mr. lutnick to give his own remarks. mr. lutnick: thank you. and thank you, jd, mr. vice president, for the kind introduction. i appreciate your friendship. i'm profoundly grateful to president trump for the confidence and faith he has placed in me. it is an honor to appear before you as your nominee for secretary of commerce. my family is here with me today. i would like to introduce you to my wife, who is behind me, who for 30 years has been my great partner, advisor, and a spectacular mother to our wonderful children. and my oldest son kyle behind me. brandon. casey. and ryan. my extraordinary sister is also here as well as alison's brother rick and my sister-in-law abby and many of my closest friends who have chosen to come down and support me. i grew up on long island, new york. my mother was an artist and art teacher. my father was a professor of american history. my mother taught me how to appreciate life. when i was 14, she was diagnosed with terminal cancer. she decided if she was going to die, before that, she was going to live. i will never forget the day

mr. lutnick: i am trying to. sen. lujan: yes or no. mr. lutnick: yes, i work for the president of the united states. sen. lujan: i appreciate you being cute. mr. lutnick: i'm not trying to be cute. sen. lujan: is not cute to the american people that don't have access to these programs when they are being promised a i will get tutoring to every student. it won't happen if people don't have -- mr. kennedy was in the air -- other room saying every person in america who get the access to an ai doctor to cure the cancer they have or whatever other critical illness. it's not cute. this is serious business. we are talking about carrying programs out for the country. i understand you are a very successful person. we are asking simple questions. we had an incredible conversation in the office. incredible conversation. very respectful. this is not that. i just don't understand. i am not asking for a response. i'm not. mr. chairman, one of the areas we agreed is we should work in a bipartisan basis to get these things done. i have a reputation of bein

mr. lutnick. >> great. good morning, mr. chairman, ranking member cantwell and i see senator curtis has my old chair so hopefully you do as -- have as much fun as i did and do as much good as i tried to do. senator moreno and all the members of the committee, i'm thrilled to be here and introduce my dear friend howard lutnick, who i think will make an amazing commerce secretary for the united states of america. one of my mentors in business always said that any good business has both productin peoe and salespeople, and howard is one of the few people who is both a product guy and a sales guy. p i want to talk about that because i think that america as commerce secretary needs a product guy and sales guy. if you look at his career, howard is the kind of guy that developed innovative products and has a number of pat tents to his name and -- patents to his name and i didn't know that when i first met him but learned later. he's an incredible sales guy and a person on the world stage will say more and do more and convince busine

mr. lutnick to give his own remarks. mr. lutnick: thank you. and thank you, jd, mr. vice president, for the kind introduction. i appreciate your friendship. i'm profoundly grateful to president trump for the confidence and faith he has placed in me. it is an honor to appear before you as your nominee for secretary of commerce. my family is here with me today. i would like to introduce you to my wife, who is behind me, who for 30 years has been my great partner, advisor, and a spectacular mother to our wonderful children. and my oldest son kyle behind me. brandon. casey. and ryan. my extraordinary sister is also here as well as alison's brother rick and my sister-in-law abby and many of my closest friends who have chosen to come down and support me. i grew up on long island, new york. my mother was an artist and art teacher. my father was a professor of american history. my mother taught me how to appreciate life. when i was 14, she was diagnosed with terminal cancer. she decided if she was going to die, before that, she was going to live. i will never forget the day

mr. lutnick to give his own remarks. mr. lutnick: thank you. and thank you, jd, mr. vice president, for the kind introduction. i appreciate your friendship. i'm profoundly grateful to president trump for the confidence and faith he has placed in me. it is an honor to appear before you as your nominee for secretary of commerce. my family is here with me today. i would like to introduce you to my wife, who is behind me, who for 30 years has been my great partner, advisor, and a spectacular mother to our wonderful children. and my oldest son kyle behind me. brandon. casey. and ryan. my extraordinary sister is also here as well as alison's brother rick and my sister-in-law abby and many of my closest friends who have chosen to come down and support me. i grew up on long island, new york. my mother was an artist and art teacher. my father was a professor of american history. my mother taught me how to appreciate life. when i was 14, she was diagnosed with terminal cancer. she decided if she was going to die, before that, she was going to live. i will never forget the day

mr. lutnick's leadership on all these fronts. i look forward to hearing from mr. lutnick on these and other topics and i turned to the ranking member for her statement. >> thank, mr. chairman, and i would like to associate myself with your remarks which are similar to those i was going to make myself as it relates to the charge of a commerce secretary. welcome today. and welcome to your family. you have a compelling story. as i expressed when i met you, your resiliency as an individual is amazing. the secretary of commerce has a vital responsibility and a very broad mission in an agency with lots of complex issues that affect many sectors of the economy. as my colleague just mentioned, one of those at the top of the list is the bureau of industry and security which benefits from dual use technology. this responsibility just got a lot bigger yesterday when we saw an announcement from china that took $600 billion out of the valuation of a leading american company overnight. the issue of export controls in this organization within the department of commerce is going t

mr lutnick suggested the fund could even be used to facilitate the sale of tiktok, which is currently sovereign wealth fund is news news that is heats that is iiikeiit; fantastic news that is likely to greatly accelerate us economic growth shore us economic grdwtbabta'sbors up us security economic grthbano'sbors up us security a economic grthbano'sbore up us security a time national security at a time when we are coming under iglcgeasing from when we are coming under insceasing from china. increasing threat from china. to answer your question, what is a sovereign wealth fund? it is a sovereign wealth fund? it is a sovereign wealth fund? it is a on the us government is a on which the us government would take equity stakes, it would take equity stakes, it would be acting as a giant venture capitalfirm, taking venture capital firm, taking equity in venture equity sta keslinjoint mental re are being equity sta keslinjoint mental re the |re being equity sta keslinjoint mental re the country's equity stakeslinjointventore the country's best entrepreneurs and scientists. this is quite differ