Tim Johnson: “The Federal Home Loan Banks play a critical role in our Nation's housing finance and community lending system.”

I want to welcome Under Secretary Hawks, Under Secretary Bost, Under Secretary Murano today, as well as FDA Commissioner McClellan.

It seems to me that they ought to be able to part with at least some of them for some of the housing crisis problems we have in Indian country.

I am concerned that in order to accommodate the President's proposed $726 billion tax cut, the Administration has made significant cuts to critical programs that benefit farmers, ranchers, and all American citizens.

I believe Congress and DoD must work together to improve the financial literacy of our service members and crack down on abusive and truly predatory practices by any lender.