Elizabeth Warren

I am a little surprised that as the head of FSOC and the Secretary of the Treasury that you would support a bill without knowing how much you are actually reducing the regulation on it in this giant financial institutions.

During the Cold War, we succeeded in convincing the Soviet Union that our extended nuclear deterrence was credible.

Actually, let me drill down just a little bit more on that.

By developing a long-range nuclear capability, North Korea is trying to convince our allies that the United States will not protect them.

Our allies in Asia rely on the United States nuclear umbrella for their security.

I don't see how we can reauthorize this law without fixing both the college accountability problem and the structural student loan debt problem that's behind this entire business.

I think part of what we're talking about here is about incentives, and I think that most schools are acting rationally within the terrible system of incentives that we've set up.

History shows us that for-profit colleges need heightened accountability, but I think there is a much larger problem here, and that is all colleges pretty much that access the Federal dollars, no matter the quality of the education that…

For-profit colleges are different, and when the Federal Government pours billions of dollars into these colleges, we should put some restrictions on the money that recognize those differences.

Mr. Miller, are for-profit colleges different, and should the Federal Government have rules that acknowledge that difference?

So two of the largest college collapses in the history of American higher education occurred recently when Corinthian and ITT imploded, ruining the lives of hundreds of thousands of students.

I urge the Committee to take seriously the need to improve accountability in our higher education system to better protect students and taxpayers.

Unfortunately, Secretary DeVos has refused to enforce either rule--for which she is being sued by state attorneys general and others.

If we are truly interested in accountability and risk to taxpayers, the Higher Education Act reauthorization should embrace the Gainful Employment and Borrower Defense rules finalized under the Obama administration.

By giving schools 'skin in the game' when it comes to their students' success, we give them a financial incentive to do everything they can to ensure their students are well prepared for good paying jobs and the future.

To better protect students and our taxpayer dollars, I introduced the Protecting Our Students and Taxpayers (POST) Act.

Among other reforms, the bill eliminates the provision in current law which forbids the Department of Education from setting and enforcing student outcomes standards.

They want to leave community health centers in the lurch and most of all, they are going to leave patients in the lurch.

What worries me is the Trump administration seems to be heading in the opposite direction.

I think the whole point about having minimum regulations all the way through here and minimum requirements so that the Association Health Plans are not picking people off and leaving people with insurance policies that are not worth the…

We only have to deal with the problem of the places where they can go belly up right now.

Are you telling me you believe there will be no change or there is no change in any of that language?

I understand that there are some places where there are adequate solvency requirements and some places where there are not.

It is powerfully important.

When a health policy is not worth the paper that it is printed on, it is not coverage. It is phony insurance and putting an end to these scams was a big part of the reason that Congress passed the Affordable Care Act and set some real…