Executive Session (Montgomery Nomination)
May 23 2018 01:24 PM
Senator Rubio: (12:28 p.m.)
- Spoke on China.
- "I thought it was a good opportunity to lay out to my constituents and broadly for the American people about what's at stake here. The first thing I would encourage everyone to do is separate the issue of trade with China and the issue of Z.T.E. which is a phone company based in China. They are the fourth-largest cell phone company in America up until very recently when they struggled to stay in business. We'll talk about that in a moment. But let's talk about those two things separately. They are not necessarily interrelated. On the broader topic of trade and China, the United States has an enormous imbalance in trade, as we do with other countries, but none like we do with China."
Senator Brown: (12:54 p.m.)
- Spoke on the nomination of Brian Montgomery to be an Assistant Secretary of Housing and Urban Development.
- "So it's not limited to only a few places. Mr. Montgomery had served previously in the position for which he's been nominated. He would bring valuable experience. He would bring an appreciation for the importance of the programs he would lead if he's confirmed. He has spoken about the value of the F.H.A. has a responsible engine of homeownership and a cyclical tool to ensure mortgage credit remains available. He's supportive of the affordable housing program. That's the good news. The bad news, I'm concerned that Mr. Montgomery in the interest of making the F.H.A. a better partner to the mortgage industry, many of whom he served as a board member or advisor will lose sight of the interest that F.H.A. and consumers have."
Senator Klobuchar: (1:01 p.m.)
- Spoke on anti-trust enforcement.
- "Antitrust may not always make headlines these days, but antitrust enforcement is as important now as it has ever been. It remains vital to the welfare of our country and we ignore it at our own peril. People often ask me, what does antitrust law have to do with our economy? And the answer I always give is, everything. Let me repeat that. Antitrust has everything to do with our broader economy. That is becoming clearer to the American public. People intuitively understand there is too much industry consolidation in this country."