I think there seems to be a sense that $50 billion was arbitrary and that it is a matter of trying to find the right number.
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I cannot do home loans anymore. I just cannot do the compliance.
I think in many cases, on the smaller banks, they feel as if their examiners are looking at them saying a lot of the things are coming downstream to them that are being applied to the larger banks.
If you look at what has happened since Dodd-Frank, there is a continued concern expressed in many rural communities about the additional cost of compliance.
I do not think there is a single community in the United States today that can consider themselves to have an opportunity to grow unless they have access to capital, to be able to borrow money, to be able to magnify what they could…
The promises made during the lead-up to and passage of Obamacare were that premiums were going to go down by $2,500.
Since 2009, premiums for the average family have increased by nearly $3,500.
So, higher premiums, higher deductibles, fewer doctors and providers, and fewer jobs. That is, I think, the story 5 years later.
Even if the argument is made... that premiums have not gone up all that dramatically, when you promise a $2,500 reduction and you see a $3,500 increase, that seems to me to be a pretty big increase.
This whole issue of restricting networks seems to be the other thing--that you have fewer and fewer choices.
It seems to me an important consideration of your modernization efforts would be its cyber capabilities.
I do not think there is anybody on this committee that does not want to see the appropriate funding levels offered and maintained.
I am disappointed to report that we have not yet received a response to that letter, much less a formal nomination.
That we not just continue to rubber-stamp programs, but that we evaluate them to see if they are fulfilling goals and actually helping people.
It is a very important hearing, specifically, because not only are we looking at our programs, but then we are trying to identify some solutions, and then hold the programs accountable to those solutions.
Is it correct that that particular provision, referred to as the Hyde amendment, has been a part of spending bills dating back to 1976? So for literally 40 years the Hyde amendment language has been included in bills we have passed here…
My understanding is the bill itself is approximately 68 pages long. Is that correct?
Thank you and Ranking Member Wyden for holding this important hearing.