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Updates from Sen. Hirono (Jan. 6-9)

MEDIA RELEASE

Sen. Mazie K. Hirono has been named the ranking member on the Senate Armed Services Committee’s Subcommittee on Seapower. The assignment places Hirono in position to oversee matters directly relating to the U.S. Navy and U.S. Marine Corps.

“I am proud to serve as the ranking Democrat on the Subcommittee on Seapower. There exists a strong relationship between Hawaii and the Navy and Marine Corps. Hawaii’s role is further enhanced as we continue our nation’s rebalance to the Asia-Pacific. Headquartered in Hawaii, the U.S. Pacific Fleet and U.S. Marine Forces Pacific’s area of responsibility covers more than half of the earth’s surface. I look forward to working with Sen. Roger Wicker (R-MS), the subcommittee’s new Chairman, to ensure that the Navy and Marine Corps are capable of keeping America and its interests secure,” said Hirono.

The Subcommittee on Seapower is responsible for overseeing the vast majority of Navy and Marine Corps programs, Marine Corps ground forces, Navy and Marine Corps helicopters, Navy and Marine Corps research and development and strategic sealift and airlift research and development programs.

The U.S. Pacific Fleet consists of approximately 200 ships, 600 aircraft, five aircraft carrier strike groups and 140,000 sailors and civilians.

U.S. Marine Forces Pacific includes two Marine Expeditionary Forces, 86,000 personnel and 640 aircraft.

Hawaii is home to Joint Base Pearl Harbor-Hickam, Pearl Harbor Naval Shipyard and Intermediate Maintenance Facility, Pacific Missile Range Facility and Marine Corps Base Hawaii.

HIRONO CHAMPIONS NEED FOR COMMUNITY BANKING EXPERIENCE ON FEDERAL RESERVE BOARD

Sen. Mazie K. Hirono has applauded the announcement that President Obama will nominate former Bank of Hawaii Chairman and Chief Executive Officer Allan Landon to serve as a member of the Board of Governors of the Federal Reserve System.

“Our nation’s economic policy should be focused on growing strong local economies that support local businesses, middle class families and vibrant communities,” said Hirono. “Allan Landon’s experience as a community banker and his record of service in the community make him a solid choice to serve on the Federal Reserve Board. His leadership at Bank of Hawaii came at a time when our country went through the financial crisis, and he ensured the bank remained secure and sound. Allan Landon’s nomination demonstrates President Obama’s continued focus on strengthening the middle class.”

In April 2014, Hirono joined a bipartisan group of Senators in writing to President Obama urging him to nominate someone with community banking experience to the Federal Reserve Board.

The Senator has also supported legislative efforts to ensure that one seat on the Federal Reserve Board be held by someone with community banking experience.

The Federal Reserve Board of Governors oversees the Federal Reserve System which is made up of 12 regional Federal Reserve Banks. Hawaii is served by the Federal Reserve Bank of San Francisco.

The Board is made up of seven governors who are nominated by the President and must be confirmed by the U.S. Senate. Governors are confirmed to 14 year terms of service.

There are currently only five members of the Federal Reserve Board.

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