“This complete lack of transparency and accountability is an affront to anyone who believes that government should operate as a fair and open servant to the American people “, Scott Garrett
Garrett Bill to Shed Light on FSOC Passes Committee Activities
Nov 4, 2015
the staff of the Ridgewood blog
WASHINGTON, D.C. – Rep. Scott Garrett (NJ-05), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, issued the following statement after the Financial Services Committee passed his bill, H.R. 3557, the Financial Stability Oversight Council (FSOC) Transparency and Accountability Act:
“The Financial Stability Oversight Council is a powerful government body created by Dodd-Frank that holds closed-door meetings, refuses to publish substantive transcripts, and stonewalls requests from Congress when we need more information about its operations. This complete lack of transparency and accountability is an affront to anyone who believes that government should operate as a fair and open servant to the American people. With the committee passage of my bill, the FSOC Transparency and Accountability Act, the American people are one step closer to seeing behind the shroud of this secretive and unaccountable government body.”
The FSOC Transparency and Accountability Act would:
Subject the FSOC to the Government in the Sunshine Act
Subject the FSOC to the Federal Advisory Committee Act
At all FSOC meetings, allow for the participation of all members of the Commissions and Boards represented
Require that any vote taken by the principal of a Commission or Board represented must first be taken by that Commission or Board and the principal must then in turn vote that same decision at the Council
Allow for Members of Congress on the Congressional oversight committees of FSOC to be able to attend all FSOC meetings
Garrett Introduces Bill to Hold FSOC Accountable to the American People
Sep 18, 2015
the staff of the Ridgewood blog
WASHINGTON, D.C. – Rep. Scott Garrett (NJ-05), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, today introduced H.R. 3557, the Financial Stability Oversight Council (FSOC) Transparency and Accountability Act, to bring much-needed transparency and accountability to the FSOC.
“The Financial Stability Oversight Council (FSOC) is one of the most notorious examples of the kind of secretive and unaccountable government bodies that could only be a creation of Washington, D.C. The Dodd-Frank Act vested the FSOC with the authority to designate nonbank financial institutions as “too big to fail,” essentially giving them unprecedented authority over an entire sector of the U.S. economy without adequate checks and balances.
“The Council continues to hold closed-door meetings, refuses to publish substantive transcripts, and stonewalls requests from the people’s representatives when we need more information about its operations. No agency should be allowed to operate above the law in this way, and my bill will shed some much-needed light on this shadowy government body.”
Garrett’s legislation would:
Subject the FSOC to the Government in the Sunshine Act
Subject the FSOC to the Federal Advisory Committee Act
At all FSOC meetings, allow for the participation of all members of the Commissions and Boards represented
Require that any vote taken by the principal of a Commission or Board represented must first be taken by that Commission or Board and the principal must then in turn vote that same decision at the Council
Allow for Members of Congress on the Congressional oversight committees of FSOC to be able to attend all FSOC meetings
A previous version of the legislation passed the House Financial Services Committee in June, 2014.
Hillary Clinton’s record as secretary of state became a hot-button issue this week after Russian Foreign Minister Sergei Lavrov told Bloomberg Television that the Barack Obama administration’s failed “reset” policy with Moscow was her “invention.”
Here’s why it matters: Her campaign chairman, John Podesta, gave an interview to Bloomberg View’s Al Hunt in April in which he said holding up the “major accomplishments” from her State Department tenure would be a centerpiece of her campaign. Podesta may want to reconsider that plan. Running on Clinton’s signature diplomatic initiatives is fraught with risks because, on closer inspection, most that he mentioned don’t hold up to scrutiny.
“She put together that sanctions package that’s led to at least the possibility of having a deal on the Iran nuclear program,” Podesta told Hunt in the interview, which was aired on PBS’s “Charlie Rose” show. “That took very careful and longtime careful diplomacy.”
In fact, the State Department under Clinton vigorously opposed almost all of the Iran sanctions passed by Congress while she was in office. Top officials, including Undersecretary of State Wendy Sherman, openly advocated against many bills, including the sanctions on Iran’s central bank, which dealt the true crippling blow to the Tehran regime. The Senate passed that bill 100-0 and Obama reluctantly signed them into law. The State Department did implement them, but was criticized by lawmakers and advocacy groups for using waivers in the law to exempt several countries, including China and our allies Japan and South Korea.
Clinton can also expect to be pressed during the campaign over her involvement in the secret negotiations that led to the controversial Iran nuclear negotiations now nearing completion. Her deputy, William Burns, and her top foreign policy advisor, Jake Sullivan, heldmonths of clandestine meetings with Iranian officials to set up the talks. In the run-up to her campaign announcement, Clinton wascautiously supportive of the nuclear talks; leaving herself some wiggle room by saying she won’t render a final judgment until the deal is done.
Podesta then went on to say that Clinton “restored America’s place in the world, which had been very badly battered through the previous administration.”
While it’s true that global opinion of the U.S. soared when Barack Obama was first elected president, during Clinton’s State Department tenure of 2009 to 2013 there was no measurable upswing in foreigners’ views of America, according to the Pew Research Center’s polling on global attitudes. In most major countries, approval of the U.S. actually went down by the time Clinton left office, including by 11 percentage points in each of France, Germany and the U.K.
A poll conducted in 33 countries by the BBC World Service just after Clinton stepped down as secretary found that overall world opinion of the U.S. by 2013 was the lowest since the presidency of George W. Bush. If Clinton wants to run on having polished America’s image abroad, she’ll be hard pressed to come up with data to back it up.
“She engineered the so-called ‘pivot to Asia,’ ” Podesta continued. “Her first trip was to China.”
Clinton did lead parts of what the White House now calls the “rebalance” to Asia, but as Governor Scott Walker, a top Republican contender, pointed out last week, that policy has fallen well short of expectations. With China building fake islands around the South China Sea and threatening to enforce an air-exclusion zone in the area, the pivot policy now looks inadequate.
Along with Treasury Department officials, Clinton initiated a newstrategic dialogue with China, but after several high-level summits, the effort has produced few if any tangible results. The State Department did succeed in creating an opening with Myanmar, an effort led by her top Asia official, Kurt Campbell. Unfortunately, the military junta has not eased up its brutal persecution of Muslim minorities, leading to a vast refugee crisis in Southeast Asia, and political reform has now slowed to a crawl.
“She put some new issues on the table for American diplomacy,” Podesta went on, “including internet freedom, the importance of women’s rights as human rights, of LGBT rights as human rights, as part of our diplomatic package, which I think restored values to the way America projects its power around the world.”
This is hard to square with the fact that, in her first visit to China, Clinton insisted that human rights advocacy “can’t interfere with the global economic crisis, the global climate change crisis, and the security crisis.” Clinton’s State Department repeatedly waived lawsthat would have cut aid to countries guilty of gross human rights violations, such as Egypt. This record won’t be helped by Clinton’s family foundation having taken millions of dollars from foreign governments that systematically abuse their citizens and deny basic liberties to women.
As a 22 year Ridgewood resident I am disgusted by these three and Roberta. Cleaning the leaves is not a measure of good management. VM stated she doesn’t understand civil service so what are we paying her for? The love fest with these three and Roberta has crossed the line and has got to stop. They are uncivil to councilwoman Knudsen and treat her terribly. I am grateful for her decency and hard work. Knudsen should have the full support of Village residents and the three with Roberta should feel the wrath of the people.
What an utter mess our well-meaning and diligent public servants have made, in absolute good faith, with all appropriate due diligence, and deserving of no blame or negative consequences of any kind, with the exception of a nearly unintelligible but unmistakably nasty and inappropriately personal and emotion-laden tongue-lashing of Ms. Knudsen by Ms. Hauck! (/s)
This is a perfect example of how abruptly the rules of civility will be tossed out the window when the righteous scorn is to be delivered by one of the Three Amigos to a non-Amigo.
After you listen to Susan – and to Gwenn’s idiotic response……then slide ahead on the UStream to public comments and listen to Boyd’s comments at 1:24:34. He very emphatically ripped into them. And then our mayor had the audacity to attack Boyd (which he quickly backed off on) and then Paul went on to attack Susan during Boyd’s comments. Wow, Susan really struck paydirt and the dirty secrets are being revealed. THANK YOU SUSAN
I saw it live last night. Hauck sounded like a rude child who got caught doing something they shouldn’t have been doing. He Hauck, did you miss the point of the entire discussion; certainly seems like it. I love it when Susan says “well, just let me address that” repeatedly. And then when Roberta says “well. I hate to do this to you Susan” and then throws out a nothing-burger and Susan shoots her down with a solid response. . PRICELESS.
Susan comes to the meeting well informed and well prepared. I agree she is articulate and assertive in a polite and meaningful fashion.
And Boyd, you keep doing Boyd.
Last week Councilman Pucciarelli told Councilwoman Knudsen that “It’s not always about you” and “Don’t flatter yourself.” I look forward to hearing how this was civility at its best. In fact, that was a rude, condescending, contemptuous way to speak to anyone, much less a fellow council member on the dais during a council meeting. That arrogant, narcissistic misogynist MUST GO if he is so foolish as to run for reelection to the Village Council next spring. His outbursts are pointless, counterproductive, ego driven, and embarrassing both to him personally and to our Village government.
Here is an ironic twist. Aronsohn speaks of TRANSPARENCY and CIVILITY until the words have lost their meaning. And yet we have NONTRANSPARENCY and INCIVILITY under his reign of terror. Knudsen and Sedon are doing their level best to restore transparency and civility – but until we get rid of Aronsohn that won’t happen.
MAYOR’S OFFICE HOURS FOR RESIDENTS -Saturday, April 4 from 9 AM to Noon
Mayor Paul Aronsohn holds office hours for Ridgewood residents the first Saturday of every month. Mayor Aronsohn will meet with residents on Saturday, April 4 from 9AM to Noon in the Council Chambers (Sydney V. Stoldt, Jr. Court Room) on the fourth floor of Ridgewood Village Hall.
For an appointment to meet with the Mayor, please call the Village Clerk’s Office at 201-670-5500 ext. 206. You may come to the Mayor’s office hours without an appointment, but those with appointments will be given priority.
Civility Forum – May 11th at 7:30PM
The next Civility Forum will be held at 7:30pm in the Senior Lounge at Village Hall.
Rev. Jan Phillips will lead the discussion. Everyone is welcome to attend.
Reader says 12 pm and still no agenda posted on the website. Transparency !
The agenda was just posted 12:18pm . why so late? Maybe because of what is going to be discussed in closed sessions ?
Legal 1. RIC Development ( Big Al’s attorney friend trying to get the right of way at the sewage plant to help him build hosing) Dave Rutford c. Contract negotiations 1. Employee Parking 2. Lot 12 – The Gap Parking Lot 3. Fire Contract Negotiations
09/02/147:30PMPlanning Board Public 09/03/147:30PMVillage Council Special Public Meeting 09/03/147:30PMVillage Council Public Work Session 09/09/147:30PMBoard of Adjustment Regular Public Meeting 09/10/148:00PMVillage Council Public Meeting 09/16/147:30PMPlanning Board Public Meeting 09/17/147:30PMVillage Council Public Work Session 09/23/147:30PMBoard of Adjustment Regular Public Meeting 10/01/147:30PMVillage Council Public Work Session 10/07/147:30PMPlanning Board Public Meeting
Codey introduces Port bill to avoid conflicts and encourage transparency
TRENTON — State Sen. Richard Codey introduced disclosure legislation intended to end conflicts of interest, encourage whistle blowing, and invite public input involving the Port Authority of New York and New Jersey and other bi-state agencies.
Codey’s legislation, introduced on Monday, comes amid a flurry of reform proposals prompted by revelations that September’s George Washington Bridge lane closures were carried out by political appointees of Gov. Chris Christie for what was widely suspected to be a political retribution against Fort Lee’s Democratic mayor. A report by a law firm hired by Christie’s office asserted there was no evidence that the governor had advance knowledge of the closures.
Under the Codey legislation, agency board members and executives would be required to disclose whether they or family members have a financial interest in any company doing business with the agency, and would prohibit their participation in related discussions or votes when conflicts arise.
Prosecutors are now looking into whether former Port Authority board members were in conflict involving agency actions that benefited their private firms or clients. (Strunsky/Star-Ledger)
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