chairman. >> so d by ms. cast an amendment at the desk. >> the gentle lady from florida has an amendment at the desk. the clerk will designate. >> anre by ms. castor relating to medicare. >> the gentle lady is recognized for nine minutes. >> thank you, mr addition to the republican plan that breaks the promise of medicare and ends medicare as we know it, the republicans also proposed to raise the cost of prescription drugs and slash theen in place for two years now and are working very well. this is a real double whammy oe america. here is what my amendment does. it proposes to retain the closing of the doughnut hole and the money that's going back into the pockets of our older neighbors, parents and grandparents, proposes to retain those important new screenings, the mammograms and colonoscopies that are saving lives and to retain that important new wells this visit that has become very popular and actually policy. so, first, doughnut hole. under the affordable care act that has been in place for two years w

ms. chairman, i will make the comment that it was understanding that this prohibition applied to fy-2010-11. >> it applied to us, but not the grantees. >> the gentle lady from illinois is recognized. >> just in regard to family budgets, i wanted point out and thank you for the fact that 54 million americans were provided one preventative service through their private health insurance plans for no cost. and i think that the conseque e consequences of that are probably priceless in terms of colonoscopy screenings and flu shots and all the disease that's prevented. this is one of the consequences of the affordable care act. i had the privilege of going out with the fraud prevention and enforcement action team on a drive around, which is very interesting where there's this real effort to make sure that we're spending all the taxpayer dollars correctly. although we didn't have anything quite as exciting as what we learned earlier this week about a dallas doctor arrested for a shocking $375 million in healthcare fraud schemes. so what i wanted to ask is how the affordable care act contributed t

ms. waters: mr. chairman, i have an amendment. the chair: the clerk will designate the amendment -- ms. eshoo: mr. chairman, i have an amendment. the chair: the clerk will designate the amendment. the chair: it is now in order to consider amendment number 4 printed in house report 112-422. for what purpose does the gentlewoman from california -- it is now in order to consider amendment number 5. for what purpose does the gentlewoman from california seek recognition? ms. eshoo: to offer the amendment that's at the desk, mr. chairman. the chair: the clerk will designate the amendment. the clerk: amendment number 5 printed in house report 11-422 offered by ms. eshoo of california -- 112-422 offered by ms. eshoo of california. the chair: the gentlewoman from california, ms. eshoo, and a member opposed will each control five minutes. the chair now recognizes the gentlewoman from california. ms. eshoo: thank you, mr. chairman. i come to the floor this afternoon to offer an amendment to this bill that probably for most people, if they were tuned in and listening to the discussion and the debate

ms. bordallo. >> thank you mr. chairman, mr. miller congenital alan, thank you for your testimony today. general, many have noted that the corruption is endemic to afghanistan and that this corruption feed predatory brokers and the mafia that have coopted the state. over the years we have made occasional efforts at combating corruption like setting up a task force transparency. judging from recent news stories about billions of dollars of cash being flown out of afghanistan a three-year, the former head of the bank going free and afghan national army helicopters possibly being used to smuggle drugs it doesn't seem like we are making much progress three what can you tell us and do you believe these efforts will actually address corruption and especially the kind of predatory corruption that feeds on common people to allow the afghan government to function after 2014?

ms. bass, aye. mr. chairman, no. >> are there any members who wish to vote or change their vote. >> on that vote the ayes are 15 and the noes are 21. >> the amendment is not agreed to. now we will recognize the gentle lady from california for the designation of an amendment. >> an amendment offered by ms. bass relating to transportation. >> the gentle lady is recognized for nine minutes. >> mr. chairman and members of the committee i offer this amendment with my colleagues who are cosponsoring it with me that will save or create an estimated 2 million jobs in addition to accelerate highway construction, bridge repair, mass transit system and other essential projects that keep people and commerce moving quickly and safely. specifically this amendment will incorporate the moving ahead for progress in a 21st century act as passed by the senate into the house budget resolution. the bottom line is that a highway bill is needed. the current authorization for highway spending programs expiresats the end of the month. t

ms. bonamici? aye. mr. chairman? no. >> the clerk shall report. >> mr. chairman, on that vote, the ayes are 14, the nos are 20. >> nos have it, the amendment is not agreed to. >> do you have an amendment at the desk. >> the clerk will report on the status -- >> the midwest working together. an amendment offered by ms. mccollum related to women's health. >> thank you. women deserved access to affordable health care. unfortunately before the women health care act, women were not guaranteed access. a woman was dpe nighed health care buzz she had a c-section. in florida, a woman denied coverage because she was given anti-aids education after a sexual assault. a senior could not afford her prescription drugs while in the medicare doughnut hole. a woman in south dakota could be charged $1,200 more than a man for the same identical coverage. a woman in texas had her insurance rescinded because she was fighting breast cancer. a mother of three children with cystic fibrosis in utah was stuck in a low-paying job because she simply couldn't risk losing her employer

ms. fong. >> thank you, mr. chairman. thank you, mr. chairman. ranking member cummings and members of the committee. at outset i want to express my appreciation to you, mr. chairman and many of the distinguished members of this committee, for your support of the federal ig community over the past several years. you have a noteworthy record of bipartisan support for ig contributions and you have demonstrated time and again, through legislation, hearings and speeches your interest in our work. and so on behalf of the entire community i want to thank all of you for your support tucht d. to day you have invited me to testify to protect integrity of the s.n.a.p. program. to put this in context. the ig office at usda is responsible for providing oversuiting to all usda programs which currently number over 300. of course, s.n.a.p. is the largest program in our portfolio with over $70 billion, and has drawn much of our attention over the past few years. in the last two years alone, we have devoted almost half of our investigative resources to addressing

ms. wasserman schultz. mr. schuler, aye. mr. bass, aye. mr. chairman. >> no. >> mr. dharm. no. >> any other members looking to vote or to change their vote. if not the clerk shall report. >> mr. chairman, on that vote, the ayes are 13 and the nos are 20. >> the matter is voted downing. >> mr. ryan. >> i have an amendment another the desk. >> the amendment and the staff will distribute copies of the amendment. >> the generous gentleman will be recognized for four minutes. >> thank you, mr. chairman, this amendment will end the tax subsidies to the bill oil and find the commodities future trade commission in order to more effectively enforce some of the gambling that's going on in the commodities market now, this will repeal tax subsidies into the integrated oil and gas companies and the lion's share of this money will end up going to deficit reduction, but it will also go to fully fund the dodd-frank

ms. duffy. mr. wright, you're recognized. >> mr. chairman, ranking member larsen and members of the subcommittee, my name is george wright. i'm the senior vice president for marine operations for princess cruises. which is a subsidiary of the carnival corporation. on behalf of the entire carnival family, i want to say first of all that we are all deeply saddened by this tragic accident involving the costa concordia. our thoughts and our hearts are with the passengers, the crew, and their families. the safety of our passengers and crew are our top priority. and every day we strive to achieve high levels of safety, and we are committed to intensifying this effort as much as we can. prior to joining princess cruises, i served in the coast guard for 27 years. retiring in the rank of captain. my last assignment was the coast guard captain of the port los angeles/long beach. and we were responsible for all coast guard operations in southern california. my duties varied widely from field operations to headquarters, including serving as a member on

ms. bass, aye. mrs. bonanici, aye. mr. chairman. >> no. >> mr. chairman, no. >> are there any other members looking to vote or to change their vote?

ms. chairman, you're saying by not having babies born we're going to save money in health care?oviding contraception as a critical preventive health benefit for women and for their children reduces health -- >> not having babies born is a critical benefit. this is absolutely amazing to me. i yield back. martha: tense moment there between kathleen sebelius and the gentleman who you see on the screen here, republican tim murphy is a doctor and the person questioning her moments ago. good morning, congressman, good to have you here. >> good morning. martha: what got you so fired nup that exchange? >> for the longest time, i couldn't understand after weeks of this hanging on, where religious institutions in this country were saying don't mandate that we do something that is against our faith principles. the 5d managers -- the administration wouldn't do it. they did offer services for free, which is a distinction without a difference, and i couldn't understand why the administration is pushing this. well then i undersphood it. when secretary sebelius said that pregnancy is basically

ms. grigsby, about chairman leahy's point about press releases being about what governor does right and foia maybe being about what government doesn't do right. i think foia should be expanded to tell the public more broadly what the government does and kind of what the government thinks. and i think because many of my requests have been in the national security realm, one of the things that is enlight i don't know -- enlightening about the documents that you do receive is they show the complexities -- the very hard decisions that policy makers have to consider. in speaking with our previous questioner about china, for example. the multi- -- the various aspects of china policy, whether it's north korea or trade or otherwise. so i think it's -- we look at the very positive and the very negative but there's broad public interest but perhaps not easily quantifiable public benefit in understanding government policy more broadly and the trade-offs. i guess my second comment as a long-time requester is one more broadly focused to all of you and is to say that what i'm hearing with this panel and p

ms. bass, aye. mr. aiken, no. mr. chairman. mr. chairman, no. >> any other members looking to vote or to change their vote. if not the clerk shall report. >> mr. chairman on that vote the ayes are 15 and the noes are 21. >> the amendment is not agreed to. next we ms. schultz will be recognized for an amendment. >> the clerk will designate. >> an amendment offered by ms. schultz relating to medicaid. >> thank you mr. chairman. i offer amendment nine which stops reckless and shameful cuts to seniors. this will ensure that senior citizens will not lose vital medicaid assistance to cover the cost of their nursing home care. this amendment also ensures that low income beneficiaries eligible for medicare receive help paying premiums. in gutting medicaid the republican budget jeopardizes security for 5 million seniors, 10 million individuals with disabilities. these millions at risk represent our conconstituents who are counting on us. unless we adopt this amendment the republican budget sends the message that it is acceptable to lead sen

chairman. ms. jackson, secretary jackson, today the d.c. circuit is hearing oral argument in the greenhouse gas litigation and that involves the tailoring rule. in your brief that has been filed on behalf, it indicates in that brief that there would be a need to hire 230,000 full-time employees, that there would need to be an additional 81,000 psd permits per year, 6 million title 5 permits and a cost to the epa of $21 billion -- on top of the current budget, $21 billion per year. i'm looking at the brief where i get these numbers and then the sentence right after the paragraphs that lay out these numbers say based on this analysis, epa found applying the literal statuary thresholds on january 2nd, 2011, would, quote, overwhelm the resources of permitting authorities and severely impair the functioning of the programs. you would agree with that assessment yes or no? >> yes, sir. >> and that's why you all have defended the tailoring rule based on a theory that there is a theory of law that says if it's not practical, you can -- you don't hav

chairman. >> ms. brown? >> thank you. i think i'll start with ms. duffy. i have a couple questions. one, you mentioned operation and i know that you are conducting a policy review. when do you think it's going to be completed? i know you are changing the muster drill. but other safety recommendations. >> the process will be ongoing. so as we identify areas for best practices, we want to be able to proceed right away and announce those and have those implemented. so as long -- and i should say that this work, while very the incident was a catalyst for announcing this particular operational safety review, within clea, we have at least 25 standing committees that meet on a regular basis throughout the year. focused on issues of safety, security, environmental, all different aspects that brings different cruise line members together with the clea technical and regular team that we have in place which are all ex-retired coast guard, people with lots of expertise in these particular areas. so this is a process of continuous improvement all the time. >> having been a former member of heard

ms. bass aye. mr. chairman. mr. chairman no. >> any others looking to vote or to change their vote. if no, the clerk shall report. on. >> on that vote the ryes -- >> the amendment is not agreed to. i now yield to ms. bonamiche. >> an amendment offered by ms. bonamiche relating to wall street. >> thank you. i'm proud to offer this -- >> do you want to do the 15 or the 10? >> can i have 12 and a half? >> we have been watching this health budget committee mark up of the republican budget plan for much of the day here on cspan 3. our coverage is now moving to cspan 2. and you can also see out online on cspan.org. >> we do this in part by put -- coming up on cspan 3, british prime minister david cameron faces questions from parliament during prime minister's question. that's followed business the british prime minister with the presentation of the annual government budget. and later, libya's prime minister talks about his country's transition to democracy. >> the genetic scientist that finally nailed down a rough date describes tinderboxes and wet moss. most of the world is wet moss. in m

ms. brown. master chief? >> mr. chairman, i appreciate it. this has nothing to do with my questions but of the acoustics flawed. it appeared to be muffled. >> the acoustics are different today and i'm not sure whether that's controlled by the control room or just something a little bit different. >> thank you. good morning, admiral. as has been indicated earlier we're deeply concerned about the tragic lost last night, admiral. with the coast guard conduct an independent investigate into the loss of the two american citizens aboard the do sta concordia. >> we are as mentioned, sir, interviewing all of the u.s. passengers who were on board to develop as complete a picture as we possibly can as to what took place on that vessel. and as mentioned to the chairman, we'll share that information with this committee. >> thank you for that. is it possible for a cruise vessel to fail an inspection and then not be permitted to operate on u.s. waters? >> yes, sir. that is possible. and there have been instances where the coast guard inspector has not been

chairman nolan: ms, members of the board, any comments? any members of the public? secretary boomer: david pilpell. >> there is a lot of information here, so let me be quick, and maybe i will ask a question at the end. these require a little more detailed explanation, at least to the public. the $2 million in management reductions, not clear what that is, the determination of the leases was not clear what and where the operating impacts would be. i want to be clear, on page 11 of the operating hand out, that charging for transfers i think it's a bad idea. similarly, charging for the clipper, that is bad. there could be a discount for multiple rides on the clipper, similar to tokens, so if somebody wants to load $40 worth of cash, i would give them more than 20 rides so there is an incentive to use multiple rides using clipper, tokens, but i would not charge more overtly for a cash there unless we are increasing cash fares generally, and we have had some discussions about ratios between the cash fares and the ratios. on slide 12, the automatic indexing, one of the bo

ms. bonamici,. campbell? >> no. >> mr. campbell, no. >> no. >> no. mr. chairman? >> no. >> mr. chirman, no. ms. bass? ms. bass, aye. other members looking to vote or to change their vote? if not, the clerk shallr. cirma the ayes are 16, the nos a the amendment is not agreed to. next we are going to recognize offering an amendment. >> thank you. i have an amendment. >> the signate the amendment. the staff will hand out copies of. >> an amendment offered by ms. captor, relating to veterans. >> the gentle lady from ohioise. >> thank you very much. the amendment that i am pr proposing would establish the veterans job corps. it would employ at least 20,000 returning five years in and restore america's national parks, our state parks, and other public lands and touch up federal facilities. the american people know need to be our number one priority and while the economy is gradually recovering it is not yet humming fully. there are still nearly 13 million americans without a job of which three-quarters of a million, over 770,000, are veterans. many of these veterans as we know when they come home and can't fin

ms. bonamici -- mr. chairman. mr. garrett - >> are there any other member is looking to vote for change their vote? if not, the clerk shall report e ayes are 13th,e aes and the no's are 20. >> let's go ahead. >> thank you, mr. chairman. >> the amendment off m for bys. caster. the clerk will designate them as an amendment offered ms. caster related to medicare. >> the gentle lady is recognized for nine minutes. >> in addition to the republican plan that breaks a promise of medicare and ends medicare as we know it, the republicans also proposed to raise the cost of prescription drugs and/the smart new benefits and popular consumer reforms that have been in place for two years now and are working very well. this is a double whammy for our older neighbors across america. this is my amendment -- it proposes to retain the closing of the doughnut hole and the money going back into the pockets of our older and neighbors, proposes to retain those important new screenings, the mammograms and colonoscopy is that are saving lives

. >> chairman, i just have a question or two, just to follow-up on what ms. brown just said. mr. chairman, last week, in oversight and government reform, we had a hearing on the chevy volt and one of the things that came us on of that hearing is that we -- came out of that hearing is that we wanted to make it clear that the volt was a safe car and one of the things that the head of gm said to us was that you know, while it's nicer for you all to have this hearing, the car is safe. but there's going to be some collateral damage, following up on what ms. brown just asked. i want to make sure that we are being fair to our cruise industry. i worked very closely with the cruise industry when we were trying to pull it all together, the reauthorization, and i found them to be very fair, very reasonable, and as they would say to me, over and over again, cummingss this is just as important to us that we have safety on our ships as it is to you. and i thought that they were very fair. and very balanced, very reasonable. and so i don't want the word to go out that because of these incidents

ms. speier? >> thank you, mr. chairman. i want to compliment the chair of this committee in recognizing the important function we have to look at government programs and evaluate the fraud. having said that, i want to compliment everyone on the panel. i mean, i think you have a 98% grade, and in 98% grade is something we should be applauding. a 1% fraud rate is just remarkable, and i'm very impressed by what you're doing. here's my question. are we spending more with the budget for fraud detection and the id then we are generating in restitution or repayments? >> i will be happy to comment on that. i will say that our budget in the i.t.'s office is around $85 million a year, and we bring in, on average, 14 or $15 for every dollar that is brought to us. >> so your valuable in what you're doing. here is my concern. has been a recommendation i think by the i.t. that you review retailer applications for criminal records. makes a lot of sense. why aren't you doing it? >> thank you very much. we have received a recommendation tha

chairman. ms. ferber, how important is it for your firm -- for mf global to protect client funds? how important is that? >> it's a critical obligation of any fcm. >> yeah. ms. serwinski, same question. how important is it that you protect client funds? is that a peripheral responsibility or -- >> no. >> how would you classify it? >> a very critical and important -- >> mr. steenkamp? >> that's a critical objective of the firm. >> right, so this is a central core responsibility. this isn't some esoteric rule this isn't some, you know, accounting error. this is central. i mean, this goes to the very trust that your firm relies upon and that the whole market relies upon in order to function. and we had $1.6 billion of customer money take a walk and none of you know anything about it? none of you are aware of it. this is not a small amount of money. $1.6 billion in money that was entrusted to you and that the whole reason for a segregated account is to protect the clients' money. it's absolutely disgrac

ms. -- >> thank you, mr. chairman and thank our witnesses for being here today. i would officially like to thank captain hoyt who is taking time away from sailing the world on your sailboat, and from captaining the "pride of america" from hawaii to be here in d.c. with us. the cruise industry is geeing in hawaii, and that's a good thing. last time over 125,000 people travelled to hawaii via cruise ships and spent $32 million, a 52% increase over 2010. for most people, a cruise to hawaii or the caribbean or other destinations is an important component of our travel and tourism industry, which is responsible for millions of jobs nationwide. unfortunately, the costa concordia and other incidents remind us that tragedy can strike at any time. i recognize that there is an ongoing investigation into this incident, and i recognize also, and that's why you're all here, that the industry is taking steps to ensure the safety of everyone aboard their vessels. however, i would like to focus my questions on matters of existing maritime law, some of which have been on the book

ms. speier? >> thank you, mr. chairman. i want to compliment the chair of this committee in recognizing the important function we have to look at government programs and evaluate the fraud. having said that, i want to compliment everyone on the panel. i mean, i think you have a 98% grade, and in 98% grade is something we should be applauding. a 1% fraud rate is just remarkable, and i'm very impressed by what you're doing. here's my question. are we spending more with the budget for fraud detection and the id then we are generating in restitution or repayments? >> i will be happy to comment on that. i will say that our budget in the i.t.'s office is around $85 million a year, and we bring in, on average, 14 or $15 for every dollar that is brought to us. >> so your valuable in what you're doing. here is my concern. has been a recommendation i think by the i.t. that you review retailer applications for criminal records. makes a lot of sense. why aren't you doing it? >> thank you very much. we have received a recommendation tha

ms. canseco. >> thank you, mr. chairman. this week, across the street from the capitol, we've been reminded of the constitutional limits as the president's health care law appears to be in serious jeopardy. unfortunately, i believe it won't be very long before matters involving the cfpb and end up in the very same place. we must be ever so mindful today that president obama gave a recess appointment to mr. cord e.r.a., despite the fact the senate was in session at the time. a black and white matter, despite the administration's spin there is some gray there. this political maneuver by the president has set up a constitutional crisis at a time of already heightened, uncertainty in our economy. in other words, at a time when we can least afford it. with that, mr. chairman, i yield back. >> thank you. mr. garrett will close out the opening statements and we'll go vote, come back as soon as we can. so i would encourage members to make your way to the floor. >> mr. chairman, with your indull engines, he have another committee i h

ms. davis? >> thank you, mr. chairman. thank you both for being here for your service. i'm sorry i missed the early discussions, but i wanted to ask you -- i guess extend the discussion on the tour normalization. and what you are finding in terms of, i think morale of the unaccompanied tours because the turnover as i understand it is about 600, 700 service members every month. is that normal? is that what we would anticipate, and what kind of resources are there then, and how is that affecting readiness in any way on the base? >> yes, ma'am. congresswoman davis, first off, most of the turnover we see that is occurring out of that 600 to 700 are the lower enlisted greats which are predominantly over there on a one-year assignment. and that's, as you can imagine, that constant turnover affects the crew stability inside the 2nd infantry division and so that's something that commander has to deal with. in regard to the number on tour normalization, we have roughly today around 3,800 families that are command sponsored. there's another 1,700 where soldiers elected to bring t

ms. sanchez. >> thank you, mr. chairman. can you outline for us this whole -- the concern of proliferation of wmd out there in the peninsula? can you talk to us about whether our current policies and programs to effectively counter proliferation, in other words, are there other -- how are the countries feeling around north korea feeling about their ability to have nuclear arms and do you think that that -- are they staying close to whole issue of not proliferating or do you think that they're getting a little about it antsy because maybe they see that things aren't moving along faster than we had hoped? >> i think you put your finger on a very important issue. the whole region is concerned about north korea's missile and nuclear programs. these are disconcerting to everybody because with extended range of missiles, potentially north korea would have the ability to put nuclear warheads on and that affects not only their neighbor, south korea, but it affects other countries in a broader asia pacific area. >> and we have been a

ms. lee: thank you, mr. chairman. let me first thank chairman cleaver depr his tremendous leadership of the congressional black caucus an many caucuses in this house and also representative wonny scot an represent gwynn moore. at a time when this nation is facing the greatest income inequality since the great depression, we have to put the needs of the most vulnerable over the wants of the most wealthy. the congressional black caucus' budget is a moral document that shows our priorities and values. it makes important investments in transportation, education, and health care. it also protect this is safety net without cutting social security, destroying medicaid and ending the medicare guarantee as the republican budget does and we must ensure that those who have borne the brunt of this recession, who have experienced the highest unemployment rates an the highest rates of poverty, communities of color, have an opportunity to return to the workplace, support their families, have access to education and the american drea

ms. matsui. >> thank you, mr. chairman, and this is all challenging and frightening at the same time here. and i do appreciate all of your testimony. i want to go into another area here. as we look into developing an industry best practices, should isps own cloud services be included as well as other cloud providers or do you think because the technology is newer it would be better to form their own best practices to secure data in the cloud? and like mr. mahon and dr. amoroso to answer that, please. and we don't have much time. >> well, first of all, we're already talking to the cloud provider and some of us are cloud providers. i do think the conversation is well underway. we're familiar with the challenges. if you think about it, the term cloud is a rather generic term that is probably misunderstood. it can mean a number of different things for different type of customer. and so therefore i would say we continue to include them in the conversation. as we have everyone else at the table as partners. it has to be integrated across the wide platform. i would say that you want to keep them

ms. hokel? >> thank you, mr. chairman. i, just like my colleague, i'm a little disadvantaged. i just came from a mark-up in homeland security. i don't know what went on before me but i think the question i had has been addressed. i was concerned about the overall cost of the realignment of the forces in south korea and how much is being funded by the republic of korea. what are we talking about here? i don't need raw numbers today. i would like them in the future. what is their shared responsibility for it and what kind of numbers does that equate to? first off on yongsan relocation, the rok government is paying for that. there will be some ancillary costs associated with our communications and specific requirements in -- related to our unique requirements for our communications networks. that's the responsibility of ours as well as some of the o & m remembers and srm requirements that will be required in the future. the land partnership program, was a u.s. initiative. and that was funded by the u.s. primarily. we did use special measures funding from the rok government to ass

ms. speier: mr. chairman, i have an amendment at the desk. the chair: the clerk will designate the amendment. the clerk: amendment number 9 printed in house report 112-4 2 offered by ms. speier from california. the chair: pursuant to house resolution 595, the gentlewoman from california, ms. speier, and a member opposed will each control five minutes. the chair recognizes the gentlewoman from california. ms. speier: i want to read you the amendment. this act shall not take effect until the federal communications commission submits to congress a report on the impact of this act on the mandate of the commission to promote competition and innovation. again, who isn't for competition and innovation? among the important mandates of the f.c.c. are the following -- promoting competition, innovation and investment in broadband services and facilities. supporting the nation's economy by ensuring an appropriate competitive framework, the unfolding of the communications revolution. encouraging the highest and best use of spectrum, domestically and intern

ms. o'bryant that was if they alluded to those two transactions, she would sign it. >> i thank the gentleman. mr. lynch you are recognized for five minutes. >> thank you mr. chairman ms. ferber how important is it for mf global to protect client funds? >> is a critical obligation. >> ms. serwinski? same question, how important is it that you protect client funds? is that a peripheral responsibility for how would you classify it? >> very critical and importance. >> mr. steenkamp? >> it's a critical objective. >> solicits a central core responsibility. this is in some esoteric rule. this is in some accounting error. this is central. this goes to the very trust that your firm relies upon and that the whole market relies upon in order to function and we have $1.6 billion of customer money take a walk and none of you know anything about it. been if you you of you are aware of it. this is not a small amount of money, $1.6 billion, money that was entrusted to you from the whole reason for a segregated account is to protect the clients money. it's absolutely disgraceful, utterly disgraceful, what has happened here. and it's disgraceful that you sit there and you say we kn

chairman. >> thank you, mr. cummings. ms. matsui? >> thank you, mr. tant hearing. i'd like to think the witnesses for being here today and particularly the survivals from busbee seven. i would like to have unanimous consent that a letter from the international association be submitted for the record. the costa concordia accident is an unfortunate tragedy that once again highlights the need to constantly evaluate the cruise ship safety as does the current situation with the costa alegra. we must know the value of the safety procedures in place to respond to an emergency, but also the security that are of the passengers on board. in july of 2010, president obama signed into law the cruise vessel security and safety act, legislation i sponsored after learning that one of my constituents suffered a rape while on a cruise vacation and that there was no process on board to properly handle the crime. this law is the first step towards providing greater security for passengers from requiring kevin was to the security laches to improving medical care and suppor

ms. speier? >> thank you, mr. chairman.ant to compliment the chair of this committee in recognizing the important function we have to look at government programs and evaluate the fraud. having said that, i want to compliment everyone on the panel. i mean, i think you have a 98% grade, and in 98% grade is something we should be applauding. a 1% fraud rate is just remarkable, and i'm very impressed by what you're doing. here's my question. are we spending more with the budget for fraud detection and the id then we are generating in restitution or repayments? >> i will be happy to comment on that. i will say that our budget in the i.t.'s office is around $85 million a year, and we bring in, on average, 14 or $15 for every dollar that is brought to us. >> so your valuable in what you're doing. here is my concern. has been a recommendation i think by the i.t. that you review retailer applications for criminal records. makes a lot of sense. why aren't you doing it? >> thank you very much. we have received a recommendation that we

chairman nolan: thank you, director reiskin. members of the board? thank you. ms. boomer? secretary boomer: you have one person who would like to address it. he has turned in a speaker card. you only have this one person. chairman nolan: congratulations for being appointed to the citizens' advisory committee. >> thank you. my name is roland long. i am a member of the citizens' advisory committee. the muni accessible services and also the mayor's this bill to counsel. i am here today to talk about the fair -- faregates. we have only one accessible fare gate in the system. nearest to the station agent boot. and oftentimes, people in wheel chairs, people with disabilities have to wait, especially when it is grounded, and we have to get out of the gate. i am in that dialogue with the council. we had a big discussion as far as trying to figure out how we can maybe add a sixth of all -- at accessible -- add accessible faregates. this may be for the project. maybe there will be a chance that we could maybe look into having two accessible faregates to allow people to go in and out,

ms. waters? >> thank you, very much, mr. chairman. mr. cordray, the state and federal mortgage servicing settlement unveiled in february set forth new mortgage servicing standards and addressed issues such as pre-foreclosure referral notices to borrowers, third-party provider oversight, loss mitigation requirements, single point of contact standards and other measures. however, the settlement only covers five of our major mortgage servicers, and the servicing standards will only be in place for the life of the settlement. that is three years. i don't know -- i know you have a lot on your plate, but does a cfpb have any plans to develop permanent servicing standards that cover the entire servicing industry? if so, will cfpb use the servicing standards in the state federal settlement as a template for whatever you develop? >> thank you, congresswoman, for the question. it's a very timely question. and the answer is we do have intention of developing servicing standards that would apply across the industry. one of the things we want is for a

ms. castor i think, isn't it? go ahead and offer -- >> thank you, mr. chairman. >> the a minute offered by ms. castor, just that i have an amendment at the desk. >> i have an mm at the desk. >> and a minute offered by ms. castor relating to medicare. >> the gentle it is recognized for nine minutes. >> thank you, mr. chairman. mr. chairman, in addition to the republican plan that breaks the promise of medicare and into medicare as we know it. the republicans also proposed to raise the cost of prescription drugs and slashed a smart new benefits and pipe the consumer reforms that have been in place for two years now. and are working very well. this is a real double whammy for our older neighbors, all across america. so here's what my amendment does. it proposes to retain the closing of the don't hold and what, the mind is going back into the pockets of our older neighbors, parents and grandparents, proposes to retain those important new screenings. the mammograms and colonoscopies that are saving lives, and it proposes to retain that important new wellness that has become very popular and is actu

chairman. ms. castor. >> thank you, mr. chairman. secretary panetta and general dempsey, thank you are in much being here and all of your years of service. over the past decade, the threats to america's national security have evolved from the conventional threat -- the restaurant stayed out various to unconventional nonstate areas, terrorist networks, terrorist organizations in america and the department of defense have rightfully adopted and grown a terrific special operations force, we invest in that. the budgets grown their rightfully. the best it can pull it the value that they take out of osama bin laden. thank you very much. when the sharpshooters were able to take out the pirate and save lives and doing so. and just last month the rescue and amalia at eight workers. so i rank the new strategy that should emphasize in the budget right to land that continually peschel operations. the former so calm commander, admiral eric olson always emphasize quality over quantity. but after years in iraq and afghanistan, where special operato

ms. blackburn for five minutes. >> thank you, mr. chairman. madam secretary, thank you for staying with us to take these questions. i want to ask you about section 220. and we had section 220 the president supposedly -- >> section 220 -- >> of the obama bill -- >> affordable care ability? >> yes. >> and the president said we'll have transparency and open government and this was a major push. fiscal yeahat the president signed included section 220. this was an important thing we're going to have transparency. going to let you know where the money gets spent. on this bill. yet, is we get the 2013 budget and section 220 has been removed in its entirety. so we have a lot of concerns about what is happening with the transparency components and how the money is going to be spent. so i would encourage you to look at this and see if you can find out what has happened with the money that was going to be designated to transparency. we'd like to have an answer to that -- if you do not mind. >> i would be glad to do that. >> thank you. i appreciate that.

ms. jackson lee: mr. chairman, i have an amendment at the desk. the chair: the clerk will designate the amendment. the clerk: amendment number 4 printed in house report 112-409 offered by ms. jackson lee of texas. the chair: pursuant to house resolution 572, the gentlewoman from texas, ms. jackson lee, and a member opposed each control five minutes. the chair recognizes the gentlewoman from texas. ms. jackson lee: thank you to the chairman. let me acknowledge first of all the combined efforts that has generated this approach to putting americans back to work. let me acknowledge the manager that is on the floor, congresswoman waters, for her enormous leadership on many of these issues, as well as the ranking member of the full committee, mr. frank, who certainly has served and exercised his willingness to deal with questions of these markets. and of course my friend from texas who is managing this and is again, i hope, working with us in a bipartisan way on some very serious matters. again, let me emphasize that the most effective way to reduce our

ms. griggsby, about chairman leahy's point about press releases into about what government does right and foia being about what may be government doesn't do right. i think foia should be expanded to be considered to tell the public more broadly what the government does, in kind of what the government thinks it and i think because many of my requests have been in the national security round, one of the things that is enlightening about the dodgers that you do receive when you do receive them is that they show the complexity of policy issues and the trade-offs that policymakers, the very hard decisions that policymakers have to consider. speaking with the previous question about china, for example. the various aspects about china policy, whether it's north korea or trade or otherwise. so i think we look at the very positive and the negative, but there's broad public interest, but perhaps not easily quantifiable public benefit in understanding government policy more broadly in the trade-offs to i guess my second comment, as a longtime requester, is one more broadly focused to all of you, and

ms. waters is recognized for five minutes. >> thank you very much, mr. chairman. i was talking here about some of the accounts that i've read in the newspaper there has been an attempt to describe, customer accounts as opposed to other accounts, and i suppose. estimate it was kept in the same account as client money, and of course one said the client money had been taken out and put in another account, and then the money was taken from that account to pay overdraft, and when he asked about where it came from, someone was able to say that it came from an account other than the current account, so let me ask do you know anything about another account where the client money was paced on the payout from that account to help take care of the overdraft? >> to the days of my knowledge i wasn't involved in that, so i had not known about the details of the movements. >> do you know about the details of what accounts are official accounts of the company, one, two, three, four, ten, 15, d you know that much? >> they were obviously accounts that were held in the holding compa

ms. bonhomie chi. >> mr. chairman, as mr. secretary and general dempsey thank you so much very testimony and thank you for your service. i join many others i am sure and appreciating your recognition that the unacceptable level of debt is a threat to our national security, and i hear that back at home as well. thank you for making proposals that will implement efficiencies while keeping our military strong and our nation safe. i wanted to ask you about overseas contingency operations. the budget includes $44.2 billion per year from 2014 through 2022 for future war costs. mr. secretary and general dempsey, you stated that the courses are on track to take the lead responsibility for afghanistan security and he talked about that today. by the end of 2014, so assuming that timeline holds, is it possible that we could have significant fewer deployed troops in 2015 and beyond and could our cost be dramatically less than the $44.2 billion in those upcoming years? >> well there's no question. i mean we are running almost how much a y

ms. woolsey: mr. chairman, it's inconceivable to me that with all the challenges we have that are facing our nation this body is taking up legislation today having to do with a 32-acre parcel of land in virginia. is this really the best we can do? at a moment when our economy is still underperforming, at a moment when we're still sending brave americans to die in an immoral war that's gone on for nearly as long as my grandson, teddy, has been alive, we still have more than 8% unemployment in this country, we still have families and entire communities wondering what happened to the american dream. we have families losing homes through no fault of their own. we have families not knowing how to pay next month's bills and how to send their children to college. we are wondering why the very health care reforms they needed are about to go on trial at the u.s. supreme court. we also have people who more than ever are depending on a safety net, programs like medicare and medicaid, which have a big fat target on their