6889 would amend the federal credit union act to revise the frequency of meetings that a federal credit union's board of directors is required to hold. specifically the bill requires monthly meetings for de novo federal credit unions during the first five years of existence. highly rated credit unions, one or two ratings, with high management ratings, must hold at least six meetings annually, with at least one meeting held during each fiscal quarter. lower rated credit unions, three, four, five, must continue meeting once a month. this is a change from current law which requires all federal credit union boards to meet at least once a month. this meeting requirement can be burdensome for credit union staff and their volunteer board members. this is especially true for smaller credit unions and for those with few employees or those located in rural areas. the

miss gonzalez-colon: thank you, mr. speaker. earlier this month we were thinking about five years since hurricane. in five years felt like nothing. maria was wunsch our greatest natural disasters costing collapse of all essential infrastructure in puerto rico. we still see defects linger. my colleagues in congress came with me to the island and responded with funding for recovery. staff from fema and other agencies have been working hard, but the effects have been slow to be seen. many obligations for permanent infrastructure began only in the late 2020. and meanwhile, challenges continue. earthquake, covid, supply chain crisis, a power grid that remains unreliable. uncertainty about the continuity of medicaid and additional assistance funds. the people were exhausted and stressed. and then came hurricane fiona. fiona did not bring category 4 or category 5 winds. instead rainfall noter before, up to 30 -- not like ever before. up to 30 inches. fiona cause add lot of f floodi. it was historic. in many places in the south of the i

mr. speaker, as the member designated by congress members tim ryan, vicente gonzalez, and ritchie torres, i inform the house that these members will vote yes on h.r. 3843. the speaker pro tempore: for what purpose does the gentleman from tennessee seek recognition? mr. fleischmann: mr. speaker, as the member designated by mr. palazzo of mississippi, mr. bilirakis of florida, and mr. brooks of alabama, i inform the house that these members will all vote nay on h.r. 3843. thank you. the speaker pro tempore: for what purpose does the gentleman from virginia -- from new jersey seek recognition? mr. pallone: mr. speaker, as the member designated by mr. donald payne, mrs. ann kirkpatrick, and mr. peter defazio, i inform the house that these members will vote yes on h.r. 3843. the speaker pro tempore: for what purpose does the gentleman from south carolina seek recognition? >> mr. speaker, as the member designated by mr. joe wilson from south carolina, i inform the house that mr. wilson will vote nay on h.r. 3843. the speaker pro tempore: for what purpose does the gentleman from virginia seek re

mr. gonzalez, it's recognized for five minutes. >> thank you, chair. i'm going to do a little macro micro. mr. dimon, macro, mr. moynihan, micro side. mr. dimon, even as a book about the state of the global economy and some of your concerns. going to define us all finding for the purposes of this has a mild recession with limited financial stability risks. her landing is a prolonged recession, two plus quarters with heightened stability risks. so, keep that in mind. from a policy standpoint, what are you most concerned about what do you believe needs to happen to avoid the hard landing scenario? >> i think the sooner that the federal reserve gets their hand around inflation, so we avoid stagflation, that is the worst outcome. inflation with no growth and unemployment, that hurts the most people and most businesses, et cetera. so, again to make sure we have secure energy policies, so that prices don't skyrocket, energy is precarious. if we see that 1:50, it will cause a global recession. >> how confident are you in the fence ability to do that? >> i'm ke

mr. speaker, as the member designated by congress members gonzalez, ryan, and cuellar i inform the house at these members will vote yes on h.res. 1404. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? >> mr. speaker, as the member designated by michelle steel of california, i inform the house that thee she will vote no on the rule. the speaker pro tempore: for what purpose does the gentleman from virginia seek recognition? mr. beyer: mr. speaker, as the member designated by mr. mceachin, ms. newman, mr. boyle, mr. mfume, mr. kind, and ms. chu, these six members will vote yes on h.res. 1404. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? >> mr. speaker, as the member designated by ms. conway of california, i inform the house ms. conway will vote nay on the rule. the speaker pro tempore: for what purpose does the gentlewoman from texas seek recognition? >> mr. speaker, as the member designated by ms. speier of california, i inform the house that ms. speier will vote yes on house res. 1404. thank yo

mr. speaker, as the member designated by congress members tim ryan, vicente gonzalez, ritchie torres, and ruben gallego, i inform the house that they will vote yes on h.r. 8463. the speaker pro tempore: for what purpose does the gentleman from texas seek recognition? mr. gohmert: mr. speaker, as the member designated by mr. madison cawthorn, i inform the house that mr. cawthorn of north carolina will vote nay on h.r. 8463. the speaker pro tempore: for what purpose does the gentlelady from north carolina seek recognition? ms. adams: mr. speaker, as the member designated by mr. cleaver of missouri, i inform the house that mr. cleaver will vote yes on h.r. 8463. the speaker pro tempore: for what purpose does the gentleman from idaho seek recognition? mr. fulcher: mr. speaker, as the member designated by mr. mike simpson of idaho's sect district. -- second district, i inform the house that mr. simpson will vote yes on h.r. 8463. mr. beyer: mr. speaker, as the member designated by ms. chu, ms. newsman, mr. mceachin, mr. rush, i inform the house that these members will vote yes on h.r. 8463. th

my colleague across the aisle, congresswoman gonzalez-colon, knows like so many other issues she has my support. mr. speaker, like many virgin islanders, september is a month forever etched in my mind. five years ago on september 6 hurricane irma relentlessly pummeled the territory and virgin islanders watched in mute shock as a category 5 storm shredded roofs, uprooted trees, and shattered lives. then two weeks after hurricane irma, five years ago today, hurricane maria made landfall. for hours that stretched into the early morning another category 5 hurricane rocked destruction across parts of the island that had not been shredded by irma. the compounded impact of two category 5 hurricanes is unfathomable. virgin islanders undeterred by the dramatic scale of devastation rallied in the face of tragedy and proceeded to rebuild their lives and our community. virgin islanders banded together to deliver food and medical supplies, organize cleanup initiatives, and volunteered to transport people and goods between the multiple islands and puerto rico. the response of this body, the house of representati

mr. bacon will vote yea on h.r. 8987. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? >> madam speaker, as the member designated by congress members vicente gonzalez, tim ryan, henry cuellar, and zoe lofgren, i inform the house that these members will vote yes on h.r. 8. the speaker pro tempore: for what purpose does the gentleman from wisconsin seek recognition? >> madam speaker, as the member designated by mr. tom tiffany of wisconsin, pursuant to house resolution 8, i inform the house that mr. tiffany will vote aye on h.r. 8987. the speaker pro tempore: for what purpose does the gentleman from new york seek recognition? >> madam speaker, as the member designated by miss kathleen rice of new york, i inform the house that miss rice will vote yes on h.r. 8987. the speaker pro tempore: for what purpose does the gentleman from new york seek recognition? >> as the member designated by mr. jacobs of new york, i inform the house that mr. jacobs will vote aye on h.r. 8987. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> as the member designated by mr. carson, i inform the house that the member will vote yes