the scc must continue making enforcement a priority. but actors are always coming up with new schemes to separate people from their hard earned money or cheat the rules to gain a little bit more for themselves. under your watch, scc's increased prosecution for insider trading, which of course, as you know, under the trump administration, had fallen into the lowest level in a generation. in april, this committee considered a read menendez bill which would outlaw insider trading and statute. the house has passed a similar bill. last month, we saw the successful result of bipartisan work of committee members to improve transparency and fight fraud. in 2020, senator kennedy, who is sitting to my left, more or less, and senator van holland pushed for the passage of the foreign count to build the u.s. stock exchange, trading of foreign companies with china-based auditors that refused to comply with our oversight laws. that law jump-started negotiations. the public company accounting oversight board signed an agreement with chinese authorities

i would say this, not liking the answer from scc does not mean there is not guidance. most of these tokens, the vast majority are securities and thus intermediaries are likely to be noncompliance with laws right now. so, we are really trying to work with them and talk with a wide swath of these organizations right now to get them properly registered. to get them inside. this is what we do. with all respect to mr. levine we have been pretty clear. my predecessor was. through commission actions and his public voice in front of this committee and others about this matter. we are going to continue to protect the public as best we can. >> thank you. as of august 2022 the sec had proposed 32 new rules in just 11 months. fred is preparing at least another 19 for release in the next year. these are complex rulemaking's that will impact markets and capitol formation. in addition to that these rules are being implemented and overlapping timeline effort of the same or interconnected products and market sectors. despite the linkages the sec as assess the economic impact independen

para ser una sitiar asÍ la vacuna de refuerzo puede ir al sitio de internet scc vacuna.org. >> al principiofuerzo hace mÁs de dos meses. si usted ya tuvo su refuerzo y fase dos meses en buen momento para que se lo ponga. >> esperamos que en los prÓximos dÍas, va a haber mucha demanda. y tal vez no van a haber citas disponibles. esperamos que la gente tenga paciencia. paola:y el covid 19 prolongado estÁ afectando a los niÑos y es posible que algunos padres de familia confundan estos sÍntomas conoce un resfriado. una doctora recomendÉ que los padres estÉn atentos a los sÍntomas en casa de que su pequeÑo padezca de sÍndrome inflamatorio multi sistÉmico. >> se presenta como un cuadro de fiebre alta, cansancio, malestar en el pecho, >> recuerde que los niÑos de seis meses a cuatro aÑos son elegibles para vacunarse.mientras que los mayores de cinco aÑos pueden recibir la serie de vacunas al igual que la dosis de refuerzo. revisemos el pronÓstico extendido para esta semana. vuelva a saludar a nuestra meteorÓloga con toda la informaciÓn y el pronÓstico. >> durante la tarde de hoy las temperaturas m

scc has a regulatory responsibility, irs will have a regulatory responsibility. and so will thoughts and ideas on cybersecurity which i will address after this question. how does this bill fit into the broader framework? why is this bill getting done now so essential why and how does getting this bill done now allow us to build on it to do the rest of the regulatory framework to go and look at the banking committee and try to do stable coins go look at the banking committee to try to get c regulations for those athy digital assets talk about why this pie matters now pair.ma >> senator, tnk you for the question. you rightfully point out this is one piecef the puzzle bird we all have a role to play. 'll have our pces to contribute to the larger puzzle. i've been lucky to participate in the priipal working group, the oversight council, oversight and this is a big issue. you mentioned sble coins, this is predominately bking regulated issue. the secity tokens a thsands of security tokens. innovars are creating and we need to address for their issues around payments, c

the scc had an authority since 1993 without lapsing. what would be the consequence the if the fcc authority does latch for the first time in 30, 40 years, in october and i'm certainly ongoing the 2.5 gigahertz auction more broadly. what would the sense of confidence in the industry be if there was a lapse? >> well, thanks for the question. as you say, fcc authorities never lapse so the uncertainly that that brings is, i think, none of us have the right answers to those questions and i think none of us want to find out the answers to those questions. it's really important that they have the authority to do their job and while this auction is a really important auction and we have a lot of people bidding on that spectrum and it's going to be very meaningful across the country, what's next is also important, this is an ever-evolving dynamic industry and devices are increasing five times faster and the fcc is going to have to the authority. >> let me ask for you and then mr. lewis, assuming we pass the short-term extension. what do you thin

are they under the supervisionf of the scc or the cdc or there might be inability to take effective. are they further out of the perimeter subject to regulation with the efforts to get after them are morere complicated. is ithr essential we look at ris throughout thehe financial syst? including outside the banking sector are tools for addressing that are mixed. >> limited. >> in that to get the financial disability oversight counseled the authority to designate institutions of financially significant. which would have brought them under the purview of the fed. that combination of legal decisions or decisions a trump administration made that power has basically been neutered. cannot be reinvigorated? i thought the with going to go pray. >> i do think it is important to have eight rigorous and angela oversight process. and to have a process designation of non- bank firms. if they could find a risk for financial stability. i'll use a little bit of jargon, using existing authorities if there's payment settlement or clearance activity that could honestly be designated for supervision. it

still coming i got to say the spac machine is one of the worst gains i've seen if i were head of the scc i would pause them and say you ipo or do nothing. it time for them to speak up for heav heaven's sake. there are spacs that made money and long shots that pay off and track for heaven's sake. as a former handicap, it's much easier to pick winners with the ponies i think they handied cap college and worked the tracks around boston, philadelphia and made far more money than you'll see from most of the spacs that have become public for the last couple years more on that later on. for now, i bring up the .com era because i dream of pointing out the people that lost you that money and contributed to the destruction of your nest egg then never came back to the market for many people. full disclosure, i turn negative on the .com in march of 2000 and told everyone to sell them i told people to go into bonds and made a bundle betting against them from my hedge fund. i told evening back then i knew which companies were to blame for the collapse but lacked a venue to expose them not this time. l

i think the scc's requirements, particularly on risk management and strategy, offer us a window into being able to see where these risks have implications for cascading failures outside of a single business, and where public investment can help strengthen the economy. >> is the premise of those who object this rule that most companies, or oil companies do not have any material risk of climate change? how accurate with that assumption be? >> i do not personally believe that is an accurate assumption. i think information in this case, well used, could be tremendously valuable. >> and should be made available to investors and shareholders, and bond holders? >> correct, climate impacts will impact shareholders. >> thank you. you mentioned coastal property values, i represent the ocean state so we are acutely sensitive to this issue. first street foundation reported that between 2005 and 2017, rhode island lost $44.7 million in property values due to the impact of sea level rise. and, it is only going to continue. in fact, it will probably accelerate. so, doctor, can you talk about the cl

appointments can be found at scc free vax .org. we don't know exactly when our shipments of vaccine will arrive, but we anticipate mental mental late next week. covid cases in santa clara county have a seven day rolling average of 348, california remains just under 8000 cases a day with close to 18,000 vaccines administered daily. the details this noon have emerged from last month's fbi search or former president trump's florida estate. the justice department released a detailed inventory of items retrieved at mara lago to the public today. the list includes confidential us documents, photographs, empty folders with classified banners, books and newspapers. it is still not been determined whether trump's request for special master will be granted. in his speech to the nation, president biden called on the american people to defend the country against threats to democracy. there's no question the republican party today is dominated, driven, intimidated. by donald trump and the maga republicans. and that is a threat to this country.

quantities of these updated boosters as soon as they've received their inventory appointments can be made at sccevax.org and santa clara county public health director, dr. sarah cody recommends everyone to make one according to wastewater data, dr. cody says the county is still seeing a lot of covid circulation and 10 to 15 residents are dying weekly. she applauds the work that community has done thus far and says this is the next step in saving lives people are tired of adapting their behaviors. people cannot adapt their behaviors for two and a half years and that's why it's incredibly important to have a updated vaccine an updated booster that you can get boosted and you can feel more confident that you have protected yourself cdc recommendations as to when you should receive your booster for optimal protection will be announced soon in santa clara county dust. dorsey abc 7 news we're tracking monkeypox cases in the bay area we have about a third of california's cases with the highest number 740 in san francisco. sorry, we're showing you the wrong video here, but we do have a map there. it is

quantities of these updated boosters as soon as they've received their inventory appointments can be made at scc-freevax.orgdy recommends everyone to make one according to wastewater data, dr. cody says the county is still seeing a lot of covid circulation and 10 to 15 residents are dying weekly. she applauds the work the community has done thus far and says this is the next step in saving lives. people are tired of adapting their behaviors. people cannot adapt their behaviors for two and a half years and that's why it's incredibly important to have a updated vaccine an updated booster that you can get boosted and you can feel more confident that you have protected yourself cdc recommendations as to when you should receive your booster for optimal protection will be announced soon in santa clara county dust and dorsey abc 7 news. and we are tracking monkeypox cases in the bay area we have about a third of california's cases with the highest number 740 being in san francisco. this map is at abc 7 news.com and it's updated daily with the latest information release by individual counties as well as by the stat

and then at last of the scc received from companies like amazon, astra and boeing petitions to put as many as 38000 more broadband satellites in the lower earth orbit. are you concerned about how the proliferation of commercial investments could interfere or complicate national space needs? and do we need to look at international rules of the road both about commercial use of space but also about the handling of debris small amount of orbital debris can wreake havoc on the superexpensive satellite platform. >> i am not concerned at this point about the traffic as you mention it. i'm always concerned about debris. we are committed to making sure we lead and model responsible behaviors in space. think that willi help reduce te amount of debris associate with launch and other kinds of operations per. >> thank you very much. thanks mr. chair per. >> thank you set her cane. senator cramer please. >> thank you, mr. chairman. thank you general, that if are good to see your and your family here it's a really great day. congratulations. senator cain brought up the issue of commercial companies

and that amount just to work the current annual compliance paperwork burden from all other scc regulations combined. which is about 3.8 billion. obviously, the cost of the policy as i have described so far are quite high. businesses which will shrink, jobs that will be lost, less energy produced. but there is second order effects as well. higher prices for consumers. failures on the electrical grid, and less economic growth and a lower standard of living. the great irony of all of this is that, even for their extraordinarily high costs, none of these policies is going to make a dent in slowing climate change. i am not denying global warming. it is undoubtedly real. but i am denying is that these policies will have any meaningful effect. think of this. if tomorrow the united states of america, the second largest carbon emitter in the world, went completely carbon neutral, in other words, from a carbon point of view it would be equivalent to america ceasing to exist. then global temperatures 80 years from now will have been reduced by three tenths of one degree fahrenheit relative to what th

the chairman of the scc did a phenomenal job but it wasn't politicians nor anyone from the financial bell. it was new york city's finest police officers and firefighters, emergency service people, we lost 403 first responders, neil. you know, and they did it, they rang that bell to honor their fallen brothers and sisters. and it was a tribute to what can happen when partisanship is put aside and i would just hope tomorrow as we all pause and say a prayer on the 21st anniversary of that heinous day, that we all step back and say, why can't we do what we did 21 years ago? why can't we come together as americans? and you know, i think every year on the 11th, i go to a mass in honor of my fallen brothers and sisters. from the fire and police unions and fire department and police department, an we say together this was so special. we honored those who were killed yet we went forward as americans, neil. and it was a signal to the rest of the world what can happen when you put aside petty partisanship. neil: powerful words i will say over the years i've known as a friend and financially you

it's a pretty big leap of faith, but that's the default position of even, even gary gentzler in the scc rhetoric they're saying it is about shareholder value. preventing bad weather down the roading being in the best interest of the shareholders down the road, that seems like a stretch to me. let me ask u warren buffett. he's buying a lot of occidental. he may echbd um with the whole thing. it's been said he likes the carbon capture tech knoll jichlt is that what he's looking at is that a profitable business down the road? bring me to the possibility of that if a company is supposed to switch to 50% of its business activities and they're about carbon capture do you sell credits do that versus do you think that's why buffett is buying oxy because the carbon cap is taken out or the money that's in the ground that oxy has or can eventually have >> i can't speak for why they're buying occidental. i can tell you berkshire hathaway have a lot invested in them to power companies across idaho to i believe other parts of the west toover countries chevron, by the way, berkshire hathaway is nearly