van hollen: thank you. i'm going to ask the chairman and ranking member to join us in getting that out. sen. brown: we were just speaking about that quietly. sen. van hollen: i appreciate that. thank you. let me ask you a couple of questions regarding capital standards in the context of climate risk. as you well know, an porton -- an important part of it is to ensure their ability to play their claims following catastrophic events. one of the concerns is that with increasing severity and frequency of extreme weather events that the risk-based capital models they overemphasize the trends of older historical data and not adequately assess your risks. so two-part question. what is the naacp doing to ensure its models incorporate the most recent and relevant climate data? in order to reflect the true risks. secondly, from a risk management and capital adequacy perspective how important is it for insurance regulators to have -- to have standardized data on climate risk? ms. biranne: with respect to the first iss

you and senator van hollen came in.i think the holding foreign companies accountable act gave us -- we had numerous meetings with the chinese. we said to the chinese last august, a year-plus ago, that we wouldn't be willing to send the inspectors over to china to look at the audit work papers and the like unless we could get a very detailed prescriptive statement of protocol to eeffectuate the will -- effectuate the will of congress. how can we unless there's somebody in the u.s. that are ordering the auditors, so to speak, investigating. they did sign that. we thought it was important to get that signed. the pcob is sending inspectors over -- i think they're on flights tomorrow because i think it starts monday the 19th. and it takes about eight to 10 weeks to get through. so we'll probably know somewhere around thanksgiving, early december. and i don't know if the chinese are going to comply. they've told me. i mean, the ministry of finance have told me directly on webex calls and the chinese securities regulatory comm

we saw how senator van hollen dismissed the statement.we also saw how andrew carson as well, stating this falls short of any form of accountability. real accountability includes holding the soldier who killed shireen accountable, holding the person who called for pulling the trigger, and changing the entire system of this entire policy that continues to perpetuate violence against. . palestinian's amy: elie mystal, --lina abu akleh, thank you for joining us, niece of shireen abu akleh. we will continue to cover the story. again, our condolences to your family. next up, in a victory for trump, a federal judge he appointed is granted his request for special master to review classified documents the fbi seized at mar-a-lago. we will get response from elie mystal, author of "allow me to retort: a black guy's guide to the constitution." stay with us. ♪♪ [music break] amy: "babour zammar"by reem kelani. this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. with juan gonzalez. we turn now to look a possible delay b

senator van hollen just came in. you shepherded that through. i think the holding foreign companies accountable act gave us the additional leverage to work with chair williams down at the pcob. we said to the chinese last august, a year ago that we would not be willing to send the inspectors over to china to look at the audit work unless we could get a very detailed prescriptive statement of protocol to effectuate the will of congress. at its core, how can you trust the numbers in these chinese companies unless there is someone in the u. s. who is auditing the auditors, so to speak? they are inspecting investigating. they did sign that. we thought it was important to get that signed. the pcob is sending inspectors over. i think it starts monday the 19th. it takes about 8 to 10 weeks to get through. we will probably know somewhere around thanksgiving or early december. i don't know if the chinese are going to comply. they've told me the ministry of finance has told me directly. the chinese security have said they will comply. it's pretty clear th

because it is so important, senator, van hollen i prior to introduce legislation that will compliment the price cap scheme and impose mandatory sanctions on any foreign financial institutions worldwide involved with any transaction and russian oil above the price cap, the legislation will be the first major bipartisan sanction legislation that has been introduced on russia since february. i intend to work with senator van hollen to get this bill and acted as soon as possible so russia can no longer profit from the oil sales finding its war in ukraine. seven months after putin began his special operation, as he put, sits in ukraine, we ukrainians have conducted a remarkably successful campaign to liberate portions of the country from russian control, concerns harbored by china and india about putin's war have been aired publicly and gas prices in europe are actually falling down 45% since late august. who is not going as planned for putin. i saved my colleagues, now is at the time for half measures are complacency. it is time to crush the kremlin 's ability to continue this war. thank

thank you. >> thank you, senator van hollen. senator cortez masto from nevada is recognized from her office. >> thank, you mister chairman. thank you to the two speakers today. first, let me, at the very beginning, shows support for senator menendez's line of questioning around the safe thinking act. safe thinking act is about supporting small businesses in this company, which are the backbone of our economy. and it is bipartisan, has bipartisan support, i think it should be passed. i hope my colleagues feel the same way. director seitz, let me talk to you a little bit about the federal home loan bank review that is happening. now the f h f a recently announced a thorough review of the federal homeowner system. my first question, is are you aware of the proposed review? and if you are, i really have a question about whether the federal insurance office plan to monitor or participate in the review of federal home loan banks review, if it's going to happen as well. let me just put this out there. it's surprising to me to realize t

i thank my colleague and i know senator van hollen is here as well. and i'm going to be brief. and i particularly want to thank our colleague from rhode island because he has been relentless in terms of making this case day after day. and i want to put this in very personal kind of terms because all of us who have the on honor of sesqui -- have the honor of serving -- the honoring of serving in the united states senate can relate to this issue, and senator whitehouse has added add reform to his proposal that's very personal to me, and i think it embodies the accountability and the transparency that oregonians and people in minnesota and michigan and maryland are calling for. and here's how i would start it. a number of years ago i authored legislation that millions of americans now understand is called stand by your ad. and stand by your ad stipulated that as an elected official or a candidate you would have to actually put your name behind these attack ads where you go after your opponent. and now day after day in these next 50-plus days we're going to see plenty of these ads.

van hollen: thank you. i'm going to ask the chairman and ranking member to join us in getting that out. sen. brown: we were just speaking about that quietly. sen. van hollen: i appreciate that. thank you. let me ask you a couple of questions regarding capital standards in the context of climate risk. as you well know, an porton -- an important part of it is to ensure their ability to play their claims following catastrophic events. one of the concerns is that with increasing severity and frequency of extreme weather events that the risk-based capital models they overemphasize the trends of older historical data and not adequately assess your risks. so two-part question. what is the naacp doing to ensure its models incorporate the most recent and relevant climate data? in order to reflect the true risks. secondly, from a risk management and capital adequacy perspective how important is it for insurance regulators to have -- to have standardized data on climate risk? ms. biranne: with respect to the first iss

senator van hollen and i have a bill that has passed the senate, as you know. it is being considered by the house to move the deadline from three years to two years with respect to which, if they don't comply, we tell them to leave our exchanges. i think that might help if we could get that passed and appreciate your good efforts there. in my last two minutes, i want to shift gears. i want to shift gears on the climate risk disclosure. i don't mean to be critical. i'm trying to understand. i thought senator tester raise good questions. what is your best guess of the cost of compliance with your climate risk disclosure rules? >> so, one, i do support your accelerating foreign companies -- i do think it will continue to have the right leverage even if the chinese authorities, the chinese regulators allow for compliance of this year. what about next year? what about next year? i do support that. >> thank you. >> in terms of the climate rule, we lay out in this proposal all the economic analysis. i don't need to speak for the numbers, but by company -- >> what is y

senator van hollen just came in. you shepherded in that through. i think the holding foreign companies accountable act gave us the additional leverage to work with chair williams down at the pco b. we said to the chinese last august a year ago that we would not be willing to send the inspectors over to china to look at the audit work unless we could get a very detailed prescriptive statement of protocol to effectuate the will of congress. at its core, how can you trust the numbers in these chinese companies unless there is someone in the u. s. who is auditing the auditors, so to speak? they are inspecting investigating. they did sign that. we thought it was important to get that signed. the pcob descending inspectors over. i think it starts monday the 19th. it takes about 8 to 10 weeks to get through. we will probably know somewhere around thanksgiving or early december. i don't know if the chinese are going to comply. they've told me -- the chinese security asked said they will comply. it's pretty clear that no redactions in the work papers -- who

senator van hollen leads senator young for opportunities with family mobility. senator reed and collins worked together for years to strengthen the united states inter agency council on homelessness. and while it's outside the subcommittees jurisdiction, senator cantwell and senator young have had a bill to reform and expand the low income housing credit. these examples illustrate the bipartisan important work happening in the senate, and i look forward to hearing from the witnesses today about these pieces of legislation, and how we can work with everyone to try to advance some of these measures. it also must be acknowledged that the biggest factor in the rise and homelessness is the severe shortage of affordable housing, and the lack of housing supply. people sometimes have the misunderstanding that folks and upon housed because they experienced mental illness or substance use disorder, when the reality is that most people become ill because they don't have a safe, affordable place to live. in my view, the answers to provide shelter and housing first, and the

. >> senator, van hollen. >> thank you mister chairman and madame assistant secretary, it is good tosee you. this is an important topic and i have tried to dig into it. i am going to submit some questions for the record. but i want to use my time to discuss a couple issues regarding americans detained in iran. an american lawyer recently detained in the uae, and what you are doing to try to get to the full truth and accountability in the shooting death of an american journalist in the west bank. all part of your jurisdiction. i am satisfied that the administration is doing everything that i can't gain the release of the americans that are detained in iran. i have less confidence, at least at this moment, that the administration is doing everything it can to ensure due process in that case of a seam gap for. as you know, he was tried and convicted in the epstein geo, with no notice of the charges. a lunging muddy laundering. he was then arrested in dubai, on route to a family wedding in is stumble. he has been sentenced to three years and then more. he has been denied bail and denied

senator van hollen lee's legislation with senator young provide opportunities for family mobility. senator reid and senator collins have worked for years to strengthen the united states interagency council on homelessness. while it is outside the committee's jurisdiction, seminar cantwell and senator young had a bill to expand the low income tax credit. these examples illustrate the bipartisan important work happening in the senate. i look forward to hearing from the witnesses today, about these pieces of legislation and how we can work with everyone to advance some of these measures. it also must big knowledge that the biggest factor in the rise of homelessness is the severe shortage of of double housing and the lack of housing supplies. people have the misunderstanding that folks and up on house because they experience mental illness or substance abuse disorder on the reality is that most people become ill because they do not have a safe affordable place to live. the answers to provide shelter and housing first and the supportive services necessary to help people get stable and h

schumer: i ask unanimous consent that senators cardin, duckworth, kaine, schatz, schumer, van hollen and warner be authorized to sign joint resolutions through november 14, 20, 22. the presiding officer: without objection. mr. schumer: i ask unanimous consent that the senate immediately proceed to the immediate consideration of calendar 491, s. 4254. the presiding officer: the clerk will report. the clerk: calendar 491, s. 4254, a bill to amend the lobbying disclosure act of 1995 to clarify a provision relating to certain contents of registrations under that act. the presiding officer: is there objection to proceeding to the measure? without objection. mr. schumer: i ask unanimous consent the bill be considered read a third time and passed and that the motion to reconsider be considered made and laid upon the table. the presiding officer: without objection. mr. schumer: mr. president, i ask unanimous consent the senate proceed to the immediate consideration of calendar 493, s. 4524. the presiding officer: the clerk will report. the clerk: calendar number 493, s. 4524, a bill to limit

so your colleague senator van hollen on that stuff call you mention reference 1200 calls, which at the time if you did 50 by 1200 that is roughly 61,000 when we had the call. so it's totally understandable that your offices are frustrated, that the borrower who in 2020, the federal government allowed them to seek a loan product without any verification of whether they had file taxes or could demonstrate a gross sales receipt number and the cost of goods sold number integral to the economic injury calculation. and they say to us collectively, but you gave me money, therefore, i am eligible. and in the sense that their business is small, as i mentioned in the overwhelming majority of these are ten or fewer employees so they are by anybody's definition small, totally true. but in the sense that we can make a reasonable reassurance of repayment from the cash flow of the business and verify that they filed their taxes, we cannot do that. >> so i understand what you are saying, and i think we are really two ships passing in the night. we are hearing from the borrowers that the requested addi

senator van hollen from maryland is recognized. >> thank you.that is a great place to kick off from my question. i have a question about the costs and harm of doing nothing in terms of accelerating climate change but also related to the opportunities and to accelerate our transition to a clean energy economy. on the costs and harm side, since 1982, about a 40 year period, we've had 69 what we call billion-dollar climate disasters impacting the state of maryland. nearly half of those 69 have occurred in the last decade, with 19 occurring in the last five years. noaa estimates those events will cost up to $20 billion in damages to maryland. are these estimates consistent with the kind of impacts you are seeing in other parts of the country, including acceleration of these impacts? and what would you say with respect to the likelihood of these costs increasing in an accelerating way in years to come? >> thank you for the question. without a doubt, we will see costs increase as temperatures increase. we often think about climate change on the coast

senator kennedy is sitting to my left more or less and senator van hollen stopped the u.s. doc exchanged trading of foreign companies with china-based auditors to refuse to comply with our oversight loss because that law jumpstarted negotiations for the accounting oversight or signed an agreement with chinese authorities that will finally allow auditors to begin inspections. in march the person signed executive order establishing the whole of government strategy for digital assets. while agencies look at how respond to the growth of crypto can best protect americans money we know the sec continues to enforce the law. going after crypto targets shuts down creek will ponzi scheme. over the last year in the banking house and urban affairs partly look at how critical assets are used in scams and fraud to play a role in illicit finance but we heard from treasury undersecretary who testified in the presence working group. this morning to ag committee downstairs with senator smith an eye on this committee said on both these committees and is considering crypto bill sponsored by se

the timid recommendations of the van hollen nearbyian commission of the council of europe and office of the high commissioner of human rights, the o.s.c.e. high commissioner on minorities on amending the language legislation were simply ignored by kyiv. and these multilateral structures at the same time didn't find the courage or they were not allowed to convince the kyiv authorities to fulfill their obligations they undertook on the area of human rights. the ministry of education of ukraine has excluded russian and russian literature from school curriculum. books are being destroyed just as in nazi germany. and ethnic questions are being subject to intolerance. today the official from ukraine have no longer even tried to hide their anti-russian feelings calling on the killing of russians. just a few examples. the ukrainian ambassador to kazakhstan now in kyiv a month ago declared in an interview, i quote, we are trying to kill russians. as many russians as possible. the more we kill today, the fewer our children will need to kill. end of quote. did anyone notice this quote? just ear

. >> lisa, beside senator van hollen of maryland, have you been working with other american officials to obtain the justice that you are seeking for your aunt? >> yes we continue to call on all members of congress to pressure the administration to launch an investigation. we -- require u.s. state department to provide a report and to open it, so in future cases when this -- and the u.s. is automatically obliged to open an investigation, we are very thankful for all the efforts from -- that this now more than ever we need there to be -- all the spaces all these words to be -- actions that we can have accountability. and justice. but also to know that there is no other family or no other journalist who has suffered like ours has. on this journey. we are hopeful that we will continue to fight for our justice, we will not relent. >> lina thank you for joining me today. lina abu akleh is the niece of shireen abu akleh. next, we'll head to edinburgh as the queens cop and makes its way through the countryside. tryside. the new subway series menu. the greatest sandwich roster ever assembled.

i do think that senator kennedy van hollen helped us a little bit with this issue with china. we must remain vigilant to opportunities to drive greater efficiencies, integrity, resiliency across our area. first, markets work best when they are efficient. what does that mean? that means that there is competition. there is transparency in the middle of the market when we lower the cost in the middle. issuers have lower cost to raise money and investors get better returns. we have done a lot but have not updated our national market system, our equity system in 17 years. imagine if you have a more than 17 years old phone in your pocket. you would think, oh my god, maybe i should update that phone. technology moves fast. our system works best when there is integrity in the market. we have proposals to bring better integrity into the market around a special purpose acquisition companies, the insiders, trading plans, and so forth. another area is crypto, as member toomey raised. of the nearly 10,000 tokens in the market, i do believe the vast majority are securities. offers and sales

van hollen: we have discrimination based on source of income, where in certain places the majority of places around the country landlords can discriminate against people with vouchers because of the source of income. can you talk about that challenge and whether it is made more difficult if you have institutional investors with no connection to the neighborhood? dr. desmond: source of income discrimination in most counties, there is no law against just saying no to a family just because they have a voucher. evidence suggests when source of income laws are put in place , they help families get housed quicker and into better neighborhoods. with respect to institutional investors on this question, when you take the landlord and tenant relationship talked about today and put distance between folks that are working together and make the relationship purely financial, landlords do not have a lot of skin in the game to give tenants a break when their kid gets sick or they have to go to the dentist. it suggests those lawnmowers are -- landlords are going to react in an impersonal way and migh

. >> senator van hollen, my senator and neighbor. this could make a huge difference. cdfis do the hardest working community development finance. they are designed to fill the gaps that other private sector financial services, providers cannot do on their own. but they are great in partnership together, and what your tax credit proposal would do would be to build those partnerships between capitol providers and the cdfis that are there to do it. it is the cost that makes sense. to really, greatly expand the act. >> i appreciate the work. and hopefully we can move on this. i'll use my last 55 seconds for senator cantwell. section 1:13, the one that is number 94. with a very small amount of money, literally in the millions, we could start experimenting with whether we could actually -- which would be another tool to make sure we spread this capacity more. in the spirit of senator bennett, i want to go back to when he was already in the red. >> how fitting to have senator cantwell wrap this up, after leading her committee and being out on the floor, leading america and ma

van hollen, including the national intelligence commission.hese had a lack of space for enjoyment to be reduced to their underpaid -- their underpaid. my amendment was negotiated in the final chips and science act agreements. you mentioned in your written terror -- written testimony that the lack of faith has hurt participation in federal bodies. can you elaborate on how a lack of coordination hurts this and what congress can do to ensure u.s. leadership? >> thank you for that question. our work looks specifically at negotiations around the 24 gigahertz band. what occurred there was that there was no technical basis for the u.s. position that was brought to the international proceeding. that was what undermined the u.s. position, at least for some. so, our recommendations were not only for the fcc and ntia, to improve their processes, but also other federal agencies involved to ensure they are working with fcc the end ntia -- the fcc and ntia to get into the kind of work that goes into those proceedings. also made recommendations to update the

van hollen, including the national intelligence commission. these had a lack of space for enjoyment to be reduced to their underpaid -- their underpaid. my amendment was negotiated in the final chips and science act agreements. you mentioned in your written terror -- written testimony that the lack of faith has hurt participation in federal bodies. can you elaborate on how a lack of coordination hurts this and what congress can do to ensure u.s. leadership? >> thank you for that question. our work looks specifically at negotiations around the 24 gigahertz band. what occurred there was that there was no technical basis for the u.s. position that was brought to the international proceeding. that was what undermined the u.s. position, at least for some. so, our recommendations were not only for the fcc and ntia, to improve their processes, but also other federal agencies involved to ensure they are working with fcc the end ntia -- the fcc and ntia to get into the kind of work that goes into those proceedings. also made recommendations to update t

. >> thank you, senator van hollen. senator cortez masto is recognized from her office. >> thank you. chairman brown, ranking member toomey, i want to start by thanking irene bright, our stenographer who has served the senate for over 27 years. thank you for your service, and i wish you well. i also want to thank grateful member and the chairman for this important hearing. similar to what i have heard from all my comments, i am also concerned about institutional investors. and the impact that they are having, why we are seeing all of these properties being purchased. in my state, 2021, 29% of the homes purchased in the lost vegas metro area were brought by investors. my challenge is i can't tell how many are institutional. i think this has everything to do with what i heard earlier about too many al sees, not enough transparency in being able to track this. so miss yentel, can i ask you, we are from the negative impacts by these institutional investors, i'm not saying all of them, but the ones we have had in our communi

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. >> senator van hollen is recognized. >> thank you mr.hairman and all of you for being here i want to pick up a little bit on some of the question with respect to cdf eyes. on a bipartisan basis they made a major commitment to these institutions back in december as a part of the omnibus. the treasury department announced $86 million coming to maryland institutions. i want to focus on some of the banks represented with the biggest footprint in maryland and i'm familiar from our conversations. mr. moynahan, mr. rogers with what your banks are doing with respect to the cdf eyes. i would just like to ask each of you for your continued commitment to these efforts in the state of maryland. i do think they play a vital role in economic empowerment if i could just ask each of you to continue to commit to work with us. >> absolutely, senator. >> thank you for your leadership on this and we committed to continued support. >> i know city has also made investments and others have. >> we haven't had a chance to talk about these. can you talk briefly a