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Mar 9, 2016
03/16
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on federal ichl. as stated in the executive order the framers recognize that the states possess unique authorities, qualities and abilities to meet the needs of the people and should function as lavatories of democracy. that's not the case. i hope the information is helpful to the committee. thank you again. >> thank you. all right. could you hold that up? according to this december 2015 timeline by the association of air pollution control agencies there are nine clean air act deadlines for states this year alone. your testimony describes a number of these epa actions as -- i'm quoting now from your statement, "we have at best overlapping and at worst conflicting directives." can you explain how competing dms impact your department? >> thank you, chairman. it is frustrating as we seek implementation of a number of regulations in a short time frame. what we see as our program staff evaluates rules and seeks implementation, we are modeling different and often conflicting results for the same source or f
on federal ichl. as stated in the executive order the framers recognize that the states possess unique authorities, qualities and abilities to meet the needs of the people and should function as lavatories of democracy. that's not the case. i hope the information is helpful to the committee. thank you again. >> thank you. all right. could you hold that up? according to this december 2015 timeline by the association of air pollution control agencies there are nine clean air act deadlines...
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Mar 23, 2016
03/16
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CSPAN2
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taxes if there is no federal taxes and there cannot be a subsidy on federal taxes if there are no federal taxes. however, i was wondering given if independence was a possibility, what type of transition for healthcare measures will be taken on the island because the island is heavily dependent on federal funding and federal spending. so the alternative would be, my guess would probably be like a universal healthcare system, however given universal healthcare systems example in latin america were in caribbean, those have not been very successful. those that have been successful have been in europe and europe does have an interdependence of nations, so how would puerto rico independence all the sudden benefit healthcare on the island or not induce a massive migration anywhere that would be received similar to the immigration crisis that are happening all over the u.s. and europe? in terms of -- i would like to give this question to all three of you, given status will not be resolved in the next ten years in federal spending for medicaid will be over in the next year in july 2017. there has
taxes if there is no federal taxes and there cannot be a subsidy on federal taxes if there are no federal taxes. however, i was wondering given if independence was a possibility, what type of transition for healthcare measures will be taken on the island because the island is heavily dependent on federal funding and federal spending. so the alternative would be, my guess would probably be like a universal healthcare system, however given universal healthcare systems example in latin america...
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Mar 9, 2016
03/16
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described today as course of federalism -- coercive federalism. a dramatic increase in takeovers for implementation plans. traditionally, these were used as weapons of last resort, a nuclear option for states unfaithful to the partnership. , these are often used as an ousryday tool, often of dubi origin. forced toe been digest more of these takeovers then served in the past three administrations combined. states will not drop their own theosals if they expect federal government to do what it once in the end. is diminished, and the opportunity for local innovation is destroyed. cooperation should be fostered, not discouraged. we call on you to help remedy the broken marriage through amendment or ancillary legislation. states are placed in the unfair position of finding out that meals are served exclusively from the epa table. we are to be served a fixed menu without a fixed price. willingness to split the check was mitigated by a ncelthy respect and defere we received. we ask for your help in resetting the needle to the point abortion -- of origin.
described today as course of federalism -- coercive federalism. a dramatic increase in takeovers for implementation plans. traditionally, these were used as weapons of last resort, a nuclear option for states unfaithful to the partnership. , these are often used as an ousryday tool, often of dubi origin. forced toe been digest more of these takeovers then served in the past three administrations combined. states will not drop their own theosals if they expect federal government to do what it...
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Mar 19, 2016
03/16
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eye 16
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that is indicative of a federal government not doing its job. that is not even trying to do its job. one of the important things to remember, we don't have to change the laws to solve this problem. we have plenty of laws on the books. the problem is that we have a federal government and a president that does not enforce laws. what is missing is the political will. just a couple of years ago, the obama administration released over 104,000 criminal, illegal aliens. released murderers, illegal aliens with homicide convictions, roughly 400 sexual assault convictions. i have to say that i have to wonder how president obama would look in the eye of someone like steve. how do you defend the government that releases murderers? have you confront families? we had a meeting with the head of ice. when i asked her what she would say to the families of those murdered by criminal illegal aliens relead
that is indicative of a federal government not doing its job. that is not even trying to do its job. one of the important things to remember, we don't have to change the laws to solve this problem. we have plenty of laws on the books. the problem is that we have a federal government and a president that does not enforce laws. what is missing is the political will. just a couple of years ago, the obama administration released over 104,000 criminal, illegal aliens. released murderers, illegal...
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Mar 10, 2016
03/16
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on federal ichl. as stated in the executive order the framers recognize that the states possess unique authorities, qualities and abilities to meet the needs of the people and should function as laboratories of democracy. that's not the case. i hope the information is helpful to the committee. thank you again. >> thank you. all right. could you hold that up? according to this december 2015 timeline by the association of air pollution control agencies there are nine clean air act deadlines for states this year alone. your testimony describes a number of these epa actions as -- i'm quoting now from your statement, "we have at best overlapping and at worst conflicting directives." can you explain how competing dms impact your department? >> thank you, chairman. it is frustrating as we seek implementation of a number of regulations in a short time frame. what we see as our program staff evaluates rules and seeks implementation, we are modeling different and often conflicting results for the same source or
on federal ichl. as stated in the executive order the framers recognize that the states possess unique authorities, qualities and abilities to meet the needs of the people and should function as laboratories of democracy. that's not the case. i hope the information is helpful to the committee. thank you again. >> thank you. all right. could you hold that up? according to this december 2015 timeline by the association of air pollution control agencies there are nine clean air act deadlines...
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Mar 28, 2016
03/16
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there can't be a subsidy to federal taxes if there are no federal taxes. however, professor godin, i was wondering if independence while it is a possibility, what type of transition or health care measures will be taken on the island because the island is heavily dependent on federal funding and federal spending? so the alternative would be my guess would probably be like a universal health care system. however, given universal health care examples in latin america or in the caribbean, those have not been very successful and those that have been successful have been in europe and europe does have an interdependence of nations. how would puerto rico independents all of a sudden benefit health carrot island or not induce a massive migration anywhere that will be received similar to the immigration crises that are happening all over the u.s. and europe, et cetera, et cetera. . i would like to pose this question to all three of you, and given that status would be be realized in the next ten years and federal status would be over in july 2017, there has to be a
there can't be a subsidy to federal taxes if there are no federal taxes. however, professor godin, i was wondering if independence while it is a possibility, what type of transition or health care measures will be taken on the island because the island is heavily dependent on federal funding and federal spending? so the alternative would be my guess would probably be like a universal health care system. however, given universal health care examples in latin america or in the caribbean, those...
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Mar 16, 2016
03/16
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ALJAZAM
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now in syria without the federalism there will not be an in for them. so if they attend the geneva or not, what is going on the ground is the federalism that represents the region of the component of the region for the solution in syria. >> so you keep using this word federalism for certainly what the kurds want to do, do you think this is the beginning of the federalism in the country, do you think it could be a leading event? >> actually, the components they believe federalism is not just for north syria or the kurdish region and must be for them in general because the federalism and the diplomacy is going to be granted otherwise there must be another kind of, you know, system which will bring teourne for syria. >> you said preparations have been under for some time to move to a federal system for the syrian kurds, do you actually have a time and a place this will happen? >> actually they are preparing and they are discussing about making this federalism and it may be today or later according to the ending of the preparation. >> okay then thank you fo
now in syria without the federalism there will not be an in for them. so if they attend the geneva or not, what is going on the ground is the federalism that represents the region of the component of the region for the solution in syria. >> so you keep using this word federalism for certainly what the kurds want to do, do you think this is the beginning of the federalism in the country, do you think it could be a leading event? >> actually, the components they believe federalism is...
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Mar 13, 2016
03/16
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KPIX
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in our particular federation, what does the federation do? >> we have a large region as you gather geographically relative to many urban federations. in this region first of all what we do is we convene our partners and we together collaborate and plan on what the needs of the community are, how we are going to meet them. we then raise funds sometimes in collaboration with them to ensure that those needs are fulfilled. we determine what the greatest needs of community are and direct the funds in that direction. we have many ancillary services like probono consulting and capital planning for agencies looking to create buildings. in addition we have a philanthropic service arm which provides services to jewish philanthropists. >> so the bay area at large we know is so diverse and vast. the ways in which people identify, however they identify in the world, is just very complex. so how do we within our jewish community understand that complexity when it comes to our jewish community and then how the federation goes about its work? >> great questi
in our particular federation, what does the federation do? >> we have a large region as you gather geographically relative to many urban federations. in this region first of all what we do is we convene our partners and we together collaborate and plan on what the needs of the community are, how we are going to meet them. we then raise funds sometimes in collaboration with them to ensure that those needs are fulfilled. we determine what the greatest needs of community are and direct the...
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Mar 27, 2016
03/16
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authorities in order to study it and under federal law it is still forbidden. so you have to go through what researchers say is is an onerous situation, it's almost impossible to get your hands on the stuff certainly in any kind of quantity or quality we see on the streets now. very, very hard to study. beyond that the social stigma of studying it the social stigma of using it has made it difficult for people to report their marijuana use openly so it's very hard to study people and know over a long period of time how often do you smoke marijuana, how do you say it affects your life, people can't come forward with it because it's been illegal, and studies have come out outside the united states, and rumor has it that in the coming week we'll see a study that shows long term effects of people over decades. this is the first study of its kind, people have been sort of you are draw out population wide statistics about this. the idea that we say it's a perfectly harmless drug or much less harming e-ful than alcohol we just don't know nap we think so but it's anecdo
authorities in order to study it and under federal law it is still forbidden. so you have to go through what researchers say is is an onerous situation, it's almost impossible to get your hands on the stuff certainly in any kind of quantity or quality we see on the streets now. very, very hard to study. beyond that the social stigma of studying it the social stigma of using it has made it difficult for people to report their marijuana use openly so it's very hard to study people and know over a...
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Mar 29, 2016
03/16
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CSPAN3
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to ensure a high level of federal debt -- higher level of federal debt and steeper trajectory of federal debt worsen those risks. so, in addition, looking at that second bullet point -- sorry, the first bullet point, cbo estimates sustained higher deficits lead to lower gdp, lower economic output by crowding out national saving, which means it crowds out private investment. >> so our projections overtime are there despite the fact that we're improving economic conditions over the next several years. after 2019 cbo does does not tempt to predict the timing or magnitude of economic fluctuatio fluctuations. it should be interpreted as the average of likely outcomes. in other words, those averages reflect cbos projection that any cyclical strength or weakness after the last couple years would be offset or balanced by weakness or strength, such that gdp is projected to grow on average with potential in the latter part of the decade. we endeavor to set our forecast in the center of the distribution of possible outcomes. with that in mind, what that means is we see upside and downside to our fo
to ensure a high level of federal debt -- higher level of federal debt and steeper trajectory of federal debt worsen those risks. so, in addition, looking at that second bullet point -- sorry, the first bullet point, cbo estimates sustained higher deficits lead to lower gdp, lower economic output by crowding out national saving, which means it crowds out private investment. >> so our projections overtime are there despite the fact that we're improving economic conditions over the next...
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Mar 14, 2016
03/16
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as federal long-term federal practitioner, you'll hear from judges, too, there's little to address the issue of alternative sentencing. the smart on sentencing initiative is on the back end for people in prinson to modify mandatory minimums, perhaps edge courage individuals in the federal bureau of prisons to participate in rehabilitative efforts so they can reduce their time and custody but little on the front end. so up until now, these programs have really rested largely on both prosecutorial discretion, which i applaud, and judicial discretion, you know, within the law of judges do have a certain amount of discretion. n you'll hear directly from a couple of the judges. some of the judges go out on a limb. judge gleason is famous, for those that follow, have put out a number of public opinions to trying to stretch the discretion within the boundaries of the law. without further adieu, if i can ask the judges to come up. judge donald. the other exciting fact, judge donald's currently the chair of the aba criminal justice section. we'll tell you what the section is doing. in that rega
as federal long-term federal practitioner, you'll hear from judges, too, there's little to address the issue of alternative sentencing. the smart on sentencing initiative is on the back end for people in prinson to modify mandatory minimums, perhaps edge courage individuals in the federal bureau of prisons to participate in rehabilitative efforts so they can reduce their time and custody but little on the front end. so up until now, these programs have really rested largely on both...
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Mar 10, 2016
03/16
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ALJAZAM
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but there are federal standards that all d.o.t.s adhere to. my guess is, if the standard was missed on some lights, it wasn't on purpose. you know, chicago's got an old system of electromechanical as well as some other upgraded digital signal systems so i doubt if it's off by 1/10 of 1 second that was by design. >> in chicago, you would worked in other major cities and you have written a book of things that could be more effective in cities. one thing that big cities have is financial stress. chicago is experiencing it, right now, there is a budget gap of $700 million. since it began in 2003, this red light camera program has brought in more than $500 million in fines. it becomes hard to -- the guy in the story says it's like crack. it just becomes hard to get rid of it. >> well look. everybody's got an opinion on this. i mean i will tell you that yes, you know, there are revenues from it. but people make a choice every day, do they want to speed? do they want to run red lights? do they want to put other people in danger? and the fact is we lo
but there are federal standards that all d.o.t.s adhere to. my guess is, if the standard was missed on some lights, it wasn't on purpose. you know, chicago's got an old system of electromechanical as well as some other upgraded digital signal systems so i doubt if it's off by 1/10 of 1 second that was by design. >> in chicago, you would worked in other major cities and you have written a book of things that could be more effective in cities. one thing that big cities have is financial...
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Mar 19, 2016
03/16
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that is indicative of a federal government not doing its job. that is not even trying to do with job. one of the important things to remember, we don't have to change the laws to solve this problem. we have plenty of laws on the books. is, a federal government and a president that does not enforce laws. what is missing is the political will. a couple years ago, the obama administration released over 104,000 criminal, illegal immigrants. violence, sexual assault convictions. i have to wonder, how president inma would look in the eye some like steve. how do you defend the government that releases murderers? have you confront families? when i asked her what she would say to the families of those murdered by criminal illegal aliens released by her administration, she had no answer to that. in 2017, isstarting we are going to use the full force of power of the federal government to secure these borders, working in close court with state and local law enforcement. we will solve this problem, and this border will be secure. >> donald trump calling you
that is indicative of a federal government not doing its job. that is not even trying to do with job. one of the important things to remember, we don't have to change the laws to solve this problem. we have plenty of laws on the books. is, a federal government and a president that does not enforce laws. what is missing is the political will. a couple years ago, the obama administration released over 104,000 criminal, illegal immigrants. violence, sexual assault convictions. i have to wonder,...
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Mar 31, 2016
03/16
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that, the states came first, they created the federal government. lincoln had the opposite view, that the federal government actually created the states. there is ample evidence of both, the you think about declaration of independence. i wonder if any of you would like to comment on that, particularly the second issue of the states versus federal government. >> i don't think, despite the don't seeory, i lincoln as a missed assist about union, he was about democracy. not the republican experiment. remember, the founding fathers disapproved of democracy. john adams thought it was a epithet, that people could be trusted. andhe time of lincoln jackson, it is democracy, democracy, democracy. sure, they wanted to preserve the union and abolished slavery, but ultimately, what so galled him was that an election would be overturned by people deciding to leave. that they would resort to the bullet rather than the ballot. if you look at the gettysburg address and all the elements, and his reelection, that becomes the paramount theme. as for the use of governme
that, the states came first, they created the federal government. lincoln had the opposite view, that the federal government actually created the states. there is ample evidence of both, the you think about declaration of independence. i wonder if any of you would like to comment on that, particularly the second issue of the states versus federal government. >> i don't think, despite the don't seeory, i lincoln as a missed assist about union, he was about democracy. not the republican...
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Mar 28, 2016
03/16
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for federal government. current levels of coverage involve millions of enrollees of whom about 85% receive subsidies. cbo has subsidy costs at $880 billion for fiscal years 2016 through 2020. i would note while subsidies are paid to insurers and not directly to enrollees, they present a financial benefit to them. as i've stressed before, a program of this scope and scale remains inherently at risk for errors, including improper payments and fraud. accordingly, it is essential that effective enrollment controls are in place to help narrow the window of opportunity for such risk and safeguard the government's investment. against this backdrop, i'll now discuss our two principle analytical results. first, we found that cms does not track or analyze aggregate outcomes of data hub queries, either extent of which a queries agency delivers information responsive to a request or whether an agency reports that in this regard, for example, we found that ssa could not match 4.3 million queries related to names, dates o
for federal government. current levels of coverage involve millions of enrollees of whom about 85% receive subsidies. cbo has subsidy costs at $880 billion for fiscal years 2016 through 2020. i would note while subsidies are paid to insurers and not directly to enrollees, they present a financial benefit to them. as i've stressed before, a program of this scope and scale remains inherently at risk for errors, including improper payments and fraud. accordingly, it is essential that effective...
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Mar 2, 2016
03/16
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ALJAZAM
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federal guidelines say yellow lights should last 3.2 seconds. the city of chicago's department of transportation says the yellow lights are set at 3 seconds. kidwell uncovered evidence that many of the red light camera intersections had so-called yellow light intervals of less than 3 seconds, meaning more red light violations and millions more in revenue for the city. >> there's probably between half a million and a million discrete vehicle owners receiving tickets in chicago. which is staggering when you consider the population of the city is 2.8 million. >> patrick's law firm is leading a lawsuit against the city of chicago on behalf of motor tickets. >> the red light programs are a result of an unholery alliance between -- unholy alliance between for-profit companies and cash-strapped municipalities and provide the worse to both. >> terry is one of the clients. thief. >> it's doing nothing but stealing people's money. >> cater received a $100 citation after being captured going through an intersection whose yellow light interval was below 3 s
federal guidelines say yellow lights should last 3.2 seconds. the city of chicago's department of transportation says the yellow lights are set at 3 seconds. kidwell uncovered evidence that many of the red light camera intersections had so-called yellow light intervals of less than 3 seconds, meaning more red light violations and millions more in revenue for the city. >> there's probably between half a million and a million discrete vehicle owners receiving tickets in chicago. which is...
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Mar 7, 2016
03/16
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CSPAN2
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many of our people in federal probation, federal defenders, sometimes the u.s. attorney's office, and other agencies, my great from the state system to the federal system. i have been asked numerous times why can't we have a mental health court? why don't we have a drug court? this was eight or nine years ago, and the simple answer at that time was, we never have. so what we did is pilot the program with the permission of our chief judge was not really mentioning it to our other district court judges, because we have better opportunity if we ask for forgiveness, not permission. fortunately, that wasn't along with our pilot drug court program with great enthusiasm from a series of judges who, as the judge has stated, didn't like the lack of options and opportunity, even though they had seen the problem. we are now in eighth or ninth the year of behavioral health court. we now call it as well as mental health court your but because of, oh, the open-mindedness with which our judges and our probation people looked at these opportunities, we have been able to expand
many of our people in federal probation, federal defenders, sometimes the u.s. attorney's office, and other agencies, my great from the state system to the federal system. i have been asked numerous times why can't we have a mental health court? why don't we have a drug court? this was eight or nine years ago, and the simple answer at that time was, we never have. so what we did is pilot the program with the permission of our chief judge was not really mentioning it to our other district court...
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Mar 4, 2016
03/16
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register provided to the director a federalism summary impact statement. madame secretary, yes or no, did they prepare a federalism for the hydraulic fracturing rule? >> i believe we followed all of the appropriate -- >> again is a yes or that a yes or no question we have this problem each type we speak so i'm just asking did you or did you not do this? >> i'm sure we followed all of the appropriate rules. >> that you didn't because it didn't happen. they believe there will be no financial impact to the states as a result of this from your department. >> it appears that your agency was quite wrong and they alleged that the harm from this regulation would occur and as you know a federal judge has now found that there exists a credible threat of harm in the way that it lost revenue. this was on the basis of the states claiming in their briefing in the arguments that there would be lost revenue. north dakota specified there would be a conservative estimate of loss of revenue totaling over $300 million per year. in light of the statements do you believe that y
register provided to the director a federalism summary impact statement. madame secretary, yes or no, did they prepare a federalism for the hydraulic fracturing rule? >> i believe we followed all of the appropriate -- >> again is a yes or that a yes or no question we have this problem each type we speak so i'm just asking did you or did you not do this? >> i'm sure we followed all of the appropriate rules. >> that you didn't because it didn't happen. they believe there...
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Mar 26, 2016
03/16
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the progressive champion of federalism and the autonomy of the states. at the same time, brandeis embodies a bipartisan constitutional tradition that is once again gaining broad adherence among both sides of the political spectrum. from tea party and libertarian conservatives to occupy liberals. namely, he was a defender of personal and economic liberty and a foe of civilization. -- separatist nation. believes small-scale commanders were most likely to satisfy human needs and to allow citizens to develop their faculties to use as beautiful phrase in the whitney case, through the rigorous self-education brandeis that was necessary for full participation in american democracy. at a time of intense polarization between conservatives and libertarians, who prefer small government and free enterprise, and liberals and progressives, who advocate a more energetic social welfare state, brandeis is the historical figure who represents and blends the ideals of both sides of this crucial debate. endorses the jeffersonian ideal of small government and local democracy
the progressive champion of federalism and the autonomy of the states. at the same time, brandeis embodies a bipartisan constitutional tradition that is once again gaining broad adherence among both sides of the political spectrum. from tea party and libertarian conservatives to occupy liberals. namely, he was a defender of personal and economic liberty and a foe of civilization. -- separatist nation. believes small-scale commanders were most likely to satisfy human needs and to allow citizens...
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Mar 30, 2016
03/16
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CNNW
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>> i want it to go to state, yeah, absolutely. >> and federal health care run by the federal government? >> we need health care for our people. we need a good -- obamacare is a disaster. >> is that something that the federal government should be doing. >> the government can lead it but it should be privately done. >> barry, do you want to clear that up for us? >> medicare and medicaid are two of the largest chunks of health care ran by the government. >> and education, he wants that to be run by the federal government? >> no. we fund it. we fund a lot of money back to the states. he wants to block that money and now bureaucrats fine-tune it, the department of education. >> and housing? >> well, housing, you know, the mortgage industry is totally propped up by the federal government. veterans programs, all kinds of mortgage programs and the old fannie mae stuff. so federal government has its finger in everything. >> so less taxes, less government, only fund the military. look, i'm a democrat and i, of course, believe what donald trump said is absolutely correct in terms of economic secur
>> i want it to go to state, yeah, absolutely. >> and federal health care run by the federal government? >> we need health care for our people. we need a good -- obamacare is a disaster. >> is that something that the federal government should be doing. >> the government can lead it but it should be privately done. >> barry, do you want to clear that up for us? >> medicare and medicaid are two of the largest chunks of health care ran by the government....
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Mar 20, 2016
03/16
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CSPAN3
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eye 40
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on the federal side, president reagan has increased the percentage of gnp now being taken up by the federal government. the reason is obviously the traumatic increase in military spending. he has cut nutrition and education, the environment. things like that. those cuts are less than the increase in the interest rate in federal debt since he took office because of the escalating deficit he has brought on. on the corporate side, we have had more, huge corporate mergers anyhe last three years then previous time in american history. enormous oil companies taking over others to the point i think it is a call on all of us to see what we can do to strengthen antitrust laws. saying -- democrats, think of the private sector can pick up the slack insert in federal governments'programs? private,k of that a healthy economy is indispensable to everything. if you do not have a growing, healthy economy with entrepreneurship and small businesses, we will not solve anything. thatey is to make syrup the prosperity and arch for sure to make sure that the entrepreneurship is found in minorities as well. there
on the federal side, president reagan has increased the percentage of gnp now being taken up by the federal government. the reason is obviously the traumatic increase in military spending. he has cut nutrition and education, the environment. things like that. those cuts are less than the increase in the interest rate in federal debt since he took office because of the escalating deficit he has brought on. on the corporate side, we have had more, huge corporate mergers anyhe last three years...
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Mar 1, 2016
03/16
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i guess it was called a federal civilian cybersecurity campus. i know that's been talked about and finally we put $3r5 million last year. this year, there's not a request for that campus. i don't see it anywhere in the five-year plan. what happened to that $35 million? where did it get spent? or will it be spent? and where does all that fit in long range? >> the project is one that we continue to work with partner agencies to understand requirements. again, i feel like i said requirements a few times today. i apologize. but they are a key part of us defining the scope of our projects and what will be programmed as a part of the project 37s and that really has a strong impact on what's needed and necessary, as well as the timing of it. so we continue to work with those partner agencies. and once we get a better sense of what the requirements are and the programming for that activity, then we'll be able to come back with the request. those funds that you've awarded at this point would be held for that project. >> so are they being used no uh? -- no
i guess it was called a federal civilian cybersecurity campus. i know that's been talked about and finally we put $3r5 million last year. this year, there's not a request for that campus. i don't see it anywhere in the five-year plan. what happened to that $35 million? where did it get spent? or will it be spent? and where does all that fit in long range? >> the project is one that we continue to work with partner agencies to understand requirements. again, i feel like i said requirements...
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Mar 16, 2016
03/16
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FBC
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let's go straight to peter barnes from the federal reserve. >> no change in rates. the new fed economic forecast now suggested just to work order point ray kite's for this year. down from 442016. the fed lowers its gdp growth forecast for the year. it remains concerned about global economic and financial turbulence and development as these inflation stuck below the 2% target for the year because of continued low oil and import braces. they will remain data dependent, of course. this decision 921 with esther george defending. ashley: peter barnes. thank you very much. we will be checking in with you. j pawlowski. brian wesbury. our own lori roffman. the new york stock exchange. measuring how the stock market will react. let me get to the one in the studio. no big surprises. the fed does recognize the global issues. escaping inflation whether it is europe or japan. the fed tipping to the fact. it would be a mistake. >> jay, what about you. >> what janet yellen has to say in about a half an hour. >> i am interested to see what happens in the presser. i think they are s
let's go straight to peter barnes from the federal reserve. >> no change in rates. the new fed economic forecast now suggested just to work order point ray kite's for this year. down from 442016. the fed lowers its gdp growth forecast for the year. it remains concerned about global economic and financial turbulence and development as these inflation stuck below the 2% target for the year because of continued low oil and import braces. they will remain data dependent, of course. this...
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Mar 18, 2016
03/16
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CSPAN3
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federal agencies that are authorized to enforce federal law act appropriately when they take actions to hold unlawful actors accountable. however, when the federal agencies take enforcement actions with the sul purpose of changing the entire market behavior, it begins to look like a deliberate invasion of public notice and comment. public notice and comment is crucial check on the regulatory overreach and abuse of regulatory power. not only does it allow public to provide unique business insight into the marketplace, but it diversifies and balances the decision making. at the cfpb, this point is all the more important given the agency's current structure, a single unelectriced individual who can unilaterally authorize an agency action. this practice is most concerning in the auto industry market. this pushback chose to strong arm lenders into changing certain practices through media driven enforcement headlines. it chose to do this instead of allowing a transparent and process-driven by public comment. some even say they purposefully invaded the public dialogue. unfortunately this hi
federal agencies that are authorized to enforce federal law act appropriately when they take actions to hold unlawful actors accountable. however, when the federal agencies take enforcement actions with the sul purpose of changing the entire market behavior, it begins to look like a deliberate invasion of public notice and comment. public notice and comment is crucial check on the regulatory overreach and abuse of regulatory power. not only does it allow public to provide unique business...
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Mar 16, 2016
03/16
by
ALJAZAM
tv
eye 67
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it says unilateral moves like a federation aren't valid. this latest development comes as syria's government and main opposition attend talks in geneva from which the kurds were excluded. president assad's chief negotiator said he wants to keep syria together, not break it apart. >> the syria kurds are an important component of the syrian people. we are proud of them. they are proud of us. we have established our -- our state together for centuries. so betting on creating any kind of divisions among the syrians will end -- will be a total failure. >> an official in the foreign affairs director rate of kobani, one of three autonomous regions set up in syria two years ago says federalism could work across the country. >> now the [ inaudible ] north of syria, they are under the declaration of this federalism. in north syria [ inaudible ] kobani and [ inaudible ] umbrella of the [ inaudible ] administration, and under the federalism, more components are going to join, and there will be more autonomous regions, and it's not just for the north sy
it says unilateral moves like a federation aren't valid. this latest development comes as syria's government and main opposition attend talks in geneva from which the kurds were excluded. president assad's chief negotiator said he wants to keep syria together, not break it apart. >> the syria kurds are an important component of the syrian people. we are proud of them. they are proud of us. we have established our -- our state together for centuries. so betting on creating any kind of...
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Mar 16, 2016
03/16
by
CSPAN
tv
eye 51
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federal agencies that are authorized to even force federal law take appropriate action when they hold unlawful actors accountable. however when they routinely bring enforcement actions instead of bringing rule making with the sole purpose of changing market behavior it begins to look like a deliberate evasion of public notice and comment. public notice and comment is a crucial check on the abuse of regulatory power. not only does it allow the public to provide unique insight into the marketplace but balances the decision making. at the cfpb, this point is all the more important given the agency's current structure, a single individual who can unilaterally authorize action. this celebrated bureau practice is most obvious and concerning in the indirect auto industry market. in the midst of pushback, the bureau's -- on the bureau's policy position, he chose to strong arm lenders to change certain practices. it chose to do this instead of allowing a transparent and pro-- transparent process driven by public comment. some say purposefully evaded the public dialogue. unfortunately this exam
federal agencies that are authorized to even force federal law take appropriate action when they hold unlawful actors accountable. however when they routinely bring enforcement actions instead of bringing rule making with the sole purpose of changing market behavior it begins to look like a deliberate evasion of public notice and comment. public notice and comment is a crucial check on the abuse of regulatory power. not only does it allow the public to provide unique insight into the...
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Mar 29, 2016
03/16
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BLOOMBERG
tv
eye 53
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in december, the federal open market committee raised the target range for the federal funds rate. quarter by one percentage point. it's a small step. it marked the end of an extraordinary seven-year time during which the rate was held near zero to support the recovery from the worst financial crisis and recession since the depression. recognizedees action the progress the u.s. economy has made in restoring jobs and incomes of millions of americans hurt by this downturn. that theeflected economy would continue to strengthen and inflation would move up to the objective as the transitory oil prices and a stronger dollar dissipate and the labor market improves further. in decembere stated and reiterated at two subsequent meetings that it expects the economic conditions to evolve in a manner that would warrant gradual increases in the federal funds rate. in my remarks today, i will explain why the committee increasess gradual are likely to be warranted. emphasizing that this guidance should be understood and the the committee anticipates will be appropriate to achieve the objectives co
in december, the federal open market committee raised the target range for the federal funds rate. quarter by one percentage point. it's a small step. it marked the end of an extraordinary seven-year time during which the rate was held near zero to support the recovery from the worst financial crisis and recession since the depression. recognizedees action the progress the u.s. economy has made in restoring jobs and incomes of millions of americans hurt by this downturn. that theeflected...
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Mar 3, 2016
03/16
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CSPAN3
tv
eye 24
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it's in federal waters. it's not in state waters -- >> wait a minute, you said that flare gas were all americans. but i thought that was americans -- >> public lands are owned by all americans. there's a 50% revenue share. >> okay. >> when it's within the boundaries of a state, there's a revenue share. when it's outside the boundaries of the states there's not a revenue share until -- >> is that because the offshore energy production doesn't act our coast? whe >> you're impacted both from environmental consequences and also economic opportunity, there are $17 billion i believe for gulf coast restoration -- >> madam, secretary, you raised the same thing last time. that's because of law, you can't -- you can't say that we lose money because bp is now paying their fines and penalties. so, madam secretary, i have to tell you, i'm offended. lot of people in the gulf coast are offended. right now, we have lost 25% of our oil and gas work force in the state of louisiana. 25%. to add insult to injury, you proposed a
it's in federal waters. it's not in state waters -- >> wait a minute, you said that flare gas were all americans. but i thought that was americans -- >> public lands are owned by all americans. there's a 50% revenue share. >> okay. >> when it's within the boundaries of a state, there's a revenue share. when it's outside the boundaries of the states there's not a revenue share until -- >> is that because the offshore energy production doesn't act our coast? whe...
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Mar 20, 2016
03/16
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CSPAN
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eye 31
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we've had a federal government that does not do its job. and i'll tell you it's striking whether you're in arizona or texas when you visit with landowners, when you visit with ranchers, when you visit with those on the border, the answers you hear are the same. , e uncertainty, the threats people crossing your land regularly with impunity, the unwillingness to go up and confront them because if you confront them, you're taking your life in your hand. and also the question that i ask every conversation i have particularly with those on the border is how do we solve this problem? far too many in the media suggest we cannot solve the problem. that sa lie. we know how to solve this problem. what's missing is the political will. what's missing is we have a president to that has the illegal upport immigration. morale in the border patrol could not be lower than it is right now. when you have a president, when you have political operatives that oppose your mission who punish you when you enforce the law. it becomes very difficult to do your job an
we've had a federal government that does not do its job. and i'll tell you it's striking whether you're in arizona or texas when you visit with landowners, when you visit with ranchers, when you visit with those on the border, the answers you hear are the same. , e uncertainty, the threats people crossing your land regularly with impunity, the unwillingness to go up and confront them because if you confront them, you're taking your life in your hand. and also the question that i ask every...
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Mar 19, 2016
03/16
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CSPAN3
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eye 34
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federal debt collection practices act and federal unfair and deceptive practices. we have open matters on that in the courts and i think that's all quite appropriate. >> so you have -- missouri has caught your attention as far as the abuses are concerned of consumers. >> very definitely. >> thank you for that. you know, as it relates to estimating the ratio or ethnic impact of auto discrimination, to your knowledge, do any statistical methodologies exist that eliminate all false positives and false negatives? >> i'm not a social scientist but it seems to me unlikely that in any field of social science or natural sciences, that that's easily possible. but i wouldn't claim to be an expert. >> okay. if republicans have concerns about using estimates for race or ethnicity, shouldn't congress just tell auto finance companies to start collecting this data as agmda does for mortgages? wouldn't that eliminate the need for estimation? >> actually, it would. yes. i believe so. >> okay. are proxy methodologies used in other civil rights enforcement contexts? >> have been for
federal debt collection practices act and federal unfair and deceptive practices. we have open matters on that in the courts and i think that's all quite appropriate. >> so you have -- missouri has caught your attention as far as the abuses are concerned of consumers. >> very definitely. >> thank you for that. you know, as it relates to estimating the ratio or ethnic impact of auto discrimination, to your knowledge, do any statistical methodologies exist that eliminate all...
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Mar 12, 2016
03/16
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CSPAN2
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eye 70
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>> yes and also federal agencies. so it isn't just the epa but other agencies as well that the standards. >> we have other federal issues with the corps of engineers in bureau of land management and many other federal agencies we believe are infringing on states' rights. that is the answer. >> how much time does add add when you are reading regulations with different agencies piling on those regulations i give you an example with that clean air program is in it for though whole state and we take to of those people when it first came out to do commons to figure out what was going on and basically we process around 80 air quality permits per month. en to take out of that process. >> given your testimony you talk about the epa rules to regulate coal ash to preempt the existing solid waste permit to end it is my understanding with the state solid waste management plan are you concerned about the timing for that? >> very much we always believed it was for that environment but it was a host of new requirements that somehow
>> yes and also federal agencies. so it isn't just the epa but other agencies as well that the standards. >> we have other federal issues with the corps of engineers in bureau of land management and many other federal agencies we believe are infringing on states' rights. that is the answer. >> how much time does add add when you are reading regulations with different agencies piling on those regulations i give you an example with that clean air program is in it for though...
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Mar 19, 2016
03/16
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CSPAN
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eye 32
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that is indicative of a federal government not doing its job. that is not even trying to do its job. one of the important things to remember, we don't have to change the laws to solve this problem. we have plenty of laws on the books. the problem is that we have a federal government and a president that does not enforce laws. what is missing is the political will. just a couple of years ago the , obama administration released over 104,000 criminal, illegal aliens. , illegalmurderers aliens with homicide convictions, roughly 400 sexual assault convictions. say that i have to wonder how president obama would look in the eye in some like of someone like steve. how do you defend the government that releases murderers? have you confront families? we had a meeting with the head of ice. when i asked her what she would say to the families of those murdered by criminal illegal aliens released by her administration, she had no answer to that. well the answer starting in 2017 is that we are going to use the full force of power of the federal government to
that is indicative of a federal government not doing its job. that is not even trying to do its job. one of the important things to remember, we don't have to change the laws to solve this problem. we have plenty of laws on the books. the problem is that we have a federal government and a president that does not enforce laws. what is missing is the political will. just a couple of years ago the , obama administration released over 104,000 criminal, illegal aliens. , illegalmurderers aliens with...
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46
Mar 16, 2016
03/16
by
BLOOMBERG
tv
eye 46
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alan blinder, does the federal reserve want to see a weaker dollar? i think if they thought they could wave a magic monde, they would, but a weaker dollar probably comes, in this context, from a looser monetary policy. they are not looking to project a looser monetary policy, except in very little. blinder, my quick math, this is a fed modeling under 4% nominal gdp. dovetail our economic growth with our new caution on inflation. we saw this from mr. osborne today in the u.k. it's becoming a habit of dampening down nominal gdp. how does chair yellen adapt to that reality? frankly, the fed looks at nominal gdp, but they do not really fixate on that. they are looking at the two components. you have an inflation component and a real growth component. i do not think chair yellen and most other members of the fed think there is a virtue in adding them up and looking at that summary number. inflation is coming in a little 2 likely, pce inflation, real growth probably a little above 2. the puts you right around 4% mark for nominal gdp, but i don't think that
alan blinder, does the federal reserve want to see a weaker dollar? i think if they thought they could wave a magic monde, they would, but a weaker dollar probably comes, in this context, from a looser monetary policy. they are not looking to project a looser monetary policy, except in very little. blinder, my quick math, this is a fed modeling under 4% nominal gdp. dovetail our economic growth with our new caution on inflation. we saw this from mr. osborne today in the u.k. it's becoming a...
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Mar 17, 2016
03/16
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CSPAN
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cordray: a common aspect of federalism in our system is that there may be federal regulation and state regulation. mr. neugebauer: what is your definition of preemption then? mr. cordray: preemption is when the froth overrides state law and invalidates state law. mr. neugebauer: so my state has a five-day cooling off period you say that 60 is the new norm, then haven't you preempted my state? mr. corcray: you could say the same about securities law, states have securities laws to protect people that are investing, the federal government have laws as well. they coexist. they don't necessarily jive in every particular. mr. neugebauer: so here's the question, these 37 states have gone out there, they've had hearings, they've had, you know, debates on the floor, they've passed laws, what do you know that they don't know? mr. cordray: you could say anything about any of these laws, the telecommunications act, states regulated that for years and the federal government had authority, congress gave authority and they acted -- mr. neugebauer: i'm sorry, mr. chairman. one last. if you brought th
cordray: a common aspect of federalism in our system is that there may be federal regulation and state regulation. mr. neugebauer: what is your definition of preemption then? mr. cordray: preemption is when the froth overrides state law and invalidates state law. mr. neugebauer: so my state has a five-day cooling off period you say that 60 is the new norm, then haven't you preempted my state? mr. corcray: you could say the same about securities law, states have securities laws to protect people...
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Mar 2, 2016
03/16
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CSPAN3
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eye 32
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will go through the federal energy regulatory -- >> the process of creating a non-federal entity, a shell corporation, basically? >> that is not part of the regulatory process. that's a creation by the states of california and oregon. >> i'm out of time, mr. chairman. thank you. >> thank you, mr. chair. and thank you, madam secretary for being here and for answering all our questions. i want to talk about coal. and i want to thank you for pushing the pause button on federal coal leasing while you take a long overdue review, long needed review of the program. you've said before that this sort of thing, this kind of pause has been done multiple times in the past and i believe by republican administrations. is that right? >> yes, that's correct. both under nixon and reagan. >> so both under nixon and reagan, it's been done before. we've had a bipartisan precedent for this pause, and you've made it clear that this will not impact existing operations. even with a pause on new coal production, since coal companies now hold, i believe, approximately 20 years' worth of coal under lease. but
will go through the federal energy regulatory -- >> the process of creating a non-federal entity, a shell corporation, basically? >> that is not part of the regulatory process. that's a creation by the states of california and oregon. >> i'm out of time, mr. chairman. thank you. >> thank you, mr. chair. and thank you, madam secretary for being here and for answering all our questions. i want to talk about coal. and i want to thank you for pushing the pause button on...
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36
Mar 18, 2016
03/16
by
CSPAN
tv
eye 36
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federal agencies that are authorized to even force federal law take appropriate action when they hold unlawful actors accountable. however when they routinely bring enforcement actions instead of bringing rule making with the sole purpose of changing market behavior it begins to look like a deliberate evasion of public notice and comment. public notice and comment is a crucial check on the abuse of regulatory power. not only does it allow the public to provide unique insight into the marketplace but balances the decision making. at the cfpb, this point is all the more important given the agency's current structure, a single individual who can unilaterally authorize action. this celebrated bureau practice is most obvious and concerning in the indirect auto industry market. in the midst of pushback, the bureau's -- on the bureau's policy position, he chose to strong arm lenders to change certain practices. it chose to do this instead of allowing a transparent and pro-- transparent process driven by public comment. some say purposefully evaded the public dialogue. unfortunately this exam
federal agencies that are authorized to even force federal law take appropriate action when they hold unlawful actors accountable. however when they routinely bring enforcement actions instead of bringing rule making with the sole purpose of changing market behavior it begins to look like a deliberate evasion of public notice and comment. public notice and comment is a crucial check on the abuse of regulatory power. not only does it allow the public to provide unique insight into the...
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Mar 21, 2016
03/16
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CSPAN
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eye 34
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federal judges do. brian: gabe roth, when you first get the idea to start an organization called fix the court? gabe roth: thanks for having me on. about two years ago i was working with the reporters committee for the freedom of the press. with them, i put together something called the coalition for court transparency. it was a single issue group with five or six clients. i was a part of a consulting firm in d.c., and the issue was ending the broadcast media in the federal judiciary. so, from the district level to the court of appeals level up to the supreme court, we got about 20 different groups together and pressed various different forms as lobbying, media, it going on tv, programs like this, trying to get cameras in the supreme court. and, after doing a number of that c-span covered, i realized it wasn't just the issue of a lack of broadcast media inside the courtroom that made the supreme court very opaque. it wasn't just the cameras issue. it was the fact that they don't follow the same ethics r
federal judges do. brian: gabe roth, when you first get the idea to start an organization called fix the court? gabe roth: thanks for having me on. about two years ago i was working with the reporters committee for the freedom of the press. with them, i put together something called the coalition for court transparency. it was a single issue group with five or six clients. i was a part of a consulting firm in d.c., and the issue was ending the broadcast media in the federal judiciary. so, from...
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24
Mar 13, 2016
03/16
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CSPAN
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eye 24
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federal law just makes it harder. federal laws must raise money in complex ways to do this and it minimalize is what they do and their byzantine rule that uses voters to register and get them to the polls. they make a good living off of this but i know we want to encourage more volunteers and they do to and we can change some of these things. another problem is federal election activities. it is very broad and it captures basic grassroots work which is intended to help candidates and local state elections. because of this, parties have to spend regulated money on traditional grass roots work. we were told simply telling voters to vote on november 8 and precinct 12 counts as federal election activity. so you leave off the part about when and where to vote. we want parties to be doing this. we want to beginning voters to the polls. in our view, parties could do even more of this. why does it have to be restricted to these mccain feingold rules? the public good is providing candidates and a renegade candidate like trump
federal law just makes it harder. federal laws must raise money in complex ways to do this and it minimalize is what they do and their byzantine rule that uses voters to register and get them to the polls. they make a good living off of this but i know we want to encourage more volunteers and they do to and we can change some of these things. another problem is federal election activities. it is very broad and it captures basic grassroots work which is intended to help candidates and local...
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47
Mar 23, 2016
03/16
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CSPAN2
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eye 47
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whether a recent law of a public utilities from federal vagrancy lot. more broadly to seek judicial recognition of the constitution of corresponding federal law. and for better or worse the the existential moment franklin is also the existential moment but with respect to their potential and economic liability. the stakes could not be higher and also across the street in congress are they are currently taking place to recognize that conversation is ongoing with the legal issues to be discussed. next several talk about cases in the pipeline including the united states one case i am currently litigating in the supreme court and refiled the petition last month in rio are seeking to reverse the circuit decision to hold that congress has the power to turn citizenship on and off but the case involves american samoa. and with a historical opportunity that the cases are themselves. but the district court relies on a similar expansive interpretation with the most recent decision to recognize a fundamental right to marriage equality because it was the unincorpora
whether a recent law of a public utilities from federal vagrancy lot. more broadly to seek judicial recognition of the constitution of corresponding federal law. and for better or worse the the existential moment franklin is also the existential moment but with respect to their potential and economic liability. the stakes could not be higher and also across the street in congress are they are currently taking place to recognize that conversation is ongoing with the legal issues to be discussed....
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49
Mar 31, 2016
03/16
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CSPAN3
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eye 49
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that, the states came first, they created the federal government. lincoln had the opposite view, that the federal government actually created the states. there is ample evidence of both, the you think about declaration of independence. i wonder if any of you would like to comment on that, particularly the second issue of the states versus federal government. >> i don't think, despite the don't seeory, i lincoln as a missed assist about union, he was about democracy. not the republican experiment. remember, the founding fathers disapproved of democracy. john adams thought it was a epithet, that people could be trusted. andhe time of lincoln jackson, it is democracy, democracy, democracy. sure, they wanted to preserve the union and abolished slavery, but ultimately, what so galled him was that an election would be overturned by people deciding to leave. that they would resort to the bullet rather than the ballot. if you look at the gettysburg address and all the elements, and his reelection, that becomes the paramount theme. as for the use of governme
that, the states came first, they created the federal government. lincoln had the opposite view, that the federal government actually created the states. there is ample evidence of both, the you think about declaration of independence. i wonder if any of you would like to comment on that, particularly the second issue of the states versus federal government. >> i don't think, despite the don't seeory, i lincoln as a missed assist about union, he was about democracy. not the republican...
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Mar 29, 2016
03/16
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CNBC
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in december the federal open market raised the federal funds rate. the main policy rate by one quarter percentage point. the small step marked the end of an extraordinary seven year period during which the federal funds rate was held near zero to support the recovery from the worst financial crisis and recession since the great depression. the committee's action recognized the considerable progress that the u.s. economy had made in restoring the jobs and incomes of millions of americans hurt by the downturn. it also reflected an expectation that the economy would continue to strengthen and that inflation, while low, would move up to the fomc's 2% objective as the transitory influences of lower oil prices and a stronger dollar gradually disapate and as the labor market improves further. in light of the expectation the committee stated in december and reiterated at the two subsequent meetings that it expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate. in my remarks today i will ex
in december the federal open market raised the federal funds rate. the main policy rate by one quarter percentage point. the small step marked the end of an extraordinary seven year period during which the federal funds rate was held near zero to support the recovery from the worst financial crisis and recession since the great depression. the committee's action recognized the considerable progress that the u.s. economy had made in restoring the jobs and incomes of millions of americans hurt by...
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Mar 17, 2016
03/16
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KQED
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eye 41
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the federal reserve is in no rush to raise interest rates. the central bank held rates steady for the second straight meeting and said it would increases them more gradually than previously forecast. policymakers say soft global growth and financial market volatility pose risks to their economic outlook. recent economic data shows some firming. this morning we learned core consumer prices which exclude food and energy rose .3% last month, that was more than expected and the notion that the fed will delay some rate increases sent stocks higher and bond yields higher. the dow jones industrial average gained 74 points to 17,325. the nasdaq added 35 and the s&p 500 rose 11 to its highest level this year. steve liesman reports on why the fed seems uncertain about the economic recovery. >> reporter: a dovish federal reserve kept interest rates unchanged in its march meeting and suggested it would be very cautious about future rate hikes. in fact, it slashed the number of hikes it forecast this year with the average number of rates, the committee no
the federal reserve is in no rush to raise interest rates. the central bank held rates steady for the second straight meeting and said it would increases them more gradually than previously forecast. policymakers say soft global growth and financial market volatility pose risks to their economic outlook. recent economic data shows some firming. this morning we learned core consumer prices which exclude food and energy rose .3% last month, that was more than expected and the notion that the fed...
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28
Mar 16, 2016
03/16
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ALJAZAM
tv
eye 28
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the group wants a federal region under kurdish control. they are said to hold three quarters of the border already. it's a about 800 kilometers long. it is a huge geographic call area. the declaration has been rejected by the syrian government and the opposition as well as turkey. ankara says it supports a united syria, and unilateral moves simply aren't valid. this latest development comes as the syrian go and the main opposition attend talks in geneva, which the pyd is not attending. one of three autonomous areas set up by kurdish groups two years ago, a representative says the situation could work. >> the situation in north syria is going to be very soon, and now the representatives of the components of the north of syria, they are making meetings and [ inaudible ] declaration. [ inaudible ] umbrella of the administration and under the federalism, more components are going to join, and there will be more autonomous regions, and these regions are going to [ inaudible ] according to the diversity of the region to be -- to share with the m
the group wants a federal region under kurdish control. they are said to hold three quarters of the border already. it's a about 800 kilometers long. it is a huge geographic call area. the declaration has been rejected by the syrian government and the opposition as well as turkey. ankara says it supports a united syria, and unilateral moves simply aren't valid. this latest development comes as the syrian go and the main opposition attend talks in geneva, which the pyd is not attending. one of...
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49
Mar 17, 2016
03/16
by
CSPAN
tv
eye 49
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if the federal law requires me to wear a belt and the federal law requires me to wear suspenders, i will comply with both laws. f you take the position that the state legislators are in best position to provide this, you should repeal dodd hch frank. when we passed the law establishing this cfpb, we decided that in addition to following state law, which might provide a two-day period, there could -- there will also be an additional federal law. now you can say that a state that decides to have no regulation in a financial area has made a conscious decision that that is the best policy for that state. but we passed a federal law to say that there will be standards. preempt is when you tell a company they don't have to comply with state law. supplement is when you say, you have to comply with the state law plus you must comply with the federal law. mr. cordray, thank you for all ou do. art of what you do is coming here to congress so we can comment on what you do. nd perhaps help you do an even better job. mr. cordray: i think i just learned from you a little bit, o i appreciate that. mr.
if the federal law requires me to wear a belt and the federal law requires me to wear suspenders, i will comply with both laws. f you take the position that the state legislators are in best position to provide this, you should repeal dodd hch frank. when we passed the law establishing this cfpb, we decided that in addition to following state law, which might provide a two-day period, there could -- there will also be an additional federal law. now you can say that a state that decides to have...