urging the regulatory agencies to implement dodd frank relief permissions, -- dodd frank reg relief regulations why do you think it , needs to proceed more quickly. do you think there is any risk that implementing these things quickly could risk fostering financial instability within the system? rep. mchenry: the heart of the question is what we passed in the last congress, which was 10 years after dodd frank was signed into law, we passed senate bill 2155 which is now law that rebalance dodd frank, took the most egregious aspects of dodd frank and sanded them down. the threshold for being considered a significant financial institution and therefore higher regulations, that was raised, and there is a bipartisan agreement. a number of things that can form with the sanding off of the rough edges of dodd frank, that bill got two thirds vote in the senate, and was signed into law. it is a bipartisan concept and process, and now the regulators need to move quickly to provide relief for community financial institutions, which is the focus of this change. big banks are under the same regul

obviously been on the front lines of urging the regulatory agencies to implement dodd frank reg relief provisions. spurred us, a, what that, why do you think this needs to proceed more quickly. whether you think there is any risk that implementing could risk quickly fostering some kind of financial instabilities within the system? rep. mchenry: the heart of the question is what we passed in the last congress, which was 10 years after dodd frank was signed into law, we passed senate bill 2155 which is now law which rebalanced dodd frank. egregious most aspects of dodd frank and i would say sanded them down. the threshold for being considered a significant and, cial institution therefore, having higher regulations, that was raised and bipartisan agreement on that. a number of things that can form with the sanding off of the rough edges of dodd frank, that bill got two thirds vote in the senate, got a wide bipartisan and signed house into law. it is a bipartisan concept and process, and now the regulators need to move quickly to provide relief for community financial institutions, which i

implement dodd frank relief permissions, -- relief provisions. i'm curious why you think this needs receive more quickly and whether you think there is any risk that implementing these things quickly could risk fostering financial instabilities within the system. rep. mchenry: the heart of the question is the bipartisan bill we passed last congress which was 10 years after dodd frank was signed into law, we passed senate bill 2155 which is now law that rebalance dodd frank, took the most egregious aspects of dodd frank and sanded them down. the threshold for being considered a significant financial institution and therefore higher regulations, that was raised, and there is a bipartisan agreement. a number of things that can form with the sanding off of the rough edges of dodd frank, that bill got two thirds vote in the senate, a wide senate, a wide bipartisan support in the house. we have lost a third ofept and community banks in this country over the last 10 years. a third of them. that is a significant thing. it is devastating for local communities. urban and urban and rural are e

is what we passed in the last congress, which was 10 years after dodd frank was signed into law, we passed senate bill 2155 which is now law that rebalance dodd frank, took the most egregious aspects of dodd frank and sanded them down. the threshold for being considered a significant financial institution and therefore higher regulations, that was raised, and there is a bipartisan agreement. a number of things that can form with the sanding off of the rough edges of dodd frank, that bill got two thirds vote in the senate, and was signed into law. it is a bipartisan concept and the regulatorsw need to move quickly to provide relief for community financial institutions, which is the focus of this change. big banks are under the same regulatory challenges as under dodd frank. these were agreements we could reach for the smaller institutions. understandingisan because we see the stats. we have lost a third of community banks in this country over the last 10 years. a third of them. that is a significant thing. it is devastating for local communities. we see a community bank or institutio

oversight over this bureau, a bureau that they created themselves in the dodd-frank law. i would submit that my democrats friends' frustrations should not be directed at former acting director mick mulvaney or current director kathy kraninger. it's the flawed structure that they themselves created and now stubbornly defend. today's legislation does absolutely nothing to address the fundamental structural flaws of the consumer financial protection bureau, which could be remedied on a bipartisan basis with simple reforms that my republican colleagues and i supported since the bureau's creation and i think many of my democratic friends, now that the leadership has shifted and there is a new administration and new appointees at the leadership, i think they're having regrets about the structure they originally created. what would be the reforms we should all together as a body on a bipartisan basis support? a bipartisan commission, subjecting the bureau to congressional appropriations. my legislation, the taking account of bureaucrats spending act, which would restore the power of the purse

over this bureau, a bureau that they created themselves in the dodd-frank law. i would submit that my democrats friends' frustrations should not be directed at former acting director mick mulvaney or current director kathy kraninger. it's the flawed structure that they themselves created and now stubbornly defend. today's legislation does absolutely nothing to address the fundamental structural flaws of the consumer financial protection bureau, which could be remedied on a bipartisan basis with simple reforms that my republican colleagues and i supported since the bureau's creation and i think many of my democratic friends, now that the leadership has shifted and there is a new administration and new appointees at the leadership, i think they're having regrets about the structure they originally created. what would be the reforms we should all together as a body on a bipartisan basis support? a bipartisan commission, subjecting the bureau to congressional appropriations. my legislation, the taking account of bureaucrats spending act, which would restore the power of the purse over thi

. -- was anan who hired admirer of frank lloyd wright and wanted to build in the style of him and build eventually over 10,000 homes in california altoding 2700 here in palo . this is one of those tracks. tose homes were developed the lifestyle of what california thought it would be like following world war ii, open style, glass, plenty of glass, the backyards you can't see from havetreet, the backyards glass that open out into the garden, so the transition between inside and outside is minimized. or a tough time in the united states for minorities -- were a tough time for minorities in the united states. we experience of his problems. housing, quite often developers shunal estate agents would our diver the attention of minority buyers away from their homes. joseph eichler refused to play this game, and he was going to sell his homes to anybody who had the appropriate funds. a lot of the young employees at hewlett-packard and other companies in the stanford industrial park who were minority, whether asian or black, had the resources and he was happy to sell his homes to them. the reside

highlight a fellow named cavener? david: frank was an interesting guy and was the committee council for the house american activities community in 1952 and had been a counsel earlier in the period when the more famous investigation of communists in hollywood was conducted. he came from woodstock, virginia, out in the shenandoah valley. he was sort of a product of the bird machine out there. and right after world war ii served as the acting general counsel for the u.s. mission at -- war o war trials crimes try bunal and trying the chinese that were responsible. brian: talking about the idea of having a counsel interview somebody and in this case he was counsel and asked your father -- david: he did all the questioning. the committee members would participate as well but most of the tough questioning was done by the committee counsel and the way it worked. brian: fifth amendment. david: you invoke the fifth amendment to not testify against yourself. it's written into the constitution of the united yet historically, people have used the fifth amendment or they define by saying that mea

judge and then got elected to congress from that congressional district up there. frank was really an interesting guy. counsel for the house un-american activities committee in 1962. earliereen a council during the famous investigation of communists in hollywood. from woodstock, virginia, out in the shenandoah valley. right after world war ii he served as the acting general counsel for the u.s. mission at the tokyo war crimes tribunal, trying to japanese who were responsible for the atrocities. aian: the idea of having council interview somebody from the committee, and this case he was counsel. he asked her father -- >> the committee members would participate as well, but most of the tough questions -- was done by the council. that was the way worked. amendment, you can invoke the fifth amendment to not testify get yourself. it's written into the constitution of the united states. historically, people abuse the fifth amendment -- but the point is not whether your guilty or innocent, it's that you have the right not to be browbeaten into confession. brian: how often did your proper

. questioner: hi, tom frank from e&e news. the secretary talked about how the short-term forecasts are getting more accurate. how accurate is this forecast and given that you're talking about a pretty wide range of the potential number of storms, what's its value to the public? >> we issue our ranges of activity, name storms, hurricanes and major hurricanes, with a 70% likelihood. they're not the entire ranges of activity we've seen during past years with similar climate conditions and uncertainties to this year, but given that we issue the ranges with a 70% likelihood, that means we expect them to verify about 70% of the time. or about seven in 10 seasons. mr. bell: that's what we see. that those numbers really locked in in 2008, 2009 period, and have been sustained since we started getting very sophisticated climate models like the global forecast system, climate forecast system from noaa. we now have significant modeling efforts from the dynamics lab at noaa. so the bottom line is, we verify each of those ranges we expect to be accurate in seven out of 10 seasons. and they are. ques

to mourn the passing of norman frank, a fire police officers and member of the willow street fire company. after responding to a crash this past weekend, norman fell ill and then passed away at lancasterer general hospital. it was a tremendous loss to our community and certainly even more so to his wife, marion, and today we remember her in our thoughts and prayers and wish herer comfort and peace in this time of mourning. norman will be remembered as a giving man, being described by willow street fire company chief, as someone who would do anything for you. norman was also considered an author of -- on the history of the willow street fire company. he lived a life in service to the community. as a a member of the fire service and ambulance company since the 1980's. when he moved to maryland, he served there at the st. michaels volunteer fire company. after returning to lancaster county resumed his service once again at the willow street fire company. even at age 81 norman still selflessly served his community. his spirit of volunteerism, his spirit of giving, should be an example

with somebody who was not afraid of them like that. and so both chairman wood and frank tavener, they both had southern accents and sensibilities, both came out of racist backgrounds so when they said or tried to say negro, which is what blacks were called then, whether consciously or subconsciously, it would come out negra. coleman young went nuts against that and said, you know, that's not how you pronounce it. it's negro, not negra, and then from then on, sort of developed more and more control over the questioning, so that he wasn't taking anything from them about, you know, any of those issues. about, you know what it meant to be an american, when he and millions of african-americans were second class citizens, denied the right to vote. he talked about his experiences in world war ii when he was kicked out of an officer's club even though he was an officer because he was black. he really sort of made a powerful argument against them. and when it was over, he said, he told this to studs who interviewed him, walking through the streets of detroit it was like joe louis coming

lamb: you highlight a fellow named tavener? david maraniss: frank was really an interesting guy. committee counsel for the house unamerican activities 1952.tee in he had been on the counsel when r during the period the more famous investigation of hollywood was conducted. e came from woodstock, virginia, out in the shenandoah valley. product of the bird machine out there, and, after world war ii, he served as the acting general ounsel for the u.s. mission at the tokyo war crimes tribunal. sort of trying the japanese who were responsible for the atrocities. brian lamb: what's interesting, we're going through the idea of having a counsel interview from the committee, and in this case, he was counsel, father -- d your david maraniss: he did all the questioning. he committee members would participate as well, but most of the tough questioning was done committee counsel. that was the way it worked. brian lamb: fifth amendment. fifth araniss: the amendment is the right -- you invoke the fifth amendment to testify against yourself. the written into constitution of the united states. kn

comport with the evidence. and so we'll spend about 15, 20 minutes hearing from joel and frank about the genesis of the volume, then we'll go into a panel on the first volume and then we will take a little coffee break, and then move forward. so, joel, enjoy. joel: thank you very much. thank you very much, seth and thank you to the members of the operation iraqi freedom study group who are here. i think half the audience is members of the team. but it was certainly an honor and a privilege to help to lead this project. origins of the project lie in a conversation that the generals had around christmas time 2012 where they then as chief of the army and centcom commander, having both been three-star and four-star commanders in iraq, remarked to one another that the army needed to capture the lessons and the history of those campaigns, while it was still fresh on the minds of army leaders. they themselves were just a couple of years, they knew, from moving on out of the army, and so while they were in a position to bring it about, they wanted to establish a history project. general austin w

any lifetime. the bureau of financicial protection, or cfpb was established by the 2010 dodd-frank wall street reform and consumer protection act in response to this crisis. the cfpb is tasked with implementing and enforcing federal consumer financial laws while ensuring consumer access to fair, transparentd competitiveinancialnd services. cordray, the cfpb returned over $12 million to consumers who fell victim to deceptive practices. handed over 1.2 million financial complaints. reigned in payday lenders. combating discrimination in lending, and held a number of bad actors accountable. under this administration the cfpb's leadership ordered a number of changes that weekened its ability to protect consumers. this included firing members of the consumer advisory board and reducing the size of the board. this hurt the cfpb's ability to help and protect consumers. the board's experts helped inform the cfpb about emerging practices and trends in the consumer finance industry and share analysis and recommendations. it helps ensure the government fully leverages expertise of those from o

going out -- $4 trillion going out. host: clarksburg, west virginia. frank. what happened in west virginia? 2016.: this goes back to the southern part of the state, it was really, really bad. fema, fromart is, what i understand, there was $3.5 million sent down there. this is richwood, west virginia. they only spent $400,000 to help the people. if you go onto the site for the state auditor here, they had where under indictment $3.5 million was stolen. it's just crazy. there's other towns in west getinia still fighting to their homes built after they were tore down. shouldn'ton is people steal money for disasters. look that up. have a good day. host: phyllis in fort lauderdale. caller: hi. say the united states government needs to make sure this money is being spent properly on the things that it should be spent on. there's a lot of corruption in puerto rico. it is taxpayer money. i want to make sure there's someone looking out for this money. host: jennifer shutt talked about the guardrails put into this $19 billion disaster aid package to oversee those funds going to artery go --

ii under the command of general frank ma rmp ro with. good germ, huh? that's what they say. are you better? just about as good. although private schaefer perished in the battle of burma, his deep love of country endures with us today. his grand nephew, senior chief schaefer. er, daniel cheers and applause] and i want to thank you very uch for the incredible job you've done. you picked a couple of people that are outstanding. please say a couple of words. >> thank you, mr. president. this is amazing. to recognize my family and others have families that served as well. memorial day is that time when we honor our fellow americans who paid the ultimate sacrifice. thank you for all my shipmates and fellow marines. it's a great day. thank you, mr. president. cheers and applause] president trump: two great jobs. and that's not easy. they don't they're coming up. you had no idea. they didn't choke. we don't like chokers, do we? we don't like chokers. on thm memorial day in the united states, americans are concluding a sacred day of remembrance, reflection and prayer. citizens all across the

learn more about parental controls, the xbox controller. these demonstrations were followed by a frank conversation with our senior executives about online safety. i would like to thank you, mrs. trump, for your leadership and focus on shining a spotlight on digital safety and your care and commitment. microsoft is pleased to join you in this effort. we remain focused on working to carry this critical message of online safety forward. thank you. [applause] >> it's my pleasure to introduce eric, the third of this trilogy. >> thank you so much, first lady, president and vice president, cabinet secretaries and what a beautiful group of young people, young smiling faces. it was labor day weekend 2017, beautiful friday night. my wife and i were driving home, we had a nice dinner, 10:30 at night. my cell rang and as a parent, your stomach drops. the girl on the other line was crying. i said kayla, a girl he was dating at the university of colorado, is he still alive? and through her tears she said no. my wife pulled the car over to the side of the road and she spilled on to an active roadway

legendary command of general frank merrill. good general. pretty good, right? that's what they say. are you better? just be as good. although private schaefer sadly perished in the battle of burma, his deep love of country and yours and -- deep love of someone veryes and special is with us today, his grandnephew, chief petty officer daniel schaefer. where is daniel? [applause] pres. trump: i want to thank you very much for the incredible job you have done. picked a couple of people that are outstanding. please say a couple of words. >> thank you, mr. president. this is amazing that you have recognized my family. i know a lot of others have family that served as well. memorial day is the time where we honor our father americans who paid the ultimate -- honor our fellow americans who paid the ultimate sacrifice. thank you to my shipmates and fellow marines who are out here today. it is a great day. thank you, mr. president. [applause] pres. trump: two great jobs, and that's not easy. he did not know he was coming up. you have no idea, did you? they didn't choke. we don't like chokers

. got it. right there. frank: frank from silicon valley and washington, d.c. i wanted to know your perspective on the epidemic of fake news and how it is affecting national security. i like how you say you are here from silicon valley, just representing the whole valley. [laughter] yeah,lotkin: the, uh, so, this is a huge concern, and obviously michigan was particularly targeted with a lot the lastssian ads in election, so i spent a lot of time looking at those ads and how they were targeted. thatate from that, i think people are losing faith in the way that they get their news. seepingee this, like, into places like academia. i represent michigan state university, and i have done open forums there where a master student will ask, how do you get smart on issues? well, i go to trusted sources, breed of online, and ask smart people. but he says "how you know those sources are true?" and this young person feels like he has to question every source, many of them legitimate, before he can actually take it as fact, and that is scary, right? that is scary. similarly, we have now still vep

very frank as many people were but we were very frank on the cbs evening news about when the president was lying and when he was not. then the president called cbs news and others the enemy of the american people. soso i was invited with some otr anchors to have lunch with the president a couple of weeks later and i said, mr. president, i'm concerned about the enemy of the american people. i mean, attack the press, please do. but that kind of thing might incite some poor, deranged individual to go into a local tv station or newspaper and shoot the receptionist because she's the enemy of the american people. and he actually looked up at the ceiling and thought for a second and he looked me in the eye and he said, i don't worry about that. that's a direct quote. now, i thought, ok. he's performing for the table. i get it. there's an audience of 12 people here, etc. so i pulled him aside after the lunch, very privately and i said, no seriously, mr. president. i'm veryoncerned about the violence problem and i hope you'll think about it he said ok, i'll think about it. well, he di

standing. if you worked in the administration or campaigns of evan bayh and frank o'bannon, would you please rise? on evan bayh's senate staff or his campaigns, please rise. if you are the offspring of any of these people -- [laughter] see, katie moore is right. none of us would be here if it wasn't for birch bayh. now the rest of you, please stand as you are able and rise for the invocation, presentation of the colors in the pledge of allegiance which will be led by general george buskirk. as you recite the words of the pledge, i urge you to consider it as much a prayer as it is an oath. reverend harrison jones. >> we extend to you our love and sincere condolences. the late senator was good friends with one of our former pastors, so the members of witherspoon join you today in prayer and reflection. let us bow our heads and pray to the lord our god. god, our dwelling place in all generations, we gather in solemn remembrance of the life and legacy of one who dared to dream, and who stood as a moral witness to the high ideals of our nation's democracy. ofre can be no discussion musical

companies across the united states. jessica franks will be the following speaker. she's director of government relations for the edison electric institute or e.e.i. the trade association for investor owned electric power companies. jessica covers appropriations, education and work force issues for e.e.i. before that she was a government affairs representative at hallucinate perton and she worked for speaker john boehner and speaker paul ryan. our last speaker is kennelly farmer. she's the associate director for the affordability and energy efficiency division for the district of columbia. she's responsible for the management of the district's property sessed clean energy program, the weatherization assistance program and another program. we have a terrific panel and -- but the intent is to provide you with a perspective on energy poverty in the united states and how it's being addressed. not just through one program but through a partnership of states, utilities and local governments all working together to help low-income families pay their energy bills. a couple of things when thi

the house, frank pallone. [ applause ] >> thank you, senator schumer. when i listened to speaker speaker pelosi talk about cutting your teeth in the house, remember we started the message group >> >> that's right. >> a long time ago. what i have to say is pretty straight forward. we have heard loud and clear from our constituents that they're sick of the skyrocketing costs for prescription drugs and for health care premiums. and a big part of that has been because president trump has sabotaged the affordable care act, and so we have legislation as part of this package that came out of the energy and commerce committee that basically says that you cannot sell these junk plans for a year or up to three years. and that makes it very difficult for people who have preexisting conditions, because they don't get the kind of coverage they need. it also brings back the outreach and the navigators so people know what they're buying. it also makes it so states can move to state marketplaces instead of federal, because we know that those state marketplaces sell premiums that are a lot less e

. these demonstrations were followed by a very frank and authentic conversation with our senior executives about online safety. look, i'd like to once again thank you, mrs. trump, for your leadership and focus on shining a spotlight on digital safety and your care and your commitment for the next generation. microsoft is also pleased to join you in effort. we remain focused on working and partnering with others to carry this critical message of online safety forward. thank you. [applause] and now it's my pleasure of introducing the third of this trilogy, eric bolling. [applause] thank you very much. thank you, doctor, toni, and thank you so much, melania trump, first lady, president, vice president, cabinet secretaries, kellyanne, and what a beautiful group of young people, young, smiling faces. it was labor day weekend 2017, it was a beautiful friday night. my wife and i were driving home. we had a nice dinner, it was about 10:30 at night. my cell rang, and as a parent your stomach drops. the girl on the other line, on the line was crying. i don't know why i immediately went th

challenging moment in the americas. now. certainly challenging to be frank, i am concerned by the direction u.s. policy toward the american -- the americas has taken. a policy that begins with constructing a wall on our southern border, and at dividing us from our neighbors in the south does nothing but alienate the united states from the region or alienate the region from the united states. policy that cuts off aid, that turns our back on anticorruption efforts, that keeps out migrants stokes tradeand wars does not help anyone. it leaves america standing alone. stateses the united hobbled dealing with some of the most important issues facing the region, whether that is curbing the influence of china, of putting our best foot forward in promoting a peaceful democratic transition in venezuela. i also believe there are bright spots and key opportunities. today i would like to provide my quick assessment of the state of play in the hemisphere. let me begin by offering some reflections from a recent congressional delegation which i read to colombia, el salvador, and mexico. this is th

with the regulation of dodd frank and the like. guest: i am very sympathetic to small banks who feel that they really have suffered in the last few years from the burden of regulation. it was much more costly for them than for the big banks. but right now, when i say to the small banks -- what i say to the small banks is, don't look backwards. saying no more regulation, less regulation, the answer is actually, it has to be smart regulation. the questions that are coming at the regulators are really complicated, like, how are you going to figure out what is an algorithm? who owns everybody's data? will we have open banking where you can submit your data to anybody want the way they have in europe and the u.k.? those questions require a different mindset. and by the way, they require our seven regulators will the small business ranking to work together -- small business banking to work together, to streamline and simplify. host: is that a problem in itself, that there are seven regulators just for that aspect of small business? guest: yes, it is. it is too difficult for a bank right no

challenging now. to be frank, i am concerned by the direction u.s. policy of the region. building a wall on the border does nothing but alienate the united states from the region or the region from united states. a policy that cuts off aid and turns are back on anticorruption efforts, that keeps out migrants and refugees and stokes trade wars does not help united states citizens or anyone else, it leaves america standing alone. most important, it leaves the united states hobbled in dealing with some of the most important issues facing the region, whether that is curbing the influence of china or putting our best foot toward a transition in venezuela. i would like to provide my estimate of the state of play in the hemisphere. let me begin by offering some reflections from a recent congressional delegation which i led to columbia, el salvador, and mexico. this is the first delegation i let as chairman of the foreign affairs committee and i felt it was crucial to make our region my first stop to demonstrate congress's commitment to the americas. i will start with my visit to el salvador. ou

higher, according to the report. let's talk to frank, who is calling from harrison, tennessee. frank, good morning. caller: good morning. the problem that we are having here in middle tennessee, and i would like to say i am a full-time farmer, have been for nearly 50 years, is that urban sprawl is creating a problem for us, generating tremendous increase in the value of our land and property taxes, of course there is nothing that can be done about that, but that is a problem. labor is another problem. it is hard to find good, dependable labor. the third thing is, i know the , most of thern folks, i kind of gather the way y'all are talking this morning's trade policy. i am a firm believer, have been for years, that the government stay out of -- do away with all of our subsidy programs, which contrary to what most people think, is not that much to help us out, and do away with all of the subsidies, and let us have our own free trade. let us trade with whomever we want to, and let us negotiate our own prices. host: now, frank, first of all, tell us where you are. you say middle tennesse

to someone who has not had a question yet. we will come back to you. frank: i am with the arkansas democrat dissent. jason, you said when someone is an, making as much noise is good. what about americans be held in syria? what is the best approach for them? jason: i would say, if thery are an american citizen, the best approach is raising it. you do not expect the regimes to do the right out of the goodness of their heart. you expect them to do the right thing when pressured by the u.s. government to do the right thing. anne: did that not backfire with a case? mouaz: that case was not public. public after she was executed. anne: it was after the check ambassador, on the behalf of the she wasernment -- executed the next day. wanted the syrian regime had to make the point there could get away with it. czech ambassador in the u.s. the department approached it, it did not work. -- theestor met with ambassador met with her. a couple of days later, she gets a two day trial and she is executed. coupled -- be raising it publicly. hope, god willing that are alive, and they will come back ho

franking machine in the post office works not, and president carter says, i was just working to my cabinet this morning about the problems of your machine. if you push this button and reset, the machine will work great, mrs. jones in the post office in kansas or somewhere. and that, how much does the president run everything is always the question. what i like about coolidge, i will say, he delegated ferociously. he really didn't like the tax policy that andrew mellon planned, particularly, because he thought it might raise too much money, and then congress would have money and the government would grow. andrew mellon, the treasury secretary, told him it was a good tax policy for economic growth, so he said ok. that model is very rare nowadays, the refraining president. kind of interesting. harold: in the lincoln era, as strongly as he led the government, as identified as he became as the spokesperson for the effort to quell the rebellion and reunite the country, the cabinet was almost like the israeli cabinet is now. if lincoln had a policy decision he wanted to make, like the emancipatio

, the bill will immediately proceed to final passage as amended. the dodd-frank act created the consumer financial civil penalty fundh the bureau deposits civil penalties that collects from wrongdoers. civil penalties should be used exclusively to make victims of financial consumer crimes whole. we should track down actual victims of fraud. however, current law allows the bureau to use this account as a slush fund. we should give the money back to the victims. this motion would put an end to the conversation pb slush fund. this motion requires them to do the right thing, give the money to the victims. . . mr. steil: the cfpb's ability to take away penalty funds and use them in unaccountable ways is unparalleled among financial regulators. where does this money go? both the government accountability office and the federal reserve's inspector general, which oversees the cfpb, found that the cfpb lacked internal procedures. the cfpb lacks accountability. the cfpb lacks transparency. where does this money go? let's put an end to the slush und at the bureau. let's redirect where this money be

for our panel to be here. i was involved when this committee passed legislation to alter. frank. tooccurred on a street -- alter dodd frank. it became clear that the opportunity to make some substitute changes in the regulatory environment for lenders would not occur. there weren't 60 votes on the senate to accomplish that. we spent two years trying to figure out among republicans and democrats on this committee what we could accomplish. the result was senate bill 2155. i was pleased for what i thought would be the outcome of senate bill 2155, it consequences to lenders, the recipients. unfortunately, when i talked to kansas lenders today and asked what were the consequences of 2155, it is a bit of a shrug of shoulders. hope that something is going to happen. haven't seen much relief. i was also pleased to see the republicans and democrats -- i want this committee to function, and i was pleased to see that we can find among ground and pass legislation on an important topic that affect the country. if the end result of what i have seen to date on 2155 is the final result, then in

of them because what we saw was when there was a similar issue with debit cards with the dodd frank years ago the durbin amendment basically capped interchange fees on debit cards, meaning how much money merchants pay the credit card cardnies when you use that . those fees are basically used to help pay for things like credit card rewards. once that cap was put on debit cards, debit card rewards essentially became extinct. they are still around a little bit but you kind of have to work to find them. the fear is that something similar to that would happen with credit card rewards if there was a severe rate cap. that would be a really big deal. sharon host: host: is in san marco's, texas. caller:caller: i have nothing to say except to call and correct something one of your callers said. he accused representative ocasio-cortez of having a 430 credit score et cetera et cetera, that was quickly fact checked. you go to snopes and commentary post that says ocasio-cortez -- it is very long and detailed investigation of this story and labeled it completely false. i want to make certain that

. barney frank led the way inside. but the outside groups mobilizing, mobilizing. and under president obama, we salute him, we were able in the congress in the majority to pass the repeal of don't ask, don't tell and putting that into the dust bin of history, successful because of the activism of our outside groups and advocates and then the horrible defense of marriage act. i don't know what marriages they were defending, defense of marriage that was proposed by some of our colleagues on the other side of the aisle, the supreme court gave us that answer about justice in our country. and then ending the hateful ban on transgender military service. this congress, this has been a scene where we have fought the fight on legislation, fought the fight presenting the case in the court of public opinion and to bolster the case in the supreme court. and on this monumental day, my houghts with phyllis lyon, meantors to so many of us in san francisco about civic engagement, some of that civic engagement related to lgbtq rights. they were an inspiration to many of us. when people say to me, it's

. so anything that will get this even on the debate stage, even to promote barney frank, that is a good thing, so that's a good idea. second, it has raised the ambition of the scope of what is necessary here. building a clean energy car has raised people's ambition level. and three, it has brought more people into the discussion. the first victims of climate change are usually people living in poverty, the poor who live next to the freeway and breathe withl smoke, and have kids an epidemic of asthma. so bringing in communities of color, those who have been the victims, and indigenous communities, but we have to realize we have to develop a suite of concrete, specific, tried proposals that we know will work when the rubber meets the road. andave to design the rocket not just say we are going to the moon. tomorrow i will rollout the first tranche of my clean energy proposal that will give us 100 percent clean electricity and the transportation sector that is clean and the building sector that will be doing what is being done in our state, which will be concrete, specific proposals. at thi

name is rare admiral frank morley and i have the privilege of moderating this very unique and critical discussion. before i introduce our panel members, i want to offer a bit of context to our discussion today. if not all of the world security establishments, i think, recognize that we are at a historic inflection point, that the atypical moment in great power stability is waning and we are entering a new familiar yet certainly with different challenges period of great power competition. this type of world and security challenge really brings back to navy and maritime and maritime power in general, and as we all know, no one navy can do it alone and history has certainly taught us that those navies that can work together for common goals proved to be the most successful. our collective partners and strategic collective center of gravity and that's why i feel this is the most vital discussion today. 's sea,me of this year necessary is agility, enabler for a successful and .otent navy with that, let me introduce our panelists upfront and then i will handed over to them for comme

. a great day. last year, we rolled back the dodd-frank regulations that were crippling local banks, leaving -- that millions of small business owners and homeowners rely on. i did not know this was a banking convention. i thought this was a real estate convention. what you know, you know what was happening to bankers, right? crusheders were being and they are being threatened. and these are people that are phenomenal. they were being destroyed. are oncel lenders again thriving. free to invest in our communities and help more families enjoy the experience and pride of homeownership. the press does not give me credit for anything, no matter what i do. who cares. the people know. that is why i have to go through go withent source and our social media stuff which is quite powerful. but they are very dishonest. right now, we are dealing with iran. out so many false messages that iran is totally confused. that might be a good thing. they put out fake news. they put out messages. that i am angry with my people. i am not angry. i make my own decisions. i am worse than they are. they are wo

, hosting us. and thank you to frank. it is a real pleasure to be back in chicago. when i was a consultant, i lived .t what bash in state i worked between clark and dearborn, i guess i was between onroe. and state on m block commute, which i cannot even replicate in south bend, and it is great to be back here in spectacular weather, as amounted to buy our midwestern standards. if you get on lakeshore drive and take off on i-95 about an hour and a half later you are in our hometown. there are many great people here who know south bend very well. there is more than that, come on. [laughter] [applause] mayor buttigieg: one thing i find myself doing as mayor is explaining south bend a little bit to people who don't know our city, we know perhaps one thing about our community, which is magnificent university of notre dame, which although it sits technically outside of city limits, we are very happy to claim. because of that, people sometimes assume that we must be a tidy, wealthy, homogenous college town, which is of course not our story. our story is that of a company out fort had t