mrs. marlene warren. >> the clown walked to the door. and then marlene answered the door. >> the clown hands her balloons and some flowers, she says, oh, how pretty. >> i'll still remember this fact to this day. one of the balloons said "you're the greatest." >> the clown pulls out a gun and fires it point blank range into marlene's face. >> reporter: at the time of the shooting, marlene's 22-year-old son, joe, is at home with friends. >> he remembers seeing the clown's brown eyes as the clown got into a white cries letter la baron. >> reporter: the 40-year-old mom lingers, but there's no hope. she dies two days later. her still-grieving parents say she had no enemies. >> marlene was outstanding. friendly, loving. >> reporter: eerily, mom shirley tells us the family always liked clowns. in fact, here's their circus room in their home. >> she liked the clowns when she was a little girl. i come in here, i think of her. >> reporter: at the time of the murders, marlene's husband of 18 years, michael warren, was running a used car lot and ren

mr. warren about the supposed affair with sheila keen he denied it. it was he said she said. >> employees said that they would leave for long lunches together. >> reporter: slowly but surely dark clouds of suspicion gathering in the sunshine state and sheila keen squarely in the cops' crosshairs especially when they get wind of this. >> she allegedly went to an auto parts store to entertain the owner's young children. >> reporter: and speaking of disguises the 27 year old was married to someone who might have worn one himself. >> she marries a guy 20 years older than her, was a member of the klan. and she fell in love with him. >> reporter: when her short marriage sputters out, police say that's when she is suddenly free to spend time with the wealthy mike warren. >> so michael warren was paying for an apartment for sheila keen. >> yes, that's according to the police, that's correct. >> the other residents at the complex where sheila lived said "we thought michael and sheila were married, he was there so often." >> reporter: detectives get a search wa

mr. enzi: further comments? that amendment will be set aside for later vote. next one is warrener -- warner number two. mr. warner: imagine when i get greeted with the same response on this one. but this one i'm actually very anxious to hear the rebuttal against. because this committee has put in place a series of fiscal guard rails over the years to prevent congress from enacting legislation that dramatically increases our deficit and debt. one such guard rail that, again, many members of the majority use to rail against budgets that were proposed during the last administration, and as someone who spent a lot of time trying to wrestle with our debt and deficit, i know it's a challenging guard rail but i think a good one. and that guard rail is called pay as you go. or pay-go. a rule which dictates that any tax cut be paid for with corresponding tax increases or cuts in mandatory spending. unfortunately this budget exements tax reform legislation -- exempts tax reform legislation from pay go. especially essentially saying we're not going to pay for tax cuts. additionally this budget exempts tax legislation

mr. president. and i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: ms. warren: mr. president? the presiding officer: the senator from massachusetts. ms. warren: i ask the quorum call be lifted. officer without objection. ms. warren: thank you. on september 30, the children's health insurance program expired. it has now been 25 days since the united states congress has put our children's health and well-being on the back burner. my colleagues and i don't think that children's health belongs on the back burner. so we've come down to the floor of the senate today to spend the afternoon speaking up for kids. so thank you to everyone who joins me today to say we shouldn't wait any longer to make sure that children, community health centers and new mothers have access to the health care programs that they need. republicans control congress. it is up to them what we vote on and when we do it. so what was more important to the republican leadership than the health of little kids? well, republican leaders blew through the days before the children's health care deadline by try

mr. smith? >> yes, senator. >> reporter: senator elizabeth warren has a bill that would let consumers turn their credit data on and off. >> you ought to be able to do that for pre. you ought to be able to do it at any of the reporting companies and you ought to be able to do it forever. >> reporter: warren is focussed on helping consumers protect themselves but both democrats and republicans want the government to pressure companies like equifax to change the way they do business. ali roggin, abc news, the capitol. >>> a republican house member says he won't seek reelection after revelations of an extramarital afafrfair. he's part of the pro-life caucus but apparently urged his mistress to get an abortion when he thought she was pregnant. >>> shoppers at walmart may have been funding north korea without realizing it. >> they process seafood that often ends up in american stores. a walmart spokesperson says it has banned suppliers from getting seafood from those plants. >>> and the european union has ordered amazon to pay $295 million in back taxes, claiming that the online retailer had an illegal tax deal in l

mr. chairman. >> thank you senator warren. senator sub three. >> thank you mr.chairman and thank you to the witnesses. i was added -- and i apologize it didn't hear your statements. this matters to me because virginia was subject to a violence on the 12th of august. white supremacists largely from outside of first aid came to the university of virginia and charlottesville to perpetrate not just bigotry and hatred that violence and murder. they chanted slogans like blood and soil and will not replace us us. they chanted other horrible racist comments, one from southern ohio used the vehicle to kill a beautiful 32-year-old paralegal and injuring 19 others others. two state troopers who weren't supposed to be working that day but needed to work that day to try to protect people who were killed when their helicopter crashed. i knew them both well. one was my helicopter pilot every time i flew as governors virginia. j. colin was a member of senator mcauliffe's security detail. they wouldn't have been working that day if confederate and neo-nazis didn't try to inflame

warren: mr. president? the presiding officer: the senator from massachusetts is recognized. ms. warren: thank you, mr. president. just last week the republican-controlled congress rammed through a budget were the sole purpose of allowing republicans to enact a tax plan that will take money from working americans and put it into the pockets of giant corporations and wealthy individuals. the following week, they tilled an important rule that would have made it easier for americans to hold big banks and corporations accountable when they lie, cheat, and steal from working families. there have been countless stories of the trump administration in disaray, juicy rumors of distrust and division between and among congressional republicans and the white house, reports of republicans' inability to advantages key parts of their agenda. but that is only half the story. the other terrifying half is this -- since day one of this administration, president trump and congressional republicans have been working hard to make government work better and better for the rich and the powerful. and whil

aditi roy on the scene got heated between senator warren and mr. smith what else happened, aditi. >> reporter: yes the hearing going on he's seeing a tough crowd with the nearly two dozen lawmakers in the senate banking committee. among those was senator elizabeth warren let's listen in to some of those pointed questions she had for him. >> a company like equifax that has sensitive personal information on most americans should have the best data security in the industry instead it has the worst. >> reporter: she also asked smith about the profits the company has made since the hack. >> you've got three different ways that equifax is making money, millions of dollars, off its own screw up meanwhile the potential cost to equifax are shockingly low consumers can sue. turns out that the average recovery for data breaches is less than $2 per consumer. equifax has insurance that could cover some big chunk of any potential payment to consumers so i'm going to look at the big picture here from 2013 until today, equifax has disclosed at least four separate h

mr. chairman. >> thank you, senator warren. let me pursue that a little bit because my interest in this hearing, while there are several possibilities, is to take this remarkable consensus we have, and the cleveland clinic is certainly not the only one to suggest it. the mayo clinic says the same, lots of people say it. relatively few things that we could do that dramatically effect about life-style, that dramatically affect chronic disease and chronic disease is 84% of our health care costs and wr's ta we're talking about hundreds of billions of dollars to make a difference. then you go to the obvious point and mr. burd has pointed out it's not only wellness when you're looking at an employer plan but insurance is clearly obvious opportunity to take wellness and use employer insurance as a method of helping 178 million americans have an opportunity to be healthier and save a lot of money for the country at the same time. so mr. burd and dr. roizen, how big a problem is it, has it been for you in your employer plans to successf

. >> senator warren. >> mr. sloan when you were named ceo after the fake account scandal, you were asked why a career as a wells fargo insider like you, why that made you the right person to fix the fundamental problems at the bank and you said quote, because i've been making change for 29 plus years at wells fargo. i want to take a look at your time at wells fargo. from 2011 to 2014, the height of when wells fargo was cheating customers by opening fake accounts, you served as the chief financial officer and as cfo you spoke to potential wells fargo investors a lot. on those calls you aggressively promoted wells fargo's ability to open up new accounts, didn't you? >> no, i didn't. >> no you didn't? >> nope. well, here are the transcripts from all of the investor earnings calls that you participated in. >> um-hum. >> from 2011 to 2014. i've read through them and on these calls no one, not even john stump who was the ceo at the time bragged more about wells fargo's ability and commitment to open new accounts for e

mr. buffett's berkshire hathaway now holds 9.4% stake in the bake. >>> warren buffett's berkshire hathaway is acquiring 40% of the operator of pilot and flying j travel centers where truckers and drivers can refuel, eat, and shop. the company says it generates more than $20 billion in annual revenue. berkshire did not disclose. >>> remember the 2013 hack at yahoo! that compromised more than a billion accounts? now yahoo! believes that all of the approximately 3 billion yahoo! user accounts existing at that time were affected. verizon, which now owns yahoo!'s core assets, says it is continuing to work closely with law enforcement. >>> the former ceo of equifax was also on capitol hill today. lawmakers described the massive data breach at the company as a travesty. and that was just the beginning. aditi roy reports . >> good morning. the subcommittee on digital commerce and consumer protection will come to order. >> reporter: former equifax ceo richard smith took the hot seat this morning in front of a house subcommittee, ready to answer tough questions on the company's massive cybersecurity

mr. ranking member. >> senator warren. >> thank you, mr. chairman. mr. smith, equifax has been hacked several times in the past few years. it is consistently rated as having some of the worst data security practices in the financial services industry, and this latest hack happened through a hole in your system that had been identified months before and could have been fixed pretty easily. the whole thing is staggering. a company like equifax that has sensitive personal information on most americans should have the best data security in the industry, and instead, it has the worst. i want to understand why. so i started to look into this and one thing jumped out at me. in august, just a couple of weeks before you disclosed this massive hack, you said -- and i want to quote you here -- fraud is a huge opportunity for us. it is a massive growing business for us. now, mr. smith, now that information for about 145 million americans has been stolen, is fraud more likely now than before that hack? >> yes, senator, it is. >> so the breach of your system has actua

senator warren: let me ask that. mr. burd, you set up a wellness program that you called completely voluntary at the same time that families were charged $1500 more in health care premiums if they did not participate in the program. in fact, i think you said that you felt the penalty was not high enough and you lobbied hard to get that. today you own a business that designs these kind of penalties for other companies. when it costs is, an employee $1500 or maybe more a year to get health care because they don't want to have to share this kind of confidential medical information with their boss or because they cannot pass biometric tests, i don't understand how that connects them with the rules on discrimination. it sounds a lot like discrimination. >> we have been tested on that numerous times, and we were never accused of discrimination during the 10 year life of the program. what you are referring to about my desire to raise those limitations that were in hip a, it originally allowed a 20% premium differential based on

mr. chairman. >> thank you, senator warren? >> thank you, mr. chairman, so at the hearing two weeks ago with theequifax, there was a lot of agreement between democrats and republicans that consumers should be able to control their own data. and without consumer control, credit reporting companies really have no reason to treat us well. we are not their customers, we are just their products. and it shows. a 2012 study by the federal trade commission found that one out of every five people had an error in their credit reports. meanwhile, over last year, the consumer financial protection bureau as fielded hundreds of thousands of consumer complaints. and the big three credit reporting agencies are now the three most complained about companies in the entire financial services industry. you know, if you ran a restaurant and got your customers orders wrong 20% of the time, and had the worst customer service in town, you would be out of business in a week. but credit reporting companies, not them. theyer a getting bigger, they're getting richer and the

mr. president. the presiding officer: the senator from massachusetts. ms. warren: thank you, mr. president. tonight we're on the verge of passing a republican resolution to make it easier for financial institutions to cheat people. earlier this year the consumer financial protection bureau issued a rule that prohibits financial companies from forcing you to sign an arbitration clause that makes you forfeit your right to take a bank to court. so if this proposal passes, that rule will just disappear. now, there are no real human beings who think it should be easier for financial institutions to steal money from you and get away with it. bank lobbyists are the only people asking congress to reverse this rule, but let's face it, wall street is pretty powerful around here. the question the american people should be asking right now is are they powerful enough to win tonight? the reason this vote is happening so late at night is because we are right on the verge of blocking it. the american people have watched as wells fargo cheated its customers, then used arbitration clauses to try to escape l

warren: mr. president. the presiding officer: the senator from massachusetts. ms. warren: thank you, mr. president. wells fargo creates 3.5 million fake accounts charging customers fees and ruining credit reports. equifax lets hackers steal personal information for 145 million americans, putting nearly 60% of american adults at risk of identity theft, and somehow we are about to vote on a republican proposal that makes it harder for consumers to hold companies like wells fargo and equifax accountable. i know it sounds nuts, but it's true. here's the issue. if you have a checking account or credit card or private student loan or any number of financial products, there is a good chance that you have given up your right to go to court if that financial firm cheats you. and that's because tens of millions of consumer financial contracts include a forced arbitration clause that says that if this financial company cheated you, you can't join with other consumers in court. you have to go to arbitration by yourself. tens of millions of consumers, including around 80 million

senator warren: let me ask that. mr.ou set up a wellness program that you called completely voluntary at the same time that families were charged $1500 more in health care premiums if they did not participate in the program. in fact, i think you said that you felt the penalty was not high enough and you lobbied hard to get that. i know that today you own a business that designs these kind of penalties for other companies. so my question is, when it costs an employee $1500 or maybe more a year to get health care coverage because they don't want to have to share this kind of confidential medical information with their boss or because they cannot pass biometric tests, i don't understand how that connects them with the rules on discrimination. it sounds a lot like discrimination. >> we have been tested on that numerous times, and we were never accused of discrimination during the 10 year life of the program. what you are referring to about my desire to raise those limitations that were in hipa, it originally allowed a 20% pr

warren. senator mccow ski. >> thank you, mr. chairman. i want to follow up quickly with the discussion you were having with senator hassan regarding this latest news with the weakening of the dea enforcement authorization. big expose "60 minutes," "washington post." you have a drug czar that's now effectively withdrawn from this position. the president himself is saying need to look into this and investigate it. a colleague on the other side of the aisle introduced legislation that would repeal it. some suggested it needs to be modified. you've indicated to the senate are hassan that you think that the judge had misinterpreted or you disagreed with the judge's interpretation i believe. do you think what was passed in 2016 is actually good and sound, or do you believe that, in fact, given what we know today that it might need to be modified or amended in some way? >> thank you, senator. first let me say the senators who authored that bill in the senate worked very closely with the dea to ensure that the bill did not inhibit the able to tak

mr. burd. our next wellness hearing will be a stand-up hearing. we'll see what happens. >> very good. even if we stand up once, it helps. >> i will be sick that day. senator warren. >> thank you, mr. chairman. so, i want to see if i can just ask some more questions along this line. we all know that the affordable care act allows employers to offer financial incentives to their employees in order to encourage participation in these programs. but one thing the aca doesn't do that eliminate protections in federal law for employers can't discriminate against employees based on genetic information, health status or disability. these protections were put in place by two very important pieces of legislation. the americans with disabilities act and genetic information non-discrimination act or gina. this is bipartisan bill. senator kennedy did i worked with a number of people on this committee. senator enzi worked on gena legislation, that information collected through research could never be made public. our nation's non-discrimination laws say employers can collect sensitive medical information from their employees only if providing the information is voluntary, meani

warren. >> thank you, mr. chairman. i want too see if i can ask some more questions along this line. we all know the affordable care act allows employers to offer financial incentives to employees to encourage participation in these programs. one thing the aca doesn't do is eliminate the protections already in federal law for employers so that they cannot discriminate against their employees on the basis of genetic information, health status or disability. these protections were put in place by two very important pieces of legislation, americans with disabilities act and genetic information or non-discrimination act, gena. this is a non-bipartisan bill and senator kennedy worked on this and last year, i worked on this with others tore personal genetic information collected by federal research can never be made public. in short, our nation's non-discrimination laws say that employees can collect sensitive medical information from their employees only if providing that information is voluntary. meaning the employee can decide to say no. so i just want to start by asking, miss mathis, w

warren buffett. he said he still has faith in mr. sloan. here's what else he said. >> only enough to stay under 10% which was something that the fed requires, and since wells repurchases their shares and we were right up against 10%. in fact, we went over because we repurchased shares so we will sell enough to stay around 9.8 but that's still becoming a bank holding act. >> see the s.e.c. files that show you selling. >> we'll keep it below 10% we've not sold a share except for that purpose. >> i should let you know we do expect to get some tape turned around from our wilfred frost in a moment so you'll hear from tim sloan as he emerged from that hearing room on capital after facing a blistering criticism from some of the senators in that room, most especially from elizabeth warren also welcome into to pete najarian, have the gang all here, joe, steph, jon najarian pete, you recently bought wells fargo shares. >> yeah. >> i'm sort of wondering what your thoughts are as a shareholder. you know, buffet, okay he's not -- he hasn't sold any shar

mr. mueller's investigation. cory: thank you very much. elizabeth warren out of massachusetts, railing against equifax and its top executives as they continue to testify before the senate banking committee this week. senator warren: the incentives in this industry are completely out of whack. because of this breach, consumers will spend the rest of their lives worrying about identity theft. small banks and credit unions will have to pay to issue new credit cards. businesses will lose money to thieves. but equifax will be just fine. heck, it could actually come out ahead. cory: former equifax ceo richard smith is facing his second of four congressional hearings this week on the breach that led to the theft of over 145 million americans' personal data. coming up, launching voice-controlled speaker, but is it competition or co-optation? we will talk to the ceo next. this is bloomberg. ♪ cory: sonos, known for its speakers, it's audio devices -- god knows i've spent a lot of money on those -- they are entering the new smart speaker device with a new speaker. l

mr. warner gave to the public, i would fire them. >> lou: senator warren just blattingered in response to the questions. this is preposterous. and yet mitch mcconnell is not talking and saying come on, guys. no one is keeping this in porportion. this is i don't know if the right words witch hunt, but it is obviously insulting to the american taxpayer and the intelligence of the americans go in the country. to center it go forward without evidence of any crime. and no crime defined or found, what in the world, and by the way,in am talking with allen desswitz said collusion is not a crime. he can't condone anything they are doing. >> no one can tell you the criminal pred cute. and unfortunately senator burr is a glorified sock puppet to senatory warner's 2020 campaign he's getting up. and this is ad- sound bite material. they produced four this happened pages of witness tell. and make it public and put it on the internet and crowd source and i get i can come up with conclusions to draw. >> lou: burr said he hit the wall with the trump doszier from the former british spy. chris steele who by

mr. chairman. >> thank you, senator warren. and once again you're below time. thank you for that. let me ask a couple of questions out of senator murkowski's stage. i know she wanted a second round of questions. dr. collins and dr. gottieb, you both emphasized this today is that is the nonb addictive pain medications. you said 25 million americans live with some pain every day as they would in the hospital. is that, between 0 and 10, what degree of pain do they have? is the the minimum or is it 3, 4, or 5, 7, 8, or 9. >> it's sufficient to interfere with a life on a quality basis. those are people that have daily pain that interferes with their daily experience. >> well, that's 1 out of every 12 americans the. >> yes, sir. >> and a larger number have pain. >> sure. and on a more acute basis. >> and you said as i mentioned in my opening statement, i think we were all struck by your testimony when we were working on the cures legislation, and it had an impact about the medical miracles that are headed our way. we sufficiently fund biomedical research, and then we move treatments and

mr. secretary. >> thanks, senator warren. >> gentlemen, thank you for your testimony and for your service and behalfof chairman mccain, i will adjourn the hearing. thank you. had [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> c-span where history unfolds daily. in 1979 c-span was created as a public service by america's television cable companies and is brought to you today by your able or satellite provider. the u.s. senate is about to gavel in to start the day here on this thursday. there are several nominations for vice-chairman of reserve and head up u.s. citizenship and immigration service. both nominations scheduled for 10 a.m. eastern today. the president pro tempore: the senate will come to order. the chaplain, dr. barry black, will lead the senate in prayer. the chaplain: let

mr. president, i ask unanimous consent that senator warren and senator bennet be added as a cosponsor to restore cuts to medicaid, amendment 911. the presiding officer: without objection. mr. sanders: with that, i yield the floor to the senator from pennsylvania, senator casey. the presiding officer: the senator from pennsylvania. mr. casey: thank you, mr. president. i want to thank my colleague from vermont for his leadership on this amendment and his words today. i will have more to say about the amendment in a moment. i first wanted to ask unanimous consent that michelle roso of my staff be granted floor privileges for the duration of today's proceedings. the presiding officer: without objection. mr. casey: thank you, mr. president. as senator sanders mentioned, his amendment that we're working together on, amendment number 1119, will do the following, and it's right in the text of the purpose section of the amendment -- to provide additional resources to restore the $1 trillion in cuts to medicaid paid for by reducing the republican tax breaks for the wealthy. that's the -- the quick

mr. chairman. >> on behalf of senator mccain, senator warren, please. >> thank you, mr. chairman. general dunford, good to see you here. i want to ask you about the nuclear deal between the united states, the five-partner nations and iran that has placed iran's nuclear program under verifiable limits and unprecedented inspections, so that it cannot develop a nuclear weapon. the trump administration has already certified twice to congress that iran is complying with this arrangement. if president trump does not certify again by october 15th, he risks blowing up this agreement and iran may restart again, building a nuclear weapon. now, when asked about the iran nuclear deal in january, secretary mattis told this committee that it is, quote, an imperfect arms control agreement. but he also said, quote, when america gives her word, we have to live up to it and work with our allies. general, do you agree with that? >> senator, i do. and my recommendation the previous two times was informed by that and the fact that the intelligence community had determined there was not a material brea

mr sloan was disappointed. timothy sloan has spent three decades at wells fargo but only 11 months as ceo. lawmakers like senator elizabeth warrening assessment of his tenure at the bank. you say you have been making changes at wells fargo ‘s fourth 30 years but you enabled this fa ke accou nts fourth 30 years but you enabled this fake accounts scam, you got rich from it and then he tried to cover it up. at best you were incompetent, at worst you were complicit and either way you should be fired. mr sloan was the chief financial officer at wells fargo at the height officer at wells fargo at the height of the accounts scandal in which millions of fake accounts were opened without customer's commission. as cfo he would speak to investors on a regular basis. on those calls you aggressively promoted wells fargo's ability to open new accounts, didn't you? no, i did not. you didn't? well, here are the transcript from all of the investor earnings calls that you participated in and on these calls, no—one, not even the ceo at the time brand more about wells fargo's ability and commitment to open new accou nts ability and commitment to op

warren. >> thank you mr. chairman and thank you for being here chairman clayton. in one of your first speeches as chairman, you noted that there will be, quote, a 50% decline in the total number of u.s. listed number of public companies over the last two decades, and you said that this decline is a serious issue for our markets and the country and you wanted to encourage more companies to go public so that more ordinary investors or mr. and mrs. 401(k) as you called them could get opportunities to invest in emerging companies and you use this rationale for arguing that we should review and possibly reduce the disclosure burdens on public companies. now i want to understand your thinking on this, you compared the number of public companies today, with a number of companies in 1996 and 1997, that was your comparison point, which is as you know, is the height of the dotcom boom. as you know, there was a sharp increase in the number of public companies leading up to the 1996 and 1997 years. and then a lot of those companies fail eed over the nex few years, leaving mr.

mr. chairman. >> thank you, senator warren. once again, you're below time. thank you for that. let me ask a couple questions. i know senator murkowski stated she wanted a second round of questions. dr. collins and dr. gottlieb, you have both testified in your statements about this, and you have answered questions about this today, but i wanted to reemphasize it. and that is the nonaddictive pain medicine. dr. collins, you said that 25 million americans live with some pain every day, as they would in the hospital. is that between zero and ten, what degree of pain do they have? is that the minmous or 3, 4, 5, 7, 8, 9? >> sufficient to interfere with quality of life. it would be more than two or three. i'm not sure there's a precise rendition, but those are people with daily pain that interferes with their daily experience. >> that's one out of every 12 americans. >> yes, sir. >> and a larger number have pain. >> sure. and a more acute basis. >> and you said, as i mentioned in my opening statement, i think we were all struck by your testimony when we were working on the cures legi

mr. warner gave to the public, i would fire them. >> lou: senator warren just blattingered in response to the questions. this is preposterous. and yet mitch mcconnell is not talking and saying come on, guys. no one is keeping this in porportion. this is i don't know if the right words witch hunt, but it is obviously insulting to the american taxpayer and the intelligence of the americans go in the country. to center it go forward without evidence of any crime. and no crime defined or found, what in the world, and by the way,in am talking with allen desswitz said collusion is not a crime. he can't condone anything they are doing. >> no one can tell you the criminal pred cute. and unfortunately senator burr is a glorified sock puppet to senatory warner's 2020 campaign he's getting up. and this is ad- sound bite material. they produced four this happened pages of witness tell. and make it public and put it on the internet and crowd source and i get i can come up with conclusions to draw. >> lou: burr said he hit the wall with the trump doszier from the former british spy. chris steele who by

warren. >> thank you, mr. chairman. so the high cost of prescription drugs is a huge problem. let's talk about the best way to tackle this public health crisis. miss riley, your association, which is called pharma, represents brand name drug companies. you said in your testimony that, quote, the competitive market is the engine that drives the drug industry. so i take it you think that market solutions are the most effective way to deal with the rising price of drugs. >> i do believe that markets lower costs, yes. >> good. i love markets and i also believe in marked-based solutions. let's talk about one of the best market-based solutions and that's competition. if the restrictions that prevent purchasers from importing the impact same drugs at lower prices from places like canada were removed, we'd see some real competition and we'd see some lower prices. another market solution is negotiation. if the federal government were allowed to negotiate competitive drug prices for medicare beneficiaries, then prices would come down. so miss riley, you've already said that pharma oppos