The most recent programs for the Senate Committee - Business & Commerce type. http://www.c-spanvideo.org/browse?browse=format&id=52 en-US Copyright 2013, National Cable Satellite Corporation info@c-spanarchives.org (National Cable Satellite Corporation) info@c-spanarchives.org (National Cable Satellite Corporation) Wed, 22 May 2013 00:00:00 GMT Sat, 25 May 2013 10:05:52 GMT Senate Committee - Business & Commerce Anthony Foxx's testified about his nomination to become secretary of transportation. He was introduced by North Carolina Senators Kay Hagen and Richard Burr. http://www.c-spanvideo.org/program/312896-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312896-1 Wed, 22 May 2013 00:00:00 GMT Acting Commissioner Steven Miller, former Administrator Doug Shulman, and Inspector J. Russell George testified about revelations that the Internal Revenue Service (IRS) had applied additional scrutiny to groups applying for tax-exempt status that had the words "Tea Party" or "patriot" in their names.  http://www.c-spanvideo.org/program/312878-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312878-1 Wed, 22 May 2013 00:00:00 GMT Legal experts testified on the findings of a Senate Homeland Security and Governmental Affairs Subcommittee on Investigations report that showed how subsidiary Apple companies in Ireland allowed the corporation to avoid paying U.S. taxes on some of its profits. http://www.c-spanvideo.org/program/312884-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312884-1 Wed, 22 May 2013 00:00:00 GMT Treasury Secretary Jack Lew testified on the recently approved Financial Stability Oversight Council's (FSOC) annual report. In addition to questions about the FSOC report, Secretary Lew discussed the IRS' scrutiny of non-profit groups. http://www.c-spanvideo.org/program/312885-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312885-1 Wed, 22 May 2013 00:00:00 GMT Acting Commissioner Steven Miller, former Administrator Doug Shulman, and Inspector J. Russell George testified about revelations that the Internal Revenue Service (IRS) had applied additional scrutiny to groups applying for tax-exempt status that had the words "Tea Party" or "patriot" in their names.  http://www.c-spanvideo.org/program/312878-2 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312878-2 Wed, 22 May 2013 00:00:00 GMT Apple executives testified on the findings of a Senate Homeland Security and Governmental Affairs Subcommittee on Investigations report that showed how subsidiary Apple companies in Ireland allowed the corporation to avoid paying U.S. taxes on some of its profits. http://www.c-spanvideo.org/program/312884-2 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312884-2 Wed, 22 May 2013 00:00:00 GMT In an executive session, the Senate Health, Education, Labor and Pensions Committee voted 12-10 along party lines to confirm the nomination of Thomas Perez to become secretary of the Department of Labor. http://www.c-spanvideo.org/program/312782-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312782-1 Wed, 22 May 2013 00:00:00 GMT The Senate Health, Education, Labor and Pensions Committee held a nominations hearing for five National Labor Relations Board (NLRB) members, including Mark Gaston Pearce for NLRB chair. Much of the hearing related to the constitutionality of President Obama's recessa ppointment of three of the nominees. http://www.c-spanvideo.org/program/312797-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312797-1 Wed, 22 May 2013 00:00:00 GMT Francis Collins testified on the fiscal year 2014 budget request for the National Institutes of Health (NIH). He used computer displays during his testimony. The directors of five NIH subsidiary institutes also testified. Topics included the difficult choices presented by budget cuts and the importance of the dissemination of publicly-funded research as well as the risks of its misuse. Also discussed was the Obama administration's BRAIN Initiative (Brain Research through Advancing Innovative Neurotechnologies, also referred to as the Brain Activity Map Project). Dr. Collins said that it was too early to know the cost of the initiative but the science could lead to innovations in brain diseases like Parkinson's and Alzheimer's and new treatments for traumatic brain injuries. http://www.c-spanvideo.org/program/312764-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312764-1 Wed, 22 May 2013 00:00:00 GMT Witnesses testified on safety and liability issues related to new vehicle technologies, including self-driving cars, driver assistance systems, and communications devices. http://www.c-spanvideo.org/program/312765-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312765-1 Wed, 22 May 2013 00:00:00 GMT The Senate Agriculture, Nutrition and Forestry Committee debated and approved the "farm bill," a package of legislation passed once every five years that governs agriculture, forestry, and nutrition policies. http://www.c-spanvideo.org/program/312734-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312734-1 Wed, 22 May 2013 00:00:00 GMT The Senate Homeland Security and Governmental Affairs Committee held a hearing on the nomination of Brian Deese for deputy director of the Office of Management and Budget.*Topics included tax reform and health care financing. http://www.c-spanvideo.org/program/312697-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312697-1 Wed, 22 May 2013 00:00:00 GMT Treasury Secretary Jacob Lew testified on his department's fiscal year 2014 budget request. http://www.c-spanvideo.org/program/312625-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312625-1 Wed, 22 May 2013 00:00:00 GMT Interior Department officials testified on their department's fiscal year 2014 budget request and answered questions regarding activities under their jurisdiction. http://www.c-spanvideo.org/program/312597-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312597-1 Wed, 22 May 2013 00:00:00 GMT Richard Cordray outlined a number of developing rules and initiatives under consideration at his agency, the Consumer Financial Protection Board (CFPB). In his testimony he said the CFPB had no interest in accessing personal financial data on individual consumers. Other topics included agency info-gathering, rural lenders, student aid, and the CFPB's consumer complaint line. http://www.c-spanvideo.org/program/312316-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312316-1 Wed, 22 May 2013 00:00:00 GMT Admiral Robert Papp and Kathryn Sullivan testified on their fiscal year 2014 budget requests for the respective agencies, the U.S. Coast Guard and National Oceanic and Atmospheric Administration (NOAA). Both talked about the impact of sequestration budget on readiness and the ability to perform important missions of their agencies. http://www.c-spanvideo.org/program/312319-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312319-1 Wed, 22 May 2013 00:00:00 GMT Thomas Perez, nominee for secretary of the Department of Labor, testified at a nomination hearing held by the Senate Health, Education, Labor and Pension Committee. Mr. Perez told the committee his top priority if confirmed as Labor Secretary would be "job, jobs, jobs." http://www.c-spanvideo.org/program/312221-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312221-1 Wed, 22 May 2013 00:00:00 GMT Sylvia Mathews Burwell testified before the Senate Budget Committee on her nomination for director of the Office of Management and Budget. She stressed that if confirmed she would be committed to getting the budget to Congress on time. http://www.c-spanvideo.org/program/312003-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/312003-1 Wed, 22 May 2013 00:00:00 GMT The Senate Homeland Security and Governmental Affairs Committee held the first hearing on the nomination of Sylvia Burwell to be director of the Office of Management and Budget. Ms. Burwell, president of the Walmart Foundation, previously worked on the Obama-Biden transition team, advising on banking issues, and during the Clinton administration served in positions including deputy chief of staff to the president and deputy budget director. Ms. Burwell said her priority would be getting the nation's fiscal house in order through a balanced approach and engagement with all sides. Senator John D. Rockefeller IV introduced the nominee. http://www.c-spanvideo.org/program/311989-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/311989-1 Wed, 22 May 2013 00:00:00 GMT Executives of American Airlines and U.S. Airways as well as anti-trust and consumer advocates testified on the proposed merger between the two airlines. Chair Amy Klobuchar (D-MN) and Ranking Member Mike Lee (R-UT) wanted a thorough review of past mergers and their impact on prices, service, and fees. http://www.c-spanvideo.org/program/311601-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/311601-1 Wed, 22 May 2013 00:00:00 GMT Former and current JPMorgan Chase executives testified about the practices that led to the firm's $6.2-billion "London Whale" trading losses during a hearing of the Senate Homeland Permanent Subcommittee on Investigations. The hearing attempts to uncover how much top JPMorgan officials knew about the huge risks its traders were taking on complex derivative instruments. http://www.c-spanvideo.org/program/311541-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/311541-1 Wed, 22 May 2013 00:00:00 GMT The Senate Permanent Subcommittee on Investigations questioned representatives from the Office of the Comptroller of the Currency, the primary banking regulator. Senate investigators had been looking into whether the OCC failed to press esecutives at JP Morgan Chase for details about the London trades that led to the firm's $6.2-billion "London Whale" trading losses. http://www.c-spanvideo.org/program/311541-3 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/311541-3 Wed, 22 May 2013 00:00:00 GMT The Senate Budget Committee marked up the Senate fiscal year 2014 budget proposal. http://www.c-spanvideo.org/program/311491-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/311491-1 Wed, 22 May 2013 00:00:00 GMT The Senate Budget Committee marked up the Senate fiscal year 2014 budget proposal. http://www.c-spanvideo.org/program/311491-2 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/311491-2 Wed, 22 May 2013 00:00:00 GMT The Senate Budget Committee marked up the Senate fiscal year 2014 budget proposal. http://www.c-spanvideo.org/program/311491-3 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/311491-3 Wed, 22 May 2013 00:00:00 GMT Senate Budget Committee members considered a budget proposal for fiscal year 2014 presented by Chairman Patty Murray (D-WA). The plan would raise revenues by approximately $1 trillion while subsequently reducing spending by the same amount. http://www.c-spanvideo.org/program/311463-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/311463-1 Wed, 22 May 2013 00:00:00 GMT The Senate Banking Committee held a hearing on the nominations of Mary Jo White to become chair of the Securities and Exchange Commission (SEC). and Richard Cordray to continue leading the Consumer Financial Protection Bureau. http://www.c-spanvideo.org/program/311441-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/311441-1 Wed, 22 May 2013 00:00:00 GMT Ben Bernanke testified on the U.S. economic outlook for the year and the future of economic growth. In his remarks he defended the U.S. central bank's bond-buying stimulus, urged lawmakers to avoid sharp spending cuts set to go into effect by the end of the week, and spoke about successful efforts to curb inflation to stimulate the economy. The first 15 minutes of the hearing were devoted to executive committee business. http://www.c-spanvideo.org/program/311156-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/311156-1 Wed, 22 May 2013 00:00:00 GMT Robert Greenstein and Douglas Holtz-Eakin testified on the U.S. economic and budgetary outlook. Hr. Holtz-Eakin cited entitlement spending as an area needing reform. Mr. Greenstein recommended a more gradual approach to spending cuts than the automatic budget sequestration scheduled for March 1, 2013. Congressional Budget Office Director Douglas Elmendorf was present as scheduled but provided only written testimony due to time constraints. http://www.c-spanvideo.org/program/311181-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/311181-1 Wed, 22 May 2013 00:00:00 GMT Senator Charles Grassley explained why he would vote against the nomination of Jack Lew to be secretary of the treasury. The nomination of Jack Lew was approved by a vote of 19-5 during an executive session of the Senate Finance Committee held at the beginning of a hearing titled "The Budget and Economic Outlook: Fiscal Years 2013 to 2023." http://www.c-spanvideo.org/program/311181-4 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/311181-4 Wed, 22 May 2013 00:00:00 GMT Obama administration cabinet officials testified on the impact of sequestration on their departments. Some of the services that would be cut included Agriculture Department inspections, airport customs, special education programs, and Transportation Security Administration agents. Secretary Donovan said that veterans receiving housing assistance would be displaced. Secretary Napolitano said that maintaining national security would be huge problem. Travelers passing through customs would face longer wait times. Mr. Werfel said that food inspections would be cut, leading to greater economic pressures and rising food prices. "Sequestration," a legal procedure in which every federal agency has the same percentage of its budget cut in order to take back deficit spending, was agreed to in the Budget Control Act of 2011 and scheduled to happen on March 1, 2013. http://www.c-spanvideo.org/program/310989-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/310989-1 Wed, 22 May 2013 00:00:00 GMT Government regulators testified on the implementation of the 2010 Dodd-Frank financial regulations law. There was occassional applause, such as when Senator Warren said that she was concerned that "too big to fail" was too big for trial. http://www.c-spanvideo.org/program/310990-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/310990-1 Wed, 22 May 2013 00:00:00 GMT A climate scientists, an economist, and ranchers and farmers testified on the effects of extreme weather on agriculture. http://www.c-spanvideo.org/program/310992-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/310992-1 Wed, 22 May 2013 00:00:00 GMT The Senate Finance Committee held a hearing on White House Chief of Staff Jack Lew's nomination as secretary of the treasury. Mr. Lew answered questions on tax reform, sequestration budget cuts, his knowledge about the terrorist attacks on the U.S. Consulate in Benghazi, Libya. In his testimony he said that he saw no conflicts of interest from his Cayman Island investment while serving as Citigroup's chief operating officer. http://www.c-spanvideo.org/program/310944-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/310944-1 Wed, 22 May 2013 00:00:00 GMT Witnesses testified on the financial problems and long-term viability of the U.S. Postal Service. The hearing happened one week after Postmaster General Patrick Donahoe announced plans to end Saturday letter delivery in an effort cut costs. The chair and ranking member of the House Oversight and Government Reform Committee testified, disagreeing on whether the postmaster general's announced move to a five-day letter delivery service was the right one, but saying they believed a bipartisan-bicameral deal was within reach. Mr. Donahoe detailed the postal service's financial problems and said that according to his attorneys he does have the constitutional authority for his plans. Union leaders and representatives of private industry that rely on Saturday letter mail service protested his plan. http://www.c-spanvideo.org/program/310977-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/310977-1 Wed, 22 May 2013 00:00:00 GMT Douglas Elmendorf testified on the 2013 federal budget and economic outlook. He predicted that economic growth would be slow during the year while unemployment would remain high, in part because of spending cuts that Congress would be forced to enact to avoid sequestration. Additionally, the CBO estimated that although the deficit would drop in 2013, it would rise back up to $1 trillion because of entitlement spending for an aging population. "Sequestration," a legal procedure in which every federal agency has the same percentage of its budget taken back in order to cut deficit spending, was agreed to in the Budget Control Act of 2011 and scheduled to happen on March 1, 2013. http://www.c-spanvideo.org/program/310947-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/310947-1 Wed, 22 May 2013 00:00:00 GMT Retirement specialists testified on the state of workers' retirement funds. According to a Senate Health, Education, Labor and Pensions Committee study, the difference between what Americans had saved for retirement and what they should have was $6.6 trillion, and half the population had under $10,000 in savings. Committee Chair Harkin spoke about his proposal for a privately retirement plan that would make it easier for employers to offer retirement plans without additional risk. Witnesses recommended automatic enrollments in work-based plans and increased contributions, especially as people age. Other topics included simplifying the system and financial literacy education. http://www.c-spanvideo.org/program/310711-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/310711-1 Wed, 22 May 2013 00:00:00 GMT Alabama, California and Louisiana Port Authority officials testified about the state of U.S. ports and harbors. They urged Congress to change the Harbor Maintenance Trust Fund (HMTF) to allow excess funds to be used to update America's ports and harbors. http://www.c-spanvideo.org/program/310712-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/310712-1 Wed, 22 May 2013 00:00:00 GMT Witnesses testified on the accuracy and regulation of consumer credit reports. They discussed were the practices of credit reporting agencies, the low number of consumers who request their credit reports, the impact of medical debt on credit scores, and the dispute process. http://www.c-spanvideo.org/program/310025-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/310025-1 Wed, 22 May 2013 00:00:00 GMT Witnesses testified on the increase in off-exchange trading, often referred to as "dark pool trading" or the buying or selling of large quantities of stocks in private exchanges. The existing legislation was examined and possible changes to regulations to prevent major market disruptions were discussed. Also discussed was fairness, transparency, and a level playing field for all types of investors. http://www.c-spanvideo.org/program/309997-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/309997-1 Wed, 22 May 2013 00:00:00 GMT Small Business Administration (SBA) employees and local officials from New Jersey and New York testified on the impact to small businesses of Hurricane Sandy. Much of the hearing was focused on the amount SBA takes to process loan applications and disbursements, and SBA loan interest rates. Hoboken Mayor Dawn Zimmer urged Congress to approve supplemental funding for New Jersey and other states affected by Hurricane Sandy, saying that funding was crucial to her city's recovery. http://www.c-spanvideo.org/program/309927-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/309927-1 Wed, 22 May 2013 00:00:00 GMT Sandra Henriquez testified on administrative and regulatory changes in the Department of Housing and Urban Development's (HUD) Section 8 and rental housing assistance programs, and opportunities for improvement. http://www.c-spanvideo.org/program/309885-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/309885-1 Wed, 22 May 2013 00:00:00 GMT Housing and Urban Development Secretary Shaun Donovan testified on the financial health of the Federal Housing Administration (FHA). The agency had a $16 billion deficit due to mortgage lending activity during the financial crisis. Secretary Donovan said he could not guarantee the agency would not need to draw money from the Treasury Department at the end of 2013. He also outlined a number of policy changes being enacted or contemplated that would affect millions of Americans seeking mortgages through FHA. http://www.c-spanvideo.org/program/309759-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/309759-1 Wed, 22 May 2013 00:00:00 GMT Senators from New York and New Jersey testified on transportation systems damaged by Hurricane Sandy. Both Senators Schumer and Gillibrand talked about salt water damage to New York's 108-year old subway system rail lines. Senator Menendez talked about other natural disasters that occurred other places around the country and called on the rest of the country to support New York and New Jersey in its rebuilding efforts. He also had photos showing the extensive damage to parts of New Jersey. Then transportation officials testified about the damage the storm did in the region, the costs of repairs, and the need to improve the the systems to be better prepared for future emergencies. http://www.c-spanvideo.org/program/309809-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/309809-1 Wed, 22 May 2013 00:00:00 GMT Witnesses testified on a bill to provide tax incentives for small businesses, and to assist and bolster the entrepreneurial community. The committee examined legislative proposals and programs geared by Small Business Administration, along with the Success Act. http://www.c-spanvideo.org/program/309674-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/309674-1 Wed, 22 May 2013 00:00:00 GMT Witnesses testified on the corporate practice of shifting profits overseas to avoid paying taxes. Among the issues they addressed were corporate tax loopholes allowed under current financial regulation, and business practices employed by major U.S. firms. Business executives admitted that they do consider tax policy in different countries when making decisions about how to spend profits, but they refused to admit any wrongdoing. http://www.c-spanvideo.org/program/308296-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/308296-1 Wed, 22 May 2013 00:00:00 GMT Richard Cordray gave his semi-annual report to Congress of the Consumer Financial Protection Bureau (CFPB). Among the issues addressed in the hearing were mortgage rules, the regulation of pre-paid credit cards, the CFPB's Web site, and the bureau's authority under mortgage disclosure. Mr. Cordray told the committee that a 20 percent down payment requirement would not be a part of the bureau's new rules on home mortgages. http://www.c-spanvideo.org/program/308152-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/308152-1 Wed, 22 May 2013 00:00:00 GMT General Services Administration (GSA) officials testified on the agency's plans to save money and prevent abuse of funds. Earlier in 2012 the western GSA branch staff was found to have spent more than $800,000 dollars on a conference in Las Vegas. http://www.c-spanvideo.org/program/308120-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/308120-1 Wed, 22 May 2013 00:00:00 GMT Committee members made opening statements at a markup hearing on legislation dealing with tax "extenders," a number of short-term tax breaks. It included an extension for the research and development tax credit, dealt with the alternative minimum tax, and ended breaks for expenditures and traditional subsidies for ethanol among others. Thomas Barthold described committee Chair Baucus' changes to the markup. http://www.c-spanvideo.org/program/307391-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/307391-1 Wed, 22 May 2013 00:00:00 GMT Witnesses testified on potential risks to the tri-party repo market. A repo, or repurchase agreement, is a financial deal where one person sells an asset to another and agrees to buy back the asset at a pre-selected later date. A tri-party repo market is one where securities dealers fund their portfolio of securities through repos. http://www.c-spanvideo.org/program/307397-1 info@c-spanarchives.org (National Cable Satellite Corporation) http://www.c-spanvideo.org/program/307397-1 Wed, 22 May 2013 00:00:00 GMT