Jack Reed

But a lot of times we have to take very simple approaches, and there has been a lot of discussion about not letting institutions grow beyond $250 billion.

This has been a very informative panel. Thank you all.

I think this has been terribly useful. And I will ask, at least, are we better off than we were in 2008 with some of the provisions we have adopted in Dodd-Frank like those on derivatives, and the fact that we have actually put emphasis on…

They would be required, because they are dispensing Federal funds, to ensure that they do so for the benefit of the student, and if there is an arrangement with a financial institution, it benefits the student----

I think in the comments, some of these choices are harder than others, it seems, on campus.

So, the choice is either let the student decide or, if you are deciding for the student, you have to do it in the best interest of the student. That seems to make sense.

Is not the solution--at least in concept--to require the school, who is the intermediary, to act as a fiduciary for the student, that----

Today I rise to recognize the 60th anniversary of a Rhode Island institution, the Newport Jazz Festival. At this time, I wish to yield to my colleague Senator Whitehouse for his reflections on the Newport Jazz Festival. After he speaks, I…

I thank the chairman again, and I look forward to swift passage of this legislation here in the Senate, and hopefully in the House as well.

I thank the chairman. I would like to clarify one point. While TRIA is silent on whether a nuclear, chemical, biological, or radiological related terrorist attack or any kind of cyber-related attack are covered, I believe our intent with…

We have seen some progress, but there have been variations regionally.

For the last several years you have been the only game in town in terms of trying to deal with this issue.

I would assume you would see these as complementary to your goal and necessary to your goal.

Reclaiming my time, I appreciate the gentleman's support of that effort. With that, I yield 1\1/2\ minutes to the gentleman from New York (Mr. Higgins).

I have an amendment at the desk. The Acting CHAIR. The Clerk will report the amendment. The Clerk read as follows: Page 23, line 5, after the dollar amount, insert ``(increased by $4,000,000)''. Page 26, line 24, after the dollar amount…

We can't, for many reasons, our basic values as a Nation, allow a facility suitable for 12 children to be inhabited by 100 children.

I think in terms of priority, that has to be at the same level as the humanitarian treatment of these children.

We have to put them out of business, to be blunt.

In 2012, Senator Crapo and I, as the then Ranking Member and Chair of the Securities Subcommittee, held two hearings on Computerized Trading, taking a critical look at what the rules of the road should be.

The FINRA was a settlement without acknowledging any malfunction.

The market itself is--you know, as he says, it is a casino.

It should be concerning to anyone reading this that there is no algorithmic, cross asset-class surveillance being performed right now.

I think that is a good step forward for exchanges.

Well, the faster those resources are deployed, the better off people will be----

One of the issues that is rapidly emerging as a major systemic, or at least macroeconomic, problem is the student debt.