Elizabeth Warren

Increasingly, State and Federal policymakers are considering measures to require preschool teachers to get at least some college training.

As long as teacher pay remains so low for our youngest learners, we're going to have difficulty attracting and keeping teachers in this area.

All of our regulators have conceded that our largest banks are still too-big-to-fail.

So if we want to increase investments in early education, we need to be very careful that we're investing only in high-quality models.

Qualifications are important. One of the ways that they're important in issues like compensation is that we have a terrible situation with the average pay of preschool teachers.

I am not quite sure how this is a deterrent for other CEOs.

Perhaps this is a time to note that a 21st century Glass-Steagall would reduce both the size of the financial institutions.

It's clear to me that our country needs a strong early childhood education system. Investments in our children are investments in the future.

I wish to commend the junior Senator from New Jersey on his first speech on the Senate floor. He brings a strong voice to the U.S. Senate. Today he raises that voice for our friends and neighbors who need it, and I am proud to stand…

There will be a rollcall vote at approximately 2:35 p.m. on adoption of the farm bill conference report. ____________________

If there is no further business to come before the Senate, I ask unanimous consent that it adjourn under the previous order. There being no objection, the Senate, at 7:56 p.m., adjourned until Tuesday, February 4, at 10 a.m.

I understand that Europe had reasons to go to chip early on, but are you saying that the banks have just now discovered that chip and PIN would be a more secure system?

If a company's security standards are inadequate but the company says nothing about them, then the FTC is powerless.

All of us have constituents who are affected by these data breaches, and I think it is clear that the data protections we have in place now are not enough.

I think it is fair to say that is not very many given the number of data breaches that we have seen over the last decade.

It sounds like to me we may need some pressure from the Government to make sure that the toughest standards are used.

It sounds like to me, Mr. Chairman, that the banks have delayed, the retailers have delayed, the Government has delayed, and the ones who have paid the price are the consumers whose data are being stolen.

We understand why chip and PIN works better, and it seems that we are years behind Europe in developing adequate technology.

I am ready to get right to the testimony and the questions.

I hope you are vigorously pursuing everything that you need and that you have all of the tools you need to get those data.

I very much appreciate that you are cautious in your data requests, both from other agencies and from financial institutions.

I want to focus on, though, is the importance of collecting the necessary data.

I think it is a really important role.

I hope there are no difficulties in data sharing as we go forward, because without good data, you cannot give good independent advice.

I think a large part of what we would like to see in supporting this is to go beyond the 20 percent.