those are important documents required by the ctc. customarily over the years, going back to the early 1900's, the state took a position that was a partner with these folks, with the counties that are going to make investments on their system, and the state stepped up and funded this project initiation document. the governor says they can no longer afford that, so he has severed the reimbursable authority. as a result, project on the system that any local self-help entity is going to fund will require that entity to fund the initiation documents. with that, i will bring my presentation to a close. supervisor mar: thank you. ." >> i know that we are late, so i will be super brief on this. on a.b. 57, i had quite a bit of activity on this bill in sacramento, and they were coordinated with the mayor's office and senator lyndon's office. the bottom line is we have communicated with the mayor's office about the need to take the bull by the horns and have this discussion about regional representation now, not as an emergency in january when

address what i understand from the committee define confirmed and in a position such as the director of the ctc, i believe wholeheartedly that in that role i have an absolute of certain legal obligation to the best of my ability to provide all intelligence information in a full and timely way to this committee, and i believe that if i am in that position, i authority and ability to make that judgment greatly exceeds what it was in april of 2009, and the committee has my full commitment that i will live up to that obligation. >> mr. vice chair, there is a letter dated july 22nd, song and by the assistant attorney general which clearly states the officials who provided the briefing including mr. olsen to discuss the review process in general but were not authorized to discuss deliberations or decisions about any specific detainee's and it goes on to say consistent with the parameters set for the briefing she did not discuss the decision making or specific detainee's and this would be available in the next up is senator conrad and he's not here, senator wyden? >> thank you madame chair and mr. ols

address what i understand from the committee define confirmed and in a position such as the director of the ctc, i believe wholeheartedly that in that role i have an absolute of certain legal obligation to the best of my ability to provide all intelligence information in a full and timely way to this committee, and i believe that if i am in that position, i authority and ability to make that judgment greatly exceeds what it was in april of 2009, and the committee has my full commitment that i will live up to that obligation. >> mr. vice chair, there is a letter dated july 22nd, song and by the assistant attorney general which clearly states the officials who provided the briefing including mr. olsen to discuss the review process in general but were not authorized to discuss deliberations or decisions about any specific detainee's and it goes on to say consistent with the parameters set for the briefing she did not discuss the decision making or specific detainee's and this would be available in the next up is senator conrad and he's not here, senator wyden? >> thank you madame chair and mr. ols

13563 and similar executive orders, i briefly need to review a few critical points about making it to the ctc. i do so to make the point we've undertaken the promulgation of regulations and the retrospective revue in the full spirit of the policies incorporated in the executive orders despite our being exempt from the orders. so i would like to make a few observations and i promise i will be brief. first, since 1981, the cpsc has been required under amendments to the safety act and the other acts in force is to conduct an exhaustive cost-benefit analysis when we write safety rules. under these amendments, our cost/benefit approach is as comprehensive if not more so as that set forth in any executive order issued by the office of the president, and i think in the case of any other agency. in fact over the years in part because of the detailed and lengthy cost-benefit procedures contained in the laws, the commission was actually promulgated very few mant to receive the rules under these procedures. now why did account, so i could be off by one or two but by my count, and 30 years we've issued a

i think it's an important role that the ctc currently regulates about six including houses and we expected to grow to about 20. i look forward to this councils determination which ones are systemic. and we also at the cftc are enhancing the rules for oversight and clearing houses, all of them, but have certain enhanced financial risk management for the systemically important ones. and i look forward to the council's judgment and particularly the federal reserve judgments because they have an important role to play in title viii. >> excellent. thank you. other comments, questions? me i have a motion with respect to this final rule? >> yes. >> second? all in favor of publication? any a post? thank you. -- any a post? thank you. next item on our agenda is a study, the study is called the secured creditor haircut study, one of the studies required by the act and i'm going to ask the treasury to come provide a brief overview of the study and he's going to be joined up your i the fdic in the event we need to discuss any of the specifics. so, felton booker, give us a bit of sense of what is at th

community didn't believe aqap was a threat to the homeland in fact the report found that prior to that point, counterterrorism and in ctc, cia and nsa were focused on the threat of the attacks in yemen but were off focus on the possible the degette aqap attacks on the homeland. unfortunately that's proven to be a fatal flaw because we would is over and over again they sought to inspire and direct attacks against the homeland. again, we cannot know if or when they will do the same but the potential was there when you add up the box. in that van i want to at walz click on the ties to al qaeda. in 2008 here is that a prominent leader said about al qaeda and the relationship and al qaeda and the holy war in somalia trained in al qaeda camp to the tactics and guidelines it was done in an interview with the l.a. times and the l.a. times went on to say that for the first time lil' bo spoke about the possibility of attacking americans, saying even journalists and aid workers were not immune from attack because of the animosity toward the united states. we go through my testimony and written for my provided a number of leaders f

the mega-people and if i am honored to be confirmed it will absolutely be my commitment to find a way to overcome expressed concerns about sharing information when that information is necessary to subport and ctc'ssion and that is to prevent another terrorist attack. so certainly you have my commitment to look very heart of that question. >> as you and i discussed in my office the critical role that nctc plays is for the most part centered around information sharing, and it is a requirement that u.s. director of nctc share information you have that you have got to get the information first. and let me just say that the chairman and i without question read it to make sure you have all the tools that you need and from a policy standpoint we are prepared to do what is necessary to make sure that the information that you have to be shared is all of the intelligence information. and let me just close by saying that as the chairman stated, we have gotten inundated with letters of recommendation which you should feel very honored to be supported in that respect. i know you are. letter from general alexander was very calm mentoring and not only did he write a letter, but he happens to be a good friend a