Had examiners acted more aggressively in their supervision actions over these critical issues, the looming safety and soundness concerns that were present early on in nearly every failed institution could have been identified sooner and the eventual losses to the National Credit Union Share Insurance Fund could have been stopped or mitigated.
Shelby emphasizes the need for proactive supervision to prevent financial losses.
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And let's not forget China as it continues to build military capability and capacity at an unprecedented pace.
We also need a strong Army to deter China and respond to provocations, Iran, North Korea, and radical extremist groups.
As Senator Shelby at our Senate testimony hearing last March pointed out to us, we must maintain what we have before we can build new, and I think he hits the mark head-on.
The Department of Navy has played and will continue to play a critical role in the defense of our Nation.
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