If we leave the region, it's my view, not unlike what happened before, we'll be back.
Jack Reed
The Public Record
Jack Francis Reed is a United States Senator from Rhode Island, serving since January 7, 1997. A member of the Democratic Party, Reed has been an influential figure in the Senate, particularly known for his work on the Armed Services Committee. Throughout his tenure, he has focused on issues such as national security, veterans' affairs, and economic development. Reed has also been involved in various legislative efforts aimed at improving education and healthcare access for Rhode Islanders.
I do not think it is necessarily kind of a disconnect between a big 200 units and no local participation.
Well, one thing you have to do is thank your Senator, because he has been terrific in making sure that your voice is heard.
It has been like pulling teeth, trying to get FHFA I have to say it properly--enthusiastic.
The status quo seems to be absolutely unacceptable for the real estate industry, for renters, et cetera.
One of the other aspects that we have tried to stress is not only simply transferring the property to an investor, either not-for-profit or for-profit, but also encouraging retrofits or renovations so that you capture some of the new…
I simply want to commend you for not just this hearing, but the series of hearings you have undertaken addressing critical issues in the housing market.
I have one additional speaker, and then I am prepared to close after that, I believe.
I am pleased to yield 5 minutes to the gentleman from Kansas (Mr. Huelskamp).
I am pleased to yield 5 minutes to the gentleman from Louisiana, Dr. Boustany.
The Dodd-Frank Act created a Federal Insurance Office (FIO) within the Treasury Department to gather information about the insurance industry.
Understanding the interdependencies and connections between financial players is one of the keys to assessing where the stress points can become cracks.
The 2008 financial crisis revealed many levels of interdependencies within the financial system.
I want to welcome everyone to our hearing this morning entitled 'Emerging Issues in Insurance Regulation.'
I think the purpose of this hearing is not so much pressure, but this is an important set of issues.
I think the NAIC has been doing a very good job, but it is like every institution.
Thank you for your willingness to serve, Mr. Cordray, in a very difficult time and in a very challenging office.
It is helping men and women in uniform, as Senator Reed pointed out, preventing them from being targeted by bad actors.
I think the other thing that we have to recognize, too, is as we go forward we are, I think, trying to ensure that we do not replicate the crisis of 2008.





