the us securities and exchange commission is about protecting investors and ensuring that those who want market. you ask about crypto, and this is a form in some regards where people are trying to raise money, and thus they need to comply with us securities laws if they're offering or selling those crypto security tokens here in the us. that's why we're paying attention to it. well, you're involved in court cases around crypto, about what is and what isn't allowed. there are many in the industry who would like you to just come out and issue some clear rules, or maybe to urge congress to pass some specific laws for what is still an emerging technology. are you doing enough to provide that clarity? the clarity exists. they're called the us securities laws, and they've been time—tested for 90 years. this is a field that has come along and just because they're recording their crypto assets on a new accounting ledger, they say, "oh, we don't think "we want to comply with the time—tested laws." and what has it led to? it's led to a field that's rife with fraud and hucksters and grifters. and t

we are following that and also our intrepid producer in washington, security and exchange commission and accounting and answering to do. it got pretty interesting. ♪ harlem has everything. but i couldn't find pilates anywhere. so i started my own studio. and with the right help, i can make this place i love even better. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business. choose advil liqui-gels for faster, stronger and longer-lasting relief than tylenol rapid release gels. because advil targets pain at the source of inflammation. so for faster pain relief, advil the pain away. i was only 23 when i was first diagnosed with non-melanoma skin cancer. 40 years later, i've had almost 20 mohs surgeries. i had just accepted that the pain and the scars were going to be part of my life. but when i was diagnosed with two basal cells on my face, i became determined to find an alternative to surgery. if you, like millions of others, are affected by skin cancer... it's important to know that surgery isn't the only option. there's another ch

liz: promising to fire their arch nemesis securities and exchange commission commissioner chair gary the moment but gensler is staying put whether wall street likes it or not and charlie gasparino says he's mapped out a plan to make sure of it? charlie: we should point out that i'm getting this from sources that are connected with the sec that know gary gensler. his comment to me was a little bit flippant. if you're saying he's telling, this is through his spokesman, if you're saying he's telling people this , as normal, you and your sources are lying. so it's was something like that. it's in my new york post story about this but then i ask, well, is he planning to stay and that's where they just went silent, so what i am hearing from people in d.c., people connected to the sec, know him, is that he's drawing up plans to stay longer, even if trump wins. now, what is his game plan? we should point out the way these terms are said, i believe the chairman is a five-year term. the way the law works, the president can't exactly fire a chairman, like you're fired get out of the building. pe

at this moment, the house financial services committee is starting its hearing with securities and exchange commission chairman gary gensler. in an era where bipartisanship can feel scarce, gensler has done such a terrible job running the sec, that he has managed to unite members of both sides of the aisle condemning his failed leadership. gary gensler has worked to consolidate his own power. even though it means crushing opportunities, and frankly, the financial future of this country. rogue bureaucrats like gensler are supposed to be working for the people, not reigning over them. he has wasted a large part of the sec's resources to wage war on the crypto industry. this strategy has not been successful as the sec continues to lose again and again in the courts on its crusade against the digital asset innovation in this country. it's time for the sec to return to its mission and protect opportunities for every american who wants to participate in the greatest capital markets in the world. digital asset innovation is an important part of that. what gary gensler doesn't understand his fighting against

caroline crenshaw limited full- term on the securities and exchange commission. she has joined the sec board in 2020 after being nominated by president trump and unanimously -- a republican, and unanimously confirmed by the senate. in her four years as a commissioner -- as we all follow . in her four years as commissioner she has been an advocate for protecting american money and has fought to make our markets more fair and transparent. prior to her confirmation to the sec she served as a career staff at sec as well as counsel to two commissioners. she worked in private law practice in washington. in addition to her exemplary service to our country she is also an army reserve captain, judge advocate, welcome back, thank you for your service. >> kristin johnson to serve as assistant secretary for financial institutions and department of treasury. the office if confirmed handles a broad portfolio including financial institution policy, cybersecurity, and economic the villain. she brings a wealth of experience in the public and private sectors as well as experience i

and where do you want it to go today, mr. chairman? >> well, the purpose of the hearing is to show what a post-genzler regime can look at the exchange and securities commissionthe buildup of four years of mismanagement at the rogue agency, or active bad management at this rogue agency. what we want to do is to provide a clear idea of what it should look like, with a balance more towards capital formation than taking ad hoc action to sue, to sue people, and to make headlines. was to actually provide some level of clarity for investors. that's what we want in a post-genzler regime. and that's what we hope to highlight in today's hearing. >> when is there going to be a post-genzler regime? >> we're going to find that out. we've got two presidential candidates. and we want to hear from them on these issues of capital formation, both for crypto, for market certainty. we don't know the harris approach. it could be the biden approach, since she is the vice president in this administration. we know the trump approach with the clayton regime was a very solid one at the s.e.c. and markets flourished. so we want to hear from the candidates on -- for their perspective o

ashley: head of securities and exchange commission. aire we know is no fan of current sec chair gary gensler. going for sec and going for the sec and maybe hhs and gensler is awful for crypto and more. ashley: cuban endorsed kamala harris claiming the vice president is a better ceo than donald trump but i'm not sure what that's based on and i don't know if she's ever run a business. stuart: thanks, ash. lou basenese, what do you think of mark cuban heading the sec a?>> this industry, we're direcy impacted by this and 10 month take for disrupt the company public and going back and forth for the sec time and time again and that's maybe anecdotal for our business and mark cuban on the number of public and going for him to take office in 2021 and that's a travesty because this is a man that spent 20+ years at goldman sachs and 25 years in business and forgotten what it takes to be pro business and antibureaucratic and i don't know that anyone would disagree. anyone is better than gensler. stuart: tell us how you really feel. >> i don't want

commission says social media platforms have failed to protect the privacy of their online users, especially children and teens. >> elon musk could be facing sanctions by the u.s. government. the u.s. securities and exchange commission said today it intends to seek sanctions against musk after he failed to appear for court ordered testimony for the sec's investigation into his $44 billion takeover of twitter. the sec is investigating whether musk violated securities laws in 2022, when he started accumulating twitter stock. a lawyer for musk called the sanctions drastic and unnecessary. >> well, coming up, an 18 year old shot in the east bay. where that investigation stands tonight. >> plus an oakland ice cream shop hit by an early morning break in and all of it caught on video. >> also, support is growing for an anti-crime ballot measure. the latest bay area mayor to throw his support behind prop 36, despite governor newsom's position alright. what's the definition of character to you? umm... would you be a superhero or a supervillain? if you could say one thing to big tobacco, what would it be? it's so important in this time of change that we reclaim our sacred ways. i had to open my eyes. you can't cont

the security and exchange commission can be given its environmental social and governance agenda the on "the claman countdown". (psst psst) ahhhh... with flonase, allergies don't have to be scary spraying flonase daily gives you long-lasting, non-drowsy relief. (psst psst) flonase. all good. [♪] can a personal loan unlock your ambitions? oh yeah. consolidate bad debt and save money for your next goal. sofi personal loans. low, fixed rates. borrow up to $100k. no fees required. ♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there. ♪ ♪ ♪ (grandpa vo) i'm the richest guy in the world. hi baby! (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (grandma vo) and a million stories to share. (grandpa vo) if that's not rich, i don't kn

roughly 30% of banks had risk high enough to hit the risk threshold level set by the securities and exchange commissionk's portfolio value. now 57 banks with a total of 627 billion in real estate loans is nearly 11% of all commercial and residential real estate loans in the country, could face, quote, material financial risk as defined by the sec. zit city bank, capital one, huntington national, citizens bank and keybank crossed that threshold. the report also found that regional and community banks were particularly vulnerable because their lending portfolios are so concentrated geographically. some had potential net losses up to 14% of their portfolios. now the problem with the fed tests was that banks mostly looked at individual hazards in isolation and they didn't factor in climate change going forward. this report looked at multiple hazards at the saim time and did account for climate change. back to you. >> as we transition, agriculture, one of the biggest carbon offenders, releasing about 11% of global carbon emissions. it's a big problem. what if it could be a solution? and we have more on that

pushing hard to support and advanced technologies like aia -- >> neil: head of the securities and exchange commission, he is not a good cop for the securities industry, bottom line, right? >> bottom line, he is awful, particularly for crypto and business and trend role, public companies decimated. >> neil: mark, thank you. ♪ ♪ >> greg: hi, i'm greg gutfeld on the judge jeanine pirro, held for junior, jesse watters, and aunt scare her away at picnics, dana perino, "the five." ♪ ♪ harris and trump in a battle over whose policies will fatten your wallet. the vice president in pittsburgh, that's in pennsylvania, dana, to outline her economic vision while suffering from another bout of middle-class kid syndrome. >> i grew up in a middle-class family. we need to grow our middle-class and make sure our economy works for everyone. for donald trump, our economy works best if it works for those who own the big skyscrapers. not those who actually build them. we just need to move past the failed policies that we have proven don't work. >> greg: where was she working the last four years? meanwhile trump was inocu

pushing hard to support and advanced technologies like aia -- >> neil: head of the securities and exchange commissionities industry, bottom line, right? >> bottom line, he is awful, particularly for crypto and business and trend role, public companies decimated. >> neil: mark, thank you. ♪ ♪ >>

you know, rides on the election because gary gensler is still in charge at the securities and exchange commissionvery different than a trump win and a different s.e.c. chairman. sam, i want to talk about risk here because look at where crypto is. we are on risk-on right now whether it's crypto, stocks, everything else. dow closed at another record high yesterday, expectations are up that rates are going to down and we're going to hear a cut tomorrow. markets yesterday, the dow industrials were up 228 at 4:00 on wall street, the s&p wasp up a fraction, the nasdaq was lower by 91. as you can see, mixed market but yields, well, they're way below 4%. take a look at the 10 year treasury as the central bank is kicking off day one of the two damon tri policy meet -- day monetary policy meeting today. the fed is expected to cult rates tomorrow by 25 basis points. futures traders are seeing a 67% chance of 50 basis point cut. sam, what do you think, where are we going here? >> good morning,er maria. morning, michael. i basically think the fed will cut by 25 basis points. the market has been surprised in t

take on the financial services committee is expected to grow all five members of the security and exchange commissionluded the chairman gary gensler during an oversight hearing, the committee and the senate banking committee set a letter to gary gensler demanding more from that they resend it staff accounting bulletin 121 which allegedly opens custody rules for digital assets weakens consumer protection and stifle financial innovation, tell us about the slaughter of what you're expecting to hear during the committee have you heard back from gary gensler yet. >> i was proud to offer this letter in the worst of d.c., the red tape state that tries to overwhelm our main street businesses as well as our communities with government regulation well beyond what congress is empowered with the sec and other federal agencies to do a complete rollback is essential and we talk with chancellor and i look forward to grilling him this week but i want to call that with the other commissioners have already highlighted he has become a rogue agent he's not listening to us or the commissioner, hopefully he will listen to

but the securities and exchange commission has baked into it financial regulation.t your thoughts on that because this goes all the way to the top. this goes back to washington. >> yeah. this is that whole of government approach when the biden administration who wants that green new deal can't convince congress to be able to adopt it. they then instead use the mechanisms of the federal government to be able to enforce that policy. i'm proud of the fact that over 20 republicans attorneys generals have able to stay the s.e.c. disclosure rule for the eighth circuit to decide whether or not that can become the law of the land. but it's reflecting what the administration has done on a variety of issues, when they cannot convince congress that their policy is right, they instead use illegal and unlawful means to be able to impose that on the american people. why the work that we do is so important. cheryl: this goes the presidential election and this is also something that the journal points out. they say if mr. trump turns tout be the winner in november, his most importa

it is an honor to be considered for reappointment to the securities and exchange commission. last month was the 90th anniversary of the passage of the securities exchange act of 1934, which was established in the fcc during the great depression. over the years, the s.e.c. and its staff have worked on behalf of generations of americans to help ensure that the securities market are fundamentally fair and safe for investors' hard-earned dollars. this capital, in turn, has financed all matter of businesses and allowed our economy to thrive. i have had the privilege to contribute for over a decade. i began my career at the s.e.c. as a staff attorney in the division of exams, helping to oversee institutions that managed millions in american savings. i also managed in the division of investment management and counsel to cara stein and robert jackson, focusing on how to strengthen investor protection in our increasingly complex markets. most recently, i have served as a member of the commission. using the expertise i developed as a member of the staff of the securities laws of the mar

charlie speaking of wall street tanking, the sec, securities and exchange commission chairman gary gensler'm going to say this he is a personal friend of mine even though i -- charlie: my condolences. larry: i totally disagree. he's not a bad person but i disagree with his policy. he and i were talking about that dichotomy in a conversation a few weeks ago but anyway he's put the sec into the claim at change business, he hates crypto business and you're writing in your column even if trump wins gary gensler might stay at the sec? really? that is grim. charlie: it's going to be grim for wall street. it might be grim for america, although he's at the sec which is important but it's not treasury, thank god. it's not the federal reserve but it does have important function. it should be watching out so americans don't get ripped off in the private sector. so what i understand from people close to him, that know him, he's like saying i'm going to stay until my term ends. his term ends in 2026. even if trump gets elected. now here is where it gets funny and could be hysterical if this happens. so

according to 13f filings with the securities and exchange commission, last year california representative.5% in their personal investment portfolio. pershing square hedge fund ceo bill ackman generated a 26.3 return, and the oracle of omaha, berkshire hathaway returned 15.8%. if your portfolio, did it lag any one of these? there is now a way to ride the coattails of some of the most successful investors in the world. dub is a trading platform that literally copies the investments made by legendary investors by following regulatory filings in realtime. the customers give dub money to invest, and then you choose which portfolio, whose you want to mirror. they have a whole bunch of them. and then dub, in realtime, makes the exact investments famous investors make. dub is the brain child of stephen wang. he is here in a fox business exclusive. we just sketched out the basics, but can you give me the details of how you copy trades, again, in realtime? >> yeah, absolutely. liz, thank you so much for having me. at its core, dub is the first and only regulated copy-trading platform, and how it wo

earlier we all remember that the main claims against telegram first arose from the securities and exchange commissiones, and before that durov was very actively offered cooperation through the fbi to the cia so that he would reveal certain things related to intelligence, after durov's arrest , he suddenly began to hand over his accomplices. ber, the founder of meta or former facebook and instagram. not that he revealed a secret, but rather confessed or the creator of meta defected, changed his shoes on the eve of the presidential elections in the united states. zuckerberg admitted that the joe biden administration censored content on his social networks. it was necessary to subject censorship of the covid-19 message, as well as removing inconvenient details about the contents of biden's son hunter's laptop, or rather his connection to the ukrainian corporation buri. as well as evidence of the involvement of the us president's son in criminal activity. so what will be the answer to the question: if freedom of speech in the west, or speech exists within strict limits and is controlled by the government

back here in the u.s, the securities and exchange commission is trying to impose sanctions against elon musk if he does not appear at a new court date. musk did not appear for testimony last week in an investigation related to his takeover of x, formerly known as twitter. the sec is now looking into whether he followed the law when disclosing his purchase of twitter stock. lawyers for musk say court intervention is not necessary because a new testimony date has already been agreed upon and set here in the bay area. it's been a week since x, formerly known as twitter, officially vacated its headquarters here in san francisco. it's no longer at market and 10th streets. the exit leaves many to question the future of the mid market area, which has been struggling, as we all know for decades now. here's abc seven's building a better bay area reporter, lyanne melendez. >> the lobby, which was once bustling with twitter employees, is now filled with a quiet desolation. now known as x, the company was once the second largest tenant in the mid market area, with more than 450,000ft■s of space. no

trump rallied against nasdaq and the securities and exchange commission on friday. nasdaq says the stoppage was due to rules in place to protect investors and the public. trump threatened to move his company to the new york stock exchange if it happens again. now coming up on this week, we'll hear from ohio republican governor mike dewine following the abc news presidential debate, when trump made claims about haitian immigrants in his state. you can watch the full interview on this week at eight this morning right here on abc seven. as we head to break, let's check in with frances. good morning. >> good morning stephanie. morning, everyone. check out this really pretty view from mount tam. you see some of those low clouds coming in from the coast. so along the beaches it is cloudy. inland we have some clearing, but temperatures are coming down today. i'll let you know what you can expect with the accuweather seven day forecast. >> frances. thank you. also ahead, a new nationwide program to support students mental health. how it works. just in time for the new school

decided over time it should be like a 10k report that businesses have to file with the securities and exchange commissioneutral, it's not arguing for a point of view, it's got to be long-term, everything's to bot to be in the context so that you could this then form your own opinion as shareholders do in a company about what to the go do. i'm not going to be judgmental about whether we're in good shape or bad shape, but i think we can in certainly the materials we published, some new videos we came out with before the election, they paint a story and everybody can assess that differently. neil: one thing that we can, i think bipartisanly there's such a word, assess is that debt keeps piling on, right in and both candidates have plans that that will add to that debt depending on if you believe the figures attached to them. a wharton or survey shows it goes up almost $2 trillion under kamala harris or almost $5 trillion under trump. no way to know for sure, but to get back to that notion of a government that gets bigger and the money that's coming in to pay for that, i just wonder how that all works out. >

glenn thompson and dusty johnson on the agate committee we established what is the securities and exchange route commission proper role on market structure, what is the futures trading commission. what is digital commodity what is digital security and we have this dividing line. this is what happened in 1933 with the establishment of securities act and securities exchange act 33 and 34 this is what we need for this new architecture around digital assets. definition means of exchange, clarity underwater. what we are trying to do with this legislation which got bipartisan out of the house, two thirds of the house of representatives with somebody one of my deborah knapp colleagues almost all republicans. what we establish is a clear set of rules and not just similar to what the europeans established. not similar to what they established in japan singapore and even hong kong. we are trying to catch up to where europeans are in the new cutting edge technology. when was the last time we try to catch up with europe on technology not this. it's been a very long time we were behind europe but this is one area we ar

the securities and exchange commission is trying to impose sanctions against elon musk if he does notd not appear for testimony last week in an investigation related to his takeover of x, formerly known as twitter. the sec is looking into whether he followed the law when disclosing his purchase of x stock. lawyers for musk say court intervention is not necessary because a new testimony date has already been agreed upon and set. still, to come this morning. speaking of, x no longer marks the spot. the company moved its headquarters out of san francisco's mid-market neighborhood. what we're now looking into in terms of how it will make a better bay area in this part of the city. but first, the race for the white house ramps up as both presidential candidates visit crit is it possible to count on my internet like my customers count on me? it is with comcast business. keeping you up and running with our 99.9% network reliability. and security that helps outsmart threats to your data. moaire dida twoo? -your data, too. there's even round-the- clock customer support. so you can be there for

the retailer submitted paperwork with the securities and exchange commission that indicates it is selling business to the private equity firm, nexus capital. big lots cites problems that started with the pandemic and made worse with high interest rates and inflation. this follows big lots announcement that it is closing hundreds of stores nationwide, involving all of its locations in the north bay, such as santa rosa and rohnert park. >> the troubling incident involving an mri machine at a hospital in the bay area. the investigation underway and a look into the standards across the country industry wide and across the bay area. >> this afternoon, a little bit of haze. just a little bit of fog out there as we continue with this seasonably warm weather. i do see changes coming our way. i'll have a look at the kaiser permanente, redwood city. a nurse was injured most recently, though, a wheelchair was found inside an mri machine at a sutter health imaging site in mountain view, ktvu. >> crystal bailey took a closer look at the widespread issue and looked into standards across the industry. >

the securities and exchange commission is trying to impose sanctions against elon musk if he does notear at a new court date. musk did not appear for testimony last week in an investigation related to his takeover of x, formerly known as twitter. the sec is now looking into whether he followed the law when disclosing his purchase of twitter stock. lawyers for musk say court intervention is not necessary because a new testimony date has already been agreed upon and set. still to come on abc seven mornings x no longer marks the spot. speaking of the company moved its headquarters out of san francisco's mid-market neighborhood, and we're looking into what it will take to build a better bay area in this part of the city. but first, the race for the white house ramps up as both presidential candidates visit why choose a mobile network built for places you'll probably never be... ...instead of for where you are most of the time? xfinity mobile was designed for where you need it most. now xfinity internet customers can buy one line of unlimited and get one free for a year. ♪ when you have mo

trump accused the nasdaq and securities and exchange commission of doing it all for political reasonso move his company to the new york stock exchange, which has similar rules in place for volatile stocks. >> indiana fever guard caitlin clark broke the wnba rookie record for scoring this weekend. clark scored a career high of 35 points in sunday's game against the dallas wings. this puts her overall scored points this season at 761. clark beat the previous record by 17 points. this is one of many records clark has broken this season, including the nba's single season record for assists. fever beat the wings 110 to 109. >> the world's first self-charging solar car is being showcased here in san francisco. this hybrid car is made by aptera motors. it runs on solar power but can also be charged with electricity. the company says it can go up to 40 miles per day when running only on solar, and up to 1000 miles on a single electric charge. >> aptera is going to be coming out q2 next year, so we're really excited. that's why we're up here in san francisco for this first time to drum up some

the so-called low currency, you may have heard of the former president mention of the security and exchange commissionhnology. it is not so new anymore, bitcoin itself has been around $60,000 a coin or so, did not get much movement today with the federal reserve. but that is to say the president is a big advocate for this, thing is this kind of currency and the fact they united states, we should be taking advantage of that. heated refer to this big event he has planned in it uniondale, long island, 70,000 were waiting outside. summit got there as early as yesterday morning, just to get a seat. he also acknowledged day is a national burger day, he had a national cheeseburger day, yes to got the federal reserve cutting interest rates. who did make a reference at wondering get, i don't want to miss fair -- ms. paraphrase him, that it may have been politically motivated. that a half point cut. hans nicholson with us tonight, as we keep an eye on this, what do you think, it's been a crazy day! first if i can, where sean o'brien and the teamsters not officially backing anybody which to the former president'

trump rallied against nasdaq and the securities and exchange commission on friday. nasdaq says the stoppage was due to rules in place to protect investors, and the public. trump threatened to move his company to the new york stock exchange if it happens again. as we head to break, let's check in with frances. >> all right. we're going to take you outside to show you the gray skies and windy conditions over the golden gate bridge. temperatures are going to be significantly cooler inland. plus, i'll talk about rain and thunderstorm chances in the accuweather seven day forecast coming up. >> frances. thank you. also next, cal's student section gets out of control. how the bench affected the bears game against san diego state last night at memorial stadium. and we'll head live to los angeles for a big night. the emmy awards. a look at the actors who are making history for just being nominated oh wow. >> open my mouth and i breathe them right in. oh, i till you knock on my door. >> get exclusive offers on select new volvo models. contact your volvo retailer to learn more.

securities and exchange commission says they did not keep proper electronic records in their systems.m but total about $49 million. moody's investor services and s&p global ratings were hit with the hardest penalties of $20 million each. none of those firms have argued that the claims are invalid and all have agreed to just go ahead and pay the fines. >>> time now for a look at what's coming up later on cbs mornings and joined right now by tony dokoupil live from new york. good morning, tony. >> good morning, reed. let us be joined. coming up on "cbs mornings" weight loss drugs are very, very popular. and chances are you know someone who's taking them. we're going to look into a warning though about a rare potentially dangerous side effect. a number of them in fact and anna warner spoke to one patient and she nearly lost her life in all this. >>> plus online blackmail scams and they are getting more and more sophisticated. we're going to ask an expert what to look out for and so you don't become a victim. >>> also, florida has always been a key factor in the race for president. so cai

make every everyday a winning day the us securities and exchange commission is threatening sanctions against elon musk for failing to testify about his $44 billion takeover of twitter, now called x musk was scheduled to talk to investigators on september 10, but just three hours before he was supposed to start speaking musk's lawyer said these space x owner had to travel for the launch of the polaris dawn mission at issue here is whether musk follow the law when disclosing his purchase of twitter stock? >> and whether his statements about the deal were misleading musk is also taking flak from the top chechen warlord ramzan, god that off claims the tesla ceo sent him one of the company's cyber trucks, which he then deployed to ukraine now, musk denies that, but as anna stewart reports, a truck is now out of commission and the chechen leader is pointing a finger at musk elon musk, a chechen warlord, and a tesla cybertruck. >> it is a strange story. it started around a month ago when chechen leader ramzan kadyrov for all known for his loyalty to russian president vladimir putin posted t

with, block the government agency responsible for protecting our capital markets, the securities and exchange commission from directing public companies to report critical information that impacts their bottom line, including climate risk, company diversity and employee welfare. this bill flies in the face of the 80% of investors who want companies to disclose these metrics known as environmental, social and governance. or e.s.g. policies. companies that prioritize these metrics perform better financially than their peers that do not. many studies have thousand that companies -- have shown that companies that embrace the diversity of the united states outperform those that do not. indeed, companies with the highest percentages of women board directors outperformed those with the least by 53% when it comes to shareholder returns. but if we think about it, this is just common sense. when a company includes the views and perspectives that reflect the diversity of america, all of america is likely to see the value of that company. now, when i was chairwoman of the committee, i created the first of its kind

the fact that in section -- under the exchange act thible of the securities and exchange commission to proxy solicitation is very limited. every regulation has been weaponized against the very businesses that are paying the taxes to support this country. as far as my particular bill, the congress never granted the s.e.c. authority to make it mandatory for companies to include shareholders' proposals in a dorp rat proxy statements. this legislation reaffirms the proper role of the s.e.c. and ensures it cannot exceed its noter by compelling companies to include certain shareholder proposal against their will. you know, a lot of things we're having to combat is for the constitution. that you're wanting to do away with. we believe in the constitution. we believe in freedom. we believe in limited government. this package of bills spells this out and protects our god-given rights that we shouldn't have to fight for, that your party is wanting to do away with. the speaker pro tempore: the gentleman's time has expired. mr. norman: i yield back. the speaker pro tempore: members are reminded to

. >> kellogg's, according to the filings with the securities and exchange commission, kellogg's operates a highly -- and finding capable employees. they have a program called better days promise, specifies by the end of 2025 it will achieve 25% racially underrepresented talent at the management level in the united states. it is talking about a program, paid postgraduate fella program for black chefs to work with our research and development team to help them better understand food roles and black communities worldwide. mr. rokita, talking about race and having these woke percentage plans, is this a violation? >> assuming the hirings are based solely on race, yes. >> they specifically say black chefs. mr. berry. >> goals are usually quotas. >> ms. stepman. >> yes, it's a violation. >> ms. wiley. >> we need to know a lot more fax before we know it's a violation. >> they clearly stated right there, paid postgraduate fella program for black chefs to work with the research and develop a team to help them better understand food, roles or black communities worldwide, unlawfully only black or af

of washington and forget looking at this for solutions but look at happening at the security and exchange commission. they are increasingly becoming sort of a social regulator because you have activist investors in this country because of these rules to get these on corporate shareholder ballots that easy rates, to the extent bernie sanders was able to speak at the shareholders meeting for walmart and that om shouldn't happen easily but it is because the sec has lowered the threshold for activist progressive groups to force companies to weigh in on these issues. the companies don't want to do it but if the shareholders are forcing them to, it is a problem. we should look at why are they tipping the skills to make it easier for progressives to force companies to get involved in social issues where they otherwise would not? start their. when i look at things like antitrust that is a break glass solution and we aren't there yet and we haven't even try the fire extinguisher. >> we will leave this here. but a reminder, you can watch all of our programs on our website but we take you live to the testifyin

goes up, this is an ethics landmine, if trump wins the election, he's blasting the securities and exchange commissioncurrency. if he's president he would have influence? >> reporter: he changed his views on this, perhaps as a result of this venture, but george, this is the beginning, i mean, one of many efforts that trump has launched, business-ventures, since he launched his campaign for president back in november 2022. consider some of the other stuff he's been doing: he's sold digital trading cards. he's sold real cards that he claims have pieces of the suit that he wore when he got his mug shot, after being indicted in georgia. he's sold bibles, trump bibles with the inscription by lee greenwood, and selling real cards that contain pieces of the suit when he debated joe biden, 399 gold sneakers and truth social, this is his social media company that he took public 6 months ago, that's the biggest by far of all of them, worth on paper some 2 billion dollars and he can begin selling those shares as soon as tomorrow. so, george, two very important things about thisusually goes to support the campaig

the retailer submitted paperwork with the securities and exchange commission that indicates it is sellingusiness to the private equity firm nexus capital. big lots cites problems that started with the pandemic, made worse with high interest rates and inflation. this follows big lots announcement that it is closing hundreds of stores nationwide, including all of its locations in north of may in the north bay, such as santa rosa and rohnert park. car rental company avis reports. cyber attacks say may have stolen personal information from hundreds of thousands of its customers. avis says the attack happened in early august. the breach involved customers credit card numbers and driver's license information. court filings show 300,000 people were impacted by that breach. texas had the highest number of customers affected. avis says days after the initial breach, it did begin taking actions to patch its systems, and apple's new line of iphones will be unveiled today. they are expected to give you fast access to some favorite features. tech watchers predict the iphone 16 and 16 plus will feature

tell us, according to filings with the securities and exchange commission, tell us about significant -- finding capable employees is what they claim. they have a program called better days promised. it specifies that by the end of 2025, it will exceed 25% racially underrepresented talent at the management level in the united states. it is talking about a program paid postgraduate fellow program for black staff to work with our research and development team to help them better understand food roles in black immunities worldwide. talking about race and having these woke percentage plans, is this a violation?' >> with the hiring based solely on race, yeah. >> they specifically say black staff. >> these are usually quotas under the law. >> that is a violation. >> we need to know a lot more facts before we know if that is a violation. they clearly state it right there. a paid graduate fellow program for black staff to work with our research and development th team to help them better understand goals for the black community worldwide. unlawfully, only blacks or african american chefs are

look at what is happening at the securities and exchange commission. we have a project, sec mission creek. the sec is becoming increasingly a social regulator. you have activist investors in this country that are able because of sec rules to get items on corporate shareholder ballots at a very easy rate. to the extent that bernie sanders was able to speak at a walmart shareholders meeting. that should not be able to happen easily but it is happening because the sec has lowered the threshold for activist aggressive groups to be able to force companies to weigh in on these issues. these companies don't want to do it but if there shareholders are forcing them to come of that is a big problem. and we ought to look at why the sec is tipping the scales to make it easier for progressives to force companies to be getting involved in social issues where they otherwise wouldn't. you start there and then when i look at things like antitrust, that is a break glass solution. we are not there yet. we have not even tried the fire extinguisher. mr. erickson: you menti

from the securities and exchange commissions whistleblower reform act to the false claims amendments act to the irs whistleblower program improvement act and many others. whistleblowers, brave men and women who perform invaluable public service. they must be protected all of you here today must be protected, all of those, all of your patriots that i say so often, patriots and for those that aren't here the same dating back to revolutionary wars as i just told you, the worst first whistleblower report, reported fraud and misconduct. our founding fathers knew the importance of rooting out waste, fraud and abuse as i stand here today, july 2024, a long ways away from the revolutionary war, the same sentiment remains and must remain. i'm proud to have introduced the national whistleblower appreciation resolution for the 11th year in a row on behalf of the entire senate whistleblower protection caucus and i'll tell you this again, one day all of us we are going get the rose garden ceremony. thank you very much. [applause] >> and now for a very special treat, we will hear from dr. jeffrey.

roughly 30% of banks had risk high enough to hit the risk threshold level set by the securities and exchange commissionestate loans. that's nearly 11% of all commercial and redensidential ls in the country could face risks as defined by the s.e.c. of the nation's largest bank, citi bank, capital one, fifth third, huntington, citizens bank and key bank all crossed the threshold. the report found that regional and community banks were vulnerable because the lending portfolios were so concentrated graphically. those banks have net losses up to 14% of their portfolios. the problem with the fed test was banks looked at individual hazard, they hadn't put it into the future assumptions that these happen in isolation. as in there wouldn't be a wildfire at the same time as a hurricane, which as you know, it could happen. there's fires and floods happening at once. >> how does this test differ, if you will, from the one the banks ran themselves for the fed? >> they were looking at an individual scenario, say a hurricane or wildfire in one specific area and looking at how would that stress the portfolio and looki