I was very pleased to see that in 2013 you committed a greater percentage of your money to small business lending.
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
Well, I just want to say thank you very much. Thank you for the direction that you are pushing us in trade and for the successes you have had, and I hope we have many more that we can celebrate in 2014.
I would like to follow up on where Senator Shelby started, and talking about the goal of the Eximbank is to promote U.S. exports, and, of course, increasing exports is ultimately supposed to create more jobs at home.
The Eximbank's charter makes it clear that the Bank is supposed to supplement private capital.
I am concerned that marketing and outreach are not enough to expand small business lending.
When Medicare Advantage came into effect in 2003, there was, in fact, the movement to privatize Medicare happened.
We also know our current college completion rates. We've got about 55 percent completing within 6 years.
If we can improve that by improving the K-12 education and preschool as well, we'll do better.
We all want to see the money spent in the most effective way, and whether that means a little more discretion for the agency may accomplish that is something we certainly should be taking a look at.
Now, the FTA was supposed to issue objective standards by October 1 of 2013 and it has not done so yet.
By the year 2020, we know that about 65 percent of all jobs are going to require some kind of post-secondary education.
So I'm hearing two things. I'm hearing allocate the grant dollars differently or at least look into whether we want to allocate differently.
I think the only way to reach a goal like that is really through the community colleges.
We've got to get more people into school, post-secondary. We've got to get more of them out, that is, all the way through.
If we stay on our current trend line, we're going to be about 5 million young people short of meeting that goal.
I particularly appreciate your working on the safety standards on the Red Line.
I know that you are committed to improving the equipment and making sure we meet the highest safety standards.
I fully understand the notion just to say let's put more money into the program. But we're also going to have to find some scale here.
I think your focus on this set of issues has already benefited consumers and helped some small businesses.
It is time for us to pick workers and consumers and taxpayers over the speculators, over the 'too big to fail' banks.
So you are making the large trader report available to FERC people in any investigation.





