The House Will Convene At 9:00 AM Today
House Session - June 9, 2010
Speakers:
Time
Action
  • 10:01:54 AM

    THE SPEAKER PRO TEMPORE

  • 10:02:14 AM

    MRS. MALONEY

    I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE…

    I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GO INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.

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  • 10:02:30 AM

    THE SPEAKER PRO TEMPORE

    THE CHAIR WILL ENTERTAIN UP TO 15 REQUESTS FOR ONE-MINUTE SPEECHES ON EACH…

    THE CHAIR WILL ENTERTAIN UP TO 15 REQUESTS FOR ONE-MINUTE SPEECHES ON EACH SIDE OF THE AISLE. FOR WHAT PURPOSE DOES THE GENTLELADY FROM CALIFORNIA RISE?

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  • 10:02:38 AM

    >>

    CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE.

  • 10:02:40 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLELADY IS RECOGNIZED.

  • 10:02:44 AM

    MS. CHU

    SPEAKER, JOHN ADAMS ONCE SAID, FACTS ARE STUBBORN THINGS. THEY CANNOT…

    SPEAKER, JOHN ADAMS ONCE SAID, FACTS ARE STUBBORN THINGS. THEY CANNOT ALTER THE STATE OF FACTS AND EVIDENCE. WELL, WHEN IT COMES TO THE ECONOMY, THE FACTS ARE ON OUR SIDE. IT'S A FACT THAT BUSH'S ECONOMIC POLICIES CREATED THE WORST FINANCIAL CRISIS SINCE THE GREAT DEPRESSION. IT'S A FACT THAT REPUBLICANS PRODUCED A RECESSION WITH NEARLY 800,000 JOB LOSSES EACH MONTH AND ALMOST DOUBLED OUR NATIONAL DEBT. IT'S A FACT THAT EIGHT YEARS OF TAX CUTS FOR THE RICH AND TRICKLED DOWN ECONOMIES ONLY LEFT THE AMERICAN PEOPLE HOSED. AND IT'S A FACT THAT THIS CONGRESS AND THOSE FLAWED POLICIES ENACTED TAX CUTS FOR WORKING CLASS FAMILIES AND SMALL BUSINESSES ACROSS AMERICA. DEMOCRATS CREATED NEARLY 200,000 JOBS A MONTH THIS YEAR, CUT OVER $800 BILLION IN TAXES AND WE'RE ABOUT TO CUT ALMOST $300 BILLION MORE. DEMOCRATS ARE REBUILDING CONSUMER DEMANDS, CREATING NEW JOBS AND GETTING OUR ECONOMY BACK ON TRACK AND THAT'S A FACT. NO MATTER HOW STUBBORN THE MINORITY WANTS TO BE.

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  • 10:03:53 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLELADY YIELDS BACK THE BALANCE OF HER TIME. FOR WHAT PURPOSE DOES…

    THE GENTLELADY YIELDS BACK THE BALANCE OF HER TIME. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM UTAH RISE?

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  • 10:03:58 AM

    MR. CHAFFETZ

    TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE AND EXTEND MY REMARKS.

  • 10:04:01 AM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, THE GENTLEMAN IS RECOGNIZED.

  • 10:04:04 AM

    MR. CHAFFETZ

    THANK YOU, MR. SPEAKER. WITH ALL DUE RESPECT TO THE GENTLEWOMAN WHO JUST…

    THANK YOU, MR. SPEAKER. WITH ALL DUE RESPECT TO THE GENTLEWOMAN WHO JUST STOOD HERE, THE FACT REMAINS THE DEMOCRATS ARE NOT INTRODUCING A BUDGET. ONE OF THE FUNDAMENTAL PRINCIPLE THINGS THAT THIS CONGRESS SHOULD DO IS INTRODUCE A BUDGET. THIS CONGRESS SHOULD BE EMBARRASS THAT THEY HAVE NOT INTRODUCED A BUDG THAT WE CAN DEBATE AND DISCUSS. THEY'RE LACKING THE SO-CALLED LEADERSHIP HERE. TALK ABOUT BUSH, BUT THE REALITY IS THE DEMOCRATS HAVE THE HOUSE AND SENATE AND PRESIDENCY AND THEY OWE IT TO THE AMERICAN PEOPLE, THEY OWE IT TO THIS INSTITUTION TO PRODUCE A BUDGET SO THAT WE CAN DEBATE AND DISCUSS IT IN THE UNITED STATES CONGRESS. IT'S ONE OF THE FUNDAMENTAL THINGS WE SHOULD DO, THIS SHOULD CONGRESS -- THIS CONGRESS SHOULD BE EMBARRASSED. I YIELD BACK THE BALANCE OF MY TIME.

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  • 10:04:48 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT PURPOSE DOES…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT PURPOSE DOES THE GENTLELADY FROM NEW YORK RISE?

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  • 10:04:53 AM

    MRS. MALONEY

    TO ADDRESS THE HOUSE FOR ONE MINUTE.

  • 10:04:55 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLELADY IS RECOGNIZED.

  • 10:04:57 AM

    MRS. MALONEY

    THE B.P. HAS CAUSED A GREAT EMERGENCY ALONG THE GULF COAST. I -- MR.…

    THE B.P. HAS CAUSED A GREAT EMERGENCY ALONG THE GULF COAST. I -- MR. SPEAKER, THE B.P. OIL SPILL HAS CAUSED A GREAT EMERGENCY ALONG OUR GULF COAST. I HOPE AS A RESPONSE WE NEVER FORGET THE LESSONS OF THE GROUND ZERO WORKERS. IN THE WAKE OF 9/11, THOUSANDS OF MEN AND WOMEN LABORED TIRELESSLY, DRIVEN BY A SENSE OF URGENT PURPOSE, SAFETY PRECAUTIONS WERE NOT TAKEN AND ASSURANCES WERE GIVEN THAT PROVED TO BE FALSE. THE HEALTH OF FAR TOO MANY OF THOSE WHO WORKED ON THAT TOXIC PILE THEY SUFFERED LONG-TERM HEALTH CONSEQUENCES. NOW IN THE GULF, MEN AND WOMEN ARE ONCE AGAIN BEING EXPOSED TO A TOXIC SEA OF ELEMENTS. AFTER JUST 40-SOME DAYS, THERE ARE ALREADY REPORTS THAT WORKERS HAVE SUFFERED FROM EXPOSURE TO THE OIL. AND THIS CLEANUP WILL GO ON FOR YEARS. THE TIME TO ADDRESS THE ISSUE OF THE HEALTH OF THE CLEANUP WORKERS IS NOW BEFORE THEY LOSE IT.

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  • 10:05:57 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLELADY YIELDS BACK THE BALANCE OF HER TIME. FOR WHAT PURPOSE DOES…

    THE GENTLELADY YIELDS BACK THE BALANCE OF HER TIME. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM PENNSYLVANIA RISE?

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  • 10:06:03 AM

    >>

    UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE AND…

    UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE AND EXTEND.

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  • 10:06:07 AM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, THE GENTLEMAN IS RECOGNIZED.

  • 10:06:13 AM

    MR. THOMPSON

    THE DUBOIS BUSINESS COLLEGE STARTED 125 YEARS AGO. THEY PROUD THEMSELVES…

    THE DUBOIS BUSINESS COLLEGE STARTED 125 YEARS AGO. THEY PROUD THEMSELVES ON A SMALL STUDENT TO TEACHER RATIO. FROM LEGAL ASSISTANCE TO CLINICAL MEDICAL ASSISTANCE, THE COLLEGE HAS HELPED PEOPLE MOVE STUDENTS INTO A GOOD FUTURE. THEY MOVED TO HUNTINGTON TO OIL CITY. IN 2001, A CORE GROUP OF WORKING ADMINISTRATORS PURCHASED THE COLLEGE AND COMMITTED THEMSELVES OF CONTINUING THE COLLEGE TRADITION OF EXCELLENCE. THE COLLEGE WILL BE CELEBRATING ITS ANNIVERSARY THROUGHOUT THE YEAR BUT THIS WEEKEND THEY'LL HOLD AN OPEN HOUSE AND NEW STUDENT ANNEX AS A COMMEMORATIVE CELEBRATION. IN AN AREA WHERE THERE ARE NO COMMUNITY COLLEGES, DUBOIS BUSINESS COMMUNITY HAS FULFILLED A NEED THROUGHOUT ITS HISTORY AND CONTINUES TO PROVIDE QUALITY AND AFFORDABLE EDUCATION IN GRAPHIC ARTS, COMPUTER APPLICATIONS AND EVEN MOVIE MAKING. IT'S MY PLEASURE TO CONGRATULATE THIS INSTITUTION ON ITS ANNIVERSARY AND WISH THEM CONTINUED SUCCESS AND GROWTH, AND I YIELD BACK.

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  • 10:07:17 AM

    THE SPEAKER PRO TEMPORE

  • 10:07:25 AM

    MS. JACKSON LEE

    LEE: TO ADDRESS THE HOUSE FOR ONE MINUTE.

  • 10:07:27 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLELADY IS RECOGNIZED.

  • 10:07:29 AM

    MS. JACKSON LEE

    LEE: MR. SPEAKER, THE RESEARCH BY "USA TODAY" SHOW THAT AMERICANS ARE…

    LEE: MR. SPEAKER, THE RESEARCH BY "USA TODAY" SHOW THAT AMERICANS ARE PAYING THE LOWEST TAX RATE SINCE THE 1950'S. NOT THE 1990'S, NOT 2001 OR 2002, BUT SINCE THE 1950'S. THE DEMOCRATS' TAX CUTS TO MIDDLE CLASS AND SMALL BUSINESSES ARE HELPING THIS ECONOMY. THE ECONOMY CONTINUES TO MOVE IN THE RIGHT DIRECTION, AND IT IS BEING SUSTAINED, UNEMPLOYMENT IS GOING DOWN AND 90% OF OUR METROPOLITAN AREAS, AND THE PRESIDENT IS ATTACKING THE B.P. OIL SPILL IN THE RIGHT WAY AS I REPRESENT THE GULF REGION WHERE FISHERMEN AND OYSTERMEN ARE AS WELL AS OIL WORKERS WE HAVE TO MAKE SURE WE CONTINUE TO SAVE JOB. THAT MEANS THAT THE INDUSTRY NEEDS TO REFORM ITSELF. WE NEED A PLAN THAT IS APPROVED BY EXPERTS THAT IS INDEPENDENT OF THE GOVERNMENT AND THE INDUSTRY. WE ARE SAVING AND CREATING JOBS, BUT WE ARE CONCERNED ABOUT SAFETY AND SECURITY. THIS IS A RIGHT PATH. DEMOCRATS REDUCED TAXES. THE PRESIDENT'S IN CHARGE. WE'RE GOING TO BE ABLE TO SEE AMERICA RECOVER. I YIELD BACK.

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  • 10:08:39 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLELADY YIELDS BACK THE BALANCE OF HER TIME. FOR WHAT PURPOSE DOES…

    THE GENTLELADY YIELDS BACK THE BALANCE OF HER TIME. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM SOUTH CAROLINA RISE?

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  • 10:08:45 AM

    MR. WILSON

    MR. SPEAKER, I ASK PERMISSION TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO…

    MR. SPEAKER, I ASK PERMISSION TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE AND EXTEND MY REMARKS.

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  • 10:08:49 AM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, SO ORDERED.

  • 10:08:51 AM

    MR. WILSON

    MR. SPEAKER, YESTERDAY THE ADMINISTRATION HELD A TOWN HALL BY TELEPHONE…

    MR. SPEAKER, YESTERDAY THE ADMINISTRATION HELD A TOWN HALL BY TELEPHONE WITH SENIORS ACROSS THE COUNTRY TO PROMOTE A HEALTH CARE TAKEOVER BILL THAT COSTS MORE BY THE MINUTE. SENIORS NEED MORE THAN A SALES PITCH. THEY NEED TO KNOW THE FACTS ABOUT THIS BILL. 50% WHO DEPEND ON MEDICARE ADVANTAGE COULD LOSE THIS COVERAGE. THE IMPACT OF THE BILL COULD BE DEVASTATING. IN TEXAS 300 DOCTORS HAVE ALREADY STOPPED SEEING SENIORS. SENIORS' LOVED ONES WILL BE IMPACTED BY THE TAKEOVER BILL WITH A $2,100 HIT. THIS IS THE AMOUNT THE NONPARTISAN CONGRESSIONAL BUDGET OFFICE HAS PREDICTED THAT EARLY RETEAREES, THE SELF-EMPLOYED, SMALL BUSINESS WORKERS AND MILLIONS OF OTHERS WHO BUY FAMILY COVERAGE IN THE INDIVIDUAL MARKET WILL PAY MORE FOR THEIR HEALTH INSURANCE. INSTEAD OF SPENDING TIME SELLING A BROKEN PRODUCT, LAWMAKERS NEED TO REPEAL IT AND OFFER PATIENTS A PATIENT-CENTERED PLAN THAT LOWERS COSTS AND EXPANDS ACCESS. IN CONCLUSION, GOD BLESS OUR TROOPS AND WE WILL NEVER FORGET SEEMBER 11 AND THE GLOBAL WAR ON TERRORISM.

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  • 10:09:53 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT PURPOSE DOES…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM TENNESSEE RISE?

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  • 10:09:58 AM

    MR. COHEN

    THANK YOU. TO ADDRESS THE HOUSE FOR ONE MINUTE.

  • 10:10:01 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED.

  • 10:10:03 AM

    MR. COHEN

    THANK YOU, MR. SPEAKER. THERE'S GREAT NEWS FOR SENIORS, AND I THINK…

    THANK YOU, MR. SPEAKER. THERE'S GREAT NEWS FOR SENIORS, AND I THINK THEY'LL BE RECEIVING IT IN THE MAIL SOON. THE NOTORIOUS DOUGHNUT HOLE IS GOING TO BE CLOSED AND STARTING THIS WEEK THE PART D DOUGHNUT HOLE WHERE SENIORS HAVE TO PAY FOR THEIR DRUGS AT AN IMMENSE AMOUNT THAT HURTS THEM WILL BE STARTED TO FILL BECAUSE OF THE HEALTH CARE BILL WE PASSED IN THIS HOUSE BECAUSE OF A SINGLE -- WITHOUT A SINGLE REPUBLICAN VOTE THAT MADE IT LAW. THE ONE-TIME REBATE CHECKS WILL GO OUT THIS WEEK TO SENIORS WHO WERE IN THE DOUGHNUT HOLE. THEY WILL START TO BE MAILED OUT TOMORROW, JUNE 10. SENIORS WHO FALL IN THAT HOLE CAN EXPECT A $250 TAX-FREE CHECK IN THEIR MAILBOX TO HELP THEM COVER THOSE COSTS, PART OF THE DEMOCRATIC BILL THAT REFORMED HEALTH CARE, THAT DIDN'T HAVE A SINGLE REPUBLICAN VOTE TO HELP IT BECOME LAW. THERE WERE 217, 218 DEMOCRATIC VOTES UP TO MAKE THAT LAW. EVENTUALLY THE DOUGHNUT HOLE WILL BE ELIMINATED, BUT WE START WITH THESE $250 CHECKS. I'M PROUD TO HAVE SUPPORTED IT, PROUD TO HAVE VOTED FOR IT. THANK YOU, MR. SPEAKER.

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  • 10:11:03 AM

    THE SPEAKER PRO TEMPORE

    THE NTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT PURPOSE DOES THE…

    THE NTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT PURPOSE DOES THE GENTLELADY FROM NORTH CAROLINA RISE?

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  • 10:11:09 AM

    MS. FOXX

    I ASK PERMISSION TO ADDRESS THE HOUSE FOR ONE MINUTE, MR. SPEAKER.

  • 10:11:12 AM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, SO ORDERED.

  • 10:11:14 AM

    MS. FOXX

    THANK YOU, MR. SPEAKER. HERE'S ONE WAY THE AMERICAN PEOPLE CAN TELL THAT…

    THANK YOU, MR. SPEAKER. HERE'S ONE WAY THE AMERICAN PEOPLE CAN TELL THAT IT'S AN ELECTION YEAR. AFTER RACKING UP RECORD DEFICITS, CONGRESSIONAL DEMOCRATS ARE NOW TRYING TO RUN AWAY FROM THE TRUTH ABOUT THEIR OUT-OF-CONTROL SPENDING. LAST FISCAL YEAR DEMOCRATS IN CONGRESS TALLIED A RECORD $1.4 TRILLION OF DEFICIT SPENDING THROUGH -- AND THROUGH THE FIRST SEVEN MONTHS OF THIS YEAR THEY WERE OVERSPENT BY $800 BILLION. IT'S NO WONDER WITH ELECTIONS COMING UP THEY DON'T WANT TO KNOW HOW MUCH DEFICIT SPENDING THEY PLAN TO DO NEXT YEAR. THAT'S WHY WE HAVE NO BUDGET. HOUSE DEMOCRATS ARE NOT PUTTING A BUDGET ON THE TABLE. THEY DON'T WANT TO OWN UP TO THEIR NUMBERS. THEY DON'T WANT YOU TO SEE ANOTHER $1 TRILLION ADDED TO THE DEFICIT, SO THEY'LL JUST LEAVE T BOOKS OPEN WITHOUT A PLAN AND SPENT WITHOUT RESTRAINT. ABOUT THE ONLY THING THAT WILL STOP THEM IS IF THE AMERICAN PEOPLE WILL SPEAK UP AND SAY THIS IS NOT ACCEPTABLE. WE SENT YOU TO CONGRESS TO LEAD, SO WRITE A BUDGET. I YIELD BACK.

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  • 10:12:13 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLELADY YIELDS BACK THE BALANCE OF HER TIME. FOR WHAT PURPOSE DOES…

    THE GENTLELADY YIELDS BACK THE BALANCE OF HER TIME. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM WASHINGTON RISE?

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  • 10:12:18 AM

    >>

    TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE AND EXTEND.

  • 10:12:21 AM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, SO ORDERED.

  • 10:12:23 AM

    MR. INSLEE

    MR. SPEAKER, THIS MORNING THE SUSTAINABLE ENERGY AND ENVIRONMENT CAUCUS…

    MR. SPEAKER, THIS MORNING THE SUSTAINABLE ENERGY AND ENVIRONMENT CAUCUS HAD A MEETING WITH PEAVERPLETPEAVERPLET ADMINISTER LISA JACKSON -- PEAFMENTPEAFMENT ADMINISTER LISA JACKSON -- E.P.A. ADMINISTER LISA JACKSON. SHE SAID THAT THE FEDERAL GOVERNMENT HAS INSISTED, HAS INSISTED THAT BRITISH PETROLEUM DRILL A SECOND RELIEF WELL TO MAKE SURE THAT WE GOT A RELIEF WELL THAT CAN ULTIMATELY STOP THIS HORRIFIC SPILL IN THE GULF COAST. AND IT'S ENCOURAGING BECAUSE THE FEDERAL GOVERNMENT HAS TO BE THE ULTIMATE DECIDER TO MAKE SURE THIS JOB GETS DONE. B.P. ONLY WANTED TO DO ONE WELL, BUT THE PRESIDENT AND HIS ADMINISTRATION INSISTED THAT THEY DO TWO WELLS TO MAKE SURE WE GET ONE THAT WORKS. BUT THERE'S A DISTURBING EFFORT NOW GOING ON IN THE U.S. SENATE TO DEPRIVE THE E.P.A. OF THE ABILITY TO CLEAN UP THE INDUSTRY THAT IS NOW PUTTING POLLUTION IN THE AIR AS WELL. WE HAVE TO PRESERVE THE FEDERAL GOVERNMENT'S ABILITY TO ENFORCE OUR AIR POLLUTION AND CLEAN AIR -- CLEAN WATER LAWS. THE AMERICAN PEOPLE DESERVE THAT. WE OUGHT TO STAND STRONG AND HAVE A SHERIFF IN CHARGE OF THIS OPERATION.

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  • 10:13:27 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT PURPOSE DOES…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM LOUISIANA RISE?

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  • 10:13:34 AM

    MR. FLEMING

    THE HOUSE FOR ONE MINUTE.

  • 10:13:36 AM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, SO ORDERED.

  • 10:13:44 AM

    MR. FLEMING

    IN HIGH-DEDUCTIBLE HEALTH PLANS ASSOCIATED WITH HEALTH SAVINGS ACCOUNTS…

    IN HIGH-DEDUCTIBLE HEALTH PLANS ASSOCIATED WITH HEALTH SAVINGS ACCOUNTS GREW BY 29% IN 2009 TO A TOTAL OF 10 MILLION AMERICANS. THESE PLANS WHICH OFTEN PROVIDE THE LOWEST PRICED HEALTH INSURANCE ARE TARGETED AND IN THE NEWLY ENACTED HEALTH CARE BILL. OBAMACARE WILL INCREASE TAXES ON H.S.A.'S FROM 10% TO 20% AND WILL PREVENT OVER-THE-COUNTER DRUGS BEING REIMBURSED TAX-FREE FROM THE HEALTH SAVINGS ACCOUNTS. MILLIONS OF AMERICANS RELY ON H.S.A.'S TO COVER DEDUCTIBLES, INSURANCE CO-PAYS, A PLETHORA OF OTHER MEDICAL EXPENSES. FURTHERMORE, H.S.A.'S ARE AN EXCELLENT TOOL TO CUT HEALTH CARE COSTS WHILE OBAMACARE ITSELF PROVIDES NO SUCH TOOLS. IF YOU TRULY SUPPORT HEALTH CARE AFFORDABILITY, I ASK YOU TO SUPPORT MY LEGISLATION, H.R. 5126, WHICH RESTORESHE VALUABLE TOOLS THAT SAVES COSTS. WITH THAT I YIELD BACK.

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  • 10:14:44 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT PURPOSE DOES…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM CONNECTICUT RISE?

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  • 10:14:50 AM

    >>

    THE GENTLEMAN IS RECOGNIZED.

  • 10:14:52 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED.

  • 10:14:54 AM

    >>

    THANK YOU, MR. SPEAKER. MORE THAN 52,000 MILES IN FOUR WEEKS, THAT'S WHAT…

    THANK YOU, MR. SPEAKER. MORE THAN 52,000 MILES IN FOUR WEEKS, THAT'S WHAT 10,000 STEPS OR FIVE MILES EVERY SINGLE DAY IS. THAT'S WHAT THE KIDS AT SARAH NOBLE SCHOOL IN NEW MILFORD, CONNECTICUT, ACCOMPLISHED IN MAY IN THEIR FOURTH ANNUAL SCHOOL WALKING PROJECT FOR FIFTH GRADERS. STUDENTS LIVED BY THE TRIPLE E. MANTRA, EXERCISE, EATING HEALTHY AND PROTECTING THE ENVIRONMENT. THESE STUDENTS ARE PUTTING THEMSELVES ON A PATH TO A HEALTHIER LIFE BY INVESTING IN WALKING. HEALTHY HABITS THAT START NOW CAN PAY OFF AS THEY GROW OLDER. OBESE YOUTH ARE BECOMING AN EPIDEMIC. THEY HAVE HIGH RISK FACTORS SUCH AS HIGH CHOLESTEROL AS WELL AS TYPE TWO DIABETES AND SEVERAL TYPES OF CANCER. WE HAVE TO BREAK THIS CYCLE. IT STARTS WITH SIMPLE STEPS AND HEALTHY SNACKS. FIFTH GRADERS ARE ALREADY DOING THEIR PART AND THEY'VE GIVEN ME THIS PODOMETER. WE CAN ALL STRIVE TO BE HEALTHY ONE STEP AT A TIME.

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  • 10:15:50 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT PURPOSE DOES…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM FLORIDA RISE?

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  • 10:15:55 AM

    >>

    TO ADDRESS THE HOUSE FOR ONE MINUTE AND TO REVISE AND EXTEND MY REMARKS.

  • 10:15:58 AM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, SO ORDERED. .

  • 10:16:04 AM

    MR. BILIRAKIS

    I HOSTED AN AMERICA SPEAKING OUT TOWN HALL MEETING IN FLORIDA LATE LAST…

    I HOSTED AN AMERICA SPEAKING OUT TOWN HALL MEETING IN FLORIDA LATE LAST WEEK. CITY HALL WAS PACKED WITH PEOPLE WHO ARE CONCERNED ABOUT THE DIRECTION OUR COUNTRY IS HEADED. THE MESSAGE WAS LOUD AND CLEAR, WASHINGTON HAS IGNORED THE VOICE OF THE AMERICAN PEOPLE AND PUSHED THROUGH AN AGENDA THAT DOES NOTHING BUT GROW THE SIZE OF GOVERNMENT AND THE NATIONAL DEBT. MADAM SPEAKER -- MR. SPEAKER, INSTEAD OF HANDING AN I.O.U. TO FUTURE GENERATIONS, WASHINGTON SHOULD EXERCISE FISCAL RESTRAINT AND PRODUCE ECONOMIC SOLIONS THAT LET PEOPLE AND BUSINESSES KEEP MORE OF WHAT THEY EARN SO THEY CAN INNOVATE, GROW, AND CREATE JOBS TO KICK START OUR ECONOMY. MR. SPEAKE WASHINGTON CAN NO LONGER IGNORE THE VOICE OF THE PEOPLE. AMERICANS ARE SPEAKING OUT AND WASHINGTON NEEDS TO LISTEN. THANK YOU, MR. SPEAKER.

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  • 10:16:57 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT PURPOSE DOES…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM CALIFORNIA RISE?

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  • 10:17:12 AM

    MR. BACA

    THE ECONOMY HADDED OVER 400,000 JOBS. SINCE THE BEGINNING OF LAST YEAR WE…

    THE ECONOMY HADDED OVER 400,000 JOBS. SINCE THE BEGINNING OF LAST YEAR WE ADDED AN AVERAGE OF 200,000 JOBS A MONTH. UNEMPLOYMENT RATE DROPPED IN THE 90% OF THE NATI'S LARGEST METRO AREAS WITH MUCH IMPROVEMENT SEEN IN THE MANUFACTURING SECTOR. INSTEAD OF OUTSOURCING LIKE IT WAS DONE IN THE PAST ADMINISTRATION. THANKS TO A LARGE PART TO FIRST-TIME HOME BUYERS, TAX CREDIT, HOME SALES ROSE IN APRIL AS WELL. BUT WHILE OUR ECONOMY IS SHOWING SIGNS OF PROGRESS, OUR WORK IS FAR FROM OVER. WE MUST CONTINUE TO FOCUS ON SOLID JOB CREATION BILLS THAT WILL HELP OUR ECONOMY MOVE FORWARD. YET EVEN THOUGH PROGRESS HAS BEEN MADE, REPUBLICANS WANT TO CONTINUE TO SIDE WITH WALL STREET AND BIG BANKS THAT CAUSED THE CRISIS. SAY NO. I [PRONOUNCER SAYS WORD] NO OVER AND OVER AGAIN IS NOT PROGRESS, IT IS DESTRUCTIVE. DEMOCRATS ARE COMMITTED TO WORKING ON INITIATIVES THAT CORRECT FAILED POLICIES OF THE PAST, BUT WE ALL MUST WORK TOGETHER, AND I STATE WE ALL MUST WORK TOGETHER. I YIELD BACK THE BALANCE OF MY TIME.

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  • 10:18:09 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT…

    THE GENTLEMAN YIELMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM TEXAS RISE?

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  • 10:18:13 AM

    >>

    I ASK UNANIMOUS CONSENT DDRESS THE HOUSE FOR ONE MINUTE. REVISE AND EXTEND…

    I ASK UNANIMOUS CONSENT DDRESS THE HOUSE FOR ONE MINUTE. REVISE AND EXTEND MY REMARKS.

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  • 10:18:16 AM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, SO ORDERED.

  • 10:18:18 AM

    MR. SMITH

    MR. SPEAKER, INVESTIGATIVE JOURNALISTS PURSUED ALLEGED SCANDALS INVOLVING…

    MR. SPEAKER, INVESTIGATIVE JOURNALISTS PURSUED ALLEGED SCANDALS INVOLVING FORMER HOUSE MAJORITY LEADER TOM DELAY AND FORMER WHITE HOUSE DEPUTY CHIEF OF STAFF KARL ROVE EVEN THOUGH NEITHER WAS EVER CONVICTED OF ANY WRONGDOING. BUT TODAY FEW INVESTIGATIVE REPORTERS ARE FOCUSED ON WHAT COULD BE A CRIMINAL ATTEMP BY THE OBAMA ADMINISTRATION TO MANIPULATE THE DEMOCRATIC SENATE PRIMARIES IN PENNSYLVANIA AND COLORADO. WHILE WE DON'T KNOW ALL THE FACTS ABOUT THE ADMINISTRATION'S ACTIONS, WE DO KNOW THE FOLLOWING. IT IS AGAINST THE LAW TO OFFER A GOVERNMENT JOB IN EXCHANGE FOR DROPPING OUT OF A POLITICAL RACE. IT IS AGAINST THE LAW FOR ADMINISTRATION OFFICIA TO INTERFERE IN THE NOMINATION PROCESS OF A SENATE ELECTION. AND IT IS AGAINST THE LAW TO OBSTRU JUSTICE. RATHER THAN INVESTIGATIVE REPORTERS DEMANDING ANSWERS FROM THE ADMISTRATION, WE HEAR ONLY THE SOUND OF CRICKETS CHIING ON THE WHITE HOUSE LAWN.

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  • 10:19:15 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE HIS TIME. FOR WHAT PURPOSE DOES THE…

    THE GENTLEMAN YIELDS BACK THE BALANCE HIS TIME. FOR WHAT PURPOSE DOES THE GENTLELADY FROM OHIO RISE? THE GENTLELADY IS RECOGNIZED.

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  • 10:19:25 AM

    MS. FUDGE

    AND DISHEARTENED BY CONGRESSIONAL REPUBLICANS' ATTEMPTS TO REINSTITUTE THE…

    AND DISHEARTENED BY CONGRESSIONAL REPUBLICANS' ATTEMPTS TO REINSTITUTE THE SAME FLAWED POLICIES THAT CREATED THE ECONOMIC CRISIS WE FIND OURSELVES IN TODAY. CONGRESSIONAL REPUBLICANS ARE DETERMINED TO ABANN AMERICANS WHO HAVE LOST THEIR JOBS. AND PARTNER WITH SPECIAL INTEREST GROUPS LIKE THE WALL STREET BANKS, CREDIT CARD COMPANIES, BIG OIL, AND INSURANCE COMPANIES. THEIR INTENT IS SHOWN IN THEIR TING RECORD. REPUBLICANS HAVE VOTED AGAINST EVERY MAJOR PIECE OF ECONOMIC LEGISLATION WE HAVE TAKEN UP THIS YEAR. THEY VOTED NO ON THE RECOVERY ACT. THEY VOTED NO TO REIN IN BANKS THROUGH WALL STREET REFORM. THEY EVEN VOTED NO FOR SUMMER JOBS. I AM PROUD TO BE A DEMOCRAT IN THIS CONGRESS AND STAND UP FOR HARD, WOULD GOING -- WORKING AMERICANS. OUR PARTY IS DEDICATED TO MOVING AMERICA IN A NEW DIRECTION, CREATING GOOD AMERICAN JOBS, LOWERING TAXES FOR SMALL BUSINESSES. AND BUILDING A STRONG FOUNDATION FOR THE ECONOMY AND MAIN STREET. THE GROWING SIGNS OF ECONOMIC RECOVERY SHOW OUR POLICIES ARE WORKING. AMERICAN JOBS HAVE BEEN CREATED IN SIX OF THE LAST SEVEN MONTHS, AVERAGING 200,000 A YEAR. WHILE MORE NEEDS TO BE DONE, AMERICIS ON THE ROAD TO RECOVERY. I YIELD BACK. THE EAKER PRO TEMPORE: THE GENTLELADY YIELDS BACK. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM TEXAS RISE? WITHOUT OBJECTION, SO ORDERED.

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  • 10:20:50 AM

    MR. JOHNSON

    RECENT GALLUP POLL SHOWED 79% OF AMERICANS NOW YOU FEW THE FEDERAL DEBT AS…

    RECENT GALLUP POLL SHOWED 79% OF AMERICANS NOW YOU FEW THE FEDERAL DEBT AS A SERIOUS THREAT TO THE FUTURE WELL-BEING OFTHIS NATION. IT'S NO WONDER BECAUSE THE ADMINISTRATION JUST ANNOUED THE NATION'S DEBT WILL REACH 93% OF G.D.P. THIS YEAR. A NEW HIGH. ECONOMIC EXPES PREDICT THAT AN UNPRECEDENTED DEBT LEVEL COULD SQUASH AT LEAST ONE MILLION MORE JOBS. THE NEWS CE THE SAME DAY TH LABOR DEPARTMENT REPORTED THAT NEARLY ALL OF THE NEW JOBS WERE TEMPORARY HIRES AT THE CENSUS AND SOME OF THEM REHIRES AT THAT. MAKE NO MISTAKE. THE OUT-OF-CONTROL GOVERNMENT SPENDING COUPLED WITH A HEAVY DEBT PREVENT US FROM CREATING THE QUALITY JOBS AND BRIGHT FUTURE AMERICANS WANT, NEE AND DESERVE. IT'S TIME TO GET OUR FISCAL HOUSE IN ORDER ONCE AND FOR ALL. THE STIMUL, THE BAILOUTS, GOVERNMENT-RUN HEALTH CARE. ENOUGH IS ENOUGH. YIELD BACK.

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  • 10:21:50 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT PURPOSE DOES…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM WISCONSIN RISE?

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  • 10:21:56 AM

    >>

    FOR ONE MINUTE. E SPEAKER PRO TEMPORE: THE GENTLEMAN IS RECOGNIZED.

  • 10:21:59 AM

    MR. KAGEN

    LAST WEEK I LISTENED TO FAMILIES IN GREEN BAY, RO SALKY -- WAUSAUKI, AN…

    LAST WEEK I LISTENED TO FAMILIES IN GREEN BAY, RO SALKY -- WAUSAUKI, AN EVERYWHERE I WENT PEOPLE WERE SAYING THE SAME THING. AND THEY ARE PLAYING BY THE RULES. PLAYING AND LIVING BY THE RULES. THEY ARE WORKING HARD AND PAYING THEIR BILLS ON TIME. IT'S THE WISCONSIN WAY. THEY HAVE ASKED ME TO DELIVER THIS MESSAGE TO WASHINGTON. NO MORE BAILOUTS FOR WALL STREET CORPORATIONS. BLOUTS OF BIG OIL COMPANIES WHO DETERMINED OUR ENERGY'S POLICY FOR DECADES. AND THE BRITISH PETROLEUM, WE SAY YOU BROKE IT, YOU FIX IT. ON MAY 19, I GAVE BRITISH PETROLEUM PRESIDENT OPPORTUNITY TO LIVE UP TO HIS CORPORATE WORD, IMMEDIATELY, NOT 10 YEARS FROM NOW. WHEN I ASKED HIM TO PUT $25 BILLION INTO THE UNITED STATES TREASURY AND BEGIN CLEANING UP THE WORST ENVIRONMENTAL DISASTER OUR NATION'S HISTORY. BUWHEN ASKED TO TAKE RESPONSIBILITY, HE TOOK A PASS. PEOPLE IN WISCONSIN BELIEVE IN RESPONSIBILITY BOTH PERSONAL AND CORPATE. PEOPLE IN WISCONSIN WANT B.P. TO PAY UP FRONT AND THAT IS WHY I'M INTRODUCING THE OIL SPILL RESPONSIBILITY ACT OF 2010, REQUIRING IMMEDIATE PAYMENT OF $25 MILLION BY B.P.

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  • 10:23:13 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN'S TIME HAS EXPIRED. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM…

    THE GENTLEMAN'S TIME HAS EXPIRED. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM INDIANA RISE?

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  • 10:23:19 AM

    >>

    TO ADDRESS THE HOUSE FOR ONE MINUTE. REVISE AND EXTEND.

  • 10:23:22 AM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, SO ORDERED.

  • 10:23:27 AM

    MR. PENCE

    THE HOUSE FOREIGN AFFAIRS COMMITTEE, I HAVE BEEN A STRONG SUPPORTER OF THE…

    THE HOUSE FOREIGN AFFAIRS COMMITTEE, I HAVE BEEN A STRONG SUPPORTER OF THE U.S.-TURKISH ALLIANCE. I HAVE BEEN TO TURKEY. I HAVE MET WITH OFFICIALS THERE. KNEW THE PRESIDENT BEFORE HE WAS PRESIDENT OF TURKEY. AND SO YOU CAN IMAGINE MY DISMAY, MR. SPEAKER, WITH THE RECENT AGGRESSIVE ACTION BY TURKEY TOWARD OUR MOST CHERISHED ALLY, IRAEL. THE COMPLICITY OF TURKEY IN LAUNCHING A FLOTILLA TO CHALLENGE THE BLOCKADE IN GAZA, THE ENSUING VIOLCE THAT OCCURRED, THE GRIEVOUS LOSS OF LIFE IS DEEPLY TROUBLING TO THOSE OF US WHO HAVE SUPPORTED THE U.S.-TURKISH ALLIANCE IN THE PAST. A FEW THINGS NEED TO BE SAID. WE GRIEVE THE LOSS OF LIFE. BUT ISRAEL HAS A RIGHT TO DEFEND ITSELF. AND TURKEY MUST KNOW THAT AMERICA WILL STAND WITH ISRAEL IN HER RIGHT TO DEFEND HERSELF. THERE IS NO HUMANITARIAN CRISIS IN GAZA. 10,000 TONS OF FOOD AND MEDICAL SUPPLIES ARE TRANSFERRED INTO GAZA EVERY SINGLE WEEK. AND THE BLOCKADE HAS SAVED LIVES. HAMAS USED THE GAZA STRIP TO LAUNCH VICIOUS AND BRUTAL ATTACKS, THOUSANDS OF ROCKETS ON CIVILIANS, IT COST LIVES IN GAZA, IT COST LIVES IN ISRAEL. TURKEY NEEDS TO COUNT THE COST. TURKEY NEEDS TO DECIDE WHETHER ITS PRESIDENT COURSE IS IN ITS LONG-TERM INTEREST. BUT AMERICA WILL STAND WITH ISRAEL.

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  • 10:24:55 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN'S TIME HAS EXPIRED. FOR WHAT PURPOSE DOES THE GENTLELADY…

    THE GENTLEMAN'S TIME HAS EXPIRED. FOR WHAT PURPOSE DOES THE GENTLELADY FROM ARIZONA RISE?

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  • 10:25:01 AM

    >>

    CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE.

  • 10:25:04 AM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, SO ORDERED.

  • 10:25:08 AM

    MRS. KIRKPATRICK

    SPEAKER, I RISE TO CELEBRATE THE LIFE OF A TRUE AMERICAN HERO. ON MAY 28,…

    SPEAKER, I RISE TO CELEBRATE THE LIFE OF A TRUE AMERICAN HERO. ON MAY 28, WE LOST ANOTHER OF THE LAST SURVIVG NAVAJO CODE TALKERS, REVEREND YAZZ OF WHITE CORN, ARIZONA. NAVAJO CODE TALKERS SAVED THE LIVES OF COUNTLESS AMERICANS DURING WORLD WAR II AND THE KOREAN WAR TO HELP THEM COMMUNICATE WITHOUT RISKS OF INTERCEPTION BY THE ENEMY. HE SERVED GREATLY AND HONORABLY AS PART THIS LEGENDAR GROUP. AFTER LEAVING THE MILITARY, HE KEPT GIVING BACK. SERVING FOR YEARS AS A MISSIONARY, STAYING INVOLVED WITH COMMUNITY WORK, AND HELPING ORGANIZE A COMMITTEE TO AID WORKERS SUFFERING FROM THE EFFECTS OF URANIUM EXPOSURE. AN ACTIVE MEMBER OF THE NAVAJO CODE TALKER ASSOCIATION, REVEREND YAZZIE WAS DEDICATED TO RECOGNIZING ALL THE NATIVE FIGHTING MEN AND WOMEN HAVE DONE FOR THIS COUNTRY. WE MUSFOLLOW HIS LEAD. IN HIS HONOR, I WILL CONTINUE MY EFFORTS TO KEEP OUR PROMISES TO VETERANS IN NAVAJO COUNTRY AND ACROSS THE INDIAN NATION. I YIELD BACK THE BALANCE OF MY TIME.

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  • 10:26:20 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLELADY YIELDS BACK HER TIME. FOR WHAT PURPOSE DOES THE GENTLEMAN…

    THE GENTLELADY YIELDS BACK HER TIME. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM WASHINGTON RISE?

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  • 10:26:28 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED.

  • 10:26:30 AM

    MR. INSLEE

    UNANIMOUS CONSENT THAT IN THE ENGROSSMENT OF THE BILL H.R. 2008, THE CLERK…

    UNANIMOUS CONSENT THAT IN THE ENGROSSMENT OF THE BILL H.R. 2008, THE CLERK BE DIRECTED TO CARRY OUT THE MODIFICATION THAT I HAVE PLACED AT THE DESK.

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  • 10:26:39 AM

    THE SPEAKER PRO TEMPORE

    THE CLERK WILL REPORT THE TITLE OF THE BILL.

  • 10:26:41 AM

    THE CLERK

    2008, A BILL TO AUTHORIZE THE SECRETARY OF THE INTERIOR TO FACILITATE THE…

    2008, A BILL TO AUTHORIZE THE SECRETARY OF THE INTERIOR TO FACILITATE THE DEVELOPMENT OFYDROELECTRIC POWER ON THE DIAMOND PORT SYSTEM ON THE CENTRAL UTAH PROJECT.

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  • 10:26:54 AM

    MR. INSLEE

    ASK UNANIMOUS CONSENT THAT THE READING BE DISPENSED WITH.

  • 10:26:58 AM

    THE SPEAKER PRO TEMPORE

    OBJECTION. CLERK WILL REPORT THE MODIFICATION. WITHOUT OBJECTION, THE…

    OBJECTION. CLERK WILL REPORT THE MODIFICATION. WITHOUT OBJECTION, THE MODIFICATION IS CONSIDERED AS READ. IS THERE OBJECTION TO THE MODIFICATION? IF NOT, SO ORDERED. PURSUANT TO CLAUSE 8 OF LE 20, THE CHAIR WILL POSTPONE FURTHER PROCEEDINGS TODAY ON MOTIONS TO SUSPEND THE RULES ON WHICH A RECORDED VOTE OR THE YEAS AND NAYS ARE ORDERED. OR ON WHICH THE VOTE IS -- INCURS OBJECTION UNDER CLAUSE 6 OF RULE 20. RECORDED VOTES ON POSTPONED QUESTIONS WILL BE TAKEN LATER. FOR AT PURPOSE DOES THE GENTLEMAN FROM WASHINGTON RISE?

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  • 10:27:31 AM

    MR. INSLEE

    THE CLERK WILL REPORT THE TITLE OF THE RESOLUTION.

  • 10:27:35 AM

    THE SPEAKER PRO TEMPORE

    THE CLERK WILL REPORT THE TITLE OF THE RESOLUTION.

  • 10:27:39 AM

    THE CLERK

    989, RESOLUTION EXPRESSING THE SENSE OF THE HOUSE OF REPRESENTATIVES THAT…

    989, RESOLUTION EXPRESSING THE SENSE OF THE HOUSE OF REPRESENTATIVES THAT THE UNITED STATES SHOULD ADOPT NATIONAL POLICIES AND PURSUIT INTERNATIONAL AGREEMENTS TO PREVENT OCEANACIDFICATION TO STUDY THE IMPACTS OF OCEAN ACIDFICATION AND ADDRESS THE EFFECTS OF OCEAN ACIDFICATION ON MARINE ECOSYSTEMS AND COASTAL ECONOMIES.

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  • 10:28:01 AM

    THE SPEAKER PRO TEMPORE

    PURSUANT TO THE RULE, THE GENTLEMAN FROM WASHINGTON, MR. INSLEE, ANTHE…

    PURSUANT TO THE RULE, THE GENTLEMAN FROM WASHINGTON, MR. INSLEE, ANTHE GENTLEMAN FROM UTAH, MR. CHAFFETZ, EACH WILL CONTROL 20 MINUTES. THE CHAIR RECOGNIZES THE GENTLEMAN FROM WASHINGTON.

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  • 10:28:09 AM

    MR. INSLEE

    YOU. I YIELD MYSELF SUCH TIME AS I MAY CONSUME. MR. SPEAKER, I ASK…

    YOU. I YIELD MYSELF SUCH TIME AS I MAY CONSUME. MR. SPEAKER, I ASK UNANIMOUS CONSENT TO REVISE AND EXTEND MY REMARKS. I K UNANIMOUCONSENT THAT ALL MEMBERS MAY HAVE FIVE LEGISLATIVE DAYS TO REVISE AND EXTEND THEIR REMARKS AND INCLUDE EXTRANEOUS MATERIAL ON THE RESOTION UNDER CONSIDERATION. THE SPKER PRO TEMPORE: WITHOUT OBJECTION, SO ORDERED.

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  • 10:28:24 AM

    MR. INSLEE

    MR. SPEAKER, WE HAVE A RESOLUTION BEFORE US THAT DEALS WITH A PROBLEM OF…

    MR. SPEAKER, WE HAVE A RESOLUTION BEFORE US THAT DEALS WITH A PROBLEM OF EXTRAORDINARY DIMENSIONS HAVING TO DO WITH THE HEALTH OF OUR OCEANS. I WANT TO THANK CHAIRMAN RAHALL, CHAIRWOMAN BORDALLO, MAJORITY LEADER HOYER, SUBCOMMITTEE CHAIR BRIAN BAIR WITH THEIR HELP IN GETTING A RESOLUTION TO THE FLOOR TO DEAL WH THIS EXTRAORDINARY THREAT. WE KNOW HOW MUCH AMERICANS TODAY ARE FEELING HEART SICK ABOUT THE DAMAGE TO OUR GULF AND PERHAPS THE ATLANTIC OCEAN AS A RESULT OF THE OIL SPILL WE ARE NOW SUFFERING. SO WT OUR RESOLUTION ATTEMPTS TO DO IS TO FOCUS ON ANOTHER PERHAPS WORSE THREAT TO THE OCEANS TODAY ASSOCIATED WITH THE BURNING OF FUELS -- FOSSIL FUELS, AND THAT IS THE SAD, UNAMBIGUOUS, SCIENTIFICALLY CERTAIN FACT THAT OUR OCEANS ARE COMING MORE ACIDIC, SUBSTANTIALLY MORE ACIDIC AS A RESULT OF CARBON-BASED POLLUTION FROM OUR BURNING OF OIL AND COAL AND OTHER FOSSIL FUELS. -- BECAUSE WHAT WE HAVE LEARNED IN OUR RESEARCH, AND WE HAVE HA A NUMBER OF HEARINGS ON THIS, IS THE SCIENTIFIC COMMUNITY IS TELLING US THAT BECAUSE OF CARBON DIOXIDE POLLUTION THAT COMES FROM BURNING OIL AND COAL, WHAT HAPPENS IS THAT THE CARBON DIOXIDE IS COMING OUT OF OUR SMOKESTACKS AND TAIL PIPES IS GOING OVER THE OCEANS AND THEN IS GOING INTO SOLUTION INTO THE OCEANS OF THE WORLD. AND FULLY OVER A QUARTER OF ALL THE CARBON THAT WE HAVE BURNED AFTER DIGGING IT OUT OF THE GROUND AND PIPING IT UP FROM BLOW HAS NOW FOUND ITS WAY INTO THOCEAN. THIS IS A SCIENTIFIC FACT. ALL SCIENTISTS, REPUBLICANS AND DEMOCRATS, AGREE ON THIS. AND AS THAT CBON DIOXIDE GOES INTO THE OCEAN IT CREATES ACID, IT CREATES ACIDIC CONDITION. . AND TODAY THE OCEANS ARE 23% MORE ACIDIC. NOW, THE MOST THING ABOUT THIS IS THAT ACID DOES NOT SEEM TO BE A SAFE AND BENIGN CONDITION IN THE OCEANS. THE SCIENTIS TOLD US IN THIS IN THEIR INVESTIGATIONS IS THAT THIS ACIDIFICATION IS INCREASING AT AN ALARMING RATE. THEY WERE 23% MORE ACIDIC BY THE END OF MY GRANDCHILD'S LIFETIME, THE OCEAN WILL BE 100%, THEY WILL BE TWICE AS ACIDIC AS THEY HAVE EVER BEEN DURING HUMANS' TIME ON EARTH. AND THIS IS PRESENTING EXTRAORDINARY DANGER TO HUMANS BECAUSE WE HAVE AN ATTACHMENT TO THE OCEA. AND WHAT WE'RE BEING TOLD BY THE SCIENTIFIC COMMUNITY IS THAT THE DANGER OF THESE ACIDIC CONDITIONS AREHAT IT MAKES IT DIFFICULT, IF NOT IMPOSSIBLE, FOR HUGE SWATHS OF THE LIFE IN THE OCEAN TO SURVIVE. AND THE REASON IS THAT LARGE PARTS OF THE OCEAN COMMUNITY DEPEND ON TAKING CALCIUM CARBONATE OUT OF THE WATER. THEY PRECIPITATE CALCIUM CAONATE OUT OF THEIR SHELLS. CLAMS TAKE CALCIUM CARBONATE OUT TO MAKEHELLS. PERHAPS MOST IMPORTANTLY, LARGE AMOUNTS OF THE PLANKTON THAT ARE THE BASE OF THE FOOD CHAIN, TAKE CALCIUM CARBONATE TO MAKE THE LITTLE STRUCTURES OF THEIR BODYO MAKE THESE SHELL-LIKE FORMS. AND AS THE OCEANS BECOME MORE ACIDIC -- AND THIS IS DISTURBING AND THIS IS TOOCUS AMERICANS' ATTENTION ON. AS THE OCEANS BECOME MORE ACIDIC, THESE LIFE FORMS ACTUALLY DISSOLVE IN THE ACIDIC WATERS OF THE OCEAN. AND WE ARE NOW APPROACHING THE AREA, THE LEVEL WHERE THE ACIDIC WATERS OF THE PACIFIC, ATLANTIC, SOUTHERN, NORTHERN OCEANS WILL ACTUALLY DISSOLVE THESE LIFE FORMS. LET ME TELL YOU HOW DANGEROUS THIS IS. THE DIRECTOR OF THE NATIONAL -- DIRECTOR OF NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION. SHE HAS COME HERE AND SHOWN US PHOTOGRAPHIC EVIDENCE OF SHELLS, THE LITTLE CALCIUM CARBONATE SOURCES OF 40% OF THE BASE OF THE FOOD CHAIN. AND SHE'S SHOWN US PICTURES OF THESE LITTLE CREARES ACTUALLY DISSOLVING IN WATER THAT WILL BE ACIDIC AS IT WILL BE AT THE END OF THE CENTURY IF WE DON'T CHANGE THINGS. NOW, THERE'S NO MYSTERY ABOUT THIS. IT'S A SCIENTIFIC FACT THAT THE WATERS ARE BECOMING MORE ACIDIC BECAUSE OF CARBON DIOXIDE AND IT'S A SCIENTIFIC FACT THAT LARGE PARTS OF THE EARTH'S OCEANS ARE DEPENDENT ON THIS PHENOMENA OF TAKING CALCIUM TO FORM THEIR LIFE. SO WHAT DOES THAT MEAN TO US? WELL, WHAT IT MEANS TO US AND OUR GRANDCHILDREN AND GRANDCHILDREN'S LIFETIME IS IF WE DON'T CHANGE WHAT WE'RE DOING IN AN INDUSTRIAL BASIS WE WILL HAVE SIGNIFICANT REDUCTION IN MANKIND'S USE OF THE OCEANS BECAUSE 4,500 MILLION PEOPLE IN THE WORLD DEPEND ON THEIR PROTEIN FROM THE OCEANS. TWO MILLION AMERICANS MAKE THEIR LIVELIHOODS FROM THE OCEANS THAT WILL BE IN JEOPARDY BECAUSE OF OCEAN ACIDIFICATION. $75 BILLION OF THE ECONOMY IS DEPENDENT ON WHAT IS NOW JEOPARDIZED BY THE OIL SPILL TODAY IN THE GULF, BUT WHEN YOU SEE THOSE SHRIMP FARMERS AND OYSTERMEN WHOSE LIVES ARE IN JEOPARDY IN THE GULF COAST TODAY, IT'S ALL THE FISHERMEN AROUND THE WORLD WHOSE LIVELIHOOD IS JEOPARDIZED BY OCEAN ACIDIFICATION. LET ME NOTE SOME OF THE SCIENTIFIC EVIDENCE ABOUT THIS. I WILL QUOTE FROM DR. RICHARD FEELEY FROM TEXAS TECH. QUOTE, ALREADY WE SEE WATERS SHOWING UP OFF THCOAST OF SOUTHERN CALIFORNIA THAT'S ACIDIC ENOUGH TO ACTUALLY START DISSOLVI SEASHELLS. IT'S NOT THAT THIS KIND OF CORROSIVE WATER SHOWING UP WILL BECOME MORE AND MORE COMMON. A QUOTE FROM "NATURE" MAGAZINE TS YEAR, QUOTE, BY MID CENTURY, IF WE CONTINUE EMITTING CARBON DIOXIDE THE WAY WE HAVE BEEN, THE ARCTIC OCEAN WILL BE SO CORROSIVE THAT D WILL CAUSE SEASHELLS TO DISSOLVE, CLOSED QUOTE. A QUOTE FROM "NATURE," QUOTE, IN DECADES, RISING OCEAN ACIDITY MAY BE ON SCALES THAT HAVE NOT OCCURRED FOR TENS OF MILLIONS OF YEARS, CLOSED QUOTE. PERHAPS THE MOST DISTURBING QUOTE I'VE HEARD IS FROM KIM, AN OCEAN GRAPHER FROM STANFORD WHO BASICALLY TOLD ME WE'RE HEADING FOR SOMETHING HE LIKENS AS AN OCEAN FULL OF WEEDS BECAUSE OF THE DESTRUCTION OF THESE MULTIPLE LIFE FORMS. IN THE ONE THAT'S -- AND THE ONE THAT'S MOST TELLING WHAT WE'RE SEEING IN THE GULF, A QUOTE FROM DONALD WATERS, COMMERCIAL FISHERMAN WHO FISHES FOR RED SNAPPER AND KING MACKEREL OUT OF PENSACOLA, FLORIDA. THIS IS A DEVASTATING GHOST LURKING IN THE SHADOWS THAT WILL CHANGE OUR WHOLE LIVES, CLOSED QUOTE. SO WHAT WE HAVE TODAY IS A RESOLUTION BY THE HOUSTHAT WE NEED TO ADOPT POLICIES A MOVE FORWARD IN EFFOS TO REDUCE THIS EVIL THAT IS NOW LURKING IN THE OCEANS OF OCEAN ACIDIFICATION. WE KNOW WHAT THE CULPRIT IS. IT'S CARBON DIOXIDE. WE NOW WHAT THE SOLUTION IS, CLEAN ENERGY TECHNOLOGY, THAT WE CAN EMBRACE TO TRY TO REDUCE THIS POLLUTION. AND WE KNOW THE ULTIMATE OUTCOME IF WE DO NOT ACT WHICH IS THAT OUR GRANDKIDS ARE NOT GOING TO HAVE AN OCEAN AS WE KNOW THEM. AND PERSONALLY I CAN TELL YOU IT'S ALREADY HIT MY STATE. OUR OYSTER PRODUCTION NOW IN THE STATE OF WASHINGTON HAS BEEN SEVERELY DAMPENED PROBABLY BECAUSE OF OCEAN ACIDIFICATION THAT PREVENTS THE OYSTER LARVA FROM SURVIVING. WE DIDN'T KNOW THIS FOR AN ABSOLUTE CERTAINTY YET, BUT THIS IS THE KIND OF THING THAT WE'RE STARTING TO SEE HAPPEN. WE'RE BETTER THAN THIS. WENOW WHAT THE OCEANS MEAN TO US. AND WE DO NOT INTEND TO LEAVE BEHIND AN OCEAN WITHOUT THE CREATORS CREATION OF CORAL REEFS AND ALL THE OTHER CREATIONS OF THE OCEAN. SO I COMMEND THIS RESOLUTION, AND I WILL RESERVE THE BALANCE OF MY TIME.

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  • 10:37:08 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM UTAH.

  • 10:37:12 AM

    MR. CHAFFETZ

    THANK YOU, MR. SPEAKER. I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

  • 10:37:16 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED.

  • 10:37:18 AM

    MR. CHAFFETZ

    HOUSE RESOLUTION 989 WOULD URGE THE UNITED STATES TO ADOPT NATIONAL…

    HOUSE RESOLUTION 989 WOULD URGE THE UNITED STATES TO ADOPT NATIONAL POLICIES AND PURSUE INTERNATIONAL AGREEMENTS TO PREVENT OCEAN ACIDIFICATION, TO STUDY THE IMPACTS OF OCEAN ACIDIFICATION AND ADDRESS THE IMPACTS ON MARINE ECOSYSTEMS AND COASTAL ECONOMIES. AS STATED IN THE RESOLUTION, CONGRESS PASSED THE FEDERAL OCEAN ACIDIFICATION RESEARCH AND MONITORING ACT LAST YEAR. THIS LEGISLATION AUTHORIZED FUNDING FOR RESEARCH ACTIVITIES TO BETTER UNDERSTAND OCEAN ACIDIFICATION. THIS IS TO THE TUNE OF APPROXIMATELY $76 MILLION. I WOULD STRESS THAT PRIOR TO ADOPTING NATIONAL POLICIES AND INTERNATIONAL AGREEMENTS WHICH COULD ADVERSELY IMPACT AMERICAN JOBS, THE ADMINISTRATION NEEDS TO CONTINUE ITS EFFORTS TO CONDUCT RESEARCH TO BETTER UNDERSTAND OCEAN ACIDIFICATION TO ENSURE EFFORTS TO ADDRESS ITS EFFECTS DO NOT NECESSARILY HARM THE UNITED STATES' ECONOMY. WE HAVE CONTRIBUTED SIGNIFICANT MONEY FORHIS OVER THE COURSE OF TIME. AND I AT THIS POINT, MR. SPEAKER, WOULD LIKTO RESERVE THE BALANCE OF MY TIME.

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  • 10:38:16 AM

    THE SPEAKER PRO TEMPORE

    THE NTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

    THE NTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM WASHINGTON. MR. INSLE MR. SPEAKER, I HAVE NO ADDITIONAL REQUESTS FOR TIME. I COMMEND THIS TO THE HOUSE AND RESERVE THE BALANCE OF MY TIME.

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  • 10:38:28 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM UTAH.

  • 10:38:31 AM

    MR. CHAFFETZ

    MR. SPEAKER. WOULD THE GENTLEMAN YIELD FOR A QUESTION? HELP ME UNDERSTAND…

    MR. SPEAKER. WOULD THE GENTLEMAN YIELD FOR A QUESTION? HELP ME UNDERSTAND WHY THIS RESOLUTION IS NEEDED AT THIS TIME. I DON'T WANT TO DEBATE YOUR -- AND I APPRECIATE YOUR PASSION FOR THIS TOPIC. IT'S EVIDENT AND I APPRECIATE THAT, BUT GIVEN THAT WE ALREADY PASSED THE FEDERAL OCEAN ACIDIFICATION RESEARCH AND MONITORING ACT AND AUTHORIZED SOME $76 MILLIONWHY THE NEED FOR THIS ADDITIONAL RESOLUTION?

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  • 10:38:59 AM

    MR. INSLEE

    IF THE GENTLEMAN WILL ALLOW ME TO RESPOND. IT'S A GREAT QUESTION AND THE…

    IF THE GENTLEMAN WILL ALLOW ME TO RESPOND. IT'S A GREAT QUESTION AND THE ANSWER IS CLEAR. YOU KNOW, YOU LOOK AT AMERICANS WHO TODAY HAVE ITEALLY DEEP IN THEIR HEARTS WHAT'S HAPPENING THE GULF. I KNOW IN YOUR DISTRICT, ALL OF OUR FOLKS, REPUBLICANS AND DEMOCRATS, UNDERSTAND THE DAMAGE THAT'S HAPPENING. WHAT AMERICANS ARE NOT AWARE OF YEIS THIS OTHER LOOMING POTENTIAL DISASTER IN THE OCEAN. AND WE BELIEVE IT'S IMPORTANT FOR THE U.S. CONGRESS TO GO ON RECORD TO SAY WE IN FACT ARE GOING TO DEAL WITH THIS, NOT JUST IN A RESEARCH COMPONENT. AND I APPRECIATE THE GENTLEMAN POINTING OUT WE'VE PASSED OUR COMPONENT TO DO RESEARCH. BUT REARCH IS NOT ENOUGH. WE NEED ACTION IN THE OCEANS. WE NEED TO REDUCE OUR CARBON POLLUTION IN THE OCEANS. AND SIMPLY STUDYING THIS PROBLEM IS NOT ENOUGH. WE CAN'T STUDY THE PROBLEM FOR THE NEXT SEVERAL DECADES AND LET THE OCEANS DIE. SO THAT'S THE REASON FOR THIS RESOLUTION.

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  • 10:40:00 AM

    MR. CHAFFETZ

    THANK YOU. IF THE GENTLEMAN WILL YIELD TO ANOTHER QUESTION. IT TALKS IN…

    THANK YOU. IF THE GENTLEMAN WILL YIELD TO ANOTHER QUESTION. IT TALKS IN THE VERY FIRST SENTENCE, THE UNITED STATES SHOULD ADOPT NATIONAL POLICIES. BY NATIONAL POLICIES, DOES THE GENTLEMAN MEAN THE CAP AND TRADE, DOES THE -- WHAT ARE NATIONAL POLICIES, IN YOUR MIND?

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  • 10:40:18 AM

    MR. INSLEE

    WELL, THERE ARE NUMEROUS POLICIES THAT COULD DEAL WITHHIS PROBLEM AND OUR…

    WELL, THERE ARE NUMEROUS POLICIES THAT COULD DEAL WITHHIS PROBLEM AND OUR RESOLUTION DOES NOT SPECIFY ANY PARTICULAR POLICY. WE LOOK TO THE BIPARTISAN EFFORTS THAT WE HOPE WILL SUCCEED HERE IN AN EFFORT THAT WILL REDUCE WHAT CAUSES OCEAN ACIDIFICATION, WHICH IS CARBON POLLUTION. THERE ARE MANY POLICIES THAT CAN DO THAT, AND WE'RE GOING TO HAVE --

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  • 10:40:38 AM

    MR. CHAFFETZ

    WOULD CAP AND TRADE?

  • 10:40:41 AM

    MR. INSLEE

    IT COULD BE ONE OF OSE BUT THERE ARE MANY OTHER POLICIES THAT COULD BE…

    IT COULD BE ONE OF OSE BUT THERE ARE MANY OTHER POLICIES THAT COULD BE BENEFICIA MANY OF WHICH HAVE PASSED THE HOUSE OF REPRESENTATIVES, INCLUDING OUR EFFORTS TO START BUILDING ELECTRIC CARS IN AMERICA RATHER THAN CHINA, BUILDING LITHIUM ION BATTERIES. WILL PUT HUNDREDS OF OU-OF-WORK AUTO WORKERS. MANY ARE NOT SPECIFIED IN THIS RESOLUTION.

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  • 10:41:05 AM

    MR. CHAFFETZ

    RECLAIMING MY TIME. I CONCUR WITH THE GENTLEMAN THAT WE NEED TO PURSUE…

    RECLAIMING MY TIME. I CONCUR WITH THE GENTLEMAN THAT WE NEED TO PURSUE GREEN TECHNOLOGIES. THAT INCLUDES NUCLEAR TECHNOLOGY, GETTING THE REGULATORY BODIES OUT OF THE WAY SO WE CAN PURSUE THE ADOPTION OF NATURAL GAS VEHICLES AND OTHER TYPES OF THINGS AND TECHNOLOGIES THAT WOULD TRULY HELP OUR ENVIRONMENT. I WOULD SIMPLY ALSO, MR. SPEAKER, SUGGEST THAT WHEN THE CHARACTERIZATION OF WHERE THE SCIENTIFIC COMMUNITY IS ON THIS, I DO PERSONALLY OBJECT TO THE QUOTE, ALL SCIENTISTS AGREE, END QUOTE. I DON'T THINK THAT IS THE CASE. FROM MY PURVIEW AND PERSPECTIVE, I DON'T THINK THAT, QUOTE, ALL SCIENTISTS AGREE. I DO THINK THERE IS STILL DEBATE IN THE SCIENTIFIC COMMUNITY AND I THINK THAT'S A HEALTHY THING. SO WITH THAT I'D LIKE TO RESERVE THE BALANCE OF MY TIME, MR. SPEAKER.

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  • 10:41:58 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. MEMBERS ARE REMINDED TO…

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. MEMBERS ARE REMINDED TO ADDRESS REMARKS IN DEBATE TO THE CHAIR AND NOT IN THE SECOND PERSON. THE GENTLEMAN FROM WASHINGTON.

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  • 10:42:10 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM WASHINGTON HAS 11 1/2 MINUTES.

  • 10:42:13 AM

    MR. INSLEE

    WE YIELD TW MINUTES TO MR. COHEN.

  • 10:42:15 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR TWO MINUTES.

  • 10:42:18 AM

    MR. COHEN

    THANK YOU, MR. SPEAKER. I WANT TO THANK THE SPONSOR OF THIS RESOLUTION.…

    THANK YOU, MR. SPEAKER. I WANT TO THANK THE SPONSOR OF THIS RESOLUTION. HE'S BEEN A LEADER ON THIS. THE FACT IS THEY SAY THAT POLITICIANS THINK OF THE NEXT ELECTIONS, STATESMEN THINK OF THE NEXT GENERATION. THIS RESOLUTION IS ABOUT THE NEXT GENERATION. AND THE NEXT GENERATION AND THE GENERATION AFTER THAT NEED TO HAVE AN EARTH THAT THEY CAN INHABIT THAT WAS SIMILAR TO THE EARTH THAT WAS INHABITED BY OUR PREDECESSORS BECAUSE WE'RE POLLUTING IT. WE NEED TO BE CAREFUL WHAT WE'RE DOING TO THE OCEAN. IT'S THE LAST FRONTIER AND WE'RE POLLUTING IT GREATLY. I WANT TO BRING UP A LADY, NO RELATION TO ME, DIANA COHEN. SHE'S DONE AN EXHIBITION ON PLASTICS IN SIN. SHE IS THE FOUNDER OF THE GROUP CALLED THE PLASTICS POLLUTION COALITION. PLASTICS HAVE A BREAKUP AND SPREAD POISONS AND TOXICS THAT THREATEN OUR SEA LIFE, OUR MARINE LIFE, GET INTO OUR SYSTEMS THROUGOUR INGESTING AND EATING THOSE ANIMALS AND ARE A THREAT TO OUR OWN PRESENT EXISTENCE AND THEY THREATEN WHEN PLASTICS ARE PRODUCED AND THEY'RE PUT INTO THE ATMOSPHERE AND IN THE ENVIRONMENT AND END UP IN THE OCEAN THEY THREATEN US. SO WHAT SHE HAS DONE IN BARCELONA, SPAIN, ON THE EIGHTH OF JUNE, WHICH IS WORLD OCEAN DAY, IS HAVE AN OCEAN OF PLASCS EXHIBIT AND TAKEN PLASTICS FROM THE OCEAN AND CREATED ART. IT IS TEACHING STUDENTS THERE ABOUT THE DANGERS OF PLASTICS, THE THREAT TO OUR OCEAN LIFE AND TO OUR MARINE FUTURE. I COMMEND DIANA COHEN FOR HER WORK. I COMMEND MR. INSLEE FOR HIS WORK, BEING A STATESMAN AND LOOKING OUT FOR THE NEXT GENERATION AND FOR MOTHER EARTH, WHICH WE HAVE A DUTY TO PRESERVE. THANK YOU, MR. SPEAKER, AND THANK YOU, MR. INSLEE.

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  • 10:43:59 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM UTAH.

  • 10:44:02 AM

    MR. CHAFFETZ

    THANK YOU, MR. SPEAKER. YOU KNOW, ONE OF THE CONCERNS I HAVE ABOUT THIS…

    THANK YOU, MR. SPEAKER. YOU KNOW, ONE OF THE CONCERNS I HAVE ABOUT THIS RESOLUTION IS THE VAGUE NATURE OF WHAT THESE SO-CALLED NATIONAL POLICIES WOULD BE. AGAIN, I'D LIKE TO ASK THE GENTLEMAN IF HE'D YIELD TO A QUESTION. IS H.R. 2454, THE WAXMAN-MARKEY BILL, ONE OF THE, QUOTE, NATIONAL POLICIES?

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  • 10:44:21 AM

    MR. INSLEE

    WELL, THE NATIONAL POLICIES WILL BE DECIDED BY THIS CONGRESS RATHER THAN…

    WELL, THE NATIONAL POLICIES WILL BE DECIDED BY THIS CONGRESS RATHER THAN JUST MYSELF OR THE GENTLEMAN. THIS WILL BE A DECISION, THE POLICIES THAT WE WILL MAKE HOPEFULLY IN A BIPARTISAN BASIS. THE RESOLUTION DOES NOT PERTAIN TO ANY PARTICULAR POLICY. THERE ARE PROBABLY 1,000 GOOD IDEAS HERE. WE HOPE TO FIND THE BEST 1,000 AND PUT THEM ALL TO WORK.

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  • 10:44:43 AM

    MR. CHAFFETZ

    RECLAIMING MY TIME. I'D LIKE TO RESERVE THE BALANCE OF MYIME.

  • 10:44:47 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM WASHINGTON.

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  • 10:44:51 AM

    MR. INSLEE

    I YIELD MYSELF SUCH TIME AS I MAY NSUME. I WOULD LIKE TO --

  • 10:44:54 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED.

  • 10:44:56 AM

    MR. INSLEE

    I'D LIKE TO MAKE A COUPLE OF POINTS. FIRST OFF, I WANT TO MAKE CLEAR THAT…

    I'D LIKE TO MAKE A COUPLE OF POINTS. FIRST OFF, I WANT TO MAKE CLEAR THAT THERE REALLY IS NO SCIENTIFIC DEBATE OR UNCERTAINTY ABOUT A COUPLE OF PHYSICAL FACTS. I JUST WANT TO MAKE THIS PRETTY CLEAR. YOU CAN REALLY SEARCH THE WORLD OVER AND YOU REALLYILL NOT FIND ANY SCIENTISTS WHO WILL DISPUTE THE CONCLUSION THAT WHEN WE PUT CARBON DIOXIDE IN THE AIR MUCH OF IT ENDS UP IN THE OCEAN AND DISSOLVE AND CREATES MORE ACIDIC CONDITIONS. THAT'S AN ESTABLISHED SCIENTIFIC FACT. THE SECOND SCIENTIFIC ESTABLISHED FACT IS BECAUSE OF SOME OF THE GREAT WORK DOING -- BY NOAA, WE'REINDING THAT THE OCEANS ARE BECOMING MORE ACIDIC. I MET THE NOAA SHIPS WHEN THEY CAME IN A YEAR AND A HALF AGO. THEY DIPPED LITTLE CONTAINERS IN THE WATERS IN VARIOUS PLACES IN THE WATER COLUMN. THEY BRING IT UP D DETERMINE ITS ACIDITY. WE DID THIS AS JUNIORS AND SENIORS IN HIGH SCHOOL. THAT IS AN ESTABLISHED FACT. THERE WAS REALLY NO DEBATE IN THE SCIENTIFIC COMMUNITY ABOUT THIS. NOW, THERE IS A QUESTION OF HOW SOON THE CORAL REEFS WILL DISAPPEAR. . IS IT YEARS, 60 YEARS, 100 YEARS? THERE IS STILL

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  • 10:46:17 AM

    THE SPEAKER PRO TEMPORE

    SOMETHING ABOUT IT. I RESERVE THE BALANCE OF MY TIME.

  • 10:48:37 AM

    MR. CHAFFETZ

    THANK YOU, MR. SPEAKER. THERE ARE SOME ASSERTION THAT IS THIS IS THE WORST…

    THANK YOU, MR. SPEAKER. THERE ARE SOME ASSERTION THAT IS THIS IS THE WORST THREAT THAN WHAT'S GOING ON IN THEULF. THE MOST IMMEDIATE THREAT TO THE OCEANS AT LEAST THAT WE SEE IS THE -- WHAT'S GOING ON WITH THE OISPILL IN THE GULF. IT'S NOTHING SHORT OF SHOCKING THIS PRESIDENT HAS EVEN CALLED THE LEADER OF BRITISH PETROLEUM. WHY CAN'T HE EVEN MAKE A CALL AFTER NEARLY 50 DAYS IS TRULY ABSOLUTELY SHOCKING. AGAIN I THINK WE NEED TO CONTINUE TO HAVE DEBATE AND TALK ABOUT THE NEED TO ADDRESS THE ACIDFICATION OF THE OCEANS, BUT I DO FIND THAT THIS HOUSE RESOLUTION IS AMBIGUOUS WHEN IT TALKS ABOUT ADOPTING NATIONAL POLICIES, WHICH I THINK IS A SIMILARLY VEILED ATTEMPT WE SHOULD BE ADOPTING THE CAP AND TRADE BILL. FURTHER, I FIND THAT THIS BILL IS REDUNDANT IN TERMS OF THE FACT THAT THE CONGRESS PASSED THE FEDERAL OCEAN ACIDFICATION RESEARCH AND MONITORING ACT LAST YEAR. ALLOCATING -- OR PUTTING ASIDE -- AUTHORIZING MONEY TO THTUNE OF SOME $76 MILLION. WITH THAT I RESERVE THE BALANCE OF MY TIME.

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  • 10:49:42 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALAN OF HIS TIME. THE GENTLEMAN FROM…

    THE GENTLEMAN RESERVES THE BALAN OF HIS TIME. THE GENTLEMAN FROM WASHINGTON.

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  • 10:49:46 AM

    MR. INSLEE

    TO MAKE POINT, WE ARE NOT ADVOCATING ANY PARTICULAR POLIC. BUT WE ARE…

    TO MAKE POINT, WE ARE NOT ADVOCATING ANY PARTICULAR POLIC. BUT WE ARE ADVOCATING HERE THAT WE ARE A BIPARTISAN BASIS TAKE THE BLINDERS OFF TO A PROBLEM THAT WE HAVE TO FACE ON A BIPARTISAN BASIS. AND YOU CAN'T RUN OR HIDE FROM OCEAN ACIDFICATION. THE OCEANS WILL HAVE 150% INCREASE IN THE ACIDITY OF THE OCEAN IF WE DON'T FIND A BIPARTISAN SOLUTION TO THIS PROBLEM. YOU ARE GOING TO HAVE MORE CO-2 IN THE OCEANS TN IN THE LAST 650,000 YEARS IF WE DON'T FIND SOME BIPARTISAN SOLUTION TO THIS PROBLEM. WE JUST THINK THE FIRST STEP NIFF SOLUTION IS RECOGNIZING A PROBLEM -- FIRST STEP IN WRECK THE SOLUTION IS REGNIZING A PROBLEM. WITH THAT I RESERVE THE BALANCE OF MY TIME.

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  • 10:50:39 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM UTAH.

  • 10:50:42 AM

    MR. CHAFFETZ

    MR. SPEAKER, I HAVE NO ADDITIONAL SPEAKERS. I'LL CONTINUE TO RESERVE THE…

    MR. SPEAKER, I HAVE NO ADDITIONAL SPEAKERS. I'LL CONTINUE TO RESERVE THE BALANCE OF MY TIME UNLESS --

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  • 10:50:47 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM UTAH RESERVES HIS TIME. THE GENTLEMAN FROM WASHINGTON.

  • 10:50:52 AM

    MR. INSLEE

    A MINUTE TO MR. KUCINICH.

  • 10:50:54 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM OHIO IS RECOGNIZED FOR ONE MINUTE.

  • 10:50:57 AM

    MR. KUCINICH

    THANK YOU VERY MUCH. I RISE IN SUPPORT OF THE RESOLUTION WHICH RECOGNIZES…

    THANK YOU VERY MUCH. I RISE IN SUPPORT OF THE RESOLUTION WHICH RECOGNIZES WORLD OCEAN DAY. I'M GOING TO RESERVE THE BLANCE OF THE TIME.

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  • 10:51:18 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM UTAH.

  • 10:51:20 AM

    MR. CHAFFETZ

    HE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

    HE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM WASHINGTON.

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  • 10:52:20 AM

    MR. INSLEE

    WOULD LIKE TO COMMENT, WE ARE GOING TO HAVE LOTS OF DEBATES ABOUTHE RIGHT…

    WOULD LIKE TO COMMENT, WE ARE GOING TO HAVE LOTS OF DEBATES ABOUTHE RIGHT POLICY TO DEAL WITH THIS PROBLEM. BUT THE COUNTRY THAT PUT A MAN ON THE MOON SHOULD NOT BE THE COUNTRY TO BLIND ITSELF TO AN OBVIOUS PROBLEM. AND WE ARE GOING TO BE SWALLOD BY THIS AND THE OCEANS ARE GOING TO BE SWALLOWED BY THIS UNLESS WE FIRST RECOGNIZE THE PRLEM. IT'S A SIMPLE BIPARTISAN STEP TO SAY WE GOT A PROBLEM, WE GOT TO WORK TOGETHER TO SOLVE IT. LET'S DO THAT. I COMMEND THIS. AND I YIELD BACK THE BALANCE OF MY TIME. THE SPEAR PRO TEMPORE: THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. -- THE GENTLEMANIELDS BACK THE BALANCE OF HIS TIME. THE QUESTION IS WILL THE HOUSE SUSPEND THE RULES AND PASS HOUSE RESOLUTION 989, SO MANY AS ARE IN FAVOR SAY AYE. THOSE OPPOSED, NO. IN THE OPINION OF THE CHAIR, 2/3 OF THOSE VOTING HAVING RESPONDED IN THE AFFIRMATIVE, THE RULES ARE SUSPENDED, THE RESOLUTION IS PASSED -- THE GENTLEMAN FROM UTAH.

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  • 10:53:05 AM

    MR. CHAFFETZ

    MR. SPEAKER, ON THAT I ASK -- DEMAND THE YEAS AND NAYS.

  • 10:53:09 AM

    THE SPEAKER PRO TEMPORE

    THE YEAS AND NAYS ARE REQUESTED. ALL THOSE IN FAVOR OF TAKING THIS VOTE BY…

    THE YEAS AND NAYS ARE REQUESTED. ALL THOSE IN FAVOR OF TAKING THIS VOTE BY THE YEAS AND NAYS WILL RISE AND REMAIN STANDING UNTIL COUNTED. A SUFFICIENT NUMBER HAVING ARISEN, THE YEAS AND NAYS ARE ORDERED. PURSUANT TO CLAUSE 8 OF RULE 20 AND THE CHAIR'S PRIOR ANNOUNCEMENT, FURTHER PROCEEDINGS ONHIS MOTION WILL BE POSTPONED. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM MASSACHUSETTS SE RECOGNITION?

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  • 10:53:40 AM

    >>

    MOVE THAT THE HOUSE SUSPEND THE RULES AND AGREE TO H.R. 5026, THE GRID…

    MOVE THAT THE HOUSE SUSPEND THE RULES AND AGREE TO H.R. 5026, THE GRID RELIABILITY AND INFRASTRUCTURE DEFENSE, OR GRIDCT.

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  • 10:53:51 AM

    THE SPEAKER PRO TEMPORE

    THE CLERK WILL REPORT THE TITLE --

  • 10:53:55 AM

    THE SPEAKER PRO TEMPORE

    THE CLERK WILL REPORT THE TIELE OF THE BILL.

  • 10:53:58 AM

    THE CLERK

    A BILL TO AMEND THE FEDERAL POWER ACT TO PROTECT THE BULK POWER SYSTEM AND…

    A BILL TO AMEND THE FEDERAL POWER ACT TO PROTECT THE BULK POWER SYSTEM AND ELECTRIC INFRASTRUCTURE CRITICAL TO THE DEFENSE OF THE UNITED STATES FROM CYBERSECURITY AND OTHER THREATS AND VULNERABILITIES. THE SPEAKEPRO TEMPORE: PURSUANT TO THE RULE, THE GENTLEMAN FROM MASSACHUSETTS, MR. MARKEY, AND THE GENTLEMAN FROM MICHIGAN, MR. UPTON, EACH WI CONTROL 20 MINUTES. THE CHAIR RECOGNIZES THE GENTLEMAN FROM MASSACHUSETTS.

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  • 10:54:19 AM

    MR. MARKEY

    THANK YOU, MR. SPEAKER, VERY MUCH. I ASK UNANIMOUS CONSENT THAT ALL…

    THANK YOU, MR. SPEAKER, VERY MUCH. I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE LEGISLATIVE DAYS TO REVISE AND EXTEND THEIR REMARKS AND INCLUDE EXTRANEOUS MATERIAL IN THE RECORD.

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  • 10:54:33 AM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, SO ORDERED.

  • 10:54:35 AM

    MR. MARKEY

    YOU, MR. SPEAKER. MR. SPEAKE I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

  • 10:54:41 AM

    MR. MARKEY

    MR. SPEAKER, AMERICA'S ELECTRIC GRID IS VULNERABLE TO CYBEROR OTHER…

    MR. SPEAKER, AMERICA'S ELECTRIC GRID IS VULNERABLE TO CYBEROR OTHER ATTACKS, BY TERRORISTS OR HOSTILE COUNTRIES. OUR ADVERSARIES ARE ACTIVELY PROBING THESE WEAKNESSES AND ALREADY HAVE THE CAPACITY TO EXPLOIT THEM. THE CONSEQUENCES OF SUCH AN ATTACK COULD BE DEVASTATING. THE COMMERCIALLY OPERATED GRID PROVIDES 99% OF THE POWER USE BY OUR DEFENSE FACILITIES. EVERY ONE OF OUR NATION'S CRITICAL CIVILIAN SYSTEM, WATER, COMMUNICATION, HEALTH CARE, TRANSPORTATION, LAW ENFORCEMENT, AND FINANCIAL SERVICES DEPENDS ON THAT GRID. CLASSIFIED MEMBER BRIEFINGS HAVE UNDERSCORED THE URGENCY OF THIS THREAT. THE GRID ACT, WHICH HAS BEEN PRODUCED OUT OF THE ENERGY AND ENVIRONMENT SUBCOMMITTEE OF THE ENERGY AND COMMERCE COMMITTEE, WOING WITH MR. UPTON, THE RANKING MEMBER OF THE SUBCOMMITTEE, PASSED BY UNANIMOUS 47-0 VOTE. IT IS THE PRODUCT OF MONTHSF BIPARTISAN WORK, LED BY CHAIRMAN WAXMAN AND RANKING MEMBERS BARTON AND UPTON. IT REFLECTS IMPORTANT WORK OF -- BY MR. BARROW AND OTHER MEMBERS OF THE ENERGY AND COMMERCE COMMITTEE AND BY CHAIRMAN THOMPSON, REPRESENTATIVE CLARKE, CHAIRWOMAN CLARKE, AND OTHERS ON THE HOMELAND SECURITY COMMITTEE. AND IT SHOWS THAT WHEN IT COMES TO THE NEXUS BETWEEN NATIONAL SECURITY AND ENERGY, ALL AMERICANS AGREE THAT WE MUST CHART A MORE SECURE PATH. AT THIS POINT, MR. SPEAKER, I WOULD LIKE TO RESERVE THE BALANCE OF MY TIME. E SPEAKER PRO TEMPORE: THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM MICHIGAN.

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  • 10:56:40 AM

    MR. UPTON

    THANKOU, MR. SPEAKER. I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

  • 10:56:45 AM

    MR. UPTON

    YOU, MR. SPEAKER. MR. SPEAKER, I, TOO, WANT TO COMPLIMENT THE MEMBERS ON…

    YOU, MR. SPEAKER. MR. SPEAKER, I, TOO, WANT TO COMPLIMENT THE MEMBERS ON OUR COMMITTEE, BOTH REPUBLICAN AND DEMOCRAT, NOT ONLY IN OUR SUBCOMMITTEE THAT MR. MARKEY CHAIRS AND I'M THE RANKING MEMBER, BUT ALSO CHAIRMAN WAXMAN AND RANKING MEMBER BARTON. THIS HAS BEEN A MULTIYEAR EFFORT, IT REALLY HAS. THIS BILL IS THE PRODUCT OF THAT WORK. WE HAVE HAD A NUMBER OF CLASSIFIED HEARINGS AND DISCUSSIONS AND BRIEFINGS OVER THE LAST COUPLE YEARS WITH MEMBERS ATTENDING FOR HOURS AT A TIME. WE HAVE HAD SOME PUBLIC HEARINGS AS WELL. AND THIS BILL IS A PART OF THAT WHICH IS EXACTLY WHY THE BILL PASSED OUT OF FULL COMMITTEE 47-0 ON A ROLL CALL VOTE. THE SECURITY OF OUR NATION'S ENERGY INFRASTRUCTURE FROM ATTACK IS ONE OF THE MOST IMPORTANT ISSUES THAT THIS CONGRESS MIGHT ADDRESS THIS YEAR. AND IT'S NOT AN ISSUE THAT WE COULD TAKE LIGHTLY. ENERGY AS WE KNOW, ELECTRICITY, LITERALLY POWERS OUR ECONOMY IN EVERYTHING THAT WEO. EVEN SMALL PRICE SPIKES AND SUPPLY HAVOC ON OUR ECONOMY FOR PERHAPS WHO KNOWS HOW LONG, AND IT IS IMPERATIVE THAT THE SECURITY OF OUR NATION'S ENERGY INASTRUCTURE GETS ALL OF THE ATTENTION THAT IT DESERVES THIS LEGISLATION IS A STEP IN THE RIGHT DIRECTION TO PROTECT OUR CRITICAL ENERGY AND DEFENSE INFRASTRUCTURE. LET ME TELL YOU A COUPLE OF THINGS THAT THIS BILL DOES. AS IT RELATES TO CYBERAND ELECTROMAGNETI WEAPONS, IT GIVES FERC THE AUTHORITY TO ESTABLISH STANDARDS TO PROTECT THE POWER SYSTEM AGAINST VUSSNERBLETS FROM MALICIOUS ACTS USING ELECTROMAGNETIC WEAPONS. GEOMAGNETIC STORMS, THE BILL REQUIRES FERC TO DIRECT NERC TO SUBMIT FOR APPROVAL THE RELIABILITY STANDARD UNDER SECTION 250 TO PROTECT THE INFRASTRUCTURE, AND FOR LARGE TRANSFORMERS THE BL REQUIRES FERC AGAIN TO DIRECT NERC TO SUBMIT FOR APPROVAL RELIABILITY STANDARD UNDER SECTION 215 TO REQUIRE ADEQUATE AVAILABILITY OF LARGE TRANSFORMERS TO ENSURE THE RELIABILITY OF THE INFRASTRUCTURE IN THE EVENT OF AN ATTACK WITH A GEOMAGNETIC STORM. I WOULD LIKE TO CITE JUST A VERY FEW WORDS IN A LETTER THAT WAS SIGNED BY SOME REAL NATIONAL SECURITY EXPERTS. JAMES WOOLSEY, STEVEN HADLEY, RUDY DELEONE, JAMES SCHLESINGER, AND WILLIE SCHNEIDER JR., IT'S AN OFFICIAL USE OVERWHELM LETTER SO I CANNOT SUBMIT IT FOR TE RECORD OR READ MORE THAN A FEW WORDS. THEY SAY TOGETHER, WE STRONGLY ENDORSE TIMELY PASSAGE OF THIS LEGISLATION IN RECOGNITION THAT THE ELECTRICITY GRID IS A CRITICAL NATIONAL SECURITY ASSET. THE BACKBONE OF DEFENSE CAPABILITY IN MODRN CIVILIZATION AND ALSO IN RECOGTION THAT THE GRID IS VULNERABLE. THE LETTER GOES ON. WE DON'T WANT A VULNERABLE GRID, WE AS SOCIETY CANNOT LIVE WITH A VULNERABLE GRID. THIS BILL CORRECTSMENT OF THE FLAWS IN WHAT -- CORRECTS MANY OF THE FLAWS IN WHAT COULD OTHERWISE BE STANDING OPERATING PROCEDURE AND AGAIN I APPLAUD AND THANK MY CHAIRMAN WAXMAN AND MARKEY AND RANKI MEMBER BARTON AND ALL THE MEMBERS OF OUR COMMITTEE WHO HAVE SPENT MANY HOURS TO ADDRESS THE SITUATION WITH THIS LEGISLATION AND I RESERVE THE BALANCE OF MY TIME.

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  • 11:00:27 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM MASSACHUSETTS.

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  • 11:00:31 AM

    MR. MARKEY

    THANK YOU, MR. SPEAKER. I YIELD AS MUCH TIME AS HE MAY CONSUME TO THE…

    THANK YOU, MR. SPEAKER. I YIELD AS MUCH TIME AS HE MAY CONSUME TO THE CHAIRMAN OF THE FULL ENERGY AND COMMERCE COMMITTEE, CHAIRMAN WAXMAN FROM THE STATE OF CALIFORNIA.

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  • 11:00:43 AM

    THE SPEAKER PRO TEMPORE

    THE GENTMAN FROM CALIFORNIIS RECOGNIZED. .

  • 11:00:49 AM

    MR. WAXMAN

    I SUPPORT THIS ACT. THIS IS A BIPARTISAN LAW WHEN IT BECOMES SIGNED BY THE…

    I SUPPORT THIS ACT. THIS IS A BIPARTISAN LAW WHEN IT BECOMES SIGNED BY THE PRESIDENT. AND IT WOULD BE VITAL TO PROTECTING THE NATION'S ELECTRIC GRID FROM CYBERATTACKS, DIRECT PHYSICAL ATTACKS AND ECTROMAGNETIC PULSES AND SOLAR STORMS. BEGINNING IN THE LAST CONGRESS, A GROUP OF MEMBERS ON A BIPARTISAN BASIS WORKED THIS LEGISLATION. ED MARKEY, JOE BARTON, FRED UPTON AND JOHN DINGELL, RICK BOUCHER PLAYED SIGNIFICANT ROLES IN DEVELOPING THE PROPOSAL. JOHN BARROWAD A VERY IMPORTANT PART OF THIS LEGISLATION AS WELL. AND I COMMEND ALL OF THEM FOR WORKING TOGETHER WITH ME IN PREPARING FOR THIS LEGISLATION THAT WE'RE PRESENTING TO OUR COLLEAGUES TODAY. E STAFFS OF BOTH THE MAJORITY AND THE MINORITY HAD EXTENSIVE DISCUSSIONS WITH INTERESTED STAKEHOLDERS AND AGENCIES. WE WORKED WITH MANY MEMBERS TO ANSWER THEIR QUESTIONS, ADDRESS THEIR CONCERNS AND CONSIDER THEIR CONSTRUCTIVE SUGGESTIONS. IT'S BEEN A COOPERATIVE PROCESS THAT HAS PRODUCED STRONG BIPARTISAN LEGISLATION. IN FACT, THE ENERGY AND COMMERCE COMMITTEE FAVORABLY REPORTED THE BILL BY A UNANIMOUS VOTOF 47-0. TODAY, OUR ELECTRIC GRID SIMPLY ISN'T ADEQUATELY PROTECTED FROM A RANGE OF POTENTIAL THREATS IN AN EMERGENCY SITUATION WHERE THE GRID FACES AN IMMINENT THREAT. THE FEDERAL ENERGY REGULATORY COMMISSION CURRENTLY LACKS AUTHORITY TO REQUIRE THE NECESSARY PROTECTIVE MEASURES. THERE ARE ALSO AN EVER GROWING NUMBER OF SECURITY VULNERABILITIES. THESE ARE WEAKNESSES IN THE GRID THAT COULD BE EXPITED BY CRIMINALS, TERRORISTS OR OTHER COUNTRIES TO DAMAGE OUR ELECTRIC GRID. THERE ARE WEAKNESSES THAT EVEN MAKE THE ID VULNERABLE TO NATURALLY OCCURRING GEOMAETIC STORMS. THIS BIPARTISAN LEGISLATION WILL PROVIDE THE FEDERAL ENERGY REGULATORY COMMISSION WITH THE AUTHORITIES IT NEEDS TO ADDRESS THESE THREATS. IT ALSO DIRECTS THEOMMISSION TO LOOKT LONG TERM, NOT JUST THE IMMINENT THREAT, WITH STANDARDS WRITTEN OR APPROVED BY THE COMMISSION. IN ADDITION, THE BILL INCLUDES PROVISIONS THAT FOCUS SPECIFICALLY ON THE PORTIONS OF THE GRID THAT SERVE FACILITIES CRITICAL TO THE DEFENSE OF THE UNITED STATES. THERE ARE IMPORTANT NATIONAL SECURITY AND GRID RELIABILITY ISSUES. WE'VE HEARD FROM THE DEFENSE DEPARTMENT, FROM FORMER DEFENSE SECRETARIES, NATIONAL SECURITY ADVISORS AND C.I.A. DIRECTORS. THEY'VE TOLD US THAT THE CHANGES MADE BY THIS BILL ARE CRITICAL TO OUR NATIONAL SECURITY, AND THE CONGRESSIONAL BUDGET OFFICE CONFIRMS THAT THE FINAL BILL IS BUDGET NEUTRAL. TODAY'S LEGISLATION IS AN OPPORTUNITY FOR ALL OF US TO WORK TOGETHER, AND I URGE MY COLLEAGUES TO SEIZE THIS OPPORTUNITY. IT'S IMPORTANT BIPARTISAN LEGISLATION. I YIELD BACK THE BALANCE OF MY TIME.

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  • 11:03:59 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM MICHIGAN.

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  • 11:04:04 AM

    MR. UPTON

    I KNOW THAT WE HAD ONE OTHER MEMBER THAT WANTED TO SPEAK BUT I DON'T SEE…

    I KNOW THAT WE HAD ONE OTHER MEMBER THAT WANTED TO SPEAK BUT I DON'T SEE HIM ON THE FLOOR, SO I CONTINUE TO RESERVE THE BALANCE OF MY TIME.

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  • 11:04:09 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN SERVES THE BALANCE HIS TIME. THE GENTLEMAN FROM MASSACHETTS.

  • 11:04:15 AM

    MR. MARKEY

    MR. SPEAKER. I YIELD -- AND CHAIRMAN WAXMAN HAS MADE REFERENCE TO HIM…

    MR. SPEAKER. I YIELD -- AND CHAIRMAN WAXMAN HAS MADE REFERENCE TO HIM ALREADY -- THE GENTLEMAN FROM GEORGIA, MR. BARROW, WHO IS PROBABLY THE LONGEST STANDING MEMBER WORKING ON THIS ISSUE. I YIELD TWO MINUTES TO THE GENTLEMAN FROM GEORGIA.

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  • 11:04:31 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR TWO MINUTES.

  • 11:04:34 AM

    MR. BARROW

    THANK YOU, MR. SPEAKER. I THANK THE GENTLEMAN FOR YIELDING. I THANK HIM…

    THANK YOU, MR. SPEAKER. I THANK THE GENTLEMAN FOR YIELDING. I THANK HIM FOR HIS WORK ON THIS IMPORTANT SUBJECT. MR. SPEAKER, THE GRID GENERATES AND DWRIBTS ELECTRICITY ACROSS OUR COUNTRY IS -- DISTRIBUTES ELECTRICITY ACROSS OUR COUNTRY IS ONE OF THE NATURAL WONDERS OF THE WORLD. IT GREW UP IN PEACE TIME SAFELY REMOVED FROM ANY THREAT OF PHYSICAL ACTIVITIES AND FROM THE INTERNET. TODAY WE USE THE INTERNET TO RUN THIS VAST INFRASTRUCTURE AND THAT LEAVEUS VULNERABLE TO A POTENTIALLY DEVASTATING CYBERATTACK. THE GRID ACT TAKES THE FIRST STEP TO PROTECTING OUR ELECTRICAL GRID. WE CAN'T COUNT ON OUR ENEMIES -- SO I ENCOURAGE MY COLLEAGUES TO SUPPORT THE BILL, AND I YIELD BACK THE BALANCE OF MY TIME.

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  • 11:05:30 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM MICHIGAN. R. UPTON: MR. SPEAKER, SEEING MY MEMBER IS NOT HERE, I YIELD BACK THE BALANCE MY TIME.

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  • 11:05:45 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME.

  • 11:05:48 AM

    MR. UPTON

    AND WOULD ASK, DEPEN, FOR A STRONG -- AGAIN, FOR A STRONG YEAH VOTE AND…

    AND WOULD ASK, DEPEN, FOR A STRONG -- AGAIN, FOR A STRONG YEAH VOTE AND HOPE OUR -- AYE VOTE AND HOPE OUR SENATE COLLEAGUES ARE LISTENING.

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  • 11:06:01 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM --…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM -- MR. MARKE

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  • 11:06:10 AM

    MR. MARKEY

    THE GENTLEMAN IS RECOGNIZED FOR TWO MINUTES.

  • 11:06:20 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR TWO MINUTES.

  • 11:06:23 AM

    MR. LANGEVIN

    I ASK UNANIMOUS CONSENT TO REVISE AND EXTEND.

  • 11:06:25 AM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, SO ORDERED.

  • 11:06:28 AM

    MR. LANGEVIN

    THANK THE GENTLEMAN FOR YIELDING. MR. SPEAKER, I RISTODAY IN STRONG…

    THANK THE GENTLEMAN FOR YIELDING. MR. SPEAKER, I RISTODAY IN STRONG SUPPORT OF H.R. 5026, LEGISLATION TO PROTECT OUR NATIONAL ELECTRIC GRID SYSTEM. I PARTICULARLY LIKE TO THANK CHAIRMAN MARKEY FOR HIS OUTSTANDING LEADERSHIP AND DEDICATION ON THIS IMPORTANT NATIONAL SECURITY ISSUE. I KNOW HE'S GIVEN GREAT TIME AND EFFORT ON THIS AND I THANK HIM FOR THAT. I'D ALSO LIKE TO ANK CHAIRMAN WAXMAN FOR HIS ATTENTION TO THIS ISSUE. AND LET ME ALSO MENTION, I'D LIKE TO RECOGNIZE AND THANK MY GOOD FRIEND, MR. THOMPSON, CHAIRMAN OF THE FULL MELAND SECURITY COMMITTEE WHO WORKED WITH ME IN 2008 TO HOLD HEARINGS AND TO CLOSE EXAMINE ACTIONS OUR COUNTRY MUST TAKE TO PREVENT ATTACKS ON OUR NATIONAL ELECTRIC GRID. TWO YEARS AGO I TESTIFIED BEFORE CHAIRMAN MARKEY'S SUBCOMMITTEE ABOUT THE THREATS TO OUR POWER SYSTEM FROM CYBERATTACK. IN THE 110TH CONGRESS AS CHAIRMAN OF THE HOMELAND SECURITY SUBCOMMITTEE ON EMERGING THREAT, CYBERSECURITY, SCIENCE AND TECHNOLOGY, I CONDUCTED A DETAILED AND THOROUGH EXAMINATION OF OUR CRITICAL INFRASTRUCTURE. LET ME REITERATE WHAT I MADE CLEAR IN MY TESTIMONY. I BELIEVE AMERICA IS STILL VULNERABLE TO A CYBERATTACK AGAINST THE ELECTRIC GRID THAT WOULD CAUSE SEVERE DAMAGE, NOT ONLY TO OUR CRITICAL INFRASTRUCTURE, BUT ALSO OUR ECONOMY AND THE WELFARE OF OUR CITIZENS. NOW, THE VAST MAJORITY OF OUR CRITICAL ASSETS ARE IN PRIVATE HANDS. NOW, MANY PRIVATE ENTITIES ARE LARGELY SELF-REGULATED AND RESPONSIBLE FOR DEVELING AND IMPLEMENTING THEIR OWN STANDARDS ACCORDING TO THEIR OWN PRIORITIES. THIS BILL WILL ENSURE THAT THIS IS ADDRESSED BY GIVING THE FEDERAL GOVERNMENT THE ABILITY TO REQUIRE STRONG SAFETY MEASURES IN OUR ELECTRIC POWER SYSTEM. IT IS -- IT HAS THE FORESIGHT TO NOT ONLY SPECIFICALLY FOCUS ON CYBERTHREATS BUT ALSO ON OTHER POTENTIALLY DANGEROUS ISSUES SUCH AS ELECTROMAGNETIC INTERFERING. THESE MEASURES WILL HELP US ENSURE THAT WE PREPARE FOR THE WORSE-CASE SCENARIOS AND PROTECT OUR CITIZENS IN THE EVENT OF AN ATTACK OR ACCIDENT. I WANT TO THANK CHAIRMAN RKEY FOR HIS ATTENTION ON THIS IMPORTANT ISSUE, AND I LOOK FORWARD WORKING WITH THE ENERGY AND COMMERCE COMMITTEE TO CONTINUE TO RAISE AWARENESS ABOUT SECURING OUR CRITICAL FRASTRUCTURE.

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  • 11:08:44 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN'S TIME HAS EXPIRED.

  • 11:08:47 AM

    MR. UPTON

    WITHOUT OBJECTION.

  • 11:08:53 AM

    THE SPEAKER PRO TEMPO

    PRO TEMPO: WITHOUT OBJECTION.

  • 11:08:56 AM

    MR. UPTON

    TWO MINUTES TO THE DISTINGUISHED GENTLEMAN FROM MARYLAND, MR. BARTLETT.

  • 11:09:03 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR TWO MINUTES.

  • 11:09:08 AM

    MR. BARTLETT

    I RISE IN STRONG SUPPORT OF H.R. 5026. IT WAS VOTED UNANIMOUSLY BY THE…

    I RISE IN STRONG SUPPORT OF H.R. 5026. IT WAS VOTED UNANIMOUSLY BY THE ENERGY AND COMMERCE COMMITTEE, 47-0. THIS BILL IS NECESSARY, ACCORDING TO THE NATIONAL ACADEMY OF SCENES, BECAUSE THERE IS ONE EVENT THAT WE WL NOT AVOID AND THAT IS A SOLAR GEOMAGNETIC INTERFERENCE, A SOLAR STORM. WHEN WE HAVE A BIG ONE, LIKE THE CARINGTON EVENT THAT OCCURRED IN 1859, THIS WILL SHUT DOWN OUR WHOLE GRID. WHAT COST US ONLY ABOUT $100 MILLION TO PROTECT THE GRID FROM E.M.P. THIS INVESTMENT WON'T BE MADE WITHOUT H.R.026. THE CONGRESSIONAL IS HE AGAINST OF INACTION ARE DIRE -- THE CONSEQUENCE OF INACTION ARE DIRE. IF THIS HAENS, THE NATIONAL ACADEMIES WARNED THAT IT WILL COST US BETWEEN $1 TRILLION AND $2 TRILLION IN DAMAGES AND TAKE FOUR TO 10 YEARS TO RECOVER. WITH THE GRID DOWN MORE OR LESS FOR FOUR TO YEARS, ONE CAN ONLY IMAGINE THE CONSEQUENCES TO OUR SOCIETY. THIS IS A REALLY IMPORTANT BIPARTISAN BILL, AND I RISE IN VERY STRONG SUPPORT. THANK YOU. THE SPKER PRO TEMPORE: THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM MASSACHUSETTS.

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  • 11:10:24 AM

    MR. MARKEY

    YOU, MR. SPEAKER, VERY MUCH, AND I YIELD MYSELF SUCH TIME AS I M CONSUME.…

    YOU, MR. SPEAKER, VERY MUCH, AND I YIELD MYSELF SUCH TIME AS I M CONSUME. THE GR ACT HAS THREE BASIC COMPONENTS. FIRST, IT ESTABLISHES FEDERAL AUTHORITY TO ADDRESS EMERGENCY SITUATIONS. IF THE PRESIDENT IDENTIFIES AN IMMINENT THREAT TO THE BULK-POWER SYSTEM OR OTHER PARTS OF THE GRID THAT SERVE CRITICAL DEFENSE FACILITIES, THE FEDERAL ENERGY REGULATORY COMMISSION CAN ISSUE AN EMERGENCY ORDER REQUIRING MEASURES TO PROTECT AGAINST THIS THREAT. THIS AUTHORITY COVERS THREATS FROM CYBERATTACKS, ELECTROMAGNETIC WEAPONS, DIRECT PHYSICAL ATTACKS OR SOLAR STORMS. HOWEVER, IN MANY CASES, WE WILL NOT KNOW ABOUT A CYBERATTACK OR OTHER THREAT TO THE GRID UNTIL IT'S TOO LATE. ACCORDINGLY, THE GRID ACT ESTABLISHES MEASURES TO PROTECT THE GRID AGAINST KEY VULNERABILITIES SO THAT IF AND WHEN AN EMERGENCY DOES HAPPEN, WE ARE ALREADY PREPARED. MOST IMPORTANT, IF FERK IDENTIFIES A -- FERC IDENTIFIES VULNERABILITY TO A CYBERATTACK THAT HAS NOT BEEN ADEQUATELY ADDRESSED, IT HAS THE AUTHORITY TO REQUIRE MEASURES TO PROTECT THE BULK-POWER SYSTEM. THE LEGISLATION ALSO REQUIRES FERC WITHIN SIX MONTHS OF ENACTMENT TO ESTABLISH MEASURES TO PROTECT AGAINST THE AURORA VULNERABILITY, THE CYBERATTACK. THAT VULNERABILITY WAS IDENTIFIED NEARLY THREE YEARS AGO, BUT THE CURRENT STANDARD SETTING PROCESS HAS NOT ADDRESSED IT. THAT IS UNACCEPTABLE. IT MUST BE FIXED. CHAIRMAN UPTON, RANKING MEMBER UPTO AND OTHER MEMBERS OF OUR COMMITTEE SAT THROUGH A TOP-SECRET BRIEFING LAST OCTOBER WITH REGARD TO THE THREAT THAT THIS AURORA VULNERABILITY AND OTHER VULNERABILITIES THAT COULD BE EXPLOITED BY OTHER COUNTRIES OR BY SUBNATIONAL GROUPS OR DOMESTIC TERRORISTS. THIS IS SOMETHING THAT WE MUST CLOSE. I THINK EVERY MEMBER IN THAT TOP-SECRET BRIEFING LEFT HAVING EXPERIENCED A SOBERING MOMENT IN THEIR LIVES REALIZING THE GREAT RESPONSIBILITY WE HAVE TO PASS LEGISLATION THAT CAN DEAL WITH THIS PROBLEM. THE GRID ACT ALSO DEALS WITH OTHER CRITICAL VULNERABILITIES, SOLAR FLAIR. SOLAR FLAIRS CREATES GEOMAGNETIC CURRENTS THAT CAN DESTROY TRANSFORMERS. EXPERTS AGREE THAT IT'S ONLY A MATTER OF TIME THAT WE EXPERIENCE A LAR STORM LARGE ENOUGH TO BRING DOWN A LARGE PORTION OF THE GRID, POTENTIALLY CAUSING TRILLIONS OF DOLLARS IN DAMAGE. IN ADDITION, THE GRID IS HIGHLY VULNERABLE TO ATTACK BECAUSE THE LARGE TRANSFORMERS UPON WHICH WE RELY, ARE BUILT OVERSEAS AND CAN TAKE YEARS TO REPLACE. THE GRID ACT ADDRESSES THESE ISSUES TO PROTECT AGAINST GEOMAGNETIC STORMS AND TO ENSURE THE AVAILABILITY OF ADEQUATE BACKUP SUPPLIES OF LARGE TRANSFORMS. AND FINALLY, THE GRID ACT GIVES FERC AUTHORITY TO PROTECT PORTIONS OF THE GRID THAT SERVE THE TOP 100 CRITICAL DEFENSE FACILITIES AGAINST A CYBER OR ELECTRIC MAGNETIC WEONS ATTACK. THE AMENDED VERSION OF THE BILL NOW BEFORE THE HOUSE MAKES ONE CHANGE TO THE VERSION REPORTED OUT OF COMMITTEE. IN ORDER TO MAKE THE BILL DEFICIT NEUTRAL, THE AMENDED BILL EXEMPTS THE BONNEVILLE POWER ADMINISTRATION AND THE TENNESSEE VALLEY AUTHORITY FROM REQUIREMENTS OTHER THAN CYBERPROTECTIONS DURING THE FIRST 11 YEARS AFTER ENACTMENT. WITH THIS CHANGE, THE CONGRESSIONAL BUDGET FICE HAS DETERMINED THAT THE BILL WILL NOT AFFECT DIRECT FEDERAL SPENDING. THE AMENDED BILL DOES NOT SCO. COLLEAGUES, THE ELECTRIC GRID'S VULNERABLE TO CYBER AND OTHER ATTACKS IS ONEF THE SINGLE GREATEST THREATS TO OUR NATIONAL SECURITY. THIS BIPARTISAN LEGISLATION IS CRITICAL TO EMPOWERING THE FEDERAL GOVERNMENT AND THE PRIVATE SECTOR WITH THE CAPACITY IT WILL NEED TO PROTECT US AGAINST THAT THREAT. THERE ARE PEOPLE PLOTTING RIGHT NOW THAT IF THEY COULD WOULD EXPLOIT THIS VULNERABILITY. I URGE ALL MEMBERS TO VOTE YES ON THE GRID ACT. IT IS A MOMENT THAT WE MUST ALL COME TOGETHER IN ORDER TO PROTECT OUR COUNTRY. AT THIS POINT I RESEE THE BALANCE OF MY TIME.

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  • 11:15:37 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM MICHIGAN.

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  • 11:15:42 AM

    MR. UPTON

    I RESERVE -- I YIELD TWO MINUTES TO T DISTINGUISHED RANKING MEMBER OF THE…

    I RESERVE -- I YIELD TWO MINUTES TO T DISTINGUISHED RANKING MEMBER OF THE FULL COMMITTEE, MR. BARTON WERE TEXAS, IN SUPPORT OF THE BILL.

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  • 11:15:48 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR TWO MINUTES.

  • 11:15:51 AM

    MR. BARTON

    I THANK THE DISTINGUISHED SPEAKER. I WANT TO COMPLIMENT CHAIRMAN MARKEY…

    I THANK THE DISTINGUISHED SPEAKER. I WANT TO COMPLIMENT CHAIRMAN MARKEY FOR REFERRING TO MR. UPTON AS CHAIRMAN UPTON. THAT MIGHT BE A FORETELLER OF THINGS TO COME. WE THANK HIM FOR HIS ACKNOWLEDGING THAT POSSIBILITY. MR. CIRMAN AND MR. SPEAKER, I DO RISE IN SUPPORT OF H.R. 5026, THE GRID RELIABILITY AND INFRASTRUCTURE DEFENSE ACT, BETTER KNOWN AS THE GR ACT. THIS IS AN EXAMPLE OF LEGISLATION THAT HAS COME TO THE FLOOR AFTER A 47-0 BIPARTISAN VOTE IN THE ENERGY AND COMMERCE COMMITTEE. IT SHOWS WHAT THE CONGRESS CAN WHEN REPUBLICANS ARE ALLOWED IN THE ROOM TO HELP DRAFT AND PUT INTO PLACE LEGISLATION. . WHILE IT IS A RARE OCCASION IN THIS COUNTRY BUT IT CERTAINLY IS SOMETHING TH SIDES OF THE AISLE CAN BE PROUD OF. I WANT TO ESPECIALLY COMMEND SUBCOMMITTEE CIRMAN MARKEY, FULL COMMITTEE CHAIRMAN WAXMAN, RANKING MEMBER UPTON,OTHERS ON BOTH SIDES OF THE AISLE TO MAKE THIS DAY POSSIBLE. OUR ELECTRIC GRID IS INCREASINGLY VULNERABLE TO CYBERATTACK. IF THE NATION STATE OR TERRORIST GRP WERE SUCCESSFUL IN CRIP 8ING OUR -- CRIPPLING OUR ELECTRIC GRID, IT WOULD HAVE TERRIBLE CONSEQUENCES TO OUR DEFENSE. WE HAVE NEWS STORIES THAT SPIES MAY HAVE NAVIGATED OUR SYSTEM TO CONTROL OUR POWER SUPPLIES. THE SMART GRID WE ARE COUNTING ON TO IMPROVE RELIABILITY, ENHANCE CONSUMER CHOICES COULD ALSO INCREASE OUR EXPOSURE TO HACKERS IN PLACES LIKE CHINA AND RUSSIA. OUR DEFENSE COMMUNY'S CONCERNED ABOUT POSSIBLE ELECTORAL -- ELECTROMAGNETIC ATTACKS FROM TERRORISTS OR HOSTILE COUNTRIES. WE MUST TAKE SUBSTANTIVE ACTION TO ADDRESS THE SUSCEPTIBILITY OF OUR ELECTRIC SYSTEM TO SUCH ATTACKS. THE STAKES ARE JUST TOO HIGH FOR US TO DO NOTHING. THE GRIDCT,MR. SPEAKER, TAKES CARE OF ALL THESE PBLEMS. IT WOULD SHIELD OUR BULK POWER SYSTEM WITH THE --

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  • 11:17:59 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR AN ADDITIONAL MINUTE.

  • 11:18:03 AM

    MR. BARTON

    THE RANKING MEMBER'S YIELDING ADDITIONAL TIME. THE GRID ACT WOULD…

    THE RANKING MEMBER'S YIELDING ADDITIONAL TIME. THE GRID ACT WOULD SHIELDBOTH OUR BULK POWER SYSTEM AND INFRASTRUCTURE SERVING CRITICAL DEFENSE FACILITIES. LEGISLATION AUTHORIZES THE PRESIDENT TO ADDRESS IMMINENT GRID SECURITY THREATS TO THE FEDERAL AND ENERGY RELATORY COMMISSION, BETTER KNOWN AS FERC. IT WOULD GIVE FERC THE AUTHORITY TO ISSUE NOTICE AND COMMENT RULE TO ADDRESS GRID SECURITY VULNERABILITIES. AS MR. MARKEY POINTED OUT, THIS BILL IS REVENUE NEUTRAL. IT DOES NOT INCREASE THE FEDERAL DEFICIT IN ANY WAY, SHAPE, FORM, OUR FASHION. I WANT TO REPEAT AGAIN IT CAME OUT OF ENERGY AND COMMERCE COMMITTEE, 47-0. I HOPE THE HOUSE WILL UNANIMOUSLY VOTE FOR THIS AND SEND IT TO THE OTHER BY. WITH THAT I YIELD BACK.

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  • 11:18:46 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM MASSACHUSETTS.

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  • 11:18:53 AM

    MR. UPTON

    INQUIRE IF HE HAS ANY REMAINING SPEAKERS?

  • 11:18:58 AM

    MR. MARKEY

    REMAINING SPEAKERS. I WOULD JUST LIKE TOE RECOGNIZED BEFORE I YIELD BACK…

    REMAINING SPEAKERS. I WOULD JUST LIKE TOE RECOGNIZED BEFORE I YIELD BACK THE BALANCE OF MY TIME.

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  • 11:19:11 AM

    THE SPEAKER PRO TEMPORE

    THE NTLEMAN FROM MICHIGAN IS RECOGNIZED.

  • 11:19:14 AM

    MR. MARKEY

    THE GENTLEMAN FROM MICHIGAN CONTROLS THE TIME.

  • 11:20:03 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM MICHIGAN CONTROLS THE TIME.

  • 11:20:06 AM

    MR. UPTON

    YOU, MR. SPEAKER. I WILL YIELD MYSELF THE BALANCE OF THE TIME AND YIELD…

    YOU, MR. SPEAKER. I WILL YIELD MYSELF THE BALANCE OF THE TIME AND YIELD BACK AND LET MY FRIEND, MR. MARKEY, FINISH WITH A CLOSE. I JUST WANT TO SAY THIS IS AN ISSUE WE SAT DOWN TOGETHER FOR THE LAST ACTUALLY COUPLE YEARS. EXAMINING THE FACTS. MANY OF US THAT PARTICULARLY LIVE IN AREAS FOR ME THE MIDWEST COMING FROM MICHIGAN WE HAD A DEVASTATING TORNADO COME THROUGH THIS WEEKEND. FOR MANY OF US, MYSELF INCLUDED, OUR ELECTRICITY WENT OUT FOR A NUMBER OF HOURS. AND THEN A NUMBER OF TIMES, PARTICULARLY DURING THE WINTER AND EVEN IN THE SUMMER WITH THESE ELECTRIC STORMS THAT COME THROUGH SOMETIMES, SOMETIMES ELECTRICITY MAY BE OUT FOR A COUPLE DAYS. WE LOOK TO OUR FRIENDS DOWN IN HAITI WHO, MANY OF THEM, STILL MAY NOT HAVE ELECTRICITY AFTER THE DEVASTATE EARTHQUAKE IT HIT THERE A NUMBER MONTHS AGO. CAN YOU IMAGINE IF THAT HAPPENED HERE IN THIS COUNTRY WHERE WE MAY BECAUSE OF OUR VULNERABILITIES IT COULD BE PEAPS OUT OF ELECTRICITY FOR A YEAR OR TWO. TRYING TO GET GASOLINE TO GET OUT OF THERE. TRYING TO GET REFRIGERATION FOR YOUR FOOD. TRYING TO HAVE A JOB TO TAKE CARE OF YOUR FAMILIES. SOME OF US READ THE ROAD. LOTS OF DIFFERENT SCENARIOS OUT THERE. WE NEED TO BE PREPARED. THIS BILL MOVES US DO THAT ROAD AND I AGAIN WANT TO COMPLIMENT MY FRIEND, MR. MARKEY, TO MAKE SURE THIS LEGISLATION DID MOVE THROUGH. WE HAD A LOT OF BIPARTISAN SUPPORT. A LOT OF EYES OPENED A EARS, TOO, PARTICULARLY AS WE SAT THROUGH SOME OF THOSE CLASSIFIED BRIEFINGS. LET'S HOPE THE SENATE MOVES QUICKLY. THE PRESIDENT SIGNS IT SWIFTLY. AND IN FACT WE CAN SEE LEGISLATION MOVE TO MAKE SURE THAT THOSE SCENARIOS REMA THAT WAY UNTIL THEY BECOME REALITIES. I YIELD BACK THE BALCE OF MY TIME.

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  • 11:21:52 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM MASSACHUSETTS.

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  • 11:21:56 AM

    MR. MARKEY

    I YIELD BACK THE BALANCE OF MY TIME. WITH THE URGING OF AN AYE VOTE BY THE…

    I YIELD BACK THE BALANCE OF MY TIME. WITH THE URGING OF AN AYE VOTE BY THE MEMBERS.

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  • 11:22:01 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE QUESTION IS WILL…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE QUESTION IS WILL THE HOUSE SUSPEND THE RULES AND PASS H.R. 5026, AS AMENDED. SO MANY AS ARE IN FAVOR SAY AYE. THOSE OPPOSED, NO. IN THE OPINION OF THE CHAIR, 2/3 OF THOSE VOTING HAVING RESPONDED IN THE AFFIRMATIVE, THE RULES ARE SUSPENDED, THE BILL IS PASSED, AND WITUT OBJECTION THE MOTION TO RECONSIDER IS LAID UPON THE TABLE. WITHOUT OBJECTION, THE TITLE IS AMENDED.

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  • 11:23:43 AM

    THE SPEAKER PRO TEMPORE

    FOR WHAT PURPOSE DOES THE GENTLELADY FROM CALIFORNIA SEEK RECOGNITION?

  • 11:23:48 AM

    >>

    THE CLERK WILL REPORT THE TITLE OF THE RESOLUTION.

  • 11:23:53 AM

    THE SPEAKER PRO MPORE

    THE CLERK WILL REPORT THE TITLE OF THE RESOLUTION.

  • 11:23:56 AM

    THE CLERK

    HOUSE RESOLUTION 30, RESOLUTION RECOGNIZING JUNE 8, 2010, AS WORLD OCEAN…

    HOUSE RESOLUTION 30, RESOLUTION RECOGNIZING JUNE 8, 2010, AS WORLD OCEAN DAY.

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  • 11:24:02 AM

    THE SPEAKER PRO TEMPORE

    PURSUANT TO THE RULE, THE GENTLELADY FROM CALIFORNIA, MS. CHU, AND THE…

    PURSUANT TO THE RULE, THE GENTLELADY FROM CALIFORNIA, MS. CHU, AND THE GENTLEMAN FROM OHIO, MR. TURNER, EACH WILL CONTROL 20 MINUTES. THE CHAIR RECOGNIZES THE GENTLELADY FROM CALIFORNIA.

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  • 11:24:15 AM

    MS. CHU

    ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE LEGISLATIVE DAYS TO…

    ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE LEGISLATIVE DAYS TO REVISE AND EXTEND THEIR REMARKS.

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  • 11:24:22 AM

    MS. CHU

    MR. SPEAKER, I NOW YIELD MYSELF AS MUCH TIME AS I MAY CONSUME.

  • 11:24:28 AM

    MS. CHU

    MR. SPEAKER, ON BEHALF OF THE COMMITTEE ON OVERSIGHT AND GOVERNMENT…

    MR. SPEAKER, ON BEHALF OF THE COMMITTEE ON OVERSIGHT AND GOVERNMENT REFORM, I'M HAPPY TO RISE IN SUPPORT OF HOUSE RESOLUTION 1330. THIS MEASURE RECOGNIZES JUNE 8, 2010, AS WORLD OCEAN DAY. WORLD OCEAN DAY OFFERS THE OPPORTUNITY TO CELEBRATE THE WONDERS OF THE UNDERWATER WORLD AND LOOK CAREFULLY AT OUR INTERACTIONS WITH THE SAME THE TIMING OF THIS MEASURE IS CRITICAL. TODAY WE FIND OURSELVES IN THE MIDST OF THE WORST OCEAN OIL DISASTER IN OUR NATION'S HISTORY. WITH OUR ADDICTIOTO OIL, JEOPARDIZING THE VIBRANCE AND ECONOMICALLY VITAL MARINE LIFE OF AMERICA'S SEAS, WE ARE BEING REMINDED DAILY OF THE OFTEN FORGOTTEN VALUE OF THESE RESOURCES AND OUR RESPSIBILITY TO PROTECT THE THE WORLD'S OCEANS COVER MORE THAN 70% OF OUR PLANET'S SURFACE AND THE RICH WEB LIFE OF LIFE THAT THEY SUPPORT IS THE RESULT OF HUNDRS OF MILLIONS OF YEARS OF EVOLUTION. GREAT HUMAN CIVILIZATIONS FROM THE EGYPTIANS TO THE POLYNESIANS RELIED ON THE SEA FOR COMMERCE AND TRANSPORT AND NOW IN THE 21ST CENTURY, OUR FATE IS AS TIED TO THE OCEANS AS EVER. WE STILL RELY ON FISH FOR A SIGNIFICANT PORTION OF OUR DAILY PROTEIN NEEDS. AND MORE THAN $500 BILLION OF THE WORLD'S ECONOMY IS TIED TO OCEAN-BASED INDUSTRIES SUCH AS COASTAL TOURISM AND SHIPPING. BUT ALL IS NOT WELL IN THE SEA. INCREASED PRESSURES ROM OVERFISHING, HABITAT DESTRUCTION, POLLUTION, AND INTRODUCTION OF INVASIVE ALIEN SPECIES HAVE COMBINED IN RECENT DECADES TO THREATEN THE DIVERSITY OF LIFE IN OUR OCEANS. THE FIRST OBSERVANCE OF WORLD OCEAN DAY WILL ALLOW US TO HIGHLIGHT THE MANY WAYS IN WHICH OCEANS ATTRIBUTE TO SOCIETY. IT IS ALSO AN OPPORTUNITY TO RECOGNIZE THE CONSIDERABLE CHALLENGES WE FACE IN MAINTAINING THEIR CAPACITY TO REGULATE GLOBAL CLIMATE, SUPPLY ESSENTIAL ECOSYSTEM SERVICES, AND VIDE SUSTAINABLE LIVELIHOODS. AS THE OIL CONTINUES TO SPI INTO THE GULF, IT IS TIME TO RECOGNIZE A WORLDCEAN DAY AND TAKE THE FIRST CRITICAL STEP TO SAVING THIS VITAL RESOURCE. HOUSE RESOLUTION 1330 WAS INTRODUCED BY OUR GLEEG, THE GENTLEMAN FR CALIFORNIA, REPRESENTATIVE SAM FARR, ON MAY 5, 2010. THE MESH MEASURE WAS REFERRED TO THE COMMITTEE ON OVERSIGHT AND GOVERNMENT REFORM WHICH ORDERED IT REPORTED FAVORABLY BY UNANIMOUS CONSENT ON MAY 20, 2010. THE MEASURE HAS THE SUPPORT OF OVER 50 MEMBERS OF THE HOUSE. I THANK THE GENTLEMAN FROM CALIFORNIA FOR INTRODUCING THIS MEASURE, AND I'D ALSO LIKE TO THANK CHAIRMAN TOWNS AND RANKING MEMBER ISSA FOR THEIR SUPRT FOR THE BILL. I URGE MY COLLEAGUES TO SUPPORT THIS MEASURE AND I RESERVE THE BANCE OF MY TIME.

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  • 11:27:26 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLELADY RESERVES THE BALANCE OF HER TIME. THE GENTLEMAN FROM OHIO.

  • 11:27:31 AM

    MR. TURNER

    SPEAKER, I YIELD MYSELF SUCH TIME AS I MAY CONSUM

  • 11:27:35 AM

    MR. TURNER

    MR. SPEAKER, I RISE TODAY IN SUPPORT OF HOUSE RESOLUTION 1330, RECOGNIZING…

    MR. SPEAKER, I RISE TODAY IN SUPPORT OF HOUSE RESOLUTION 1330, RECOGNIZING JUNE 8, 2010, AS WORLD OCEAN DAY. IT'S PARTICULARLY FITTING THAT TODAY THIS RESOLUTION GIVES US E OPPORTUNITY TO TAKE SOME TIME AND APPRECIATE THE BEAUTY OF OUR OCEANS AND THINK ABOUT WAYS WE CAN WORK TO PROTECT OUR OCEANS FOR GENERATIONS TO COME. ALL AMERICANS AS WELL AS PEOPLE FROM AROUND THE WORLD REALIZE THE IMPORTANCE OF OCEANS. PEOPLE ENJOY PLAYING, BOATING, FISHING, OR SIMPLY BEING ALONG THE BEACHSCAPE AND ALONG OUR OCEANS. OCEANS FASCINATE MANY CHILDREN WHO LEARN ABOUT THE ANIMALS THAT LIVE UNDER THE SEA. CERTAINLY IN LIGHT OF THE NATIONAL CRISIS THAT IS CURRENTLY AOCCURRING IN THE GULF WITH THE OIL LEAK, THIS RESOLUTI GIVES US CONTEXT IN WHICH TO UNDERSTAND THE RISK FROM THE DELAYED RESPONSE THAT IS OCCURRING TO STOP THE LEAK IN THE GULF. WE RELY ON OCEANS EVERY DAY FOR OUR REGULAR WAY OF LIFE. OCEANS PROVIDE THOUSANDS OF JOBS FOR FISHERMEN, SAILORS, AND OTHER PROFESSIONS. ALL AMERICANS ARE SERVED BY OCEANS IN NUMEROUS WAYS INCLUDING FOOD AND TRANSPORT FOR THE GOODS TRANSPORTED BY CARGO SHIPS ACROSS OCEANS. MR. SPEAKER, OUR OCEANS ARE INCREDIBLY PRECIOUS RESOURCE AND WE SHOULD PROTECT THEM FOR THE FUTURE. I ASK MY COLLEAGUES JOIN IN SUPPORT OF THIS RESOLUTION. I RESERVE THE BALANCOF MY TIME.

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  • 11:28:54 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLADY FROM…

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLADY FROM CALIFORNIA.

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  • 11:29:00 AM

    MS. CHU

    MINUTES TO THE GENTLEMAN FROM CALIFORNIA, REPRESENTATIVE FARR.

  • 11:29:05 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR FIVE MINUTES.

  • 11:29:07 AM

    MR. FARR

    THANK YOU VERY MUCH, MR. SPEAKER. I RISE IN SUPPORT OF THE RESOLUTION…

    THANK YOU VERY MUCH, MR. SPEAKER. I RISE IN SUPPORT OF THE RESOLUTION WHICH I SPONSORED WITH MANY OTHER MEMBERS OF CONGRESS, AND I FIRST OF ALL WOULD LIKE TO THANK THE COMMITTEE AND LEADERSHIP THEY PROVIDED IN A BIPARTISAN FASHION TO BRING THIS BILL TO THE FLOOR. AS HAS BEEN STATED, THE OCEAN IS OUR LARGEST PUBLIC TRUST. IT COVERS 2/3 OF THE PLANET. IT'S RESPONSIBLE FOR 1/3 OF THE TOTAL GROSS NATIONAL PRODUCT OF THE UNITED STATES. IT IS CLOSELY LINKED TO OUR DAY-TO-DAY ACTIVITIES, AND FRANKLY TO THE SUCCESS OF OUR NATION. TOM FRIEDMAN SAID, A CRISIS IS A TERRIBLE THING TO WASTE. WE CANNOT LET THE CRISIS THAT HAS HAPPENED IN THE GULF PASS US BY. WE HAVE FACED DISAS TERGS IN THIS COUNTRY BEFORE -- DISASTERS IN THIS COUNTRY BEFORE AND WE HAVE MOVED TO ACT. AFTER THE "SILENT SPRING" IN 1962 AND THE SANTA BARBARA OIL SPILL HAPPENED IN 1969, THE ENVIRONMENTAL MOVEMENT TOOK STRONGHOLD IN THE UNITED STATES, CONGRESS FOLLOWED UP BY ADOPTING THE CLEAN AIR ACT, THE CLEAN WATER ACT, THE NATIONAL ENVIRONMENTAL POLICY ACT, IN SHORT ORDER. . WE WILL DEBATE THE ACTS WE HAVE TO TAKE FOLLOWING THE CRISIS IN THE GULF, BUT TODAY WE ARE JOINED IN UNANIMOUS THOUGHT THAT THE OCEAN IS IMPORNT AND IT WARRANTS ITS RECOGNITION. WE MIGHTAY THAT IT'S A VERY SALTY WEEK HERE IN WASHINGTON. JUNE IS THE NATIONAL OCEANS MONTH. THIS WEEK IS THE CAPITOL HILL OCEANS WEEK WHERE MEMBERS OF THE OCEAN INTEREST AND SCIENCE COMMUNITY COME TO WASHINGTON TO PETITION THEIR GOVERNMENT. AND YESTERDAY WAS WORLD OCEAN DAY. AND FOR OVER A MONTH NOW THE NATION HAS BEEN EXPERIENCING THE WORST MARINE DISASTER IN HISTORY. WORLD OCEAN DAY WAS FIRST RECOGNIZED IN 1992'S EARTH SUMMIT IN RIO DE JANEIRO AND HAS BEEN CELEBRATED EVER SINCE. THE UNITED NATIONS TOOK OFFICIAL RECOGNITION OF THE DAY LAST YEAR. I'M PROUD TO LOAD THE EFFORT HERE IN CONGRESS THIS YEAR. THE RESOLUTION THAT WE'RE ADOPTING EMPHASIZES THAT WE HAVE AN INDIVIDUAL AND COLLECTIVE DUTBOTH NATIONALLY AND INTERNATIONALLY TO BE OCEAN STEWARD THE RESOLUTION ALSO PETITIONS THE PRESIDENT TO SET PRIORITIES USING HIOCEAN POLICY TASK FORCE. I'LL CONTINUE IN MY ROLE AS REPRESENTING THE COAST OF CALIFORNIA AND ONE OF THE MARINE SCIENCE LEADING GEE GRAPHY AREAS IN THE WORLD -- GEOGRAPHY AREAS IN THE WORLD TO BRING TO THIS FLOOR ISSUES IMPORTANT TO THE OCEAN. BUT RIGHT NOW I WANT TO JOIN MY COLLEAGUES IN CELEBRATING THAT WE ALL AGREE THAT IT'S IMPORTANT TO RECOGNIZE THE OCEANS. I YIELD BACK THE REMAINDER OF MY TIME.

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  • 11:32:10 AM

    THE SPEAKER PRO TEMPORE

    THE GELEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM OHIO.

  • 11:32:14 AM

    >>

    THANK YOU, M SPEAKER. AS CONGRESS TAKES THIS TIME TO RECOGNIZE WORLD OCEAN…

    THANK YOU, M SPEAKER. AS CONGRESS TAKES THIS TIME TO RECOGNIZE WORLD OCEAN DAY I THINK IT IS ABSOLUTELY APPROPRIATE FOR US TO ASK THE ADMINISTRATION FOR ANSWERS ON THE GULF OIL LEAK AND THE TRAGEDY THAT'S OCCURRING THERE.

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  • 11:32:25 AM

    MR. TURNER

    I THINK THE AMERICAN PEOPLE ARE OUTRAGED. THEY WONDER HOW IT IS GOING TO…

    I THINK THE AMERICAN PEOPLE ARE OUTRAGED. THEY WONDER HOW IT IS GOING TO BE STOPPED AND HOW IT'SOING TO BE CLEANED UP. I THINK THE ADMINISTRATION NEEDS TO TE US WHAT THEIR GAME PLAN IS AND WHAT THEIR ACTIONS ARE. THEY'RE MERELY TELLING US WHAT B.P. IS SAYING. I THINK THE AMERICAN PEOPLE WANT TO KNOW, AS CONGRESS TAKES THIS ACTION, IT IT WOULD BE APPROPRIATE FOR THE ADMINISTRATION TO STEP FORWARD AND SAY, HOW DID THIS HAPPEN, HOW ARE WE GOING TO STOP THIS AND HOW ARE WE GOING TO CLEAN IT UP AND HOW ARE WE GOING TO MAKE CERTAIN THIS DOESN'T HAPPEN AGAIN? I KNOW PEOPLE IN OHIO LOOK DOWN AT THE GULF WITH OUTRAGE OF WHAT'S GOING ON WITH THE WILDLIFE SHES THE BEACHES. THEY WONDER -- WILDLIFE, WITH THE BEACHES. I RESERVE THE BALANCE OF MY TIME.

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  • 11:33:10 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLELADY FROM…

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLELADY FROM CALIFORNIA.

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  • 11:33:15 AM

    MS. CHU

    YIELD TWO MINUTES TO THE GENTLEMAN FROM CALIFORNIA, MR. GARAMENDI.

  • 11:33:18 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR TWO MINUTES.

  • 11:33:20 AM

    MR. GARAMENDI

    MR. SPEAKER, THANK YOU SO VERY MUCH. CONGRESSMAN FARR, THANK YOU FOR YOUR…

    MR. SPEAKER, THANK YOU SO VERY MUCH. CONGRESSMAN FARR, THANK YOU FOR YOUR LEADERSHIP ON THIS. THIS IS NOT A NEW ISSUE FOR YOU. I REMEMBER YOUR DAYS IN THE CALIFORNIA LEGISLATURE WHERE YOU CARRIED SUCH LEGISLATION. YOU DO REPRESENT ONE OF THE MOST PRISTINE AND MOST PRECIOUS PARTS OF THE CALIFORNIA COAST, MONTEREY BAY. IT'S APPROPRIATE FOR THIS CONGRESS TO ACT ON THIS RESOLUTION RECOGNIZING WOD OCEAN DAY. BEYOND THAT, RECOIZING THE ITICAL IMPORTANCE OF OCEANS TO ALL OF US. IT IS THE BIRTHPLACE OF LIFE. IT THE PLACE WHERE WE FIND OUR CLIMATE, OUR OXYGEN, A LOT OF OUR FOOD AND OUR COMMERCE. IT'S A PLACE WHERE WE HAVE OVER THE YEARS TRASHED. TRASH IS FLOWING INTO THE OCEAN . POLLUTION OF ALL KINDS. AND NOW THE ULTIMATE POLLUTION OF A BLOWOUT OF AN OIL WELL IN THE GULF OF MEXICO. IT'S TIME FOR US TO NOT ONLY PAY ATTENTION TO THE OCEAN, WHAT THIS RESOLUTION DOES, IT'S TIME FOR US TO PROTECT THE OCEANS. WE KNOW THE CLIMATE CHANGE, THE INCREASING CARBON DIOXIDE IN THE ATMOSPHERE IS LEADING TO THE ACIDIFICATION OF OCEANS, AND THAT WILL KILL MUCH OF THE LIFE OF THE OCEAN IF IWERE TO CONTINUE TO INCREASE. WHAT ARE WE DOING ABOUT IT? WELL, WE'LL RECOGNIZE IT TODAY. WEAKE THAT AS STEP ONE. THE ADMINISTRATION NEEDS TO GIVE US INFORMATION. WE NEED TO REINN THE OIL INDUSTRY AND MAKE SURE THAT ANY DRILLING IN THE OCEAN IS DONE AT A MAXIMUM SAFE WAY. FOR THE WEST COAST, I'VE AUTHORED THE WEST COAST PROTECTION ACT THAT WOULD PROHIBIT NEW LEASES OFF THE WEST COAST OF CALIFORNIA, OREGON AND WASHINGTON. THAT IS THE MAXIMUM PROTECTION. MORE NEEDS TO BE DONE. THIS IS A STARTING POINT. THIS IS THE RECOGNITION OF OUR RESPONSIBILITY AS MEMBERS OF CONGRESS TO TAKE ACTION, NOT ONLY WITH A RESOLUTION RECOGNIZING THIS DAY, BUT WITH SOLID LAWS THAT REQUIRE THE PROTECTION AND PROVIDE THE PROTECTION NECESSARY FOR THE OCEAN. I YIELD BACK MY TIME.

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  • 11:35:25 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM OHIO.

  • 11:35:29 AM

    MR. TURNER

    THANK YOU, MR. SPEAKER. GAIN, AS WE TAKE UP THIS RESOLUTION FOR WORLD…

    THANK YOU, MR. SPEAKER. GAIN, AS WE TAKE UP THIS RESOLUTION FOR WORLD OCEAN DAY, AMERICA HAS QUESTIONS FOR THIS ADMINISTRATION ON HOW THEY'RE GOING TO STOP THIS LEAK, HOW WE'RE GOING TO PROTECT OUR OCEANS AND THE WILDLIFE AND HOW THIS IS GOING TO BE CLEANED UP. YOU KN, MOST ADMINISTRATIONS WHEN THEY TAKE OFFICE, THEY WERE READY FOR THE JOB DAY ONE. WELL, DAY ONE WAS A YEAR AND A HALF AGO, AND WE STILL HAVE A CRISIS IN THE GULF AND PEOPLE WANT TO KNOW, WHERE IS THE ADMINISATION? WE'RE ON DAY 51 OF THE LEAK DOWN IN THE GULF. DAY 51. PERHAPS IN ADDITION TO WORLD OCEAN DAY, EVERY DAY CONGRESS SHOULD PASS A RESOLUTION CLAIMING, YOU KNOW, PROCLAIMING A DAY IN HONOR OF THE TRAGEDY THAT'S OCCURRING DOWN ITHE GULF. DAY 51 AND WE STILL DON'T HAVE AN ANSWER, WE DON'T KNOW HOW THIS IS GOING TO BE STOPPED, WE DON'T KNOW WHAT THE ADMINISTRATION'S PLANS ARE, AND DON'T KNOW WHAT THE ADMINISTRATION'S PLANS ARE FOR CLEANING THIS UP. I RESERVE THE BALANCE OF MY TIME.

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  • 11:36:24 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLELADY FROM…

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLELADY FROM CALIFORNIA.

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  • 11:36:28 AM

    MS. CHU

    MR. SPEAKER, I YIELD REE MINUTES TO THE GENTLEMAN FROM OHIO, MR. KUCINICH.

  • 11:36:34 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR THREE MINUTES.

  • 11:36:37 AM

    MR. KUCINICH

    I THANK THE GENTLELADY A RISE IN SUPPORT OF THE RESOLUTION, JUNE 8 AS…

    I THANK THE GENTLELADY A RISE IN SUPPORT OF THE RESOLUTION, JUNE 8 AS WORLD OCEANS DAY, BUT FOR THE PAST 50 DAYS AND FOR THE NEXT SIX MONTHS, AT LEAST, EVERY OTHER DAY IS GOING TO BE RUIN OUR OCEANS DAY. AND WE'D LIKE TO THINK, WELL, THIS IS ALL ABOUT B.P. I THINK WE HAVE TO GO A LITTLE BIT FURTHER. WE HAVE TO UNDERSTAND THAT WE HAVE BEEN PURSUING A WAY OF LIFE TT IS NOT SUSTAINABLE. IT'S NOT SUSTAINABLE FOR WE AS HUMAN BEINGS. IT'S NOT SUSTAINABLE FOR OUR PLANET. SO WE CAN BE HERE TODAY TO TALK ABOUT THE OCEANS AND WE SHOULD. BUT WE HAVE TO KEEP IN MIND, MR. SPEAKER, THAT OUR OCEANS RECEIVE BILLIONS OF GALLONS OF RUNOFF FLOWS, PESTICIDES, METALS LIKE MERCURY AND LEAD, MASSIVE AMOUNTS OF FERTILIZER, VITAL ORGANIC COMPOUNDS, COUNTLESS OF OTHER CHEMICALS, EVEN BEFORE THE DEEPWATER DISASTER. THIS RUNOFF CAUSED THE SINGLE BIGGEST DEAD ZONE IN THE GULF OF MEXICO. OUR OCEANS ARE ABSORBING THE MALFESANCE OF OIL COMPANIES WHO ARE NOT ONLY RESPONSIBLE FOR AT LEAST THREE SEPARATE MAJOR OIL GUSHERS AS WE SPEAK BUT ARE RESPONSIBLE AS BEING ONE OF TWO MAJOR CONIBUTORS CAUSING CLIMATE CHANGE. AND WE'RE SUBSIDIZING THEM WITH TAXPAYERS' MONEY. OUR OCEANS ARE ABSORBING THE MALFESANCE OF COAL COMPANIES, THE OTHER MAJOR FOSSIL FUEL CONTRIBUTOR TO CLIMATE CHANGE. FOR DECADES THE OCEANS HAVE BEEN OUR REPOSITORY FOR THE GREENHOUSE GASES THAT COME MOSTLY FROM THE BURNING OF FOSSIL FUEL. THE RESULT IS THAT OCEANS HAVE GROWN MORE ACIDIC. CORAL IS DYING. UNDERWATER TEMPT PATTERNS ARE SHIFTING. UNDERMINING ENTIRE ECOSYSTEMS AND THERE ARE SIGNS OUR OCEANS HAVE REACHED THE LIMIT. SOME STUDIES SAY THEY WON'T BE ABLE TO ABSORB ANY MORE IF ANY MORE GREENHOUSE GASES OUT THE ATMOSPHERE THAT ONLY INCREASES THE URGENCY WITH WHICH WE MUST ACT TO ACHIEVE A CARBON-FREE AND EVEN NUCLEAR-FREE ENERGY PORTFOLIO. BUT THE ULTIMATE CHALLENGE THAT WE HAVE ABOUT UPHOLDING THE ENVIRONMENTAL INTEGRITY OF OUR OCEANS COMES BECAUSE WE HAVE REALLY DISASSOCIATED OURSELVES FROM NATURE. WE SEE NATURE AS BEING OUT THERE. WE SEE NATURE AS NOT EVEN BEING A PART OF US. AND BECAUSE WE ARE AVOIDING OUR RESPONSIBILITY TO GOD'S CREATION, THE PRICE WE'LL PAY IN THE FUTURE WILL KEEP GETTING HIGHER, A PLANET RUINED AND ALL OF LIFE THREATENED WITH EXTINCTION. SO WE COULD KEEP TEMP RISING ABOUT WHAT'S GOING ON IN THE GULF, BUT THE FACT OF THE MATTER IS THAT SOONER OR LATER WE MUST COME TO THE KIND OF ENERGY WE'RE USING AND WHATHE DAMAGE IS DONE TO THE ENVIRONMENT AND TO THE HUMAN RACE AND ALL OF THE LIFE ON THE PLANET.

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  • 11:39:44 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM OHIO.

  • 11:39:48 AM

    MR. TURNER

    THANK YOU, MR. SPEAKER. I APPRECIATE MR. KUCINICH'S COMMENTS FROM OHIO ON…

    THANK YOU, MR. SPEAKER. I APPRECIATE MR. KUCINICH'S COMMENTS FROM OHIO ON THE ISSUES OF HOW WE NEED TO LOOK AT, YOU KNOW, HOW WE'RE TREATING THE ENVIRONMENT. AS WE'RE IN TODAY 51 OF THIS CRISIS IN THE GULF, CORESS HAS BEGUN TO HAVE HEARINGS. THE HOUSE AND THE SENATE ASKING QUESTIONS ABOUT WHAT HAPPENED, BUT I THINK THE ADMINISTRATION NEEDS TO COME FORWARD. AS PEOPLE LOOK TO THE NEWS AND THE WEBCAMS, THEY NEED TO KNOW FROM THIS ADMINISTRATION THE ANSWER, HOW IS THIS GOING TO BE STOPPED, HOW IS THIS GOING TO BE ACESSED, HOW IS THIS GOING TO BE CLEANED UP? 51 DAYS INTO THIS WE DON'T KNOW HOW THIS WILL BE OPPED OR WHATANNER IN WHICH IT SHOULD BE STOPPED. WE'RE STILL LISTENING TO B.P. GIVE US THE ANSWERS INSTEAD OF ADMINISTRATION TELLING U WELL, WHAT IS THE STANDARD, WHAT SHOULD BE HAPPENING, HOW SHOULD WE BE PROTECTING THE COAST? AND IT MAKES YOU WONDER A YEAR AND A HALF INTO THIS ADMINISTRATION, HOW ARE WE DOING ON THE OTHER OIL RIGS THAT ARE THERE? IS THIS ADMINISTRATION PREPARED IN DETERMINING WHETHER OR NOT THE OTHER OIL RIGS CURRENTLY REPRESENT A THREAT? WHAT INSPECTIONS ARE THEY DOING? WHAT COMPLIANCE ARE THEY DOING? AS CONGRESS PASSES THIS WORLD OCEAN DAY, THE ADMINISTRATION SHOULD PAUSE AND TURN TO THE AMERICAN PEOPLE AND GIVE US RESPONSE 51 DAYS INTO THIS CRISIS DOWN ON THE GULF. I RESERVE THE BALANCE OF MY TIME.

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  • 11:41:14 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLELADY FROM…

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLELADY FROM CALIFORNIA.

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  • 11:41:18 AM

    MS. CHU

    MR. SPEAKER, I YIELD THREE MINUTES TO THE GENTLEMAN FROM OREGON,…

    MR. SPEAKER, I YIELD THREE MINUTES TO THE GENTLEMAN FROM OREGON, CONGRESSMAN BLUMENAUER.

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  • 11:41:23 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR THREE MINUTES.

  • 11:41:27 AM

    MR. BLUMENAUER

    YOU. I'M INTRIGUED WITH MY COLLEAGUE FROM OHIO'S APPROACH, BECAUSE WHEN…

    YOU. I'M INTRIGUED WITH MY COLLEAGUE FROM OHIO'S APPROACH, BECAUSE WHEN THE OTHER TEAM WAS IN CHARGE WE HAD A SERIES OF PROGRAMS THAT UNDERCUT THE ABILITY TO HAVE GOVERNMENT EQUIPPED, MOVING FORWARD. THE SCANDALS IN THE M.M.S., THE APPOINTMENT OF PEOPLE LITERALLY FROM THE INDUSTRY TO SORT OF LOOK AT THEIR FORMER COLLEAGUES, PEOPLE WHO WERE LITERALLY IN BED WITH THE PEOPLE THAT THEY WERE SUPPOSED TO REGULATE. A SERIES OF EFFORTS, THE LANY THAT WE HAVE HEARD FROM OUR COLLEAGUES WHEN THEY WERE IN CHARGE WAS TO CUT BACK ON REGULATION, TO MOVE IT FASTER, TO DO MORE DRILL, BABY, DRILL. WITH ALL DUE RESPECT, I THINK LOOKING AT THE HISTORY OF 10 YEARS OF MOVING IN THE OTHER DIRECTION TO SOMEHOW FAULT THE ADMINISTRATION WHO INHERITED A UNPARALLELED ECONOMIC COLLAPSE, PROBLEMS WITH E.P.A., WITH M.M.S., AROUND THE WHOLE ARRAY OF AREAS THAT ARE A CONSEQUENCE OF POLICIES THAT WERE PUT IN PLACE BY OUR FRIENDS ON THE OTHER SIDE OF THE AISLE. I FEEL IT SOMEWHAT IRONIC THAT WE'RE CELEBRATING OCEANS DAY ON THE 50TH DAY OF THE DISASTER, 51ST. I AM HOPEFUL THAT IT IS AN AREA THAT WE'RE NOT SOMEHOW GOING TO SPEND -- I'M HAPPY TO GO TOE TO TOE WITH MY FRIEND IN TERMS OF WHAT THE REPUBLICANS DID AND THEIR POLICIES TO STRIP THE FEDERAL GOVERNMENT OF THE ABILITY TO MOVE FORWARD, BUT I THINK WHAT WE NEED TO DO IS TALK ABOUT WHAT WE'RE GOING FORWARD -- WHERE WE'RE GOING FORWARD TO REDUCE OUR RELIANCE ON IMPORTED OIL. WE NEED TO MOVE TOWARD A GREENER, CLEANER APPROACH. WE ABSOLUTELY NEED TO BE AGGRESSIVE IN MAKING SURE THAT THE LAWS ARE ENFORCED. WE NEED TO HAVE PEOPLE WHO STOPPED BEING APOLL GISTS FOR THE INDUSTRY, -- APOLOGISTS FOR THE INDUSTRY, WHETHER IT'S B.P. OR OTHERS, AND MOVE TO A NEW ERA OF ENERGY EFFICIENT USE. I AM HONORED TO BE ON THE FLOOR WITH MY COLLEAGUE, MR. FARR, WHO HAS BEEN A CHAMPION FOR AS LONG AS I'VE BEEN IN CONGRESS ON AN AREA THAT DESERVES FAR MORE ATTENTION, FAR MORE RESOURCES, FAR MORE WORK ON THE PART OF THE CONGRESS. I WOULD HOPE THAT RESPECT FOR THE OCEANS, THAT RESEARCH AND PROTECTIONS WOULD BE SOMETHING THAT BRINGS US TOGETHER SO THAT NOT ONLY DO WE AVOID DISASTERS LIKE THIS IN THE FUTURE BUT WE'RE ABLE TO DO A BETTER JOB WITH THE WIDE ARANGE OF AREAS THAT ARE GOING TO MAKE SUCH A DIFFERENCE FOR THE FUTURE OF THE PLANET. THANK YOU AND I YIELD BACK.

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  • 11:44:13 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM OHIO.

  • 11:44:18 AM

    MR. TURNER

    WITH ALL DUE RESPECT TO THE GENTLEMAN FROM OREGON, SINCE THE DEMOCRATS…

    WITH ALL DUE RESPECT TO THE GENTLEMAN FROM OREGON, SINCE THE DEMOCRATS HAVE BEEN IN CHARGE FOR THE HOUSE FOR THE PAST 3 1/2 YEARS, IF THERE WERE ANY REGULATORY OR LEGISLATIVE ISSUES OR RESOLUTIONS THAT NEEDED TO BE PASSEDCERTAINLY WE WOULD HAVE SEEN THOSE AND THEY WOULD HAVE MOVED FORWARD OUT OF THIS HOUSE. UNFORTUNATELY, WHAT WE SEE OUT OF THIS HOUSE IS A RESOLUTION FOR WORLD OCEAN DAY. A RESOLUTION FOR WORLD OCEAN DAY WHILE WE HAVE THIS CRISIS GOING ON DOWN IN THE GULF AND THE ADMINISTRATION'S STILL NOT GIVING US ANSWERS AS TO HOW IS THIS GOING TO BE ADDRESSED. I MEAN, THE BIG QUESTION THAT EVERYBODY HAS IN THE NEWS IS NOT WHAT IS B.P. DOING AND WHAT ARE THEY GOING TO BE DOING NEXT OR IS THE FIX THAT THEY'RE CURRENTLY PURSUING GOING TO WORK, BUT WHAT IS THIS ADMINISTRATION'S ANSWER TO HOW THIS SHOULD BE ADDRESSED, WHAT SHOULD BE DONE? THIS ADMINISTRATION HAS BEEN IN OFFICE FOR A YEAR AND A HALF. THIS CRISIS HAS BEEN GOING ON FOR 51 DAYS. SURELY OVER THE PAST 5 IS DAYS THE ADMINISTRATION SHOULD BE -- 51 DAYS THE ADMINISTRATION SHOULD BE ABLE TO STEP FORWARD AND GIVE THE AMERICAN PEOPLE A CLEAR ANSWER AS TO HOW THIS ANSWERED, HOW THIS IS GOING TO BE STOPPED AND HOW WE'RE GOING TO CLEAN THIS UP. THIS IS SOMETHING I THINK EVERYONE WOULD PAUSE FOR THOSE ANSWERS. I RESERVE THE BALANCE OF MY TIME.

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  • 11:45:30 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES. THE GENTLELADY FROM CALIFORNIA.

  • 11:45:33 AM

    MS. CHU

    MR. SPEAKER, I YIELD THREE MINUTES TO THE GENTLEWOMAN FROM CALIFORNIA,…

    MR. SPEAKER, I YIELD THREE MINUTES TO THE GENTLEWOMAN FROM CALIFORNIA, CONGRESS MEMBER CAPPS.

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  • 11:45:37 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLELADY IS RECOGNIZED FOR THREE MINUTES. .

  • 11:45:43 AM

    MISS CAPS

    RISE TODAY TO EXPRESS MY STRONG SUPPORT FOR H.RES. 1330, A RESOLUTION…

    RISE TODAY TO EXPRESS MY STRONG SUPPORT FOR H.RES. 1330, A RESOLUTION RECOGNIZING JUNE 8 AS WORLD OCEANS DAY. I WANT TO THANK MY COLLEAGUE AND DEAR FRIEND, SAM FARR, WHO REPRESENTS THE NEIGHBORING KISS TRICT -- DISTRICT TO MINE FOR INTRODUCING THIS IMPORTANT RESOLUTION OF WHICH I'M A PROUD CO-SPONSOR. WE ARE A WATER PLANET, MR. SPEAKER. THE OCEANS COVER 71% OF THE EARTH'S SURFACE AND CONTAIN 90% -- 97% OF THE PLANET'S WATER. THEY REGULATE OUR CLIMATE. THEY REGULATE OUR WEATHER. WE DEPEND ONHEM FOR THE AIR WE BREATHE, FOR PROTOON IN OUR DIET, FOR OUR -- PROTEIN IN OUR DIET AND QUALITY OF LIFE. YESTERDAY THE INTERNATIONAL COMMUNITY CELEBRATED WORLD OCEANS DAY. NOW MORE THAN EVER IT IS TIME FOR US TO PAY TRIBUTE TO OUR OCEANS AND TO THEIR RESOURCES. TWO NATIONAL COMMISSIONS HAVE FOUND OUR OCEANS ARE UNDER INCREASING PRESSURE. THEY ARE SHOWING SIGNS OF SERIOUS DECLINE FROM OXYGEN DEPRIVED DEAD ZONES TO DEPLETED FISH POPULATIONS TO CONTAMINATED BEACH WATERS. NOW WE MUST ADD A MASSIVE OIL SPILL TO THE LIST. THIS DISASTROUS GULF OIL SPILL IS THE WORST ENVIRONMENTAL DISASTER IN OUR NATION'S HISTORY. THERE IS NO DOUBT OUR ADDICTION TO OIL JEOPARDIZES THE VIBRANT AND ECONOMICALLY IMPORTANT MARINE LIFE OF THE WORLD'S OCEANS. WE ARE BEING REMINDED EVERY DAY OF THE OFTEN FORGOTTEN VALUE OF THESE RESOURCES, AND IT'S OUR RESPONSIBILITY TO PROTECT THEM. A NATIONAL OCEAN POLICY IS NEEDED, MR. SPEAKER, PERHAPS NOW MORE THAN EVER. SUCH A POLICY WOULD ENSURE THAT ACTIVITIES OCCURRING OFF OUR SHORES LIKE OFFSHORE DRILLING, THAT THESE ACTIVITIES MEET THE BASIC REQUIREMENTS OF PROTECTING, MAINTAINING RESTORING OUR OCEANS' ECOSYSTEM. PRESIDENT OBAMA HAS ALL RIGHT START ADD TASK FORCE TO DEVELOP A NATIONAL OCEAN POLICY. THIS IS AN IMPORTANT FIRST STEP THAT WILL BETTER PROTECT OUR OCEANS. BUT THERE IS ANOTHER STETHAT CONGRESS CAN TAKE. SO I URGE MY COLLEAGUES TO JOIN WITH ME, NOT ONLY IN SUPPORTING THIS IMPORTANT RESOLUTION RECOGNIZING WORLD OCEANS DAY, BUT AS OUR COLLEAGUE FROM OREGON JUST STATED, MOVING FORWARD, TAKING THE COLLECTIVE RESPONSIBILITY, THE STEWARDSHIP, THAT WE SHARE TO DEFEND AND CARE FOR OUR WATER PLANET. I YIELD BACK. THE SPEAKER PRO TEMPORE: THE GENTLELADY YIELDS BACK. THE CHAIR

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  • 11:48:17 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLELADY YIELDS BACK. THE CHAIR WOULD INFORM THE -- THE GENTLELADY…

    THE GENTLELADY YIELDS BACK. THE CHAIR WOULD INFORM THE -- THE GENTLELADY FROM CALIFORNIA HAS 3 1/2 MINUTES. THE GENTLEMAN FROM OHIO HAS 14. THE GENTLEMAN FROM OHIO.

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  • 11:48:30 AM

    MR. TURNER

    SPEAKER. THE PRIOR SPEAKER INDICATED THAT THE PRESIDENT HAS PULLED…

    SPEAKER. THE PRIOR SPEAKER INDICATED THAT THE PRESIDENT HAS PULLED TOGETHER A TASK FORCE FOR NATIONAL OCEAN POLICY AND IS LOOKING FOR PUBLIC INPUT. I THINK WE KNOW WHAT THAT PUBLIC INPUT IS. IT'S, MR. PRESIDENT, TELL THE AMERICAN PEOPLE HOW THIS LEAK'S GOING TO BE STOPPED. TELL US HOW THIS CLEANUP IS GOING TO OCCUR. TELL US HOW THIS IS GOING TO BE AVOIDED IN THE FUTURE. THE PUBLIC INPUT IS STOP THE LEAK. I RESERVE THE BALANCE OF MY TIME.

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  • 11:48:55 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLELADY FROM…

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLELADY FROM CALIFORNIA.

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  • 11:48:59 AM

    MS. CHU

    SIDE HAVE ANY SPEAKERS?

  • 11:49:07 AM

    MS. CHU

    YOU. I NOW RECOIZE THE AUTHOR OF THIS RESOLUTION, REPRESENTATIVE FARR, THE…

    YOU. I NOW RECOIZE THE AUTHOR OF THIS RESOLUTION, REPRESENTATIVE FARR, THE GENTLEMAN FROM CALIFORNIA, FOR THREE MINUTES.

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  • 11:49:17 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR THREE MINUTES.

  • 11:49:20 AM

    MR. FARR

    YOU VERY MUCH FOR YIELDING. AND I APPRECIATE THE SUPPORT FOR THIS BILL ON…

    YOU VERY MUCH FOR YIELDING. AND I APPRECIATE THE SUPPORT FOR THIS BILL ON BOTH SIDES OF THE AISLE. I JUST LIKE TO ADDRESS ALTHOUGH THE RESOLVE CLAUSE IS VERY SIMPLE, IT RECOGNIZES FOR THE FIRST TIME THAT CONGRESS RECOGNIZES FOR THE FIRST TIME THAT WE OUGHT TO RECOGNIZE A DAY WHEN THE WHOLE WORLD IS TRYING TO RECOGNIZE THE OCEAN. IT DOES COVER 2/3 OF OUR PLANET AND IT IS VERY IMPORTANT TO THE ECOSYSTEM AND HEALTH AND WELL-BEING OF MANKIND TO HAVE A HEALTHY OCEAN. AND THAT'S -- IN A WAY AS THE MINORITY SPEAKER SAID, THAT'S NOT A BIG DEAL WHEN THERE IS A HUGE CRISIS GOING ON, BUT IT IS THE FIRST TIME CONGRESS HAS RECOGNIZED THE OCEAN IN THAT SENSE. SO IT IS IMPORTANT AS THE FIRST STEP. I THINK WHAT'S MORE IMPORTANT IN ANSWER TO SOME OF THE QUESTIONS THAT YOU RAISE NOT JUST THE QUESTIONS OF CLEAN UP IN THE GULF BUT A MUCH BIGGER QUESTION THAT A LOT OF US HAVE BEEN ASKING, IS WHERE IS THE NATIONAL OCEAN POLICY? WE HAVE HAD POLICY ABOUT CLEAN WATER. AND HOW WE WANT TO GOVERN THAT AND SET UP A PROCESS FOR DETERMINING HOW WE CAN ENSURE THAT WATER THAT WE DRINK AND THAT WE DISBURSE INTO THE OCEAN IS CLEAN. WE HAVE NATIONAL POLICY ON AIR QUALITY, SO THE AIR WE BREATHE. BUT WE HAVE NO NATIONAL POLICY ON HEALTH OF THE OCEANS OR EVEN USE OF THE OCEANS FOR FISHING, OR MINING, FOR OTHER KINDS OF PURPOSES. THAT IS WHAT'S LACKING. WE COME TO THIS -- WE ARE GOVERNING IN A CRISIS AS WE HAVE AN OIL SPILL. WHEN I RESPECT E COMMITTEE IN DOING IN THEIR UNANIMOUS CONSENT IS LOOKING AT THESE WEAR HOUSES IN THIS BILL THAT REALLY CALLS FOR THESE BIGGER POLICIES. SO THAT WE DON'T GET INTO THIS PROBLEMATIC AREA, KIND EVER GOING AT THINGS BLINDLY. AND -- KIND OF GOING AT THINGS BLINDLY. AND I THINK THAT'S REALLY IMPORTANT HERE. IT IS INTRODUCED BEFORE THE OIL SPILL BEGAN, BUT CERTAINLY HAS DEVELOPED A LOT OF POPULARITY BECAUSE PEOPLE WANT TO SAY, YES, WE DO RECOGNIZE THE OCEANS. I THINK THIS IS A FIRST START FOR CONGRESS TO REALLY LOOK AT A COMPREHENSIVE PACKAGE OF ISSUES. WE CAN GO INTO THE DEBATE AND GET INTO A LOT OF THE THINGS YOU HEARD TODAY BUT IT'S IMPORTANT WE GATHER TOGETHER IN A UNANIMOUS BIPARTISAN WAY AND LOOK AT THE FACT THAT THE OCEAN IS A VERY CRITICAL RESOURCE TO THE WELL-BEING OF THE WORLD MUCH LESS THE WELL-BEING OF THE UNITED STATES. AND I APPRECIATE THE BIPARTISAN SUPPORT TO BRING THIS BILL TO THE FLOOR. I ASK THAT WE HAVE A UNANIMOUS VOTE ON IT.

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  • 11:52:00 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM OHIO.

  • 11:52:06 AM

    MR. TURNER

    TAKES UP WORLD OCEAN DAY, WE ARE 51 DAYS INTO A CRISIS IN THE GULF. FOR…

    TAKES UP WORLD OCEAN DAY, WE ARE 51 DAYS INTO A CRISIS IN THE GULF. FOR THIS ADMINISTRATION, YEAR AND A HALF IN THIS ADMINISTRATION, STILL HAS NOT PROVIDED AMERICAN PEOPLE WITH ANSWERS AS TO HOW THIS WEEK WILL BE STOPPED, HOW WILL THIS BE CLEANED UP. AS WE TAKE UP WORLD OCEAN DAY PAUSES LOOKING AT THE 51 DAYS OF THE CONTINUING CRISIS IN THE GULF AND LOOKS FOR ANSWERS. WITH THAT I YIELD BACK.

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  • 11:52:32 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLELADY FROM…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLELADY FROM CALIFORNIA.

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  • 11:52:35 AM

    MS. CHU

  • 11:52:43 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEWOMAN YIELDS BACK THE BALANCE OF HER TIME. THE QUESTION IS WILL…

    THE GENTLEWOMAN YIELDS BACK THE BALANCE OF HER TIME. THE QUESTION IS WILL THE HOUSE SUSPEND THE RULES AGREE TO HOUSE RESOLUTION 1330 AS AMENDED. SO MANY AS ARE IN FAVOR SAY AYE. THOSE POSED, NO. IN THE OPINION OF THE CHAIR, 2/3 OF THOSE VOTING HAVING RESPONDED IN THE AFFIRMATIVE, THE RULES ARE SUSPENDED --

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  • 11:52:59 AM

    MS. CHU

    ORDER A QUORUM IS NOT PRESENT.

  • 11:53:02 AM

    THE SPEAKER PRO TEMPORE

  • 11:53:26 AM

    MS. CHU CHU

    I MOVE THE HOUSE SUSPEND THE RULES AND AGREE TO THE BL H.R. 5278.

  • 11:53:30 AM

    THE SPEAKER PRO TEMPORE

    THE CLERK WILL REPORT THE TITLE OF THE BILL.

  • 11:53:32 AM

    THE CLERK

    H.R. 5278, A BILL TO DESIATE THE FACILITY OF THE UNITED STATES POSTAL…

    H.R. 5278, A BILL TO DESIATE THE FACILITY OF THE UNITED STATES POSTAL SERVICE LOCATED AT 405 WEST SECOND STREET IN DIXON, ILLINOIS, AS THE PRESIDENT RONLT W. REAGAN POST OFFICE BUILDING. -- --

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  • 11:53:45 AM

    THE SPEAKER PRO TEMPORE

    PURSUANT TO THE RULE, THE GENTLELADY FROM CALIFORNIA, MS. CHU, AND THE…

    PURSUANT TO THE RULE, THE GENTLELADY FROM CALIFORNIA, MS. CHU, AND THE GENTLEMAN FROM OHIO, MR. TURNER, EACH WILL CONTROL 20 MINUTES. THE CHAIR RECOGNIZES THE GENTLELADY FROM CALIFORNIA.

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  • 11:53:54 AM

    MS. CHU

    WITHOUT OBJECTION, SO ORDERED.

  • 11:54:03 AM

    MS. CHU

    I NOW YIELD MYSELF AS MUCH TIME AS I MAY CONSUME.

  • 11:54:07 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLELADY IS RECOGNIZED.

  • 11:54:09 AM

    MS. CHU

    ON BEHALF OF THE HOUSE COMMITTEE ON OVERSIGHT AND GOVERNMENT REFORM, IT IS…

    ON BEHALF OF THE HOUSE COMMITTEE ON OVERSIGHT AND GOVERNMENT REFORM, IT IS MY GREAT PRIVILEGE AS A MEMBER OF THE CALIFORNIA DELEGATION TO RISE IN SUPPORT OF H.R. 5278. THIS MEASURE DESIGNATES THE UNITED STATES POSTAL BUILDING LOCATED AT 4051 SECOND STREET IN DIXON, ILLINOIS, AS THE PRESIDENT RONALD W. REAGAN POST OFFICE BUILDING. PRESIDENT REAGAN HARDLY NEEDS AN INTRODUCTION ON THIS FLOOR. MANY OF THOSE WHO KNEW PRESIDENT REAGAN REFER TO HIM AS THE GREAT COMMUNICATOR. THUS IT IS FITTING WE COMMEMORATE HIS LEGACY THROUGH THE NAMING OF THIS POST OFFICE. THE SON OF A SHOE SALESMAN, RONALD REAGAN WAS BORN IN ILLINOIS IN 1911. HE WAS A CONSTRUCTION WORKER, A LIFEGUARD, RADIO ANNOUNCER, AND ACTOR. AFTER SERVING IN THE AIR FORCE, HE RETURNED TO ACTING BEFORE SUCCESSFULLY RUNNING FOR CALIFORNIA GOVERNOR DESPITE NEVER HAVING HELD PUBLIC OFFICE BEFORE. PREST REAGAN SUCCESSFULLY OBTAINED LEGISLATION TO STIMULATE ECONOMIC GROWTH, CURB INFLATION, AND INCREASE EMPLOYMENT. HIS CONTRIBUTIONS ON BEHALF OF FREEDOM AROUND THE WORLD ARE UN PARALLELED SINCE THE END OF WORLD WAR II. THERE IS NO MORE COLD WAR. THERE IS NO MORE BERLIN WALL. AND IT IS BECAUSE OF THE LEADERSHIP OF PRESIDENT RONALD REAGAN. HE WAS INSTRUMENTAL IN BRINGING THE BREADTH OF FREEDOM TO MFLS PEOPLE AROUND THE WORLD WHO SPENT DECADES UNDER THE YOLK OF TYRANNY. PRESIDENT REAGAN LEFT A LASTING IMPRINON AMERICAN POLITICS, DIPLOMACY, CULTURE, AND ECONOMICS. AS A CALIFORNIA REST DIDN'T, I AM HONORED TO SUPPORT H.R. 5278. IT WAS INTRODUCED BY OUR COLLEAGUE, THE GENTLEMAN FROM ILLINOIS, REPRESENTATIVE BILL FOSTER, ON MAY 12, 2010. THE MEASURE WAS REFERRED TO THE MMITTEE ON OVERSIGHT AND GOVERNMENT REFORM WHICH ORDERED IT REPORTED BY UNANIMOUS CONSENT ON MAY 6, 2010. THE MEASURE HAS THE SUPPORT OF THE ENTIRE ILLINOIS DELEGATION. I THANK THE GENTLEMAN FROM ILLINOIS FOR INTRODUCING THIS MESH -- MSHEESH YOU ARE -- MEASURE AND I THANK THOSE FOR SUPPORT OF THIS BILL. I RESERVE THE BALANCE OF MY TIME.

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  • 11:56:21 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLELADY RESERVES THE BALANCE OF HER TIME THE GENTLEMAN FROM OHIO.

  • 11:56:24 AM

    MR. TURNER

    YIELD MYSELF SUCH TIME AS I MAY CONSUME.

  • 11:56:27 AM

    MR. TURNER

    I RISE TODAY IN SUPPORT OF H.R. 5278, TO DESIGNATE THE FACILITY OF THE…

    I RISE TODAY IN SUPPORT OF H.R. 5278, TO DESIGNATE THE FACILITY OF THE UNITED STATES POSTAL SERVICE LOCATED AT 405 WEST SECOND STREET IN DIXON, ILLINOIS, AS THE PRESIDENT RONALD W. REAGAN POST OFFICE BUILDING. RONALD REAGAN WAS BORN IN ILLINOIS IN 1911. HE ATTENDED HIGH SCHOOL IN DIXON, ILLINOIS, AFTER WHICH HE WORKED HIS WAY THROUGH COLLEGE. WHILE THERE HE BEGAN ACTING IN SCHOOL PLAYS ALONG WITH HIS STUDIES OF ECONOMICS AND SOCIOLOGY. AFTER GRADUATING COLLEGE HE HAD A LIFE FULL OF ACHIEVEMENTS. HE WAS A SPORTS RADIO ANNOUNCER, NOTED ACTOR APPEARING IN 53 FILMS, TWO-TIME PRESIDENT OF THE SCREEN ACTORS GUILD, AND HOST OF A LONG RUNNING TELEVISION SERIES. AS A SELF-DESCRIBE CITIZEN POLITICIAN, IN 1966 HE WAS ELECTED AS THE 3 RD GOVERNOR OF CALIFORNIA BY OVER A MILLION VOTES. HE WAS THEN RE-ELECTED IN 1970. HIS MANY SUCCESSES WHILE GOVERNOR MADE HIM INTO A NATIONAL POLITICAL FIGURE AS HE BECAME A STANDARD-BEARER WITHIN THE REPUBLICAN PARTY. AFTER A FAILED ATTEMPT TO RECEIVE THE REPUBLICAN NOMINATION IN 1976, HE WAS SELECTED BY HIS PARTY AND ELECTED BY THE AMERICAN PEOPLE TO PRESIDENT IN 1980. SHORTLY AFTER TAKING OFFICE AS PRESIDENT OF THE UNITED STATES IN 1981, HE WAS SHOT AND WOUNDED BY A WOULD-BE ASSASSIN BUT SOON RECOVERED AND RETURNED TO WORK SHOWING HIS TRADEMARK OF GRACE UNDER FIRE. DURING HIS TERM HE DEALT SUCCESSFULLY WITH A NUMBER OF MOMENTOUS ECONOMIC, POLITICAL, AND FOREIGN AFFAIRS CHALLENGES. EVEN AS HE WAS FACED WITH MATTERS INVOLVING THE GLOBAL INTEREST OF THE UNITED STATES IN VARIOUS AREAS OF THE WORLD, HE DID NOT NEGLIGENT SERIOUS PROBLEMS IN THE WESTERN HEMISPHERE. HIS STYLE OF SEEKING PEACE THROUGH STRENGTH WHILE IN OFFICE PROVED TO BE A TACTIC THAT WAS HIGHLY SUCCESSFUL AND VERY POPULAR. RONALD REAGAN REMAINS ONE OF OUR MOST POPULAR AND BELOVED PRESIDENTS. HIS TWO TERMS AS PRESIDENT WERE MARKED WITH MANY ACHIEVEMENTS, NONE GREATER THAN BEING THE CATALYST FOR THE END OF THE COLD WAR. ONE OF HIS MOST MEMORABLEATION, TRUST BUT VERIFY, REMAINS APPROPRIATE FOR US TODAY. HIS LIFE WAS TRULY UNIQUE AMERICAN STORY AS HE ROSE FROM HUMBLE BEGINNINGS, AND ENJOYED THE BOUNTY OF DEDICATION AND HARD WORK WHICH WAS INDEED A MOVIE SCRIPT STORY THAT BECAME REALITY. MR. SPEAKER, RONALD REAGAN -- MADAM SPEAKER, RONALD REAGAN EMBODIED THE AMERICAN SPIRIT, THE AMERICAN DREAM, AS HE SAID IN HIS FAREWELL ADDRESS TO THE NATION IN JANUARY OF 1989, HE SPOKE OF THE DETERMINATION TO, QUOTE, REDISCOVER OUR VALUES AND OUR COMMON SENSE. RONALD REAGAN TRUSTED AND BELIEVED AND WE ARE THE PEOPLE AND I BELIEVE HE WAS ONE OF AMERICA'S GREATEST PRESIDENTS. TODAY HIS STATUE WHICH WAS PLACED IN THE CAPITOL DOME INCLUDES PIECES OF THE BERLIN WALL WHICH HE CALLED TO BE TORN DOWN AND ENDING THE GRIP OF COMMUNISM IN EUROPE. I ASK ALL MEMBERS TO SUPPORT THIS BILL AND I RESERVE THE BALANCE OF MY TIME.

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  • 11:59:15 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEWOMAN FROM…

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEWOMAN FROM CALIFORNIA IS RECOGNIZED.

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  • 11:59:21 AM

    MS. CHU

    I YIELD THREE MINUTES TO THE AUTHOR OF THIS RESOLUTION, THE GENTLEMAN FROM…

    I YIELD THREE MINUTES TO THE AUTHOR OF THIS RESOLUTION, THE GENTLEMAN FROM ILLINOIS,

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  • 11:59:26 AM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM ILLINOIS IS RECOGNIZED FOR THREE MINUTES.

  • 11:59:30 AM

    MR. FOSTER

    SPEAKER, SIX YEARS AGO TODAY PRESIDENT RONALD REAGAN LAY IN STATE IN THE…

    SPEAKER, SIX YEARS AGO TODAY PRESIDENT RONALD REAGAN LAY IN STATE IN THE CAPITOL ROTUNDA, A HIGH AND FITTING HONOR FOR THIS CONSEQUENTIAL PRESIDENT AND NATIVE SON OF MY CONGRESSIONAL DISTRICT. TODAY I BRING TO THE FLOOR A FAR MORE MODEST TRIBUTE, A BILL THAT WOULD DESIGNATE THE POST OFFICE IN HIS BOYHOOD HOMETOWN OF DIXON, ILLINOIS, T PRESIDENT RONALD W. REAGAN POST OFFICE BUILDING. BORN IN ILLINOIS IN 1911 AND RAISED IN DIXON, PRESIDENT REAGAN SPENT HIS LIFE UPHOLDING THE STRONG VALUES OF SMALL TOWN AMERICA. BUT IT'S EASY TO OVERLOOK THE HUMBLE MIDWESTERN ORIGINS OF A MAN WHOSE CAREER TOOK HIM FROM HOLLYWOOD TO THE WHITE HOUSE. IN HIS AUTOBIOGRAPHER, PRESIDENT REAGAN SD OF DIXON, IT WAS A SMALL UNIVERSE WHERE I LEARNED THE STANDARDS AND VALUES THAT WOULD GUIDE ME THE REST OF MY LIFE. WHILE LIVING IN DIXON, PRESIDENT REAGAN ATTENDED GRADE SCHOOL AND HIGH SCHOOL. DECADES BEFORE STANDING AT THE BRANDONBERG GATE, HE STOOD GUARD AT THE BEACH WHERE ACCORDING TO LOCAL LORE HE SAVED THE LIVES OF 77 SWIMMERS IN THE ROCK RIVER. FOR THE CENTENNIAL OF PRESIDENT REAGAN'S BIRTH NEXT YEAR, THE COMMUNITIES ARE PLANNING NUMEROUS COMMEMORATIVE ACTIVITIES TO HONOR THE LOCAL HERO AND AMERICAN ICON. THERE WILL BE A GUOLLA EVENT IN FEBRUARY FOLLOWED LATER THAT MONTH BY THE PREMIERE OF AN ARRANGEMENT COMMISSIONED BY THE REAG CENTENNIAL COMMISSION AND THE DIXON MUNICIPAL BAND. LATER THAT YEAR, DIXON WILL HOST A ALZHEIMER'S WALK AND EDUCATION WORKSHOP IN HONOR OF THE LATE PRESIDENT. . WITH THE HELP OF THE HOUSE WE CAN MAKE DIXON THE FOCAL POINT OF THE REAGAN CENTENNIAL IN 2011. THIS IS A TRULY BIPARTISAN BILL WITH REPUBLICAN AND DEMOCRATIC CO-SPONSORS REPRESENTING DISTRICTS ACROSS THE COUNTRY. I URGE MY COLLEAGUES TO SUPPORT IT AND I YIELD BACK THE BALANCE OF MY TIME. THE SPEAKER PRO TEMPOR THE GENTLEMAN YIELDS BACK. THE GENTLEMAN FROM OHIO IS RECOGNIZED.

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  • 12:01:42 PM

    MR. BLUMENAUER

    I YIELD BACK THE BALANCE OF OF MY TIME.

  • 12:01:49 PM

    MS. CHU

    I URGE MY COLLEAGUES TO SUPPORT THIS MEASURE AND I YIELD BACK THE BALANCE…

    I URGE MY COLLEAGUES TO SUPPORT THIS MEASURE AND I YIELD BACK THE BALANCE OF MY TIME.

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  • 12:01:55 PM

    THE SPEAKER PRO TEMPORE

    ALL TIME HAS BEEN YIELDED BACK. THE QUESTION IS WILL THE HOUSE SUSPEND THE…

    ALL TIME HAS BEEN YIELDED BACK. THE QUESTION IS WILL THE HOUSE SUSPEND THE RULES AND PASS H.R. 5278. THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. IN THE OPINION OF THE CHAIR, 2/3 BEING -- MS. CHU: I OBJECT TO THE VOTE ON THE GROUNDS THAT A QUORUM IS NOT PRESENT AND MAKE A POINT OFED ORER THAT A QUORUM IS NOT PRESENT.

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  • 12:02:12 PM

    THE SPEAKER PRO TEMPORE

    PURSUANT TO CLAUSE 8 OF RULE 20 AN THE TCHARE'S PRIOR ANNOUNCEMENT,…

    PURSUANT TO CLAUSE 8 OF RULE 20 AN THE TCHARE'S PRIOR ANNOUNCEMENT, FURTHER PROCEEDINGS ON THIS MOTION WILL BE POSTPONED. FOR WHAT PURPOSE DOES THE GENTLEWOMAN FROM CALIFORNIA SEEK RECOGNITION?

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  • 12:02:31 PM

    MS. CHU

    I MOVE THAT THE HOUSE SUSPEND THE RULES AND AGREE TO THE BILL H.R. 5133.

  • 12:02:36 PM

    THE SPEAKER PRO TEMPORE

    THE CLERK WILL REPORT THE TITLE OF THE BILL.

  • 12:02:40 PM

    THE CLERK

    H.R. 45133, A BILL TO KEZZIG NATE THE FACILITY OF THE UNITED STATES POSTAL…

    H.R. 45133, A BILL TO KEZZIG NATE THE FACILITY OF THE UNITED STATES POSTAL SERVICE AT 331 FIRST STREET IN CARL STAT, NEW JERSEY, AS THE STAFF SERGEANT FRANK T. CARVILL AND LANCE CORPORAL MICHAEL A. SCHWARZ POST OFFICE BUILDING.

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  • 12:03:04 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEWOMAN FROM CALIFORNIA, MS. CHU, AND THE GENTLEMAN FROM OHIO, MR.…

    THE GENTLEWOMAN FROM CALIFORNIA, MS. CHU, AND THE GENTLEMAN FROM OHIO, MR. TURNER, WILL COACH CONTROL 20 MINUTES.

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  • 12:03:12 PM

    MS. CHU

    ALL MEMBERS HAVE FIVE LEGISLATIVE DAYS TO REVISE AND EXTEND THEIR REMARKS.

  • 12:03:18 PM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, ORDERED. THE GENTLEWOMAN FROM CALIFORNIA.

  • 12:03:22 PM

    MS. CHU

    I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

  • 12:03:25 PM

    THE CHAIR

    GELEWOMAN IS RECOGNIZE.

  • 12:03:28 PM

    MS. CHU

    RISE IN SUPPORT OF H.R. 5133. THIS MEASURE DESIGNATES THE UNITED STATES…

    RISE IN SUPPORT OF H.R. 5133. THIS MEASURE DESIGNATES THE UNITED STATES POSTAL BUILDING LOCATED AT 331 FIRST STREET AS THE STAFF SERGEANT FRANK T. CAR VILLE AND LANCE CORPORAL MICHAEL -- CARVILL AND LANCE CORPORAL MICHAEL SCHWARZ POST OFFICE BUILDING. STAFF SERGEANT FRANK T. CARVILL WAS KILLED AT AGE 51, HE WAS AMONG THE OLDEST SOLDIERS TO ADDAI IN IRAQ. HE WAS TILL -- TO DIE IN IRAQ. HE WAS KILLED WHEN HIS HUMVEE WAS AMBUSHED IN AN ATTACK TH CLAIMED THE LIVES OF FOUR OTHER GUARD MEMBERS. CARVILL ESCAPED BOTH TERRORIST ATTACKS AT THE WORLDRADE CENTER WHERE HE WORKED AS A PARALEGAL. IN 1993, HE HELPED A CO-WORKER DOWN 54 FLOORS TO SAFETY. ONEPTEMBER 11, 2001, HE LEFT THE NORTH TOWER MOMENTS BEFORE ONE OF THE HIJACKED PLANES PLOWED INTTHE BUILDING. HE WAS A VORACIOUS READER WHO LOVED POLITICS AND A TRUSTED FRIEND WHO HAD THE SAME BUDDIES FOR 30 YEARS. MARINE LANCE CORPORAL MICHAEL SCHWARZ WAS KILLED IN ACTION ON NOVEMBER 27, 2006, FROM WOUNDS SUFFERED WHILE CONDUCTING COMBAT OPERATIONS IN AL ANBAR PROVINCE IN IRAQ. THE SON AND BROTHER OF AUTO MECHANICS, SCHWARZ GRADUATED FROM BECKTON REGIONAL HIGH SCHOOL IN 2004. ALONG WITH HIS BROTHER FRANK, MICHAEL SCHWARZ SERVED IN THE LOCAL VOLUNTEER FIRE DEPARTMENT. THEIR FATHER, KENNETH, HEAD OF THE DEPARTMENT FOR YEARS, FRIENDS, AND RELATIVES REMEMBERED MICHAEL SCHWARZ AS FUN-LOVING AND OUTGOING. FRIENDS RECALLED OFFROAD OUTINGS IN HIS CUSTOMIZED JEEP. MOST OF ALL, THERE WAS HIS LOVE OF THE MILITARY AND HIS DESIRE TO ENLIST IN THE MARINES A WISH HE EXPRESSED EVEN AS A YOUNG CHILD. H.R. 5133 WAS INTRODUCED BY OUR COLLEAGUE, THE GENTLEMAN FROM NEW JERSEY, REPRESENTATIVE ROTHMANN ORANGE APRIL 22, 2010. THE MEASURE WAS REFERRED TO THE COMMITTEE ON OVERSIGHT AND GOVERNMENT REFORM WHICH ORDERED IT REPORTED FAVORABLY BY ANNAPOLIS CONSENT ON MAY 6, 201240E678 MEASURE HAS THE SUPPORT OF THE ENTIRE NEW JERSEY DELEGATION. I THANK THE GENTLEMAN FROM NEW JERSEY FOR INTRODUCING THIS MEASURE AND I ALSO WOULD LIKE TO THANK CHAIRMAN TOWN SEND AND RANKING MEMBER ISSA FOR THEIR SUPPORT OF THE BILL. MADAM SPEAKER, THE LIVES OF STAFF SERGEANT FRANK CARVILL AND MICHAEL IS WARDS STAND AS A TESTAMENT TO THE COURAGE AND DEDICATION OF ALL OUR BRAVE SERVICE MEN AND WOMEN WHO MADE THE ULTIMATE SACRIFICE IN SERVICE OF OUR NATION. LET US PAY TRIBUTE TO THEIR LIVES THROUGH PASSAGE OF LEGISLATION H.R. 5133 TO DESIGNATE THE CARLSBAD, NEW JERSEY, POSTAL FACILITY IN THEIR HONOR. I URGE MY COLLEAGUES TO SUPPORT THIS MEASURE AND RESERVE THE BALANCE OF MY TIME.

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  • 12:06:47 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM OHIO IS RECOGNIZE.

  • 12:06:51 PM

    MR. TURNER

    SUCH TIME AS I MAY CONSUME.

  • 12:06:53 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED.

  • 12:06:56 PM

    MR. TURNER

    THE --

  • 12:09:42 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES, THE GENTLEWOMAN FROM CALIFORNIA IS RESERVED.

  • 12:09:47 PM

    MS. CHU

    MINUTES TO THE AUTHOR OF THIS RESOLUTION, MR. ROTHMANN.

  • 12:09:51 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM NEW JERSEY HAS FIVE MINUTES.

  • 12:09:55 PM

    MR. ROTHMANN

    THANK THE GENTLELADY FROM CALIFORNIA FOR YOUR LEADERSHIP ON THIS MATTER…

    THANK THE GENTLELADY FROM CALIFORNIA FOR YOUR LEADERSHIP ON THIS MATTER AND FOR THE VERY KIND WORDS YOU SAID ABOUT THESE TWO HEROES. I'D LIKE TO ASSOCIATE MYSELF WITH YOUR WORDS AS WELL AS THE GENTLEMAN FROM OHIO'S WORDS, WHICH WERE EQUALLY ELOQUENT AND TRUE. THESE WERE GREAT AMERICAN HEROES WHO LOST THEIR LIVES DEFENDING OUR COUNTRY AND OUR COUNTRY'S INTERESTS IN IRAQ. I WANTED TO TAKE A FEW MOMENTS, MADAM SPEAKER, TO SHARE WITH YOU A BIT OF THE PAIN THAT THE PEOPLE OF THE AREA STILL FEEL IN THEIR HEART WHEE THEY THINK ABOUT THE LOSS OF THESE TWO CITIZENS. THIS MATTER WAS BROUGHT TO MY ATTENTION BY A FRIEND INDICATING THAT THE FAMILIES WOULD BE SYMPATHETIC AND WOULD BE HONORED IF THIS POST OFFICE WAS RENAMED IN HONOR OF FRANK T. CARVILL AND LANCE CORPORAL MICHAEL A. SCHWARZ. WHEN I CALLED THE MAYOR OF THE TOWN AND I SAID, IS THIS TRUE? I DON'T WANT TO INTRUDE ON ANYONE'S PRIVACY, AND HE ASSURED ME THAT THIS WAS IN FACT THE CASE. AS WAS SAID BEFORE, THE TOWN OF CARSTADT, NEW JERSEY IS ONLY A FEW MILES FROM WHAT WERE THE TWIN TOWERS MY DISTRICT IN NORTHEASTERN NEW JERSEY SUFFERED A NUMBER OF LOST LIVES AT -- ON THAT TERRIBLE DAY ON 9/11. AND THEN AGAIN, WE SUFFERED THE LOSS OF THESE TWO INDIVIDUALS. MEMORIAL DAY JUST PASSED AND I REMEMBER SAYING TO ALL OF OUR VETERANS AND ALL OF OUR YOUNG PEOPLE GATHERED AT THE CEREMONIES, WHY IS MEMORIAL DAY IMPORTANT? AND IN A SENSE WHY WOULD IT BE IMPORTANT TO RENAME THIS LOCAL POST OFFICE AFTER THESE TWO INDIVIDUAL ARES? IT'S NOT JUST SO THAT WE HAVE A DAILY REMINDER IN CARSTADT, NEW JERSEY, OF THE HEROISM AND SACRIFICE OF THESE TWO BRAVE INDIVIDUALS. CERTAINLY WE HOPE AND EXPECT THAT THE RENAMING OF THIS POST OFFICE WILL HAVE THAT EFFECT. BUT ALSO, MADAM SPEAKER, IT WILL BE TO REMIND EVERYONE, WHETHER THEY KNEW THESE TWO FINE HEROES, OR NOT, OF THE PRICE OF LIBERTY FOR ALL OF US HERE IN AMERICA, PAID NOT ONLY BY THESE TWO OUTSTANDING MEN, BUT BY EVERY MAN AND WOMAN WHO HAS PAID THE ULTIMATE SACRIFICE, PAID THE ULTIMATE PRICE TO DEFEND OUR COUNTRY. SO I AM INDEED HONORED AND PROUD TO HAVE THE OPPORTUNITY TO EXPRESS THE SENTIMENTS OF THE PEOPLE CARLSTADT, NEW ERSEY WHO WANT THE FAMILIES TO KNOW, WHO WANT THEIR FELLOW AMERICANS TO KNOW, AND WHO WANT THE WORLD TO KNOW HOW PROUD THEY ARE OF THESE TWO MEN AND THAT WE STILL LIVE IN A COUNTRY WITH BRAVE MEN AND WOMEN LIKE ARMY STAFF SERGEANT FRANK T. CARVILL AND MARINE LANCE CORPORAL MIKE A. SCHWARZ. PEOPLE WILLING TO DEFEND OUR NATION AND PROTECT THE GREATEST NATION ON THE FACE OF THE EARTH. I YIELD BACK.

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  • 12:13:26 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK. THE GENTLEMAN FROM OHIO IS RECOGNIZED.

  • 12:13:30 PM

    MR. TURNER

    I YIELD BACK THE BALANCE OF OUR TIME.

  • 12:13:33 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK. THE GENTLEWOMAN FROM CALIFORNIA IS RECOGNIZED.

  • 12:13:37 PM

    MS. CHU

    I AGAIN URGE MY COLLEAGUES TO JOIN ME IN SUPPORTING THIS MEASURE AND I…

    I AGAIN URGE MY COLLEAGUES TO JOIN ME IN SUPPORTING THIS MEASURE AND I YIELD BACK THE BALANCE OF OUR TIME.

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  • 12:13:43 PM

    THE SPEAKER PRO TEMPORE

    THE QUESTION IS, WILL THE HOUSE SUSPEND THE RULES AND PASS H.R. 5133?…

    THE QUESTION IS, WILL THE HOUSE SUSPEND THE RULES AND PASS H.R. 5133? THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. IN THE OPINION OF THE CHAIR, 2/3 BEING IN THE AFFIRMATIVE --

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  • 12:13:54 PM

    MS. CHU

    I OBJECT TO THE VOTE ON THE GROUNDS THAT A QUORUM IS NOT PRESENT AND MAKE…

    I OBJECT TO THE VOTE ON THE GROUNDS THAT A QUORUM IS NOT PRESENT AND MAKE A POINT OF ORDER THAT A QUORUM IS NOT PRESENT.

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  • 12:14:02 PM

    THE SPEAKER PRO TEMPORE

    PURSUANT TO CLAUSE 8 OF RULE 20 AND THE CHAIR'S PRIOR ANNOUNCEMENT,…

    PURSUANT TO CLAUSE 8 OF RULE 20 AND THE CHAIR'S PRIOR ANNOUNCEMENT, FURTHER PROCEEDINGS ON THIS MOTION WILL BE POSTPONED. FOR WHAT PURPOSE DOES THE GENTLEWOMAN FROM CALIFORNIA SEEK RECNITION?

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  • 12:14:19 PM

    MS. CHU

    I MOVE THAT THE HOUSE SUSPEND THE RULES AND AGREE TO HOUSE RESOLUTION 1121.

  • 12:14:25 PM

    THE SPEAKER PRO TEMPORE

    THE CLERK WILL REPORT THE TITLE OF THE BILL.

  • 12:14:28 PM

    THE CLERK

    WILMINGTON, OHIO, ON THE OCCASION OF THEIR BICENTENNIAL ANNIVERSARIES.

  • 12:14:40 PM

    THE SPEAKER PRO TEMPORE

    PURSUANT TO THE RULE, THE GENTLEWOMAN FROM CALIFORNIA, MS. CHU, AND THE…

    PURSUANT TO THE RULE, THE GENTLEWOMAN FROM CALIFORNIA, MS. CHU, AND THE GENTLEMAN FROM OHIO, MR. TURNER, WILL EACH CONTROL 20 MINUTES FOR DISCUSSION AND FURTHER PROCEEDINGS ON THIS RESOLUTION. THE CHAIR RECOGNIZES THE GENTLEWOMAN FROM CALIFORNIA.

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  • 12:14:57 PM

    MS. CHU

    ASK ANNAPOLIS CONSENT THAT ALL MEMBERS HAVE FIVE LEGISLATIVE DAYS IN WHICH…

    ASK ANNAPOLIS CONSENT THAT ALL MEMBERS HAVE FIVE LEGISLATIVE DAYS IN WHICH TO REVISE AND EXTEND THEIR REMARKS.

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  • 12:15:02 PM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, SO ORDERED.

  • 12:15:05 PM

    MS. CHU

    I NOW YIELD MYSELF AS MUCH TIME AS I MAY CONSUME.

  • 12:15:10 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEWOMAN FROM CALIFORNIA IS RECOGNIZED. .

  • 12:15:17 PM

    MS. CHU

    I RISE IN SUPPORT OF HOUSE RESOLUTION 1121 CONYACHT LATING WILMINGTON ON…

    I RISE IN SUPPORT OF HOUSE RESOLUTION 1121 CONYACHT LATING WILMINGTON ON THEIR BICENTENNIAL. HOUSE RESOLUTION 1121 WAS INTRODUCED BY OUR COLLEAGUE, THE GENTLEMAN FROM OHIO, REPRESENTATIVE MICHAEL TURNER, ON FEBRUARY 25, 2010. IT WAS REFERRED TO THE COMMITTEE ON OVERSIGHT AND GOVERNMENT REFORM WHICH ORDERED IT REPORTED FAVORABLY BY UNANIMOUS CONSENT ON MAY 20, 2010. THE MEASURE ENJOYS THE SUPPORT OF 50 MEMBERS OF THE HOUSE. MADAM SPEAKER, THE HISTORY OF CLINTON COUNTY PLAYS A STRONG PART IN THE HISTORY OF OUR COUNTRY. IT WAS ORIGINALLY KNOWN AS THE VIRGINIA MILITARY DISTRICT BECAUSE IT HAD BEEN SET ASIDE TO REWARD THE SOLDIERS OF THE REVOLUTIONARY WAR. THE COUNTY WAS ESTABLISHED ON FEBRUARY 19, 1810, SEVEN YEARS AFTER OHIO WAS ADMITTED INTO THE UNION AS THE 17TH STATE. IT TAKES ITS NAME, CLINTON COUNTY, FROM GEORGE CLINTON, THE FOURTH VICE PRESIDENT OF THE UNITED STATES AND ONE OF OUR FOUNDING FATHERS. BEFORE THE CIVIL WAR LATER THAT CENTURY, CLINTON COUNTY WOULD BE A STATION OF THE UNDERGROUND RAIL ROAD, PROVIDING REFUGE TO THOUSANDS OF PEOPLE SEEKING TO ESCAPE THE HORRORS OF SLAVERY. TODAY CLINTON COUNTY IS HOME TO ABOUT 43,200 RESIDENTS AND LET US ACKNOWLEDGE THEM TODAY AS WE CELEBRATE THE BICENTENNIAL OF THEIR HISTORIC HOME. IN CLOSING, I URGE MY COLLEAGUES TO SUPPORT THIS MEASURE AND I RESERVE THE BALANCE OF MY TIME.

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  • 12:16:48 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEWOMAN RESERVES THE BALANCE OF HER TIME. THE GENTLEMAN FROM OHIO…

    THE GENTLEWOMAN RESERVES THE BALANCE OF HER TIME. THE GENTLEMAN FROM OHIO IS RECOGNIZED.

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  • 12:16:52 PM

    MR. TURNER

    THE GENTLEMAN FROM OHIO.

  • 12:16:54 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM OHIO.

  • 12:16:58 PM

    MR. TURNER

    SUPPORT OF HOUSE RESOLUTION 1121 CONGRATULATING CLINTON COUNTY AND THE…

    SUPPORT OF HOUSE RESOLUTION 1121 CONGRATULATING CLINTON COUNTY AND THE COUNTY SEAT OF WILL MINGTON, OHIO, ON THE OCCASION OF THEIR BICENTENNIAL. CLINTON COUNTY HAS BEEN AN INTERESTING PART OF HISTORY. WHAT IS NOW CLINTON COUNTY WAS INITIALLY CALLED THE VIRGINIA MILITARY DISTRICT BECAUSE THE GOVERNMENT RESERVED THE LAND TO GIVE VETERANS OF THE REVOLUTIONARY WAR AS A REWARD FOR THEIR SERVICE. IT W NAMED CLINTON COUNTY IN HONOR OF GEORGE CLINTON. HE WAS ONE OF AMERICA'S FOUNDING FATHERS AND SERVED AS VICE PRESIDENT UNDER BOTH THOMAS JEFFERSON AND JAMES MADISON. CLINTON COUNTY WAS A VERY IMPORTANT PART OF THE ANTI-SLAVERY MOVEMENT BEFORE THE CIVIL WAR BECAUSE IT HAD A STATION THAT WAS PART OF THE UNDERGROUND RAILROAD HELPING THOUSANDS OF SLAVES ESCAPE. ALSO A LESS SERIOUS ASPECT OF CLINTON COUNTY'S HISTORY IS THAT IT IS THE PLACE WHERE THE FIRST BANANA SPLIT WAS CREATED AND EVERY YEAR THEY HAVE THEIR ANNUAL BANANA SPLIT FESTIVAL. I WANT TO THANK MY OHIO COLLEAGUES, ALL OF WHOM WHO ARE ORIGINAL CO-SPONSORS, AND THANK CHAIRMANOWNS AND RANKING MEMBER ISSA FOR THEIR SUPPORT IN MOVING THIS BILL THROUGH THE COMMITTEE PROCESS. I URGE ALL OF MY COLLEAGUES TO VOTE IN FAVOR OF THIS RESOLUTION AND CONGRATULATE THE MORE THAN 43,000 RESIDENTS OF CLINTON COUNTY ON THE BICENTENNIAL ANNIVERSARY OF THEIR COUNTY. I THANK YOU AND I YIELD BACK THE BALANCE OF MY TIME.

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  • 12:18:18 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE THE GENTLEWOMAN…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE THE GENTLEWOMAN FROM CALIFORNIA IS RECOGNIZED.

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  • 12:18:23 PM

    MS. CHU

    SPEAKER, I ALSO URGE MY COLLEAGUES TO JOIN ME IN SUPPORTING THIS MEASURE…

    SPEAKER, I ALSO URGE MY COLLEAGUES TO JOIN ME IN SUPPORTING THIS MEASURE AND I YIELD BACK THE BALANCE OF MY TIME.

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  • 12:18:28 PM

    THE SPEAKER PRO TEMPORE

    THE QUESTION IS, WILL THE USE SUSPEND THE RULES AND AGREE TO HOUSE…

    THE QUESTION IS, WILL THE USE SUSPEND THE RULES AND AGREE TO HOUSE RESOLUTION 1121. SO MANY AS ARE IN FAVOR SAY AYE. THOSE OPPOSED, NO. IN THE OPINION OF THE CHAIR, 2/3 OF THOSE VOTING HAVING RESPONDED IN THE AFFIRMATIVE, THE RULES ARE SUSPENDED AND THE RESOLUTION IS AGREED TO, AND WITHOUT OBJECTION THE MOTION TO RECONSIDER IS LAID UPON THE TABLE.

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  • 12:18:48 PM

    MS. CHU

    IBJECT TO THE VOTE ON THE GROUNDS THAT A QUORUM IS NOT PRESENT AND MAKE A…

    IBJECT TO THE VOTE ON THE GROUNDS THAT A QUORUM IS NOT PRESENT AND MAKE A POINT OF ORDER A QUORUM IS NOT PRESENT.

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  • 12:18:52 PM

    THE SPEAKER PRO TEMPORE

    PURSUANT TO CLAUSE 8 OF RULE 20 AND THE CHAIR'S PRIOR ANNOUNCEMENT,…

    PURSUANT TO CLAUSE 8 OF RULE 20 AND THE CHAIR'S PRIOR ANNOUNCEMENT, FURTHER PROCEEDINGS ON THE MOTION WILL BE POSTPONED.

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  • 12:19:42 PM

    THE SPEAKER PRO TEMPORE

    FOR WHAT PURPOSE DOES THE GENTLEMAN FROM PENNSYLVANIA SEEK RECOGNITION?

  • 12:19:45 PM

    >>

    THE CLERK WILL REPORT THE TITLE OF THE RESOLUTION.

  • 12:19:49 PM

    THE SPEAKER PRO TEMPORE

    THE CLERK WILL REPORT THE TITLE OF THE RESOLUTION.

  • 12:19:52 PM

    THE CLERK

    HOUSE RESOLUTION 1381. RESOLUTION RECOGNIZING THE NATIONAL MUSEUM OF…

    HOUSE RESOLUTION 1381. RESOLUTION RECOGNIZING THE NATIONAL MUSEUM OF AMERICAN JEWISH HISTORY, AN AFFILIATE OF THE SMITHSONIAN INSTITUTION, AS THE ONLY MUSEUM IN THE NATION DEDICATED TO EXCLUSIVELY TO EXPLORING AND PRESERVING THE AMERICAN JEWISH EXPERIENCE.

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  • 12:20:11 PM

    THE SPEAKER PRO TEMPORE

    PURSUANT TO THE RULE, THE GENTLEMAN FROM PENNSYLVANIA, MR. BRADY, AND THE…

    PURSUANT TO THE RULE, THE GENTLEMAN FROM PENNSYLVANIA, MR. BRADY, AND THE GENTLEMAN FROM CALIFORNIA, MR. LUNGREN, WILL EACH CONTROL 20 MINUTES. THE CHAIR RECOGNIZES THE GENTLEMAN FROM PENNSYLVANIA.

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  • 12:20:22 PM

    MR. BRADY

    MADAM SPEAKER, I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY VE FIVE…

    MADAM SPEAKER, I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY VE FIVE LEGISLATIVE DAYS TO REVISE AND EXTEND THEIR REMARKS AND INCLUDE EXTRANEOUS MATERIAL ON THE RESOLUTION NOW UNDER CONSIDERATION.

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  • 12:20:32 PM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, SO ORDERED. THE GENTLEMAN FROM CALIFORNIA -- THE…

    WITHOUT OBJECTION, SO ORDERED. THE GENTLEMAN FROM CALIFORNIA -- THE GENTLEMAN FROM PENNSYLVANIA.

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  • 12:20:37 PM

    MR. BRADY

    I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

  • 12:20:39 PM

    THE SPEAKER PRO TEMPORE

    THE CHAIR RECOGNIZES THE GENTLEMAN FROM PENNSYLVANIA.

  • 12:20:41 PM

    MR. BRADY

    MADAM SPEAKER, THIS RESOLUTION RECOGNIZES THE NATIONAL MUSEUM OF AMERICAN…

    MADAM SPEAKER, THIS RESOLUTION RECOGNIZES THE NATIONAL MUSEUM OF AMERICAN JEWISH HISTORY, AN AFFILIATE OF THE SITH SAMOANIAN INSTITUTE AS THE ONLY MUSEUM DEDICATED TO EXPLORING AND PRESERVING THE AMERICAN JEWISH EXPERIENCE. I'M FORTUNATE TO HAVE THIS OUTSTANDING INSTITUTION IN MY DISTRICT. FOUNDED IN 1976 THIS MUSEUM CURRENTLY HAS THE LARGEST COLLECTION OF JEWISH AMERICANA IN THE WORLD. EVEN SO IT IS EXPANDING TO A NEW BUILDING ON INDEPENDENT MALL IN PHILADELPHIA. CAN I NOT THINK OF A MORE APPROPRIATE PLACE FOR THIS INSTITUTION THAN THE HEART OF OUR NATION'S BIRTH. I APPLAUD THE MUSEUM FOR ITS DEDICATION TO CONNECTING THE JEWISH HER TAJE AND REMINDLING ALL AMERICANS OF THE FREEDOMS AND DIVERSITY WE ENJOY. I URGE MEMBERS TO SUPPORT THIS RESOLUTION AND I RESERVE THE BALANCE OF MY TIME.

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  • 12:21:30 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM CALIFORNIA IS COGNIZED.

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  • 12:21:35 PM

    MR. LUNGREN

    THANK YOU VERY MUCH, MADAM SPEAKER. I YIELD MYSELF SUCH TIME AS I MAY…

    THANK YOU VERY MUCH, MADAM SPEAKER. I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

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  • 12:21:41 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED.

  • 12:21:44 PM

    MR. LUNGREN

    I CONGRATULATE THE GENTLEMAN FROM PENNSYLVANIA FOR BRINGING THIS TO THE…

    I CONGRATULATE THE GENTLEMAN FROM PENNSYLVANIA FOR BRINGING THIS TO THE FLOOR. AND I RISE TODAY IN SUPPORT OF H.RES. 1381, RECOGNIZING THE NATIONAL MUSEUM OF AMERICAN JEWISH HISTORY, AFFILIATE OF THE SMITHSONIAN INSTITUTION, AS THE ONLY MUSEUM IN THE NATION DEDICATED EXCLUSIVELY TO EXPLORING AND PRESERVI THE AMERICAN JEWISH EXPERIENCE. THIS RESOLUTION SIMPLY COMMENDS AND CONGRATULATES THE NATIONAL MUSEUM OF AMERICAN JEWISH HISTORY FOR ITS OUTSTANDING WORK IN PRESENTING AND PRESERVING THE JEWISH AMERICAN EXPERIENCE AND TEACHING ALL AMERICANS ABOUT THE IMPORTANCE OF FREEDOM, RESPECT, AND DIVERSITY. OPENING ON JULY 4, 1976, THE MUSEUM HOLDS THE LARGEST COLLECTION IN THE WORLD OF JEWISH AMERICANA. AND IS CURRENTLY EXPANDING TO A BEAUTIFUL NEW FACILITY APPROPRIATELY LOCATED ON INDEPENDENCE MALL IN PHILADELPHIA NEAR INDEPENDENCE HALL. THE NATIONAL CONSTITUTION CENTER AND THE LIBERTY BELL. THERE IT WILL CONTINUE TO SHOWCASE HOW THE FREEDOM OF AMERICA FOSTERED AN ENVIRONMENT WHICH JEWISH AMERICANS MADE AND CONTINUE TO MAKE -- CONTINUE TO MAKE SIGNIFICANT CONTRIBUTIONS TO AMERICAN LIFE. THE NATIONAL MUSEUM OF AMERICAN JEWISH HISTORY SHARES ITS CURRENT SITE WITH THE JEWISH CONGREGATION ESTABLISHED IN THE 1740'S. THIS WAS ONE OF THE FIRST ORGANIZED JEWISH COMMUNICATIONS IN THE COLONIES LATER CALLED THE SYNAGOGUE OF THE AMERICAN REVOLUTION. INDEED, MADAM SPEAKER, OUR FOUNDING DOCUMENTS AND PRINCIPLES UPON WHICH OUR NATION WAS BUILT REFLECT OUR FOUNDING FATHER'S ADHERENCE TO JUDEO-CHRISTIAN VALUES AND ETHIC. FROM THE ONE MILLION JEWS IN THE UNITED STATES IN 1900 TO THE 550,000 JEWS WHO SERVED IN THE U.S. MILITARY DURING WORLD WAR II, TO THE JEWISH PEOPLE LIBERATED BY AMERICAN FORCES, TO THE APPROXIMATELY SIX MILLION JEWISH AMERICANS WITH US TODAY, JEWS, AMERICANS, AND JEWISH AMERICANS HAVE BEEN INTERTWINED IN THEIR SUPPORT FOR LIBERTY AND HAVE BEEN VITAL TO OUR SELF-GOVERNING AND CULTURALLY RICH REPUBLIC. MADAM SPEAKER, I WOULD B REMISS IF I DIDN'T SAY THAT THIS RESOLUTION COMES AT A TIME WHEN RRENT EVENTS HAVE SUBJECTED THE AMERICAN JEWISH COMMUNITY AND JEWS AROUND THE WORLD A GREATER CONCERN CONCERN THAN THEY HAVE BEEN SUBJECTED TO FOR SOME TIME. THE STATEMENTS OF MAD MEN WHO HAVE POSITIONS OF AUTHORITY IN SOME COUNTRIES SHOULD HAVE US RECALL THE MADMAN OF WORLD WAR II WHO SAID SIMILAR THINGS. THE DESCRIPTIONS UTILIZED BY THOSE WHO VENT HATRED TODAY AGAINST THOSE OF THE JEWISH FAITH AND JEWISH ETHNICITY, THOSE WORDS OF HATRED CAN DO NOTHING BUT FOSTER UNCERTAINTY, FEAR, CONFUSION, AND ULTIMATELY CAN INSIGHT -- INSIGHT TO VIOLENCE. WE SHOULD -- INCITE TO VIOLENCE. WE SHOULD RECALL A GOOD PORTION OF THE FREE WORLD STOOD SILENTLY SOME 65 OR 70 YEARAGO WHEN THOSE WORDS WERE UTTERED BY ADOLF HITLER. SOME SAYING HE'S NOTHING BUT A MADMAN. AND GERMANY IS SUCH A DISTINGUISHED, SCIENTIFICALLY ADVANCED, CULTURALLY PROGRESSIVE SOCIETY THAT CERTAINLY THESE WORDS OF A MADMAN WILL NEVER TAKE REAL FORM. AND YET WE KNOW THEY DID. TODAY, UNFORTUNATELY, WE HEAR THE WORDS OF A MADMAN IN THE COUNTRY OF IRAN. AND IN MY JUDGMENT TOO MANY PEOPLE SAY IT DOESN'T MEAN MUCH. THEY ARE JUST THE RANTINGS OF SOMEONE WITHOUT REAL POWER. AND FROM A COUNTRY THAT HAS THE TREMENDOUS HISTORY OF THE PERSIAN CULTURE, THEY CERTAINLY WOULD NOT ACT ON THOSE STATEMENTS MADE BY THAT MAN. WELL, WE OUGHT TO PAY ATTENTION TO HISTORY. I WOULD ADVISE MEMBERS OF THIS CHAMBER, PERHAPS, TO READ GEORGE GILDERS' EXCELLENT WORK THAT WAS PUBLHED A YEAR AND A HALF AGO CALLED "ISRAEL TEST." IN THERE HE TALKS ABOUT THE TREMENDOUS CONTRIBUTION OF ISRAELIS WHO HAVE COME TO THE UNITED STATES ANBECOME AMERICAN CITIZENS AND ALSO AMERICANS WHO HAVE GONE TO ISRAEL AND BECOME TREMENDOUS CITIZENS OF THAT COUNTRY. AND THE CONTINUING RELIONSHIP BETWEEN OUR TWO COUNTRIES AND OUR TWO CULTURES WHICH IS TO THE ADVANTAGE OF BOTH. AND THE FACT THAT OVER AND OVER AGAIN WE HAVE TO REMIND OURSELS THAT THOSE IN THE STATE OF ISRAEL SHARE COMMON VALUES WITH THE UNITED STATES. AND THAT THOSE COMMON VALUES SHOULD NOT BE TAKEN FOR GRANTED. WHEN THEY HAVE BEEN TAKEN FOR GRANTED, THEY HAVE EITHER BEEN LOST OR THEY HAVE BEEN DESTROYED FOR SOME PERIOD OF TIME. AND SO AS WE TODAY SALUTE THIS MUSEUM FOR ITS HISTORIC VALUE, WE SHOULD REMEMBER THAT MUSEUMS ARE IN MANY WAYS INVITATIONS TO STUDY HISTORY SO THAT WE MIGHT NOT REPEAT THE TERRIBLE MISTAKES IN HISTORY BUT RATHER BE INSPIRED BY THE TREMENDOUS ADVANCES OF HISTORY. SO I WOULD LIKE TO THANK MY GOOD FRIEND FOR OFFERING THIS RESOLUTION. I WOULD URGE ALL MY COLLEAGUES TO SUPPORT IT. AND I RESERVE THE BALANCE OF MY TIME.

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  • 12:27:55 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM PENNSYLVANIA IS RECOGNIZED.

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  • 12:28:00 PM

    MR. BRADY

    I YIELD TWO MINUTES TO THE DISTINGUISHED GENTLELADY FROM THE GREAT STATE…

    I YIELD TWO MINUTES TO THE DISTINGUISHED GENTLELADY FROM THE GREAT STATE OF PENNSYLVANIA, ALLYSON SCHWARTZ.

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  • 12:28:08 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEWOMAN PENNSYLVANIA IS RECOGNIZED FOR TWO MINUTES.

  • 12:28:10 PM

    MS. SCHWARTZ

    THANK YOU, MADAM SPEAKER. I RISE TODAY TO SPEAK IN SUPPORT OF HOUSE…

    THANK YOU, MADAM SPEAKER. I RISE TODAY TO SPEAK IN SUPPORT OF HOUSE RESOLUTION 1381 AND APPRECIATE WORKING WITH MY COLLEAGUE, CONGRESSMAN BRADY, TO BRING THIS TO THE FLOOR. THIS RESOLUTION RECOGNIZES THE NATIONAL MUSEUM OF AMERICAN JEWISH HISTORY. AN AFFILIATE OF THE SMITHSONIAN INSTITUTION, AS YOU HAVE HEARD. THE ONLY MUSEUM IN THE NATION DEDICATED EXCLUSIVELY TO EXPLORING AND PRESERVING THE AMERICAN JEWISH EXPERIENCE. AS A MUSEUM COMPLETES ITS NEW EXPANDED FACILITY ON PHILADELPHIA'S INDEPENDENCE MALL, THE MUSEUM WILL HAVE A GREATER CAPACITY TO INSPIRE PEOPLE OF ALL BACKGROUNDS WITH A DEEP APPRECIATION FOR THE DIVERSITY OF THE AMERICAN JEWISH EXPERIENCE AND MORE BROADLY THE OPPORTUNITIES TO WHICH ALL AMERICANS ASPIRE. FREEDOM, LIBERTY, AND THE OPPORTUNITY TO THRIVE IN AMERICA IS THE MUSEUM'S OVERARCHIN THEME THAT WILL BE A POWERFUL EXPERIENCE FOR PEOPLE OF ALL ETHNIC AND RACIAL BACKGROUNDS. THE NEW FACILITY WILL BE BETTER ABLE TO TELL THE AMERICAN IMMIGRANT STORY OF THE INDIVIDUALS MEETING CHALLENGES AND EMBRACING AND OFTEN FULFILLING THE AMERICAN VALUES OF SELF-DEMPLINGS, -- SELF- DETERMINATION, EQUALITY. I ENCOURAGE ALL OF MY COLLEAGUES TO VISIT THIS REMARKABLE INSTITUTION WHEN IT OPENS ITS NEW BUILDING ON NOVEMBER 14, 2010. FOR ME THE EXPERIENCE OF THE AMERICAN -- NATIONAL AMERICAN HISTORY MUSEUM IS MARKED BY A REMARKABLE YET FAMILIAR STORY OF ONE IMMIGRANT TO AMERICA. OVER 60 YEARS AGO A YOUNG WOMAN NAMED RENEE PEARL FLED AUSTRIA TO ESCAPE THE HOLOCAUST. SHE ARRIVED ALONE OWN THE SHORES OF AMERICA AS A 16 YRBLED WITHOUT FAMILY OR FRIENDS. SHE ARRIVED AFTER YEARS OF FEAR AND UNCERTAINTY DEEPLY GRATEFUL TO THE SECURITY THAT AMERICA OFFERED AND HOPEFUL ABOUT HER FUTURE. RENEE WAS MY MOTHER. SHE INSTILLED IN ME A DEEP LOVE OF THIS COUNTRY AND CAPACITY TO PROVIDE NOT ONLY A SAFE HARBOR BUT ALSO FREEDOM AND OPPORTUNITY. HER STORY, HER LIFE ARE A CONSTANT REMINDER TO ME.

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  • 12:30:21 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEWOMAN HAS ANOTHER MINUTE.

  • 12:30:24 PM

    MS. SCHWARTZ

    HER STORY AND LIFE ARE CONSTANT REMINDER TO ME OF THE IMPORTANCE OF OUR…

    HER STORY AND LIFE ARE CONSTANT REMINDER TO ME OF THE IMPORTANCE OF OUR DEMOCRACY AND OUR SHARED RESPONSIBILITY TO MEET THE GOALS ANDDEALS OF OUR NATION. THE NATIONAL JEWISH AMERICAN HISTORY MUSEUM AND ITS NEW LOCATION HONOR AND WILL ELABORATE ON THE STORIES OF JEWISH AMERICANS LIKE MY MOTHER BOTH ORDINARY AND EXTRAORDINARY WHICH MAKE UP THE FABRIC OF WHO WE ARE AS AMERICANS. I'M PROUD TO HONOR THE OCCASION OF THE OPENING OF THIS FACILITY AND LOOK FORWARD TO THE ROLE THE MUSEUM WILL PLAY IN TELLING A PART AND FOR ME A VERY PERSONAL PART OF OUR NATION'S HISTORY. .

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  • 12:31:06 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED.

  • 12:31:13 PM

    MR. LUNGREN

    YOU, MADAM SPEAKER. I YIELD MYSELF SUCH TIME AS I MAY CONSUME. I WOULD…

    YOU, MADAM SPEAKER. I YIELD MYSELF SUCH TIME AS I MAY CONSUME. I WOULD JUST SAY, I URGE MY COLLEAGUES TO SUPPORT THIS BILL, I HOPE THERE'S A UNANIMOUS VOTE FOR IT, I THANK THE GENTLEMAN FOR BRINGING IT TO THE FLOOR AND I YIELD BACK THE BALANCE OF MY TIME.

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  • 12:31:27 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK. THE GENTLEMAN FROM PENNSYLVANIA IS RECOGNIZED.

  • 12:31:33 PM

    >>

    OF THIS RESOLUTION AND I YIELD BACK THE BALANCE OF MY TIME.

  • 12:31:40 PM

    THE SPEAKER PRO TEMPORE

    THE YES IS -- THE QUESTION IS, TWHILL HOUSE SUSPEND THE RULES AND AGREE TO…

    THE YES IS -- THE QUESTION IS, TWHILL HOUSE SUSPEND THE RULES AND AGREE TO HOUSE RESOLUTION 1381. THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. IN THE OPINION OF THE CHAIR, 2/3 BEING IN THE AFFIRMATIVE, THE RULES ARE SUSPEND AND THE RESOLUTION IS AGREED TO AND WITHOUT OBJECTION THE MOTION TO RECONSIDER IS LAID ON THE TABLE. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM PENNSYLVANIA RISE?

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  • 12:32:07 PM

    MR. BRADY

    I MOVE TO SUSPEND THE RULES AND AGREE TO HOUSE RESOLUTION 1178 AS AMENDED.

  • 12:32:11 PM

    THE SPEAKER PRO TEMPORE

    THE CLERK WILL REPORT THE TITLE OF THE RESOLUTION.

  • 12:32:15 PM

    THE CLERK

    1178, RESOLUTION DIRECTING THE CLERK OF THE HOUSE OF REPRESENTATIVES TO…

    1178, RESOLUTION DIRECTING THE CLERK OF THE HOUSE OF REPRESENTATIVES TO COMPILE THE COST ESTIMATES PREPARED BY THE CONGRESSIONAL BUDGET OFFICE INCLUDED IN REPORTS FILED BY COMMITTEES OF THE HOUSE ON APPROVED LEGISLATION AND POST SUCH ESTIMATES ON THE OFFICIAL PUBLIC INTERNET SITE OF THE OFFICE OF THE CLERK.

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  • 12:32:36 PM

    THE SPEAKER PRO TEMPORE

    PURSUANT TO THE RULE, THE GENTLEMAN FROM PENNSYLVANIA, MR. BRADY, AND THE…

    PURSUANT TO THE RULE, THE GENTLEMAN FROM PENNSYLVANIA, MR. BRADY, AND THE GENTLEMAN FROM CALIFORNIA, MR. LUNGREN, EACH WILL CONTROL 20 MINUTES. THE CHAIR RECOGNIZES THE GENTLEMAN FROM PENNSYLVANIA.

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  • 12:32:47 PM

    MR. BRADY

    CON -- UNANIMOUS CONSENT THAT ALL MEMBERS HAVE FIVE LEGISLATIVE DAYS TO…

    CON -- UNANIMOUS CONSENT THAT ALL MEMBERS HAVE FIVE LEGISLATIVE DAYS TO REVISE AND EXTEND THEIR REMARKS AND INCLUDE EXTRANEOUS MATERIAL ON THE MATTER UNDER CONSIDERATION.

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  • 12:32:57 PM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, ORDER.

  • 12:33:00 PM

    MR. BRADY

    MYSELF SUCH TIME AS I MAY CONSUME.

  • 12:33:03 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED.

  • 12:33:05 PM

    MR. BRADY

    AMERICANS ARE INTERESTED IN THE CONGRESSIONAL BUDGET OFFICE, ESPECIALLY…

    AMERICANS ARE INTERESTED IN THE CONGRESSIONAL BUDGET OFFICE, ESPECIALLY INTERESTED IN THE CONGRESSIONAL BUDGET OFFICE ESTIMATES OF HOW PENDING LEGISLATION MAY INCREASE OR DECREASE THE BUDGET DEFICIT. UNDER HOUSE RULES, C.B.O. COST ESTIMATES ARE PROVIDED TO THE COMMITTEE AND INCLUDED WITH THE REPORT FILED ONLINE. BUT THEY'RE NOT EASY TO FIND ONLINE. THIS WILL MAKE IT EASIER TO FIND THE COST ESTIMATES BY LINKING THE CLERK'S SITE TO THE REPORT SITE. IT WILL MAKE THE INFORMATION MORE WIDELY AVAILABLE. I SPOKE WITH THE CLERK'S OFFICE AND HE ASSURED ME THE COST WILL BE MINIMAL.

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  • 12:33:57 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED.

  • 12:34:01 PM

    MR. LUNGREN

    MYSELF SUCH TIME AS I MAY CONSUME. I RISE IN OPPOSITION TO H.RES. 1178,…

    MYSELF SUCH TIME AS I MAY CONSUME. I RISE IN OPPOSITION TO H.RES. 1178, DIRECTING THE CLERK OF THE HOUSE OF REPRESENTATIVES TO ENSURE COST ESTIMATES PREPARED BY THE CONGRESSIONAL BUDGET OFFICE ARE AVAILABLE TO THE PEOPLE, TO THE PUBLIC. SHOULDN'T WE BE SPENDING OUR TIME, PERHAPS, HAVING THE BUDGET COMMITTEE MEET AN GIVING US A BUDGET THIS YEAR? THE DISTINGUISHED CHAIRMAN OF THE BUDGET COMMITTEE, MR. STRATH, WHOM I HOLD IN TREMENDOUS -- MR.PRATT, WHOM I HOLD IN TREMENDOUS REGARD, SAID A NUMBER OF YEARS AGO WHEN THE REPUBLICANS WERE IN CHARGE IF YOU CAN'T SET A BUDGET, YOU CAN'T GOVERN. INSTEAD OF US GIVING MEAT, WE'RE GIVING, I DON'T KNOW WHAT YOU'D CALL THIS. IT'S NOT EVEN BROTH. I APPROVE OF MEASURES THAT HELP THE AMERICAN PEOPLE KNOW WHERE THEY MONEY IS SPENT, THAT IS THE DEFINITION OF A BUDGET. A BUDGET IS BLAW PRINT. IN THED MY 197W0ERKS PASSED THE BUDGET -- IN THE MID 1970'S, WE PASSED THE BUDGET IMPOUNDMENT ACT FOR THE PURPOSE, PURPORTEDLY, OF MAKING SURE THAT CONGRESS WAS REQUIRED TO COME UP WITH A BLUEPRINT THAT WOULD GUIDE IT. NOW, IT'S SUPPOSED TO BE A CONCURRENT RESOLUTION, MEANING BOTH HOUSES PASS IT, IT DOESN'T GO TO THE PRESIDENT FOR SIGNATURE, IT'S AN INTERNAL DOCUMENT TO THIS INSTITUTION. THAT IS THE CONGRESS OF THE UNITED STATES. ITS PURPOSE IS TO SET OUT MARKERS THAT WILL ESTABLISH THE GUIDELINES FOR SPENDING FOR THE YEAR. AND THAT'S ONE OF THE REASONS WE HAVE A RULES COMMITTEE THAT WOULD BE REQUIRED TO GIVE A WAIVER ON A BUDGET IF AN APPROPRIATIONS BILL CAME HERE IN VIOLATION OF THE BUDGET. WE'RE NOT GOING TO HAVE THAT THIS YEAR. WE'RE NOT GOING TO HAVE A BUDGET. MAYBE WHAT WE'LL DO IS DEEM THINGS. REMEMBER THAT FROM THE HEALTH CARE BILL? WE'RE GOING TO DEEM IT PASSED. WHEN THE AMERICAN PEOPLE HEARD ABOUT THAT THEY SAID, YOU CAN'T DO THAT. FINALLY THE -- FINALLY THE MAJORITY FELL OFF ON THAT ONE. I SUPPOSE THAT'S WHAT WE'RE GOING TO DO WHEN WE BRING APPROPRIATIONS BILLS TO THE FLOOR, THEY'LL BE DEEMED TO MEET THE BUDGET THAT DOESN'T EXIST. SO INSTEAD OF GIVING US MEAT LIKE THAT, WE HAVE THIS BILL. WHAT DOES IT DO? IT REQUIRES THE CLERK OF THE HOUSE TO HAVE ON HER WEBSITE A LINK TO C.B.O. ANALYSIS. THAT WOULD BE IMPORTANT IF THEY WEREN'T AVAILABLE ALREADY. BUT THEY'RE AVAILABLE BOTH THROUGH THOMAS.GOV AND THE CBO -- AND THE C.B.O. WEBSITE. I THOUGHT MAYBE IT'S BECAUSE THE CLERK HAS SOME RESPONSIBILITY OVER THE CONGRESSIONAL BUDGET OFFICE BUT THAT'S NOT THE CASE. IF YOU LOOK AT THE OBLIGATIONS THE CLERK OF THE HOUSE HAS, THEY HAVE NOTHING TO DO WITH THE CONGRESSIONAL BUDGET OFFICE. SO WHAT ARE WE DOING HERE? WE'RE BRINGING A BILL TO THE FLOOR WHICH PRETENDS, IT SEEMS TO ME, PRETENDS TO DO SOMETHING ABOUT THE BUDGET SAND NOTHING MORE THAN A DISTRACTION. THE FACT OF THE MATTER IS, WE DO NOT HAVE A BUDGET THIS YEAR. WE WILL NOT HAVE A BUDGET THIS YEAR. THE MAJORITY HAS SAID THEY DON'T WANT TO BRING A BUDGET FORWARD. CERTAIN NEWS REPORTS HAVE SUGGESTED THE REASON WHY WE DON'T HAVE A INTUDGET IT WOULD BE TOO EMBARRASSING FOR US TO BRING A BUDGET TO THELOOR, PARTICULARLY BEFORE AN ELECTION. I DON'T KNOW WHETHER THAT'S TRUE OR NOT BUT IT'S BEEN CITED IN THE PUBLIC PRESS. WE'VE BEEN HEARING A LOT LATELY FROM OUR FRIENDS ON THE OTHER SIDE ABOUT THE IMPORTANCE OF DISCLOSURE. CTION 301 OF THEIR HIGHLY TOUTED DISCLOSE ACT REQUIRES REPORTING ORGANIZATIONS TO POST A LINK FROM THEIR HOME PAGE TO THE PAGE WHERE ITS FINANCIAL DISCLOSURE INFORMATION IS AVAILABLE. YET THERE'S NO RIMPLETE FOR A LINK FROM THE HOUSE'S HOME PAGE OR THE MEMBERS' HO PAGE OR FROM THE COMMITTEE'S HOME PAGE OR FOR MEMBERS WHO VOTED FOR THE SPENDING THAT WILL IMPACT THE BUDGET, BUT JUST FROM THE CLERK'S. I REALLY DON'T UNDERSTAND WHAT THIS IS REALLY GOING TO DO. IT IS TELLING, WHILE THE MAJORITY ATTEMPTS TO PASS MEASURES LIKE THIS, WE'RE ING NOTHING TO ACTUALLY TAKELESS OF THE HARD-RNED TAX DOLLARS OF THE AMERICAN PEOPLE. I WAS HOME FOR THE LAST 10 DAYS IN MY DISTRICT, OR AT LEAST PRECEDING YESTERDAY. I DIDN'T HEAR A SINGLE PERSON BEG ME TO PUT A LINK ON THE CLERK'S WEBSITE FOR THIS INFORMATION. THEY DEMANDED THAT WE DO SOMETHING ABOUT THE BUDGET. WHEN I TOLD THEM AT HOME WE'RE DOING NOTHING ABOUT THE BUDGET BECAUSE THE MAJORITY HAS DECIDED WE'RE NOT GOING TO BRING A BUDGET UP, THIS WILL BE THE FIRST TIME SINCE WE PASSED THAT LAW IN THE 1970'S THAT THE HOUSE HAS NOT PASSED BUDGET. I HEAR THEY SAY WHEN THE REPUBLICANS IN CHARGE WE DIDN'T HAVE A BUDGET. THAT'S TRUE SOMETIMES. THE SENATE AND THINK HOUSE WEREN'T ABLE TO RECONCILE IT. BUT WE ALWAYS PASSED A BUDGET DOCUMENT FROM THE HOUSE OF REPRESENTATIVES SYSTEM OF WE WILL BE MAKING HISTORY THIS YEAR. NO BUDGET FOR THE AMERICAN PEOPLE. BUT THEY CAN GET ON A LINK AND THEY CAN GO TO C.B.O. AND THEY CAN FIND OUT WHAT IT COSTS IN A PARTICULAR BILL BUT THEY CAN'T TELL WHETHER IT'S WITHIN THE BUDGET OR NOT BECAUSE WE DON'T HAVE A BUDGET. WE DON'T EVEN HAVE TO HAVE BUDGET WAIVERS FROM THE RULES COMMITTEE BECAUSE THERE'S NOTHING TO TO WAIVE. WHAT ARE THE POINTS OF ORDER AGAINST EXCESSIVE SPEND MANAGE? THAT'S WHAT THIS HOUSE IS BUILT ON. RULES THAT ARE SUPPOSED TO PROTECT THE TAXPAYER. WE NOW ARE EXEMPTING OURSELVESES FROM OUR OWN RULES. WHEN I GO HOME, PEOPLE SAY, WHY DOESN'T CONGRESS WORK UNDER THE SAME RULES THAT THE REST OF THE WORLD WORKS UNDER. I HAVE TO AGREE WITH THEM. NOW WHEN I GO BACK TO MY DISTRICT AND I TALK TO FOLK THEY TALK ABOUT THEUDGET FOR THEIR HOUSEHOLD. I MET WITH A NUMBER OF SMALL BUSINESS PEOPLE, ALL THE WAY FROM SMALL COMMUNITY IN MY DISTRICT CALLED COPPEROPOLIS, WHICH CELEBRATED ITS 150TH ANNIVERSARY TO FULL SOME, WHERE WE CELEBRATED THE 150TH RE-ENACTMENT OF THE PONY EXPRESS TO -- THEY MAY HAVE THE PONY EXPRESS THERE THEY HAVE INTEL THERE, DOWN TO CITRUS HEIGHTS IN MY DISTRICT, TALKING TO PEOPLE ALL THE TIME. THEY KEPT ASKING, WHY ARE YOU TAXING SO MUCH? WHY ARE YOU SPENDING SO MUCH? WHY ARE YOU BUSTING THE STPWHINTH WHY ARE YOU PUTTING THALL HEAVY DEBT BURDEN ON OUR KIDS? I SAID, THOSE ARE THE SAME QUESTIONS I'M ASKING, WHEN I GO BACK, I'LL ASK THEM AGAIN. SO I'M ASKING RIGHT HERE, WHY ARE WE GOING IT? INSTEAD OF GETTING SERIOUS, WE'RE GOING TO HAVE THIS. A LINK ON THE CLERK'S OFFICE SO YOU CAN FIND THE ESTIMATE THAT'S AVAILABLE TWON OTHER WEBSITES. WHAT ARE WE DOING? HAVE WE RUN OUT OF POST OFFICES TO NAME? WE HAVE D THE WORLD OF THE SCOURGE OF UNNAMED POST OFFICES IN THIS CONGRESS AND NOW MAYBE WE'RE GOING TO START GOING LINK BY LINK BY LINK BY LINK. I'VE BEEN IN THIS CONGRESS FOR A NUMBER OF YEAR, I DIDN'T REALIZE IT TOOK US TO PASS A RESOLUTION TO ALLOW THE CLERK TO DO THIS. MAYBE THAT'S SOMETHING WE HAVE TO DO FROM NOW ON. MADAM SPEAKER, INSTEAD OF WASTING TIME IN THIS HOUSE, MAYBE WE SHOULD LOW THEY ARE COST ESTIMATE PROSS DEUCED BY THE C.B.O. THAT WOULD BE A GOOD THING. THE FIRST WAY YOU DO THAT IS ADOPT A BUDGET WHERE YOU DEBATE IT AND WE COME TO THE FLOOR AND SAY, THIS IS WHAT WE CAN AFFORD, THIS IS WHAT WE CAN'T AFFORD. WE'RE NOT EVEN DOING THAT IT WOULD BE IRRESPONSIBLE FOR ANY FAMILY IN MY DISTRICT TO NOT HAVE BAUNLT. IT WOULD BE IRRESPONSIBLE FOR ANY BUSINESS IN THINK DISTRICT TO NOT HAVE A BUDGET. IT WOULD BE IRRESPONSIBLE FOR ANY LOCAL GOVERNMENT IN MY DISTRICT TO NOT HAVE A BUDGET. YET WE DON'T HAVE A BUDGET. INSTEAD OF DEALING WITH THAT, WE ARE HERE DEALING WITH THIS BILL. I DON'T QUESTIO THE GENTLEMAN'S SINCERITY IN OFFERING THIS BILL. I DON'T SUGGEST HE DOESN'T WANT MORE TRANSPARENCY BUT FRANKLY, TRANCE PARENTCY OVER A SYSTEM THAT DOESN'T -- TRANSPARENCY OVER A SYSTEM THAT DOESN'T HAVE THE ESSENTIAL FOUNDATION OF A DUDGET IS REALLY A WISP IN THE WIND. MADAM SPEAKER, I RELUCTANTLY OPPOSE THIS AND I WOULD RESERVE THE BALANCE OF MY TIME.

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  • 12:42:47 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES. THE GENTLEMAN FROM PENNSYLVANIA IS RECOGNIZED.

  • 12:42:52 PM

    MR. BRADY

    YIELD VE MINUTES TO THE DISTINGUISHED SPONSOR OF THE RESOLUTION, MR.…

    YIELD VE MINUTES TO THE DISTINGUISHED SPONSOR OF THE RESOLUTION, MR. MURPHY OF NEW YORK.

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  • 12:42:58 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR FIVE MINUTES.

  • 12:43:01 PM

    MR. MURPHY

    YOU R YIELDING AND THANK YOU FOR RECOGNIZING ME. HOUSE RESOLUTION 1178,…

    YOU R YIELDING AND THANK YOU FOR RECOGNIZING ME. HOUSE RESOLUTION 1178, REQUIRING THE CLERK OF THE HOUSE TO MAKE AVAILABLE CONESSIONAL BUDGET OFFICE COST ESTIMATES BY INCLUDING A LINK ON THE CLERK'S OFFICIAL WEBSITE. FOR EVERY BIHAT COMES TO THE HOUSE FLOOR FROM COMMITTEE THERE'S A C.B.O. COST ESTIMATE OR SCORE. THIS IS INCLUDED WITH THE CONFERENCE REPORT. WE HERE IN THE HOUSE ALL KNOW THIS AND USE THE SCORES TO MAKE INFORMED DECISIONS ABOUT OUR VOTES EVERY DAY. BUT THE C.B.O. SCORE CAN BE DIFFICULT TO FIND FOR PEOPLE IN MY DISTRICT. I'VE HAD MANY COMPLAINTS. THE CLERK'S OFFICE KEEPS THE OFFICIAL RECORD OF THE BILLS WE'RE WORKING ON AND THIS LINK WILL MAKE IT EASIER FOR PEOPLE ALL OVER THE COUNTRY TO GET THE INFORMATION THEY ARE LOOKING FOR. THIS LETS US KNOW HOW LEGISLATION WILL AFFECT OUR LONG-TERM FISCAL SOLVENCY, WHETHER IT'S AN INCREASE IN OUR DEBT AND IT'S OBVIOUSLY AS WE LIVE IN THIS TIME A VERY GREAT DEAT, SOMETHING IMPORTANT TO MY CONSTITUENTS. MAKING SURE OUR CONSTITUENTS HAVE THE LEGISLATION THEYEED TO SEE HOW LEGISLATION WILL AFFECT THEM AND THEIR FAMILIES IS NOT ONLY GOOD POLICY BUT GOOD GOVERNMENT. PROMOTING OPENNESS AND TRANSPARENCY AND EVERYTHING WE DO HERE IN CONGRESS, WE CAN BEGIN TO RESTORE THE PUBLIC'S TRUST IN THIS BODY. FOR ME, OPENNESS AND TRANSPARENCY IS SOMETHING I HAVE BEEN WORKING ON SINCE I GOT HERE A YEAR AGO. THERE ARE MANY OPPORTUNITIES FOR US TO DO THIS, FOR ME THAT INCLUDES POSTING MY SCHEDULE ONLINE SO PEOPLE CAN FIND OUT WHAT I'M DOING EVER DAY ON THEIR BEHALF. IT INCLUDES POSTING APPROPRIATIONS REQUESTS ON MY WEBSITE. THIS IS THE KIND TRANSPARENCY PEOPLE TELL ME EVERY DAY THEY WANT TO SEE THIS WILL DO THAT WITH RESPECT TO C.B.O. SCORES AND MAKING THEM AVAILABLE ABOUT THE LEGISLATION WE'RE CONSIDERING HERE THIS LEGISLATION IS ONLY ONE PIECE OF THE EQUATION IN INCREASING OPENNESS AND TRANSPARCY IN CONGRESS BUT IT'S A CRITICAL EXONE TO MAKE SURE OUR CONSTITUENTS HAVE THE INFORMATION THEY NEED TO ENSURE WE CONTINUE TO UPHOLD THE STANDARDS OF OUR OFFICE. BEYOND REFORMS LIKE THIS IT'S RAINSHOWER RESPONSIBILITY TO PROMOTE OPENNESS AND TRANSPARENCY. IT'S THE ONLY WAY WE CAN RESTORE FAITH IN THIS BROKEN SYSTEM. AGAIN I'D LIKE TO THANK CHAIRMAN BRADY AND RANKING MEMBER LUNGREN FOR THEIR SUPPORT IN BRINGING THIS RESOLUTION TO THE FLOOR AND I ELD BACK THE BALANCE OF MY TIME.

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  • 12:45:29 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK. THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZE.

  • 12:45:33 PM

    MR. LUNGREN

    I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

  • 12:45:36 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM CALIFORNIA. .

  • 12:45:43 PM

    MR. LUNGREN

    ALREADY LINKED FOR THE PUBLIC THROUGH THOMAS.GOV AS WELL AS OTHER…

    ALREADY LINKED FOR THE PUBLIC THROUGH THOMAS.GOV AS WELL AS OTHER WEBSITES. TO FIND OUT HOW MANY WE WENT AND WE DID A GOOGLE SEARCH. IT REVEALS OVER 1,180 WEBSITES WHICH LINK TO THE C.B.O. HOME PAGES. 1,0 -- 1,180 WEBSITES. ADDITIONALLY THEY ARE ALREADY PUBLICLY ON THE C.B.O. SEB WEBSITE. SO ADDING IT THERE ON THE CLERK'S PAGE DOESN'T MAKE IT ANYMORE AVAILABLE THAN IT ALREADY IS. AGAIN I WOULD SAY THIS. WHEN I WAS HOME, NOT AINGLE PERSON SAID, THE WAY TO SOLVE THE PROBLEM IS TO PUT A LINK ON THE CLERK'S WEBSITE TO THE C.B.O. ESTIMATES THAT ARE ALREADY AVAILABLE IN 1,180 WEBSITES. WHAT PEOPLE BACK HOME SAID IS, GET A GRIPON REALITY. STOP SPENDING TOO MUCH. STOP TAXING TOO MUCH. STOP PUTTING US INTO DEBTMENT AND FOR GOD SAKES CAN'T YOU AT LEAST SPEND TIME COMING UP WITH A BUDGET? HAPPY TO YIELD TO THE GENTLEMAN.

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  • 12:46:53 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS YIELDED HOW MUCH TIME?

  • 12:46:57 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR TWO MINUTES.

  • 12:47:00 PM

    MR. WALDEN

    YOU, MADAM SPEAKER. I WANT TO THANK MY COLLEAGUE FROM CALIFORNIA FOR HIS…

    YOU, MADAM SPEAKER. I WANT TO THANK MY COLLEAGUE FROM CALIFORNIA FOR HIS COMMENTS. I GUESS THE QUESTION I WOULD HAVE IS, IS THERE ANYTHING IN OUR RULES THAT WOULD PROHIBIT THE CLERK FROM JUST DOING THIS WITHOUT LEGISLATION OR RESOLUTION? HAS ANYBODY ASKED THE CLERK TO DO THIS? WOULD THE GENTLEMAN YIELD?

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  • 12:47:20 PM

    MR. LUNGREN

    IF THE GENTLEMAN WOULD YIELD. FRANKLY, I DON'T KNOW. THAT HAS NOT BEEN…

    IF THE GENTLEMAN WOULD YIELD. FRANKLY, I DON'T KNOW. THAT HAS NOT BEEN PRESENTED TO US AT ALL.

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  • 12:47:27 PM

    MR. WALDEN

    TO ME THE CLERK WORKS FOR THE HOUSE AND IF THE MAJORITY PARTY WANTED TO…

    TO ME THE CLERK WORKS FOR THE HOUSE AND IF THE MAJORITY PARTY WANTED TO ASK THE CLERK TO PUT A LINK ON THE WEBSITE. IT SHOULD BE ABLE TO BE DONE. IT SHOULDN'T BE A PROBLEM. BESIDE THAT I WANT TO GET TO THE REAL ISSUE HERE WHICH IS WHERE'S THE BUDG? TAXPAYERS, EVERY APRIL 15 THEY ARE REQUIRED BY LAW TO FILE THEIR TAXES. AND THIS CONGRESS IS SUPPOSED TO COME UP WITH A BUDGET. AND IF YOU GO BACK TO 1974 WHICH IS WHEN THE BUDGET ACT WAS PASSED, EVERY YEAR THE HOUSE HAS AT LEAST HAD A VOTE ON A BUDGET. NOT ALWAYS ON TIME, BUT AT LEAST YOU HAVE AAYS HAD A VOTE. WE DON'T EVEN HAVE A BUDGET. SO WE ARE SPENDING TIME HERE ARGUING ABOUT WHETHER THE CLERK SHOULD LINK TO THE C.B.O. SITE WHEN WE OUGHT TO HAVE A DEBATE ON THE BUDGET. WHEN I WAS HOME OVER THIS DEBATE I TALKED TO A LOT OF PEOPLE WHO ARE FEARFUL AND ANGRY ABOUT THE RUN AWAY DEFICIT SPENDING. THEY UNDERSTAND THE IMPLICATIONS ON THEIR KIDAND GRANDKIDS. THEY DON'T BELIEVE WASHINGTON IS LISTENING. AND I THINK THIS IS AN EXAMPLE OF THAT. WE ARE HAVING A DEBATE ON SOMETHING I THINK THE CLERK COULD PROBABLY DO OF HER OWN VOLITION, CERTAINLY THE SPEAKER COULD ASK HER TO, AND I DON'T THINK ANYBODY WOULD OBJECT. IT DOESN'T MAKE SENSE TO ME. SO YOU DON'T HAVE AN APPROPRIATION BILL MOVING. YOU DON'T HAVE A BUDGET COMING. WE CAN NAME POST OFFICES AND WE CAN HONOR SPORTS TEAMS, BUT WE CAN'T ADDRESS THE VERY PROBLEM THAT IS COSTING US JOBS IN AMERICA. I WAS A SMALL BUSINESS OWNER FOR NEARLY 22 YEARS. THE PRESSURE FROM THIS GOVERNMENT ON THE BACK OF SMALL BUSINESS IS KILLING JOBS AND KEEPING PEOPLE AWAY FROM CREATING JOBS. THE HIGH TAXES, THE HIGH REGULATION, THE UNCERTAINTY IN THE MARKETPLACE. IT'S COSTING THE ECONOMY AND JOBS. YIELD BACK.

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  • 12:49:13 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM PENNSYLVANIA. THE GENTLEMAN FROM CALIFORNIA.

  • 12:49:16 PM

    MR. LUNGREN

    E GENTLEMAN HAS NO MORE SPEAKERS I WOULD JUST SAY -- YIELD MYSELF THE…

    E GENTLEMAN HAS NO MORE SPEAKERS I WOULD JUST SAY -- YIELD MYSELF THE BALANCE OF MY TIME. MADAM SPEAKER, AGAIN THE POINT IS THERE ARE 1,180 WEBSITES ALREADY LINKING TO THE C.B.O. IF ANYTHING SHOWS -- WOU ADD TO THE FRUSTRATION OF THE AMERICAN PEOPLE, IT WOULD BE IN RESPONSE TO THEIR COMPLAINT THAT WE ARE SPENDING TOO MUCH, TAXES TOO MUCH, PUTTING THEM IN TOO MUCH DEBT, DON'T EVEN HAVE A BUDGET WE ARE GOING TO GIVE THEM A LINK. BUT PATRICK HENRY SAID, GIVE ME A LIPPING OR GIVE ME DEATH OR SOMETHING LIKE THAT. I DON'T KNOW. ALL I'M SAYING IS LET'S -- WE ALMOST MAKE OURSELVES SILLY HERE. I KNOW THAT'S NOT THE INTENT OF THE GENTLEMAN'S, AND I WOULDN'T SUGGEST SO, BUT BACK HOME THIS WOULD BE CONSIDERED LAUGHABL AND FOR THAT I WOULD ASK THAT A NO VOTE ON THIS RESOLUTION AND I WOULD YIELD BACK THE BALANCE OF MY TIME.

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  • 12:50:14 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM CALIFORNIA YIELDS BACK THE BALANCE OF HIS TIME OF THE…

    THE GENTLEMAN FROM CALIFORNIA YIELDS BACK THE BALANCE OF HIS TIME OF THE THE NTLEMAN FROM PENNSYLVANIA IS RECOGNIZED.

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  • 12:50:21 PM

    MR. BRADY

    THE GENTLELADY. I HEARD THAT ALL WE HAVE TO DO IS ASK THE CLERK. WHY ARE…

    THE GENTLELADY. I HEARD THAT ALL WE HAVE TO DO IS ASK THE CLERK. WHY ARE WE DOING THIS? WE MAKE LAWS. WE ARE MAKING A LAW HERE NOW COMPELLING THE CLERK. WE ARE NOT ONLY TELLING THIS CLERK BUT ANY CLERK WE WANT TO PUT A WEBSITE ON THEIR PAGE TO LET OUR CONSTITUENTS SEE. WE ARE NOT SPENDING TIME ARGUING. YOU ARE SPENDING TIME ARGUING OVER SOMETHING THAT DOESN'T PERTAIN TO THIS BILL. WE ARE NOT SPENDING TIME ARGUING. WE WOULD HAVE GOT DONE IN FIVE MINUTES. BECAUSE YOU ARE ARGUING, NOT US. WITH THAT I THANK THE GENTLEMAN FOR -- THE GENTLEMAN FROM NEW YORK FOR HIS GREAT TRANSPARENCY. TRANSPARENCY, TRANSPARENCY, TRANSPARENCY. WE ARE GOING A LITTLE STEP FURTHER BECAUSE -- I THANK THE GENTLEMAN FOR HIS SUNSHINE. MAKING PEOPLE SEE EASILY WITHOUT LOOKING THROUGH ALL THE OTHER WEBSITES. GO TO THE CLERK OF THE HOUSE WEBSITE. WE ARE GETTING THAT. I THANK THE GENTLEMAN FROM NEW YORK FOR HIS CONTRIBUTION TO TRANSPARENCY AND SUNSHINE IN GOVERNMENT AND I URGE AN AYE VOTE. MR.

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  • 12:51:21 PM

    MR. LUNGREN

    GENTLEMAN YIELD?

  • 12:51:23 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN HAS YIELDED BACK HIS TIME OF THE MEMBERS ARE REMINDED TO…

    THE GENTLEMAN HAS YIELDED BACK HIS TIME OF THE MEMBERS ARE REMINDED TO ADDRESS THEIR REMARKS IN DEBATE TO THE CHAIR AND NOT IN THE SECOND PERSON. ALL TIME HAS BEEN YIELDED BACK. THE QUESTION IS, WILL THE HOUSE SUSPEND THE RULES AND AGREE TO HOUSE RESOLUTION 1178. SO MANY AS ARE IN FAVOR SAY AYE. THOSE OPPOSED, NO. IN THE OPINION OF THE CHAIR, 2/3 OF THOSE VOTING HAVING RESPONDED IN THE AFFIRMATIVE -

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  • 12:51:49 PM

    MR. BRADY

    FOR THE YEAS AND NAYS.

  • 12:51:51 PM

    THE SPEAKER PRO TEMPORE

    THE YEAS AND NAYS ARE REQUESTED. ALL THOSE IN FAVOR OF TAKING THIS VOTE BY…

    THE YEAS AND NAYS ARE REQUESTED. ALL THOSE IN FAVOR OF TAKING THIS VOTE BY THE YEAS AND NAYS WILL RISE AND REMAIN STANDING UNTIL COUNTED. A SUFFICIENT NUMBER HAVING ARISEN, THE YEAS AND NAYS ARE ORDERED. PURSUANT TO CLAUSE 8 OF RULE 20, THE CHAIR'S PRIOR ANNOUNCEMENT, FURTHER PROCEEDINGS ON THIS MOTION WILL BE POSTPONED. FOR WHAT PURPOSE DOES THE GENTLEWOMAN FROM NEW HAMPSHIRE SEEK RECOGNITION?

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  • 12:52:59 PM

    >>

    THE HOUSE SUSPEND THE RULES AND AGREE TO HOUSE RESOLUTION 1427.

  • 12:53:04 PM

    THE SPEAKER PRO TEMPORE

    THE CLERK WILL REPORT THE TITLE OF THE RESOLUTION.

  • 12:53:08 PM

    THE CLERK

    RESOLUTION 1427, HOUSE RESOLUTION HONORING THE LIFE OF JOHN ROBERT WOODEN.

  • 12:53:14 PM

    THE SPEAKER PRO TEMPORE

    PURSUANT TO THE RULE, THE THE GENTLEWOMAN FROM NEW HAMPSHIRE, MISS…

    PURSUANT TO THE RULE, THE THE GENTLEWOMAN FROM NEW HAMPSHIRE, MISS SHORPTE, AND THE GENTLEMAN FROM -- MISS SHORPE, AND THE GENTLEMAN FROM TENNESSEE, MR. ROE, WILL EACH CONTROL 20 MINUTES. THE CHAIR RECOGNIZES THE GENTLEWOMAN FROM NEW HAMPSHIRE.

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  • 12:53:29 PM

    >>

    SHEA-PORTE MADAM SPEAKER, I ASK FIVE LEGISLATIVE DAYS DURING WHICH MEMBERS…

    SHEA-PORTE MADAM SPEAKER, I ASK FIVE LEGISLATIVE DAYS DURING WHICH MEMBERS MAY REVISE AND EXTEND AND INSERT EXTRANEOUS MATERIAL ON HORSE 1427 THE RECORD.

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  • 12:53:37 PM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, SO ORDERED.

  • 12:53:44 PM

    MS. SHEA-PORTER

    I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

  • 12:53:46 PM

    THE SPEAKER PRO TEMPORE

    WILL THE GENTLEWOMAN SUSPEND FOR A MINUTE. THE THE GENTLEWOMAN FROM NEW…

    WILL THE GENTLEWOMAN SUSPEND FOR A MINUTE. THE THE GENTLEWOMAN FROM NEW HAMPSHIRE IS RECOGNIZED.

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  • 12:53:53 PM

    MS. SHEA-PORTER

    MADAM SPEAKER, I RISE TODAY IN SUPPORT OF HOUSE RESOLUTION 1427, HONORING…

    MADAM SPEAKER, I RISE TODAY IN SUPPORT OF HOUSE RESOLUTION 1427, HONORING THE LIFE OF JOHN ROBERT WOODEN. JOHN WOODEN LOVED BASKETBALL. AS A YOUNG MAN IN MARTINSVILLE, INDIANA, STARTING ON HIS HIGH SCHOOL BASKETBALL TEAM IN 1927, WOODEN LED HIS TEAM TO AN INDIANA STATE HIGH SCHOOL BASKETBALL TITLE, MARKING THE BEGINNING OF A BASKETBALL CAREER BRIMMING WITH GREAT APPEARANCES. AND GREAT SUCCESS. IN COLLEGE HIS ATHLETIC MASTERY CONTINUED WINNING ALL AMERICAN HONORS THREE YEARSN A ROW AS WELL AS A SPOT IN THE BASKETBALL HALL OF FAME. THE GREAT SUCCESS ON THE BASKETBALL COURT ACHIEVED WHILE IN SCHOOL SET THE FOUNDATION FOR E GREAT ATHLETIC ACCOMPLISHMENT HE WOULD LATE GO ON TO ACHIEVE. AFTER BEING OFFERED A SPOT IN THE NBA, WOODEN TURNED IT DOWN, DECIDING RATHER TO TEACH HIGH SCHOOL ENGLISH AND COACH HIGH SCHOOL BASKETBALL. HIS ONLY BREAK FROM THE SCHOOL SETTING WAS DURING WORLD WAR II WHEN HE SERVED HONORABLY AS A LIEUTENANT IN THE UNITED STES NAVY. IN 1948, WOODEN ACCEPTED AN OFFER TO TEACH AT THE UNIVERSITY OF CALIFORNIA LOS ANGELES, UCLA BRUIN'S BASKETBALL TEAM. IN HIS FIRST YEAR WITH THE TEAM HE LED THE BRUINS TO A NEAR PERFECT SEASON, WINNING 22 OUT OF 29 GAMES. WOODEN GUIDED THE TEAM TO 10 NATIONAL COLLEGIATE ATHLETIC ASSOCIATION CHAMPIONSHIPS, SEVEN OF WHICH WERE IN A ROW. IN ADDITION HE LED THE BRUINS TO 19 CONFERENCE CHAMPIONSHIPS, 12 FINAL FOUR APPEARANCES, FOUR PERFECT SEASONS, AND A RECORD 88-GAME WINNING STREAK FROM 1971 TO 1974. OFF THE COURT JOHN WOODEN WAS ADMIRED AND RESPECTED AS MUCH AS HE WAS ON THE COURT. FOREMOST AN EDUCATOR, HE STRESSED THE IMPORTANCE OF TEAM PLAY WHILE INSPIRING THE DEVELOPMENT OF INDIVIDUAL TALENT AND ACADEMIC EXCELLENCE. THE DISTINGUISHED WOODEN PYRAMID OF SUCCESS HAS BEEN WIDELY RECOGNIZED AS AN EXAMPLE FOR THE BUILDING BLOCKS OF COMPETITIVENESS AND EXCELLENCE IN ANY QUEST, NOT JUST SPORTS. IT EMPHASIZES THE SKILLS THAT LEADS TO FRIENDSHIP, LOYALTY, COOPERATION, ENTHUSIASM, SELF-CONTROL, TEAM SPIRIT, POISE, AND SELF-CONFIDENCE. IN 2003, HE WAS PRESENTED THE PRESIDENTIAL MEDAL OF FREEDOM, THE HIGHEST HONOR GIVEN TO A CIVILIAN. JOHN WOODEN LOST OF LOVE OF HIS WIFE BUT HE IS SUREVIFED BY HIS TWO CHILDREN, SEVEN GRANDCHILDREN, AND 13 GRANDCHILDREN, AS WELL AS THE MILLIONS OF BASKETBALL FANS WHO BELIEVE THERE WILL NEVER BE ANOTHER COACH IN ANY SPORT LIKE JOHN WOODEN AND THEY MOURN HIS PASSING. MADAM SPEAKER, I'D LIKE TO THANK REPRESENTATIVE WAXMAN FOR BRINGING THIS BILL FORWARD AND I WISH TO HONOR HIM FOR HIS IMMENSE CONTRIBUTIONS TO NOT ONLY THE GAME OF BASKETBALL BUT ALSO FOR HIS EXCEPTIONAL CAREER AS AN EDUCATOR AND MENTOR AND FOR HIS DEDICATION TO THE BETTERMENT OF OTHERS. JOHN WOOTEN'S LASTING EGG LEGACY IS CRIED ON TODAY -- LASTING LEGACY IS CARRIED ON TODAY ON ALL THE BASKETBALL COURTS AROUND THE COUNTRY. I WISH TO EXPRESS MY DEP CONDOLENCES TO HIS FAMILY, HIS FRIENDS, HIS FORMER PLAYERS, AND COUNTLESS FANS AND ADMIRERS. I URGE MY COLLEAGUES TO SUPPORT HOUSE RESOLUTION 1427 AND I RESERVE THE BALANCE OF MY TIME.

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  • 12:57:19 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEWOMAN RESERVES THE BALANCE OF HER TIME OF THE THE GENTLEMAN FROM…

    THE GENTLEWOMAN RESERVES THE BALANCE OF HER TIME OF THE THE GENTLEMAN FROM TENNESSEE IS RECOGNIZED.

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  • 12:57:23 PM

    MR. ROE

    YOU, MADAM SPEAKER. I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

  • 12:57:27 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM TENNESSEE.

  • 12:57:29 PM

    MR. ROE

    THANK YOU, MADAM SPEAKER. IT'S A GREAT HONOR TO BE HERE TODAY AS A HUGE…

    THANK YOU, MADAM SPEAKER. IT'S A GREAT HONOR TO BE HERE TODAY AS A HUGE COLLEGE BASKETBALL FAN TO RISE IN SUPPORT OF HOUSE RESOLUTION 1427 , HONORING COACH JOHN ROBERT WOODEN. TODAY WE HONOR COACH WOODEN'S ACCOMPLISHMENTS IN LEADERSHIP. COACH WOODEN WAS BORN IN INDIANA AND ATTENDED PURDUE UNIVERSITY WHERE HE PLAYED ON THE UNIVERSITY'S BASKETBALL TEAM AND WAS THE FIRST PLAYER TO BE NAMED A THREE TIME ALL AMERICAN. COACH WOODEN ALSO PLAYED PROFESSIONALLY FOR THE TEAM THAT LATER BECAME THE INDIANAPOLIS JETS. IN 1961 HE WAS ENSHRINED IN THE BASKETBALL HALL OF FAME FOR HIS ACCOMPLISHMENTS AS A PLAYER. COAC WOODEN BEGAN HIS TEACHING CAREER AT DAYTON HIGH SCHOOL IN KENTUCKY AND AFTER HIS SERVICE IN WORLD WAR II, COACH WOODEN BEGAN COACHING AT INDIANA TEACHERS COLLEGE, NOW INDIANA STATE UNIVERSITY. IN 198 4-WOODEN WAS INDUCTED INTO THE INDIANA STATE UNIVERSITY ATHLETIC HALL OF FAME. 1948 COACH WOODEN BEGAN HIS COACHING CAREER AT UCLAN ONE YEAR COACH WOODEN TURNED A 12-13 LOSING TEAM TO A 22-7 WINNING TEAM. JOHN WOODEN RETIRED FROM UCLA AND FROM COACHING IN 1975. BUT HE LEFT A LEGACY IN HIS WAKE. COACH WOODEN'S LIST OF ACCOMPLISHMENTS TOO LONG AND IMPRESSIVE AND HE LED THE UCLA MEN'S BASKETBALL TEAM TO 10 NCAA MEN'S BASKETBALL CHAMPIONSHIPS, SEVEN IN CONSECUTIVE YEARS. HE MADE THE MOST APPEARANCES IN THE FINAL FOUR, THE MOST CONSECUTIVE APPEARANCES AND THE MOST VICTORIES IN THE FINAL FOUR. HE SET THE RECORD FOR THE MOST CONSECUTIVE WINS AT 88 GAMES. AMAZING. AND WON 38 STRAIGHT VICTORIES IN THE NCAA TOURNAMENT PLAY. HE ALSO LED UCLA TO EIGHT PERFECT PACK 8 NOW THE PAC-10 CONFERENCE SEASONS. COACH JOHN WOODEN'S ACCOMPLISHMENTS ON THE COURT ARE NUMERABLE. TODAY WE HONOR HIM FOR THE ACCOMPLISHMENT AND IT'S A GREAT PRIVILEGE TO BE HERE TODAY TO HONOR THIS GREAT MAN. COACH WOODEN WAS MUCH MORE THAN A COACH FOR HIS ACCOMPLISHMENTS MUCH GREATER AS A PERSON. COACH WOODEN WILL BE MUCH MISSED BY HIS FRIENDS, HIS FAMILY, UNIVERSITIES WHERE HE SERVED, ALSO BY THE NUMEROUS PLAYERS, ASSISTANT COACHES, BALL BOYS, TRAINERS, AND OTHERS. COACH WOODEN'S LIFE WAS ABOUT OTHERS AND NOT HIMSELF. AND I THINK WHEN THE GOOD LORD SEES COACH WOODEN HE'S GOING TO ASK HIM HOW IN THE WORLD HE PULLED OFF THOSE 88 STRAIGHT WINS. AND I KNOW ONE OF THE THINGS I'D LIKE TO DO WITH MY LIFE IS LEAVE IT A LITTLE BIT BETTER THAN I FOUND IT. I CERTAINLY KNOW JOHN WOODEN LEFT IT MUCH BETTER THAN HE FOUND IT. I TOO SAY JOB WELL-DONE. I RESERVE THE BALANCE OF MY TIME.

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  • 01:00:12 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEN RESERVES THE BALANCE OF HIS TIME. THE GENTLEWOMAN FROM NEW…

    THE GENTLEN RESERVES THE BALANCE OF HIS TIME. THE GENTLEWOMAN FROM NEW HAMPSHIRE IS RECOGNIZED. .

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  • 01:00:26 PM

    >>

    RECOGNIZE THE GENTLEMAN FROM CALIFORNIA, MR. WAXMAN, FOR FIVE MINUTES.

  • 01:00:31 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR FIVE MINUTES.

  • 01:00:35 PM

    MR. WAXMAN

    PLEASED TO RECOGNIZE THE LIFE OF JON WOODEN WHO PASSED AWAY IN LOS ANGELES…

    PLEASED TO RECOGNIZE THE LIFE OF JON WOODEN WHO PASSED AWAY IN LOS ANGELES LAST FRIDAY. I WANT TO BEGIN BY EXPRESSING MY CONDOLENCES ON HIS PASSING TO HIS FAMILY AND THE COUNTLESS PEOPLE WHOSE LIVES HE TOUCHED. JON WOODEN COACHED AT UCLA WHEN I WAS THERE EARNING MY UNDERGRADUATE AND LAW SCHOOL DEGREES. I WAS IN MY LAST YEAR OF LAW SCHOOL WHEN THE BRUINS HAD THEIR FIRST PERFECT SEASON UNDER COACH WOODEN, A SEASON THAT CULLMY NATE IN A CHAMPIONSHIP WIN OVER DUKE. EVERYBODY ON CAMPUS WAS THRILLED. NO ONE COULD HAVE POSSIBLY IMAGINED THAT THIS WAS ONLY THE BEGINNING OF A HISTORIC RUN THAT WILL PROBABLY NEVER BE MATCHED. JON WOODEN WOULD GO ON TO COACH THE BRUINS TO AN UNPRECEDENTED 10 NCAA CHAMPIONSHIPS, INCLUDING AN INCREDIBLE SEVEN IN A ROW AND A RECORD FOUR PERFECT SEASONS, WHICH INCLUDES AN 88-GAME WIN STREAK FROM 1971 TO 1974. THE FULL LIST OF RECORDS BROKEN AND ACCOLADES EARNED IS FAR TOO LONG TO COVER HERE. HIS ACCOMPLISHMENTS MADE HIS NAME SYNONYMOUS WITH SUCCESS AND IT IS UNLIKELY THAT ANYONE WILL EVER BE TABLE MATCH THE ACCOMPLISHMENTS THAT HE HAS ACHIEVED. INCREDIBLY, HIS COACHING SUCCESS WAS NEVER THE MOST REMARKABLE THING ABOUT IT. WHAT WAS MOST REMARKABLE WAS HOW HE INSPIRED PEOPLE AND MOTIVATED THEM TO EXCEL ON THE COURT AND OFF. AS SOON AS THE GAME STARTED, IT WAS CLEAR THAT HE WASN'T YOUR TYPICAL COACH. ABSENT WERE THE OUTBURSTS AND CURSING SO TYPICAL FROM OTHER COACHES. INSTEAD, COACH WOODEN LED WITH THE CALMNESS AND POISE OF SOONE WHO KNEW HE HAD PREPARED HIS PLAYERS FOR ANYTHING THEY COULD FACE. BASKETBALL WAS JUST A MEANS FOR COACH WOODEN TO INFLUENCE HIS PLAYERS BY INSTILLING LIFE LESSONS AND THE VALUE OF CHACTER. HE RELISHED THE PRACTICE AND THE PREPARATION FAR MORE THAN THE GAMES THAT BROUGHT HIM GLORY BECAUSE THEY PROVIDED HIM THE OPPORTUNITY TO TEACH HUNDREDS OF UCLA PLAYERS ATTRIBUTE SO MUCH OF THE SUCCESS IN THEIR LIVES TO THE YEARS THEY SPENT WITH JON WOODEN AND HE WAS MOST PROUD ABOUT THAT. WHILE COACH WOODEN COULD NEVER BE REPLACED, HE WILL BE REMEMBERED AND CELEBRATED FOR ALL TIME BECAUSE OF HIS LOVE OF THE GAME, HIS LOVE FOR HIS PLAYERS, AND HIS LOVE FOR HIS FAMILY. JON WOODEN OFTEN SAID, YOU CAN'T LIVE A PERFECT DAY UNTIL YOU DO SOMETHING FOR SOMEONE WHO WILL NEVER BE ABLE TO REPAY YOU. MADAM SPEAKER, COACH WOODEN LIVED A LOT OF PERFECT DAYS. I YIELD BACK THE BALANCE OF MY TIME. THE SPEER PRO TEMPORE: THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM TENNESSEE IS RECOGNIZED.

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  • 01:03:41 PM

    MR. ROE

    I YIELD THREE MINUTES TO THE GENTLEMAN FROM INDIANA, MR. BUIER.

  • 01:03:46 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS -- MR. BUYER.

  • 01:03:49 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR FIVE MINUTES. MR.

  • 01:03:53 PM

    MR. BUYER

    TO RISE TO PAY TRIBUTE TO A FELLOW HOOZER. HE WAS RAISED ON A FAMILY FARM…

    TO RISE TO PAY TRIBUTE TO A FELLOW HOOZER. HE WAS RAISED ON A FAMILY FARM THAT HAD NEITHER RUNNING WATER OR ELECTRICITY. MONEY WAS IN SHORT SUPPLY. HE PLAYED BASKETBALL WITH HIS BROTHERS IN A BARN USING A TOMATO BASKET AND A MAKESHIFT BALL MADE WITH OLD RAGS HE WOULD CREDIT HIS SUCCESS TO THE HARD WORK AND DISCIPLINE HE LEARNED GROWING UP ON THE FAMILY FARM. HIS FAMILY MOVED TO MARTINSVILLE, INDIANA, WHERE HE LED THE LOCAL BASKETBALL TEAM TA CHAMPIONSHIP FOR THREE CONSECUTIVE YEARS, WINNING THE -- HE LED THEM FOR THREE YEARS THEN ACTUALLY WON THE CHAMPIONSHIP IN 1927. FOR HIS EFFORTS, HE WAS SELECTED THREE-TIME ALLSTATE. AFTER GRADUATING HIGH SCHOOL IN 1928, JON WOODEN ATTENDED PURDUE UNIVERSITY WHERE HE HELPED THE BOILERMAKERS AS TEAM CAPTAIN INHE 1932 NATIONAL CHAMPIONSHIP. HE WAS NAMED ALL BIG TEN, ALL MID WESTERN CONFERENCE. WHILE AT PURDUE, HE ALSO WAS THE FIRST PLAYER EVER TO BE NAMED THREE-TIME CONSENSUS ALL AMERICAN GUARD. HIS NICKNAME WAS THE INDIANA RUBBER MAN, FOR HIS HARD PLAY ON THEASKETBALL COURT. WHEN JON WOODEN GRADUATED FROM PURDUE IN 1932, HE BEGAN NOT ONLY THEN AS A PROFESSIONAL BASKETBALL PLAYER BUT HE STARTED TEACHING AND COACH BIG ACCEPTING A JOB AS ATHLETIC DIRECTOR AND ENGLISH TEACHER AT DAYTON HIGH SCHOOL IN DAYTON, KENTUCKY. THE FIRST YEAR AT DAYTON WAS HIS ONLY LOSING SEASON AS A HIGH SCHOOL COACH. IN 1934, WOODEN AND HIS WIFE NELLIE MOVED TO SOUTH BEND, INDIANA WHERE HE ACCEPTED ANOTHER COACHING AND TEACHING POSITION AS SOUTH BEND HIGH SCHOOL. OVERALL IN 11 YEARS OF COACHING HIGH SCHOOL, HIS RECORD WAS AN INCREDIBLE 218 WINS AND 42 LOSSES. IN 1942 THE UNITED STATES ENTERED WORLD WAR II AND LIKE MANY OTHER -- OTHERS OF HIS GERAL RAILINGS, COACH WOODEN ANSWERED THE CALL TO SERVE THE COUNTRY, SERVING AS A LIEUTENANT IN THE NAVY AS A PHYSICAL EDUCATION INSTRUCTOR. AFTER COMPLETING MILITARY SERVICE, HE FOUND WORK AT WHAT IS NOW KNOWN AS INDIANA STATE UNIVERSITY HE COACHED BASKETBALL AT THE SCHOOL AND RESUMED HIS STRING OF WINNING SEASONS. IN 1948, COACH WOODEN THEN MOVED TO UCLA, WHICH OFFERED HIM THE HEAD COACHING POSITION AND THE REST IS HISTORY ARKS DESGRIBED MR. WAXMAN. COACH WOODEN WILL BE REMEMBERED AS AN EXCEPTIONAL BASKETBALL PLAYER, AN INSPIRING COACH AND MENTOR TO MANY, MANY PEOPLE. ACCORDING TO BILL WALTON, UCLA'S THREE-TIME ALL AMERICAN CENTER, QUOTE, HE TAUGHT US HOW TO FOCUS ON ONE PRIMARY OBJECTIVE, BE THE BEST IN WHATEVER ENDEAVOR YOU UNDERTAKE, DON'T WORRY ABOUT THE SCORE, DON'T WORRY ABOUT THE IMAGE, DON'T WORRY ABOUT THE OPPONENT. IT SOUNDS EASY BUT IT'S ACTUALLY VERY DIFFICULT. WILL THE GENTLEMAN YIELD ME AN ADDITIONAL MINUTE?

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  • 01:06:58 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM INDIANA HAS AN ADECISIONAL MINUTE.

  • 01:07:02 PM

    MR. BUYER

    IT SOUNDS EASY BUT IT'S VERY DIFFICULT. COACH WOODEN SHOWED US HOW TO…

    IT SOUNDS EASY BUT IT'S VERY DIFFICULT. COACH WOODEN SHOWED US HOW TO ACCOMPLISH THAT,ND QUOTE. TODAY THE HIGHEST AWARD IN BASKETBALL IS THE WOODEN AWARD, WHICH HONORS THE BEST PLAYER IN MEN AND WOMEN'S BASKETBALL. COACH WOODEN COACHED, TAUGHT, AND LIVED WITH HONOR. HE WAS A SPECIAL HUMAN BEING AND THIS IS A HOODSER MANY OF US ARE PROUD OF. I KNOW CALIFORNIA ALSO LOVES TO CLAIM HIM. I THINK ALL OF AMERICA CAN CLAIM HIM. HE'S A DISTINGUISHED GENTLEMAN. WITH THAT, I YIELD BACK MY TIME.

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  • 01:07:36 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK HIS TIME. THE GENTLEWOMAN FROM NEW HAMPSHIRE IS…

    THE GENTLEMAN YIELDS BACK HIS TIME. THE GENTLEWOMAN FROM NEW HAMPSHIRE IS RECOGNIZED.

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  • 01:07:44 PM

    MS. SHEA-PORTER

    I RESERVE THE BALANCE OF MY TIME.

  • 01:07:46 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM TENNESSEE IS RECOGNIZED.

  • 01:07:49 PM

    MR. ROE

    I WOULD LIKE TO YIELD THREE MINUTES TO MR. DREIER OF CALIFORNIA.

  • 01:07:53 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR THREE MINUTES.

  • 01:07:56 PM

    MR. DREIER

    I THANK MY FRIEND FOR YIELDING. I HAVE TO SAY WITH THE EXCEPTION OF THE…

    I THANK MY FRIEND FOR YIELDING. I HAVE TO SAY WITH THE EXCEPTION OF THE TWO FLOOR MANAGERS HERE, WE HAVE A HOOSIER, MR. BUYER, AND OF COURSE TWO UCLA GRADUATE, MR. WAXMAN WHO HAS ALREADY SPOKEN, AND MR. LEWIS WHO IS GOING TO FOLLOW, AS WE TAKE THIS TIME TO VERY APPROPRIATELY REMEMBER AN AMAZING LIFE, SOMEONE WHO, AS WAS POINTED OUT WHEN MR. BUYER MENTIONED HIS BIRTH DATE, OCTOBER WOULD HAVE MARKED HIS 100TH BIRTHDAY. COACH WOODEN LIVED VIRTUALLY AN ENTIRE CENTURY AND I WAS STRUCK WITH THE QUOTE THAT MR. WAXMAN REMINDED US OF THAT YOU'VE NEVER LIVED A PERFECT DAY UNTIL YOU'VE DONE SOMETHING FOR SOMEONE THAT CANNOT -- WHO CANNOT REPAY YOU. COACH WOOD SEASON AN INDIVIDUAL WHO HAD A HUMILITY, BUT A GREAT INNER STRENGTH. ONE OF THE THINGS THAT WAS VERY APPARENT AS YOU WATCHED HIM COACH AND AS YOU SAW HIM INVOLVE HIMSELF WITH STUDENTS AND WITH SO MANY OTHERS IN THE COMMUNITY, THERE WAS THAT GENTLEMANNESS AND STRENGTH OF CHARACTER THAT DID BELIE THAT RESOLVE THAT HE HAD, BUT AT THE SAME TIME HE IS SOMEONE WHO WAS ABLE TO BE A REAL WINNER AND I THINK IT WAS POINTED OUT VERY APPROPRIATELY RIGHT AFTER HIS PASSING WHEN BILL WALTON AND KAREEM ABDUL-JABBAR STOOD ON THE FLOOR OF THE COURT FOR THE TEAM THAT IN THE NOT TOO DISTANT FUTURE IS GOING TO BECOME THE NBA CHAMPION, LOS ANGELES LAKERS, AND REMEMBER ARED THE LIFE OF COACH WOODEN. SO I WANT TO JOIN WITH MY COLLEAGUES IN EXTENDING OUR THOUGHTS AND PRAYERS TO THE FAMILY MEMBERS, AND TO ALL THE STUDENTS WHO WERE ABLE TO BENEFIT FROM THE AMAZING LIFE OF COACH JON WOODEN. WITH THAT, I YIELD BACK THE BALANCE OF MY TIME.

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  • 01:10:10 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK. THE GENTLEWOMAN FROM NEW HAMPSHIRE.

  • 01:10:16 PM

    MS. SHEA-PORTER

    I RESERVE THE BALANCE OF MY TIME.

  • 01:10:18 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM TENNESSEE.

  • 01:10:21 PM

    MR. ROE

    THE HONORABLIERRY LEWIS OF CALIFORNIA.

  • 01:10:25 PM

    THE SPEAKER PRO TEMPORE

    IF THE GENTLEMAN WILL SUSPEND FOR A SECOND.

  • 01:10:33 PM

    THE SPEAKER PRO TEMPORE

    THE CHAMBER HAS GOTTEN A LITTLE NOISY, I CAN HEAR INDIVIDUAL WORDS UP…

    THE CHAMBER HAS GOTTEN A LITTLE NOISY, I CAN HEAR INDIVIDUAL WORDS UP HERE, SIR.

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  • 01:10:43 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED.

  • 01:10:46 PM

    MR. LEWIS

    THANK YOU, MADAM SPEAKER. I, T, RISE TODAY TO EXPRESS MY DEEP APPRECIATION…

    THANK YOU, MADAM SPEAKER. I, T, RISE TODAY TO EXPRESS MY DEEP APPRECIATION FOR THE LIFE AND WORK OF JON WOODEN, THE GREAT COACH FROM UCLA. THE RESOLUTION, BY THE WAY, WE ARE DISCUSSING TODAY, WAS INTRODUCED BY MY COLLEAGUE HENRY WAXMAN WHO SPOKE A WHILE AGO. HENRY'S DISTRICT INCLUDES UCLA WITHIN ITS TERRITORY AND HENRY AND I HAVE WORKED TOGETHER FOR MANY, MANY YEARS AND HAVE HAD IN COMMON THE FACT THAT WE ARE BOTH SIND OF RED-HOT GRADUATES OF UCLA. WE DON'T AGREE UPON EVERYTHING, IN FA, SOME WOULD SUGGEST WE ALMOST NEVER AGREE. THE REALITY IS THAT HENRY AND I WORKED TOGETHER FOR MANY, MANY YEARS AND I'M PROUD OF THE FACT THAT HE'S A CLOSE FRIEND BEYOND THAT, AS ASKED -- AS I ASK ANNAPOLIS CONSENT TO REVISE AND EXTEND MY REMARKS, LET ME SAY THAT THE MOUSE MIGHT BE INTERESTED TO KNOW HENRY AND I ARE SUCH FANS OF UCLA THAT HE ACTUALLY ALLOWED ME TO NAME MYING DOG BRUIN. BRUIN WALKS TO WORK WITH ME EVERY DAY. HE'S OVER WATCHING THIS ON THE FLOOR AND WILL BE PLEASED TO KNOW PEOPLE ARE RECOGNIZING JOHN AND NELL WOODEN FOR THE CONTRIBUTION THEY MADE TO OUR COUNTRY. THANK YOU.

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  • 01:12:04 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEWOMAN FROM NEW HAMPSHIRE IS RECOGNIZED.

  • 01:12:08 PM

    MS. SHEA-PORTER

    TO RESERVE THE BALANCE OF MY TIME.

  • 01:12:10 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM TENNESSEE IS RECOGNIZED.

  • 01:12:14 PM

    MR. ROE

    BY SAYING THAT THIS COUNTRY HAS BEEN MUCH BETTER FOR THE PRESENCE OF JON…

    BY SAYING THAT THIS COUNTRY HAS BEEN MUCH BETTER FOR THE PRESENCE OF JON WOODEN HERE AND THE ROLE MODEL HE HAS APPLY -- SUPPLIED FOR SO MANY YOUNG PEOPLE. I WOULD SUGGEST YOU GO OUT AND READ HIS BOOK, OR BOOKS, AND ONE OF THE QUOTES, AND I'M PARAPHRASING THIS, THAT STRUCK ME IS THAT HE HAS SAID, I THINK HIS PLAYERS WOULD SAY WOODENISMS, BUT IT IS, IT IS MUCH MORE IMPOANT WHAT KIND OF INDIVIDUAL YOU ARE THAN WHAT KIND OF ATHLETE YOU WERE. WE ALL NEED TO KEEP THAT IN MIND AS WE GO FORWARD IN OUR DAY. I APPRECIATE THE OPPORTUNITY TO BE ABLE TO HONOR COACH WOODEN, ONE OF MY HEROES. I YIELD BACK THE BALANCE OF MYISM -- THE BALANCE OF MY TIME.

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  • 01:13:00 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK. THE GENTLEWOMAN FROM NEW HAMPSHIRE.

  • 01:13:04 PM

    MS. SHEA-PORTER

    I HAVE A BASKETBALL PLAYER IN MY HOME AND THE GENTLEMAN WE'RE TALKING…

    I HAVE A BASKETBALL PLAYER IN MY HOME AND THE GENTLEMAN WE'RE TALKING ABOUT, JON WOODEN, SHOWED AMERICAN HOUSE TO PLAY SPORT, THOUSAND PLAY HONORABLY AND I URGE MY COLLEAGUES TO VOTE YES ON THIS ISSUE.

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  • 01:13:18 PM

    THE SPEAKER PRO TEMPORE

    ALL TIME HAS BEEN YIELDED BACK. THE QUESTION IS, WILL THE HOUSE SUSPEND…

    ALL TIME HAS BEEN YIELDED BACK. THE QUESTION IS, WILL THE HOUSE SUSPEND THE RULES AND AGREE TO HOUSE RESOLUTION 1427? THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. IN THE OPINION OF T CHAIR, 2/3 BEING IN THE AFFIRMATIVE, THE RULES ARE SUSPENDED AND THE RESOLUTION IS AGREED TO AND WITHOUT OBJECTION, THE MOTION TO RECONSIDER IS LAID ON THE TABLE.

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  • 01:14:51 PM

    THE SPEAKER PRO TEMPORE

    THE CLERK -- FOR WHAT PURPOSE DOES THE GENTLEMAN FROM COLORADO RISE?

  • 01:14:57 PM

    >>

    CALL UP HOUSE RESOLUTION 1424 AND ASK FOR ITS IMMEDIATE CONSIDERATION.

  • 01:15:06 PM

    THE SPEAKER PRO TEMPORE

    THE CLERK WILL REPORT THE RESOLUTION.

  • 01:15:10 PM

    THE CLERK

    CALENDAR NUMBER 202, HOUSE RESOLUTION 1425, RESOLVED, THAT AT ANY TIME…

    CALENDAR NUMBER 202, HOUSE RESOLUTION 1425, RESOLVED, THAT AT ANY TIME AFTER THE ADOPTION OF THIS RESOLUTION THE SPEAKER MAY, PURSUANT TO CLAUSE 2-B OF RULE 18, DECLARE THE HOUSE RESOLVED INTO THE COMMITTEE OF THE WHOLE HOUSE ON THE STATE OF THE UNION FOR CONSIDERATION OF THE BILL H.R. 5072, TO IMPROVE THE FINANCIAL SAFETY AND SOUNDNESS OF THE F.H.A. MORTGAGE INSURANCE PROGRAM. THE FIRST READING OF THE BILL SHALL BE DISPENSED WITH. ALL POINTS OF ORDER AGAINST CONSIDERATION OF THE BI ARE WAIVED EXCEPT THOSE ARISING UNDER CLAUSE 9 OR 10 OF RULE 21. GENERAL DEBATE SHALL BE CONFINED TO THE BILL AND L NOT EXCEED ONE HO EQUALLY DIVIDED AND CONTROLLED BY THE CHAIR AND RANKING MINORITY MEMBER OF THE COMMITTEE ON FINANCIAL SERVICES. AFTER GENERAL DEBATE THE BILL SHALL BE CONSIDERED FOR AMENDMENT UNDER THE FIVE-MINUTE RULE. IT SHALL BE IN ORDER TO CONSIDER AS AN ORIGINAL BILL FOR THE PURPOSE OF AMENDMENT UNDER THE FIVE-MINUTE RULE THE AMENDMENT IN THE NATURE OF A SUBSTITUTE RECOMMENDED BY THE COMMITTEE ON FINANCIAL SERVICES NOW PRINTED IN THE BILL. THE COMMITTEE AMENDMENT IN THE NATURE OF A SUBSTITUTE SHALL BE CONSIDERED AS READ. ALL POINTS OF ORDER AGAINST THE COMMITT AMENDMENT IN THE NATURE OF A SUBSTITUTE ARE WAIVED EXCEPT THOSE ARISING UNDER CLAUSE 10 OF RULE 21. NOTWITHSTANDING CLAUSE 11 OF RULE 18, NO AMENDMENT TO THE COMMITTEE AMENDMENT IN THE NATURE OF A SUBSTITUTE SHALL BE IN ORDER EXCEPT THOSE PRINTED IN THE REPORT OF THE COMMITTEE ON RULES ACCOMPANYING THIS RESOLUTION. EACH SUCH AMENDMENT MAY BE OFFERED ONLY IN THE ORDER PRINTED IN THE REPORT, MAY BE OFFERED ONLY BY A MEMBER DESIGNATED IN THE REPORT, SHAL BE CONSIDERED AS READ, SHALL BE DEBATABLE FOR THE TIME SPECIFIED IN THE REPORT EQUALLY DIVIDED AND CONTROLLED BY THE PROPONENT AND AN OPPONENT, SHALL NOT BE SUBJECT TO AMENDMENT, AND SHALL NOT BE SUBJECT TO A DEMAND FOR DIVISION OF THE QUESTION. ALL POINTS OF ORDER AGAINST SUCH AMENDMENTS ARE WAIVED EXCEPT THOSE ARISING UNDER CLAUSE 9 OR 10 OF RULE 21. AT THE CONCLUSION OF CONSIDERATION OF THE BILL FOR AMENDMENT THE COMMITTEE SHALL RISE AND REPORT THE BILL TO THE HOUSE WITH SUCH AMENDMENTS AS MAY HAVE BEEN ADOPTED. THE PREVIOUS QUESTION SHALL BE CONSIDERED AS ORDERED ON THE BILL AND AMENDMENTS THERETO TO FINAL PASSAGE WITHOUT INTERVENING MOTION EXCEPT ONE MOTION TO RECOMMIT WITH OR WITHOUT INSTRUCTIONS. SECTION 2. THE CHAIR MAY ENTERTAIN A MOTION THAT THE COMMITTEE RISE ONLY IF OFFERED BY THE CHAIR OF THE COMMITTEE ON FINANCIAL SERVICES OR HIS DESIGNEE. THE CHAIR MAY NOT ENTERTAIN A MOTION TO STRIKE OUT THE ENACTING WORDS OF THE BILL AS DESCRIBED IN CLAUSE 9 OF RULE 18. SECTION 3. SHALL BE IN ORDER AT ANY TIME THROUGH THE LEGISLATIVE DAY OF JUNE 11, 20, FOR THE SPEAKER TO ENTERTAIN MOTIONS THAT THE HOUSE SUSPEND THE RULES. THE SPEAKER OR HER DESIGNEE SHALL CONSULT WITH THE MINORITY LEADER OR HIS DESIGNEE ON THE DESIGNATION OF ANY MATTER FOR CONSIDERATION PURSUANT TO THIS SECTION.

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  • 01:18:15 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM COLORADO IS RECOGNIZED FOR ONE HOUR.

  • 01:18:19 PM

    MR. PERLMUTTER

    THANK YOU. FOR PURPOSES OF DEBATE ONLY, I YIELD THE CUSTOMARY 30 MINUTES…

    THANK YOU. FOR PURPOSES OF DEBATE ONLY, I YIELD THE CUSTOMARY 30 MINUTES TO THE GENTLEMAN, MR. SESSIONS FROM TEXAS. ALL TIME YIELDED DURING CONSIDERATION OF THE RULE IS FOR DEBATE ONLY. AND I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

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  • 01:18:36 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM COLORADO.

  • 01:18:38 PM

    MR. PERLMUTTER

    THANK YOU. I ALSO ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE…

    THANK YOU. I ALSO ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE LEGISLATIVE DAYS TO REVISE AND EXTEND THEIR REMARKS ON HOUSE RESOLUTION 1424.

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  • 01:18:48 PM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, SO ORDERED. THE GENTLEMAN FROM COLORADO.

  • 01:18:53 PM

    MR. PERLMUTTER

    THANK YOU. THE RULE PROVIDES FOR CONSIDERATION OF HOUSE BILL 5072, THE…

    THANK YOU. THE RULE PROVIDES FOR CONSIDERATION OF HOUSE BILL 5072, THE F.H.A. REFORM ACT OF 2010. IT IS A STRUCTURED RULE WHICH MAKES IN ORDER 13 AMENDMENTS. THE RULE WAIVES ALL POINTS OF ORDER AGAINST THE BILL EXCEPT THOSE ARISING UNDER CLAUSE 9 AND 10 OF RULE 21. IT FURTHER CONSIDERS THE AMENDMENT IN THE NATURE OF A SUBSTITUTE FROM THE FINANCIAL SERVICES COMMITTEE BE CONSIDERED AS READ. AND, FINALLY, THE RULE PROVIDES AUTHORITY TO THE SPEAKER TO ENTERTAIN MOTIONS TO SUSPEND THE RULE ON THURSDAY AND FRIDAY OF THIS WEEK. MADAM SPEAKER, H.R. 5072, THE FEDERAL HOUSING AUTHORITY REFORM ACT OF 2010, PROVIDES F.H.A. WITH THE OPPORTUNITY TO STRENGTHEN ITS INSURANCE PROGRAM AND OVERALL STRENGTH. IT LEFT A LARGE VOID IN THE HOUSING MARKET. BANKS DIDN'T HAVE THE CAPITAL TO LEND, SO POTENTIAL HOMEBUYERS WERE LEFT OUT IN THE COLD. F.H.A. PLAYED A CRITICAL ROLE IN FILLING THIS VOID PROVIDING A MUCH-NEEDED CATALYST TO THE REAL ESTATE INDUSTRY WHICH WAS LEFT REELING FROM THE SUBPRIME DEBACLE. THIS PRESERVED HUNDREDS OF THOUSANDS OJOBS IN THE REAL ESTATE INDUSTRY. AS A RESULT OF TAKING ON A MORE PROMINENROLE, F.H.A.'S MARKET SHARE INCREASED FROM ABOUT 4% TO NOW MORE THAN 30% OF TOTAL PURCHASES. 88% OF WHICH ARE FIRST-TIME HOMEBUYERS. THIS BILL MAKES SEVERAL NECESSARY REFORMS WHICH WILL MAKE IT MORE EFFICIENT AND ACCOUNTABLE. FIRST, IT PROVIDES F.H.A. WITH THE AUTHORITY TO RAISE THE ANNUAL MORTGAGE PREMIUM FOR NEW BORROWERS. IT ALSO PROVIDES F.H.A. WITH ENHANCED AUTHORITY WHEN F.H.A. FINDS FRAUD OR NONCOMPLIANCE BY A MORTGAGEE. IF A LENDER OR UNDERWRITER IS FOUND TO BE VIOLATING F.H.A. REGULATIONS WHEN UNDERWRITING LOANS BY MAKING RISKY LOANS OR CUTTING CORNERS, THE F.H.A. CAN TERMINATE HAT UNDERWRITER OR LENDER'S ABILITY TO LEND UNDER THE PROGRAM. 4 -- THE BILL IMPROVES THE RISK MANAGEMENT AND UNDER THE BILL THE F.H.A. WILL PROVIDE ADDITIONAL DATA WHICH WILL GIVE A CLEARER OVERVIEW OF F.H.A.'S FISCAL POSITION. THE BILL WE ARE CONSERING HERE TODAY IS BIPARTISAN AND INCORPORATES MANY CHANGES SOUGHT BY THE HOUSING AND URBAN DEVELOPMENT DEPARTMENT, INDUSTRY STAKEHOLDERS AND MEMBERS OF CONGRESS. IT PASSED THE FINANCIAL SERVICES COMMITTEE A VOICE VOTE WITH LITTLE OPPOSITION. AND MOST IMPORTANT,THE CONGRESSIONAL BUDGET OFFICE ANALYZED THE BILL AND ESTIMATES IT WILL SAVE $2.5 BILLION OVER THE NEXT FIVE YEARS. F.H.A. PLAYS A CRITICAL ROLE IN THE MARKETPLACE, AND THIS BILL STRENGTHENS THE PROGRAM SO THAT IT CAN CONTINUE ITS ROLE IN A SOUND MANNER. H.A. WAS CREATED DURING THE GREAT DEPRESSION TO STIMULATE THE ECONOMY, PARTICULARLY WITH REGARD TO REAL ESTATE. THIS PURPOSE IS EQUALLY IMPORTANT TODAY SO IT IS CRUCIAL THAT WE MAKE REFORMS TO THE PROGRAM THAT WILL ALLOW IT TO KEEP UP WITH THE INDUSTRY. THIS BILL WILL PROMOTE RESPONSIBLE LENDING AND REDUCE THE DEFICIT BY $2.5 BILLION. I LOOK FORWARD TO THE DEBATE ON THIS BILL WHICH WILL RESTORE GREATER CONFIDENCE IN THE HOUSING INDUSTRY. WITH THAT I RESERVE THE BALANCE OF MY TIME.

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  • 01:22:36 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM TEXAS…

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM TEXAS IS RECOGNIZED.

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  • 01:22:41 PM

    MR. SESSIONS

    YOU, MADAM SPEAKER. AND I THANK THE GENTLEMAN, MY FRIEND FROM COLORADO,…

    YOU, MADAM SPEAKER. AND I THANK THE GENTLEMAN, MY FRIEND FROM COLORADO, FOR GIVING ME SUCH TIME AS THE REPUBLICANS MAY HAVE. MADAM SPEAKER, I YIELD MYSELF SUCH TIME AS I MAY CONSUME. THE SPEAKER PRO TEMPORETHE GENTLEMAN FROM TEXAS.

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  • 01:22:54 PM

    MR. SESSIONS

    MADAM SPEAKER, THIS WILL BE THE 31ST TIME THAT I HAVE HANDLED A RULE ON…

    MADAM SPEAKER, THIS WILL BE THE 31ST TIME THAT I HAVE HANDLED A RULE ON THIS HOUSE FLOORN THIS CONGRESS, AND THIS IS THE 31ST TE THAT I HAVE YET TO HANDLE AN OPEN RULE. IN FACT, OUT OF THE OVER 120 RULES THIS CONGRESS, WE HAVE NOT DEBATED ONE OPEN RULE, NOT ONE OPEN RULE THIS CONGRESS. I DON'T BELIEVE THAT CLOSING DEBATE, LIMITING AMENDMENTS, SHOVELING DEMOCRATS AND REPUBLICANS OUT OF THOUGHTFUL IDEAS IS A GOOD WAY TO RUN THIS HOUSE. AND I KNOW AND YOU KNOW AND I SAY THIS OFTEN THAT OUR SPEAKER, SPEAKER PELOSI, PROMISED WHEN SHE TOLD THE AMERICAN PEOPLE THAT SHE WOULD RUN THE MOST OPEN, HONEST AND ETHICAL CONGRESS, I DON'T THINK SHE HAD THIS IN MIND. AND I KNOW WE DIDN'T AS REPUBCANS, AND I DON'T THINK THE AMERICAN PEOPLE DID, NOT TO HAVE ONE OPEN RULE THIS CONGRESS. I KNOW WE'RE GETTING READY TO FINISH THIS CONGRESS IN A COUPLE OF MONTHS, BUT ONE WOULD THINK THAT WHEN THE SPEAKER SPOKE THOSE WORDS SHE HAD SOMETHING IN MIND OTHER THAN CLOSED RULES OR SOME MODIFIED RULES. OPEN, HONEST, ETHICAL. NOT ONE OPEN RULE THIS CONGRESS. ONE THING THAT I DO HAVE THE OPPORTUNITY TO SAY TODAY, HOWEVER, MADAM SPEAKER, IS THAT IN THE CALL FOR A VOTE ON THE PREVIOUS QUESTION TO ALLOW FOR THIS WEEK'S YOUCUT WINNER WILL BE GOOD. YOUCUT IS THE NEW REPUBLICAN ONLINEOTING TOOL FOR AMERICANS TO PICK WHAT WASTEFUL GOVERNMENT SPENDING THAT THEY WOULD LIKE TO SEE CUT EVERY WEEK AND WHICH SHOULD BE AN AGENDA ON THIS FLOOR EVERY WEEK. I ADMIRE THE MAJORITY FOR FINALLY HAVING A BILL THAT SAVES THE TAXPAYERS MONEY. DON'T KNOW HOW MANY TIMES THAT'S HAPPENED IN THIS CONGRESS OR UNDER THIS SPEAKER, BUT WHAT I CAN TELL YOU IS HUNDREDS OF THOUSANDS AMERICANS THIS WEEK HAVE BEEN ON THE YOUCUT SITE AN THEY CAME UP WITH LOTS OFNSWERS. SO I APPLAUD THE DEMOCRAT MAJORITY FOR COMING UP WITH FINALLY A BILL WHICH WILL SAVE TAXPAYERS MONEY. ADDITIONALLY, HERE TODAY WE ARE HERE TO DISCUSS AN IMPORTANT STEP IN PROVIDING THE HOUSING AND URBAN DEVELOPMENT, ALSO KNOWN AS H.U.D., WITH THE TOOLS IT NEEDS TO SUPERVISE AND MONITOR THE MORTGAGE INSURANCE PROGRAM RUN THROUGH THE FEDERAL HOUSING AUTHORITY KNOWN AS F.H.A. THAT'S WHAT WE'RE HERE FOR AND I'M GLAD THAT'S WHAT WE'RE HERE FOR, SAVING MONEY AND RUNNING THE GOVERNMENT MORE EFFICIENTLY AND PROVIDING THE TOOLS IS WHAT CONGRESS SHOULD BE FOR. IT IS NECESSARY TO UNDERSTAND WHY THESE CHANGES ARE IMPORTANT , AND IN MY OPINION, MY COLLEAGUES, O REALLY WORK ACROSS PARTY LINES, NEED TO DO MORE OF THIS KIND OF WORK OF HELPING RATHER THAN PROVIDING MORE RULES AND REGULATIONS. THE CONTINUED IMPORTANCE OF PROTECTING THE TAXPAYER IS PRIMARY AND IMPORTANT TO PEOPLE WHO ARE PAYING THE TAXES. THEY WANT TO KNOW THAT THERE SHOULD BE MORE WORK LIKE THIS BEING DONE IN WASHINGTON. AS THE HOUSING MARKET COLLAPSED OVER THE LAST TWO YEARS, PRIVATE LENDERS HAVE CAILED BACK THEIR ACTIVITIES -- SCALED BACK THEIR ACTIVITIES WITH THE F.H.A., SIGNIFICANTLY INCREASING ITS SHARE OF THE SINGLE FAMILY MORTGAGE MARKET FROM LESS THAN 5% TO NOW MORE THAN 30%. WITH HIGHER MARKET SHARE COMES INCREASED TAXPAYER EXPOSURE. THE ELEVATED LEVEL TO DELINQUENCIES AND FORECLOSURES ACROSS THIS NATION HAVE HAD A DETRIMENTAL EFFECT ON THE FINANCIAL HEALTH OF THE F.H.A.. WHICH IS WHY REFORMS IN THIS LEGISLATION ARE AN ESSENTIAL PIECE OF FIXING A ADDRESSING THIS PROBLEM TODAY. I APPLAUD THE GENTLEMAN, MR. FRANK. I APPLAUD THE GENTLEWOMAN, MRS. CAPITO, FOR WORKING TOGETHER, FOR ESSENTIALLY BRINGING A HUGE PART OF MRS. CAPITO'S BILL TO THE FLOOR TODAY. THE TAXPAYERS HAVE ALREADY PAID THEIR FAIR SHARE FOR BAILOUTS AND FAILED STIMULUS PROGRAMS RESULTING IN RECORD DEBTS AND RECORD DEFICITS. IT'S IMPORTANT TO BRING SOME STABILITY AND TO RECOGNIZE PROBLEMS BEFORE THEY HAPPEN. H.R. 5072 INCORPORATES A MAJORITY OF THE PROVISIONS FROM MY FRIEND, THE RANKING MEMBER, SHELLY MOORE CAPITO'S LEGISLATION, H.R. 4811, THE F.H.A. SAFETY AND SOUNDNESS AND TAXPAYER PROTECTION ACT. THIS LEGISLATION FROM REPRESENTATIVE CAPITO PROVIDES ADDITIONAL ENFORCE, THE FINANCIAL AND RISK ASSESSMENT TOOLS NECESSARY TO ADEQUATELY ADMINISTER THE THE PROGRAM, TO DETECT FRAUD AND ABUSE, AND TO STRENGTHEN UNDERWRITING STANDARDS, AND PERHAPS BEST OF ALL, TO PROTECT THE TAXPAYER. WHILE THE LEGISLATION IS A STEP IN THE RIGHT DIRECTION, IT IS IMPORTANT TO NOTE THAT THE BENEFITS OF USING GOVERNMENT SUBSIDIES TO PROMOTE HOMEOWNERSHIP TO BE MORE BALANCE AGAINST -- CREDIT WORTHINESS WITH BORROWERS AND EXPOSING THE TAXPAYERS TO ADDITIONAL RISK IS PERHAPS THE BEST PART OF THIS BILL. IT IS EXTREMELY IMPORTANT TO HAVE PROPER UNDERWRITING AND TO ENSURE THAT POTENTIAL HOMEBUYERS HAVE THE APPROPRIATE AMOUNT OF PERSONAL FUNDS INVESTED IN THE TRANSACTION TO MAKE SURE THAT THE HOUSING MARKET DOES NOT COLLAPSE AGAIN. MADAM SPEAKER, WHILE THIS LEGISLATION IS AN IMPORTANT STEP, CONGRESS SHOULD DO MORE TO PROTECT THE TAXPAYER FROM HAVING TO SUFFER THE CONSEQUENCES OF BAILOUTS AND ANOTHER GOVERNMENT HOUSING PROGRAM. CONGRESSMAN SCOTT GARRETT OF NEW JERSEY ALSO ON THE FINANCIAL SERVICES COMMITTEE OFFERED SEVERAL AMENDMENTS WHICH WERE NOT MADE IN ORDER BY THE RULES CMITTEE, AND SO THEY WILL NOT BE VOTED ON TODAY ON THE FLOOR. THESE AMENDMENTS, HOWEVER, ARE WORTHY OF SPEAKING ABOUT. THEY WOULD HAVE PROTECTED TAXPAYERS FROM YET ANOTHER GOVERNMENT BAILOUT. AS WE WERE SETTING THE RULES FOR THE FUTURE TO SAY THE FEDERAL GOVERNMENT SHOULD NOT BE IN THE BAILOUT BUSINESS. MY FRIENDS ON THE OTHER SIDE OF THE AISLE, ONCE AGAIN, CONTINUED TO SHUT OUT NOT JUST SCOTT GARRETT BUT TAXPAYERS AND PEOPLE WHO HAD IDEAS THAT ARE CALLED MEMBERS OF CONGRESS AND NOT ALLOW A DEBATE ON COMMONSENSE SOLUTIONS THAT SAVE THE TAXPAYERS MONEY. ONCE AGAIN, I APPLAUD THE GENTLEMAN, MR. FRANK, FOR BRINGING THIS BILL TO THE FLOOR, BUT WE NEED MORE AND MORE DISCUSSION ABOUT HOW WE LIMIT TAXPAYER EXPOSURE. I BELIEVE THAT CONGRESS AND THE ADMINISTRATION MUST BE EXTREMELY CAUTIOUS AND ALWAYS VIGILANT IN THEIR OVERSIGHT OF THIPROGRAM AND OTHERS TO MAKE CERTAIN THAT THE PROGRAM IS ADEQUATELY CAPITALIZED AND IS RUN IN A SAFE AND SOUND MANNER, THAT PROTECTS THE TAXPAYER FROM THE NEED THE NOT ONLY ANOTHER BAILOUT BUT WASTEFUL SPENDING. AS THE HOUSING MARKET BEGINS TO STABILIZE, WE MUST LOOK FOR WAYS TO DECREASE, DECREASE RELIANCE ON THE FEDERAL GOVERNMENT GUARANTEES AND ENCOURAGE THE RE-ENTRY OF PRIVATE CAPITAL AND INVESTMENT IN THE MORTGAGE MARKET. MADAM SPEAKER AT THIS TIME, I WOULD LIKE TO YIELD FOUR MINUTES TO THE GENTLEMAN FROM VIRGINIA, MR. CANTOR TO DISCUSS HIS IDEAS ON THIS BILL.

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  • 01:30:48 PM

    THE SPEAKER PROEMPORE

    THE GENTLEMAN FROM VIRGINIA IS RECOGNIZED FOR FOUR MINUTES.

  • 01:30:52 PM

    MR. CANTOR

    THE GENTLEMAN. THANK YOU, MADAM SPEAKER. MADAM SPEAKER, RECENTLY WE FOUND…

    THE GENTLEMAN. THANK YOU, MADAM SPEAKER. MADAM SPEAKER, RECENTLY WE FOUND OUT THAT THE NATIONAL DEBT HAS SURPASSED $13 TRILLION. THAT MEANS THAT EACH AMERICAN OWES APPROXIMATELY $42,000. I ALIGN MYSELF WITH THE REMARKS FROM THE GENTLEMAN FROM TEXAS IN APPLAUDING THE GENTLEMAN FROM COLORADO AND MASSACHUSETTS IN BRINGING THIS BILL TO THE FLOOR THAT ACTUALLY DOES SAVE TAXPAYER DOLLARS FOR THE AMERICAN PEOPLE. I ALSO WANT TO RECOGNIZE THE LEADERSHIP OF MRS. CAPITO FROM WEST VIRGINIA WHORKS BILL THIS ORIGINALLY WAS. HERE'S AN IDEA, MADAM SPEAKER. RATHER THAN SIMPLY TALKING ABOUT HOW SHOCKING OUR DANGEROUS LEVEL OF NATIONAL DEBT IS, WHY DON'T WE ACTUALLY DO SOMETHING ABOUT IT TODAY? SOUTH AMERICA AT A CROSSROADS AND THE CHOICES WE MAKE TODAY WILL DETERMINE THE KIND OF COUNTRY WE WILL BE. THE REPUBLICAN ECONOMIC RECOVERY WORKING GROUP LAUNCHED THE YOUCUT PROGRAM TO CHANGE THE CULTURE IN WASHINGTON. IT'S CLEAR FROM NEWS REPORTS, MADAM SPEAKER THAT IT'S STARTING TO DO SO. WE SAW THE WHITE HOUSE JUST LAST WEEK ASK EACH GOVERNMENT AGENCY TO KIT 5% FROM THEIR BUDGETS. WHILE WE APPLAUD THEIR INTENTIONS, HOUSE REPUBLICANS ARE OFFERING A WAY TO CUT SPENDING, NOT TOMORROW, NOT NEXT WEEK, BUT RIGHT NOW WITH YOUCUT. THERE'S NO DOUBT THAT OUR DEBT SITUATION IS REACHING A CRISIS POINT THAT DEMANDS A UNITED, BIPARTISAN EFFORT TO SOLVE IT. I'LL BE THE FIRST RAISE MY HAND TO SAY THAT THE REPUBLICANS HAVE PLAYED A PART TO CONTRIBUTING TO PROBLEMS IN THE PAST. BUT FOR THOSE AMERICANS OUT THERE STRUGGLING TO PAY THEIR MORTGAGES, DOES IT REALLY MATTER TO THEM WHOSE FAULT IT WAS? I COME TO THE FLOOR TODAY, MADAM SPEAKER TO URGE MY DEMOCRATIC COLLEAGUES TO JOIN US IN SUPPORTING THIS WEEK'S WINNING YOUCUT PROPOSAL TO REFORM FANNIE MAE AND FREDDIE MAC WHICH RECEIVED 45% OF THE VOTE ON YOUCUT. SCOTT GARRETT AND JEB HENSARLING'S PROPOSAL WOULD SAVE $35 BILLION IN TAXPAYER MONEY OVER THE NEXT DECADE. THE TWO GOVERNMENT-SPONSORED ENTERPRISES HAVE WRACKED UNA TAB OF $45 BILLION AND COUNTING. IF WE DOT REFORM FANNIE AND FREDDIE THAT PRICE TAG WILL ONLY RISE. THERE'S NO DOUBT THAT REFORMIN FANNIE AND FREDDIE WILL BE A CHALLENGING TASK. BUT TAKING ON THIS KIND OF CHALLENGE IS WHY OUR CONSTITUENTS GAVE US THE PRIVILEGE OF SERVING IN THIS HOUSE IN THE FIRST PLACE. I YIELD BACK.

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  • 01:33:46 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK. THE GENTLEMAN FROM COLORADO IS RECOGNIZED.

  • 01:33:53 PM

    MR. PERLMUTTER

    I THANK YOU, MADAM SPEAKER AND I APPRECIATE THE GENTLEMAN'S SUPPORT OFHE…

    I THANK YOU, MADAM SPEAKER AND I APPRECIATE THE GENTLEMAN'S SUPPORT OFHE UNDERLYING BILL AND THE SAVING OF $2.5 BILLION AND THEY'D LIKE TO PROCEED AND MAKE SOME CUTS TO FAN KNEE MAE AND FREDDIE MAC OVER THE COURSE OF THE NEXT YEAR AND THAT'S SOMETHING WE ULTIMATELY HAVE TO ADDRESS. UNDER MR. FRANK AND THIS DEMOCRATIC CONGRESS WE WORKED ON REFORMS TO FANNIE MAE AND FREDDIE -- FREDDIE MAC, UNLIKE MY FRIENDS ON THE REPUBLICAN SIDE OF THE AISLE, I REMIND THEM WHAT THEIR CHAIRMAN OF THE HOUSE FINANCIAL SERVICES SAID ABOUT THE EFFORTS TO REFORM AND REVAMP FANNIE MAE AND FREDDIE MAC BACK WHEN THE REPUBLICANS WERE IN CHARGE OF BOTH THE WHITE HOUSE AND THIS CONGRESS. THEY TRIED TO REFORM -- THERE WAS AN EFFORT TO REFORM FANNIE MAE AND FREDDIE MAC BETWEEN MR. OXLEY AND MR. FRANK BUT INSTEAD OF GETTING ANY ASSISTANCE, HE FUMED PARTICULARLY ABOUT THE WHITE HOUSE. ALL THE HAND WRING, THIS WAS FROM AN ARTICLE IN THE "FINANCIAL TIMES." IT WAS BY MR. OXLEY. THIS IS AN ARTICLE WRITTEN AND VOTED FROM MR. OXLEY IN THE "FINANCIAL TIMES" LAST SEPTEMBER, SEPTEMBER 9, 2008 WHERE HE FUMES AGAINST CRITICISM THAT THE HOUSE DIDN'T TRY TO RERM FANNIE MAE AND FREDDIE MAC A FEW YEARS AGO. HE SAID ALL THE HAND WRINGING AND BED-WETTING IS GOING ON WITHOUT REMEMBERING HOW THE HOUSE STEPPED UP ON THIS TO TRY TO REFORM FANNIE MAE AND FREDDIE MAC HE SAYS WHAT DID WE GET FROM THE WHITE HOUSE? A WHITE HOUSE THAT WAS CONTROLLED BY THE REPUBLICANS. WE GOT A, QUOTE, ONE-FINGER IS A LUTE, IN TRYING TO REFORM FANNIE -- SALUTE, -- ABSOLUTE IN TRYING TO REFORM -- SALUTE IN TRYING TO REFORM FANNIE MAE AND FREDDIE MAC. WE HAVE BEEN LOOKING TO REFORM FANNIE MAE AND FREDDIE MAC AND LOOKING FOR WAYS TO CUT COSTS AND EXPENSES. ONE OF THOSE PLACES WE'RE ALREADY DOING SOMETHING ABOUT WHICH MAKES THEIR SUGGESTION LOOK LIKE PEANUT, THAT'S IN IRAQ. THE REPUBLICANS UNDER THE LEADERSHIP OF GEORGE BUSH AND THE REPUBLICAN CONGRESS CUT THE TAXES FOR THE WEALTHIEST 1%, PROSECUTED TWO WARS WITHOUT PAYING FOR THEM, LEFT WALL STREET IN DISARRAY BY FAILING TO POLICE WALL STREET AND WHAT DO WE GET? WE GOT A FINANCIAL MELTDOWN AND A GIANT DEBT, $1.3 BILLION WHEN BARACK OBAMA TOOK OFFICE, AND NOW THEY'RE COMPLAINING ABOUT THE COST THAT THEY LEFT IN PLACE BASED ON THEIR WAY OF RUNNING THE COUNTRY. WITH THAT, I GIVE MY -- WITH THAT, I RESERVE THE BALANCE OF MY TIME.

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  • 01:36:34 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME THE GENTLEMAN FROM TEXAS IS…

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME THE GENTLEMAN FROM TEXAS IS RECOGNIZED.

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  • 01:36:42 PM

    MR. SESSIONS

    WE GOT INTO THIS DEBATE ABOUT BLAMING GEORGE BUSH FOR EVERYTHING AND I…

    WE GOT INTO THIS DEBATE ABOUT BLAMING GEORGE BUSH FOR EVERYTHING AND I WOULD REMIND MY COLLEAGUE, I WOULD PIN THE TAIL ON THE DONKEY. WE KNOW WHO CONTROLS SPENDING AND TAXES AROUND HERE. AT THIS TIME, I YIELD THREE MINUTES TO THE FAVORITE SON FROM DALLAS, TEXAS, MR. HENSARLING.

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  • 01:37:03 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR THREE MINUTES.

  • 01:37:07 PM

    MR. HENSARLING

    I THANK THE GENTLEMAN FOR YIELDING. THE AMERICAN PEOPLE UNDERSTAND THAT…

    I THANK THE GENTLEMAN FOR YIELDING. THE AMERICAN PEOPLE UNDERSTAND THAT THIS NATION IS FACING A DEBT CRISIS. CONGRESS, UNDER CONTROL OF OUR FRIENDS ON THE OTHER SIDE OF THE AISLE, THE DEMOCRATS, AND SEEING THE DEFICIT INCREASE ALMOST 10 FOLD SINCE THEY TOOK CONTROL OF CONGRESS. WE KNOW THAT PRESIDENT OBAMA HAS NOW SUBMITTED A BUDGET WHICH WILL UBLE THE NATIONAL DEBT IN FIVE YEAR, TRIPLE IT IN 10 FROM 2008. MADAM SPEAKER, I SERVE ON THE PRESIDENT'S FISCAL RESPONSIBILITY COMMISSION AND WE HAVE RECENTLY HEARD TESTIMONY THAT WHEN A NATION'S GROSS DEBT EQUALS 90% OF ITS ECONOMY, IN THIS CASE G.D.P., THAT THE NEEDLE HAS HIT THE RED ZONE. THAT YOU CAN LOSE ECONOMIC GROWTH AND ON AVERAGE, HISTORY TELLS US YOU CAN LOSE ONE PERCENTAGE POINT A FULL THIRD, CONGRESSIONAL BUDGET OFFICE IS EXPECTING 3% ECONOMIC GROWTH, IT COULD BE 2%. THE UNITED STATES GROSS DEBT IS NOW AT 89% OF G.D.P. AND THE AMERICAN PEOPLE NOW KNOW IT'S EITHER YOUCUT OR YOUR CHILDREN MAY ONE DAY FACE BANKRUPTCY. SPENDING IS OUT OF CONTROL. OUR CHILDREN ARE FACING A FUTURE WITH FEWER JOBS, SHRINKING PAYCHECKS, SMALLER HOMES, AN AMERICAN DREAM THAT IS CONSTRICTED AND DIMINISHED. WE ARE ON THE VERGE OF BEING THE FIRST GENERATION IN AMERICA'S HISTORY TO LEAVE THE NEXT GENERATION WITH A LOWER STANDARD OF LIVING. JUST THIS MORNING, ON THE BUDGET COMMITTEE, CHAIRMAN BERNANKE SAID THAT IT IS IMPORTANT THAT THE CONGRESS ACT TODAY ON THE GOVERNMENT SPONSORED ENTERPRISE. IT'S IMPORTANT THAT THE GOVERNMENT ACT TODAY ON ENACTING A BUDGET. IT'S IMPORTANT THAT THE GOVERNMENT ACT TODAY TO REDUCE THE NATIONAL DEBT THAT HAS AN IMPACT ON ECONOMIC GROWTH IN JOBS TODAY. BUT WE HAVE NO PLAN, AT LEAST LISTENING TO THE GENTLEMAN FROM COLORADO. IF WE HAD A PLAN TO DEAL WITH THE G.S.E.'S, IT HAS NOT ENDED IN A SUCCESS THAT THE AMERICAN PEOPLE RECOGNIZE. WE'RE NOW LOOKING AT $147 BILLION OF TAXPAYER BAILOUTS, BETWEEN THE GOVERNMENT SPONSORED ENTERPRISES AND THE F.H.A., THEY NOW CONTROL APPROXIMATELY 95% OF THE MARKET, MORE GORNMENT CONTROL. THAT'S WHY THE GENTLEMAN FROM NEW JERSEY, MR. GARRETT, AND I HAVE BEEN REDUCED TO H.R. 4889, THE G.S.E. BAILOUT ELIMINATION AND BAILOUT PROTECTION ACT TO END THIS. INSTEAD, WHAT WE HAVE FROM OUR FRIENDS ON THE OTHER SIDE OF THE AISLE IS THEY ACTUALLY EXEMPT THE GOVERNMENT-SPONSORED ENTERPRISES AT THE EPICENTER OF THE NEW LEGISLATION. IT IS TIME WE PUT FANNIE AND FREDDIE ON A ROAD TO MARKET COMPETITION TO END THE PERPETUAL BAILOUTS TO SAVE MONEY, BECAUSE IT'S EITHER YOUCUT OR YOUR CHILDREN GO BANKRUPT.

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  • 01:40:17 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM COLORADO IS RECOGNIZED.

  • 01:40:20 PM

    MR. PERLMUTTER

    MADAM SPEAKER, I WOULD NOW YIELD FIVE MINUTES TO MY FRIEND FROM…

    MADAM SPEAKER, I WOULD NOW YIELD FIVE MINUTES TO MY FRIEND FROM MASSACHUSETTS, MR. FRANKS.

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  • 01:40:27 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM MASSACHUSETTS IS RECOGNIZED FOR FIVE MINUTES.

  • 01:40:31 PM

    MR. FRANKS

    TO ACKNOWLEDGE THE PHRASE GIVEN

  • 01:40:44 PM

    MR. FRANK

    I WANT TO ACKNOWLEDGE THE PHRASE GIVEN ON THE OTHER SIDE. I WILL BE AT A…

    I WANT TO ACKNOWLEDGE THE PHRASE GIVEN ON THE OTHER SIDE. I WILL BE AT A MEET, THE GENTLEMAN FROM TEXAS, MR. PAUL, AND I ARE BEGIN AN ENTERPRISE TO PULL BACK THE EXCESSIVE OVERREACH OF AMERICA MILITARILY. WE ARE SPEND MANAGER MONEY NOW DEFENDING WESTERN EUROPE FROM ENEMY UNKNOWN TO ANYBODY, INCLUDING THOSE IN WESTERN EUROPE, THAN WE'RE SPENDING ON ANY DOMESTIC PROGRAM. I WELCOME THAT. I'LL LOOK TO SEE WHERE WE ARE ON THAT I SUPPORT PRESIDENT OBAMA'S EFFORTS TO SAVE MONEY IN THE SPACE PROGRAM. WHEN PEOPLE TELL ME WE'VE GOT A SERIOUS DEBT CRISIS BUT THEY'RE WILLING TO COMMIT HUNDREDS OF BILLIONS OF DOLLARS TO SEND A HUMAN BEING TO MARS SO HE OR SHE CAN BE BROUGHT BACK, THEN I'M ALSO SKEPTICAL. SOME OF MY FRIENDS IN THE AGRICULTURE COMMITTEE AND IN THE SOUTH WHO SUPPORT SENDING $147 MILLION OF AMERICAN TAX DOLLARS TO THE BRAZILIAN COTTON FARMERS TO OFFSET THE SUBSIDY GIVEN TO AMERICAN COTTON FARMERS, I DOUBT THE DEPTHS OF THEIR COMMITMENT TO CUTTING THE BUDGET. BUT LET ME TALK ABOUT REVISIONIST HISTORY. THE REPUBLICAN PARTY CONTROLLED THE DEPRONK 1995 TO 2006 NO LEGISLATION CHANGING FANNIE MAE OR FREDDIE MAC WENT THROUGH. PRESIDENT BUSH CONTROLLED THE EXECUTIVE BRANCH FROM 2000 TO 2008. WHAT HE DID HE SAID HE WANTED SOME REFORM. YOU HEARD THE FORMER CHAIRMAN, THE FORMER REPUBLICAN CHAIRMAN, DENIGRATE MR. BUSH'S COOPERATION THERE BUT IN 2004, THE BUSH ADMINISTRATION ORDERED FANNIE MAE AND FREDDIE MAC TO INCREASE THE NUMBER OF MORTGAGES THEY BOUGHT FOR PEOPLE BELOW THE MEDIAN INCOME. AT THE TIME, I SAID I THOUGHT THAT WAS A MISTAKE, WRONG FOR THE PEOPLE BEING PUSHED INTO THIS, WRONG FOR FANNIE MAE AND FREDDIE MAC. IN 2003, I DIDN'T THINK FANNIE MAE AND FREDDIE MAC NEEDED CHANGE BUT GEORGE BUSH CONVERTED ME. HE CONVERTED ME WHEN HE SENT THEM MUCH TOO DEEPLY, BY HIS DECISION, INTO MORE SUBPRIME MORTGAGES. I THOUGHT IT WAS BETTER TO USE THEM FOR AFFORDABLE RENTAL HOUSING. ONCE THAT HAPPENED, I JOINED MANY OXLEY IN 2005 IN AN EFFORT TO PASS THE BILLISM SUPPORTED A BILL THAT PASSED IN THE HOUSEFUL WE'LL HEAR FROM SOME REPUBLICAN MEMBERS WHO SAY NOTHING WAS DONE. YOU KNOW WHAT THEIR PROBLEM WAS, MADAM SPEAKER? THEY COULDN'T GET THE SUPPORT OF THEIR OWN REPUBLICANS, THE REPUBLICAN LEADERSHIP OF THE FINANCIAL SERVICES COMMITTEE TODAY, THE REPUBLICAN LEADERSHIP OF THE HOUSE TODAY, JOIN POLICE DEPARTMENT OXLEY -- TO JOIN MR. OXLEY. THE BILL WHICH PASSED THE HOUSE IN 20 WHICH I VOTED AGAINST, NOT BECAUSE OF ANYTHING TO DO WITH FANNIE MAE OR FREDDIE MAC BUT BECAUSE OF RESTRICTIONS ADD BY THE RULE COMMITTEES AND THE SELF-EXECUTING RULE FOR HOUSING PROGRAMS THAT WOULD HAVE KEPT THE CATHOLIC CHURCH FROM PARTICIPATING IN THAT, BUT ON THE SUBSTANCE OF THE BILL, YOU WILL HEAR THERE WERE AMENDMENTS AND MANY OF US OPPOSED THOSE AMENDMENTS. I OPPOSED SOME OF THOSE AMENDMENTS. THE CHAIRMAN OF THE COMMITTEE, MR. OXLEY, OPPOSED SOME AMENDMENTS. MR. BOEHNER OPPOSED THE AMENDMENT, THE MAJORITY OF REPUBLICANS ON THE FINANCIAL SERVICES COMMITTEE TODAY OPPOSED THE AMENDMENTS NO AMENDMENT OFFERED IN EITHER THE COMMITTEE OR ON THE FLOOR OF THE HOUSE BY THE HANDFUL OF REPUBLICANS WHO WILL BE HERE TODAY BLAMING THE DEMOCRATS, WHEN THE REPUBLICANS CONTROLLED THE WHITE HOUSE AND THE REPUBLICANS CONTROLLED THE HOUSE AND THE REPUBLICANS CONTROLLED THE SENATE, THE HOUSE PASSED A BILL AND A HANDFUL OF REPUBLICAN OS POSED IT AND NO AMENDMENT THEY OFFERED ON THE FLOOR OR IN COMMITTEE GOT A MAJORITY OF REPUBLICAN VOTES. A MAJORITY OF REPUBLICAN -- NO DEMOAT HAD VOTED ON THAT BILL, THE OUTCOME WOULD HAVE BEEN EXACTLY THE SAME. IN 2007, WHEN THE DEMOCRATS TOOK THE MAJORITY, I BECAME THE CHAIRMAN AND FOR THE FIRST TIME, THE CONGRESS DID IN THAT CONGRESS PASS A BILL TO REFORM FANNIE MAE AND FREDDIE MAC. IT WAS HELD UP IN THE SENATE, UNFORTUNATELY. WE DID IN IT 2007. UNDER THAT BILL, SECRETARY OF THE TREASURY PAUL ZEN, ACTING ON BEHALF OF PRESIDENT BUSH, PUT FANNIE MAE AND FREDDIE MAC INTO CONSERVATORSHIP. THE MOST DRASTIC REFORM TO DATE IN THE FINANCIAL AREA CAME WHEN SECRETARY PAULSON, UNDER AUTHORITY GIVEN TO HIM BY THE DEMOCRATIC CONGRESS, PUT FANNIE MAE AND FREDDIE MAC INTO CONSERVATORSHIP. THE DEBTS OWED ARE THE DEBTS INCURRED IN THE PERIOD WHEN GEORGE BUSH WAS PRESIDENT AND WHEN THE REPUBLICANS WERE UNABLE TO ENACT LEGISLATION TO REFORM FANNIE MAE AND FREDDIE MAC. THERE WERE SOME HERE ON THE OTHER SIDE. I WAS -- I WAS COMMITTED TO DOING THAT IN 2003. IN 2004, WHEN THE BUSH ADMINISTRATION PUSHED FANNIE MAE AND FRED KEY MACMORE DEEPLY INTO BUYING SUBPRIME MORTGAGES, I OPPOSED THAT, AS I WILL PUT IT TO THE RECORD AND THEN JOIN POLICE DEPARTMENT OXLEY IN TRYING TO REFORM IT. FANNIE MAE AND FREDDIE MAC ARE TODAY IN CONSERVATORSHIP. THE SECRETARY TESTIFIED BEFORE OUR COMMITTEE, UNCHALLENGED BY ANY REPUBLICANS, WHO WERE MUCH TOUGHER IN HIS ABSENCE, FANNIE MAE AND FREDDIE MAC, -- I ASK FOR AN ADDITIONAL TWO MINUTES.

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  • 01:45:57 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM MASSACHUSETTS HAS TWO ADDITIONAL MINUTES.

  • 01:46:01 PM

    MR. FRANK

    BY ANY OF THE REPUBLICANS, FANNIE MAE AND FREDDIE MAC ARE NOT NOW COSTING…

    BY ANY OF THE REPUBLICANS, FANNIE MAE AND FREDDIE MAC ARE NOT NOW COSTING THE TAXPAYER ANY MONEY. THE MONEY OWED IS FROM THE PRIOR ACTIVITY, BEFORE SECRETARY PAULSON PUT THEM INTO CONSERVATORSHIP WITH AUTHORITY HE DID NOT GET FROM A REPUBLICAN CONGRESS BUT FROM A DEMOCRATIC CONGRESS. IT WAS A BILL HE COULD WORK WITH. SINCE THEN, FANNIE MAE AND FREDDIE MAC HAVE BEEN IN CONSERVAVE -- CONSERVATORSHIP AND THEY ARE NOT COSTING THE TAXPAYER MONEY. CLEARLY WE HAVE TO TAKE THE NEXT STEP. WE ARE CONSULTED WITH THE REALTORS, WITH THE BUILDERS, WITH ADVOCATES FROM LOW-INCOME HOUSING AND THEIR RECOMMENDATION IS, YES, KEEP THEM IN CONSERVATORSHIP AND REPLACE THEM. THE REPUBLICAN PLAN THAT YOU'VE HEARD -- THE PLAN OF THE MIRITY OF REPUBLICANS FROM 2006 OR 2005 ABOLISHES THEM WITH NO REPLACEMENT SO HOUSING FINANCE IS LEFT IN A TURMOIL. WE HAVE THE F.H.A., WE HAVE THE FEDERAL HOMEOWNER BANKS, WE HAVE FANNIE MAE AND FREDDIE MAC. JUST TO SUMMARIZE -- AND I HAVE BEEN TOLD THAT IT WAS MY FAULT THAT DURING THE REPUBLICAN YEARS IN CONGRESS WE DIDN'T PASS A BILL ON FANNIE MAE AND FREDDIE MAC. WELL, MR. DELAY OF RECENT MEMORY, WAS IN CHARGE OF THE HOUSE AGENDA THEN. AND I HAVE TO DISCLAIM THE NOTION THAT I WAS SECRETLY ADVISING MR. DELAY. AND I'LL PROVE THAT TO YOU, MADAM SPEAKER. IF I WERE GIVING MR. DELAY ADVICE I WOULD HAVE TOLD HIM NOT TO GO ON THE SHOW. IT WOULD NOT HAVE BEEN FANNIE MAE AND FREDDIE MAC THAT WOULD HAVE BENEFITED. A LOT WOULD HAVE BEEN BENEFITED. WE WERE FRUSTRATED BY HIM. HE WAS IN CHARGE OF THE HOUSING AGENDA. A FEW REPUBLICANS WANTED TO CHANGE IT. THEY WERE OUTVOTED BY THE REPUBLICAN MAJORITY. WHEN THE DEMOCRATS TOOK OFFICE -- AND YOU CAN READ THAT IN SECRETARY PAULSON'S BOOK -- WE COOPERATED WITH THE PAULSON ADMINISTRATION, WE TOLD THEM TO PUT IT IN CONSERVATORSHIP AND WE AWAIT THE NEXT STEPS.

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  • 01:48:09 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN FROM TEXAS IS RECOGNIZED.

  • 01:48:13 PM

    MR. SESSIONS

    THANK YOU VERY MUCH, MADAM SPEAKER. I'M GLAD THAT THE GENTLEMAN TRIED TO…

    THANK YOU VERY MUCH, MADAM SPEAKER. I'M GLAD THAT THE GENTLEMAN TRIED TO KILL THE BILL THAT PASD THE HOUSE WHEN THE SENATE DIED, THE G.S.E. REFORM BILL, THE GENTLEMAN SAY HE VOTED AGAINST IT AND DID HE. I WOULD ALSO REMIND THE GENTLEMAN TODAY IS TODAY AND WHERE'S THE BUDGET? WHERE'S THE BUDGET FOR THE HOUSE TO VOTE ON? WHERE'S THE BUDGET? DEAFENING SILENCE. WE SHOULD BE DOING THE BUDGET. THE BUDGET THAT PEOPLE OF THE UNITED STATES FIND OUT WHAT THE GLIDE PATH AND DIRECTION SHOULD BE FOR THIS COUNTRY FOR ALL THIS SPENDING. DEAFENING SILENCE, MADAM SPEAKER. WHERE'S THE LEADERSHIP THERE? NOW, WE WERE TALKING ABO A SMALL F.H.A. BILL. HOW ABOUT FOR THE UNITED STATES ? ONCE AGAIN, PIN THE TAIL ON THE DONKEY. MADAM SPEAKER, I'D LIKE TO YIELD THREE MINUTES TO THE GENTLEMAN FROM NEW JERSEY, MR. GARRETT.

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  • 01:49:24 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR THREE MINUTES.

  • 01:49:28 PM

    MR. GARRETT

    SAY TO LISTEN TO WHAT THE GENTLEMAN FROM VIRGINIA SAID BEFORE. WE ARE NOT…

    SAY TO LISTEN TO WHAT THE GENTLEMAN FROM VIRGINIA SAID BEFORE. WE ARE NOT ABOUT LOOKING BACK. WE ARE ABOUT LOOKING FORWARD. WE ARE NOT LOOKING AT POINTING BLAME. I KNOW YOU HAVE BEEN SPEAKING FOR OVER AN HOUR SAYING YOU ARE NOT AT FAULT, YOU ARE NOT THE RESPONSIBLE PARTY, NOTHING TO DO WITH THE G.S.E.'S, FANNIE MAE AND FREDDIE MAC AND IT'S ALL THE REPUBLICANS' FAULT. WE ARE NOT HERE TO POINT BLAME WHEN YOU SAID, LET'S ROLL THE DICE D SEE WHAT HAPPENS. WE'RE NOT HERE TO POINT BLAME AT YOU WHEN YOU SAID REPEATEDLY IN THE PAST THAT THERE'S NOT A SYSTEMIC RISK WITH THE G.S.E.'S. WE ARE HERE WHERE THE AMERICAN PUBLIC IS TO LOOK FORWARD TO SEE WHAT WE CAN DO NOW WITH THE CRISIS THAT WE'RE IN AND I RISE TODAY WITH A MESSAGE FROM THE AMERICAN PEOPLE AND THAT THEY ARE SIMPLY TIRED OF POINTING BLAME AND THEY ARE TIRED OF THE HOLLOWED PROMISE OF REFORM BY SPEAKER PELOSI AND THE DEMOCRATIC MAJORITY. THEY'RE TIRED OF HEARING THAT FANNIE MAE AND FREDDIE MAC ARE PROJECTED TO COST THE TAXPAYERS UPWARDS OF $389 BILLION. SO THEY'RE PROBABLY A LITTLE BIT SHOCKED TO HEAR YOU SAY IT WILL NOT COST THE AMERICAN PUBLIC ANYTHING. WE KNOW IT WILL COST IN THE PAST UPWARDS -- FOR PAST ACTIONS $389 BILLION AND GOING FORWARD, O KNOWS EXACTLY WHAT IT WILL COST THE AMERICAN TAXPAYERS. Y KNOW, SINCE TAKING OVER FANNIE MAE AND FREDDIE MAC, THE TWO GOVERNMENT SPONSORED MORTGAGE-BACKED COMPANIES, AMERICAN TAXPAYERS HAVE SPENT SO FAR $145 BILLION FOR THESE TWO COMPANIES. AND YET -- AND HERE'S THE IMPORTANT POINT. THIS IS WHAT WE'RE TRYING TO MAKE HERE. CONGRESS STILL HAS NOT HAD ANY PROPOSALS WHATSOEVER TO REFORM THESE COMPANIES AND RECOUP THE TAXPAYER DOLLARS. WE'RE ABOUT TO GO INTO CONFERENCE AND THE IS NOTHING IN THE SENATE OR THE HOUSE BILLS THAT DEAL WITH THAT SITUATION. WE ON THE OTHER HAND IN THIS YOUCUT PROPOSAL THAT'S ON THE FLOOR RIGHT NOW WOULD SUGGEST THAT WE CAN SAVE THE AMERICAN TAXPAYERS, HOW MUCH MONEY, UP TO $30 BILLION. LOOK, I KNOW THAT ORIGINALLY CONGRESS PUT A CAP OF $200 BILLION ON IT, AND THE ADMINISTRATION LIFTED THAT CAP AND RAISED IT UP TO $400 BILLION IT WOULD COST THE TAXPAYERS. THEN IN THE DEAD OF NIGHT ON CHRISTMAS E, 2009, THEY LIFTED THAT CAP AND WENT EVEN FURTHER AND SAID UNLIMITED OVER THE NEXT THREE YEARS WHAT IT WOULD COST THE AMERICAN TAXPAYERS TO BAIL OUT FANNIE AND FREDDIE. I KNOW THAT THE ADMINISTRATION DID ALL THAT. I ALSO KNOW THAT IT'S NOWHERE PROJECTED OR LISTED REALLY HONESTLY IN THE BUDGET THAT WE'RE STILL WAITING TO HEAR, AS THE GENTLEMAN FROM TEXAS JUST POINTED OUT. WE KNOW, ALSO, AS WE SAY, THERE IS NO PLAN FROM THE MAJORITY OR FROM THIS ADMINISTRATION TO TRY TO REIN THAT IN, TO SAVE THESE $30 BILLION, AND THAT'S WHYE COME TO THE FLOOR TO DO JUST THAT BECAUSE THE AMERICAN TAXPAYERS, AMERICAN VOTERS HAVE SAID THROUGH YOUCUT THAT THAT IS EXACTLY WHAT WE NEED TO DO. YOU KNOW, PROFESSORS HAL SCOTT FROM THE HARVARD LAW SCHOOL NOTED, HE NOTED HOW INCOMPLETE THE FINANCIAL SERVICES REGULATORY REFORM IS. FANNIE MAE AND FREDDIE MAC IS THE MOST COSTLY PART OF THE BAILOUT. THE G.S.E.'S ARE COSTING US BILLIONS AND THERE IS NO SOLUTION FROM THE WHITE HOUSE.

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  • 01:52:40 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN'S TIME HAS EXPIRED.

  • 01:52:43 PM

    THE SPEAKER PRO TEMPORE

    MEMBERS ARE REMINDED TO ADDRESS THEIR REMARKS IN DEBATE TO THE CHAIR AND…

    MEMBERS ARE REMINDED TO ADDRESS THEIR REMARKS IN DEBATE TO THE CHAIR AND NOT IN THE SECOND PERSON. THE GENTLEMAN FROM COLORADO IS RECOGNIZED.

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  • 01:52:52 PM

    MR. PERLMUTTER

    THANK YOU, MADAM SPEAKER. AND JUST REMIND THE BODY THAT WE'RE HERE ON THE…

    THANK YOU, MADAM SPEAKER. AND JUST REMIND THE BODY THAT WE'RE HERE ON THE F.H.A. BILL, THE REFORMATION OF F.H.A., WHICH MY FRIENDS HAVE APPLAUDED. THAT'S WHAT WE'RE HERE TO REALLY TALK ABOUT, SAVINGS OF $2.5 BILLION, MORE ACCOUNTABILI FROM F.H.A. WHICH HAS HAD TO FILL A VACUUM IN THE HOUSING MARKET BECAUSE OF THE LOSS OF SO MANY LENDERS WHO GOT SO INVOLVED WITH SUBPRIME LOANS. SO I'D ALSO SAY TO MY FRIEND, MR. GARRETT, MADAM SPEAKER, THAT I THINK THAT SOMETIMES IF YOU TAKE A LOOK AT THE PAST ACTIONS THAT WE SAW UNDER THE REPUBLICAN PARTY AND THEIR FAILURE TO REIN IN FANNIE MAE AND FREDDIE MAC, REIN IN A WALL STREETHAT WAS OUT OF CONTROL, CUT TAXES AND NOT PAY FOR WARS, THAT GIVES YOU AN IDEA OF WHAT THEY MAY BE DOING IN THE FUTURE. AND THAT'S WHAT THE PEOP OF THIS COUNTRY WANT TO HAVE AN IDEA OF WHAT TO EXPECT AND LOOK BACK AT THE PAST ACTIONS, I WOULD SAY, GIVES YOU A GOOD INDICATION. WITH THAT I YIELD TWO MINUTES TO MY FRIEND FROM TEXAS, MS. JACKSON LEE.

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  • 01:54:07 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEWOMAN FROM TEXAS IS RECOGNIZED FOR TWO MINUTES.

  • 01:54:10 PM

    MS. JACKSON LEE

    MY GOOD FRIEND IS ABSOLUTELY RIGHT, WE'RE HERE TODAY TO TALK ABOUT THE…

    MY GOOD FRIEND IS ABSOLUTELY RIGHT, WE'RE HERE TODAY TO TALK ABOUT THE REFORM OF F.H.A. AND TO REALLY GIVE RELIEF TO THE BORROWERS WHO WILL HAVE THE ABILITY TO SEE THE CURRENT CAP ON MORTGAGE INSURANCE PREMIUMS INCREASED AND GENERALLY GIVE OPPORTUNITY FOR AMERICANS TO MAKE WHOLE AND MAKE GOOD ON THE HOMEBUYERS MARKET, TO GET BACK INTO THE MARKET. THE SUBPRIME DEBACLE, THE WHOLE FORECLOSURE DEVASTATION, TRAGEDY HAPPENED ON THE LAST ADMINISTRATION'S CLOCK. THE REPUBLICANS' ADMINISTRATION'S CLOCK. SO I WONDER WHEN WE'RE STANDING HERE TRYING TO HELP NEW HOMEBUYERS GET INTO THE MARKET, WORK WITH THE REAL ESTATE INDUSTRY AND MAKE PEOPLE HOME, THERE SEEMS TO BE AN OPPOSITION. THE WHOLE G.S.E. REFORM WAS SOMETHING THAT COULD HAVE BEEN DONE UNDER THE LAST ADMINISTRATION'S CLOCK, BUT THEY WANTED TO TAKE A SLEDGEHAMMER AND AXE AND DESTROY THE NDS OF RESOURCES TO GET INTO A HOME. I SUPPORT THIS BILL, H.R. 5072, THE F.H.A. REFORM ACT, BECAUSE IT WILL ALLOW AMERICANS TO BUY HOMES, GIVE THEM THE INSURANCE PREMIUMS THAT THEY NEED AND TO GET US BACK ON TRACK. THIS IS A RIGHT DIRECTION. LET'S KEEP GOING FORWARD TO HELP AMERICA STAY STRONG. I YIELD BACK.

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  • 01:55:27 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEWOMAN YIELDS BACK. THE GENTLEMAN FROM TEXAS.

  • 01:55:31 PM

    MR. SESSIONS

    LIKE TO YIELD TWO MINUTES TO THE GENTLEWOMAN,

  • 01:55:36 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEWOMAN IS RECOGNIZED FOR TWO MINUTES.

  • 01:55:39 PM

    MRS. BIGGERT

    THANK YOU, MADAM SPEAKER. AND I RISE TODAY ON BEHALF OF THOUSANDS OF…

    THANK YOU, MADAM SPEAKER. AND I RISE TODAY ON BEHALF OF THOUSANDS OF AMERICANS WHO THROUGH YOUCUT HAVE OVERWHELMINGLY ASKED THAT CONGRESS ADDRESS ONE OF THE MOST EGREGIOUS EXAMPLES OF WAINGTON'S FISCAL IRRESPONSIBILITY, THE ONGOING BAILOUT OF FANNIE MAE AND FREDDIE MAC. THESE TWO FAILED MORTGAGE GIANTS DIRECTLY FUELED THE FINANCIAL TURMOIL THAT HAS COST MILLIONS OF AMERICANS THR JOBS, THEIR SAVINGS AND THEIR HOMES. ALREADY BAILOUTS OF FANNIE AND FREDDIE HAVE COST TAXPAYERS $145 MILLION WITH A FINAL TAB ESTIMATED TO REACH OVER $380 BILLION, MORE THAN THE ENTIRE TARP BAILOUT. DESPITE THESE ALARMING FACTS, THE DEMOCRAT OVERHAUL PROPOSAL DESIGNED TO ADDRESS THE FINANCIAL CRISIS COMPLETELY IGNORE THE TWO MOST VISIBLE AND COSTLY CONTRIBUTORS TO THE CRISIS. MADAM SPEAKER, THERE ARE TWO 800-POUND GORILLA NAMED FANNIE AND FREDDIE IN THIS ROOM. THEY ARE RESPONSIBLE FOR OVER $5 TRILLION FOR OUTSTANDING LIABILITIES, AND THEY ARE NOW OWNED BY THE TAXPAYERS. THE AMERICAN PEOPLE CANNOT AFFORD THE RISK, AND THEY ARE TIRED OF WATCHING CONGRESS FAIL TO ACT. TODAY WITH THE SUPPORT OF OVER THOUSANDS OF YOUCUT PARTICIPANTS, WE HAVE AN OPPORTUNITY TO SAVE TAXPAYERS $30 MILLION -- $30 BILLION OR MORE BY TAKING IMMEDIATE ACTION TO REFORM THE FAILED MORTGAGE GIANTS. I URGE MY COLLEAGUES TO VOTE AGAINST THE BAILOUTS AND SHOW THE AMERICAN PEOPLE THAT CONGRESS IS LISTENING. I YIELD BACK.

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  • 01:57:17 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEWOMAN YIELDS BACK THE BALANCE OF HER TIME. THE GENTLEMAN FROM…

    THE GENTLEWOMAN YIELDS BACK THE BALANCE OF HER TIME. THE GENTLEMAN FROM COLORADO IS RECOGNIZED.

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  • 01:57:23 PM

    MR. PERLMUTTER

    I'D ASK THE SPEAKER HOW MUCH TIME I HAVE LEFT AND HOW MUCH TIME MR.…

    I'D ASK THE SPEAKER HOW MUCH TIME I HAVE LEFT AND HOW MUCH TIME MR. SESSIONS HAS LEFT AND I'D ASK MY FRIEND HOW MANY SPEAKERS HE HAS LEFT.

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  • 01:57:32 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM COLORADO HAS 15 MINUTES. THE GENTLEMAN FROM TEXAS HAS…

    THE GENTLEMAN FROM COLORADO HAS 15 MINUTES. THE GENTLEMAN FROM TEXAS HAS 10 1/2. AND THE GENTLEMAN FROM TEXAS IS RECOGNIZED.

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  • 01:57:40 PM

    MR. SESSIONS

    IF I COULD ANSWER HIS QUESTION FIRST, MADAM SPEAKER.

  • 01:57:43 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM TEXAS.

  • 01:57:46 PM

    MR. SESSIONS

    AT YOUR QUESTION HOW MANY MORE SPEAKERS, I HAVE THREE OR MORE SPEAKERS.

  • 01:57:52 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM COLORADO.

  • 01:57:56 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM COLORADO RESERVES. THE GENTLEMAN FROM TEXAS IS…

    THE GENTLEMAN FROM COLORADO RESERVES. THE GENTLEMAN FROM TEXAS IS RECOGNIZED.

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  • 01:58:00 PM

    MR. SESSIONS

    THANK YOU VERY MUCH, MAD SPEAKER. MADAM SPEAKER, AT THIS TIME I'D LIKE TO…

    THANK YOU VERY MUCH, MAD SPEAKER. MADAM SPEAKER, AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE GENTLEWOMAN FROM CHARLESTON, WEST VIRGINIA, MRS. CAPITO.

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  • 01:58:07 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEWOMAN FROM WEST VIRGINIA IS RECOGNIZED FOR THREE MINUTES.

  • 01:58:11 PM

    MRS. CAPITO

    THANK YOU, MADAM SPEAKER. I'D LIKE TO THANK MR. SESSIONS FROM TEXAS, AND…

    THANK YOU, MADAM SPEAKER. I'D LIKE TO THANK MR. SESSIONS FROM TEXAS, AND I'D LIKE TO THANK MR. FRANK, THE CHAIRMAN OF OUR COMMITTEE, FOR THE WORK THAT WE'VE DONE ON THE UNDERLYING BILL, THE F.H.A. REFORM BILL. IT IS AN IMPORTANT BILL AND WE'LL DEBATE THAT AND TALK ABOUT THAT QUITE A BIT THROUGH THE NEXT TWO DAYS. WHAT I'VE HEARD OVER THE LAST WEEK WHEN I WAS HOME FOR DISTRICT WORK PERIOD IS THAT PEOPLE ARE REALLY CONCERNED ABOUT THE SPENDING AND OVERSPENDING THAT'S GOING ON HERE IN WASHINGTON. FOLKS IN WEST VIRGINIA ARE TIGHTENING THEIR BELTS AND MAKING DIFFICULT DECISIONS BUT THEY DON'T SEE THAT HAPPENING HERE IN WASHINGTON. AND RIGHT TODAY WE HAVE BEFORE US IN THIS PREVIOUS QUESTION VOTE WE ARE GOING TO HAVE AN OPPORTUNITY TO MAKE A CUT IN GOVERNMENT. IT MAKES A LOT OF SENSE, AND OVER 315,000 AMERICANS HAVE VOTED TO PERFORM THIS CUT ON GOVERNMENT SPENDING BY VOTING TO REFORM FANNIE AND FREDDIE. WE ESTIMATE THAT WE COULD SAVE APPROXIMATELY $30 BILLION OVER 10 YEARS. THAT'S SIGNIFICANT BY ENDING SOME OF THE GOVERNMENT CONSERVATORSHIP, SHRINKING THEIR PORTFOLIOS OF FANNIE AND FREDDIE, ESTABLISHING MINIMUM CAPITAL STANDARDS, AND BRINGING TANS PEARNSY TO TAXPAYER EXPOSURE. -- TRANSPARENCY TO TAX PEAR EXPOSURE. -- TAXPAYER EXPOSURE. AS WE HEARD FROM MR. GARRETT FROM NEW JERSEY, THAT IS LIMITLESS HOW FAR THAT CAN GO. ONE OF THE THINGS I DON'T THINK TAXPAYERS REALIZE WHEN THEY MADE THIS VOTE ON YOUCUT WAS THAT RECENTLY THE TREASURY DEPARTMENT AND THE FEDERAL HOUSING FINANCE AGENCY APPROVED COMPENSATION PACKAGES FOR THE CHIEF EXECUTIVE OFFICERS OF FANNIE AND FREDDIE OF $6 MILLION EACH, INCLUDING $2 MILLION INCENTIVE PAYMENTS FOR EACH EXECUTIVE. THESE COMPENSATION LEVELS ARE 30 TIMES THAT OF THE CABINET SECRETARY, AND THEY WERE APPROVED FOR ENTITIES THAT ARE OWNED BASICALLY BY THE TAXPAYERS AND ENTITIES THAT ARE BORROWED LARGE SUMS FROM THE TAXPAYERS. I THNK BY THIS YOUCUT VOTE WHAT AMERICANS ARE SAYING IS ENOUGH IS ENOUGH. AND WE'VE HEARD A LOT ABOUT THE PAST AND WHOSE FAULT IT IS, QUITE FRANKLY, OVER THE PAST WEEK. I DIDN'T HEAR ANYBODY WANTING TO CAST BLAME. THEY WANTED PEOPLE TO SOLVE PROBLEMS. THAT'S WHAT THEY SENT US HERE TO WASHINGTON TO DO, AND WE LOOK FORWARD TO SOLVE THESE PROBLEMS. SO AS WE ALL KNOW, BOTH REPUBLICANS AND DEMOCRATS, LOTS OF TIMES THE AMERICAN PEOPLE ARE AHEAD OF US IN THEIR THINKING AND IN THEIR COMMONSENSE SOLUTIONS AND ONE OF THEM IS THIS YOUCUT PROPOSAL BEFORE US TODAY, WHICH WILL GIVE US AN OPPORTUNITY TO PUT THEIR VOICES BEFORE US AND FOR US TO GIVE THEM A SIGN OF APPROVAL THAT, YES, $30 BILLION FROM FANNIE AND FREDDIE TO SAVE GOVERNMENT MONEY, TO ALSO END THE CONSERVATORSHIP OF FANNIE AND FREDDIE. THAT'S ANOTHER THING I HEAR IN TOWN HALL MEETINGS ACROSS THE DISTRICT, PEOPLE DON'T KNOW WHO FANNIE OR FREDDIE ARE. . THEY ARE COSTING AMERIN TAXPAYERS DOLLARS EVERY DAY TO THE TUNE OF $145 BILLION IN TOTAL. SO WITH THAT I WOULD ASK THAT WE VOTE YES ON THIS YOUCUT PROPOSAL. IT MAKES GOOD COMMON SENSE.

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  • 02:01:19 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM COLORADO IS RECOGNIZED.

  • 02:01:21 PM

    MR. PERLMUTTER

    THANK YOU. I'D REMIND MY FRIEND FROM WEST VIRGINIA, AND I A APPRECIATE…

    THANK YOU. I'D REMIND MY FRIEND FROM WEST VIRGINIA, AND I A APPRECIATE THAT $30 BILLION OVER 10 YEARS, TAKE A LOOK AT THEIR PROPOSITION, IT'S FOR ANOTHER BILL FOR ANOTHER DAY. WE ARE DEALING WITH F.H.A. WHICH SAVES $2.5 BILLION TODAY. ALSO I WOULD REMIND HER, MADAM SPEAKER, THAT OVER THE COURSE OF THIS YEAR ANDAST YEAR, STARTED DRAWING DOWN IN IRAQ, WHICH WAS COSTING THIS COUNTRY UPWARDS OF $100 BILLION A YEAR, NOT $30 BILLION OVER 10 YEARS, $100 BILLION A YEAR NOT PAID FOR BY THE BUSH ADMINISTRATION. AS WE DRAW DOWN FROM 160,000 TROOPS TO SOME 50,000 OR 40,000 TROOPS THIS SUMMER, WE ARE GOING TO SAVE FAR MORE MONEY THAN THE REPUBLICANS AND THIS FANNIE MAE PROPOSAL PROJECT. SO WITH THAT I YIELTWO MINUTES TO MY FRIEND FROM MASSACHUSETTS TO RESPOND TO SOME OF THE THINGS MY FRIEND FROM WEST VIRGINIA SAID.

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  • 02:02:23 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM MASSACHUSETTS IS RECOGNIZED FOR TWO MINUTES. MR. FRANK…

    THE GENTLEMAN FROM MASSACHUSETTS IS RECOGNIZED FOR TWO MINUTES. MR. FRANK CLO --

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  • 02:02:29 PM

    MR. FRANK

    THE GENTLEMAN FROM TEXAS.

  • 02:04:36 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM TEXAS.

  • 02:04:38 PM

    MR. SESSIONS

    APPRECIATE THAT, MR. SPEAKER. MR. SPEAKER, AT THIS TIME I'D LIKE TO ELD…

    APPRECIATE THAT, MR. SPEAKER. MR. SPEAKER, AT THIS TIME I'D LIKE TO ELD TWO MINUTES TO THE GENTLEWOMAN, FORMER MAYOR OF CHARLOTTE, NOR CAROLINA, NOW A MEMBER OF CONGRESS, MRS. MYRICK.

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  • 02:04:48 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEWOMAN FROM NORTH CAROLINA IS RECOGNIZED.

  • 02:04:51 PM

    MRS. MYRICK

    YOU, MR. SPEAKER. THANK YOU FOR YIELDING. THE AMERICAN PEOPLE GET IT. THEY…

    YOU, MR. SPEAKER. THANK YOU FOR YIELDING. THE AMERICAN PEOPLE GET IT. THEY UNDERSTAND FANNIE MAE AND FREDDIE MAC NEED TO BE REFORMED. BUT -- THE FEDERAL GOVERNMENT HAS SPENT AS YOU HEARD OVER AND OVER $145 BILLION IN TAXPAYER DOLLARS TO DROP UP THESE TWO GOVERNMENT ENTITIES. AND THROUGH YOUCUT THE AMERICAN PEOPLE HAVE VOTED TO SHRI THE PORT YOLE FOES OF FANNIE AND -- PORTFOLIOS OF FANNIE AND FREDDIE. AND THEY DEMAND TRANSPARENCY, SOMETHING THAT'S BEEN MISSING FOR A LONG TIME IN FEDERAL GOVERNMENT, RELATIVE TO SPENDING. THE CONGRESSIONAL BUDGET OFFICE ESTIMATES THAT THESE CHANGES WILL SAVE UP TO 30 BILLION TAXPAYER DOLLARS. AND IT'S NO SECRET, WE CAN'T KEEP SPENDING MONEY THAT WE DON'T HAVE. THE AMERICAN PEOPLE KNOW THIS AND THEY HAVE GOO YOUCUT TO CAST HUNDREDS THOUSANDS OF VOTES OVER THE LAST THREE WEEKS TO DEMAND TO CUT RECKLESS SPENDING OUT OF OUR BUDGET. WE NEED TO DO WHAT WE WERE SENT TO D.C. TO DO AND THAT'S VOTE FOR THE WISHES OF THE PEOPLE THAT WE REPRESENT BACK HOME. AND A VOTE TO REFORM FANNIE AND FREDDIE IS A VOTE TO SAVE THE AMERICAN PEOPLE, TAXPAYER $0 BILLION. I YIELD BACK, MR. SPEAKER.

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  • 02:06:06 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEWOMAN YIELDS BACK. THE GENTLEMAN FROM COLORADO.

  • 02:06:11 PM

    MR. PERLMUTTER

    HE GENTLEMAN FROM COLORADO HAS 12 MINUTES. THE GENTLEMAN FROM TEXAS HAS 6…

    HE GENTLEMAN FROM COLORADO HAS 12 MINUTES. THE GENTLEMAN FROM TEXAS HAS 6 1/2 MINUTES. THE GENTLEMAN FROM COLORADO.

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  • 02:06:25 PM

    MR. PERLMUTTER

    TO RESERVE. THE GENTLEMAN FROM COLORADO. THE GENTLEMAN FROM TEXAS.

  • 02:06:29 PM

    MR. SESSIONS

    THANK YOU, MR. SPEAKER. AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO…

    THANK YOU, MR. SPEAKER. AT THIS TIME I'D LIKE TO YIELD THREE MINUTES TO THE GENTLEMAN FR WHEATON, ILLINOIS, MR. ROSKAM.

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  • 02:06:36 PM

    THE SPEAKER O TEMPORE

    THE GENTLEMAN FROM ILLINOIS IS RECOGNIZED FOR THREE MINUTES.

  • 02:06:38 PM

    MR. ROSKAM

    THANK YOU, MR. SPEAKER. I THANK THE GENTLEMAN FOR YIELDING. I CAM HERE TO…

    THANK YOU, MR. SPEAKER. I THANK THE GENTLEMAN FOR YIELDING. I CAM HERE TO THE FLOOR A COUPLE MINUTES AGO AND I THOUGHT SURELY I'M NOT GOING TOHEAR AND SEE THE TIRED OLD SYMBOLIC SHOW PONY OF GEORGE W. BUSH AND HIS ADMINISTRATION BEING TROTTED OUT IN THIS CHAMBER ONCE AGAIN, BUT I WASN'T DISAPPOINTED. IT JUST AMAZES ME, MR. SPEAKER, AT THE LACK OF CREATIVITY AND FORWARD THINKING AND PROBLEM SOLVING THAT WE SEE ANIMATED ON THE OTHER SIDE OF THE AISLE THAT ALL THEY CAN DO IS LOOK IN THIS REAR-VIEW MIRROR AND WRING THEIR HANDS AND MOAN AND GROWN AND SAY IT'S GEORGE W. BUSH'S FAULT. I THINK THE AMERICAN PUBLIC IS JUST TIRED OF THAT. I THINK THE AMERICAN PUBLIC ISN'T PERSUADED BY IT. I OFFERED AN AMENDMENVERY STRAIGHTFORWARDLY LAST NIGHT, IT WAS OFFERED BY MR. SESSIONS OF TEXAS, IN THE RULES COMMITTEE, THAT WOULD HAVE SAID A VERY SIMPLE THING. ULD HAVE SAID, IF YOU ARE RUNNING FANNIE AND FREDDIE, IF YOU ARE AN EMPLOYEE OF FANNIE AND FREDDIE, NEW RULES. AND THE NEW RULE IS YOU ARE NOT GOING TO MAKE ANY MORE THAN YOU'RE GOING TO MAKE THAT WE PAY THE CHAIRMAN OF THE JOINT CHIEFS OF STAFF. NOT PARTICULARLY CONTROVERSIAL. NOT PARTICULARLY GROUNDEAKING. BUT IT MAKES A LOT OF SENSE. WHY IN THE WORLD -- IF THE MAJORITY HAS NOW FOUND ITS ROBUST DESIRE TO TRUNCATE COMPENSATION, WHY IN THE WORLD WOULDN'T WE FOCUS IN -- I'LL YIELD IN A MINUTE. WHY IN THE WORLD WOULDN'T WE FOCUS IN ON THIS AREA THAT WE TEND TO AGREE WITH? AND FRANKLY THE ARGUMENT -- THESE ENTITIES ARE NO LONGER LOSING MONEY, I THINK, IS NOT PERSUADING THE CITIZENS OF THE SIXTH DISTRICT. I SEE THE CHAIRMAN WANTS TO BE RECOGNIZED.

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  • 02:08:30 PM

    MR. FRANK

    FACT IS THEY ARE NOT LOSING MONEY. THE FACT IS UNCONTESTED IT'S NOT LOSING…

    FACT IS THEY ARE NOT LOSING MONEY. THE FACT IS UNCONTESTED IT'S NOT LOSING MONEY. C.B.O. TALKS ABOUT PAST DEBTS. THE OTHER QUESTION, ABOUT A YEAR AGO OR MORE, THE COMMITTEE ON FINANCIAL SERVICES -- MR.

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  • 02:08:48 PM

    MR. ROSKAM

    YOU MADE THAT ARGUMENT EARLIER. I LEARNED TO MR. FRANK'S SCHOOL OF FLOOR…

    YOU MADE THAT ARGUMENT EARLIER. I LEARNED TO MR. FRANK'S SCHOOL OF FLOOR MANAGEMENT AND LEARNED WELL. RECLAIMING MY TIME. MR. SPEAKER, HERE WAS THE OPPORTUNITY FOR THE MAJORITY TO SAY WE ARE GOING TO FOCUS IN ON THIS. WE ARE NOT GOING TO PUT UP WITH ANYMORE NONSENSE OF SPENDING $145 BILLION. AND THE PRICE TAG IS UP TO $400 BILLION AND RISING. WE KNOW WHAT WE NEED TO DO HERE, MR. SPEAKER. WE KNOW WHEN TO DO IT. AND I URGE US TO BE LIKE-MINDED IN STOPPING THIS APPROACH THAT THE MAJORITY HAS AND A COMPLETE FAILURE TO DEAL WITH FANNIE AND FREDDIE IN A RESPONSE WAY IN MY VIEW AND NOT SUPPORT THE MOTION. ELD BACK.

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  • 02:09:29 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM CORADO.

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  • 02:09:32 PM

    MR. PERLMUTTER

    THANK YOU, MR. SPEAKER. ALSO SOMETIMES YOU HAVE TO REMIND PEOPLE FROM TIME…

    THANK YOU, MR. SPEAKER. ALSO SOMETIMES YOU HAVE TO REMIND PEOPLE FROM TIME TO TIME ABOUT WHAT HAPPENED IN THE PAST BECAUSE IT'S IMPORTANT. HISTORY IS IMPORTANT. AND I'D REMIND MY FRIEND FROM ILLINOIS THAT THERE WAS AN EFFORT TO REFOR FANNIE MAE AND FREDDIE MAC WHEN IT WAS PURCHASING A LOT OF LOUSY LOANS THAT RESULTED IN THESE LOSSES. BUT INSTEAD WHAT DID THE REFORMING OF FANNIE MAE AND FREDDIE MAC GET BACK WHEN YOU COULD HAVE STOPPED THESE LOSSS? THE ONE FINGER SALUTE FROM THE REPUBLICAN WHITE HOUSE THAT FOR SOME REASON OR ANOTHER DID NOT WANT TO REFORM FANNIE MAE AND FREDDIE MAC. I GOT TO TELL YOU MR. OXLEY BY GIVING THAT STATEMENT, WE GOT A ONE FINGER SALUTE, WHEN HE MADE HIS STATEMENT ON SEPTEMBER 9, 2008, HE DESCRIBED PERFECTLY WHAT THE WHITE HOUSE WANTE TO DO WITH FANNIE MAE AND FREDDIE MAC. THE WHITE HOUSE AT THAT POINT UNDER THE BUSH ADMINISTRATION JUST LET'S BUY OUT THESE LOUSY LOANS. LET'S JUST KEEP IT GOING. AND THE AMERICAN PEOPLE AND DEMOCRATIC CONGRESS AND THE DEMOCRATIC ADMINISTRATION ARE HAVING TO PICK UP THE PIECES NOW FROM THAT IMPRUDENT, IMPROPER APPROACH TO HOUSING FINANCE. WE WANT PEOPLE TO HAVE HOMES THAT THEY CAN AFFORD IN THIS COUNTRY. THEY CAN'T AFFORD THEM, THEN, OK, THEY DON'T GET THEM. THE F.H.A. BILL THAT'S BEFORE THE HOUSE TODAY PROVIDES IN A PROPER AND PRUDENT WAY INSURANCE FOR THOSE HOME PURCHASES TO PEOPLE WHO CAN AFFORD AND CAN SHOW THEIR ABILITY TO MAKE THESE PAYMENTS. THAT'S THE PURPOSE OF THE BILL TODAY. MY FEND ON THE OTHER SIDE WANT TO TALK ABOUT SOME OTHER THING THAT THEY DIDN'T DO THREE OR FOUR YEARS AGO. AND I REFER -- I YIELD 30 SECONDS TO MY FRIEND FROM MASSACHUSETTS.

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  • 02:11:33 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM MASSACHUSETTS.

  • 02:11:35 PM

    MR. FRANK

    I JUST WANT TO TALK ABOUT THE PAST THE GENTLEMAN FROM ILLINOIS IS SO…

    I JUST WANT TO TALK ABOUT THE PAST THE GENTLEMAN FROM ILLINOIS IS SO DESPERATE TO COVER UP. THE HOUSE VOTED ON A BILL THAT WOULD HAVE LIMITED COMPENSATION TO FANNIE MAE AND FREDDIE MAC EXECUTIVES A YEAR AGO. IT WAS NOT ANOTHER CORPORATION. IT WAS ON TARP RECIPIENT FREDDIE MAC AND FANNIE MAE AND THE GENTLEMAN VOTED AGAINST IT. IF WE HAD BEEN ABLE TO GET THAT BILL THROUGH, WE WOULD HAVE ELIMINATED THESE. SO THE GENTLEMAN OFFER A YEAR AGO, I KNOW THAT'S HISTORY, LET'S NOT TALK ABT HISTORY, PARTICULARLY WHEN IT DOESN'T REFLECT WELL ON HIS ARGUMENT, HE VOTED AGAINST THAT LIMITATION. 15 MORE SECONDS.

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  • 02:12:18 PM

    MR. FRANK

    MAY I ASK HOW MUCH TIME WE EACH HAVE?

  • 02:12:45 PM

    MR. PERLMUTTER

    WE EACH HAVE?

  • 02:12:50 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM COLORADHAS 9 1/4.

  • 02:12:54 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM TEXAS.

  • 02:12:58 PM

    MR. PERLMUTTER

    HAVE ANY OTHER SPEAKERS. I TAKE THAT BACK. I'D ASK MY FRIEND, MR.…

    HAVE ANY OTHER SPEAKERS. I TAKE THAT BACK. I'D ASK MY FRIEND, MR. SESSIONS, DO YOU HAVE ANY MORE SPEAKERS?

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  • 02:13:10 PM

    MR. SESSIONS

    I'LL LET THE GENTLEMAN RUN THROUGH THE LIST OF HIS SPEAKERS. I RESERVE MY…

    I'LL LET THE GENTLEMAN RUN THROUGH THE LIST OF HIS SPEAKERS. I RESERVE MY TIME.

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  • 02:13:15 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM COLORADO.

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  • 02:13:18 PM

    MR. PERLMUTTER

    YIELD FIVE NUTES TO THE GENTLEMAN FROM MASSACHUSETTS.

  • 02:13:22 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM MASSACHUSETTS IS RECOGNIZED FOR FIVE MINUTES.

  • 02:13:25 PM

    MR. FRANK

    FRIEND. AND APPRECIATE THE REVISED VIEW OF HISTORY ITSELF. FOR SOME TIME…

    FRIEND. AND APPRECIATE THE REVISED VIEW OF HISTORY ITSELF. FOR SOME TIME MY REPUBLICAN COLLEAGUES HAVE BEEN TRYING TO BLAME THOSE US WHO TRY TO EXPAND HOUSING, DECENT HOUSING, FOR THE CRISIS, INCLUDING FANNIE MAE AND FREDDIE MAC. I THINK THE RECO IS VERY CLEAR. 12 YEARS OF REPUBLICAN RULE, NO BILL BECAME LAW TO CHANGE FREDDIE MAC AND FANNIE MAE'S OPERATION. GEORGE BUSH IN 2004, EXPANDS BY HIS MANDATE, THE NUMBER OF LOW-INCOME LOANS THEY HAVE TO PURCHASE. LOBES FROM -- LOANS FROM LOW-INCOME PEOPLE. THAT'S WHY WE HAVE THE DEBT. THAT'S WHY THIS IS RELEVANT. THE DEMOCRATS TAKE POWER IN TWETCH AND WORKING WITH SECRETARY PAULSON AS HE DOCUMENTS IN HIS BOOK, HE NOTES BY THE WAY SOME REPUBLICANS WERE MAD AT HIM FOR WORKING WITH US, BUT THE RESULT WAS A GOOD BILL THAT ALLOWED HIM TO PUT FANNIE AND FREDDIE INTO CONSERVATIVESHIP. AND POSTCONSERVATIVESHIP WE HAVE NOT HAD THE PROBLEMS. IF YOU ABOLISH FANNIE AND FREDDIE TOMORROW YOU WOULDN'T SAVE A PENNY BECAUSE WE WOULD STILL HAVE THE DEBTS THAT WAS ACCRUED PRIOUSLY, UNREFORMED BECAUSE THE REPUBLICANS WOULDN'T TOUCH IT, UNREFORMED IN PART BECAUSE PRESIDENT BUSH PUSHED THEM INTO MORE LOANS, TO TALK ABOUT WHAT YOU DO IN THE FUTURE YOU HAVE TO UNDERSTAND THE SOURCE OF THE PROBLEM. THAT'S WHY WE GOT HISTORY. SO FANNIE AND FREDDIE HAVE BEEN CHANGED AND IN CONSERVATIVESHIP. THE QUESTION IS WHAT DO YOU DO NEXT? THEY HAVE PLAYED AN IMPORTANT ROLE IN HOUSING FINANCE. THEY ARE PLAYING A CONSTRUCTIVE ROLE NOW AS OPPOSED TO THE DESTRUCTIVE ROLE THEY PLAYED BEFORE. I WAS SLOW IN RECOGNIZING THAT. IT WASN'T UNTIL 2004 THAT I DID, BUT IN 2005 I JOINED MANY REPUBLICANS TO TRY TO SUPPORT A BILL UNTIL IT WAS HYDROGENED -- HIJACKED. BY BOUGHT THE FACT I VOTED AGAINST THE BILL FINALLY HAD NO IMFACT. IT PASSED THE HOUSE. IT DIED IN THE SENATE BECAUSE SENATE REPUBLICANS DIDN'T LIKE IT. SENATE DEMOCRATS OFFERED THE HOUSE REPUBLICAN BILL. LET'S TALK ABOUT GOING FORWARD. FANNIE MAE AND FREDDIE MAC ARE NOW RUN BY A CONSERVATIVE. UNFORTUNATELY THE SALARIES AREN'T CAPPED BECAUSE THE REPUBLICANS HELPED SABOTAGE A BILL WHICH WE SUPPORTED TO CAP THEIR SALARIES. BUT IT'S NOW BEING RUN IN A WAY THAT HELPS PROMOTE FINANCE AND DOES NOT HAVE THE MISTAKES OF THE PAST. THERE ARE NOT THESE PROBLEMS. THE MONEY OWED IS MONEY THAT RESULTS FROM PAST DECISIONS THAT ARE NO LONGER BEING TAKEN BECAUSE OF THE CONSERVATIVESHIP. THE QUESTION IS WHAT DO YOU DO GOING FORWARD? E NATIONAL ASSOCIATION OF REALTORS, NATIONAL ASSOCIATI OF HOME BUILDERS, EVERYBODY INVOLVED IN HOUSING FINANCE ARGUES VERY CORRECTLY, ITHINK, THAT SIMPLY HAVING FANNIE AND FREDDIE DISAPPEAR -- AGAIN, NOT THE ONLY FANNIE AND FREDDIE, THEY HAVE DISAPPEARED. THE AGENCY THAT CAUSED IT NO LOER EXISTS. . MY COLLEAGUE FROM ILLINOIS WITH A FRESH FIGURE OF SPEECH SAID THERE WERE 800-POUND GORILLAS. WELL, IF THEY ARE GORILLAS, THEY ARE DEEPLY CHAINED, THEY ARE IN CAGES AND ARE BEING FED AND QUITE DOCILE. CHANGE NEEDS TO TAKE PLACE. YOU TAKE TO TAKE ALL ASPECTS OF HOUSING FINANCE AND FIGURE OUT HOW TO DO IT GOING FORWARD. REELING AGAINST THE MISTAKES THE PAST AND THEY SAID I DON'T LIKE HISTORY BUT THEIR BILL IS A FIRM STATEMENT AGAINST THE OPERATION OF FANNIE MAE AND FREDDIE MAC BEFORE IT WAS PUT INTO CONSERVATORSHIP AND DEALS, UNFORTUNATELY, WITH DEBTS THAT WE ARE STUCK WITH. GOING FORWARD, HOW DO YOU CREATE -- UNTANGLE THE PRIVATE SHAREHOLDER CORPORATION AND A PUBLIC MANDATE TO TRY TO SUBSIDIZE HOUSING TO SOME EXTENT? WHAT AGENCY SHOULD YOU HAVE? WHAT'S THE ROLE OF THE FEDERAL HOUSING AUTHORITY AND JENNIE MAE AND THE PRIVATE SECTOR AND THE SECONDARY MARKET ENTITIES? WE NEED TO THINK ABOUT THAT. THEY HAVEN'T DONE THAT. THEIR BILL INCLUDES NOTHING TO REPLACE FANNIE MAE AND FREDDIE MAC. SO PASSING THAT BILL TOMORROW OR LAST WEEK WOULDN'T SAVE US ANYTHINBECAUSE THEIR CURRENT OPERATIONS AREN'T LONG MONEY AND IT WOULDN'T DISCHARGE US FROM THE DEBT THAT WAS OCCURRED WHEN IT WAS BEING RUN UNDER THEIR WATCH UNDER THEIR RULES. WE DO STOP THE BLEEDING BY PUTTING THEM IN A TOUGH CONSERVATORSHIP. YOU CAN READ HANK PAULSON'S BOOK AND HE TELLS YOU HOW THEY RESIST THAT AND SHARES HOW THEY FIRED THE PEOPLE AND NEW LOANS ARE GOING FORWARD THAT AREN'T THE KIND OF BAD LOANS THAT WERE MADE. AND NOW OUR JOB IS RESPONSIBLY TO TRY AND REPLACE IT. AND WHAT YOU GET FROM THE REPUBLICANS IS CONFESSION. THEY ARE VERY ANGRY AT THE FACT THAT WHEN THEY WERE RUNNING THE PLACE AND THE WHITE HOUSE AND HERE FANNIE MAE AND FREDDIE MAC ARE ABLE TO RUN UP ALL THOSE DEBTS AND THEY WEREN'T ABLE TO DO ANYTHING TO STOP IT. I DIDN'T SEE IT EARLY ON. I SAW IT -- AND I ACTED ON IT QUICKER THAN MANY OF THEM. WE HAVE NOW STOPPED THE BAD STUFF AND WE ARE NOT INCURRING LOSSES. AND THE QUESTION IS, WHAT DO YOU DO GOING FORWARD? AND THAT'S A HARDER QUESTION THAN MY REPUBLICANS ARE READY TO GRABBLE WITH. I THANK MY COLLEAGUE FROM COLORADO.

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  • 02:18:33 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN FROM TEXAS.

  • 02:18:36 PM

    MR. SESSIONS

    THANK YOU, MR. SPEAKER. I GATHER THAT THE GENTLEMAN FROM COLORADO IS NOW,…

    THANK YOU, MR. SPEAKER. I GATHER THAT THE GENTLEMAN FROM COLORADO IS NOW, BY SHAKING HIS HEAD, THROUGH WITH OTHER SPEAKERS AND I WILL GO AHEAD AND OFFER MY CLOSE. I THANK THE GENTLEMAN VERY MUCH. MR. SPEAKER, I THINK IT'S INTERESTING THAT WE BLAME GEORGE BUSH AND YET NEVER GOT A BILL TO SIGN. IT'S A PRETTY INTERESTING CONPT WHEN WE BLAME THE PRESIDENT FOR SOMETHING THAT NEVER CAME TO HIS DESK. MR. SPEAKER, REPUBLICANS CONTINUE TO OFFER COMMONSENSE SOLUTIONS TO REIN IN THE CURRENT SPENDING SPREE BY OUR CURRENT DEMOCRATIC COLLEAGUES. WE, LIKE THE ERICAN PEOPLE, WOULD LIKE TO SEE SOME TRANSPARENCY AND ACCOUNTABILITY FROM OUR ELECTED LEADERS. I ASK UNANIMOUS CONSENT TO INSERT THE TEXT OF THE AMENDMENT AND EXTRANEOUS MATERIAL IMMEDIATELY PRIOR TO THE VOTE ON THE PREVIOUS QUESTION.

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  • 02:19:25 PM

    THE SPEAKER PRO TEMPORE

    THOUT OBJECTION.

  • 02:19:27 PM

    MR. SESSIONS

    LEGISLATION BEFORE US TODAY BRINGS SOME STABILITTO THE CURRENTLY WAIVERING…

    LEGISLATION BEFORE US TODAY BRINGS SOME STABILITTO THE CURRENTLY WAIVERING HOUSING MARKET, BUT AMERICANS ARE STILL CONCERNED, AMERICA, ABOUT THE DEMOCRATIC AGENDA OF TAX -- MR. SPEAKER, ABOUT THE DEMOCRATIC HE AGENDA OF TAXING AND SPENDING. THE THREE LARGEST POLICAL ITEMS, SPEAKER NANCY PELOSI, LOST 10 MILLION AMERICAN JOBS. 10 MILLION AMERICAN JOBS STILL HANG IN THE BALANCE BASED UPON THE WHIMS OF THIS MAJORITY PARTY. MR. SPEAKER, I THINK AT INCREASING DEFICITS, INCREASING SPENDING, MORE TAXES ON BUSINESS, SHRINKING JOB NUMBERS, IT'S A SAD DAY. WE WANT TO LOOK BACK AND BLAME EVERYTHING ON GEORGE BUSH AND YET WE KNOW WHY THIS IS HAPPENING. FOR THAT REASON I ENCOURAGE A NO VOTE ON THE PREVIOUS QUESTION TO BRING SOME FISCAL SANITY AND RESTRAINT TO THIS BODY AND A NO VOTE ON THE RULE, AND I YIELD BACK THE BALANCE OF MY TIME.

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  • 02:20:30 PM

    THE SPEAKER PRO TEMPORE

    THE GELEMAN YIELDS BACK THE BALANC OF HIS TIME. THE GENTLEMAN FROM…

    THE GELEMAN YIELDS BACK THE BALANC OF HIS TIME. THE GENTLEMAN FROM COLORADO.

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  • 02:20:35 PM

    MR. PERLMUTTER

    MR. SPEAKER. I APPRECIATED THE INITIAL COMMENTS BY MR. SESSIONS AND A…

    MR. SPEAKER. I APPRECIATED THE INITIAL COMMENTS BY MR. SESSIONS AND A NUMBER OF THE OTHER REPUBLICANS ABOUT THE BILL THAT IS BEFORE US OR HOPEFULLY WILL BE BEFORE US, THE F.H.A. REFORM ACT OF 2010, WHICH IS A BILL THAT PROVIDES MORE ACCOUNTABILITY TO F.H.A., SAVES MONEY, $2.5 BILLION OVER FIVE YEARS WITH F.H.A., AND F.H.A. HAS HAD TO FILL A VACUUM LEFT BY A LOT OF THE SUBPRIME LENDERS THAT MADE LOUSY LOANS AND ARE NOW OUT OF BUSINESS. SO IT IS A SUBSTANTIAL AGENCY THAT HELPS MOVE HOUSING IN AMERICA. AND IT'S DONE IN A PRUDENT FASHION, AND THE BILL, THE REFORMS IN THE BILL MAKE IT EVEN MORE PRUDENT. NOW, MY FRIENDS ON THE OTHER SIDE WANT TO TURN IT INTO A FANNIE MAE AND FREDDIE MAC BILL, BUT THAT IS NOT WHAT'S BEFORE US. APPARENTLY THEY WANT TO DO IT BECAUSE THEY HAVE A LOT OF GUILT THAT THEY DIDN'T DO IT FIVE YEARS AGO WHEN WE COULD HAVE SAVED THIS COUNTRY $100 BILLION OR MORE. BUT IT WASN'T DONE. EVEN THE CHAIRMAN, THE REPUBLICAN CHAIRMAN OF THE HOUSE FINANCIAL SERVICES AT THAT TIME, WANTED TO SEE SOME REFORMS, BUT THE REICAN SENATE AND THE REPUBLICAN ADMINISTRATION UNDER MR. BUSH DIDN'T WANT TO. AND YOU CAN'T BE MORE DESCRIPTIVE THAN WHAT MR. OXLEY WAS WHEN HE SAID THAT E REFORMS, THE RECEPTION THAT THE REFORMS GOT FROM THE WHITE HOUSE WHEN HE SAID WE GOT A ONE-FINGER SALUTE. THAT'S ABOUT AS DESCRIPTIVE AS IT GETS. THEY DIDN'T WANT TO REFORM IT. NOW THEY WANT TO REFORM IT AND THEY WANT TO FORGET ABOUT HISTORY. WE'RE HERE, THOUGH, ON THE F.H.A. BILL. WE'RE HERE TO HELP TURN THIS ECONOMY AROUND. WE WANT TO TAKE -- TALK ABOUT CUTS. WELL, LET'S LOOK AT IRAQ. LET'S LOOK AT SOME OTHER THINGS THAT THERE MAY BE SAVINGS IN FANNIE MAE AND FREDDIE MAC OVER A PERIOD OF TIME. THERE ARE BIGGER SAVINGS ELSEWHERE, AND WE SHOULD BE LOOKING AT THOSE THINGS. BUT WE GOT TO GET THIS COUNTRY BACK TO WORK, AND THAT'S WHAT DEMOCRATS ARE DOING. UNDER THE BUSH ADMINISTRATION, THE JANUARY, 2009 -- IN JAN, 2009, WE LOST 780,000 JOBS IN THAT MONTH ALONE -- IN JANUARY, 2009, WE LOST 780,000 IN THAT MONTH ALONE. IN APRIL WE GAINED A SWING OF WELL OVER ONE MILLION JOBS PER MONTH. WE HAVE TO GET PEOPLE BACK TO WORK. WE HAVE TO WATCH SPENDING BUT WE HAVE TO GET THE REVENUE SIDE AND GET PEOPLE BACK TO WORK. WE HAVE TO HELP THEM WITH THEIR HOMES. THIS F.H.A. INSURANCE BILL PROVIDES A REASONABLE AND PRUDENT INSURER TO ASSIST WITH THE PURCHASE AND SALE OF HOMES. I URGE A YES VOTE ON THE PREVIOUS QUESTION AND ON THE RULE, AND I YIELD BACK THE BALAE OF MY TIME, AND I MOVE THE PREVIOUS QUESTION.

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  • 02:23:37 PM

    THE SPEAKER PRO TPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE QUESTION IS ON…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE QUESTION IS ON ORDERING THE PREVIOUS QUESTION ON THE RESOLUTION. THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. THE AYES HAVE IT.

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  • 02:23:51 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM TEXAS.

  • 02:23:53 PM

    MR. SESSIONS

    WITH THAT I ASK FOR THE YEAS AND NAYS.

  • 02:23:55 PM

    THE SPEAKER PRO TEMPORE

    THE YEAS AND NAYS ARE REQUESTED. ALL THOSE IN FAVOR OF TAKING THIS VOTE BY…

    THE YEAS AND NAYS ARE REQUESTED. ALL THOSE IN FAVOR OF TAKING THIS VOTE BY THE YEAS AND NAYS WILL RISE. A SUFFICIENT NUMBER HAVING ARISEN, THE YEAS AND NAYS LAID ON THE TABLE. WITHOUT OBJECTION, THE TITLE IS AMENDED.

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  • 03:21:42 PM

    THE SPEAKER PRO TEMPORE

    FOR WHAT PURPOSE DOES THE GENEMAN FROM MASSACHUSETTS RISE?

  • 03:21:45 PM

    MR. FRANK

    SPEAKER, PURSUANT TO CLAUSE 1 OF RULE 22 AND BY THE COMMITTEE ON FINANCIAL…

    SPEAKER, PURSUANT TO CLAUSE 1 OF RULE 22 AND BY THE COMMITTEE ON FINANCIAL SERVICES, I MOVE TO TAKE FROM THE SPEAKER'S TABLE THE BILL H.R. 4173 WITH THE SENATE AMENDMENTS THERETO TO AGREE WITH THE SENATE AMENDMENTS AND AGREE TO THE CONFERENCE REQUESTED BY THE SENATE.

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  • 03:22:01 PM

    THE SPEAKER PRO TEMPORE

    THE CLERK WILL REPO THE TITLE.

  • 03:22:04 PM

    THE CLERK

    TO PROVIDE FOR FINANCIAL REGULATORY REFORM TO PROTECT CONSUMERS AND…

    TO PROVIDE FOR FINANCIAL REGULATORY REFORM TO PROTECT CONSUMERS AND INVESTORS, TO ENHANCE FEDERAL UNDERSTANDING OF INSURANCE ISSUES, TO REGULATE THE OVER-THE-COUNTER DERIVATIVES MARKETS, AND FOR OTHER PURPOSES.

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  • 03:22:17 PM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, THE MOTION IS ADOPTED. FOR WHAT PURPOSE DOES THE…

    WITHOUT OBJECTION, THE MOTION IS ADOPTED. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM ALABAMA RISE?

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  • 03:22:22 PM

    >>

    MR. SPEAKER, I HAVE A MOTION AT THE DESK.

  • 03:22:25 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN WILL SUSPEND. THE HOUSE WILL BE IN ORDER. THE CLERK WILL…

    THE GENTLEMAN WILL SUSPEND. THE HOUSE WILL BE IN ORDER. THE CLERK WILL REPORT THE MOTION.

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  • 03:22:38 PM

    THE CLERK

    OF BOOM MOVES THAT THE CONFERENCE -- OF ALABAMA MOVES THAT THE CONFERENCE…

    OF BOOM MOVES THAT THE CONFERENCE -- OF ALABAMA MOVES THAT THE CONFERENCE ON THE SENE AMENDMENT TO THE BILL H.R. 4173 BE INSTRUCTED AS FOLLOWS -- ONE, TO DISAGREE TO THE PROVISIONS CONTAINED IN SUBTITLE G OF TITLE 1 OF THE HOUSE BILL. TWO, TO DISAGREE TO SECTION 202 RELATING TO THE COMMENCEMENT OF ORDERLY LIQUIDATION AND THE APPOINTMENT OF THE FEDERAL DEPOSIT INSURANCE CORPORATION AS SEAVER AND SECTION 210, RELATING TO THE POWERS AND DUTIES AT THE FEDERAL DEPOSIT INSURANCE CORPORATION AS RECEIVER OF TITLE 2 OF THE SENATE AMENDMENT. THREE, TO NOT RECORD THEIR APPROVAL AT THE FINAL CONFERENCE AGREEMENT WITHIN THE MEANING OF THE CLAUSE 12-A-4 OF HOUSE RULE 22, UNLESS SUCH AGREENT HAS BEEN MADE AVAILABLE TO THE MANAGERS AND IN ELECTRONIC, SEARCHABLE AND DOWNLOADABLE FORM FOR AT LEAST 72 HOURS PRIOR TO THE TIME DESCRIBED IN SUCH CLAUSE.

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  • 03:23:34 PM

    THE SPEAKER PRO TEMPORE

    PURSUANT TO CLAUSE OF RULE 22, THE GENTLEMAN FROM ALABAMA, MR. BACHUS, AND…

    PURSUANT TO CLAUSE OF RULE 22, THE GENTLEMAN FROM ALABAMA, MR. BACHUS, AND THE GENTLEMAN FROM MASSACHUSETTS, MR. FRANK, EA WILL CONTROL 20 MINUTES. THE CHAIR RECOIZES THE GENTLEMAN FROM ALABAMA. BEFORE HE BEGINS, THE HOUSE WILL BE IN ORDER. THE GENTLEMAN WILL SUSPEND. THE HOUSE WILL BE IN ORDER. THE GENTLEMAN FROM ALABAMA.

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  • 03:24:01 PM

    MR. BACHUS

    THANK YOU, MR. SPEAKER. THIS MOTION TO INSTRUCT DIRECTS THE CONFEREES TO…

    THANK YOU, MR. SPEAKER. THIS MOTION TO INSTRUCT DIRECTS THE CONFEREES TO INSIST THAT THIS LEGISLATION END THE POSSIBILITY OF TAXPAYER-FUNDED BAILOUTS ONCE AND FOR ALL BY STIPULATING THAT BANKRUPTCY IS THE ONLY AVAILABLE OPTION FOR LIQUID ATING A FAILED FINANCIAL FIRM. THE MOTION ALSO REQUIRES THAT THE CONFEREES AND THE PUBLIC BY EXTENSION HAVE AT LEAST 72 HOURS TO REVIEW THE CONTENTOF THE CONFERENCE REPORT BEFORE ITS INAL APPROVAL. WE'VE HEARD TIME AND TIME AGAIN THAT THE DEMOCRATS, QUOTE, RESOLUTION AUTHORITY TO WIND DOWN SYSTEMICALLY SIGNIFICANT FINANCIAL INSTITUTION ENDS THE TOO BIG TO FAIL DOCTRINE AND PROTECTS TAXPAYERS. THAT'S AN OUTRAGEOUS AND FALSE CLAIM. READ THE BILLS. BOTH THE HOUSE AND THE SENATE LET THE FDIC DO THE FOLLOWING -- LEND TO A FAILING FIRM, PURCHASE THE ASSETS OF A FAILING FIRM, GUARANTEE ITS OBLIGATIONS TO CREDITORS, TAKE A SECURITY INTEREST IN ITS ASSETS, AND EVEN SELL OR TRANSFER ASSETS THAT THE FDIC HAS ACQUIRED FROM IT. AND WHILE THE HOUSE ESTABLISHES $150 BILLION BAILOUT FUND TO PAY FOR THE RESOLUTION OF A FAILED FUND WITH AN EXTRA $50 BILLION LINE OF CREDIT WITH THE TREASURY IF THE ORIGINAL $150 BILLION IS EXHAUSTED AND CANNOT FULLY FUND THE BAILOUT, THE SENATE APPROACH IS NO BETTER. THE SENATE WOULD ALLOW THE FDIC TO POTENTIALLY PROVIDE TRILLIONS OF DOLLARS FROM THE TREASURY IN ORDER TO PAY OFF A FAILED FIRM'S CREDITORS. AND COUNTERPARTIES IN THE AFTERMATH OF ITS FAILURE WITH THE HOPES THAT THE FUNDS CAN BE RECOUPED AT SOME LATER DATE BUT ONLY A HOPE. THE SENATE BILL INSTITUTIONALIZES BACKDOOR BAILOUTS THAT HAVE SO INFURIATED THE AMERICAN PEOPLE. BY CONFERRING ON THE FDIC THE EXACT SAME TOOLS THAT WERE USED TO RESCUE THE CREDITORS OF BEAR STEARNS, A.I.G., FANNIE MAE AND FREDDIE MAC WITH A TAXPAYER PRICE TAG TODAY OF OVER $1 TRILLION. THIS WOULD CONTINUE THE MISGUIDED TOO BIG TO FAIL BAILOUTS THAT ALLOWED U.S. REGULATORS TO PAY GOLDMAN SACHS AND OTHER LARGE EUROPEAN BANKS 100 CENTS ON THE DOLLAR AT THE EXPENSE OF SMALLER INSTITUTIONS AND COMPANIES WHICH WERE CONSIDERED TOO INSIGNIFICANT OR ALL TO SAVE OR TO PAY. THE DEMOCRATS LIKE TO CALL THEIR PLAN A DEATH PANEL FOR LARGE FINANCIAL FIRMS. BUT IF YOU READ THE BILL, IN REALITY IT'S NOTHING LESS THAN A TAXPAYER-FUNDED LIFE SUPPORT TO PAY OFF THE CREDITORS OF THE FAILED INSTITUTIONS BUT NOT NECESSARILY ALL OF THE CREDITORS. THEY COULD PAY SOME OF THE CREDITORS AND LET OTHERS HANG OUT TO DRY. WE SAW THAT WITH A.I.G. AND OTHER BAILOUTS. AND DON'T FORGET THE SO-CALLED TOO BIG TO FAIL INSTITUTIONS HAVE ONLY GROWN LARGER AND MORE DOMINANT THROUGH THE REGULATOR DIRECTED TAXPAYER-FUNDED BAILOUT PROCESS, A PROCESS THIS LEGISLATION INSTITUTIONALIZES. A BETTER, MORE EQUITABLE APPROACH TO DEALING WITH FAILED NONBANK FINANCIAL INSTITUTIONS, THE ONLY WAYTO MAKE SURE TAXPAYERS ARE PROTECTED FROM PAYING FOR LOST -- PAST MISTAKES IS BANKRUPTCY, FIRST PROPOSED BY REPUBLICANS. UNLIKE THE FDIC, WHICH IS FUNNEL UNLIMITED OF TAXPAYER CASH TO FAILING FIRM'S CREDITOR AS PART OF A SO-CALLED RESOLUTION, A BANKRUPTCY COURT HAS NEED -- NEITHER THE AUTHORITY NOR THE FUNDS TO MAKE CREDITORS WHOLE. BANKRUPTCY IS AN OPEN, TRANSPARENT PROCESS ADMINISTERED ACCORDING TO CLEAR RULES, SUBTLE PREFERENCES, PREFERENCES THAT IN THIS BILL CAN BE DISREGARDED. BY CONTRAST, THE RESOLUTION AUTHORITY PROPOSED BY THE DEMOCRATS WOULD BE CARRIED OUT ENTIRELY BEHIND CLOSED DOORS WITH NO GUARANTEE OF ADEQUATE STAKEHOLDER PARTICIPATION AND PROTECTION AND WITHOUT A BANKRUPTCY JUDGE TO ENSURE A FAIR AND EQUITABLE OUTCOME. THE DEMOCRATS HAVE BEEN CAREFUL TO INCLUDE IN THEIR BILL A PROVISION THAT EXPLICITLY STATETHAT TAXPAYERS WILL BEAR NO LSES FROM THE GOVERNMENT'S EXERCISE OF RESOLUTION AUTHORITY, BUT THAT PROMISE, LIKE THE PROMISE WE HEARD IN FANNIE AND FREDDIE, IS AN EMPTY ONE, NOT WORTH THE PAPER IT IS PRINTED ON. YOU REMEMBER ON THIS FLOOR WE HEARD THE SECRETARY OF TRESURY SAY $300 BILLION THAT WILL NEVER BE USED. IT WAS USED AND ALMOST ANOTHER $1 TRILLION MORE WAS GUARANTEED. THE ONLY WAY TO ENSURE THAT THE POCKETS OF TAXPAYERS WILL NOT AGAIN BE PICKED BY WALL STREET AND GOVERNMENT BUREAUCRATS WITH THE HELP OF CONGRESS IS A COALITION WHICH SOMETIMES I REFER TO AS THE RECKLESS AND THE CLUELESS IS TO INSIST THAT FAILING FIRMS BE RESOLVED THROUGH BANKRUPTCY. IN CONCLUSION, LET ME REMIND MY COLLEAGUES THAT FOR 99.9% OF CORE COMPANIES AND ALL INDIVIDUALS WHO FIND THEMSELVES UNABLE TO MEET THEIR OBLIGATIONS ARE THEIR CREDITORS -- OR THEIR CREDITORS, BANKRUPTCY, NOT A GOVERNMENT BAILOUT, IS THE ONLY ALTERNATIVE. IT OUGHT TO BE THE ALTERNATIVE FOR FAILING TOO BIG TO SAVE CORPORATIONS AS WELL. THIS MOTION TO INSTRUCT WOULD ELIMINATE THE TOO BIG TO FAIL, TOO SMALL TO SAVE DOUBLE STANDARD IN THE DEMOCRAT BILL THAT HAS SO INFURIATED THE AMERICAN PEOPLE AND MADE -- MAKES BANKRUPTCY THE ONLY OPTION FOR THE SYSTEMICALLY SIGNIFICANT FIRM MANY OF WHICH CREATED THE CRISIS THAT OUR ECONOMY AND THE AMERICAN PEOPLE FACE TODAY. I URGE MY COLLEAGUES TO SUPPORT IT AND RESERVE THE BALANCE OF MY TIME.

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  • 03:30:33 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM ALABAMA RESERVES. THE GENTLEMAN FROM MASSACHUSETTS.

  • 03:30:39 PM

    MR. FRANK

    I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

  • 03:30:41 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED.

  • 03:30:44 PM

    MR. FRANK

    AN ELEPHANT STICK WIELDED ON THE FLOOR OF THE HOUSE. THE ELEPHANT STICK…

    AN ELEPHANT STICK WIELDED ON THE FLOOR OF THE HOUSE. THE ELEPHANT STICK REFERS TO THE MAN WHO IS WALKING AROUND THE FLOOR HERE IN WASHINGTON CARRYING A BIG STICK AND PEOPLE SAY, WHY DO YOU HAVE THAT BIG STICK? PEOPLE HE SAYS, I HAVE TO KEEP AWAY THE ELEPHANTS. PEOPLE SAY, THERE ARE NO ELEPHANTS HERE. HE SAYS, RIGHT, MY STICK WORKS. MY FRIEND FROM ALABAMA IS DETERMINED TO PREVENT FROM HAPPENING WHAT IS NOT GOING TO HAPPEN AND WHAT IS NOT AUTHORIZED IN THE BILL. IT IS TRUE, WE HAVE BAILOUTS. WHAT WE ALSO HAVE IS THE LATEST IN A SEES OF BAILOUTS AND A SERIES OF STUNNING REPUDIATIONS OF THE BUSH ADMINISTRATION FROM ITS FORMER SUPPORTERS. I BELIEVE PRESIDENT BUSH'S ADMINISTRATION WILL DO THE BEST THEY CAN WORK WEAK TOOLS AT THE TIME TO DEAL WITH THE PROBLEM. WHAT WE HAVE ARE WAYS TO AVOID THAT FROM HAPPENING. THERE WAS REFEREE TO TOO BIG TO FAIL. THEY WILL FAIL. THE QUESTION IS WILL THEIR FAILURE LEAD TO CONSEQUENCES THAT YOU SHOULD HAVE SOME ABILITY TO DEAL. WITH WE DO MODEL SOME OF THIS AFTER THE FDIC. THE FDIC, RUN BY AN ABLE APPOINTEE, A REPUBLICAN, APPOINT TO THE JOB BY PRESIDENT BUSH, HAD A MAJOR ROLE IN HELPING US DECIDE HOW TO DO THIS. IT IS TO SAY, FIRST OF ALL, THE INSTITUTIONS THAT GET TOO FAR INTO DEBT WILL DIE. MY REPUBLICAN COLLEAGUES WERE ACTUALLY RIGHT IN THE WRONG PLACE. EARLIER THIS YEAR. WHICH IS BETTER THAN THEIR USUAL AVERAGE WHEN THEY TALKED ABOUT DEATH TANLS -- DEATH PANELS. WE ARE LEGISLATING DEATH PANELS THIS YEAR BUT THEY'RE FOR FINANCIAL INSTITUTIONS, NOT ELDERLY WOMEN. WE DON'T HAVEHEM IN THE HEALTH CARE BILL, WE HAVE THEM IN THE FINANCIAL BILL. THERE IS NO TOO BIG TO FAIL INSTITUTION. SOME THINGS THAT WERE DONE WERE NOT DONE AS WELL AS THEY SHOULD HAVE BEEN. THAT'S WHY WE GO TO A FINAL CONFERENCE. TO THE EXTENT THERE ARE DISCUSSIONS THAT SOME OF THESE MIGHT SURVIVE, WE'LL CLEAN THEM OUT. THE SENATE BILL HAS SOME PROVISIONS I DON'T LIKE. 202 OF THE SENATE BILL, I HOPE TO CHANGE. ON THE OTHER HAND, THE NOTION THAT IN THIS VERY COMPLEX SYSTEM WE HAVE WITH THE DEBTS THAT ARE OUT THERE, GOING INTO BANKRUPTCY IS SIMPLISTIC. BY THE WAY IF THINK REPUBLICAN COLLEAGUES REALLY BELIEVE THAT BANKRUPTCY IS THE ONLY WAY TO DEAL WITH THESE INSTITUTIONS, THEY WOULD HAVE AN AMENDMENT OR WOULD HAVE HAD AN AMENDMENT TO DO AWAY WITH THE DISILLUSION AUTHORITY OF THE FDI -- THE DISSOLUTION AUTHORITY OF THE FDIC. WE DON'T HAVE SIMPLE BANKRUPTCY FOR BANKS, WE HAVE A PARTICULAR METHOD GIVEN THEIR IMPORTANCE IN SOCIETY AND HOW YOU WIND THEM DOWN. AS FOR THE CONFERENCE REPORT BEING OPENED, I WELCOME MY REPUBLICAN COLLEAGUES AS CONVERTS TO THE CAUSE OF OPENNESS AND INTERBRANCH NEGOTIATIONS. WHEN THE REPUBLICANS CONTROLLED THIS INSTITUTION FOR 12 YEARS AND HAD THE SENATE FOR MOST OF THAT TIME, CONFERENCES WERE SO RARE THAT I'VE HAD TO EXPLAIN TO MEMBERS WHO CAME DURING THE YEARS OF REPUBLICAN RULE HOW A CONFERENCE WORKS. NOW THEY HAVE BECOME GREAT ADVOCATES OF AN OPENNESS THEY NEVER IMPLEMENTED THEMSELVES. WE WILL HAVE A CONFEREE, WHICH I ANNOUNCED WAS MY INTENTION, LAST YEAR, LAST FALL. IT WILL BE OPEN, THINGS WILL BE PRESENTED, THEY WILL BE DEBATED THEY WILL BE SUBJECT TO AMENDMENT THEY WILL BE VOTED ON. I WAS ASKED IF THEY WERE GOING TO BE TELEVISE ARED. I AM NOT THE EDITORIAL DIRECTOR OF C-SPAN. I HOPE IT WILL BE COVERED. I HOPE TV WILL BE THERE. I HOPE IT WILL BE WIDELY COVERED. I THINK IT PROBABLY WILL BE, GIVEN THE INTEREST. WHEN THEY TALK ABOUT A 72-HOUR REQUIREMENT, I EXPECT WE WILL BEAT THAT. THE TIMETABLE I AM HOPING FOR WILL HAVE THIS BILL DONE IN A COUPLE OF WEEKS AND IT SHOULD BE REPORTED OUT IF WE CAN WORK THIS OUT BY A THURSDAY AND NOT COME TO THE HOUSE UNTIL TUESDAY WHICH IS MORE THAN 72 HOURS. ONE NEVER KNOWS WHETHER THERE WILL BE SOME EMERGENCY, WHAT MIGHT HAPPEN THIS WILL BE A FULLY DEBATED BILL SYSTEM OF THERE ARE ASPECTS OF THE INSPECTION REPORT I AGREE WITH. THERE ARE ASPECTS WITH WHICH I DISAGREE. OF COURSE, WE HAVE TO GO TO THE SENATE, THAT'S WHY INSTRUCTION MOTIONS ARE NOT BINDING. I DO DISAGREE WITH TWO POINTS. FIRST OF ALL, THE ENTIRELY INACCURATE ALLEGATION THAT THIS PERPETUATES BAILOUTS, THEY HAVE US CONFUSED WITH THE SITUATION IN 2008. I DON'T BLAME THE BUSH ADMINISTRATION FOR THE BAILOUTS, BUT SOME OF THEM COULD HAVE BEEN CONDUCTED BETTER BUT THEY DIDN'T HAVE THE TOOLS THIS GIVES THEM THE TOOLS THAT FIRST THE BUSH ADMINISTRATION AND NOW THE OBAMA ADMINISTRATION HAS ASKED FOR, NOT TO KEEP INSTITUTIONS ALIVE BUT TO PUT THEM TO DEATH IN A WAY THAT DOES NOT CAUSE GREAT PROBLEMS IN THE REST OF THE ECONOMY. THERE WILL BE NO TAXPAYER MONEY EXPENDED HERE. THAT'S ALREADY DONE. I DO NOT DOUBT THAT YEARS FROM NOW THEY'LL TAKE CREDIT FOR WHAT WE HAD ALREADY DECIDED TO DO. THE INSTRUCTION MOTION, IN OTHER WORDS IS A MIXED BAG. SOME PARTS OF IT, I HOPE WE WILL ACT ON. THE FUND OF $150 BILLION RECOMMENDED TO US, AGAIN, BY THE CHAIRWOMAN OF THE FDIC. MANY OF US THOUGHT THAT MADE SENSE. THE SENATE AND TH ADMINISTRATION WERE OPPOSED TO IT. IT WILL NOT SURVIVE THE CONFERENCE, EVERYONE KNOWS THAT, SO THAT IS GOING TO DISAPPEAR ANYWAY. SAYING YOU HAVE ONLY BANKRUPTCY AND NOTHING ELSE THAT HELPS YOU BUFFER THE CONSEQUENCES OF THE FAILURE OF THESE INSTITUTIONS AND FAILURES THEY WILL BE. THEY WILL BE FAILEDND DISSOLVED, I THINK IS RECKLESS. I PLAN TO VOTE AGAINST THE CONFERENCE -- AGAINST THE MOTION TO INSTRUCTION AND GIVEN THAT IT IS SUCH A MIXED BAG OF THINGS AN GIVEN THAT IT'S NOT BINDING, I WILL PREDICT THAT THE OUTCOME IS LIKELY TO BE VERY SIMILAR, NO MATTER HOW IT VOTES, THERE ARE SOME THINGS WE'LL DO, SOME THINGS WE HAVE TO NEGOTIATE WITH THE SENATE WE HAVEN'T GOT THE POWER TO ORDER SO I THINK THIS WILL BE USEFUL DISCUSSION BUT I WILL GO BACK TO TEST THE CENTRAL POINTS. THERE WILL BE NO TAXPAYER FUNDS AND NO INSTITUTIONS THAT DO NOT -- ARE NOT ALLOWED TO FAIL. THERE WILL BE AN EFFORT, AND IT HAS TO BE NEGOTIATED, TO WORK WITH THE SENATE SO THAT WE DO NOT SIMPLY SAY THAT THE CONSEQUENCES ARE OF NO INTEREST. I REPEAT AGAIN, THOSE WHO GENUINELY BELIEVE THAT ONLY BANKRUPTCY SHOULD BE USED HAVE MADE A MAJOR CONCESSION BY NOT APPLYING THOSE RULES TO THE BANKING SYSTEM. IF ONLY BANKRUPTCY SHOULD BE USED, THEN WHERE IS THE MOTION, WHERE WAS THE AMENDMENT DURING THE PROCESS TO CONVERT THE FDIC DISSOLUTION PROCESS ON WHICH THIS IS MODELED TO A BANKRUPTCY MODEL. I RESERVE THE BALANCE OF HI TIME.

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  • 03:38:03 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM MASSACHUSETTS RESERVES THE BALANCOF HIS TIME. THE…

    THE GENTLEMAN FROM MASSACHUSETTS RESERVES THE BALANCOF HIS TIME. THE GENTLEMAN FROM ALABAMA.

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  • 03:38:08 PM

    MR. BACHUS

    I YIELD FOUR MINUTES TO THE GENTLEMAN FROM TEXAS, MR. PAUL. OR MR.…

    I YIELD FOUR MINUTES TO THE GENTLEMAN FROM TEXAS, MR. PAUL. OR MR. HENSARLING. SORRY.

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  • 03:38:16 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR FOUR MINUTES.

  • 03:38:19 PM

    MR. HENSARLING

    THANK YOU, MR. SPEAKER. . SPEAKER, THE QUESTION BEFORE US, WITH APOLOGIES…

    THANK YOU, MR. SPEAKER. . SPEAKER, THE QUESTION BEFORE US, WITH APOLOGIES TO WILLIAM SHAKE SPAFERE TO BAIL OUT OR NOT TO BAIL OUT, THAT IS THE QUESTION. THE MOTION TO INSTRUCT BY THE RANKING MEMBER SAYS, NO MORE BAILOUTS. QUITE SIMPLY, IT CANNOT BE SAID ANY OTHER WAY. UNFORTUNATELY, WHETHER YOU'RE DEALING WITH THE HOUSE BILL OR THE SENATE BILL, THERE'S STILL -- THERE ARE STILL FIRMS THAT ARE IN THEIR VIEW TOO BIG TO FAIL. THE PHRASE USED IS SYSTEMICALLY SIGNIFICANT, STEMICALLY RISKY, BUT THEY ARE IDENTIFYING FIRMS FOR A SPECIFIC REGULATORY SCHEME AND IN THE HOUSE VERSION, AS THE DISTINGUISHED CHAIRMAN OF THE FINANCIAL SERVICES COMMITTEE POINTED OUT, HAS A PREFUNDED BAILOUT FUND. IN THE SENATE VERSION THEY DROP THEIR PREFUNDED BUT THERE'S AN INFINITE LINE OF CREDIT THAT THE FDIC CAN DRAW UPON WITH RESPECT TO THE TREASURY. AGAIN IF YOU HAVE FIRMS, MR. SPEAKER, THAT ARE TOO BIG TO FAIL, THEN YOU ARE SAYING THEY CAN'T FAIL, SO IF THEY CAN'T FAIL, THEN AT SOME POINT, YOU'RE GOING TO BAIL THEM OUT. NOW, I'VE HEARD THE DISTINGUISHED CHAIRMAN OF THE FINANCIAL SERVICES COMMITTEE, THE GENTLEMAN FROM MASSACHUSETTS, ON MANY OCCASIONS SAY, NO TAXPAYER FUNDS WILL BE USED. I HEARD HIM SAY IT SECONDS EARLIER. AND I KNOW HE BELIEVES IT AND I KNOW HE MEANS IT BUT UNFORTUNATELY, THE TRACK RECORD FOR HIM AND MANY OF HIS COLLEAGUES ON THAT SIDE OF THE AISLE, AND PREDICTABLY SUCH IS NOT VERY GOOD. THE DISTINGUISHED CHAIRMAN WAS THE SAME ONE WHO TOLD US HE DIDN'T BELIEVE THAT TAXPAYERS WOULD BE CALLED UPON TO BAIL OUT FANNIE AND FREDDIE. WELL, APPROXIMATELY $150 BILLION LATER, WE KNOW THAT FANNIE AND FREDDIE DID HAVE TO BE BAILED OUT THAT ROLLING THE DICE WAS NOT A GOOD STRATEGY. WE KNOW THAT WE WERE TOLD THESE ARE THE SAME FOLKS WHO ALSO TOLD US THAT THE NATIONAL FLOOD INSURANCE PROGRAM WOULD NEVER GO BROKE, THE CROP INSURANCE PRRAM, MEDICARE WILL NEVER GO BROKE. WE'VE HEARD IT BEFORE, MR. SPEAKER. TO SOMEHOW BELIEVE THAT ULTIMATELY TAXPAYERS WILL NOT BE CALLED UPON TO HAVE TO BAIL OUT THESE FIRMS IS ASKING US, FRANKLY TO IGNORE HISTORY AND TO SUSPEND DISBELIEF. AGAIN, IT IS TIME TO END THE BAILOUTS IN THE MOTION TO INSTRUCT -- AND THE MOTION TO INSTRUCT WOULD DO THAT. TOO BIG TO FAIL. BECOMES A SELF-FULFILLING PROPHECY. IN MANY RESPECT THE BILL OUGHT TO BE RENAMED THE PERPETUAL BAILOUT ACT OF 2010. IT AS THE WRONG SCHEME. BANKRUPTCY ISHE PROPER SCHEME. I KNOW THE CHAIRMAN HAS TOLD US, WELL, WE HAVE DEATH PANELS FOR THESE FINANCIAL FIRMS. WELL, WHAT HAPPENED ON CHRYSLER AND THEIR SO-CALLED DEATH PANELS? WE KNOW THAT WASHINGTON DECIDED TO PLAY FAVORITES. CERTAIN CREDITORS WERE BENEFITED AT THE EXPENSE OF OTHERS. UNSECURED CREDITORS, PARTICULARLY THE U.A.W., UNITED AUTOMOBILE WORKERS, SOMEHOW THEY JET TO THE FRONT OF THE LINE. SECURED CREDITORS GO TO THE BACK OF THE LINE. IT'S BEING USED, IT CREATES AVENUES FOR POLITICAL FAVORITISM IN WASHINGTON, D.C., IT WILL AGAIN LEAD TO WASHINGTON PICKING WINNERS AND LOSERS. WE KNOW HOW THIS ENDS. WE KNOW THAT A.I.G. WAS USED TO MAKE COUNTERPARTIES WHOLE. C.I.T. WAS DESIGNATE TODAY BIG TO FAIL THEY GOT BILLIONS OF DOLLARS, THEY FAILED ANYWAY, BUT IT WAS RESOLVED QUICKLY. IT IS TIME TO END THE BAILOUT THE NATION CANNOT AFFORD TO BE ON THE ROAD TO BANKRUPTCY. IT IS TIME TO END THE BAILOUTS, MR. SPEAKER. IT IS TIME TO APPROVE THIS MOTION TO INSTRUCT. I YIELD BACK THE BALANCE OF MY TIME.

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  • 03:42:32 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN'S TIME HAS EXPIRE. THE GENTLEMAN FROM ALABAMA RESERVES THE…

    THE GENTLEMAN'S TIME HAS EXPIRE. THE GENTLEMAN FROM ALABAMA RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM MASSACHUSETTS.

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  • 03:42:39 PM

    MR. FRANK

    I YIELD MYSELF SUCH TIME AS I MAY CONSUME. I WOULD LIKE TO YIELD TO ANY OF…

    I YIELD MYSELF SUCH TIME AS I MAY CONSUME. I WOULD LIKE TO YIELD TO ANY OF MY REPUBLICAN COLLEAGUES WHO CAN TELL ME WHY THEY NEVER MOVED TO REQUIRE BANKRUPTCY AS A WAY OF DEALING WITH FAILING BANKS. IF BANKRUPTCY IS THE ONLY WAY TO DO IT, WHY HAVE THE REPUBLICANS NEVER PROPOSED THAT WE SUBSTITUTE FOR THE CURRENT FDIC PROPOSAL, BANKRUPTCY? I'M USED TO BEING UNANSWERED WHEN I ASK HARD QUESTIONS. THING PROVES A POINT. THE GENTLEMAN FROM TEXAS.

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  • 03:43:09 PM

    MR. HENSARLING

    TO THE DISTINGUISHED CHAIRMAN THAT DEPOSITORS ARE DIFFERENT FROM…

    TO THE DISTINGUISHED CHAIRMAN THAT DEPOSITORS ARE DIFFERENT FROM INVESTORS. WHEN WE HAVE TAXPAYER MONEY SPECIFICALLY AT RISK, IT CALLS FOR A DIFFERENT REGIME.

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  • 03:43:18 PM

    MR. FRANK

    THE GENTLEMAN IS WRONG ABOUT THAT. YES DEPOSITORS ARE DIFFERENT THAN…

    THE GENTLEMAN IS WRONG ABOUT THAT. YES DEPOSITORS ARE DIFFERENT THAN INVESTOR, DEPOSITORS ARE INSURED. BUT WE HAVE DEPOSIT INSURANCE. IF YOU ON THE OTHER SIDE GENERALLY BELIEVE THIS, THEY WOULD PROVIDE DEPOSS SIT INSURANCE AND BANKRUPTCY. THE GENTLEMAN HAS IORRECTLY ANSWERED THE QUESTION. DEPOSIT INSURANCE TAKES CARE OF DEPOSITORS BUT THERE ARE OTHER WAYS TO REDUCE THE COST TO THE GOVERNMENT. BANKRUPTCY AND DEPOSIT INSURANCE HAS NOT BEEN THE METHOD. I'LL YIELD AGAIN.

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  • 03:43:54 PM

    MR. HENSARLING

    IS THE DISTINGUISHED GENTLEMAN SUGGESTING WE NEED DEPOSIT INSURANCE FOR…

    IS THE DISTINGUISHED GENTLEMAN SUGGESTING WE NEED DEPOSIT INSURANCE FOR FIRMS LIKE CITIGROUP AND GOLDMAN SACHS?

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  • 03:44:03 PM

    MR. FRANK

    THAT'S EVEN BY THE STANDARDS OF THIS DEBATE WHOLLY ILLOGICAL. WHAT I'M…

    THAT'S EVEN BY THE STANDARDS OF THIS DEBATE WHOLLY ILLOGICAL. WHAT I'M SUGGESTING IS THE GLARING INCONSISTENCY BETWEEN SAYING BANKRUPTCY IS THE ONLY WAY YOU PUT AN INSTITUTION OUT OF BUSINESS AND THE FAILURE TO APPLY THAT TO THE BANKING INSTITUTION. BY THE WAY, I DON'T -- I DON'T MEAN TO BE RUDE BUT THE GENTLEMAN MENTIONED CITY CORP., BUT THERE'S A BANK THERE THAT HAS DEPOSIT INSURANCE. THERE'S ANOTHER ERROR -- THERE'S ANOTHER ERROR I TRIED TWICE, THIS IS THAT THE BILL DESIGNATES INSTITUTIONS TOO BIG TO FAIL OR SYSTEMICALLY IMPORTANT. THAT'S MISLEADING AS STATED. IN FACT, THE BILL IN THE HOUSE DOES NOT DESIGNATE ANY INSTITUTION AS BEING SYSTEMICALLY IMPORTANT. THE ONLY WAY AN INSTITUTION WOULD BE DESIGNATED AS SYSTEMICALLY IMPORTANT IS IF IT WAS FOUND TO BE TROUBLED. SO THERE WOULD BE NO SITUATION IN WHICH AN INSTITUTION WOULD HAVEHAT LABEL AND GO OUT AND BE ABLE TO DO THINGS WITH IT. UNDER THE BILL WE HAVE, ONLY A FINDING THAT THE INSTITUTION IS IN DIFFICULTY TRIGGERS A SYSTEMIC IMPORTANCE DESIGNATION AND IT'S ACCOANIED WITH RESTRICTIONS ON THE INSTITUTION. IT'S EXACTLY THE OPPOSITE OF THIS BEING A BADGE TO GET MORE LOANS. IT IS PUBLICLY IDENTIFIED AS A PUBLIC INSTITUTION. THE LAST POINT I'D MAKE IS THIS. THERE'S FLOOD INSURANCE, MEDICARE A NUMBER OF THINGS, NONE OF THEM HAVE THE LANGUAGE WE HAVE IN THIS BILL THIS BILL HAS VERY SPECIFIC LANGUAGE BANNING THOSE THINGS BECAUSE WE HAVE LEARNED FROM EXPERIENCE. WE'VE LEARNED FROM THE EXPERIENCE OF 2008, WITH ALL THOSE BAILOUTS AND REMEMBER, EVERY SINGLE BAILOUT ACTIVITY WAS INITIATED BY THE BUSH ADMINISTRATION. I S THAT NOT FOR THEY ARE POLITICAL PURPOSES BUT TO ININDICATE THE DIFFICULTIES HERE. IT WAS THE PEOPLE IN THE BUSH ADMINISTRATION WHO SAID TO US, GIVE US DIFFERENT TOOLS. WE'VE GOT TO BE TO BE ABLE TO DEAL WITH PUTTING THESE INSTITUTIONS OUT OF BUSINESS BUT NOT IGNORE THE CONSEQUENCE. WITH THAT, MR. SPEAKER, I REITERATE THIS BILL PREVENTS BAILOUTS, DESIGNATES NO INSTITUTION AS SYSTEMICALLY IMPORTANT AND SAYS REGULATORS MAY STEP IN WHEN THEY FIND AN INSTITUTION TO BE TROUBLED AND IF THEY THINK THAT TROUBLED INSTITUTION CAN CAUSE DAMAGE, THEY DON'T JUST DESIGNATE IT, THEY PUT SEVERE RESTRICTIONS ON IT. IT'S EXACTLY THE OPPOSITE OF THE SUGGESTION THAT IT'S TOO BIG TO FAIL. THEY HAVE TO INCREASE CAPITAL, DECREASE ACTIVITY AND PEOPLE WILL BE TOLD IF THAT INSTITUTION DOES FAIL UNDER THE BILL, THOSE WHO HAVE INVESTED, ETC., WILL BE WIPED OUT, I RESERVE THE BALANCE OF MY TIME.

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  • 03:46:45 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM MASSACHUSETTS RESERVES THE BALANCE OF HIS TIME. THE…

    THE GENTLEMAN FROM MASSACHUSETTS RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM ALABAMA.

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  • 03:46:50 PM

    MR. BACHUS

    YOU, MR. SPEAKER. I YIELD FOUR MINUTES TO ANOTHER GENTLEMAN FROM TEXAS,…

    YOU, MR. SPEAKER. I YIELD FOUR MINUTES TO ANOTHER GENTLEMAN FROM TEXAS, MR. PAUL.

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  • 03:46:56 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN WILL SUSPEND. THE GENTLEMAN WILL SUSPEND. THE GENTLEMAN IS…

    THE GENTLEMAN WILL SUSPEND. THE GENTLEMAN WILL SUSPEND. THE GENTLEMAN IS YIELDING HOW MUCH TIME?

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  • 03:47:04 PM

    MR. BACHUS

    MINUTES. FOUR.

  • 03:47:08 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR FOUR MINUTES.

  • 03:47:11 PM

    MR. PAUL

    I THANK THE GENTLEMAN. I ASK UNANIMOUS CONSENT TO REVISE AND EXTEND MY…

    I THANK THE GENTLEMAN. I ASK UNANIMOUS CONSENT TO REVISE AND EXTEND MY REMARKS.

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  • 03:47:15 PM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION.

  • 03:47:18 PM

    MR. PAUL

    RISE IN SUPPORT OF THIS MOTION TO INSTRUCT. I THINK IT'S A GOOD IDEA THAT…

    RISE IN SUPPORT OF THIS MOTION TO INSTRUCT. I THINK IT'S A GOOD IDEA THAT WE DON'T HAVE THE TAXPAYERS BAILING OUT ERNALLY INSTITUTIONS THAT ARE BANKRUPT. BUT THIS IS AN IMPORTANT THING TO REMEMBER THAT WHEN AN ECONOMY GETS OUT OF KILTER, THE MARKETPLACE DEMANDS A CORRECTION OF THAT, THAT IS A RECESSION. WE ARE NOT HOW WE GET INTO THE EXCESSES BUT WE DO. AND UNFORTUNATELY DEBT GETS TOO HIGH AND MALINVESTMENT GETS TOO EXCESSIVE AND THE MARKET WANTS TO CORRECT IT. THIS EXCESSIVE DEBT CAN BE LIQUID ATED. IT CAN BE WRITTEN OUT BY INFLATIONARY CURRENCY D PAID OFF BY BAD MONEY OR BE LIQUID ATED BY ACTUALLY THE -- THROUGH THE BANKRUPTCY PROCESS. SO I'M IN STRONG SUPPORT OF THIS. BUT I ALSO WANT TO MAKE A POINT HERE AND A SUGGESTION TO THE CONFEREES THAT THEY PAY ATTENTION TO THE PROVISION IN THE HOUSE VERSION OF OUR BILL DEALING WITH THE FEDERAL RESERVE. AND THAT PROVISION IS CALLED H.R. 1207 WHICH DEALS WITH THE AUDITING. AND THERE'S A DIFFERENCE BETWEEN THE SENATE VERSION AND THE HOUSE VERSION, SO ALTHOUGH WE'RE NOT TALKING ABOUT THAT SPECIFICALLY, TO ME IT'S IMPORTANT, NOT FOR THE ISSUE OF OVERSIGHT AND TRANSPARENCY, BUT THERE'S ALSO AN OPPORTUNITY FOR THE FEDERAL RESERVE TO PROVIDE BAILOUT PROVISIONS FOR CERTAIN ORGANIZATIONS AS WELL. WE ARE TALKING ABOUT TAXPAYERS FUND, THE APPROPRIATED FUNDS, TARP FUNDS AND OTHERS. BUT WHEN WE COME TO EXTENDING LOANS IN A WAY THIS VERY MUCH IS A BAILOUT, SO I WOULD LIKE TO SUGGEST THAT WE LOOK AT THAT AND STAND BY THE HOUSE PROVISION. WE DO HAVE 319 CO-SPONSORS OF THIS PROVISION.

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  • 03:49:13 PM

    MR. FRANK

    THE GENTLEMAN YIELD? I CAN GUARANTEE BECAUSE THE SENATE HAS ACTED WE WILL…

    THE GENTLEMAN YIELD? I CAN GUARANTEE BECAUSE THE SENATE HAS ACTED WE WILL HAVE TOUGH PROVISIONS FOR THE FEDERAL VERVE IN THE FINAL BILL. I WILL NOTE TO MY FRIEND FROM TEXAS WHEN THEY DID A MOTION TO RECOMMIT, THEY WOULD HAVE WIPED OUT AN OLDER PROVISION. DESPITE THAT MY FRIEND FROM TEXAS TEMPORARILY ABANDONED HIS RECOMMITAL MOTION, I JOIN WITH HIM IN REVIVING IT. WE HAVE IN OUR BILL A SEVERE LIMITATION ON THIS POWER UNDER SECTION 13-3. THERE WILL NO BE NO MORE LOANS. I CONTINUE TO WORK WITH HIM TO MAKE SURE IT'S WELL DONE.

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  • 03:49:59 PM

    MR. PAUL

    I THANK THE CHAIRMAN AND I WOULD JUST LIKE TO RE-EMPHASIZE THAT IT IS THE…

    I THANK THE CHAIRMAN AND I WOULD JUST LIKE TO RE-EMPHASIZE THAT IT IS THE RESPONSIBILITY OF THE CONGRESS TO COMMIT TO OVERSIGHT OF THE FEDERAL RESERVE, SOMETHING WE HAVE BEEN DERELICT IN DOING. I THINK THE MOOD OF THIS HOUSE AND THE MOOD OF THE SENATE AND THE MOOD OF THE COUNTRY IS MORE TRANSPARENCY AND MORE OVERSIGHT. THE SENATE VERSION IS NOT ADEQUATE FOR AN AUDIT OF THE FED. SO I AM ENCOURAGED THAT WE ARE GETTING MORE ATTENTION BECAUSE ULTIMATELY IT IS NECESSARY THAT WE UNDERSTAND EXACTLY HOW THE BUSINESS CYCLE COMES ABOUT AND HOW THE FEDERAL RESERVE PARTICIPATES IN THIS BECAUSE UNDER THE CIRCUMSTANCES OF TODAY ON WHAT WE'RE DOING, WE'RE PROLONGING OUR AGONY AND SOMEDAY I WOULD HOPE TO SEE THAT OUR REINVESTIGATIONS AND NOW WE'RE TALKING -- RECESSIONS AND NOW WE'RE TALKING ABOUT DEPRESSIONS ARE SHORTENED. I HOPE THAT THE PROGRAMS WE'RE WORKING WITH TODAY ARE PROLONGING THOSE CHANGES. SO THE MOST IMPORTANT THING WE CAN DO IS MAKE SURE WE EXERT, OUR RESPONSIBILITIES HAVE OVERSIGHT OF THE FEDERAL VERVE, COMMIT TO THESE AUDITS -- RESERVE, COMMIT TO THESE AUDITS OF THE FEDERAL RESERVE AND NOT ENDORSE THE IDEA THAT THE FEDERAL RESERVE IS TOTALLY SECRET, CAN DO WHAT THEY WANT, CAN BAIL OUT OTHER COMPANIES AND BANKS AND FOREIGN GOVERNMENTS AND FOREIGN CENTRAL BANKS WITHOUT FULLY KNOWING EXACTLY WHAT THEY'RE DOING. I ONCE AGAIN THANK THE CHAIRMAN OF THE COMMITTEE FOR HIS SUPPORT FOR AUDITING THE FED. I YIELD BACK.

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  • 03:51:26 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN FROM ALABAMA RESERVES THE…

    THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN FROM ALABAMA RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM MASSACHUSETTS.

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  • 03:51:33 PM

    MR. FRANK

    MR. SPEAKER, I YIELD NOW TO THE CHAIRMAN OF THE SUBCOMMITTEE OF FINANCIAL…

    MR. SPEAKER, I YIELD NOW TO THE CHAIRMAN OF THE SUBCOMMITTEE OF FINANCIAL INSTITUTIONS, WAS PUSHING FOR THINGS LIKE THIS, SUCH TIME AS HE MAY CONSUME, THGENTLEMAN FROM PENNSYLVANIA, MR. KANJORSKI.

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  • 03:51:49 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN OM PENNSYLVANIA IS RECOGNIZED FOR AMUCH TIME AS HE MAY…

    THE GENTLEMAN OM PENNSYLVANIA IS RECOGNIZED FOR AMUCH TIME AS HE MAY CONSUME.

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  • 03:51:53 PM

    MR. KANJORSKI

    THANK YOU, MR. SPEAKER. MR. SPEAKER, I RISE MAYBE TO MAKE A SUGGESTION. I…

    THANK YOU, MR. SPEAKER. MR. SPEAKER, I RISE MAYBE TO MAKE A SUGGESTION. I KNOW IT MAY FALL ON DEAF EARS, BUT WE'RE ABOUT TO UNDERTAKE AN HISTORIC EVENT BOTH IN THIS INSTITUTION, THE CONGRESS OF THE UNITED STATES AND IN THE UNITED STATES OF AMERICA AND THAT IS TO ENACT LAWS BY DEMOCRATIC SOCIETY THROUGH THEIR ELECTED REPRESENTATIVES THAT WILL CAUSE OCCASIONS TO HAPPEN THAT MAY ACTUALLY SAVE THE ECONOMY OF THIS NATION OR THE ECONOMY OF THE WORLD. AND IT SEEMS TO ME IF THIS FIRSPREPARATION DATE WE'RE WAITING THE APPOINTMENT OF OUR CONFEREES HERE ON THE HOUSE SIDE THAT WE'RE ALREADY INDICATING THAT THEY'LL BE A POLITICAL FLAVOR TO THIS CONFERENCES OPPOSED TO AN ATTEMPT BY BOTH SIDES OF THE AISLE TO FIND WHAT IS BEST FOR AMERICA AND WHAT IS BEST FOR THE ECONOMY OF THIS COUNTRY. NOW, I SUGGEST, AND I WILL CONCEDE HAVING WORKED WITH THE CHAIRMAN AND MEMBERS ON THE OTHER SIDE, THE RANKING MEMBERS AND OTHERS FOR THESE LAST 15 OR 16 MONTHS, THAT THIS IS NOT A PERFECT BILL OR A PERFECT SOLUTION. I WISH IT WERE, BUT I THINK WE'LL ALL HAVE TO WAIT FOR ANOTHER DAY TO GET TO PERFECTION. ALL WE'RE TRAINED TO DO HERE IS TO WORK IN THE REGULAR ORDER OF THE LEGAL PROCESS TO SEE IF WE CAN MAKE CERTAIN THAT WE DON'T BRING DOWN OUR ECONOMY OR OUR GOVERNMENT OR THE WORLD'S ECONOMY OR THE WORLD GOVERNMENTS. AND THAT'S WHAT WE'RE ATTEMPTING TO DO. I'M PROBABLY AS GUILTY AS OTHERS, TOO BIG TO FAIL, AND WE TALK ABOUT THAT LIKE THAT'S AN EASILY DEFINABLE ENTITY. WELL, IN REALITY IT ISN'T. THE FACT OF THE MATTER IS SOME THINGS ARE SO INTERCONNECTED AND SO INTERTWINED AND INVOLVED IN OUR ECONOMIC SYSTEM THAT FOR ALL INTENTS AND PURPOSES THEY WOULD APPEAR NOT TO BE A RISKY ORGANIZATION, BUT THAT WHEN YOU EXAMINE THEM AND YOU SEE THE TENTACLES THAT'S SENT THROUGHOUT OUR SOCIETIES AND OTHER ORGANIZATIONS THROUGHOUT THE WORLD THAT THEIR FLURE CAN PRECIPITATE A FAILURE OF THE ECONOMIC SYSTEM OF THE WORLD. AND THAT IS THE ORGANIZATION WE KNOW AS A.I.G. YOU KNOW, AN ORGANIZATION IN EXCESS OF 100,000 PEOPLE WORKING IN TENS OF COUNTRIES AROUND THE WORLD, HAD A LITTLE ORGANIZATION IN LONDON, ENGLAND, CALLED FINANCIAL PRODUCTS, A.I.G. THOSE 400 PEOPLE WERE ABLE TO TAKE A NAME AS A.I.G., AMERICAN INTERNATIONAL INSURANCE GROUP, ANDUALITY LIES THAT TO GET IN THE -- AND UTILIZE THAT TO GET IN THE MARKET WITHOUT THE SUPPORT OF ADEQUATE ASSETS TO MEET THEIR COUNTERPARTY POSITIONS. AND WHAT HAPPENED? IT STARTED TO FAIL TO MEET ITS COUNTERPARTY POSITIONS AND IMMEDIATELY WOULD HAVE PUT AT RISK MOST OF THE MAJOR BANKS OF NOT ONLY THE UNITED STATES BUT OF THE WORLD. NOW, WHEN THAT WAS HAPPENING AND THAT OCCURRED AFTER OTHER FAILURES IN THE UNITED STATES OCCURRED, WE HAD SEVERAL CHOICES. WE COULD HAVE SAT BY AND SAY, WELL, THE MARKET WILL CURE ALL THINGS. AND I GUESS IF YOU'RE A CURIST THAT'S NOT A BAD A POSITION. I'LL CONCEDE TO THAT. I'M ONE OF THOSE PEOPLE THAT FAVOR AFFECTING THE MARKET AND TAKING ACTIONS THAT WILL IN SOME INSTANCES SHORT-CIRCUIT THE EFFECTS OF THE MARKET WHEN THE EFFECT OF THE MARKET WILL BE SO SEVE ON OUR POPULATION THAT IT WARRANTS SUCH ACTION. AND THAT'S EXACTLY WHAT HAPPENED IN A.I.G. IF WE SAT BACK AND ALLOWED THAT TO OCCUR AND THE RIPPLE EFFECT AROUND THE WORLD, WE WOULD HAVE COLLAPSED THE ECONOMY OF THE UNITED STATES AND THE WORLD, PROBABLY SOME OF OUR BEST ECONOMISTS IN THE WORLD INDICATED WITHIN 72 HOURS WE WOULD HAVE BEEN IN POSITION OF NOT KNOWING WHAT THE WORLD'S ECONOMY WOULD LOOK LIKE. WE WERE CALLED UPON TO TAKE CERTAIN ACTIONS, AND THAT WAS WAY BACK IN SEPTEMBER, OCTOBER OF 2008, AND MANY OF US CAME BACK TO WASHINGTON JUST BEFORE OUR VITAL ELECTIONS THAT YEAR AND WE WENT TO WORK AND WE CREATED SOMETHING. CAN I RECONSTRUCT FOR YOU, GENTLEMEN, IT WAS ABOUT? WE DIDN'T COME BACK TO THE OBAMA ADMINISTRATION. WE DIDN'T COME BACK TO A SITUATION --

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  • 03:56:52 PM

    >>

    I'D ASK THAT THE ADDRESS BE MADE TO THE SPEAKER AND NOT TO EACH OTHER.

  • 03:56:58 PM

    THE SPEAKER PRO TEMPORE

    MEMBERS ARE REMINDED TO ADDRESS THEIR REMARKS TO THE SPEAKER. THE…

    MEMBERS ARE REMINDED TO ADDRESS THEIR REMARKS TO THE SPEAKER. THE GENTLEMAN IS RECOGNIZED.

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  • 03:57:05 PM

    MR. KANJORSKI

    I'M AD TO ADDRESS IT TO THE SPEAKER AND I WILL. I'M SURE WE SHOULD ADHERE…

    I'M AD TO ADDRESS IT TO THE SPEAKER AND I WILL. I'M SURE WE SHOULD ADHERE TO THE DECORUM OF THE HOUSE AND RULES OF THE HOUSE AND I WOULD DO THAT. I WOULDN'T THINK OF CALLING MY ATTENTION OF MY OBSERVATIONS TO MY COLLEAGUES ON THE OTHER SIDE. THAT COULD BE FRIGHTFUL IF WE DID THAT BECAUSE THEY MAY HAVE TO RESPOND TO THOSE OBSERVATIONS. SO WE WON'T CALL THOSE OBSERVATIONS. I WAS GOING THROUGH HOW WE GOT HERE AND WHY WE'RE HERE, AND HOW WE GOT HERE WAS WE MADE -- MET IN ROOMS AROUND THIS CAPITOL FOR A NUMBER OF WEEKS, TWO OR THREE WEEKS, AS I RECALL, AND THE PRESIDENT OF THE UNITED STATES, GEORGE W. BUSH, IN HIS LAST YEAR OF HIS PRESIDENCY -- IN HIS LAST SEVERAL YEARS OF HIS PRESIDENCY, INDICATED THAT HIS SECRETARY OF TREASURY AND THE CHAIRMAN OF THE FEDERAL RESERVE WERE HIS DESIGNEES TO WORK WITH CONGRESS TO SEE WHAT WE COULD DO TO PREVENT THE POTENTIAL MELTDOWN OR CATASTROPHE TO THE WORLD'S ECONOMY AND I WAS IN SOME OF THOSE MEETINGS, NOT ALL THOSE MEETINGS, WE WOULD TUNE IN TO THE CONFERENCE TELEPHONE TO ECONOMISTS, NOBEL PRIZE-WINNING ECONOMISTS AROUND THE WORLD OF ALL POLITICAL PERSUASIONS AND PHILOSOPHICAL POSITIONS. AND TO MY BEST RECOLLECTION THERE WERE SEVERAL DOZEN, AND TO A MAN, NOT A MAN OR WOMAN, NOT ONE OF THEM DISAGREED THAT WHAT WE WERE FACING WAS TOTAL MELTDOWN AND PRECIPITOUS ACTION HAD TO BE TAKEN. AND THE PRECIPITOUS ACTION THAT WAS TAKEN WAS TO PROVIDE A RESCUE PACKAGE GIVING UNUSUAL INCREDIBLE AUTHORITY TTHE EXECUTIVE BRANCH OF GOVERNMENT TO BE UTILIZED BY THE SECRETARY OF THE TREASURY TO DO WHAT WE COULD TO PREVENT A MELTDOWN IN THE UNITED STATES. NOW, AS I RECALL, THOSE ECONOMISTS WERE TELLING US IT WAS THEIR OPINION THAT EVEN IF WE DID THESE STRANGE AND UNUSUAL ACTIVITIES OF EMPOWERING THE PRESIDENT AND THE SECRETARY OF TREASURY TO BORROW MONEY, USE MONEY, BUY ASSETS, DO ALL KINDS OF THINGS, THE CHANCE OF SUCCESS WAS RATED AT ABOUT 50/50. AS I RECALL, WE WORKED FOR ABOUT TWO OR THREE WEEKS CRAFTING WHAT ORIGINALLY WAS A THREE-PAGE BILL THAT ULTIMATELY BECAME A 400-PAGE BILL AND BECAME KNOWN AS THE RESCUE BILL. WE BROUGHT IT TO THE HOUSE FLOOR, IF ALL OF YOU WILL RECALL, AND IT FAILED. AND THE DAY THAT IT FAILED, THE HOUR THAT IT FAILED, THE HALF-HOUR THAT IT FAILED, THE NEW YORK STOCK EXCHANGE DROPPED 900 POINTS. AND FINALLY, THERE WAS A REALIZATION ACROSS THE COUNTRY AND ACROSS THE WORLD THAT IF THIS RESCUE PACKAGE WAS NOT PASSED WE PROBABLY WERE LOOKING AT THE BEGINNING OF THE FAILURE OF THE AMERICAN ECONOMIC SYSTEM. AND WE WENT TO WORK TO SEE IF WE COULD PUT A COALITION TOGETHER TO GET IT PASSED AND THAT TOOK ANOTHER WEEK, IF I RECALL. NOW, WE DID THOSE THINGS IN THE MIDST OF AN ELECTION, WE DID THOSE THINGS WITH A REPUBLICAN PRESIDENT AND A DEMOCRATIC CONGRESS AND IT SEEMS WE DID IT PRETTY SUCCESSFULLY. AND WE DIDN'T CALL IT A BAILOUT BILL. THAT BECAME A POLITICAL TERMINOLOGY SO THAT PEOPLE COULD BE MISINFORMED, MISDIRECTED AND HAVE A VISCERAL REACTION TO WHAT THE CONGRESS HAS DONE WHEN THEY REALLY DIDN'T UNDERSTAND. AND WHAT OCCURRED? WELL, THAT PREVAILED. RATHER THAN CALLING TH RESCUE BILL ANYMORE, IT BECAME KNOWN AS THE BAILOUT. AND I WANT TO CORRECT THAT. BECAUSE I'VE HEARD THAT TERM USED HERE AT LEAST A DOZEN OR TWO DOZEN TEAM TIMES. I ASK THE QUESTION -- TIMES. I ASK THE QUESTION, WHAT DID WE BAIL OUT? WE MADE EXTENSIVE COMMITMENTS TO BANKS IN THE UNITED STATES, TO THE BEST OF MY KNOWLEDGE ALL THOSE BANKS HAVE NOW REPAID THOSE COMMITMENTS TO THE TREASURIES OR TO THE FEDERAL RESERVE. WHAT WAS THE SUCCESS OF THAT? MOST OF THEM DID NOT FAIL AND OUR ECONOMIC SYSTEM DID NOT FAIL IN TOTALITY. SO IT WAS PRETTY GOOD. BUT WE WERE LOSING EMPLOYMENT, FALLING LIKE A ROCK, THE ECONOMY, TO THE TUNE OF, IN JANUARY, WHEN THE PRESIDENT OF THE -- NEW PRESIDENT OF THE UNITED STATES WAS SWORN INTO OFFICE, THIS NATION LOST 750,000 JOBS AND HAD BEEN LOSING JOBS AT THAT RATE FOR SEVERAL MONTHS BEFORE AND CONTINUED SEVERAL MONTHS AFTER. AND WE STARTED TO GET INTO, AS OPPOSED TO DISCUSSING ECONOMICS, FREE MARKET SITUATIONS AND LEGALITIES OF HOW WE HANDLE THIS PROBLEM, WE GOT INTO A POLITICAL RAMBLE THAT HAS CONTINUED TO THIS DAY. I THINK THAT'S WHAT I GOT UP TO ADDRESS. IF WE STAY ON THIS COURSE AND THIS DIRECTION, THE ONLY THING THAT'S GOING TO HAPPEN IS THIS CONFERENCE COMMITTEE AND ULTIMATELY THE BILLS THAT ARE ENTED INTO LAW AND SIGNED BY THE PRESIDENT WILL BEVE LIMITED-CAPACITY PIECES OF LEGISLATION THAT WILL NOT NEARLY ACCOMPLISH WHAT COULD HAPPEN. ON THE OTHER HAND, I SAY TO MY FRIENDS ON THE OTHER SIDE AND THE MEMBERS AND COLLEAGUES OF THIS CONGRESS, IF WE CAN PUT OUR PERSONAL PREJUDICES, OUR POLITICAL ADVANTAGES TO THE SIDE AND SPEND THE NEXT 2 1/2 OR THREE WEEKS IN HONEST EFFORT TO GET THE BEST BILL POSSIBLE TO REFORM THE FINANCIAL MARKETS OF THE UNITED STATES AND INDEED THE WORLD WE CAN DO SOMETHING THAT IS SO HISTORIC IN NATURE THAT IT WILL REPLACE THE STABILITY OF OUR ECONOMY FOR THE NEXT 75 YEARS AS IT WAS ABLY PUT TOGETHER IN THE 1930'S. IF WE DON'T ACCOMPLISH THAT, WHAT WE'RE GOING TO END UP WITH IS A TEMPORARY SOLUTION TO A DISASTROUS PROBLEM, FINDING A LOT OF SILLY POLITICAL QUESTIONS WHICH WILL LONG DISAPPEAR BEFORE MANY OF US DO FROM THE FACE OF THE EARTH, BUT NOT ACCOMPLISHING ANYTHING FOR THE AMERICAN PEOPLE. I WILL END THIS DIALOGUE WITH SAYING THIS, GENTLEMEN ON BOTH SIDES OF THE AISLE, LET'S PUT OUR DISAGREEMENTS ASIDE FOR AT LEAST THE NEXT TWO OR THREE WEEKS. LET'S LISTEN TO THE CHAIRMAN OF THE HOUSE COMMITTEE AND THE RANKING MEMBER, LET'S LISTEN TO THE CHAIRMAN OF THE SENATE COMMITTEE AND RANKING MEMBER AND THE OTHER 0 PARTICIPANTS IN THIS CONFERENCE COMMITTEE -- 30 PARTICIPANTS IN THIS CONFERENCE COMMITTEE, WITH THE COMMITMENT OF DOING THE BEST WE CAN WITHIN OUR POWERS TO PREVENT THIS FROM HAPPENING, CERTAINLY IN THE NEAR FUTURE, OR POTENTIALLY EVER AGAIN. AND IF WE FAIL TO DO THAT, WE WILL HAVE FAILEDOUR JOB.

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  • 04:04:17 PM

    THE SPEAKER PRO TEMPORE

    DOES THE GENTLEMAN YIELD BACK? HE YIELDS BACK. THE GENTLEMAN FROM ALABAMA…

    DOES THE GENTLEMAN YIELD BACK? HE YIELDS BACK. THE GENTLEMAN FROM ALABAMA IS RECOGNIZED.

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  • 04:04:24 PM

    >>

    INQUIRY AS TO HOW MUCH TIME IS REMAINING ON EACH SIDE.

  • 04:04:30 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM ALABAMA HAS 16 MINUTES. AND THE GENTLEMAN FROM…

    THE GENTLEMAN FROM ALABAMA HAS 16 MINUTES. AND THE GENTLEMAN FROM MASSACHUSETTS HAS SEVEN MINUTES. THE GENTLEMAN FROM ALABAMA IS RECOGNED.

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  • 04:04:40 PM

    MR. BACHUS

    YOU. MADAM SPEAKER, AT THIS TIME I RECOGNIZE THE VERY ABLE RANKING MEMBER…

    YOU. MADAM SPEAKER, AT THIS TIME I RECOGNIZE THE VERY ABLE RANKING MEMBER OF THE OVERSIGHT COMMITTEE, MRS. JUDY BIGGERT, FOR FOUR MINUTES.

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  • 04:04:51 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEWOMAN FROM ILLINOIS WILL BE RECOGNIZED -- RECOGNIZED FOR FOUR…

    THE GENTLEWOMAN FROM ILLINOIS WILL BE RECOGNIZED -- RECOGNIZED FOR FOUR MINUTES.

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  • 04:04:55 PM

    MRS. BIGGERT

    YOU AND I THANK THE GENTLEMAN FOR YIELDING AND I RISE IN SUPPORT OF THE…

    YOU AND I THANK THE GENTLEMAN FOR YIELDING AND I RISE IN SUPPORT OF THE MOTION TO INSTRUCT. MADAM SPEAKER, TAXPAYERS ARE TIRED OF PAYING FOR THE MISTAKES OF OTHERS AND FED UP WITH BAILOUTS AND IT'S TIMFOR CONGRESS TO RECOGNIZE THAT FINANCIAL MANAGERS THAT DRIVE THEIR FIRMS INTO INSOLVENCY SHOULD BE MET WITH BANKRUPTCY AND NOT BAILOUTS. UNFORTUNATELY BOTH THE HOUSE AND SENATE FINANCIAL REGULATORY REFORM BILLS ALLOW THE GOVERNMENT TO TAKE OVER ANY HE FINANCIAL BUSINESS WASHINGTON BUREAUCRATS DEEM AS TOO BIG TO FAIL. IN OTHER WORDS, IF FEDERAL REGULATORS LIKE TREASURY SECRETARY GEITHNER FAIL TO DO THEIR JOB, THEN THESE SAME REGULATORS CAN SIMPLY KE OVER, DISMANTLE OR PROP UP ANY FINANCIAL INSTITUTION THAT THEY CHOOSE AT TAXPAYERS' EXPENSE AND THAT'S WHAT I WOULD CALL A BAILOUT. THAT'S THE GOVERNMENT PICKING WINNERS AND LOSERS IN THE MARKETPLACE AS THE SAME RECKLESS APPROACH THAT CAUSED THE MARKETS TO UNDERVALUE RISK, INFLATED THE BUBBLE AND LEFT TAXPAYERS TO CLEAN UP THE MESS WHEN IT BURST AND IT MUST END. HOUSE REPUBLICANS SAY, NEVER AGAIN. AND WE HAVE DEVELOPED A RESPONSIBLE ALTERNATIVE. BANKRUPTCY. IT'S A FAIR AND UNBIASED PROCESS INSULATED FROM INAPPROPRIATE POLITICAL PRESSURES AND REMOVES TAXPAYERS FROM THE EQUATION. DUE TO RECENT HEARING, FEDERAL RESERVE BANK OF KANSAS CITY PRESIDENT, AGREED, CALLING ENHANCED BANKRUPTCY, AND I QUOTE, A PROCESS THAT HE ENSURES EVERYONE -- THAT ENSURES THAT THE LARGEST INSTUTIONS WILL BE DISMANTLED IF THEY FAIL. HE CONTINUED, I PREFER A RULE OF LAW THAT TAKES AWAY DISCRETION FROM THE BUREAUCRAT OR FROM THE POLICY PERSON SO THAT THE CRISIS -- SO THAT IN THE CRISIS YOU DON'T HAVE THE OPTION TO BAIL OUT, SO THAT YOU HAVE TO TAKE CERTAIN TELEPHONES -- STEPS TO CONTROL, TO PREVENT A FINANCIAL MELTDOWN. MADAM SPEAKER, I COULDN'T AGREE MORE. EFFECTIVE FINANCIAL REFORM MUST END THE BAILOUT AND PREVENT THE NEXT FINANCIAL MELTDOWN. BANKRUPTCY IS CENTRAL TO THE SOLUTION. IT WILL GIVE CERTAINTY TO THE MARKETPLACE, DISCOURAGE RISKY PRACTICES AND ELIMINATE TAXPAYER LIABILITY AND POLITICAL INTERFERENCE. THE BOTTOM LINE IS THAT STRONGER, NIMBLE AND MORE COORDINATED REGULATORS MUST DO THEIR JOBS, EXERCISE STRONG OVERSIGHT AND BAR EXCESSIVE RISKY, DECEPTIVE AND FRAUDULENT MARKETPLACE BEHAVIOR. WASHINGTON SHOULDN'T CONTROL THE MARKET. IT SHOULD REGULATE IT. THROUGH SMARTER REGULATION AND EPCHANCED BANKRUPTCY RULES WE CAN PREVENT THE NEXT FINANCIAL MELTDOWN, MILLIONS OF AMERICAN BUSINESSES AND FAMILIES THAT WORK TOGETHER EVERY DAY TO PLAY BY THE RULES AND INVEST WISELY DESERVE NOTHING LESS. I WOULD SUPPORT THE MOTION AND I WOULD HOPE THAT WE WILL HAVE A GREAT CONFERENCE AND REALLY THAT WE WILL COME UP WITH A BILL BUT I THINK THIS IS AN IMPORTANT MOTION TO RECONSIDER BEFORE THAT. I WOULD RESERVE THE BALANCE OF THE TIME.

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  • 04:08:04 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEWOMAN YIELDS BACK THE BALANCE OF HER TIME. THE GENTLEMAN FROM…

    THE GENTLEWOMAN YIELDS BACK THE BALANCE OF HER TIME. THE GENTLEMAN FROM ALABAMA RESERVES HIS TIME AND HAS 12 MINUS REMAINING. THE GENTLEMAN FROM MASSACHUSETTS IS RECOGNIZED AND HAS SEVEN MINUTES REMAINING.

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  • 04:08:13 PM

    MR. FRANK

    I WOULD YIELD MYSELF 30 SECONDS TO SAY THAT I'M INTRIGUED. WE WERE TALKING…

    I WOULD YIELD MYSELF 30 SECONDS TO SAY THAT I'M INTRIGUED. WE WERE TALKING ABOUT BANKRUPTCY. NOW WE HAVE A NEW CONCEPT, ENHANCED BANKRUPTCY. WE WERE TOLD EARLIER THAT IT SHOULD BE PLAIN BANKRUPTCY LIKE EVERYBODY ELSE. NOW APPARENTLY THERE'S SOMETHING SPECIAL SO WE GOT ENHANCED BANKRUPTCY. MAYBE WE'LL HAVE ENHANCED BANKRUPTCY EXPLAINED TO US AND IF BANKRUPTCY IS GOOD FOR EVERYBODY WHY DOES ENHANCED BANKRUPTCY NEED TO BE DONE HERE AND WHAT IS IT? IS IT ANOTHER NAME FOR DOING MORE THAN BANKRUPTCY? I RESERVE THE BALANCE OF MY TIME.

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  • 04:08:40 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM ALABAMA…

    THE GENTLEMAN RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM ALABAMA CORRECTLY HAS 13 MITES REMAING. AND IS RECOGNIZED.

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  • 04:08:47 PM

    MR. BACHUS

    THANK YOU, MR. SPEAKER. AT THIS TIME I YIELD THREE MINUTES TO THE RANKING…

    THANK YOU, MR. SPEAKER. AT THIS TIME I YIELD THREE MINUTES TO THE RANKING MEMBER OF THE GOVERNMENT OVERSIGHT COMMITTEE FROM CALIFORNIAMR. ISSA.

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  • 04:08:57 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED FOR THREE MINUTES.

  • 04:09:00 PM

    MR. ISSA

    THE GENTLEMAN AND I THANK THE SPEAKER. THREE MINUTES IS ALL I NEED BECAUSE…

    THE GENTLEMAN AND I THANK THE SPEAKER. THREE MINUTES IS ALL I NEED BECAUSE WE'RE GOING INTO A PROCESS, ONE YOU IN WHICH I WOULD LIKE TO BE OPTIMISTIC. ONE IN WHICH I'LL HAVE 72 HOURS TO POUR OVER A 2,000-PAGE BILL TO SEE WHERE WE CAN MAKE IT BETTER. MR. SPEAKER, I TOO, LIKE THE GENTLEMAN FROM PENNSYLVANIA, REMEMBER 2008. I REMEMBER HELPING LEAD THE CHARGE AGAINST A WHOLE SALE BAILOUT, A SLUSH FUND FOR THEN PRESIDENT BUSH TO PASS AROUND $700 BILLION AND TO PASS ONTO THE NEXT PRESIDENT A PIECE OF THAT LEFT OVER. TO SPEND IT AND IF YOU HAPPEN TO GET PAID BACK, TO SPEND IT AGAIN. MR. SPEAKER, THE AMERICAN PEOPLE ARE TIRED OF ENDLESS BAILOUTS OF THE SELECT FEW. WHEN THE GENTLEMAN SPOKE OF A.I.G., A.I.G. STILL OWES US $100 BILLION-PLUS WE'LL NEVER SEE BACK, IN SPITE OF THE FACT THAT MUCH OF THAT MONEY WENT OUTSIDE THE COUNTRY. I'M PART OF A CONGRESS THAT SAW THE BUSH ADMINISTRATION MAKE MISTAKES. I'M FORTUNATE THAT I VOTED AGAINST IT. AND I'M HAPPY THAT I VOTED AGAST IT -- AGAINST IT. AS WE GO INTBANKRUPTCY -- SORRY, AS WE GO INTO THIS FINANCIAL REFORM, I WOULD HOPE THAT WE REMEMBER MILTON FRIEDMAN ONCE SAID, CAPITALISM IS A PROFIT AND LOSS SYSTEM. THE PROFITS ENCOURAGE RISK TAKING ANTHE LOSSES ENCOURAGE PRUDENCE. MR. SPEAKER, WE MUST HAVE FREEDOM TO FAIL IN THIS COUNTRY. WE CANNOT HAVE TOO BIG TO FAIL AND MORE IMPORTANTLY, WE CANNOT HAVE THE POLITICALIZATION OF THE PROCESS BY PICKING AND CHOOSING PEOPLE LIKE FREDDIE AND FANNIE TO GET $6 TRILLION WORTH OF FULL FAITH FUNDING FROM THE AMERICAN PEOPLE IN ORDER TO GUARANTEE WHAT ULTIMATELY WAS TO A GREAT EXTENT THEIR FAULT. WE WENT INTO A FINANCIAL COLLAPSE BECAUSE WHEN HOMES BECAME UNAFFORDABLE, GIMMICKS WERE PRODUCED. THE AMERICAN PEOPLE WATCHED THEIR GOVERNMENT CREATE MOST OF THOSE GIMMICKS AND EVEN TODAY THE AMERICAN GOVERNMENT CONTINUES TO FUND A 3.5% DOWN FORM OF FINANCING AS TUGH HOMES WILL ONLY GO UP IN PRICE. SO I LOOK FORWARD TO WORKING ON A BIPARTISAN BASIS TO GET THIS BILL RIGHT IN CONFERENCE. I YIELD BACK THE BALANCE OF MY IME.

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  • 04:11:15 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

    THE GENTLEMAN YIELDS BK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM ALABAMA RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM MASSACHUSETTS.

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  • 04:11:23 PM

    MR. FRANK

    I WILL YIELD THREE MINUTES TO THE CHAIRMAN OF THE OVERSIGHT COMMITTEE, WHO…

    I WILL YIELD THREE MINUTES TO THE CHAIRMAN OF THE OVERSIGHT COMMITTEE, WHO HAS BEEN A MAJOR SOURCE FOR STABILITY IN THIS SYSTEM, MR. MOORE.

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  • 04:11:33 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM KANSAS IS RECOGNIZED FOR THREE MINUTES.

  • 04:11:36 PM

    MR. MOORE

    THANK YOU, MR. CHAIRMAN. MR. SPEAKER, I RISE IN OP SILLINGS TO REPUBLICAN…

    THANK YOU, MR. CHAIRMAN. MR. SPEAKER, I RISE IN OP SILLINGS TO REPUBLICAN MOTION TO INSTRUCT, BUT IN SUPPORT OF THE WORK THE HOUSE AND SENATE CONFERENCE COMMITTEE WILL BEGIN IN CRAFTING A FINAL BILL ON LL STREET REFORM. FOR MOST OF LAST YEAR MY COLLEAGUES ON THE HOUSE FINANCIAL SERVICES COMMITTEE, UNDER THE OUTSTANDING LEADERSHIP OF CHAIRMAN FRK, ALONG WITH OTHER COMMITTEES, WORKED HARD TO PRODUCE THE WALL STREET REFORM AND CONSUMER PROTECTION ACT. THE WORK WAS BIPARTISAN. OVER 50 REPUBLICAN AMENDMENTS WERE ACCEPTED ALONG WITH OVER 20 BIPARTISAN AMENDMENTS. THIS PACKAGE CONTAINS IDEAS PUT FORWARD BY DEMOCRATS AND REPUBLICANS AS IT SHOULD, CREATING A BETTER AND MORE THOUGHTFUL BILL. WHILE THE BILL IS LARGE AND COMPLEX, IT DOES SOME VERY IMPORTANT THINGS. IT ENDS TOO BIG TO FAIL, IT ENDS THE NEED FOR BAILOUTS AND FULLY PROTECTS TAXPAYERS AND IT HAS TOUGH NEW CONSUMER INVESTOR PROTECTIONS THAT WILL BETTER PROTECT FAMILIES' RETIREME FUNDS, COLLEGE SAVINGS AND SMALL BUSINESS OWNERS' FINANCIAL FUTURES FROM UNNECESSARY RISK BY WALL STREET LENDERS AND SPECULATORS. THAT'S SOMETHING WE WERE CAREFUL TO DO IN THE HOUSE BILL, MAKE SURE THAT THIS NEW FINANCIAL OVERSIGHT SYSTEM WOULD FOCUS ON THE TRUE PROBLEMS THAT CREATED THE FINANCIAL CRISIS AND NOT RESPONSIBLE ACTORS LIKE MOST COMMUNITY BANKS AND CREDIT UNIONS. WHILE THE BILL PROVIDES NEEDED NEW OVERSIGHT TO THE $600 TRILLION DERIVATIVES MARKET, IT'S WELL BALANCED, ALLOWING FARMERS AND SMALL BUSINESSES IN KANSAS TO CONDUCT GOOD RISK MANAGEMENT AND HEDGE THEIR BUSINESS RISKS IN A RESPONSIBLE MANNER. I COMMEND THE SENATE FOR ALSO PASSING -- PASSING A TOUGH FINANCIALVERHAUL BILL LAST MONTH. THE CONFERENCE COMMITTEE SHOULD TAKE THE BEST IDEAS FROM BOTH BILLS AND COMBINE THEM INTO ONE FINAL BILL THAT OUR COLLEAGUES CAN SUPPORT AND THAT WILL FINALLY RESTORE OUR CONSTITUENTS' TRUST IN OUR FINANCIAL SYSTEM. I URGE MY COLLEAGUES TO OPPOSE THIS MOTION TO INSTRUCT THAT SERVES AS A DISTRACTION FOR THE NEED FOR A WELL- -- WELL BALANCED, STRONG FINANCIAL REFORM PACKAGE AND I YIELD BACK THE BALANCE OF MY TIME.

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  • 04:13:31 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM MASSACHUSETTS RESERVES HIS TIME. THE GENTLEMAN FROM ALABAMA -- THE GENTLEMAN FROM TEXAS IS RECOGNIZED.

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  • 04:13:43 PM

    >>

    THANK THE CHAIRMAN. I NOW AM PLEASURED TO YIELD TWO MINUTES TO THE RANKING…

    THANK THE CHAIRMAN. I NOW AM PLEASURED TO YIELD TWO MINUTES TO THE RANKING MEMBER OF THE JUDICIARY COMMITTEE, MR. SMITH FROM TEXAS.

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  • 04:13:51 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM TEXAS IS RECOGNIZED FOR TWO MINUTES.

  • 04:13:54 PM

    MR. SMITH

    I THANK MY COLLEAGUE FROM TEXAS FOR YIELDING ME TIME. AS CONGRESS WEIGHS…

    I THANK MY COLLEAGUE FROM TEXAS FOR YIELDING ME TIME. AS CONGRESS WEIGHS THE QUESTION OF WALL STREET REFORM, THE ANSWER THE AMERICAN PEOPLE WANT US TO GIVE IS CLEAR, NO MORE BAILOUTS. AND WE SHOULD GIVE THAT ANSWER BY PASSING LEGISLATION THAT SENDS ANY FAILING FINANCIAL INSTITUTION TO BANKRUPTCY, NOT TO A FEDERAL AGENCY THAT MIGHT BAIL IT OUT. THE DEMOCRATIC SENATOR WHO GUIDED THIS LEGISLATION TO THE SENATE AGREES THAT BANKRUPTCY MUST BE OUR PRIMARY RESPONSE TO FAILING INSTITUTIONS. BANKRUPTCY IS FAIR, ITS RULES ARE CLEAR, IT IS ADMINISTERED TRANSPARENTLY BY IMPARTIAL COURTS, IT HAS EXISTED FOR GENERATIONS BECAUSE OF ONE UNMISTAKABLE TRUTH. FREE ENTERPRISE WITHOUT THE POSSIBILITY OF FAILURE IS FREE ENTERPRISE WITHOUT THE POSSIBILITY OF SUCCESS. THE SENATE IMPROVED THE HOUSE BILL BY RECOGNIZING A ROLE FOR BANKRUPTCY. BUT IT FAILED TO GIVE THE BANKRUPTCY COURTS WHAT THEY NEED TO MAKE THAT ROLE MEANINGFUL. AS A RESULT, THE LEGISLATION ESCAPED FROM BANKRUPTCY, ONE THAT ALLOWS TAKEOVER FROM FIRMS, THREATENS TO BECOME THE FIRST OPTIONUNDER THE BILL. WHEN AGENCIES TAKE OVER FIRMS, WE ALL KN THAT THEY WILL BAIL THEM OUT. LET'S FINISH OUR WORK, LET'S CLOSE EVERY LOOPHOLE THAT INVITES A BAILOUT. MR. SPEAKER, I URGE MY COLLEAGUES TO SUPPORT IS MOTION AND I YIELD BACK THE BALANCE OF MY TIME.

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  • 04:15:19 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM…

    THE GENTLEMAN YIELDS BACK THE BALANCE OF HIS TIME. THE GENTLEMAN FROM ALABAMA RESERVES THE BALANCE OF HIS TIME. THE GENTLEMAN FROM MASSACHUSETTS. .

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  • 04:15:37 PM

    MR. BACHUS

    VICE CHAIRMAN OF THE FINANCIAL SERVICES COMMITTEE, THE VICE RANKING…

    VICE CHAIRMAN OF THE FINANCIAL SERVICES COMMITTEE, THE VICE RANKING MEMBER, MR. NEUGEBAUER FROM TEXAS FOR FOUR MINUTES.

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  • 04:15:48 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR FOUR MINUTES.

  • 04:15:50 PM

    MR. NEUGEBAUER

    I THANK THE GENTLEMAN. I RISE IN SUPPORT OF THE MOTION TO INSTRUCT. MR.…

    I THANK THE GENTLEMAN. I RISE IN SUPPORT OF THE MOTION TO INSTRUCT. MR. SPEAKER, THE AMERICAN PEOPLE WANT FINANCIAL REFORM AND DON'T WANT A FINANCIAL REFORM REPLAY. REGULATION IS WHAT IS NEEDED BUT THE TAXPAYERS HAVE PICKED UP THE TABS FOR THE ENDLESS BAILOUTS TO GET IT RIGHT. THE SENATE AND HOUSE BILL LEAD US AWAY FROM GETTING IT RIGHT AND GIVES THE GOVERNMENT PERMANENT AUTHORITY TO CONTINUE THESE A.I.G. BAILOUTS OF FAILING FIRMS. BOTH BILLS LET THE GOVERNMENT PICK WINNERS AND LOSERS BY DECIDING WHICH FINANCIAL COMPANIES WILL GET ON THE TOO BIG TO FAIL LIST AND BENEFIT FROM THE GOVERNMENT BACKING. THESE BILLS GIVE THE SAME REGULATORS WHO FAILED TO GET THE JOB DONE RIGHT IN THE FIRST PLACE, MORE AUTHORITY AND MORE POWER. THESE BILLS WON'T REALLY PERFORM MORE REFORM, BUT ONLY MAKE BAILOUTS AND GOVERNMENT PROTECTION FOR FUTURE BAILOUTS PERMANENT AND LEAVING TAXPAYERS ON THE HO INDEFINITELY. THIS CREASES THE COST OF CREDIT AT A TIME WHEN SMALL BUSINESSES ACROSS THE COUNTRY ARE HAVING A HARD TIME GETTING CREDIT. WE ARE GOING TO TAKE ACTIONS THAT WILL REDUCE THE ABILITY FOR THEM AND LEADING TO FEWER JOBS AND UNEMPLOYMENT IN OUR COUNTRY. THEY FAIL TO ADDRESS THE TWO COMPANIES THAT COST THE COUNTRY MOST, FREDDIE MAC, FANNIE MAE, $175 MILLION IS ALREADY INVESTED IN THESE TWO ENTITI AND THIS BILL FAILS TO MAKE ANY REFORM OF THESE TWO ENTITIES. TO FIX THE BIGGEST PROBLEMS BY REMOVING ALL OF THE NEW AND PERMANENT BAILOUTS,UR MOTION SAYS THAT FINANCIAL COMPANIES THAT FAIL SHOULD BE AOWED TO FAIL AND USE BANKRUPTCY LAWS AND NOT BACK RM DEALS THAT GIVE CREDITORS MORE PREFERENCE OVER OTHERS AND DIFFERENT TREATMENT FOR DIFFERENT CREDITORS. OUR MOTION SAYS THE REGULATORS SHOULD BE HELD ACCOUNTABLE AND NOT DECIDE WHO IS TOO BIG TO FOOL. THE TAXPAYERS WANT IT FIXED BUT DON'TANT IT FIXED WITH PERMANENT BAILOUTS. INSIST ON REAL PROTECTIONS AND REFORMS FOR THE TAXPAYERS AND A FINANCIAL IN OUR ECONOMY. THE AMERICAN PEOPLE WANT REFORM AND DON'T WANT ANOTHER REPLAY OF BAILOUTS. SUPPORT THE MOTION.

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  • 04:18:17 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM TEXAS YIELDS BACK. THE GENTLEMAN FROM ALABAMA RESERVES.…

    THE GENTLEMAN FROM TEXAS YIELDS BACK. THE GENTLEMAN FROM ALABAMA RESERVES. THE GENTLEMAN FROM MASSACHUSET.

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  • 04:18:25 PM

    MR. FRANK

    THANK YOU, MR. SPEAKER, I YIELD MYSELF THE BALANCE OF MY TIME. I REMEMBER…

    THANK YOU, MR. SPEAKER, I YIELD MYSELF THE BALANCE OF MY TIME. I REMEMBER WHEN THE GENTLEMAN FROM TEXAS WAS A LITTLE LESS HARSH ON FREDDIE MAC AND FANNIE MAE AND AMENDMENT WAS ADOPTED OVER THE OBJECTION OF THE SECRETARY OF TREASURY. I WANT TO REPEAT THE CENTRAL THEME HERE. HISTORY IS ONE OF BAILOUTS INITIATED BY THE PRIOR ADMINISTRATION, SOME SUPPORTED BY THIS CONGRESS, SOME BY THE ADMINISTRATION ON ITS OWN. THIS BILL PREVENTS THAT LEGALLY. THE GENTLEMAN FROM TEXAS REFERRED TO THEA BAILOUT BY THE FEDERAL RESERVE WITH THE FEDERAL RESERVE PICKING ONE COMPANY OR THE OTHER. THE POWER THAT THE FEDERAL RESERVE HAS HAD OVER 75 YEARS TO DO THAT IS REPEALED IN THIS BILL. THE FEDERAL RESERVE IS ALLOWED IF THERE ARE SOLVENT INSTITUTIONS THAT ARE LIQUID AND HAVE A 99% CHANCE OF REPAYMENT AT LEAST TO ADVANCE MONEY BASED ON THEIR PAPER, BUT THERE CAN BE NO MORE A.I.G.'S UNDER THE FEDERAL RESERVE'S AUTHORITY. THE GENTLEMAN SAID THEY CAN GET ON THE LIST OF TOO BIG TO FAIL. THERE IS NO LIST. THIS IS A HARD-HELD MYTH BY THE REPUBLICANS. WHAT THERE IS IS THIS, IF THE REGULATORS WERE GIVEN MORE POWER TO WATCH HERE. THERE WERE A DIFFERENT SET OF REGULATORS. THE S.E.C. TODAY IS NOT THE S.E.C. UNDER THE PRIOR ADMINISTRATION THAT LOOKED THE OTHER WAY AT MADOFF. BUT WHAT THEY DO IS TO SAY TO AN INSTITUTION THAT IS MUCH MORE CAREFULLY MONITORED, YOU NEED TO BE REFORMED. YOU NEED TO BE RESTRAINED. YOU MUST HAVE HAVE HIGHER CAPITAL REQUIREMENTS. YOU MUST REDUCE THE AMOUNT YOU ARE DOING. SO THERE IS A TIGHT LIMITATION ON WHAT THE ENTITIES CAN DO. SO THE PRIVILEGE OF BEING NAMED IMPORTANT IS -- AN IT'S NOT CALLED IMPORTANT -- IT SAYS YOU ARE GOING TO BE SUBJECT TO STRICTER STANDARDS. AND IT SAYS EXPLICITLY IN THE BILL THERE CAN BE NO BAILOUTS. THERE HAVE BEEN PRIOR CASES OF BAILOUTS, ALL SIDES, CONGRESS, PRESIDENT, BUT THEY NEVER HAD THIS LANGUAGE. THERE IS NO EXAMPLE OF THIS EXPLICIT ANTI-BAILOUT LANGUAGE BEING FLOUTED BECSE IT NEVER EXISTED BEFORE. THERE ARE NO TOO BIG TO FAIL INSTITUTIONS. THE QUESTION IS THIS, WHEN AN INSTITUTION THAT HAS GOTTEN OVERLY INDEBTED AND IS PUT OUT OF BUSINESS AS THIS BILL REQUIRES IT TO BE, DO YOU SIMPLY DO THAT AND IGNORE THE CONSEQUENCES OR SHOULD THERE BE SOME CAPACITY IN THE FEDERAL GOVERNMENT TO LOOK AT THE CONSEQUENCES? MY COLLEAGUES HAVE NOT APPLIED THEIR JOAN LOGIC AND I HOPE THE FINAL SPEAKER WILL EXPLAIN WHAT ENHANCED BARUPTCY IS. WE RE TOLD BANKRUPTCY WAS THE ANSWER. BANKRUPTCY GOTTEN HANSED SOMEWHERE AND WE HAVEN'T WHAT IT IS. AND IT'S THE CASE THAT WE TELL THE FDIC, WHEN YOU INSURE THE DEPOSITORS, THEY ARE TAKEN CARE OF, BUT THERE ARE COSTS. THE FDIC IS TOLD ABOUT THIS METHOD AND THAT MEANS SPENDING MONEY TO WIND IT DOWN IN A WAY THAT DIMINISHES THE IMPACT. MY COLLEAGUES ON THE OTHER SIDE AREN'T QUITE AS DEVOTED TO BANKRUPTCY AS THEYHINK. THEY'RE NOT PREPARED TO PUT IT INTO THE FDIC PROPOSAL AND IT'S A FORM OF ENHANCED BANKRUPTCY AND I HOPE IN THEIR REMAINING TIME THEY'LL EXPLAIN IT. WHEN THEY OFFER A RECOMMITAL MOTION, MR. SPEAKER, ON THIS BILL, THEY DIDN'T SAY LET'S FIX BANKRUPTCY BUT SAID KILL EVERY SORT OF CONSUMER AND FINANCIAL REFORM. THE GENTLEMAN FROM TEXAS WANTS TO KILL THE CONSUMER INDEPENDENT AGENCY AND KILL THE FIDUCIARY RESPONSIBILITY FOR BROKER/DEALERS AND LEVERAGE CAN NEVER GO MORE THAN 15-1. THEY REMAIN OPPOS. THEIR VIEW IS THAT THE REGULATORS IN PRIOR YEARS DIDN'T DO A GOOD JOB, YES, THOSE WHO FOLLOWED IN THE PRIOR ADMINISTRATION AND THEY HAVE BEEN OPPOSE TODD ANY SINGLE FORM OF REFORM. THEY ARE CLOAKING THAT IN AN ARGUMENT THAT THEY ARE STOPPING BAILOUTS WHICH ARE MADE ILLEGAL BY THIS BILL. THE INSTRUCTION MOTION HAS SOME THINGS IN IT THAT MEMBERS SHOULD SUPPORT AND THINGS THAT MEMBERS SHOULD NOT SUPPORT. IT IS DONE IN A WAY THAT I THINK WILL HAVE AN AMBIGUOUS IMPACT. SO WHAT THE VOTE IS LESS IMPORTANT THAN WHAT THE MESSAGE IS AND LET'S BE CLEAR ABOUT THE MESSAGE THERE ARE NO BAILOUTS ALLOWED UNDER THIS BILL.

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  • 04:23:09 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN FROM ALABAMA.

  • 04:23:12 PM

    MR. BACHUS

    THANK YOU, MR. SPEAKER. AT THIS TIME, I YIELD THREE MINUTES TO THE RANKING…

    THANK YOU, MR. SPEAKER. AT THIS TIME, I YIELD THREE MINUTES TO THE RANKING MEMBER OF THE CAPITAL MARKETS SUBCOMMITTEE, MR. GARRETT OF NEW JERSEY.

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  • 04:23:21 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM NEW JERSEY IS RECOGNIZED FOR THREE MINUTES.

  • 04:23:25 PM

    MR. GARRETT

    THE GENTLEMAN. WERE THAT TO BE TRUE THAT THERE ARE NO MORE BAILOUTS IN…

    THE GENTLEMAN. WERE THAT TO BE TRUE THAT THERE ARE NO MORE BAILOUTS IN THIS 1,500 PAGE BILL THAT CONGRESS IS ABOUT TO BE CONSIDERING IN CONFERENCE. WERE THAT TO BE TRUE THE AMERICAN TAXPAYER IS POTENTIALLY NO LONGER ON THE HOOK. THERE HAS BEEN OVER THE LAST YEAR AND A HALF UNDER THIS ADMINISTRATION AND THE BAILOUTS THAT ARE COSTING THE TAXPAYERS TENS OF BILLIONS OF DOLLARS. WERE IT TO BE TRUE THAT WE PASS A PIECE OF LEGISLATIOAND BE ABLE TO KEEP IN PLACE THE LAWS OF THIS COUNTRY FOR THE LAST 200 -PLUS YEARS TO PROTECT PRIVATE PROPERTY RIGHTS AND PROTECT THE RIGHTS UNDER THE BANKRUPTCY CODE SO INVESTORS AND INSTITUTIONS KNOW WHAT THEY ARE GOING TO GET WHEN THEY INVEST IN A COMPANY, MORE IMPORTANTLY WHEN YOU ARE A SECURED CREDITOR THAT THAT MEANS WHAT IT SAYS, YOU ARE SECURED BY THE ASSETS OF THE COMPANY. WE SAW THAT THAT WAS NOT THE CASE IN THE SITUATION OF THE CHRYSLER SITUATION, WHERE YOU HAD A SITUATION WHERE THE ADMINISTRATION BASICALLY STEPPED IN USING TAXPAYER DOLLARS AND USED THE SYSTEM BY SAYING WE AREN'T GOING TO GO THROUGH BANKRUPTCY COURT AS MEMBERS OF THIS SIDE OF THE AISLE WOULD SUGGEST SHOULD HAVE OCCURRED, BUT INSTEAD, ACT IN AN EXTRA OCCUR CAN YOU LAR MATTER AND ALLOW THE SECURED CREDITORS TO BE TOSSED ASIDE AND THE ASSETS BE DIFFERENCE YEED UP AS OTHERS WOULD DECIDE. THAT IS WHAT WE WOULD BE PERPETRATING WITH THIS PIECE OF LEGISLATION THAT IS BEFORE US. WHAT HAPPENED IN THAT SITUATION? IN THAT SITUATION, YOU HAD THE UNIONS WHO BASICALLY HAD NO INTEREST IN THAT COMPANY WHATSOEVER AND ENDED UP WITH A 55% INTEREST IN THE COMPANY AT THE END OF THE DAY, A GIFT, VALUED AT $4.5 BILLION. FIAT WAS GIVEN A 20% STAKE TO TAKE IT OVER AND THE SECURED CREDITORS WHO THOUGHT THEY SHOULD HAVE BEEN AT THE FRONT OF THE LINE, THEY ENDED UP AT THE END OF THE LINE, WHERE INSTEAD OF 43 CENTS ON THE DOLLAR, THEY GOT 29 CENTS ON THE DOLLAR AND WERE TOLD, YOU SHOULD BE HAPPY ABOUT IT. AT THE END OF THE DAY, MR. SPEAKER, WE ARE GOING TO BE PERPETRATING THAT SAME SORT OF ABILITY FOR REGULATORS TO BE MAKING THE SAME DECISIONS GOING FORWARD. YEAH, MAYBE THEY WON'T BE ABLE TO GIVE IT TO THEIR FRIENDS AT THE UNIONS LIKE THEY DID IN THIS CASE -- MAYBE THEY WILL, BUT WE AREN'T SURE, BUT AT THE END OF THE DAY WE ARE PERPETRATING TO SAY TO THE SECURED CREDITORS, YOU WANT TO MAKE AN INVESTMENT IN THE COMPANY THINKING YOU ARE SECURED AND IF THE COMPANY WERE TO FAIL AND GO INTO BANKRUPTCY AND YOU WILL BE FIRST IN LINE, GUESS WHAT? THAT'S NOT THE CASE BECAUSE WE ARE GOING TO PUT IN THE STATUTE TO SAY THAT A REGULATOR, AN UNELECTED BUREAUCRATIC REGULATOR IS GOING TO SAY, NOT SO FAST INVESTOR, WE ARE GOING TO PUT SOMEONE ELSE AHEAD OF YOU. THAT HAPPENS TO REAL LIFE PEOPLE IN THE SITUATION OF THE CHRYSLER PEOPLE WHERE THREE PENSION FUNDS, POLICEMEN THOUGHT THEY WERE SECURED CREDITORS AND AT THE END OF THE DAY WERE TOLD THEY WERE STRIPPED OF THEIR RIGHTS THAT THIS BILL WOULD PERPETRATE.

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  • 04:26:45 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN'S TIME HAS EXPIRED.

  • 04:26:48 PM

    MR. BACHUS

    THE GENTLEMAN AN ADDITIONAL ONE MINUTE.

  • 04:26:51 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE.

  • 04:26:54 PM

    MR. GARRETT

    HAVE THE IDEA THAT THE RULE OF LAW SHOULD MEAN SOMETHING IN THIS COUNTRY…

    HAVE THE IDEA THAT THE RULE OF LAW SHOULD MEAN SOMETHING IN THIS COUNTRY AND HAS MEANT SOMETHING FOR THE LAST 200-PLUS YEARS AND BANKRUPTCY CODE IS PART OF THAT LAW. YOU KNOW, AN ARTICLE PUBLISHED IN THE U.C. LAW SCHOOL SAID WHAT HAPPENED IN THE LAST YEAR AND A HALF SAID WHAT HAPPENED WAS SO OUTRAGEOUS AND ILLEGAL THAT UNTIL MARCH OF THIS YEAR, NOBODY EVER CONCEPTALIZED IT. THE JUDGE I WAS REFERRING TO COMMENTED FROM THE BENCH THAT THE PENSION MANAGER REPRESENTING THE TEACHERS AND FIREMEN WAS LIKE THE GENTLEMEN IN TIANANMEN SQUARE WHEN THE TANKS CAME ROLLING OVER. I DON'T WANT THE INVESTORS, WHETHER FIREMEN, POLICEMEN OR SENIOR CITIZENS TO FEEL LIKE THEY DID IN THAT CASE. I WANT THEM TO KNOW THATHEIR RIGHTS ARE PROTECTED BY THE RULE OF LAW THROUGH THE BANKRUPTCY PROCESS AND NOT BY SOME POLITICALLY APPOINTED BUREAUCRATS OR REGULATORS THAT CAN STRIP THEM OF THEIR RIGHTS. THAT'S WHAT THE REPUBLICANS STAND FOR AND WE ARE OPPOSED TO THE LANGUAGE IN THE MAJORITY'S BILL.

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  • 04:28:02 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN'S TIME HAS EXPIRED. THE GENTLEMAN FROM ALABAMA.

  • 04:28:05 PM

    MR. BACHUS

    I WOULD INQUIRE AS TO THE TIME LEFT ON EACH SIDE.

  • 04:28:10 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN HAS THREE MINUTES REMAINING. THE GENTLEMAN HAS THE RIGHT TO…

    THE GENTLEMAN HAS THREE MINUTES REMAINING. THE GENTLEMAN HAS THE RIGHT TO CLOSE. THE GENTLEMAN FROM MASSACHUSETTS ' TIME HAS EXPIRED.

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  • 04:28:19 PM

    MR. BACHUS

    WE HEARD THE GENTLEMAN FROM PENNSYLVANIA SAY THAT THERE WERE NO BAILOUTS.…

    WE HEARD THE GENTLEMAN FROM PENNSYLVANIA SAY THAT THERE WERE NO BAILOUTS. I THINK IF YOU SUBMIT THAT STATEMENT TO THE AMERICAN PEOPLE, THEY WOULD TELL YOU THAT THERE WERE BAILOUTS BECAUSE IN FACT, THERE WERE BAILOUTS. THE MAJORITY HAS MADE THE STATEMENT ON THE FLOOR OF THE HOUSE IN DEFENSE OF THIS BILL THAT IT'S ALL BEEN PAID BACK. WELL, IN FACT, IT HAS NOT BEEN ALL PAID BACK AND I THINK ON FURTHER EXAMINATION WE WOULD ALL HAVE TO REMEMBER THE INCONVENIENT FACT THAT A.I.G. STILL OWES THE AMERICAN PEOPLE ABOUT $150 BILLION. FREDDIE MAC AND FANNIE MAE, NOT ONLY ARE THERE HUNDREDS OF BILLIONS OF DOLLARS THAT THEY OWE, BUT THE PRESIDENT, BACK ON DECEMBER 25, GUARANTEED THEIR OBLIGATIONS WHICH COULD RUN IN THE TRILLIONS. NOW, IN ADDITION TO ALL THAT, A FEW STATEMENTS BY THE CHAIRMAN, MR. SPEAKER. THE CHAIRMAN SAYS THAT THERE HAS TO BE TROUBLE BEFORE -- INSTEAD OF GOING THROUGH BANKRUPTCY, THEY GO THROUGH THIS THING WHERE YOU CAN GUARANTEE THEIR OBLIGATIONS. YOU CAN TAKE A SECURITY INTEREST IN THEM. YOU CAN PURCHASE THEIR ASSETS. YOU CAN LEND MONEY TO THEM. WELL, WHO DECIDES THAT? WELL, ACCORDING TO THE BILL, IT INCLUDES THE SECRETARY OF THE TREASURY, THE HEAD OF A SMALL GROUP. THE SENATE BILL INCLUDES THE O.C.C. IT IS --

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  • 04:30:15 PM

    MR. FRANK

    GENTLEMAN SUSPEND?

  • 04:30:19 PM

    MR. FRANK

    HE SAYS IT INCLUDES ALIGS BETH WARREN. I DON'T BELIEVE THE BILL REFERS TO…

    HE SAYS IT INCLUDES ALIGS BETH WARREN. I DON'T BELIEVE THE BILL REFERS TO ALIZ BETH -- ELIZABETH WARREN. . MR.

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  • 04:30:43 PM

    MR. BACHUS

    90% OF THE TOTAL CONSOLIDATED ASSETS. NOW, MR. CHAIRMAN, OR, MR. SPEAKER,…

    90% OF THE TOTAL CONSOLIDATED ASSETS. NOW, MR. CHAIRMAN, OR, MR. SPEAKER, I'D ASK THE CHAIRMAN, MAYBE HE CAN GIVE US THIS FIGURE OR REVIEW MY FIGURES, BUT THE LARGEST CORPORATION IN AMERICA, BANK OF AMERICA, WHICH WOULD QUALIFY UNDER THIS PROGRAM HAS TOTAL ASSETS OF $2,340 ,000,000,000. THAT MEANS THAT THE FDIC COULD BORROW $2 TRILLION. I WOULD ASK THIS, WHAT DO THEY BORROW IT FROM? MORE IMPORTANTLY, IF THEY BORROW $2 TRILLION TO ALLOW BANK OF AMERICA TO GO INTO THIS PROCESS, IF THEY'RE NOT PAID BACK, WHO PAYS IT? AND THE ANSWER IS, THE TAXPAYERS.

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  • 04:31:36 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN'S TIME S EXPIRED. ALL TIME H EXPIRED. WITHOUT OBJECTION, THE…

    THE GENTLEMAN'S TIME S EXPIRED. ALL TIME H EXPIRED. WITHOUT OBJECTION, THE PREVIOUS QUESTION IS ORDERED. THE QUESTION IS ON THE MOTION. THOSE IN FAVOR SAY AYE. THOSE OPPOSED, NO. IN THE OPINION OF THE CHAIR, THE AYES HAVE IT. THE MOTION IS IS AGREED TO AND WITHOUT OBJECTION THE MOTION TO RECONSIDER IS LAID ON THE TABLE.

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  • 04:31:54 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM ALABAMA.

  • 04:31:56 PM

    MR. BACHUS

    I DEMAND THE YEAS AND NAYS.

  • 04:31:58 PM

    THE SPEAKER PRO TEMPORE

    THE YEAS AND NAYS ARE REQUESTED. ALL THOSE IN FAVOR OF TAKING THIS VOTE BY…

    THE YEAS AND NAYS ARE REQUESTED. ALL THOSE IN FAVOR OF TAKING THIS VOTE BY THE YEAS AND NAYS WILL RISE AND REMAIN STANDING UNTIL COUNTED. A SUFFICIENT NUMBER HAVING ARISEN, THE YEAS AND NAYS ARE BILL IS PASSED, AND WITHOUT OBJECTION, THE MOTION TO RECONSIDER IS LAID ON THE TABLE.

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  • 05:30:34 PM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, THE CHAIR APPOINTS THE FOLLOWING CONFEREES ON H.R. 4173.

  • 05:30:48 PM

    THE CLERK

    FROM THE COMMITTEE ON FINANCIAL SERVICES FOR CONSIDERATION OF THE HOUSE…

    FROM THE COMMITTEE ON FINANCIAL SERVICES FOR CONSIDERATION OF THE HOUSE BILL AND SENATE AMENDMENT AND DIFICATIONS COMMITTED TO CONFERENCE, MESSRS. FRANK, KANJORSKI, MS. WATERS, MRS. MALONEY, MESSRS. GUTIERREZ, WATT, MEEKS OF NEW YORK, MOORE OF KANSAS, MS. KILROY, MESSRS. PETERS, BACHUS, ROYCE, MRS. BIGGERT, MRS. CAPITO, MESSRS. HENSARLING AND GARRETT OF NEW JERSEY. FROM THE COMMITTEE ON AGRICULTURE FOR CONSIDERATION OF SUBTITLES A AND B OF TITLE 1, SECTIONS 1303, 1609, 1702, 1703, TITLE 3 EXCEPT SECTIONS 3301 AND 3302, SECTIONS 4205-C, 4804-B-8-B, 5008 AND 7509 OF THE HOUSE BILL AND SECTION 102 SUBTITLE A OF TITLE 1, SECTIONS 406, 604-H, TITLE 7, TITLE 8, SECTIONS 983, 989-E, 1027-J, 1088-A-8, 1098 AND 1099 OF THE SENATE AMENDMENT AND MODIFICATIONS COMMITTED TO CONFERENCE, MESSRS. PETERSON, BOSWELL AND LUCAS. FROM THE COMMITTEE ON ENERGY AND COMMERCE F CONSIDERATION OF SECTIONS 3009, 3102-A-2, 4001, 4002, 4101-0118, 4202, 4204 THROUGH 4210, 4314, 4401 THROUGH 4403, 4410, 4501 THROUGH 4509, 4601 THROUGH 4606,815, 4901. IN THAT PORTION OF SECTION 8002-A-3 BY ADDS A NEW STION 313-D TO TITLE 13, UNITED STATES CODE, OF THE HOUSE BILL AND THAT PORTION OF SECTION 502-A-3 WHICH ADDS A NEW SECTION 313-D TO TITLE 31, UNITED STATES CODE, SECTION 722-E, 1001, 1002, 1011 THROUGH 1018, 1021 THROUGH 1024, 1027 THROUGH 1029, 1031 THROUGH 1034, 1036, 1037, 1041, 1042, 1048, 1051 THROUGH 58, 1061 THROUGH 6 MODIFICATIONS COMMITTED TO CONFERENCE MESSRS. WAXMAN, RUSH AND BARTON OF TEXAS. FROM THE COMMITTEE ON THE JUDICIARY FOR CONSIDERATION OF SECTIONS 1101-E-2, 1104-I-5 AND I-6, 1105-H, 1601, 1605, 1607, 1609, 1610, 1612-A, 3002-C 3 AND 4, 3006, 3119, 3206, 4205-N, 4306-B, 4501 THROUGH 4509, 46, 4905-C-8-D AND E, 6003, 7203-A, 7205, 7205, 7210, 7213 THROUGH 7216, 7220, 7302, 7507, 750 9004, 9104, 9105, 9106-A, 9110-B, 9111, 9118, 9203-C AND 9403 OF THE HOUSE BILL AND SECTIONS 112-B-5-B, 113-H, 153-F, 20 1,202, 205, 208 THROUGH 210, 211-A AND B, 316, 502-A-3, 723-A-3, 724-B, 725-C, 728, 731, 733, 735-B, 744, 748, 763-A, C AND I, 764, 767, 809-F, 922, 924, 929-B, 932, 991-B-5, C-2-3 AND C-3-H. 1024, 1042, 1044-A, 1046-A, 1047, 1051 THROUGH 1058, 1063, 1090, 1095, 1096, 1098, 1151-B AND 1156-B OF THE SENATE AMENDMENT. MESSRS. CONYERS, BERMAN AND SMITH OF TEXAS. FROM THE COMMITTEE ON OVERSIGHT AND GOVERNMENT REFORM FOR CONSIDERATION OF SECTIONS 1000-A, 1007, 1103-D, 1212, 1217, 1254-C, 1609-H-B. 3301, 3302, 3304, 4106-B-2 AND G-4-D. 4801, 4802, 5004, 7203-A, 7409 AND 80-O-3 OF THE HOUSE BILL AND SECTIONS 111-A AND J. 210-H-8, 319, 322, 404, 50283, 748, 763-A, 809-G, 988, 989-B, 89-C, 89-D, 1013-A, 1022-C-6, 1064, 1152 AND 11-A AND B OF THE SENATE AMENDMENT AND MODIFICATIONS COMMITTED TO CONFERENCE. MESSRS. TOWNS, CUMMINGS AND ISSA. FROM THE COMMITTEE ON SMALL BUSINESS FOR CONSIDERATION OF SECRETARIES 1071 -- SECTIONS OF 1071 AND 74, MS. VELAZQUEZ, MESSRS. SHULER AND GRAVES.

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  • 05:38:23 PM

    THE SPEAKER PRO TEMPORE

    FOR WHAT PURPOSE DOES THE GENTLEWOMAN FROM CALIFORNIA RISE?

  • 05:38:28 PM

    MS. WATERS

    I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE LEGISLATIVE DAYS TO…

    I ASK UNANIMOUS CONSENT THAT ALL MEMBERS MAY HAVE FIVE LEGISLATIVE DAYS TO REVISE AND EXTEND THEIR REMARKS ON H.R. 5072 AND TO INSERT EXTRANEOUS MATERIAL THEREON. E SPEAKER PRO TEMPORE: WITHOUT OBJECTION. PURSUANT TO HOUSE RESOLUTION 1424 AND RULE 18, THE CHAIR DECLARES THE HOUSE IN THE COMMITTEE OF THE WHOLE HOUSE ON THE STATE OF THE UNION FOR THE CONSIDERATION OF H.R. 5072. THE CHAIR APPOINTS THE GENTLEWOMAN FROM ILLINOIS, MRS. HALVORSON, TO PRESIDE OVER THE COMMITTEE OF THE WHOLE.

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  • 05:39:19 PM

    THE CHAIR

    IS IN THE COMMITTEE OF THE WHOLE HOUSE ON THE STATE OF THE UNION FOR THE…

    IS IN THE COMMITTEE OF THE WHOLE HOUSE ON THE STATE OF THE UNION FOR THE CONSIDERATION OF H.R. 5072 BY THE CLERK WILL REPORT BY TITLE.

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  • 05:39:27 PM

    THE CLERK

    H.R. A BILL TO IMPROVE THE FINANCIAL SAFETY AND SOUNDNESS OF THE F.H.A.…

    H.R. A BILL TO IMPROVE THE FINANCIAL SAFETY AND SOUNDNESS OF THE F.H.A. MORTGAGE INSURANCE PROGRAM.

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  • 05:39:35 PM

    THE CHAIR

    MADAM CHAIR, I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

  • 05:39:55 PM

    MS. WATERS

    CHAIR, I YIELD MYSELF SUCH TIME AS I MAY CONSUME.

  • 05:40:01 PM

    MSWATERS

    THANK YOU VERY MUCH. MADAM CHAIR WOMAN, I STAND IN STRONG -- CHAIRWOMAN, I…

    THANK YOU VERY MUCH. MADAM CHAIR WOMAN, I STAND IN STRONG -- CHAIRWOMAN, I STAND IN STRONG SUPPORT OF 5072, THE F.H.A. REFORM ACT OF 2010. THIS BILL IS THE PRODUCT OF THREE HEARINGS ON F.H.A. IN THE PAST SIX MONTHS AND BIPARTISAN WORK WITH THE RANKING MEMBER OF THE SUBCOMMITTEE ON HOUSING AND COMMUNITY OPPORTUNITY, CONGRESSWOMAN CAPITO. IN FACT, THIS BILL CONTAINS MOST OF THE PROVISIONS CONGRESSWOMAN CAPITO INCLUDED IN HER BILL ON F.H.A. INTRODUCED EARLIER THIS YEAR. MOREOVER, I AM PROUD TO SAY THAT THIS BILL PASSED OUT OF THE FINANCIAL SERVICES COMMITTEE ON A SIMPLE VOICE VOTE BACK IN APRIL. THE F.H.A. REFORM ACT IS CRITICAL, TIMELY AND IMPORTANT FOR HOUSEHOLDS ACROSS THE COUNTRY. THE ACT WILL ENABLE THE F.H.A. TO RESPOND TO THE CURRENT HOUSING AND ECONOMIC CRISES AND CONTINUE ITS MISSION OF PROVIDING HOMEOWNERSHIP OPPORTUNITIES TO MILLIONS OF AMERICANS. AND WE KNOW THAT NOW MORE THAN EVER PRESERVING THIS MISSION IS CRITICAL. AS THE PRIVATE MARKET HAS CONTRACTED, F.H.A. HAS STEPPED INTO THE VOID AND INJECTED MUCH-NEEDED CREDIT INTO OUR MORTGAGE SYSTEM. INCREASINGLY, IT IS THE ONLY OPTION AVAILABLE FOR AMERICAN HOMEBUYERS WITH LESS THAN A 20% DOWN PAYMENT. F.H.A. INSURANCE HAS BEEN PARTICULARLY IMPORTT FOR MINORITY COMMUNITIES, LOW-INCOME FAMILIES AND FIRST-TIME HOMEBUYERS. THE BILL WOULD PROVIDE F.H.A. WITH MORE FLEXIBILITY TO ADJUST THEIR ANNUAL MORTGAGE INSURANCE PREMIUM. AS I UNDERSTAND IT, IF F.H.A. LIMITS THE PREMIUM INCREASE TO .90%, AS COMMISSIONER STEVENS HAS INDICATED, NEW BORROWERS WILL SEE THEIR MONTHLY PAYMENTS RISE BY ABOUT $42 A MONTH. WHILE I AM RELUCTANT TO PROVIDING F.H.A. MORE FLEXIBILITY, I BELIEVE THAT THIS PROVISION IS NEEDED TO KEEP F.H.A. FINANCIALLY HEALTHY. WE HAVE ALSO TAKEN STEPS TO ENSURE THAT F.H.A. REQUIREMENTS ARE NOT EXCESSIVELY ONEROUS FOR HOMEBUYERS. SECONDLY, THIS BILL PROVIDES F.H.A. WITH THE AUTHORITY TO CRACK DOWN ON LENDERS THAT USE FRAUD OR MISREPRESENTATION OR DON'T ORIGINATE OR UNDERWRITE LOANS IN ACCORDANCE WITH F.H.A. GUIDELINES. F.H.A. HAS ALREADY TAKEN STEPS TO INCREASE ITS LENDER ENFORCEMENT ACTIVITIES AND THE PROVISIONS INCLUDED IN THIS BILL WILL EMPOWER THEM TO CONTINUE TO ROOT OUT THE BAD ACTORS WHILE PRESERVING THE PROGRAM FOR THE LENDERS THAT FOLLOW THE RULES. THIRDLY, THIS BILL EMPOWERS F.H.A. TO IMPROVE THEIR INTERNAL CONTROLS THAT IMPROVE DATA TRACKING, RISK MANAGEMENT AND REPORTING TO THE PUBLIC AND TO CONGRESS. THIS INCLUDES IMPROVING MONITORING OF EARLY DEFAULTS AND CLAIMS, TRACKING MORTGAGE INFORMATION BY LOAN SERVICERS, PROVIDING F.H.A. WITH THE ABILITY TO CONTRACT OUT FOR ADDITIONAL CREDIT RISK ANALYSIS, REQUIRE MORTGAGES TO REPORT -- MORTGAGEES TO REPORT TO F.H.A. WHEN THEY STOP BUYING LOANS FROM OTHER MORGAGEES AND REQUIRING A STUDY ON F.H.A. IT CREATES A NEW DEPUTY ASSISTANT SECRETARY AT F.H.A. FOR RISK MANAGEMENT AND REGULATORY AFFAIRS. I BELIEVE THE BILL IN FRONT OF US FOOD IS CRITICAL FOR ENSURING A STRONG FUTURE FOR F.H.A., AND I REQUEST MY COLLEAGUES' SUPPORT, AND I RESERVE THE BALANCE OF MY TIME.

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  • 05:43:51 PM

    THE CHAIR

    GENTLEWOMAN RESERVES. THE GENTLEWOMAN FROM WEST VIRGINIA IS RECOGNIZED.

  • 05:43:56 PM

    MRS. CAPITO

    THANK YOU, MADAM CHAIR. I'D LIKE TO YIELD MYSELF SUCH TIME AS I MAY…

    THANK YOU, MADAM CHAIR. I'D LIKE TO YIELD MYSELF SUCH TIME AS I MAY CONSUME. I WOULD LIKE TO THANK THE CHAIRWOMAN, CHAIRWOMAN WATERS AND THE CHAIRMAN OF THE FULL COMMITTEE, CHAIRMAN FRANK AND RANKING MEMBER BACHUS FOR THEIR GOOD, HARD WORK ON THIS LEGISLATION. AS I AM AN ORIGINAL CO-SPONSOR OF THIS LEGISLATION, I RISE IN FULL SUPPORT OF H.R. 5072, THE F.H.A. REFORM ACT OF 2010. IT AMENDS THE NATIONAL USING ACT TO INCLUDE ENFORCEMENT IN PREMIUM CHANGES TO THE F.H.A. SINGLE FAMILY MORTGAGE INSURANCE PROGRAM THAT WILL IMPROVE THE INSURANCE FUNDS, FINANCIAL CONDITION AND ENHANCE CERTAIN ENFORCEMENT TOOLS TO PROTECT AGAINST FRAUDULENT OR POORLY UNDERWRITTEN AND INSURED LOANS. THE BILL INCORPORATES A MAJORITY OF THE PROVISIONS IN A BILL THAT I INTRODUCED, H.R. 4811, THE F.H.A. SAFETY AND SOUNDNESS AND TAXPAYER PROTECTION ACT. H.R. 4811, MY BILL, WENT FURTHER THAN THE PROPOSALS PUT FORTH BY THE ADMINISTRATION. MY LEGISLATION INCLUDED SOME ADDITIONAL ENFORCEMENT, FISCAL AND RISK ASSESSMENT TOOLS NECESSARY TO ADEQUATELY ADMINISTER THE PROGRAM, DETECT FRAUD AND ABUSE, STRENGTHEN UNDERWRITING STANDARDS AND PROTECT THE TAXPAYER. I APPRECIATE CHAIRMAN FRANK AND CHAIRWOM WATERS THEIR WILLINGNESS TO CLUE THE ADDITIONAL PROVISIONES THAT WERE PART OF MY BILL WHICH I BELIEVE MADE H.R. 5072 A STRONGER BILL AND ONE THAT IS MORE ABLE TO ADDRESS THE PRESSING CHALLENGES BEFORE THE F.H.A. TODAY. I WOULD ALSO LIKE TO THANK SECRETARY DONOVAN OF H.U.D. AND COMMISSIONER STEVENS OF THE F.H.A. FOR TESTIFYING BEFORE OUR COMMITTEE BUT ALSO FOR WORKING WITH ME AND MY STAFF AND THE MAJORITY STAFF TO FORMULATE WHAT I THINK IS A VERY GOOD BILL. THE F.H.A. WAS ESTABLISHED BY THE NATIONAL HOME ACT OF 1934 TO PROTECT LENDING INSTITUTIONS AND STIMULATE THE BUILDING INDUSTRY. PRIOR TO THE CREATION OF F.H.A., HOME MORTGAGES DID NOT EXCEED 50% OF THE HOME VALUE AND DID NOT EXTEND PAST THE FIFTH YEAR. A THE END OF FIVE YEAR, MORTGAGES HAD TO BE PAID OR RENEGOTIATED. BUT DURING THE GREAT DEPRESSION, LENDERS WERE UNABLE OR UNWILLING TO RENEGOTIATE LOANS THAT CAME DUE. BORROWERS LOST THEIR HOMES AND LENDERS LOST MONEY BECAUSE PROPERTY VALUES DECLINED SIGNIFICANTLY. THE F.H.A. PROGRAM WAS ESTABLISHED TO PROVIDE STABILITY AND LIQUIDITY IN THE MARKET. ITS CREATION FOSTERED THE 30-YEAR MORTGAGE PRODUCT AND LED TO STANDARDIZED MORTGAGE INSTRUMENTS. ONCE AGAIN, F.H.A. HAS PLAYED A BIG ROLE IN THE MARKET. AS THEY SCALED BACK THEIR -- THE F.H.A. HAS INCREASED ITS SHARE OF THE SINGLE FAMILY MORTGAGE MARKET FROM LESS THAN 5% TO MORE THAN 30%. BUT INCREASED DELINQUENCIES AND FORECLOSURES HAVE HAD A DETRENTAL EFFECT ON THE HEALTH OF THE F.H.A. PROGRAM. A REPORT PUBLISHED IN 2009 SHOWED THE CAPITAL RESERVE RATIO FOR THE MUTUAL MORTGAGE INSURANCE FUND, THE MMIF, DROPPED BELOW THE CONGRESSIONALLY MANDATED THRESHOLD OF 2% TO A LESS THAN EXPECTED.53%. A SERIOUS RED FLAG. THE ACTUARIAL REVIEW ALSO INDICATED THE ECONOMIC VALUE OF THE F.H.A. DECLINED OVER 75% FROM LAST YEAR TO 2.7 -- TO $2.73 BILLION. IN LIGHT OF THESE FACTS TRKS ESSENTIAL THAT CONGRESS AND THE F.H.A. ENACT REFORMS TO ENSURE THAT A BAILOUT OF F.H.A. IS NOT AND WILL NOT BE NECESSARY. THE PROVISIONS OF THE BILL ARE AN IMPORTANT STEP TO SUPERVISE AND MONITOR THE F.H.A. PROGRAM AND ADEQUATELY ASSESS RISK. AS THE CHAIRWOMAN HAS SAID OF COURSE THE MANY IMPORTANT PROVISIONS INCLUDED, H.R. 5072 HAS AUTHORIZED THE F.H.A. TO INCREASE ANNUAL INSURAN PREMIUMS. THE PROGRAM IS INTENDED TO BE SELF-FUNDED. PROCEEDS FROM THE PREMIUMS PAID BY THE HOMEOWNERS FOR THE F.H.A. GUARANTEE ARE USED TO OPERATE THE PROGRAM AND PAY THE LOSSES WHEN LOANS DEFAULT. THE ABILITY TO INCREASE ANNUAL PREMIUMS WILL ALLOW H.U.D. THE ABILITY TO RAISE ANNUAL PREMIUMS ABOVE THE.55% CAP, ALLOWING THEM TO MORE ADEQUATELY PRICE FOR RISK AND BUILD UP ITS RESERVE RATIO WHICH HAS FALLEN BELOW THE CONGRESSIONALLY MANDATED LEVEL. THE INDEMOCRATNYITY PROVISIONS WILL ALLOW H.U. TO SECRETRY BUTION AGAINST UNSCRUPULOUS LENDERS WHO MAKE LOANS THEY NEVER SHOULD HAVE MADE. IT GIVES H.U.D. THE TOOLS THEY NEED TO RAISE THE PREMIUMS SO THEY CAN BEGIN THE PROCESS O PUTTING THE F.H.A. PROGRAM BACK ON THE ROAD TO A PROGRAM THAT HAS AN ADEQUATE RESERVE RATIO AND ENOUGH PROGRAM FOR A PROGRAM TO RUN IN A SAFE AND SOUND MANNER. LET ME BE CLEAR, H.R. 5072 IS NOT A PAN SEE YASM THE DEPARTMENT AND THE -- IS NOT A PANACEA. WE MUST BE EVER-VIGILANT TO ENSURE THAT THE PROGRAM IS OPERATED IN A WAY THAT THE TAX PAYER IS PROTECTED. RECENT REPORTS THAT FANNIE MAE AND FREDDIE MAC ARE RESPONSIBLE FOR 100% OF THE NEW MORTGAGE ORIGINATION, WHICH MEANS EXPOSURE OF THE TAXPAYER CONTINUES TO GROW DAY BY DAY. THAT'S WHY IT IS STILL AND HAS BEEN IMPERATIVE THAT REFORM OF FANNIE MAE AND FREDDIE MAC BE PART OF ANY REGULATORY REFORM IN THE SYSTEM. THEY WERE A BIG PART THEY HAVE -- OF THE PROBLEM AND MUST BE PART OF THE SOLUTION. THERE ARE NUMEROUS ISSUES BEING DEBATED SUCH AS RETENTION, QUALIFIED MORTGAGES, DERIVATIVES, HEDGE FUNDS AND THE LIST GOES ON THAT COULD HAVE SIGNIFICANT IMPLICATIONS FOR THE FUTURE OF THE MORTGAGE MARKET AS WELL AS DIRECTION FOR THE REFORM OF FANNIE AND FREDDIE. BEFORE US TODAY, H.R. 5072, THIS BILL WE ARE CONSIDERING TODAY IS EXTREMELY IMPORTANT BECAUSE IT PROVIDES THE ADMINISTRATION WITH THE ABILITY TO INCREASE THE PREMIUMS WHICH WILL IMPROVE F.H.A.'S CURRENT FINANCIAL SITUATION AND PREVENT THE NEED FOR TAXPAYER BAILOUTS. I URGE MY COLLEAGUES TO SUPPORT H.R. 5072 AND I'D LIKE TO RESERVE THE BALANCE OF MY TIME.

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  • 05:50:32 PM

    THE CHAIR

  • 05:50:46 PM

    MS. LEE

    THE GENTLEWOMAN.

  • 05:50:56 PM

    >>

    RECOGNIZE THE GENTLEMAN FROM NEW YORK.

  • 05:51:01 PM

    THE CHAIR

  • 05:51:14 PM

    MR. LEE

    I SHAREHE FRUSTRATION THAT I HEAR FROM M CONSTITUENTS IN WEST NEW YORK WHO…

    I SHAREHE FRUSTRATION THAT I HEAR FROM M CONSTITUENTS IN WEST NEW YORK WHO HAVE BEEN RESPONSIBLE HOMEOWNERS BUT WHO ARE INCREASINGLY PAYING THE PRICE FOR THE INADQUACY OF FRAUD AND ABUSE THROUGHOUT THE MORTGAGE SYSTEM. NO ONE, NO BUSINESS, AND NO PERSON, SHOULD BE ABLE TO TAKE RISKS WITHOUT HAVING THE ACCEPTANCE OF CONSEQUENCES. WE'VE ALL SEEN THE CONSEQUENCES OF THE ACTIONS TAKEN BY IRRESPONSIBLE LENDING PRACTICES AND CONGRESS HAS RIGHTFULLY LOOKED AT OUTDATED MORTGAGE STRUCTURES TO ENSURE RESPONSIBLE HOMEOWNERS HAVE ACCESS TO SAFE AND AFFORDABLE MORTGAGES WITHOUT FORCING THEM TO PAY FOR THE IRRESPONSIBILITY OF OTHERS. EARLIER THIS YEAR, I JOINED MY FRIEND FROM NEW JERSEY, MR. ADLER, IN INTRODUCING H R. 3146, THE 21ST CENTURY F.H.A. HOUSING ACT WHICH TOOK MUCH OF WHAT WE HAVE LEARNED FROM PAST F.H.A. SHORTAGES TO ENSURE THEY DON'T HAPPEN AGAIN. I'M PLEASED THAT THE BILL BEFORE US TODAY DOES THIS AS WELL AND INCLUDES MANY OF THE REFORMS WE HAD PROPOSED LAST YEAR. H.R. 5078 WILL HELP ENSURE THE F.H.A. WILL BE A STABILIZING FORCE IN THE MARKET AND SUPPORT RESPONSIBLE HOME OWNERSHIP. GIVEN THAT F.H.A. IS NOW ONE OF THE PRIMARY FACILITATORS OF MORTGAGE FINANCING, IT'S ABSOLUTELY NECESSARY WE GET THIS REFORM RIGHT. F.H.A. MUST HAVE THE RESOURCES IT NEEDS TO OVERSEE MORTGAGES AND ENSURE THAT NO BAD ACTORS ARE ALLOWED TO FUNCTION IN THE MARKETPLACE. WE NEED A RESPONSIVE, EFFICIENT, AND CAPABLE F.H.A. TO HELP ENSURE THAT OWNING A HOME REMAINS PART OF THE AMERICAN DREAM. I BELIEVE THE BILL BEFORE US TODAY WILL HELP KEEP THAT DREAM ALIVE. I URGE MY COLLEAGUES TO SUPPORT THE PASSAGE AND I YIELD BACK THE BALANCE OF MY TIME. THANK YOU.

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  • 05:53:08 PM

    THE CHAIR

    THE GENTLEMAN YIELDS BACK. THE GENTLEWOMAN FROM CALIFORNIA IS RECOGNIZED.

  • 05:53:16 PM

    >>

    SPEAKERS. DOES THE GENTLELADY HAVE FURTHER SPEAKERS?

  • 05:53:21 PM

    MRS. CAPITO

    PREPARED TO CLOSE.

  • 05:53:25 PM

    THE CHAIR

    GENTLEWOMAN FROM WEST VIRGINIA IS RECOGNIZED. MRS. CAPITOI REITERATE THAT…

    GENTLEWOMAN FROM WEST VIRGINIA IS RECOGNIZED. MRS. CAPITOI REITERATE THAT THIS BILL HAS MY SUPPORT. IT PASSED OUT OF THE COMMITTEE BY VOICE VOTE, IT WAS CAREFULL I THINK WE DID A GOOD JOB MEETING EACH OTHER HALFWAY ON CEAIN ISSUES WE MIGHT HAVE HAD DISAGREEMENT ON AND I LOOK FORWARD TO THE PASSAGE OF THIS BILL AND I YIELD BACK THE BALANCE OF MY TIME.

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  • 05:53:47 PM

    THE CHAIR

    THE GENTLEWOMAN YIELDS BACK. THE GENTLEWOMAN FROM CALIFORNIA IS RECOGNIZED.

  • 05:53:51 PM

    MS. WATERS

    THANK YOU VERY MUCH, MADACHAIR. I WOULD SIMPLY LIKE TO CLOSE BY THANKS…

    THANK YOU VERY MUCH, MADACHAIR. I WOULD SIMPLY LIKE TO CLOSE BY THANKS MRS. CAPITO FOR ALL OF THE WORK SHE PUT INTO THIS LEGISLATION AND THE COOPERATION THAT SHE GAVE TO ME AND HER STAFF TO MY STAFF. THIS IS A GOOD BILL. THE DIFFERENCES HAVE BEEN WORKED OUT BETWEEN BOTH SIDES OF THE AISLE. WE WORKED HARD TO MAKE SURE THAT WE MAINTAINED F.H.A. BUT WE KEEP A CLOSE WATCH ON IT THAT IN FACT WE GIVE IT FLEXIBILITY BUT AT THE SAME TIME, ENSURE THE CONTINUITY AND THE CONSISTENCY OF F.H.A. THAT SHOULD BE THERE TO PROVIDE THE GUARANTEES FOR OUR CITIZENS THAT SO DESPERATELY NEED THEM. WITH THAT, MADAM CHAIR, I YIELD BACK THE BALANCE OF MY TIME.

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  • 05:54:42 PM

    THE CHAIR

    THE GENTLEWOMAN YIELDS BACK THE BALANCE OF HER TIME. FOR WHAT PURPOSE DOES…

    THE GENTLEWOMAN YIELDS BACK THE BALANCE OF HER TIME. FOR WHAT PURPOSE DOES THE GENTLEWOMAN FROM CALIFORNIA RISE?

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  • 05:54:53 PM

    MS. WATERS

    TH THE COMMITTEE RISE.

  • 05:55:01 PM

    THE CHAIR

    THE QUESTION IS ON THE MOTION THAT THE COMMITTEE RISE. THOSE IN FOR SAY…

    THE QUESTION IS ON THE MOTION THAT THE COMMITTEE RISE. THOSE IN FOR SAY AYE. THOSE OPPOSED, NO. THE AYES HAVE IT. THE MOTION IS ADOPTED. ACCORDINGLY, THE COMMITTEE RISES.

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  • 05:55:25 PM

    THE SPEAKER PRO TEMPORE

    MADAM CHAIR?

  • 05:55:30 PM

    THE CHAIR

    THE COMMITTEE OF THE WHOLE HOUSE ON THE STATE OF THE UNION HAS HAD UNDER…

    THE COMMITTEE OF THE WHOLE HOUSE ON THE STATE OF THE UNION HAS HAD UNDER CONSIDERATION H.R. 5072, DIRECTS ME TO REPORT THAT IT HAS COME TO NO RESOLUTION THEREON.

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  • 05:55:41 PM

    THE SPEAKER PRO TEMPORE

    THE CHAIR OF THE COMMITTEE OF THE WHOLE HOUSE ON THE STATE OF THE UNION…

    THE CHAIR OF THE COMMITTEE OF THE WHOLE HOUSE ON THE STATE OF THE UNION REPORTS THAT THE COMMITTEE HAS HAD UNDER CONSIDERATION H.R. 5072 AND HAS COME TO NO RESOLUTION THEREON.

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  • 05:56:06 PM

    THE SPEAKER PRO TEMPORE

  • 05:56:21 PM

    MS. ROS-LEHTINEN

    UNANIMOUS CONSENT TO ADDRESS THE HOUSE FOR ONE MINUTE.

  • 05:56:25 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLELADY IS RECOGNIZE.

  • 05:56:28 PM

    MS. ROS-LEHTINEN

    YESTERDAY IT WAS ANNOUNCED OIL MAY BE SPREADING THROUGH THE OCEAN IN…

    YESTERDAY IT WAS ANNOUNCED OIL MAY BE SPREADING THROUGH THE OCEAN IN LAYERS. THIS IS ANYTHING BUT A RECENT REVELATION, EXCEPT TO B.P. I SENT A LETTER LAST MONTH TO EXAMINE THE AMOUNTS OF OIL SUSPENDED IN THE WATER COLUMN BELOW THE OCEAN'S SURFACE. YET UNTIL YESTERDAY, OFFICIALS FAILED TO ACKNOWLEDGE WHAT MANY IN THE SCIENTIFIC COMMUNITY WERE ALREADY SAYING THAT UNDER WATER OIL PLUMES ARE POSSIBLE AND THEY POSE A TREMENDOUS THREAT. MY CONGRESSIONAL DISTRICT IS HOME TO A VARIETY OF ECOSYSTEMS, CORAL REEFS, MANGROVES, SEA GRASS BEDS AND MANY SPECIES OF FISH. NOAA AND B.P. MUST DO A BETTER JOB OF EXAMINING THE DAMAGE OF CRUDE OIL AND DISPERSANTS AT AL DEPTHS. MY CONSTITUENTS DEMAND WE UTILIZE ALL AVAILABLE RESOURCES. GET THIS RIGHT BEFORE THE DISASTER BECOMES EVEN WORSE.

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  • 05:57:38 PM

    THE SPEAKER PRO TEMPORE

    ARE THERE ANY FURTHER REQUESTS FOR ONE MINUTES? FOR WHAT PURPOSE DOES THE…

    ARE THERE ANY FURTHER REQUESTS FOR ONE MINUTES? FOR WHAT PURPOSE DOES THE GENTLEWOMAN FROM FLORIDA RISE?

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  • 05:57:55 PM

    MS. ROS-LEHTINEN

    THANK YOU, MADAM SPEAKER. I ASK ANNAPOLIS CONSENT THAT ALL MEMBERS HAVE…

    THANK YOU, MADAM SPEAKER. I ASK ANNAPOLIS CONSENT THAT ALL MEMBERS HAVE FIVE LEGISLATIVE DAYS TO REVISE AND TEND THE REMARKS AND INCLUDE EXTRANEOUS MATERIAL ON THE MOTION TO INSTRUCT ON H.R. 4173.

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  • 05:58:09 PM

    THE SPEAKER PRO TEMPORE

    WIOUT OBJECTION.

  • 05:58:11 PM

    MS. ROS-LEHTINEN

    THANK YOU, MADAM SPEAKER. I ASK ANNAPOLIS CONSENT ALSO THAT TODAY…

    THANK YOU, MADAM SPEAKER. I ASK ANNAPOLIS CONSENT ALSO THAT TODAY FOLLOWING LEGISLATIVE BUSINESS AND ANY SPECIAL ORDERS HERETOFORE ENTERED INTO, THE FOLLOWING MEMBERS MAY BE PERMITTED TO ADDRESS THE HOUSE, REVISE AND EXTEND THEIR REMARKS AND INCLUDE THEREON EXTRANEOUS MATERIALS. MR. MORAN, JUNE 16, FOR FIVE MINUTES. MR. POE, JUNE 16, FOR FIVE MINUTES. MR. JONES, JUNE 16, FOR FIVE MINUTES. MR. DIAZ-BALART, LINCOLN, TODAY, JUNE 10, FOR FIVE MINUTES. DR. GINGREY, TODAY FOR FIVE MINUTES. MR. RATHER BALKER TODAY FOR FIVMINUTES. THANK YOU, MADAM SPEAKER.

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  • 05:58:49 PM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM CALIFORNIA…

    WITHOUT OBJECTION. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM CALIFORNIA RISE?

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  • 05:58:56 PM

    >>

    MAY BE PERMITTED TO ADDRESS THE HOUSE FOR FIVE MINUTES AND REVISE AND…

    MAY BE PERMITTED TO ADDRESS THE HOUSE FOR FIVE MINUTES AND REVISE AND EXTEND THEIR REMARKS. MS. BUSH MR. HOLT FOR FIVE MINUS, MR. SCHIFF FOR FIVE MINUTES, MS. RICHARDSON FOR FIVE MINUTES AND MR. SCHIFF FOR FIVE MINUTES.

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  • 05:59:21 PM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION. MS. WOOLSEY OF CALIFORNIA.

  • 05:59:41 PM

    >>

    UNANIMOUS CONSENT TO SPEAK OUT OF ORDER.

  • 05:59:45 PM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTN, THE GENTLEMAN FROM CALIFORNIA WILL TAKE MS. WOOLSEY'S --…

    WITHOUT OBJECTN, THE GENTLEMAN FROM CALIFORNIA WILL TAKE MS. WOOLSEY'S -- OH, EXCUSE ME. UNDER THE SPEAKER'S -- THE GENTLEMAN WILL SUSPEND. UNDER THE SPEAKER'S ANNOUNCED POLICY OF JANUARY 6, 2009, AND UNDER A PREVIOUSED ORER OF THE HOUSE THE FOLLOWING MEMBERS ARE RECOGNIZED FOR FIVE MINUTES. THE GENTLEMAN FROM CALIFORNIA IS RECOGNIZED FOR FIVE MINUTES.

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  • 06:00:14 PM

    >>

    SHIPS IGNITED A FIRESTORM AROUND THE WORLD. FOREIGN COMMENTATORS WHO LOOK…

    SHIPS IGNITED A FIRESTORM AROUND THE WORLD. FOREIGN COMMENTATORS WHO LOOK ASKANCE AT THE JEWISH STATE IN THE BEST OF TIMES CONDEMNED THE RAID IN THE STROEST OF TERMS, ATTEMPTING TO CAST IT AS ANOTHER EXAMPLE OF ISRAEL'S SUPPOSED SLIDE TOWARD SOUTH AFRICAN-STYLE APARTHEID OR EVEN FASCISM. HERE AND IN ISRAEL ITSELF, THE REACTION REFLECTED A DEEPER UNDERSTANDING OF THE BROAD SPECTRUM OF THREATS CONFRONTING ISRAEL. MR.

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  • 06:00:44 PM

    MR. SCHIFF

    THE EXECUTION OF THE RAID ITSELF WAS CRITICIZED AT SOME QUARTERS BUT THERE…

    THE EXECUTION OF THE RAID ITSELF WAS CRITICIZED AT SOME QUARTERS BUT THERE REMAINS A FUNDAMENTAL UNDERSTANDING OF THE UNDERLYING CONDITIONS THAT GAVE RISE TO THE BLOCKADE OF GAZA AND THE REALIZATION THAT THOSE CONDITIONS PERSIST AND AS LONG AS GAZA REMAINS UNDER THE CONTROL OF HAMAS, THERE CAN BE NO LASTING PEACE BETWEEN ISRAEL AND THE PALESTINIANS. HAMAS HAVE REPEATEDLY REFUSED TO ANNOUNCE TERROR, TO A BUY -- ABIDE BY AGREEMENTS AND RECOGNIZE ISRAEL'S RIGHT TO EXIST. THEY'VE USED GAZA'S IMPOVERISHED POPULATION AS HUMAN SHIELDS IN THEIR WAR OF ATTRITION WITH ISRAEL AND HAVE SUBORDINATED THEIR PEOPLE'S NEEDS TO THE QUEST FOR ROCKETS AND OTHER WEAPONS. TWO DAYS AGO ISRAELI FORCES INTERCEPTED AN ARMED SQUAD OF FIVE TERRORISTS WEARING DIVING SUITS AND APPARENTLY ON THEIR WAY TO ATTACK ISRAELI TARGETS. MADAM SPEAKER, THERE CAN BE NO DOUBT THAT THESE DANGEROUS -- THESE ARE DANGEROUS TIMES FOR ISRAEL AND THAT AMERICA MUST STAND BY THE MIDDLE EAST'S ONLY DEMOCRACY IN ITS QUEST FOR PEACE AND SECURITY. DESPITE FOUR ROUNDS OF U.N. SANCTIONS, INCLUDING TODAY'S PASSAGE OF TIGHTER FINANCE CURBS AND EXTENDED ARMS EMBARGO, IRAN HAS NOT BEEN DETERED IN ITS QUEST TO DEVELOP NUCLEAR WEAPONS. WHILE THIS LATEST ROUND OF SANCTIONS IS A WELCOME STEP, THERE IS DEEP SKEPTICISM THAT PRESIDENT AHMADINEJAD AND THE HARD-LINING CLERICS CAN BE PERSUADED FROM THE CURRENT COURSE. IRAN ARMED WITH A BOMB WOULD BE A CATASTROPHE, DESTABILIZING THE MIDDLE EAST AND TRIGGERING AN ARMS RACE IN THE REGION. PRESIDENT OBAMA AND SECRETARY OF STATE CLINTON HAVE DONE A GREAT SERVE TO ISRAEL, TO THE GREAT MIDDLE EAST AND TO THE CAUSE OF INTERNATIONAL PEACE AND SECURITY THROUGH THE EFFORTS TO FORGE A CONSENSUS IN THE SECURITY COUNCIL AND OFFER THEM MY PERSONAL THANKS. BUT EVEN AS WE APPLAUD TODAY'S SANCTIONS VOTE, WE MUST REDOUBLE OUR EFFORTS TO PREVENT TEHRAN FROM ACQUIRING NUCLEAR WEAPONS AND I LOOK FORWARD TO FURTHER DIPLOMATIC AND UNILATERAL INITIATIVES TO CONVINCE TEHRAN THAT THE COST OF CONTINUING ON THIS RECKLESS PATH ARE GREATER THAN IN THE PERCEIVED BENEFIT. HEZBOLLAH, THE MILITIA POLITICAL PARTY CREATED IN LEBANON, HAS REARMED IN THE AFTERMATH OF THE 2006 WAR WITH ISRAEL. ITS ARSENAL OF SHORT-RANGE MISSILES HAS REPORTEY BEEN AUGMENTED BY LONG-RANGE SCUDS WHICH CAN REACH TARGETS THROUGHOUT ISRAEL. THE SCUDS, BELIEVED TO BE SUPPLIED BY SYRIA, AUGMENT HEZBOLLAH'S EXISTING STOCKPILE OF UP TO 40,000 ROCKETS STORED IN UNDERGROUND BUNKERS IN SOUTHERN LEBANON. TURKEY, WHICH HAD BEEN ISRAEL'S STRONGEST MUSLIM MAJORITY ALLY AND IMPORTANT MEDIATOR BETWEEN JERUSALEM AND ARAB CAPITALS, HAS IN RECENT MONTHS BECOME HOSTILE TO ISRAEL. IN ADDITION TO HOSTING THE ORGANIZERS OF THE GAZFLOTILLA, TURKEY HAS SAID IT WOULD REDUCE MILITARY AND TRADE TIES AND PUT OFF DISCUSSIONS OF ENERGY PRODUCTS -- PROJECTS INCLUDIN NATURAL G AND FRESHWATER SHIPMENTS. LAST YEAR THE PRIME MINISTER ACCUSED ISRAEL OF BEING A GREATER VIOLATOR OF HUMAN RIGHTS THAN THE SUDAN AND TODAY TURKEY WAS ONE OF ONLY TWO VOTES AGAINST NEW ROUNDS OF SANCTIONS AGAINST IRAN IN THE SECURITY COUNCIL. THE BROAD-BASED INTERNATIONAL CAMPAIGN TO DELEGITIMATIZE ISRAEL. THE UNIVERSITY CAMPUSES HAVE BEEN DIVIDED BY DIVESTMENT CAMPAIGNS AND THERE HA BEEN ACADEMIC AND ECONOMIC BOYCOTTS OF ISRAEL IN EUROPE. AND MANY ISRAELIS ARE WARY OF TRAVELING TO SEVERAL EUROPEAN COUNTRIES. THE GREAT MAJORITY OF THE WORLD'S PEOPLE ALIVE TODAY WERE NOT BORN-YEAR-OLD WELL AFTER WORLD WAR II AND DID NOT BEAR WITNESTO THE HOLOCAUST. THEY DID NOT WATCH AS THOUSANDS OF JEWISH REFUGEES DESPERATE TO START A NEW LIFE IN PALESTINE AFTER THE WAR WERE PREVENTED FROM ENTERING THE COUNTRY BY BRITAIN. THEY DID NOT WITNESS THE MIRACLE OF ISRAEL'S BTH IN 1948 AND THE IMMEDIATE INVASION OF THE NEW STATE BY FIVE ARAB ARMIES. FOR MORE THAN SIX DECADES, THIS COUNTRY HAS STOOD BY ISRAEL. WE HAVE ADMIREDITY PLUCK, ITS INGENUITY AND ITS DEDICATION TO DEMOCRATIC PRINCIPLES DESPITE ALL THE THREATS IT FACES. WHILE THERE HAS ALWAYS BEEN A STRATEGIC DIMENSION TO THE U.S.-ISRAEL ALLIANCE, THE RELATIONSHIP HAS BEEN ROOTED IN OUR SHARED VALUES. MADAM SPEAKER, 17 YEARS AGO ON T OCCASION OF THE SIGNING OF THE OSLO ACCORDS, THE LATE PRIME MINISTER SPOKE MOVINGLY OF HIS GERMANY. HE'S SAID, WEEFPK COME FROM JERUSALEM, THE CAPITAL OF THE JEWISH PEOPLE. WE'VE COME FROM AN ANGUISHED AND GRIEVING LAND. WE'VE COME FROM A PEOPLE, A HOME, A FAMILY THAT HAS NOT KNOWN A SINGLE YEAR, NOT A SINGLE MONTH IN WHICH MOTHERS HAVE NOT WEPFOR THEIR SONS. WE HAVE COME TO TRY AND PUT AN END TO THE HOSTILITIES SO THAT OUR ILDREN AND OUR CHILDREN'S CHILDREN WILL NO LONGER HAVE TO EXPERIENCE THE PAINFUL COSTF WAR, VIOLENCE AND TERROR. WE HAVE COME TO SECURE THEIR LIVES AND TO EASE THE SORROW AND PAINFUL MEMORIES OF THE PAST. TO HOPE AND PRAY FOR PEACE. WE SHARE THE PRIME MINISTER'S SORROW.

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  • 06:05:31 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN'S TIME HAS EXPIRED.

  • 06:05:33 PM

    MR. SCHIFF

    TO THE PEOPLE OF ISRAEL, WE SAY, MERK IS -- AMERICA IS WITH US -- WITH…

    TO THE PEOPLE OF ISRAEL, WE SAY, MERK IS -- AMERICA IS WITH US -- WITH YOU. I YIELD BACK. THE SPKER PRO TEMPORE: THE GENTLEMAN'S TIME HAS EXPIRED. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM TEXAS RISE?

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  • 06:05:42 PM

    MR. POE

    UNANIMOUS COULD BE SENT TO ADDRESS THE HOUSE FOR ONE MINUTE.

  • 06:05:45 PM

    THE SPEAKER PRO TEMPORE

  • 06:05:48 PM

    MR. POE

    MR. SPEAKER, SARA CARTER AT THE WASHINGTON EXAMIR REPORTS THE MEXICAN…

    MR. SPEAKER, SARA CARTER AT THE WASHINGTON EXAMIR REPORTS THE MEXICAN GOVERNMENT HAS OPENED UP A SATELLITE CONS LAR OFFICE IN CALIFORNIA. IT WILL BE HOUSED AT THE ISLAND'S COUNTRY CLUB. CAT LYNNA BAY IS A POSTCARD PICTURE OF THE LIFESTYLE OF THE RICH AND FAMOUS BUT THE ISLAND HAS A LONG HISTORY OF DRUG SMUGGLING AND HUMAN TRAFFICKING. THE OFFICE IS NOT THERE TO HELP PEOPLE COME TO THE UNITED STATES LEGALLY. BUT THE MEXICAN GOVERNMENT IS GIVING OUT I.D. CARDS TO ILLEGALS. THESE CARDS ARE USED BY ILLEGALS IN THE UNITED STATES TO GET CREDIT, OPEN BANK ACCOUNTS AND GET THIS, RECEIVE FEDERALLY FUNDED HOUSING ON THE ISLAND. THE MEXICAN GOVERNMENT IS AN ACCOMPLICE TO THE UNLAWFUL ENTRY BY THESE ILLEGALS AND IS FURTHER HE EZZ EVIDENCE OF THE WILLFUL ARROGANCE OF MEXICO HE TO VIOLATE IMMIGRATION LAWS I.C.E. OFFICERS SAID MEXICAN OFFICIALS ASKED THEM TO TEMPORARILY HALT ENFORCEMENT OF U.S. IMMIGRATION LAWS ONLY THE -- ON THE ISLAND. ISN'T THAT SPECIAL?

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  • 06:06:44 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN'S TIME HAS EXPIRED.

  • 06:06:47 PM

    MR. POE

    JUST THE WAY IT IS.

  • 06:06:50 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN'S TIME HAS EXPIRED. MS. BALDWIN OF WISCONSIN. FOR WHAT…

    THE GENTLEMAN'S TIME HAS EXPIRED. MS. BALDWIN OF WISCONSIN. FOR WHAT PURPOSE DOES THE GENTLEWOMAN FROM NEW YORK RISE?

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  • 06:06:57 PM

    >>

    TO CLAIM THE TIME.

  • 06:07:00 PM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION,HE GENTLEWOMAN FROM NEW YORK IS RECOGNIZED FOR FIVE…

    WITHOUT OBJECTION,HE GENTLEWOMAN FROM NEW YORK IS RECOGNIZED FOR FIVE MINUTES.

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  • 06:07:04 PM

    >>

    THANK YOU, MR. CHAIRMAN. AND I APPRECIATE THE TIME. I WANT TO TALK TONIGHT…

    THANK YOU, MR. CHAIRMAN. AND I APPRECIATE THE TIME. I WANT TO TALK TONIGHT ABOUT, OBVIOUSLY, SOME OF THE ISSUES THAT ARE ON EVERYBODY'S MIND ON WHAT HAPPENED LAST WEEK WITH ISRAEL. THIS IS A PREMEDITATED ATTACK INTENDED TO PROVOKE A RESPONSE AND PURPOSELY INITIATE A VIOLENT CONFRONTATION. WE KNOW THAT THOSE ON THE FLOTILLA HAD TERRORIST TIES TO HAMAS AND TO IRAN AND THAT ISRAEL WARNED THE BOATS THAT THEY WERE IN VIOLATION OF A LAWFUL BLOCKADE AND OFFERED THEM SAFE HARBOR.

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  • 06:07:40 PM

    MRS. MCCARTHY

    THE HUMANITARIAN AID WOULD BE DELIVERED TO GAZA. IT'S TRIKE TRYING --…

    THE HUMANITARIAN AID WOULD BE DELIVERED TO GAZA. IT'S TRIKE TRYING -- STRIKING HOW QUICK THE WORLD LOOKED TO BLAME ISRAEL FOR THIS INCIDENT. BUT AS THE DETAILS HAVE EMERGED, IT HAS BECOME CLEAR THAT ISRAEL MILITARY ATTEMPTED TO RESOLVE THE SITUATION PEACEFULLY AND IN ACCORDANCE WITHNTERNATIONAL LAW. I FULLY SUPPORT ISRAEL AND THEIR RIGHT TO KEEP ITS PEOPLE SAFE. IT'S MY SINCERE HOPE THAT THIS INCIDENT WILL NOT DETER OUR COUNTRY AND THE INTERNATIONAL COMMUNITY FROM THE NEED TO CONTINUE TO -- FOR THNEED TO CONTINUE TO SUPPORT ISRAEL, RECOGNIZE ITS RIGHT TO EXIST AND TAKE THE STEPS REQUIRED TO ADVANCE THE PEACE PROCESS. ISRAEL IS OUR LONGSTANDING ALLY AND FRIEND OF THE UNITED STATES. AND WE SHOULD CONTINUE TO DO WHATEVER WE CAN TO SUPPORT ISRAEL AND ENSURE THAT INTERNATIONAL CHALLENGES TO SECURITY ARE REVOLVED QUICKLY AND PEACEFULLY. THESE ISRAEL SERVICE MEMBERS WERE BEATEN AND STABBED FOR JUST TRYING TO ESCORT THE STHOIP PORT. THOSE ONBOARD THE SHIP WERE TRYING TO HELP A RECOGNIZED TERRORIST GROUP, HAMAS, AND IRAN HAS OFFERED TO ESCORT FUTURE FLOTILLAS. IRAN IS A THREAT NOT JUST TO THE UNITED STATES OR ISRAEL BUT THE WORLD. AND IS A REAL THREAT AGAINST GLOBAL SAFETY. WE CANNOT JUST SIT AND WATCH IRAN STIR THIS POT UP ANYMORE. IRAN HAS VOWED TO ELIMINATE ISRAEL HE. WE AS UNITED STATES SHOULD STAY TOGETHER TO MAKE SURE THAT ISRAEL, THE TRUE DEMOCRACY IN THE MIDDLE EAST, HAS THAT OPPORTUNITY TO PROTECT ITS LAND. MR. CHAIRMAN, IT'S ALWAYS A TERRIBLE THING WHEN THERE'S LOSS OF LIFE. BUT IT'S MORE TERRIBLE WHEN OTHER DEMOCRACIES START TO CONDEMN A FURTHER DEMOCRACY. ISRAEL HAS THE RIGHT TO PROTECT ITSELF AND ITS CITIZENS. WE IN THE UNITED STATES WOULD HAVE DONE THE SAME THING. WE IN THE UNITED STATES HAVE COME BACK TO PROTECT OUR CITIZENS. WITH THAT I YIELD BACK THE BALANCE OF MY TIME.

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  • 06:09:52 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLELADY YIELDS BACK THE BALANCE OF HER TIME. FOR WHAT PURPOSE DOES…

    THE GENTLELADY YIELDS BACK THE BALANCE OF HER TIME. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM GEORGIA RISE?

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  • 06:09:57 PM

    >>

    TO ADDRESS THE HOUSE FOR ONE MINUTE, REVISE AND EXTEND.

  • 06:09:59 PM

    THE SPEAKER PRO TEMPORE

    WITHOUT OBJECTION, THE GENTLEMAN IS RECOGNIZED FOR ONE MINUTE.

  • 06:10:02 PM

    MR. GINGREY

    MR. SPEAKER, I APPLAUD THE HIGH SCHOOL BASEBALL TEAM FOR REACHING THEIR…

    MR. SPEAKER, I APPLAUD THE HIGH SCHOOL BASEBALL TEAM FOR REACHING THEIR FIRST EVER CLASS A STATE CHAMPIONSHIP SERIES. I'M A PROUD GRADUATE OF ST. THOMAS AND AUGUSTA, GEORGIA, AND UNDER COACH DENNEY LEONARD. SO I WAS PARTICULARLY THRILLED TO HEAR THE SUCCESS THAT THEY ENJOYED THIS SEASON. THE COACH DID A TERRIFIC JOB GETTING HIS TEAM TO THE CHAMPIONSHIP. THEY SURPASSED ALL EXPECTATIONS, THEY WERE NOT FORECASTED TO MAKE IT PAST THE SECOND ROUND OF THE TOURNAMENT. SO I KNOW THE COACH MUST BE ESPECIALLY PROUD WITH THE TEAM'S MARCH TO THE STATE FINALS. THE FIGHTING IRISH TOOK DOWN WALKER IN A COMPETITIVE THREE-GAME SEMIFINAL SERIES AND THEN THEY ADVANCED TO THE CHAMPIONSHIP TO FACE WESTLAND, THE DEFENDING STATE CHAMPIONS. THEY GAVE IT ALL THEY HAD BUT UNFORTUNATELY CAME UP A LITTLE SHORT. NEVERTHELESS, THEY HAVE A VERY YOUNG TEAM SO THERE'S NOT A DOUBT IN MY MIND THAT THEY WILL BE BACK NEXT YEAR, EVER STRONGER, EVEN STRONGER AND MORE COMPETITIVE. CONGRATULATIONS ON YOUR HARD WORK, ACCOMPLISHES AND GREAT SEASON. GO IRISH AND I YIELD BACK.

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  • 06:11:05 PM

    THE SPEAKER PRO TEMPORE

  • 06:11:35 PM

    MR. POE

    THANK YOU, MR. SPEAKER. THE MORATORIUM ON DEEP WATER OFFSHORE DRILLING…

    THANK YOU, MR. SPEAKER. THE MORATORIUM ON DEEP WATER OFFSHORE DRILLING WILL PREVENT DRILLI IN THE GULF OF MEXICO FOR THE NEXT SIX MONTHS OR LONGER. AND WHY DO WE HAVE THE MORATORIUM? WHAT IS THE PURPOSE? WHEN WE HAVE A PLANE CRASH, AS BIG A DISASTER AS THAT MIGHT BE, WE DON'T OSE DOWN THE ENTIRE AIRLINE INDUSTRY FOR SIX NTHS BUT NOW WE WANT TO CLOSE DOWN THE DRILLING OFFSHORE FOR SIX MONTHS. WHAT IS THE REASON? THE SIX-MONTH MORATORIUM ON DRILLI WILL BE ANOTHER ECONOMIC CATASTROPHE FOR THE UNITED STATES. SIX MONTHS IS A LONG TIME IN THE DRILLING BUSINESS. THESE WELLS CAN'T START AND STOP OVERNIGHT. ANITHER DO THE SUPPORT INDUSTRIES. MR. SPEAKER, THIS CHART RIGHT HERE SHOWS THE COASTS OF TEXAS AND LOUISIANA AND IN THIS CHART, OUT IN THE GULF OF MEXICO, ARE ABOUT 4,000 OFFSHORE RILLS -- RIGS. THESE 4,000 RIGS WILL NOT BE ALLOWED TO DRILL BASED UPON THE ADMINISTRATION'S MORATORIUM FOR THE NEXT SIX MONTHS. ALL OF THESE YELLOW DOTS REPRESENT A DRILLING RIG THAT'S OFFSHORE. AND THEY GO ABOUT 75 MILES TO 150 MILES OFF THE TEXAS-LOUISIANA COAST, NOT COUNTING THOSE OFF OF MISSISSIPPI AND ALABAMA. SOME COMPANIES ARE ALREADY MOVING WORKERS TO BRAZIL AND THE MIDDLE EAST BECAUSE OF THIS ABSURDITY OF A MORATORIUM. TEXAS AND LOUISIANA WILL LOSE AN ESTIMATED 22- 20,000 TO 30,000 JOBS JUST IN THIS INDUSTRY, NOT COUNTING THE RELATED INDUSTRIES ONSHORE. THE PEOPLE WHO SUPPLY THOSE RIGS, THE FOOD, THE TRANSPORTATION, COMMUNICATIONS, GOODS AND SERVICE, ALL OF THOSE JOBS WILL BE GONE IF THESE RIGS ARE NOT ALLOWED TO DRILL. AND THE LONGER THE UNCERTAINTY CONTINUES HEREN AMERICA, THE WORSE IT WILL GET. AND THERE'S NO GUARANTEE THESE JOBS WILL EVER COME BACK. THAT'S NOT ONLY A THREAT TO OUR ECONOMY, THE A THREAT TO NATIONAL SECURITY. THAT MEANS THE UNITED STATES WILL NOW IMPORT MORE OIL FROM COUNTRIES THAT DON'T LIKE US. LIKE THE MIDDLE EAST AND VENEZUELA AND NOW CHINA AND RUSSIA, TWO OF OUR BUDDIES, ARE GOING TO DRILL OFF THE COAST OF CUBA WITH VENEZUELA AND VIETNAM. ISN'T THAT A LOVELY EXPERIENCE? THE LOSS OF OUR DOMESTIC SOURCE OF OIL IN THE GULF OF MEXICO WILL MAKE US FURTHER DEPENDENT ON FOREIGN OIL AND INCREASE ENERGY COSTS TO ALL AMERICANS. AND THAT WILL ALSO INCREASE TANKER TRAFFIC BRINGING THAT OIL IN TO THE GULF OF MEXICO. THERE HAVE BEEN 16 LARGE INTERNATIONAL OIL SPILLS OVER THE -- OVER 30 MILLION GALLONS AND ONLY THREE OF THOSE HAVE BEEN FROM OFFSHORE DRILLING RIGS. THE REST HAVE BEEN FROM OIL TANKERS BRINGING OIL FROM ONE PLACE TO ANOTHER. SO, WE NEED TO PUT IN A PROACTIVE PLAN IN PLACE SO WE CAN GETTER -- BETTER DEAL WITH ACCIDENTS IN THE GULF OF MEXICO. IT TOOK NINE DAYS FOR THE ADMINISTRATION TO MAKE REMARKS ABOUT THE PACT OF THE DEEP WATER EXPLOSION AND FOR D.H.S. TO DECLARE THE SPILL A NATIONAL SIGNIFICANCE. THERE WAS NO CLEAR CHAIN OF COMMAND FOR WHO WAS IN CONTROL OF THE DISASTER. THERE DOESN'T SEEM TO BE ANY PLAN. THERE SHOULD HAVE BEEN A PLAN IN PLACE IMMEDIATELY TO RESPOND AND THAT'S THE GOVERNMENT'S RESPONSIBILITY. SOME SAY IT WAS THE COAST GUARD, OTHERS SAY IT WAS THE E.P.A. IT'S STILL SOMEWHAT OF A MYSTERY WHO'S SUPPOSED TO BE IN CHARGE AND WHO WAS SUPPOSED TO BE IN CONTROL OF THE CLEANUP AND THE CONTAINMENT WHEN THE EXPLOSION OCCURRED. IT TOOK 37 DAYS TO ATTEMPT THE TOP KILL PROCEDURE. WHY SO LONG? WE DON'T KNOW THE ANSWER YET. THE MAJORITY OF THE POLLUTION IS A RESULT OF THE DELAY, NOT THE EXPLOSION. I REPEAT, THE MAJORITY OF THE POLLUTION AS A RESULT OF THE DELAY AND NOT THE EXPLOSION ITSELF. NOW GOVERNMENT IS OVERREACTING TO THE AFTERMATH AND MAKING THE ECONOMIC IMPACT WORSE BY PROHIBITING THE DRILLING OF THESE OTHER 4,000 WELLS. THE MORATORIUM COULD END UP BEING A WORSE ECONOMIC PROBLEM THAN THE ACCIDENT ITSELF. IT'S THE SECOND DISASTER NOW IN THE GULF OF MEXICO. THE E.P.A. WAS CREATED IN 1970 TO ADDRESS INDUSTRIAL POLLUTION. AND THEY HAVE SOMEWHAT OF A HISTORY OF OVERREACTING AND OVERREGULATING AND THE BOTTOM LINE IS THEY'RE DRIVING AND HAVE DRIVEN AMERICAN MANUFACTURING JOBS TO OTHER COUNTRIES. WE CANN ALLOW THIS TO HAPPEN AGAIN WITH OFFSHORE DRILLING. AS MUCH AS WE NEED TO USE ALL ALTERNATIVE SOURCES OF ENERGY, RIGHT NOW OUR ECONOMY RUNS ON FOSSIL FUELS AND THAT'S NOT GOING TO REALLY CHANGE ANY TIME SOON. SO WE EITHER HAVE TO IMPORT MORE OIL OR WE HAVE TO ALLOW THESE RIGS TO DRILL. AMERICA DOESN'T YET RUN ON WIND MILLS AND MOON BEAMS. WE NEED A PLAN FOR FUTURE DISASTERS TO INCLUDE WHO'S IN CHARGE OF STOPPING THE LEAK, WHO'S IN CHARGE OF CONTAINMENT OF THE OIL SPILL AND WHO'S IN CHARGE OF THE CLEANUP. .

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  • 06:16:32 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN'S TIME HAS EXPIRED. MS. KAPTUR OF OHIO. MR. JONES OF NORTH…

    THE GENTLEMAN'S TIME HAS EXPIRED. MS. KAPTUR OF OHIO. MR. JONES OF NORTH CAROLINA. WITHOUT OBJECTION, THE GENTLEMAN FROM FLORIDA IS RECOGNIZED FOR FIVE MINUTES.

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  • 06:16:50 PM

    >>

    AND EXTEND.

  • 06:16:57 PM

    MR. DIAZ-BALART

    I SPOKE WITH ONE OF THE MOST IMPORTANT AND RESPECTED LEADERS OF THE…

    I SPOKE WITH ONE OF THE MOST IMPORTANT AND RESPECTED LEADERS OF THE PRO-DEMOCRACY MOVEMENT IN CUBA. FROM HIS HOUSE. I ALWAYS LEARN WHEN I SPEAK TO HIM, HE CONVEYED TO ME SOME FACTS THAT SHOULD BE KNOWN BY MY COLLEAGUES. FACT, THERE ARE NOT 200 POLITICAL PRISONERS IN CUBA. THERE ARE THOUSANDS OF POLITICAL PRISONERS IN CUBA. AS AMNESTY INTERNATIONAL ADMIT ND ONE OF ITS PUBLISHED REPORTS, THE DICTATORSHIPS USES SENTS FOR SO-CALLED CRIMES FOR CONTEMPT AGAINST AUTHORITY AND DANGEROUSNESS, CRIMINAL CHARGES TO DENY, HIDE THE POLITICAL STATUS OF PRISONERS OF CONSCIENCE. FACT, VARIOUS PRO-DEMOCRACY LEADERS AND POLITICAL PRISONERS ARE ON HUNGER STRIKES AS WE SPEAK IN CUBA. MOST WELL KNOWN IS THE HUNGER STRIKE BEING CARRIED BY THE PEACEFUL PRO-DEMOCRACY LEADER, A PSYCHOLOGIST AND JOURNALISTS WHO DEMANDS THE RELEASE OF THE MOST GRATEFUL ILL PRISONERS TO THEIR HOMES. BUT THERE ARE OTHERS ENGAGED IN HUNGER STRIKES AND THEIR EFFORTS NEED TO BE KNOW AS WELL. A FORMER POLITICAL PRISONER IS ON A HUNGER STRIKE AND THE FOLLOWING PRISONERS ARE ENGAGED IN HUNGER STRIKES AT THIS MOMENT , MORALES, AVILA AND SOENO. . FACT, THERE ARE MANY PRISONERS THAT ARE GRATEFUL ILL THAT ARE NOT ON A LIST. [SPEAKING SPANISH]

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  • 06:18:50 PM

    >>

    LEADEAND ONE OF MY HEROES. BEFORE BEING RELEASED FROM PRISON, HE SPENT 17…

    LEADEAND ONE OF MY HEROES. BEFORE BEING RELEASED FROM PRISON, HE SPENT 17 YEARS AS A POLITICAL PRISONER. HE AND HIS WIFE, ALSO PHOTOGRAPHED HERE, HAVE BEEN DAINED, HARASSED, SPAT UPON AND BEATEN ENUMERABLE TIMES SINCE HIS RELEASE IN 2007 FROM PRISON. BUT ANTUNESEVER GIVES UP. HE HAS A NEW BLOG, I WON'T SHUT UP, I WON'T LEAVE. I NOT ONLY LEARNED MR. SPEAKER WHEN I'M ABLE TO SPEAK TO HIM, I RECEIVE STRENGTH FROM HIS COURAGE, PATIENCE AND DEVOTION FOR HIS FREEDOM.

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  • 06:19:43 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN YIELDS BACK. MS. RICHARDSON OF CALIFORNIA. MR. MORAN OF…

    THE GENTLEMAN YIELDS BACK. MS. RICHARDSON OF CALIFORNIA. MR. MORAN OF KANSAS. FOR WHAT PURPOSE DOES THE GENTLEMAN FROM OHIO RISE? WITHOUT OBJECTION, THE GENTLEMAN FROM OHIO IS RECOGNIZED FOR FIVE MINUTES.

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  • 06:20:01 PM

    MR. LATTA

    MR. SPEAKER, I RISE TODAY WITH A HEAVY HEART TO REMEMBER THE FIVE…

    MR. SPEAKER, I RISE TODAY WITH A HEAVY HEART TO REMEMBER THE FIVE CONSTITUENTS FR MY DISTRICT WHO WERE KILLED THIS WEEKEND AS A SEVERE THUNDERSTORM WHICHRODUCED TWO TORNADOES SWEPT ACROSS MY DISTRICT WHICH LEFT DESTRUCTION AND DEVASTATION. MARY WATERS AND HER SON AND TED KRONZ AND TWOTHERS DIED DURING THE STORM. ON SUNDAY, I RODE WITH THE SHERIFF AND THE CHIEF OF POLICE TO GET A FIRST-HAND VIEW OF THE DEVASTATION LEFT BEHIND BY THESE TORNADOES. DURING THESE VISITS, I SPOKE WITH MY RESIDENTS WHO SURVIVED THE STORM AND HEARD THEM RELATE THEIR MIRACLE TALES OF SURVIVAL. I WANT TO RECOGNIZE THE 2010 GRADUATING CLASS OF LAKE HIGH SCHOOL IN WOOD COUNTY FOR THEIR STEDFAST WILL AND CHARACTER IN THE WAKE OF THIS DEADLY STORM. ONE OF THE TORNADOES HIT LAKE HIGH SCHOOL DESTROYING THE SCHOOL. THIS HAPPENED ONLY HOURS BEFORE THE SENIOR CLASS OF 110 STUDENTS WERE SCHEDULED TO HOLD THEIR COMMENCEMENT CEREMONY SUNDAY AFTERNOON AND SADLY THE CLASS VALUE DICK TORIAN LOST HER FATHER DURING THAT STORM. THE TRUE CHARACTER, COMPASSION AND STRENGTH COME THROUGH IN TIMES LIKE THE. AS THE SURROUNDING COMMUNITIES HA STEPPED IN TO HELP WHATEVER WAYS POSSIBLE DURING THE RECOVERY EFFORT. THE LOCAL CHAPTER OF THE RED CROSS AND OTHER VOLUNTEER ORGANIZATIONS WERE ON THE GROUND TO LEND THEIR SUPPORT. THE LOCAL ELECTED OFFICIALS AND ADMINISTRATORS OF THE COUNTIES SHOULD BE COMMENDED FOR THEIR ORGANIZATION, LEADERSHIP DURING THESE TRYING TIMES. THEIR QUICK RESPONSE TO HELP THOSE IN NEED HAS HELD THE COMMUNITY TOGETHER DURING THIS TIME. ALSO WANT TO COMMEND OTHER COMMUNITIES IN THE AREA. LIKE THE CITY OF NORTHWOOD WHO HELPED BY LETTING THE LAKE TOWNSHIP POLICE USE ITS COMMUNICATIONS HEADQUARTS AFTER THE LAKE TOWN INSPECT -- TOWNSHIP WAS SBROID. THERE WERE THREE POLICE CRUISERS TO THE TOWNSHIP. WHY? BECAUSE THE LAKE TOWNSHIP LOST SIX OF THEIR CARS DURING THE STORM. YESTERDAY, I SENT A LETTER TO PRESIDENT OBAMA REQUESTING THAT WOOD AND FULTON COUNTIES BE DECLARED FEDERAL DISASTER AREAS AS SOON AS POSSIBLE. THIS WILL BE IMPORTANT FOR THE COUNTIES SO THEY MAY HAVE ACCESS TO AS MANY RESOURCES AS POSSIBLE DURING THE RECOVERY EFFORT THIS AFTERNOON, GOVERNOR STRICK LAND IS ASKING FOR A FEDERAL DECLARATION OF ASSIST TANS -- ASSISTANCE AND I THANK HIM FOR IT. AND I YIELD BACK.

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  • 06:22:54 PM

    THE SPEAKER PRO TEMPORE

  • 06:23:00 PM

    MR. GINGREY

    I WOULD LIKE TO ADDRESS THE HOUSE FOR FIVE MINUTES. AFTER 49 YEARS OF…

    I WOULD LIKE TO ADDRESS THE HOUSE FOR FIVE MINUTES. AFTER 49 YEARS OF DEDICATED SERVICE, COACH KENNETH CARTER IS RETIRING FROM HIS POSITION FROM THE HEALTH DEPARTMENT AND TENNIS COACH FROM MARIETTA HIGH SOOL. COACH CARTER HAS BEEN A DEDICATED EDUCATOR AND ROLE MODEL FOR SPORTS TEAMS IN THE MARIETTA SCHOOL DISTRICT FOR AS LONG AS I REMEMBER. HE COACHED FOOTBALL, BASKETBALL, TRACK AND MOST MEMBERBLY TENNIS, ONE STATE CHAMPIONSHIP AND NINE REGIONAL CHPS. HE RECEIVED THE GEORGIA TENNIS COACH OF THE YEAR AWARD AND WAS INDUCTED WITH THE 1985 TENNIS TEAM INTO THE MARIETTA HIGH SCHOOL HALL OF FAME. PRIOR TO HIS CAREER WITH MARIETTA CITY COOLS, KEN CARTER WORKED FOR THE ATLANTA YMCA TEACHI AND TRAINING CHILDREN. HE DROVE A BUS BACK AND FORTH FROM THE Y MAKING SURE THAT UNDERPRIVILEGED KIDS HAD ACCESS TO THE FACILITY. COACH CARTER HAS ALWAYS SID THAT BEHAVIOR IS THE NUMBER ONE PROBLEM WITH YOUTH AND THE TRAINING HE GAVE AT THE YMCA TAUGHT KIDS HOW TO BE BOTH GOOD ATHLETES AND GOOD PEOPLE. IT WAS HERE THAT HE MET THE REVEREND MARTIN LUTHER KING JUNIOR. KING WENT TOHE YMCA OFTEN TO SWIM AND CARTER WOULD LISTEN TO HIS STORIES ABOUT CIVIL RIGHTS ISSUES. COACH CARTER SAID WORKING WITH KING WAS A SOURCE OF PERSONAL INSPIRATION AND MANY LIFE LESSONS. COACH CARTER HAS BEEN ACTIVE WITH HIS CHURCH AND SERVED AS A SUPERINTENDENT OF SUNDAY SCHOOL FOR 22 YEARS. HIS DEDICATION AND SELFLESS ATTITUDE ARE WELL KNOWN AS COH CARTER HAS BEEN RECOGNIZED AS THE OUTSTANDING MAN OF THE YEAR, TEACHER OF THE YEAR AND HAS ALSO RECEIVED AN OUTSTANDING SERVICE AWARD. CONGRATULATIONS, COACH CARTER, ON YOUR RETIREMENT. AND THANK YOU FOR EVERYTHING YOU HAVE GIVEN TO MARIETTA SCHOOL SYSTEM. MR. SPEAKER, WITH THAT, I YIELD BACK.

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  • 06:25:14 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM GEORGIA YIELDS BACK. MR. ROHRABACHER OF CALIFORNIA.

  • 06:25:19 PM

    MR. ROHRABACHER

    AND REVISE AND EXTEND MY REMARKS.

  • 06:25:26 PM

    THE SPEAKER PRO TEM

    TEM: THE GENTLEMAN IS RECOGNIZED FOR FIVE MINUTES.

  • 06:25:29 PM

    MR. ROHRABACHER

    RECENTLY, ISRAELI MILITARY PERSONNEL INTERCEPTED SHIPS HEADED TOWARDS…

    RECENTLY, ISRAELI MILITARY PERSONNEL INTERCEPTED SHIPS HEADED TOWARDS GAZA. WORLD OUT CRY HAS BEEN DEAFENING AND ALSO BEEN MISPLACED. THE ISRAELIS HAVE BEEN PORTRAYED AS COMMITTING VIOLENCE IN ORDER TO PREVENT FOOD AND HUMANITARIAN SUPPLIES FROM RCHING WOMEN AND CHILDREN IN THE CROWDED PALESTINIAN COMMUNITY OF GAZA. YES, THAT WOULD CERTAINLY BE AN OUTRAGE IF THAT WAS GOING ON. BUT THE ACTIONS TAKEN BY ISRAEL ARE AIMED ONLY AT PREVENTING ROCKETS FROM BEING SHOT INTO ISRAEL, NOT DENYING FOOD OR MEDINE TO THE PALESTINIANS. THE IMAGE IN THE PUBLIC'S MIND IS TOTALLY DISTORTED AND WHAT THE WORLD NEEDS TO DO IS TAKE A CLOSER LOOK AT WHAT'S BEING PRESENTED TO THEM, EVEN AL GENTLEMAN ZERA, THE ARABIC TV NEWS STATION COULD NOT BLOCK OUT THE REALITY OF SO-CALLED PEACE ACTIVISTS WHO WERE REALLY THUGS ATTACKING ISRAELI SOLDIERS WITH LEAD PIPES AND THEY ARE SEEN REFRAINING USING THEIR WEAPONS WATCHING THEM BEING BEATEN AND LYING ON THE GROUND, THEIR LIVES IN DANGER. WHO FIRST INITIATED VIOLENCE IF NOT IN QUESTION, EVEN AL-JAZERRA COULD NOT HIDE THAT FACT. PHOTOS OF THE WOUNDED AND DEAD ACTIVISTS, AFTER THEY HAD STARTED BEATING TO DEATH ISRAELI SOLDIERS AND THUS FORCE WAS BEING USED TO PROTECT THESE SOLDIERS LIVES, WELL, ONLY THESE PICTURES OF WOUNDED AND DEAD SO-CALLED PEACE ACTIVISTS WERE HIGHLIGHTED IN REPORTS OF THIS INCIDENT. THIS DISTORTION IS INTENDED TO DECEIVE THE PEOPLE OF THE WORLD. THE SO-CALLED ACTIVISTS CREATED THE VIOLENCE THAT ERUPTED WHEN THE FLOTILLA WAS INTERCEPTED FOR INSPECTION. NOW SOME WILL SAY THAT THOSE PIPE-WIELDING THUGS WERE JUSTIFIED BECAUSE THE ISRAELIS SHOULD NEVER HAVE STOPPED AND INTERDICTED THOSE SHIPS AIMED AT GIVING HUMANITARIAN SUPPLIES TO THE PEOPLE OF GAZA. WELL, WHY WAS THAT INSPECTION NECESSARY? NEVER STOP ASKING THAT BASIC QUESTION. WHY WAS IT NECESSARY FOR THAT INSPECTION? THEY WEREN'T STOPPING THE SUPPLIES. THEY WERE SIMPLY INSPECTING THE CARGOO. WHY ARE THE ISRAELIS INSISTING ON INSPECTING THE SHIPS GO TO GO GAZA? BECAUSE PALESTINIAN TERRITORY IS BEING USED TO LAUNCH THOUSANDS OF ROCKETS AND ARTILLERY AT CIVILIAN COMMUNITIES IN ISRAEL FROM GAZA. NOW, THE PURPOSE OF THE FLOTILLA WAS NOT TO PUT FOOD AND HUMANITARIAN AID IN THE HANDS OF WOMEN AND CHILDREN. THAT WOULD HAVE HAPPENED ANYWAY. THE ISRAELIS WANTED TO INSPECT THIS AND LET THE FOOD AND HUMANITARIAN SUPPLIES GO FORWARD. NO, THAT WASN'T THE PURPOSE. THE PURPOSE WAS TO PREVENT ISRAEL FROM STOPPING THE MISSILE ATTACKS ON ISRAELI WOMEN AND CHILDREN BY PREVENTING ISRAEL FROM INTERDICTING WEAPONS' SHIPMENTS INTO GAZA WITH THOSE HUMANITARIAN AID AS A COVER. NO. THESE MISSILE ATTACKS FROM GAZA ARE BY ANYBODY'S DEFINITION A TERRORIST ATTACK. IF THE PALESTINIANS WANT FOOD AND HUMANITARIAN SUPPLIES AND -- END THE ROCKET ATTACKS. ISRAEL WOULD BE VERY HAPPY IF THAT HAPPENED TO LET ANY FOOD AND HUMANITARIAN AID GO INTO GAZA AND THIS ISN'T AN UNREASONABLE DEMAND ON THE PART OF THE ISRAELIS TO INSPECT THE CARGOOS IN ORDER TO ENSURE THEY AREN'T BEING USED TO COVER UP THE SHIPMENT OF WEAPONS THAT ARE BEING USED TO KILL ISRAELI CITIZENS. ISRAEL HAS A RIGHT TO TAKE A LOOK AT WHAT YOU'RE SHIPPING INTO YOUR COUNTRY TO MAKE SURE YOU AREN'T SHIPPING IN THOSE ITEMS THAT ARE NECESSARY TO SHOOT THESE THINGS INTO ISRAEL AND KILL WOMEN AND CHILDREN. SO IN REALITY, THE SO-CALLED PEACE ACTIVISTS WEREN'T VICTIMS BUT HOSTILE AND SEEKING MORE KILLING IN THE FORM OF NOT ONLY KILLING ISRAELI SOLDIERS TRYING TO INSPECT THEIR SHIPS, BUT KILLING MORE ISRAELI CIVILIANS THROUGH ROCKET ATTACKS. THEY ARE NOT JUST KILLING INNOCENT PEOPLE. THEY ARE UNDERMINING ANY CHANCE FOR PEACE AND RECONCILIATION BETWEEN THE PALESTINIAN PEOPLE AND THE ISRAELI PEOPLE. NO. THOSE SO-CALLED PEACE ACTIVISTS WERE THE VILLAINS IN THIS SITUATION AND THE TROOPERS WHO TRIED TO INSPECT TO SEE THAT ROCKETS WEREN'T BEING SMUGGLED IN, THEY WERE THE HEROES OF THE DAY. THE WORLD NEEDS TO SEEK TRUTH AND IGNORE THE DISTORT PICTURE THEY ARE BEING PRESENTED.

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  • 06:30:56 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN'S TIME HAS EXPIRED. . UNDER THE SPEAKER'S ANNOUNCED POLICY…

    THE GENTLEMAN'S TIME HAS EXPIRED. . UNDER THE SPEAKER'S ANNOUNCED POLICY OF JANUARY 6, 2009, THE GENTLEMAN FROM NEW YORK, MR. WEINER, IS DESIGNATED AS THE MAJORITY LEADER.

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  • 06:31:10 PM

    MR. WEINER

    THANK YOU, MR. SPEAKER. I ASK UNANIMOUS CONSENT THAT ALL MEMBERS HAVE FIVE…

    THANK YOU, MR. SPEAKER. I ASK UNANIMOUS CONSENT THAT ALL MEMBERS HAVE FIVE LEGISLATIVE DAYS TO REVISE AND EXTENDS THEIR REMARKS AND INCLUDE EXTRANEOUS MATERIAL ON THE SPECIAL ORDER THAT I AND LEADER HOYER WILL BE CONDUCTING FOR THE CONVENING HOUR. THE SPKER PRO TEMPORE: WITHOUT OBJECTION.

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  • 06:31:31 PM

    MR. WEINER

    THE CHAIR WILL RECEIVE A MESSAGE. THE MESSENGER: MR. SPEAKER, A MESSAGE…

    THE CHAIR WILL RECEIVE A MESSAGE. THE MESSENGER: MR. SPEAKER, A MESSAGE FROM THE PRESIDENT OF THE UNITED STATES. THE SECRETARY: MR. SPEAKER.THE SPEAKER PRO TEMPORE: MS. SECRETARY.THE SECRETARY: I'M DIRECTED BY THE PRESIDENT OF THE UNITED STATES TO DELIVER TO THE HOUSE OF REPRESENTATIVES A MESSAGE IN WRITING.

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  • 06:35:19 PM

    MR. WEINER

    NEW YORK FOR HIS TREATMENT OF THE FACTS.

  • 06:46:47 PM

    >>

    NEW YORK FOR HIS TREATMENT OF THE FACTS. AND

  • 06:46:56 PM

    MR. HIMES

    MOST DISHEARTENING ASPECTS FOR -- OF THE FLOTILLA SITUATION WAS THE FACTS…

    MOST DISHEARTENING ASPECTS FOR -- OF THE FLOTILLA SITUATION WAS THE FACTS SET ASIDE BY MUCH OF THE WORLD AND INSTEAD PREJUDICE WAS ALLOWED TO EMERGE, A PREJUDICE AGAINST OUR ALLY, ISRAEL AND WE LEARNED THAT THE FACTS ARE A GOOD DEAL MORE COMPLICATED THAN WE WERE LED TO BEEVE INITIALLY. THIS WAS A FLOTILLA WITH MORE THAN ONE AGENDA, A FLOTILLA WITH A CLEAR INTENTION OF PROVOKING THE KIND OF RESPONSE THAT WAS ULTIMATELY PROVOKED. AND MAKE NO MISTAKE, THERE ISN'T A PERSON IN THIS CHAMBER OR ANYWHERE ELSE THAT ISN'T SADDENED BY LOSS OF LIFE. I WOULD LIKE TO STEP BACK FROM THE FACTS THAT MR. WIENER DID A GOOD JOB IN ARTICULATING, TO LARGER ISSUES THAT CANNOT BE LOST IN OUR RELATIONSHIP WITH THE STATE OF ISRAEL. THE BEST WAY I CAN ENCAPSULATE, ISRAEL FOR THE UNITED STATES, IS FAMILY. WE SPEAK OF A SPECIAL RELATIONSHIP WITH GREAT BRITAIN. WE HAVE AT LEAST A SPECIAL RELATIONSHIP WITH THE NATION OF ISRAEL. IT IS A RELATIONSHIP OF FAMILY. IN SOME CASES, VERY LITERALLY. IN OTHER CASES AND FOR THIS NATION AS A WHOLE, WE ARE FAMILY BECAUSE WE SHARE SO MANY VALUES, SOME OF THE VALUES THAT ARE INCORPORATED INTO THIS BUILDING AND INTO OUR DOCUMENTS, OUR JUDEO-CHRISTIAN VALUES ANWE OWE A DEBT OF ISRAEL -- GRATITUDE TO ISRAEL. AND SOMETHING THAT IS ALL TOO OFTEN FORGOTTEN, WE HAVE THE ECONOMIC SIMILARITY, ALL THREE OF THESE THINGS MAKE ISRAEL FAMILY. AND WE CAN'T LOSE SIGHT OF THIS AS INVESTIGATIONS ARE UNDERTAKEN, WE CAN'T LOSE TRACK OF THAT UNDERLYING FACT, ESPECIALLY IN A WORLD WHERE OUR FAMILY IS AT RISK. AND THIS ROOM IS FULL OF FATHERS AND MOTHERS AND WE KNOW WHAT THAT MEANS. I WENT TO ISRAEL AND SAW HOW CLOSE AND HOW SEVERE THE RISK OF HAMAS, AN ENTITY DEDICATED TO THE DESTRUCTION OF THE STATE OF ISRAEL, HOW THAT IS NOT ABSTRACT. THAT IS BARELY AN ARMS' LENGTH AWAY. HEZBOLLAH, ANOTHER ENTITY SPONSORED BY IRAN AND IRAN ITSELF, NOT FAR AWAY AND HELP BENT ON THE CREATION OF WEAPONS OF MASS DESTRUCTION AND LEAVING ABSOLUTELY NO AMBIGUITY ABOUT WHAT IT WOULD DO WITH THOSE WEAPONS OF MASS DESTRUCTION. I'M NOT SAYING THAT ANY OF THAT CHANGES THE FACTS THAT MY COLLEAGUE FROM NEW YORK HAS LAID ON THE TABLE THAT WILL BE INVESTIGATED AND WILL BE CONSIDERED, BUT WILL PROBABLY BE MOST INTERESTINGLY AND COMPREHENSIVELY INVESTIGATED BY ISRAEL HERSELF BUT WE CANNOT ANY MORE THAN WE LOSE LOYALTY TO OUR SONS AND DAUGHTERS, OUR COUSINS, BROTHERS, SISTERS, SPOUSES FORGET THAT WE ARE TALKING ABOUT FAMILY AND THAT WHEN FAMILY IS AT RISK, WE LEAN IN TO OUR FAMILY AND WE REMIND THE WORLD THAT THERE IS A REASON WHY ISRAEL IS PART OF OUR FAMILY. A REASON OF VALUES, A REASON OF DEMOCRACY AND REASON WE STAND HERE TODAY TO REMIND THE WORLD THAT ISRAEL IS OUR FAMILY. I YIELD BACK TO THE GENTLEMAN.

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  • 06:50:41 PM

    MR. WEINER

    I APPRECIATE THE GENTLEMAN'S LEADERSHIP AND TO PUT IT IN CONTEXT, THIS IS…

    I APPRECIATE THE GENTLEMAN'S LEADERSHIP AND TO PUT IT IN CONTEXT, THIS IS A TINY TOWN. IN THE PERIOD OF TIME SINCE GAZA HAS BEEN CONTROLLED BY HAMAS, THERE HAVE BEEN 6,066 ROCKETS FIRED FROM THAT AREA. 4,434 MORTARS. AND I ASK MY COLLEAGUES TO ENVISION YOUR TOWN AND THE DISTRICT THAT YOU REPRESENT, ENVISION THIS CI FROM BEING UNDER THAT TYPE OF BARRAGE FROM A SPECIFIC PLACE. DO YOU THINK A BLOCKADE WOULD BE AN EXCESSIVE STEP TO TAKE? IT'S PARTICULARLY IMPORTANT THAT LEADER HOYER ASKED US TO GATHER TODAY TO MAKE THESE POINTS. AND BEFORE I YIELD TO ANYONE ELSE, I WANT TO YIELD TO THE MAJORITY LEADER OF THE HOUSE OF REPRESENTATIVES, STENY HOYER.

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  • 06:51:39 PM

    MR. HOYER

    FOR YIELDING. I THANK MY FRIEND FOR LEADING THIS EFFORT AT MY REQUEST. AND…

    FOR YIELDING. I THANK MY FRIEND FOR LEADING THIS EFFORT AT MY REQUEST. AND I THANK THOSE WHO HAVE JOINED IN IN RAISING OUR VOICE TO DEFEND ACTIONS THAT REALLY NEED NO DEFENSE, ACTIONS THAT ANY NATION ON EARTH WOULD TAKE IF IT WERE SIMILARLY THREATENED, PERIOD. ANY NATION ON EARTH. MR. SPEAKER, IN THE EARLY MORNING HOURS OF MONDAY, MAY 31, ISRAEL NAVAL FORCES INTERCEPTED SIX SHIPS, CARRYING MOSTLY TURKISH DEMONSTRATORS ATTEMPTING TO BRE THE BLOCKADE OF THE GAZA STRIP. THERE WAS NO CONFUSION. THAT'S WHAT THEY SAID THEY WERE GOING TO DO. ISRAEL GAVE THEM NOTICE TWO WEEKS PRIOR TO THIS. SO THERE WAS NO CONFUSION ABOUT WHAT WAS HAPPENING. FIVE OF THE SIX SHIP COMPLIED WITH THE REQUESTS. THE LARGEST OF THEM, HOWEVER, REFUSED. CLEARLY BENT ON VIOLENT CONFRONTATION AS IT WAS BOARDED BY ISRAELI DEFENSE FORCES. AS THEY KNEW THEY WOULD BE, THERE WAS NO CONFUSION. THESE I.D.F. TROOPS WERE VIOLENTLY ATTACKED WITH KNIVES, CLUBS AND WEAPONS. IN FIVE OF THE SIX IN THIS FLOTILLA, THERE WAS NO VIOLENCE. THERE WAS SOMETHING IN COMMON ON ALL OF THOSE SHIPS, I.D.F. FORCES WERE ON ALL OF THOSE SHIPS. BUT FIVE OF THOSE SHIPS, KNOWING FULL WELL THAT THE BLOCKADE WOULD NOT BE ALLOWED TO BE BREACHED, OFFERED NO VIOLENT RESISTANCE. AT THE END OF THE SKIRMISH ON THE SHIP, SEVEN MEMBERS OF THE I.D.F. SUFFERED INJURIES, INCLUDING GUNSHOT WOUNDS, HEAD TRAUMA AND NINE DEMONSTRATORS ON THE SHIP HAD BEEN KILLED. NO ONE WANTED THAT RESULT. I THINK NOT EVEN THOSE WHO WERE COMMITTING THE VIOLENCE ON ON THE I.D.F. FORCES WANTED THAT. BUT ONCE VIOLENCE IS INITIATED, ONE CANNOT PREDICT THE OUTCOME. THOSE DEATHS ARE TRAGIC. THE EVENTS LEADING UP TO THEM DESERVE A FULL AND SCRUPULOUS INVESTIGATION. BUT THIS MUCH, LADIES AND GENTLEMEN, IS CLEAR. TO CALL THE PASSENGERS OF THE SHIP NONVIOLENT PEACE ACTIVISTS WOULD BE A VICTORY FOR PROPOGANDA, NOT FOR FACT. PEACE ACTIVISTS DON'T LAUNCH ATTACKS WITH KNIVES AND GUNS AND CERTAINLY DO SO WHILE CHANTING SLOGANS, CALLING FOR THE DEATH OF JEWS AS AN AL GENTLEMAN ZERO -- AL-JAZERRA BROADCAST SHOWED THE CHANTS FROM THIS SHIP, KILL THE JEWS. HOW MUCH WE LAMENT THOSE DEATHS, THE FACT THAT IT WAS AN ORGANIZED, VIOLENT ASSAULT AND THEY RESPONDED IN SELF-DEFENSE, AS WE WOULD EXPECT ANY OF OUR OWN FORCES TO DO WHEREVER THEY MAY BE SENT TO DEFEND OUR COUNTRY. UNFORTUNATELY, BUT NOT SURPRISINGLY, THIS HAS RENEWED INTERNATIONAL CONDEMNATION FOR ISRAEL'S BLOCKADE FROM GAZA. FROM COUNTRIES, I SUGGEST TO MY COLLEAGUES, THAT WOULD DO EXACTLY THE SAME THING. I CANNOT BELIEVE THERE'S A COUNTRY IN EUROPE, IN ASIA, IN AFRICA, IN SOUTH AMERICA OR ON THE NORTH AMERICAN CONTINENT THAT WOULD NOT SAY THAT IF YOU BREACH THIS BLOCKADE THAT WE HAVE IN PLACE FOR OUR OWN SECURITY, WE WILL CONFRONT YOU AND STOP YOU. BUT THAT BLOCKADE EXISTS FOR A REASON. TO KEEP WEAPONS OUT OF THE HANDS OF HAMAS, A TERRORIST ORGANIZATION DICATED TO THE DESTRUCTION OF ISRAEL AND TO RANDOM ATTACKS ON ISRAELI CIVILIANS. MR. WIENER HAS BEEN POINTING OUT THE MAP. PROBABLY MOST OF US ON THIS FLOOR HAVE BE TO THE TOWN. SOME OF US HAVE BEEN IN THE GYM THAT IS AN ARMED CAMP WHERE IS THE ONLY SAFE PLACE FOR THE CHILDREN TO PLAY. SOME HAVE BEEN WITH ME. THE ATTACK ON ISRAELI CIVILIANS HAS CONTINUED WITHOUT ABATEMENT. I DON'T MEAN THAT IT HASN'T LESSENED FROM TIME TO TIME, BUT NEVER HAS THERE BEEN A TIME WHEN ISRAELIS FELT THAT THE VIOLENCE WAS CONCLUDED, BECAUSE HAMAS HAS MADE IT CLEAR THAT IT WILL NOT CONCLUDE. HAMAS DEDICATED TO THE DESTRUCTION OF THE ISRAEL AND THE RANDOM ATTACKS ON ISRAELI CIVILIANS. THE BLOCKADE WAS LAUNCHED WITH THE COOPERATION OF ISRAEL'S NEIGHBOR EGYPT WHEN HAMAS STAGED A VIOLENT COUP TO EXPEL ITS POLITICAL RIVALS AND SEIZE TOTAL CONTROL. WHO WAS IT? PALESTINIANS. THE ELECTED LEADERSHIP OF THE PALESTINIAN AUTHORITY. AND THE BLOCKADE COULD END TODAY, MY FRIENDS, IF HAMAS RECOGNIZED ISRAEL'S RIGHT TO EXIST AS IS THE PRINCIPLE OF THE UNITED NATIONS, GAVE UP ITS COMMITMENT TO MURDERING CIVILIANS AND RELEASED THE ISRAELI SOLDIER IT HOLDS CAPTIVE. TO THE EXTENT THAT LIFE IS HARD TO THOSE IN GAZA, THE PRIME CAUSE IS THE TERRORIST ORGANIZATION THAT KEEPS THEM HOSTAGE, HOLDS POWER THROUGH VIOLENCE AND MONDAY PLIESES THE FOOD AND HUE MANNER -- HUMANITARIAN SUPPLIES ACROSS THE BORDER. MY COLLEAGUES, PAY CLOSE ATTENTION TO THIS POINT. INDEED, IT IS HAMAS, NOT ISRAEL, THAT IS CURRENTLY PREVENTING THE HUE -- HUMANITARIAN GOODS FROM GRAZZA. NOT THE BLOCKADE. BUT HAMAS. FINALLY, THE UNITED STATES SHOULD AND WILL RESIST ALL ONE-SIDED ATTEMPTS TO CONDEMN ISRAEL AT THE UNITED NATIONS. THE U.N., A BODY COMMITTED BY ITS CHARTER TO UNIVERSAL RIGHTS HAS BEEN SADLY FIXATED ON SINGLING ISRAEL OUT FOR CONDEMNATION. THE ONLY DEMOCRATIC NATION IN THAT REGION OFHE WORLD THAT RECOGNIZES HUMAN RIGHTS AND WE SEE THE SUPREME COURT OF ISRAEL SAYING TIME AFTER TIME, YOU CANNOT DO THAT, GOVERNMENT. THAT IS A NATION OF LAWS. YET, IT HAS BN SINGLED OUT FOR CONDEMNATION, AS MUCH MORE SERIOUS CRIMES AND CISES HAVE GONE UNADDRESSED THROUGHOUT THE WORLD. THE BIAS RECORD EXTENDS BEYOND THE 1975 RESOLUTION. THE U.N. GENERAL ASSEMBLY HAS CONVENED AN EMERGENCY SPECIAL SESSION 10 TIMES, 10 TIMES, NOT, I WOULD SUGGEST TO YOU WHEN THE NORTH KOREANS KILLED OBVIOUSLY 46 INDIVIDUALS IN THEIR SHIP OF SOUTH KOREA IN SOUTH KOREAN WATERS. SIX OF THE TIMES THEY MET, OUT OF 10, HAVE FOCUSED ON ONE SMALL NATION, ISRAEL. WHILE NO EMERGENCY SESSION WAS EVER HELD ON THE GENOCIDE IN RWANDA, NOT HELD ON THE ETHNIC CLEANSING IN THE BALKANS, NOT HELD ON GENOCIDE IN SUDAN. . THE U.N. CONFERENCE AGAINST RACISM NEGLECTED RACISM AROUND THE WORLD TO AGAIN SINGLE OUT ALMOST EXCLUSIVELY ISRAEL AND ZIONISM. THE U.N. HUMAN RIGHTS COUNCIL WHOSE MEMBERS INCLUDE SAUDI ARABIA, CHINA AND CUBA, HAS ONLY ONE PERMANENT TOPIC ON ITS OFFICIAL AGENDA. I'VE MENTIONED THREE GENOCIDES THAT HAVE OCCURRED. THEY'RE NOT ON THAT AGENDA. ISRAEL. EVEN SECRETARY GENERAL KOFI ANNAN CRITICIZED THE HUMAN RIGHTS COUNCIL FOR ITS, AND I QUOTE, DISPROPORTION FOCUS ON VIOLATIONS BY ISRAEL. SHOULD ISRAEL COMPLY WITH INTERNATIONAL LAW AND THE VALUES OF THE INTERNATIONAL COMMUNITY? YES. DOES IT? YES. YES, IT DOES. AND LIKE EVERY NATION, HOWEVER, IT ENJOYS THE RIGHT TO SELF-DEFENSE. THIS TROUBLED HISTORY IS EXACTLY WHY I'M SKEPTICAL THAT THE UNITED NATIONS WILL TREAT ISRAEL JUSTLY NOW. WHAT HAPPENED NEEDS A REAL INVESTIGATION. NOT ONE COLORED BY YEARS OF ONE-SIDED BIAS. MR. SPEAKER, DESPITE WHAT HAPPENED LAST MONDAY, THE FUNDAMENTALS OF THIS CONFLICT REMAIN JUST AS THEY WERE THE DAY BEFORE. THE OVERWHELMING MAJORITY OF ISRAELIS WANT TO LIVE IN PEACE. WITH THE PALESTINIANS SIDE BY SNIDE TWO STATES. SO I BELIEVE DO MOST PALESTINIANS. BUT THE EXTREMISM AND HATE OF GROUPS LIKE HAMAS STANDS IN THE WAY. IN MY VIEW, MR. SPEAKER, THERE WERE THOSE ON THOSE SHIPS WHO SOUGHT THIS CONFRONTATION, AGAIN, NOT FOR THE PURPOSES OF HUMANITARIAN RELIEF, BUT FOR PROPAGANDA. AND FOR PUTTING ISRAEL AT RISK FROM THOSE WHO WISH ITS DESTRUCTION. IT IS NOT A SECRET WISH, IT IS AN ARTICULATED WISH. ALL THE WORLD KNOWS THE INTENT OF HAMAS, TO DESTROY ISRAEL AND REMOVE JEWS FROM THE MIDDLE EAST. BECAUSE THEY SAY SO. LET US NOT BE CONFUSED, MR. SPEAKER, FINDING A WAY TO PEACE IS FIERCELY DIFFICULT. IT SHOULD NOT BE MADE MORE DIFFICULT BY THOSE WHO SEE MORE PROPAGANDA VALUE THAN HUMAN VALUES IN THESE LOST LIVES AND I THANK MY FRIEND FROM NEW YORK FOR LEADING THIS SPECIAL ORDER THAT IS SO IMPORTANT SO THAT OUR VOICES ARE HEARD HERE AND AROUND THE WORLD AS IT RELATES TO OUR COMMITMENT TO THE SOVEREIGNTY, SECURITY AND SAFETY OF ISRAEL. AND I YIELD BACK THE BALANCE OF MY TIME.

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  • 07:03:40 PM

    MR. WEINER

    I THANK HIM AND BEFORE THE MAJORITY LEAVES THE FLOOR, I THINK ON BEHALF OF…

    I THANK HIM AND BEFORE THE MAJORITY LEAVES THE FLOOR, I THINK ON BEHALF OF ALL OF US IN THIS INSTITUTION, LONG BEFORE YOU WERE THE MAJORITY LEADER HERE, THERE IS HARD TO THINK OF MEMBER OF THE UNITED STATES CONGRESS IN MAYBE ANY TIME IN THE 62-YEAR HISTORY OF ISRAEL THAT HAD A STRONGER SENSE OF COMMITMENT TOHE U.S.-ISRAELI REGULATIONSHIP THAN YOU. WHETHER IT WAS LEADING THIS BODY IN OUR CONDEMN NATION OF THE REPORT, A ONE-SIDED DOCUNT PRODUCED BY T UNITED NATIONS, LEADING THIS INSTITUTION IN SUPPORT OF ISRAEL AND IN FACT FOR THE UNITED STATES DURING THE GAZA WAR. IT IS IMPORTANT THAT FINAL NOTE THAT YOU MADE ABOUT WHO HAMAS IS, THEY ARE AN ENEMY OF ISRAEL FOR SURE. BUT THEY'RE ALSO AN OUTPOST FOR IRAN. WE HAVE SOMETHING VERY STRONG IN COMMON WITH ISRAEL BEYOND JUST OUR COMMON SENSE OF DEMOCRACY AND CULTURE. WE HAVE THE COMMON ENEMY, THAT WHEN THIS BOAT WAS TRAVELING, IT WAS TRAVELING ESSENTIALLY DOING THE BIDDING OF IRAN AND WE HAVE TO RECOGNIZE THAT ISRAEL IS ON THE FRONT LINE OF WHAT IS ESSENTIALLY A THREAT TO US. I WANT TO THANK YOU ON BEHALF OF ALL OF US WHO FIGHT ALL THE TIME FOR THAT UNITED STATES AND ISRAEL RELATIONSHIP CLOSE, FOR ALL YOU'VE DONE.

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  • 07:04:53 PM

    MR. WEINER

    IMPORTANT THAT WE RECOGNIZE SOMETHING ELSE THAT THE MAJORITY LEADER SAID…

    IMPORTANT THAT WE RECOGNIZE SOMETHING ELSE THAT THE MAJORITY LEADER SAID ABOUT THE USE OF HUMAN SHIELDS ON THAT BOAT. THERE WERE PROBABLY SOME PEOPLE ON THAT BOAT WHO WERE COMPLETELY WITHOUT MALICE, ALTHOUGH MOST OF THE LOUDEST VOICES MADE IT VERY CLEAR THAT ALL OF THEM THAT WE HEARD SEEMED TO WANT NOTHING MORE THAN CONFLICT AND MORE THAN HAVING ISRAEL WIPED FROM THE FACE OF THE EARTH. BUT REMEMBER WHEN THERE WAS THE WAR IN GAZA, THE WAR IN LEBANON, TH ONEHING CONSISTENT ABOUT THE AGENTS OF IRAN, THAT THEY ALL DO, THESE TERRORIST ORGANIZATIONS, THEY'RE ALWAYS USING HUMASHIELDS. THEY'RE PUTTING CIVILIANS A PUTTING WEAPONS IN THE NEIGHBORHOODS OF CIVILIANS ALL THE TIME. DOES THE GENTLEMAN FROM NEW YORK NEED TO RESUME THE CHAIR? LET ME YIELD TO HIM VERY BRIEFLY BECAUSE I THINK HE HAS TO RESUME THE JOB OF SPEAKER PRO TEMPORE. THE GENTLEMAN FROM NEW YORK, I'LL BE GLAD TO YIELD TO YOU BRIEFLY.

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  • 07:05:44 PM

    >>

    I THANK THE GENTLEMAN FROM NEW YORK AND I THANK THE GENTLEMAN FROM FLORIDA…

    I THANK THE GENTLEMAN FROM NEW YORK AND I THANK THE GENTLEMAN FROM FLORIDA FOR HIS GRACIOUSNESS. MR. SPEAKER, I WANT TO ADDRESS EXACTLY WHAT THE GENTLEMAN FROM NEW YORK WAS TALKING ABOUT AND THAT'S IRAN'S INVOLVEMENT AND WHAT WE CAN DO ABOUT IT. INDEED, IT HAS BEEN SINCE 2007 THAT ISRAEL, ALONG WITH EGYPT, HAS INSTITUTED THIS BLOCKADE TO STOP INDIVIDUALS FROM SMUGGLING WEAPONS. OVER THE COURSE OF THE BLOCKADE, AS WE'VE ALREADY TALKED ABOUT, ISRAELI DEFENSE PORTIONS HAVE DIVERTED NUMEROUS SHIPS WITHOUT INS DEBIT. NOBODY EVER WISHES FOR FATALITIES OR INJURIES TO OCC DURING THE ENFORCEMENT OF A BLOCKADE BUT THE FUNDAMENTAL THING TO UNDERSTAND IS THAT ISRAEL HAS THE SAME RIGHT TO SELF-DEFENSE AS ANY COUNTRY.

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  • 07:06:23 PM

    MR. MAFFEI

    THE ALLY THANK THE GENTLEMAN FROM NEW YORK FOR HIS INDULGENCE. MR.

  • 07:09:34 PM

    MR. WEINER

    I THANK THE GENTLEMAN FROM FLORIDA, WOULD BE GLAD TO YIELD TO YOU.

  • 07:09:37 PM

    >>

    YOU VERY MUCH. THE QUESTION THAT WAS RAISED BY CRITICS OF ISRAEL FOR THE…

    YOU VERY MUCH. THE QUESTION THAT WAS RAISED BY CRITICS OF ISRAEL FOR THE PAST WEEK IS, WHY IS ISRAEL INTERCEPTING SHIPS ON THE SO-CALLED HIGH SEAS 100 MILES FROM ITS OWN SHORE? AND THE ANSWER CAN BE SUMMED UP IN ONE SIMPLE PHRASE, SELF-DEFENSE. GRACE GRACE THAT SIMPLE PHRASE EXPLAIN WHAT IS WE SAW --

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  • 07:09:55 PM

    MR. GRAYSON

    THAT SIMPLE PHRASE EXPLAIN WHAT IS WE SAW AND ISRAEL'S CONTINUING NEED TO…

    THAT SIMPLE PHRASE EXPLAIN WHAT IS WE SAW AND ISRAEL'S CONTINUING NEED TO PROTECT ITSELF. OVER 1,000 ROCKETS HAVE BEEN FIRED FROM GAZA INTO THE TERRITORY OF ISRAEL, 1,000 ROCKETS. IMAGINE WHAT WE WOULD DO IF 1,000 ROCKETS WERE FIRED INTO SAN DIEGO. IMAGINE WHAT WE'D DO I1,000 ROCKETS WERE FIRED INTO SEATTLE OR INTO DETROIT OR ANY OTHER BORDER AREA. IN THE CASE OF ISRAEL, ONE MILLION PEOPLE LIVE WITHIN ROCKET RANGE OF GAZA. AND THOSE ONE MILLION PEOPLE HAVE BEEN LIVING THROUGH HELL FOR YIRES, WITH A 15-SECON WARNING, A 15-SECOND WARNING TO SEEK SHELTER WHEN THE ROCKET ATTACKS BEGIN. AND YOU AS A RESULT OF THAT, 13 ISRAELIS HAVE DIED, BUT IT'S INFLICTED HUGE HARM ON THE PEOPLE WHO LIVE WITHIN ROCKET RANGE IN SOUTH ISRAEL. 1/3 OF ALL THE CHILDREN IN SOUTH ISRAEL SUFFER FROM POST TRAUMATIC STRESS SYNDROME. AGAIN, IMAGINE WHAT WE WOULD DO TO STOP SUCH ATTACKS IF THEY WERE DIRECTED AGAINST US. THAT'S THE FUNDAMENTAL REASON WHY ISRAEL FEELS OBLIGED, THE ISRAELI MILITARY FEELS OBLIGED TO DO WHAT IT NEEDS TO DO TO PROTECTITY CITIZENS. THESE SHIPS WERE NOT IN ANY WAY INTERFERED WITH BECAUSE THEY WERE CARRYING HUMANITARIAN AID. THESE SHIPS WERE INTERFERED WITH FOR ONE REASON AND ONE REASON ONLY, THAT'S BECAUSE THEY COULD HAVE BEEN CARRYING MISSILES AND ROCKETS AND THINGS THAT CAN BE MADE INTO MISSILES AND ROCKETS. IT'S THE FUNDAMENTAL DUTY OF THE ISRAELI MILITARY TO PROTECT THE PEOPLE OF ISRAEL. JUST AS IT'S A FUNDAMENTAL DUTY OF OUR MILITARY TO PROTECT US. WHAT THEY DID WHAT WAS THEY NEEDED TO DO TO ENSURE THE SAFETY OF THEIR OWN PEOPLE AND HONESTLY, IN THE SAME CIRCUMSTANCES WE WOULD HAVE DONE THE SAME THING. THANK YOU VERY MUCH, I YIELD BACK.

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  • 07:11:38 PM

    MR. WEINER

    TO THE GENTLEMAN, I WOULD THINK, I WOULD ACTUALLY ARGUE THAT THE MILITARY…

    TO THE GENTLEMAN, I WOULD THINK, I WOULD ACTUALLY ARGUE THAT THE MILITARY OF ISRAEL USED SUCH RESTRAINT, I MEAN, FRANKLY, THERE AREN'T TOO MANY WAYS TO STOP A BOAT. ONE OF THE WAYS IS TO FIRE UPON. THAT'S NOT -- THEY CHOSE TO PUT THEIR OWN SAILORS IN JEOPARDY, ALTHOUGH THERE SHOULD HAVE BEEN NO REASON TO BELIEVE THAT THEY WOULD BE ON A HUMANITARIAN BOAT. WHY WOULD ANYONE EXPECT THAT SOMEONE WHO BOARD AS HUMANITARIAN AID SHIP TO BE SET UPON? AND TO SOME DEGREE, THE MEDIA HAS TO BE ON NOTICE THAT THERE IS SOME RESPONSIBILITY TO REPORT THE CONTEXT OF THIS THING AS WELL, NOT JUST THE END. WHEN YOU SEE A SAILOR BEING TOSSED OVERBOARD, YOU KNOW, I DIDN'T SEEM LIKE A VERY HUMANITARIAN ACT AND IT WAS A SHAMEFUL DISPLAY BY REUTERS, THEY RECENTLY PUBLISHED A PHOTOGRAPH OF THE SOLDIER, THE SAILOR, THE ISRAELI SOLDIER AND SAILOR ON THE GROUND AND THEY CROPPED OUT THE GUY STANDING NEXT TO HIM WITHHE KNIFE TO EXPLAIN WHERE ALL THAT BLOOD CAME FROM. THE KNIFE WAS HELD BY SOMEONE ON THIS HUMANITARIAN AID SHIP. O ONE KNOWS THESE FACTS BETTER THAN JERROLD NADLER FROM NEW YORK.

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  • 07:12:42 PM

    MR. NADLER

    I THANK YOU FOR ORGANIZING THIS SPECIAL ORDER. IT HAS BEEN ABSOLUTELY…

    I THANK YOU FOR ORGANIZING THIS SPECIAL ORDER. IT HAS BEEN ABSOLUTELY GALLING TO WATCH THE HYPOCRISY DIRECTED -- AND THE FURY, THE UNDESERVED FURY, DIRECTED AT ISRAEL FOR TAKING STEPS IN ITS OWN SELF-DEFENSE. THE SO-CALLED FREEDOM FLOTILLA WHICH WENT TO BREAK THE BLOCKADE OF GAZA HAD TO BE INTERCEPTED. ISRAEL AND EGYPT HAVE BEEN BLOCKADING GAZA. THEY'VE BEEN BLOCKADING IT NOT OF HUMANITARIAN MATERIALS, THOUSANDS AND THOUSANDS OF TONS OF HUMANITARIAN MATERIALS AND FOOD AND SUPPLIES GO THROUGH THE CHECK POINTS INTO GAZA EVERY MONTH. BY TRUCK. BUT SHIPS CAN CARRY ANYTHING. ISRAEL HAS STOPPED SHIPS ON THE HIGH SEAS CARRYING ROCKETS TO GAZA. WHEN THEY WERE CHALLENGES, THE ISRAELI GOVERNMENT URGED THE TURKS NOT TO ALLOW THIS FLOTILLA TO SAIL THE WAY IT WAS, AND THE CHINESE BY THE WAY HAD THIS RIGHT, THE CHINESE PRESS A DAY OR TWO BEFORE THE FLOTILLA WAS INTERCEPTED, PRINTED THE HEADLINE, "TURKEY CHALLENGES ISRAEL." NOT ISRAEL CHALLENGES TURKEY. TURKEY CHALLENGES ISRAEL BY SENDING THESE SHIPS, KNOWING THAT THE GOAL WAS TO BREAK THE BLOCKADE, NOT TO DELIVER HUMANITARIAN AID. WHEN THE ISRAELIS MADE CLEAR TO THE PEOPLE ONBOARD THE SHIPS THAT IF YOU LAND, WE WILL SEND ALL THE MATERIALS STRAIGHT THROUGH TO GAZA, SEPTEMBER FOR ANY WEAPONS WE FIND -- ACCEPT FOR ANY WEAPONS WE FIND. THE HEAD OF THE ORGANIZATION SPONSORING IT SAID, NO, WE'RE NOT INTERESTED IN DELIVERING HUMANITARIAN AID.

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  • 07:14:23 PM

    MR. WEINER

    CAN I ASK THE GENTLEMAN TO YIELD -- TO YIELD? THAT'S RIGHT HERE. IT'S NOT…

    CAN I ASK THE GENTLEMAN TO YIELD -- TO YIELD? THAT'S RIGHT HERE. IT'S NOT LIKE THEY WERE BEING DIVERSITIED FAR OFF.

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  • 07:14:31 PM

    MR. NADLER

    12 MILES, TO BE PRECISE. THEY SAID, NO, THE AIM IS TO BLEAK THE -- BREAK…

    12 MILES, TO BE PRECISE. THEY SAID, NO, THE AIM IS TO BLEAK THE -- BREAK THE BLOCKADE. NOW, A LOT OF PEOPLE, A LOT OF COUNTRIES ARE SAYING, THE PRESIDENT OF FRANCE, HOW DARE THEY INTERCEPT SHIPS ON THE HIGH SEAS. THIS IS PIRACY, SAID THE PRIME MINISTER OF TURKEY. WELL, THE LAW IS VERY CLEAR. IF YOU ARE FIGHTING SOMEONE AND ISRAEL'S FIGHTING HAMAS, HAMAS CONTROLS THE TERRITORY AND HAS ECLARED WAR ON ISRAEL AND SAID THAT WAR WILL NOT STOP UNTIL ISRAEL IS DESTROYED, THERE MIGHT BE A CEEFIRE FROM TIME TO TIME, BUT THIS WAR MUST CONTINUE UNTIL ISRAEL'S DESTROYED, AS FAR AS HAMAS IS CONCERNED, THEN YOU'RE SUBJECT TO BLOCKADE, THAT'S A TACTIC OF WAR. AND IN A BLOCKADE YOU CAN BOARD THE SHIP, YOU CAN IN FACT SINK THE SHIP IF THAT'S THE ONLY WAY TO ENFORCE THE BLOCKADE, IN INTERNATIONAL WATERS AS LONG AS IT'S CLEAR THAT IT'S GOING TO A BLOCKADED AREA. AND THAT'S FROM THE U.S. NAVAL COMMANDER'S HANDBOOK. BUT WHY WAS THIS BEING DONE? BECAUSE, WE ARE TOLD, THEY HAVE TO BREAK THE BLOCKADE, WHY DO THEY HAVE TO BREAK THE BLOCKADE? BECAUSE THE OVERALISSUE IS THAT WE MUST END THE ISRAELI OCCUPATION. THIS IS THE REAL SIN. THIS IS WHY SO MANY PEOPLE THINK THAT ISRAE IS WRONG, BECAUSE THEY MUST END THE OCCUPATION. PEOPLE FORGET HOW THE OCCUPATION STARTED. THE OCCUPATION OF GAZA AND THE WEST BANK STARTED WHEN ISRAEL RESISTED A WAR OF AGGRESSION AIMED AT ITS EXTERMINATION IN 1967. BUT WE FORGET HISTORY. HISTORY STARTED FIVE YEARS AGO. ISRAEL OFFERED TO END THE OCCUPATION. THERE'S A PROBLEM. WHO DO YOU GIVE THE LAND TO? ISRAEL HAS EXPERIENCE HERE. ISRAEL WITHDREW FROM LEBANON IN 2006 AND THE U.N. SAID WE'LL SEND PEACEKEEPING TROOPS AND THEY'LL ENFORCE THE RULE TO PREVENT ROCKETS AND ARMS. WHAT HAPPENED? THERE ARE 40,000 MISSILE IN THE POSSESSION OF HEZBOLLAH BECAUSE THE PEACE KEEPERS STAND ASIDE AND THE -- AND ISRAEL LEARNED SHE CANNOT DEPEND ON THE U.N. OR ANYBODY TO DEFEND HER. ISRAEL WITHDREW IN 2005 AND LEFT BEHIND AGRICULTURAL ESTABLISHMENTS AND OTHER THINGS. WHAT HAPPENED? HAMAS TOOK OVER, TURNED IT INTO A ROCKET LAUNCHING PAD AGAINST ISRAEL. OVER 10,000 ROCKETS HAVE BEEN LAUNCHED AGAINST ISRAEL.

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  • 07:17:05 PM

    MR. WEINER

    THIS PIECE OF REAL ESTATE ABOUT THE SIZE OF NEW JERSEY HAS A TERRORIST…

    THIS PIECE OF REAL ESTATE ABOUT THE SIZE OF NEW JERSEY HAS A TERRORIST AGENT IN THE SOUTH, A TERRORIST AGENT HERE IN LEBANON, ANDBOLLAH CONTROLS THIS AREA AND A TERRORIST AGENT HERE IN SYRIA WHICH ONCE UPON A TIME CONTROLLED THE MOUNTAIN TOP OVERLOOKING THE COUNTRY. WHAT THE GENTLEMAN IS DESCRIBING, TERRORISTS, TERRORISTS, TERRORISTS, ALL IN SUPPORT OF THE ENEMY THE UNITED STATES, IRAN.

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  • 07:17:39 PM

    MR. NADLER

    TONES THE OCCUPATION AND BE LEFT IN PEACE. ISRAEL OFFERED IN CAMP DAVID IN…

    TONES THE OCCUPATION AND BE LEFT IN PEACE. ISRAEL OFFERED IN CAMP DAVID IN 2000 AND IN 2001 AT ANOTHER TALK, THEY SAID WE'LL WITHDRAW FROM THE ENTIRE GAZA STRIP, WE'LL WITHDRAW FROM 97% OF THE WEST BANK, WE'LL GIVE LAND SWAPS TO THE PALESTINIANS TO MAKE IT EQUIVALENT TO 100% OF THE ACREAGE AND WE'LL SHARE JERUSALEM BUT IN RETURN THEY'VE GOT TO AGREE THAT THE WAR IS OVER. THEY WOULDN'T AGREE. AND THEY START TOAD FIRST INTIFADA. THE PRIME MINISTER RENEWED THE OFFER IN 2008 BUT THEY WILL NOT AGREE TO END OF CLAIMS OR DEMILITARIZATION. THAT'S THE REAL ISSUE. IF THEY'D AGREE TO THAT, IF THE PALESTINIANS WOULD AGREE THAT THE WEST BANK CANNOT BE USED IF THEY GAVE IT BACK, THAT THE WEST BANK WOULD NOT BE USED AS A ROCKET LAUNCHING PAD THAT ISRAEL COULD LIVE IN PEACE IF SHE WITHDREW THAT DEAL COULD BE MADE AND IT COULD BE MADE. IT'S BEEN OFFERED AND UNTIL THE PALESTINIANS ARE WILLING TO LIVE IN PEACE AND WILLING TO TALK ABOUT IT, THE PA STILLIANS WON'T EVEN TALK TO THE ISRAELS NOW, ONLY THE AMERICANS. UNTIL THEY'RE WILLING TO TALK AND MAKE THAT AGREEMENT, THE OCCUPATION WILL CONTINUE.

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  • 07:19:02 PM

    >>

    GENTLEMAN MAKEANCE EXCELLENT POINT. THE GENTLEMAN FROM VIRGINIA IS AN…

    GENTLEMAN MAKEANCE EXCELLENT POINT. THE GENTLEMAN FROM VIRGINIA IS AN EXPERT ON THESE ISSUES AS WELL. IT'S IMPORTANT TO THAUNS JUST TODAY, MAHMOUD ABBAS WAS IN TO, I'M GOING TO YIELD TO THE GENTLEMAN FROM VIRGINIA BUT BEFORE THAT --

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  • 07:19:19 PM

    THE SPEAKER PRO TEMPORE

    IF THE GENTLEMAN FROM NEW YORK WILL SUSPEND. THE CHAIR WILL RECEIVE A…

    IF THE GENTLEMAN FROM NEW YORK WILL SUSPEND. THE CHAIR WILL RECEIVE A MESSAGE. THE SECRETARY: MR. SPEAKER, A MESSAGE FROM THE SENATE. THE SECRETARY: MR. SPEAKER.

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  • 07:19:30 PM

    THE SPEAKER PRO TEMPORE

    MADAM SPEAKER. THE SECRETARY: I HAVE BEEN DIRECTED TO INFORM THE HOUSE THE…

    MADAM SPEAKER. THE SECRETARY: I HAVE BEEN DIRECTED TO INFORM THE HOUSE THE SENATE HAS PASSED S. 743, TO ENHANCE THE LIABILITY TRUST FUND FOR THE DEEPWATER HOZON OIL SPILL IN WHICH THE CONCURRENCE OF THE HOUSE IS REQUESTED.

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  • 07:19:50 PM

    THE SPEAKER PRO TEMPORE

    THANK YOU. THE GENTLEMAN FROM NEW YORK.

  • 07:19:53 PM

    MR. WEINER

    GENTLEMAN FROMIRGINIA TO PICK UP ON THESE POINTS.

  • 07:19:58 PM

    >>

    I'D LIKE TO THANK THE GENTLEMAN FROM NEW YORK FOR LAYING OUT THE POINTS…

    I'D LIKE TO THANK THE GENTLEMAN FROM NEW YORK FOR LAYING OUT THE POINTS VERY CONCISELY. AS SOMEONE WHO SPENT A SIGNIFICANT AMOUNT OF TIME MYSELF IN ISRAEL AND THE SURROUNDING COUNTRIES, I WANT TO RESTATE THE BOND OF SECURITY, OUR FRIENDSHIP GIVES US PEACE OF MIND KNOW THAT WE'LL ALWAYS HAVE EACH OTHER'S SUPPORT IN ONE OF THE MOST VOLATILE RES OF THE WORLD. I MAINTAIN THE RIGHT FOR ISRAEL TO EXIST AND PROTECT HERSELF AS THE LOAN BASTION OF DEMOCRACY IN THE REGION, ISRAEL IS THE CLOSEST ALLY AGAINST TERRORIST GROUP AND I'M COMMITTED TO SEEING THE FRIENDSHIP CONTINUE. THE RECENT LOSS OF LIFE OFF THE COAST OF GAZA IS DISTRESSING. HOWEVER, IT IS TROUBLING THAT MANY HAVE RUSHED TO JUDGMENT WHILE FAILING TO RECOGNIZE THE SERIOUS SECURITY CHALLENGES ISRAEL FACES EVERY DAY, NECESSITATING THE GAZA BLOCKADE. AS MY COLLEAGUE HAS MENTIONED TONIGHT, HAMAS TRIFFLETS IN GAZA LAUNCH FREQUENT ROCKET ATTACKS DIRECTED AT ISRAELI TOWNS THAT TOO OFTEN TAKE THE LIVES OF INNOCENT CIVILIANS AND AS OUR MAJORITY LEADER SAID EARLIER THIS EVENING, IN DERIBING A TRIP THAT I JOINED HIM ON LAST SUMMER, ISRAELI CHILDREN ARE FORCED TO HIDE IN CONCRETE BUNKERS IN ORDER TO HAVE A SAFE PLACE TO PLAY. HAMAS MAKES RELENTLESS EFFORTS TO IMPORT INTO GAZA THROUGH ANY MEANS POSSIBLE THE PARTS FOR DEADLY ROCKETS, COMPLICATING THE EFFORTS TO ALLOW HUMANITARIAN AID TO ENTER GAZA. LASTING PEACE BETWEEN THE ISRAELIS AND PALESTINIANS REQUIRES THAT ISRAEL CAN ASSURE THE SAFETY OF ITS POPULATION AGAINST TERRORIST THREATS AND THAT'S WHY I INTRODUCED AND HELPED PASS H.R. 5327, THE MISSILE DEFENSE AUTHORIZATION AND SUPPORT ACT. IT WILL ALLOW ISRAEL TO BUILD TWO IRON DOME MISSILE DEFENSE BATTERIES THAT WILL HELP PROTECT ISRAELI CITIZENS LIVING IN CITIES LIKE STEROT WHO HAVE BEEN TERRORIZED BY INDISCRIMINATE ROCKET AND MORTAR ATTACKS ON THEIR HOMES. IT WILL HELP ADVANCE THE CAUSE OF PEACE BY SUPPORTING ISRAEL'S ABILITY TO DEFEND CIVILIAN AREAS FROM CIVILIAN ATTACKS, CREATING THE NECESSARY SPACE FOR A SUCCESSFUL PEACE PROCESS. I WANT TO THANK MY COLLEAGUE FROM NEW YORK FOR HIS LEADERSHIP.

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  • 07:22:21 PM

    >>

    YOU ARE EXACTLY RIGHT. HOUR COOPERATION WITH THE STATE OF ISRAEL HAS NEVER…

    YOU ARE EXACTLY RIGHT. HOUR COOPERATION WITH THE STATE OF ISRAEL HAS NEVER BEEN HIGHER IN TERMS OF MILITARY INTELLIGENCE. ONE OF THE FORCES FOR THAT IS A MEMBER OF THE APPROPRIATIONS COMMITE A POWERFUL COMMITTEE WHO RECENTLY LID A DELEGATION TO THE MIDDLE EAST, DEBBIE WASSERMAN SCHULTZ, THE HOUSE KNOWS NO STRONGER ADVOCATE FOR THE U.S.-ISRAEL RELATIONSHIP THAN HER, I YIELD TO HER AT THIS TIME.

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  • 07:22:51 PM

    MS. WASSERMAN SCHULTZ

    AN ABSOLUTE PLEASURE TO JOIN YOU ON THE TRIP TO ISRAEL IN JANUARY WHERE WE…

    AN ABSOLUTE PLEASURE TO JOIN YOU ON THE TRIP TO ISRAEL IN JANUARY WHERE WE LEARNED QUITE A BIT ABOUT THE PROGRESS OF THE PEACE PROCESS AND IT HAS BEEN NOTED BY A NUMBER OF OUR COLLEAGUES THIS EVENING THAT WE CANNOT ALLOW, IN SPITE OF ALL THE RECENT CONTROVERSY, WHICH IS UNCLEAR TO ME WHY A COUNTRY THAT IS DEFENDING ITS BORDERS, ITS TERRITORY AND PEOPLE, IS CONTROVERSIAL, BUT THAT WE COULD NOT ALLOW IT TO TAKE OUR FOCUS OFF THE THREAT OF A NUCLEAR-ARMED IRAN. ONE OF THE THINGS THAT'S UNBELIEVABLE TO ME, MR. WIENER, HAS BEEN THE CRITICISM AND THE QUESTIONS, THE QUESTIONS THAT HAVE BEEN THROWN AT ISRAEL, FIRST THAT THEY, SUPPOSEDLY BOARDED THIS FLOTILLA OF SHIPS IN INTERNATIONAWATERS AS IF THEY DIDN'T HAVE THE RIGHT TO DO THAT. THAT THIS IS A LEGAL BLOCKADE THERE ISN'T ANY DISPUTING THAT. THAT THEY ARE WELL WITHIN THEIR RIGHTS AND UNDERSTANDABLY DEFENDING THEIR BORDERS AND THEIR PEOPLE BECAUSE WHAT COUNTRY, WHAT COUNTRY WOULD NOT MAKE SURE THAT ITEMS COMING IN FROM A SHIP TO AN AREA THAT IS RUN BY A HOSTILE TERRORIST ORGANIZATION WOULD NOT BE CHECKED TO MAKE SURE THAT THEY ARE THE GENUINE HUMANITARIAN AID THAT THE PEOPLE BRINGING THE GOODS IN SE THAT IT IS. THAT'S SIMPLY COMMON SENSE. AND I WOULD THINK THAT THE CITIZENS OF ANY NATION WOULD EXPECT NOTHING LESS THAN THEIR GSH FROM THEIR GOVERNMENTS. THE ORR CRITICISM I'VE HEARD DURING THE WEEK IS SMU THE EOPLE OF GAZA, AND -- AND NO ONE DENIES THERE IS SUFFERING THAT'S GONE ON IN GA SAVAGE THE PEOPLE OF GAZA WENT THROUGH A WAR, THEY CONTINUE TO BE RULED BY A TERRORIST ORGANIZATION AND SO AS A RESULT, THEY ARE DEFINITELY SUFFERING, BUT IT'S IMPORTANT TO NOTE THAT OVER THE LAST 18 MONTHS, ISRAEL HAS ALLOWED A STEADY FLOW OF HUMANITARIAN AID AND FOOD TO GO TO THE PEOPLE OF GAZA. ONE MILLION TONS OF HUMANITARIAN AID, TO BE SPECIFIC, HAVE BEEN ALLOWED INTO GAZA OVER THE LAST FEW MONTHS, THE EQUIVALENT OF ONE TON OF AID PER MAN, WOMAN, AND CHILD IN FOOD AND MATERIALS, LIVING IN GAZA TODAY.

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  • 07:25:17 PM

    MR. WEINER

    OUT, THE SAME EXACT OFFER WAS MADE TO THIS FLOTILLA. EVEN BEFORE IT HAD…

    OUT, THE SAME EXACT OFFER WAS MADE TO THIS FLOTILLA. EVEN BEFORE IT HAD LEFT PORT, THE -- THEY SAID GO RIGHT HERE, WE'LL TAKE A LOOK AT WHAT YOU HAVE, WE'LL ESCORT IT INTO GAZA FOR YOU.

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  • 07:25:38 PM

    MS. WASSERMAN SCHULTZ

    AND A FEW DAYS LATER, AN IRISH SHIP, THE RACHEL COREY, WAS OFFERED THE…

    AND A FEW DAYS LATER, AN IRISH SHIP, THE RACHEL COREY, WAS OFFERED THE SAME THING TO TAKE THEIR GOODS AND THEY WERE ALSO CHALLENGING THE BLOCKADE, YET HAD A VERY DIFFERENT RESPONSE AND WERE BOARDED, ACCEPTED THE BOARDING AND ACCEPTED TRAVEL TO THE PORT THERE AND HAD THEIR GOODS OFFLOAD THE POINT IS THAT ISRAEL CANNOT BE EXPECTED TO STAND IDLY BY AND ALLOW FOR GOODS TO BE FLOWING UNCHECKED WITHOUT MAKING SURE THAT THERE AREN'T HOSTILE INTENTIONS BEHIND THOSE GOODS AND AS ISRAEL CONTINUES TO FACE UNJUST CRITICISM ON THE WORLD STAGE, THE UNITED STATES MUST CONTINUE AND WILL CONTINUE TO SUPPORT OUR FRIEND, ALLY, AND PARTNER, AND I'M SO PROUD TO STAND WITH MY COLLEAGUES TODAY, YOU HAVE A TRAGIC SITUATION THAT OCCURRED BUT WE CANNOT FORGET THAT THIS BLOCKADE EXISTS BECAUSE HAMAS, THE RULING PARTY OF GAZA, IS A TERRORIST ORGANIZATION WITH THE SWORN GOAL TO DESTROY THE JEWISH STATE A BLOCKAD SUPPORTED BY BOTH ISRAEL AND EGYPT AS A MEANS TO STOP THE SMUGGLING OF ILLEGAL MATERIALS TO HAMAS. I'M SO PLEASED THAT YOU HAVE ORGANIZED THIS SPECIAL ORDER HOUR THIS EVENING AND LOOK FORWARD TO CONTINUING THIS DISCUSSION.

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  • 07:26:55 PM

    MR. WEINER

    I THANK THE GENTLELADY AND AS SOMEONE WHO REPRESENTS SOUTH FLORIDA, IF A…

    I THANK THE GENTLELADY AND AS SOMEONE WHO REPRESENTS SOUTH FLORIDA, IF A BOAT CAME TOWARD THE COAST, IT CAME FROM YEMEN, IT HAD PEOPLE ON IT CHANTING DEATH TO FLORIDIANS AND IT WOULDN'T STOP WHEN THE MILITARY OFFERED IT AN OPPORTUNITY TO, WE WOULD CERTAINLY NOT AS AMERICANS EXPECT TO SAY, OK, WE'LL SEE WHAT HAPPENS WHEN IT REACHES SHORE. YOU'RE EXACTLY RIGHT THE THE LEGALITY OF STOPPING IT IN INTERNATIONAL WATERS. THE NEXT PERSON I'LL YIELD TO IS THE GENTLEWOMAN FROM PENNSYLVANIA, WHO WAS FIGHTING TO STRENGTHEN THIS RELATIONSHIP.

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  • 07:27:46 PM

    MRS. DAHLKEMPER

    YOU FOR GIVING US THE OPPORTUNITY TO SPEAK IN SUPPORT OF ONE OF THE…

    YOU FOR GIVING US THE OPPORTUNITY TO SPEAK IN SUPPORT OF ONE OF THE NATION'S CLOSEST ALLIES, ISRAEL. -- MS.

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  • 07:27:57 PM

    MS. SCHWARTZ

    IT IS APPARENT THAT THE ORGANIZERS OF THE SIX -- OF THE FLOTILLA…

    IT IS APPARENT THAT THE ORGANIZERS OF THE SIX -- OF THE FLOTILLA INTENTIONALLY SOUGHT TO CONFRONT ISRAELI SECURITY FORCES TO AND DEFY THE EMBARGO OF GAZA ESTABLISHED BY ISRAEL AND EGYPT. THE ORGANIZERS, THE ACTIVISTS AS THEY CALL THEM RERKSJECTED MEANS OFFERED BY ISRAEL THAT'S BEEN TALKED ABOUT TONIGHT TO DELIVER HUMANITARIAN AID USED BY INTERNATIONALLY ACCEPTED ORGANIZATIONS, INCLUDING THE RED CROSS, REPEATEDLY TO GET THAT AID TO GAZA. THE RESUING ALTERCATION AND LOSS OF LIFE COULD HAVE BEEN AVOIDED HAD THE ORGANIZES OF THE FLOTILLA AGREED TO THE REPEATED OFFERS TO DOCK AT ONE OF THEIR PORTS AND ALLOW THE OVERLAND TRANSFER OF HUMANITARIAN AID TO GAZA. ISRAEL HAS THE RIGHT TO DEFEND AND PROTECT HERSELF, THE BLOCKADE EXISTS BECAUSE IT NEEDS TO PREVENT ARMS BEING SMUGGLED TO GAZA AND PROTECT THE CITIZENS OF ISRAEL WHO HAVE BEEN SUBJECT TO THOUSANDS OF ROCKET ATTACKS. HAMAS, WHICH IS RECOGNIZED INTERNATIONALLY AS AN ENEMY OF ISRAEL AND A TERRORIST ORGANIZATION, HAS AS ITS MISSION THE DESTRUCTION OF THE STATE OF ISRAEL AND IT CONTINUES TO BE A THREAT TO THE SAFETY AND SECURITY OF THE RESIDENTS OF ISRAEL. THE LOSS OF LIFE IS TRAGIC BUT THERE'S NO QUESTION THAT THE ORGANIZERS OF THE FLOTILLA WERE CLEARLYNTENT ON PROVOKING A MILITARY RESPONSE RATHER THAN DELIVERING HUMANITARIAN AID, OTHERWISE THEY WOULD HAVE WORKED WITH ISRAEL TO TRANSFER SUPPLIES TO GAZA. YOU HEARD ALREADY THAT HUMANITARIAN AID IS ALREADY SHIFTED TO ISRAEL. I SEE THERE ARE OTHERS WHO WANT TO SPEAK. LET ME CONCLUDE BY SAY, I AM PROUD TO STAND WITH MY COLLEAGUES IN SUPPORT OF ISRAEL AND THE RIGHT THAT SHE HAS TO DEFEND AND PROTECT HERSELF. WE WILL CONTINUE TO WORK TOWARD PEACE AND SECURITY FOR ISRAEL.

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  • 07:29:51 PM

    MR. WEINER

    THE CHAIRWOMAN -- THE GENTLELADY FROM NEW YORK.

  • 07:30:09 PM

    >>

    FOR PROVIDING CRITICAL DETAILS OF EXACTLY WHAT HAPPENED. LET THERE BE NO…

    FOR PROVIDING CRITICAL DETAILS OF EXACTLY WHAT HAPPENED. LET THERE BE NO DOUBT IN ANYONE'S MIND, ISRAEL HAS THE RIGHT TO DEFEND HERSELF AND THE RESPONSIBILITY TO PROTECT HER CITIZENS FROM HAMAS, WHICH DENIES ISRAEL'S RIGHT TO EXIST AND RAINS ROCKETS DOWN ON ITS CITIZENS. WHILE ISRAEL REVIEWS THE FLOTILLA INCIDENT AND CONTINUES THE BEST WAY TO IMPLEMENT EA THE GAZA BLOCKADE WE MUST NOT FORGET THAT FAILURE TO PREVENT WEAPONS AND OTHER MATERIALS FROM REACH HAG MAS WOULD BE A DERELICTION OF ISRAEL'S MOST BASIC RESPONSIBILITY TO ITS PEOPLE. I STAND FIRMLY IN SUPPORT OF ISRAEL'S RIGHT TO SELF-DEFENSE AND I AM COMMITTED TO MAINTAINING ISRAEL'S QUALITATIVE MILITARY EDGE, SO SHE CAN CONTINUE TO DEFEND HER CITIZENS. AS THE BLAME ISRAEL FIRST CROWD CONTINUES TO ATTACK OUR DEMOCRATIALLY ISRAEL OVER A HOST OF CHALLENGES IN THE MIDDLE EAST, I AM REMINDED OF A SIMPLE YET POWERFUL CONCEPT, WORDS MATTER. THE INFLAMMATORY RHETORIC SURROUNDING EVENTS INHE MIDDLE EAST IN RECENT WEEKS AND MONTHS ONLY BEGETS MORE HOSTILITY, DISCOURAGES EFFORTS TOWARD A LASTING PEACE AGREEMENT, WHICH THE PEOPLE OF ISRAEL, THE PEOPLE OF THE WEST BANK, THE PEOPLE OF GAZA DESERVE AND THESE WORDS CAN INCITE THOSE ENCOURAGING VIOLENCE AGAINST ISRAEL. THE ADMINISTRATION FOCUSED TODAY ON HUMANITARIAN AND DEVELOPMENT -- AN ADDITIONAL MINUTE BY ANNAPOLIS CONSENT? TO STRENGTHEN THE PALESTINIAN AUTHORITY SO --

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  • 07:31:44 PM

    THE SPEAKER PRO TEMPORE

    THE HOUSE POLICY DOES NOT ALLOW EXTENSIONS OF THE SPECIAL ORDER.

  • 07:31:54 PM

    THE SPEAKER PRO TEMPORE

    THE SPEAKER'S ANNOUNCED POLICY DOES NOT ALLOW EXTENSIONS OF SPECIAL…

    THE SPEAKER'S ANNOUNCED POLICY DOES NOT ALLOW EXTENSIONS OF SPECIAL ORDERS. THE CHAIR LAYS BEFORE THE HOUSE A COMMUNICATION.

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  • 07:32:10 PM

    THE CLERK

    THE CONGRESS OF THE UNITED STATES, PURSUANT TO THE AUTHORITY INVESTED IN…

    THE CONGRESS OF THE UNITED STATES, PURSUANT TO THE AUTHORITY INVESTED IN ME BY SECTION 902-B-2 OF THE FOREIGN RELATIONS AUTHORIZATION ACT, FISCAL YEARS 1990 AND 1991, PUBLIC LAW 101-246, AND AS PRESIDENT OF THE UNITED STATES, I HEREBYEPORT TO THE CONGRESS THAT IT IS IN THE NATIONAL INTEREST OF THE UNITED STATES TO TERMINATE THE SUSPENSIONS UNDER SECTION 902-A-3 OF THE ACT WITH RESPECT TO THE ISSUANCE OF PERM YENT MUNITIONS EXPORT LICENSES, FOR EXPORTS TO THE PEOPLE'S REPUBLIC OF CHINA, IN SO FAR AS SUCH RESTRICTIONS PERTAIN TO THE LIGHT SCANNER 32 SYSTEM USED FOR GENE MUTATION GENO TYPING FOR INDIVIDUAL CANCER TREATMENT. LICENSING REQUIREMENTS REMAIN IN PLACE FOR THESE EXPORTS AND REQUIRE REVIEW ON A CASE BY CASE BASIS BY THE UNITED STATES GOVERNMENT. SIGNED, BARACK OBAMA, THE WHITE HOUSE.

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  • 07:33:08 PM

    THE SPEAKER PRO TEMPORE

    REFERRED TO THE COMMITTEE ON FOREIGN AFRS AND ORDERED PRINTED. UNDER THE…

    REFERRED TO THE COMMITTEE ON FOREIGN AFRS AND ORDERED PRINTED. UNDER THE SPEAKER'S ANNOUNCED POLICY OF JANUARY 6, 2009, THE GENTLEMAN FROM MISSOURI, MR. AKIN, IS RECOGNIZED FOR 60 MINUTES AS THE DESIGNEE OF THE MINORITY LEADER.

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  • 07:33:21 PM

    MR. AKIN

    THANK YOU, MR. SPEAKER. I WOULD NOW YIELD THREE MINUTES TO -- OR TWO…

    THANK YOU, MR. SPEAKER. I WOULD NOW YIELD THREE MINUTES TO -- OR TWO MINUTES OVER HERE.

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  • 07:33:27 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN MAY NOT YIELD BLOCKS OF TIME BUT YOU MAY YIELD.

  • 07:33:31 PM

    MRS. LOWEY

    I THANK THE GENEMAN AND I'M GOING TO COMPLETE MY STATEMENT AND I…

    I THANK THE GENEMAN AND I'M GOING TO COMPLETE MY STATEMENT AND I APPRECIATE YOUR GENEROSITY. AS THE BLAME ISRAEL FIRST CROWD CONTINUES TO ATTACK OUR DEMOCRATIC ALLY, ISRAEL, OVER A HOST OF CHALLENGES IN THE MIDDLE EAST, I AM REMINDED OF A SIMPLE YET POWERFUL CONCEPT, WORDS MATTER. THE INFLAMMATORY RHETORIC SURROUNDING EVENTS IN THE MIDDLE EAST IN RECENT WEEKS AND MONTHS ONLY BEGETS MORE HOSTILITY, DISCOURAGES EFFORTS TOWARD A LASTING PEACE AGREEMENT, WHICH THE PEOPLE OF ISRAEL, THE PEOPLE OF THE WEST BK, THE PEOPLE OF GAZA DESERVE AND CAN INSIGHT THOSE ENCOURAGING VIOLENCE AGAINST ISRAEL. THE ADMINISTRATION FOCUSED TODAY ON HUMANITARIAN AND DEVELOPMENT ASSISTANCE TO STRENGTHEN THE PALESTINIAN AUTHORITY SO IT CAN SERVE AS A VIABLE PARTNER IN PEACE TO ISRAEL. BUT THEY MUST MAKE CLEAR TO ALL THE PALESTINIAN PEOPLE THAT THEIR SECURITY AND PROSPEROUS FUTURE, AND WE'VE SEEN AN 11% GROWTH IN THE WEST BANK, DEPENDS ON REJECTING HAMAS, RECOGNIZING ISRAEL AND WORKING WITH THE INTERNATIONAL COMMUNITY AND ISRAEL TO ACHIEVE A TWO-STATE SOLUTION. DESPITE THE CURRENT TENSE ENVIRONMENT, SOME POSITIVE STEPS WERE TAKEN TO IMPROVE ISRAEL'S SECURITY AS WELL AS BOLSTER U.S. INTERNATIONAL SECURITY INTERESTS. IRAN-S -- CONTINUES TO BA THREAT TO ISRAEL, THE REGION AND THE WORLD. I'M PLEASED OF TODAY'S AGREEMENT BY THE U.N. SECURI COUNCIL TO IMPOSE MULTILATERAL SANCTIONS ON IRAN, WILL HOLD THE REGIME ACCOUNTABLE FOR ITS RECKLESS PURSUIT OF NUCLEAR WEAPONS AND I LOOK FORWARD TO CONGRESS FINALIZING STRONG BILATERAL SANCTIONS AND URGE EUROPEAN PARTNERS AND OTHER RESPONSIBLE COUNTRIES TO DO THE SE. WE MUST CONTINUE TO STRONGLY SUPPORT THE U.S.-ISRAELI PARTNERSHIP WHICH PROVIDES INVALUABLE BENEFITS TO BOTH OF OUR COUNTRIES' NATIONAL SECURITIES. I YIELD BACK. THANK YOU.

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  • 07:35:33 PM

    THE SPEAKER PRO TEMPORE

    THE GENTLEMAN FROM MISSOURI CONTROLS THE TIME.

  • 07:35:36 PM

    MR. AKIN

    MY GOOD FRIEND.

  • 07:35:41 PM

    >>

    THANK YOU. I THANK THE GENTLEMAN AND I'LL BE BRIEF. I RISEN SUPPORT OF…

    THANK YOU. I THANK THE GENTLEMAN AND I'LL BE BRIEF. I RISEN SUPPORT OF EVERYTHING THAT MY COLLEAGUES HAVE SAID. THE U.S.-ISRAEL RELATIONSHIP IS A SPECIAL RELATIONSHIP AND IT'S A RELATIONSHIP THAT NEEDS TO BE STRENGTHENED.

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  • 07:35:57 PM

    MR. ENGEL

    THE UNITED STATES IS ISRAEL'S ONLY TRUE FRIEND. IN FACT, WHEN YOU LOOK AT…

    THE UNITED STATES IS ISRAEL'S ONLY TRUE FRIEND. IN FACT, WHEN YOU LOOK AT THE UNITED NATIO OR THE SO-CALLED HUMAN RIGHTS COUNCIL IN THE UNITED NATIONS, IT'S REALLY A KANGAROO COU STACKED UP AGAINST ISRAEL. NO WONDER ISRAEL DOESN'T ACCEPT WHAT THE SO-CALLED INTERNATIONAL BODY SAYS ABOUT TH BECAUSE THEY CAN NEVER DO ANYTHING RIGHT. THEY'RE ALWAYS CONDEMN NOD MATTER WHAT THEY TRY, NO MATTER WHAT THEY DO. MY COLLEAGUES HAVE POINTED OUT THAT ISRAEL, LIKE EVERY OTHER SOVEREIGN NATION, HAS THE RIGHT TO DEFEND ITSELF, THAT ISRAEL HAS AT LEAST TWICE SEIZED LARGE CATCHES OF ARMS ABOARD IRANIAN SHIPS BOUND FOR HAMAS AND HEZBLAH AND A BLOCKADE IS AN IMPORTANT SECURITY MEASURES WHEN EMPLOYED IN THE FACE OF HOSTILITY, SUCH AS THAT DIRECTED BY HAMAS AGAINST ISRAEL. HAMAS DOESN'T RECOGNIZE ISRAEL'S RIGHT TO EXIST, HAS VOWED TO DESTROY ISRAEL, WON'T ABIDE BY ANY AGREEMENTS THAT HAVE BEEN SIGNED BY ISRAEL IN THE PREVIOUS PALESTINIAN GOVERNMENTS AND SO ISRAEL HAS TO MAKE SURE THAT TRASTE TAX DON'T COME -- TERRORIST ATTACKS DON'T COME FROM GAZA INTO ISRAEL AS THEY HAVE FOR SUCH A LONG TIME. AS MY COLLEAGUES HAVE POINTED OUT, ISRAEL HAD OFFERED TO INEXPECT THE -- INSPECT THE FLOTLAS AND LET ALL THE HUMANITARIAN AID ON THE FLOTILLAS GO TO GAZA BUT THESE PEOPLE ON THE FLOTILLA WERE OBVIOUSLY NOT INTERESTED IN DELIVERING HUMANITARIAN AID. THEY WERE INTERESTED IN PROVOKING A VIOLENT REACTION WITH ISRAEL. SO I JUST WANT TO STAND IN SUPPORT OF THE U.-ISRAEL RELATIONSHIP, A STRONG RELATIONSHIP, ISRAEL IS OUR BEST FRIEND AND ALLY IN THE MIDDLE EAST, AND HOPEFULLY SOON THERE WILL BE A SOLUTION TO THE ISRAELI-PALESTINIAN CONFLICT, TWO STATES, SIDE BY SIDE, LIVING IN PEACE AND HARMONY. A PALESTINIAN STATE AND AN ISRAELI JEWISH STATE AND THAT IS SOMETHING THAT WE ALL STRIVE TO WORK FOR. I WANT TO THANK MR. WEINER FOR ORGANIZING THIS, I WANT TO THANK MR. HOYER, OUR MAJORITY LEADER, FOR ALWAYS BEING A STALWART, I WANT TO THANK MR. AKIN FOR GIVING US THE OPPORUNITY TO SPEAK. WHEN IT COMES TO ISRAEL, THIS CONGRESS IS UNITED WITH STRONG BIPARTISAN SUPPORT AND WE'RE GOINTO KEEP IT THAT WAY. THANK YOU. I YIELD BACK.

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  • 07:38:13 PM

    MR. AKIN

    I THANK THE GENTLEMAN. I THINK YOU'RE ARTICULATE AND I THINK THAT THAT'S…

    I THANK THE GENTLEMAN. I THINK YOU'RE ARTICULATE AND I THINK THAT THAT'S ACCURATE TO SAY, THERE IS A GOOD BIPARTISAN SENTIMENT THAT, YOU KNOW, WHEN A SMALL NATION IS TRYING TO DEFEND ITSELF, WE'VE ALWAYS STOOD FOR PEOPLE AND THE BASIC PRINCIPLE OF PEOPLE BEING ALLOWED TO BE FREE AND HAVE SOME SELF-DETERMINATION AS TO HOW THEY'RE GOING TO RULE THEIR OWN COUNTRY AND BE FREE FROM THE FEAR OF TERRORISTS, THAT'S SOMETHING THAT AMERICANS CAN REALLY AGREE ON. I APPRECIATE YOUR TAKING TIME ON THAT SUBJECT AND ALSO MY GOOD FRIEND FROM NEW YORK, TAKING THE TIME TO ORGANIZE THE HOUR, VERY GOOD JOB, THANK YOU.

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  • 07:38:46 PM

    MR. WEINER

    IF THE GENTLEMAN WOULDIELD.

  • 07:38:50 PM

    MR. WEINER

    THANKS TO YOU. I DON'T KNOW IF THEY HAVE C-SPAN IN ISRAEL BUT SOMETIMES…

    THANKS TO YOU. I DON'T KNOW IF THEY HAVE C-SPAN IN ISRAEL BUT SOMETIMES IT'S EASE HEY FOR THAT LITTLE COUNTRY TO FEEL BESET ON ALL SIDES. WE SHARE THE SAME COMMON SENSE THAT THEY DO, THAT THEY'RE VICTIMS OF TERROR AND I WANT TO THANK YOU. WHICH DISAGREE ON A LOT IN THIS PLACE AND YOU'RE GOING TO SPEND THE NEXT HOUR OR SO POINTING OUT SOME OF THOSE PLACES BUT THERE'S SOME AREAS THAT HAVE BROAD BIPARTISAN SUPPORT AND ISRAEL IS ONE OF THOSE THINGS. I WANT TO THANK YOU FOR BEING AT THE FOREFRONT OF THAT.

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  • 07:39:16 PM

    MR. AKIN

    MUCH, GENTLEMEN, AND THANK YOU FOR THE LEADERSHIP YOU'VE SHONE TONIGHT.

  • 07:39:21 PM

    MR. AKIN

    I'D NOW CHANGE GEARS HERE AND GET ONTO ANOTHER SUBJECT. WE'RE DEALING WITH…

    I'D NOW CHANGE GEARS HERE AND GET ONTO ANOTHER SUBJECT. WE'RE DEALING WITH SOME WEIGHTY TOPICS TONIGHT. THE PREVIOUS WAS OF COURSE INTERNATIONAL RELATIONS. THE OTHER IS CLOSER TO HOME AND IT'S REALLY THE QUESTION OF THE ECONOMY. THE DEMOCRATS' MANAGEMENT OF THE ECONOMY, WHAT SHOULD BE DONE WITH THE ECONOMY, HOW DOES THAT AFFECT JOBS AND HOW DOES THAT AFFECT ALL OF OUR LIVES? AND, YOU OW, I GUESS THAT SOUNDS LIKE KIND OF A BORING SUBJECT IN SOME WAYS. BUT ON THE OTHER HAND, IT SO MUCH INFLUENCES AND AFFECTS EVERY SINGLE PERSON IN OUR COUNTRY THAT I GUESS WE HAVE TO PUT UP WITH A LITTLE BIT OF TALK ABOUT ECONOMICS JUST TO MAKE SURE THAT WE'RE NOT DESTROYING OUR COUNTRY, DESTROYING OUR JOBS AND PUTTING OUR GRANDCHILDREN INTO DEBT. AND SO, THE WHOLE TOPIC OF ECONOMICS AND JOBS CAN BE A LITTLE PER FLEX FLEXING BUT IT ESN'T HAVE TO BE -- PERPLEXING BUT IT DOESN'T HAVE TO BE. I DO APOLOGIZE AHEAD OF TIME THAT I AM BY TRAINING AN ENGINEER AND SOMEONE UNS SAID THAT ENGINEERS SHOULDN'T BE ALLOWED IN POLITICAL OFFICE. PERHAPS BECAUSE THEY'RE TOO LOGICAL OR WHATEVER THE REASONS ARE. BUT I DO THINK IT'S IMPORTANT TO BACK UP JUST A LITTLE BIT, SAY WHERE WE ARE HERE IN THE ECONOMY, AND HOW WE GOT TO WHERE WE'RE GOING AND WHAT MISTAKES HAVE BEEN MADE. I'M NOT ONE TO WANT TO JUST CRITICIZE AND NOT OFFER SOLUTIONS. SO I'M GOING TO TRY TO DO THAT. I'M GOING TO TRY TO DRAW SOME PRACTICAL APPLICATIONS AS WE WRAP UP IN A WHILE. WHAT WE SHOULD BE DOING, WHAT POLICIES SHOULD BE CHANGED, WHAT DOES AMERICA HAVE TO DO TO PULL OURSELVES OUT OF THE ECONOMIC NOSE DIVEHAT WE'RE CURRENTLY IN? IT'S NOT A GRAVEYARD SPIRAL. THERE WERE DAYS IN THE EARLY DAYS OF AIRPLANES THAT WHEN A PILOT GOT -- PULLED HIS AIRPLANE UP INTO A STALL, FELL OVER BACKWARDS, HE WOULD GET INTO A GRAVEYARD SPIRAL AND THE PILOT WOULD GRAB THE STICK OF THE AIRPLANE, PULL IT BACK VIOLENTLY TO TRY TO GET THE NOSE OF THE AIRPLANE TO PULL OFF FROM THE GRONED GROUND AND THE AIRPLANE WOULD KEEP SPIRALING DOWN AND CRASH INTO THE GROUND. IT RUINED THE PILOT'S TO WHOLE DAY. OUR ECONOMY -- THE PILOT'S WHOLE DAY. OUR ECONOMY MAY BE IN A GRAVEYARD SPIRAL BUT THERE'S THING WE CAN DO TO PRESENT FROM CRASHING BUT WE'RE GOING TO HAVE TO DO THAT AND DO IT SOON. SO THAT'S WHAT I WANT TO TAKE A LOOK AT. I WANT TO BACK UP JUST A LITTLE BIT TO THE DAYS OF -- BACK AT THIS SUPER CONSERVATIVE ORACLE, "THE NEW YORK TIMES." THIS IS SEPTEMBER 11, 2003. THIS IS THE BEGINNING, REALLY THE BEGINNING OF PRESIDENT BUSH'S PRESIDENCY. AND HE GOES TO THE "THE NEW YORK TIMES" AND THIS IS SEPTEMBER 11, BUT IT'S NOT 2001, IT'S 2003, AND IT SAYS HERE, THIS IS THE ARTICLE, THE BUSH ADMINISTRATION TODAY RECOMMENDED THE MOST SIGNIFICANT REGULATORY OVERHAUL IN THE HOUSING FINANCE INDUSTRY SINCE THE SAVINGS AND LOAN CRISIS A DECADE AGO. THAT'S INTERESTING. PRESIDENT BUSH WAS SAYING IN 2003, WE'VE GOT TO TAKE A LOOK AT THIS FINANCE INDUSTRY AND THE OVERHAUL OF THIS HOUSING FINANCE INDUSTRY. AND UNDER THE PLAN DISCLOSED AT A CONGRESSIONAL HEARING TODAY, A NEW AGENCY WOULD BE CREATED WITHIN THE TREASURY DEPARTMENT TO ASSUME SUPERVISION OF FANNIE MAE AND FREDDIE MAC, THE GOVERNMENT-RESPONSED COMPANIES THAT ARE THE TWO LARGEST PLAYERS IN THE MORTGAGE LENDING INDUSTRY. INTERESTING. THIS IS WAY BEFORE THE SAVINGS AND LOAN -- I MEAN, WAY BEFORE THE MORTGAGEBACKED SECURITY THING HIT THE FAN, THE WHOLE STOCK MARKET CRASHES, ALL THAT SORT OF STUFF. THIS IS WAY BEFORE THAT. SO, PRESIDENT BUSH, HE'S SAYING, OK, LET'S REGULATE THESE BECAUSE THEY'RE OUT OF CONTROL. THEY'VE LOST $1 BILLN OR SOMETHING, THEY THOUGHT, THAT'S NOT POCKET CHANGE. HERE'S THE PRESIDENT ASKING FOR THIS AUTHORITY AND WHAT DO WE HAVE FROM THEN IN THE MINORITY, WE HAD THIS FROM REPRESENTATIVE FRANK. HE SAYS, THESE TWO ENTITIES, FANNIE MAE AND FREDDIE MAC, ARE NOT FACING ANY KIND OF FINANCIAL CRISIS. THE MORE PEOPLE EXAGGERATE THESE PROBLEMS, THE MORE PRESSURE THERE IS ON THESE COMPANIES, THE LESS WE'LL SEE IN TERMS OF AFFORDABLE HOUSING. NOW, PEOPLE WHO KNOW FREDDIE AND FANNIE KNOW THAT THESE GUYS WERE BIG PLAYERS HERE IN ON THE HILL. THEY HAD LOBBYISTS THAT WERE TERRIBLY EFFECTIVE, WENT AROUND AND DISTRICTED A WHOLE LOT OF NOUN A LOT OF PEOPLE AND THEY DIDN'T WANT ANYBODY PLAYING IN THE DEAL THEY HAD GOING AND SO WHAT HAPPENED HERE? WELL, WHAT HAPPENED WAS THE HOUSE, AT THAT TIME IN REPUBLICAN CONTROL, PASSED A BILL TO REGULATE FREDDIE AND FANNIE. IT WENT TO THE SENATE AND WHAT DO YOU THINK HAPPENED TO IT? THIS KNOWS DAYS REPUBLICANS HAD MAJORITY IN -- IN THOSE DAYS THE REPUBLICANS HAD A MAJORITY IN THE SENATE BUT DIDN'T HAVE THE 60 VOTES NECESSARY FOR CLOTURE SO THE BILL WAS KILLED BY DEMOCRATS IN THE SENATE. FREDDIE AND FANNIE CONTINUED ON THEIR MERRY WAY AND ALL OF A SUDDEN A NUMBER OF YEARS LATER WHAT OTHER PEOPLE HAD SEEN, BUSH HAD SEEN YEARS BEFORE WAS GOING TO HAPPEN, IT HAPPENED. AND WE HAD THIS GREAT BIG CRISIS START. NOW, THAT WAS ALL CONNECTED WITH ACORN, THE ORGANIZATION THAT WAS PUSHING BANKS TO MAKE LOANS THAT NORMALLY A BANK WOULDN'T MAKE BECAUSE THE PEOPLE THAT THE LOANS ARE GOING TO BE MADE TO COULDN'T AFFORD TO PAY THEM. SOE STARTED GOING ON THIS TRACK OF PASSING OUT LOANS TO PEOPLE THAT COULDN'T AFFORD TO PAY THEM AND EVERY TIME WE SOLD ONE OF THOSE LOANS, SOMEBODY MADE SOME MONEY. AND WHAT DID IT DO WITH ALL THOSE BAD LOANS? THEY DUMPED THEM ALL ON FREDDIE AND FANNIE AND AS YOU KNOW, YOU KEEP DOING SOMETHING LIKE THIS, PRETTY SOON THE MUSIC'S GOING TO STOP AND THERE ARE GOING TO BE PEOPLE WITHOUT CHAIRS. THAT'S WHAT HAPPENED IN THE SAVINGS AND LOAN PROBLEM. NOW, WHAT'S GOING TO BE THE SOLUTION? WELL, WE'RE GOING TO TALK A LITTLE BIT ABOUT THAT. AND WHERE WE'RE GOING WITH THE ECONOMY, WHAT WE NEED TO BE DOING, I'M JOINED NOW IN THE CHAMBER BY A GOOD FRIEND OF MINE, DR. PAUL BROUN, FROM THE ATLANTA, GEORGIA, AREA, IF I RECALL PROPERLY. NOT ATLANTA, A SIMILAR PART OF GEORGIA.

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  • 07:45:16 PM

    MR. BROUN

    AND AUGUSTA, MY TWO MAJOR CITIES.

  • 07:45:18 PM

    MR. AKIN

  • 07:45:33 PM

    MR. BROUN

    I HOPE THE AMERICAN PEOPLE PAY ATTENTION TO YOUR EXPLANATION BECAUSE IT'S…

    I HOPE THE AMERICAN PEOPLE PAY ATTENTION TO YOUR EXPLANATION BECAUSE IT'S BEEN DEMOCRATS ALL ALONG WHO FOUGHT ANY REFORM OF FREDDIE AND FANNIE. FREDDIE AND FANNIE WERE RIGHT IN THE MIDDLE OF THE CAUSE OF THE FINANCIAL DOWNTURN WE'VE SEEN TODAY. JUST TODAY WE'VE VOTED ON TRYING TO NAME CONFEREES TO THE FINANCIAL SERVICES -- A COMMITTEE OF CONFEREES FROM THE HOUSE AND SENATE TO TALK ABOUT FINANCIAL REFORM, WE TRIED TO BRING FREDDIE AND FANNIE INTO THE FOLD BUT DEMOCRATS ACROSS THE BOARD HAVE REJECTED FROM 2003 UP TO TODAY TO SOLVE THE PROBLEM. WHEN OFF FIRE GOING, YOU WANT TO TRY TO FIND OUT THE SOURCE OF THE FIRE AND PUT OUT THE SOURCE OF THE PROBLEM. I'M A MEDICAL DOCTOR. WHEN YOU HAVE A MEDICAL PROBLEM GOING ON, YOU TRY TO FIND THE SOURCE OF THE PROBLEM. IF YOU HAVE A CANCER, YOU WANT TO NOT JUST DEAL WITH THE SYMPTOMS OF THE CANCER OR EVEN THE METAASIS, THE SPREAD OF THE CANCER BUT THE PRIMARY TUMOR AN GET IT OUT IF YOU CAN. FREDDIE AND FANNIE ARE THE SOURCE OF THE PROBLEM AND DEMOCRATS ACROSS THE BOARD HAVE RESISTED FROM 2003 ALL THE WAY TO TODAY THE EFFORTS THAT REPUBLICANS HAVE MADE TO TRY TO CUT OUT THIS CANCER. OF FREDDIE AND FANNIE.

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  • 07:47:06 PM

    MR. AKIN

    IT PAINTS A VIVID PICTURE. BUT THERE'S A PROBLEM WITH FANNIE AND FRED…

    IT PAINTS A VIVID PICTURE. BUT THERE'S A PROBLEM WITH FANNIE AND FRED TCHEESM PROBLEM IS, YOU DON'T GET SOMETHING FOR NOTHING. I'M AN ENGINEER. IF IT ISN'T THERE, IT ISN'T THERE. WE'RE USING FREDDIE AND FANNIE TO MAKE LOANS TO A CERTAIN NUMBER OF PEOPLE WHO CAN'T AFFORD TO PAY THEM AND THEN THAT MEANS WHERE IS THE MONEY GOING TO COME FROM IN MR.

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  • 07:47:37 PM

    MR. AKIN

    POINT. IS IT THE JOB OF THE AMERICAN PUBLIC BAIL OUT PEOPLE WHO MAKE…

    POINT. IS IT THE JOB OF THE AMERICAN PUBLIC BAIL OUT PEOPLE WHO MAKE IRRESPONSIBLE LOANS? HOW ABOUT PEOPLE WHO GET LOANS, MAKE THE MORTGAGE PAYMENT, DO EVERYTHING BY THE BOOK AND THEY GET HAMMERED BECAUSE SOMEBODY EL DIDN'T DO IT THAT WAY? IS THERE ANY SENSE OF FAIRNESS IN THIS? WHAT WE'RE DOING IS CREATING AN INCENTIVE FOR PEOPLE TO DO THE WRONG THING TO TAKE A LOAN THEY CAN'T AFFORD TO PAY THEY PUT MORE STRESS ON THEIR OWN FAMILY ECONOMICALLY, HOW IS THAT COMPASSIONATE, BY THE WAY, WHEN YOU'RE THE DAD SUPPOSEDLY PROVIDING FOR YOUR FAMILY AND YOU'RE IN DANGER EVERY MONTH OF THE MORTGAGE PAYMENT AND THEY'RE GOING TO PUT YOU AND THE KIDS AND THE SEW ZOE FA OUT ON THE SIDEWALK. THAT'S WHAT THESE POLICIES ON FRED TEE AND FANNIE ARE DOING. WE NEED TO REFORM FREDDIE AND FANNIE AND WE'RE IN THE WILLING TO DO THAT. I WANT TO JUMP FORWARD, PAST FREDDIE AND FANNIE, WE'VE GOT THE TROUBLE WITH WALL STREET STARTING TO MELT DOWN WE DO THE BIG BAILOUT OF WALL STREET AND THEN THE CENTER POINT OF THE DEMOCRAT'S PLAN WAS THE STIMULUS PACKAGE. THE IDEA WAS, THEY SAW UNEMPLOYMENT STARTING TO GO UP, THE ECONOMY WAS P, THIS IS A GREAT OPPORTUNITY FOR US TO SPEND MONEY ON ALL THE THINGS WE WANT TO SPEND MONEY ON. SO THEY SPENT $800 BILLION WHICH IS A WHOLE LOT OF MONEY, ON THIS STIMULUS PACKAGE AND THE IDEA WAS IF WE SPENT ENOUGH MONE IT WILL GET THE ECONOMY GOING AGAIN, IN SPITE OF FIXING FREDDIE AND FANNIE. WHAT DO YOU THINK ABOUT THAT EORY THAT IF THE GOVERNMENT SPENDS TONS OF MONEY, IT'S GOING TO SOMEHOW GET THE ECONOMY GOING. A LOT OF PEOPLE BELIEVE THAT. I YIELD TO MY FRND.

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  • 07:49:21 PM

    >>

    THIS HAS BEEN DESCRIBED AS KEYNESIAN ECONOMICS, WHICH MEANS BIGGER…

    THIS HAS BEEN DESCRIBED AS KEYNESIAN ECONOMICS, WHICH MEANS BIGGER VERNMENT SPENDING, MORE BORROW, YOU'VE GOT A GREAT QUOTE THERE, HENRY MORGENTHAU, F.D.R.'S TREASURY SECRETARY, DURING THE GREAT DEPRESSION, MADE THIS GREAT QUOTE, IT SAYS, WE'VE JUST -- AS MUCH UNEMPLOYMENT -- WE HAVE JUST AS MUCH UNEMPLOYMENT AS WHEN WE STARTED THIS MASSIVE GOVERNMENT SPENDING AND ENORMOUS DEBT TO BOOT. THAT'S EXACTLY WHAT WE'RE DOING. THE AMERICAN PEOPLE KNOW, MOST AMERICAN PEOPLE KNOW, NOT ALL, BUT MOST AMERICAN PEOPLE KNOW THAT SOCIALISM NEVER HAS WORKED, NEVER WILL WORK BUT THIS IS A SOCIALISTIC, THIS TYPE OF PHILOSOPHY OF BIGGER GOVERNMENT, CENTRAL CONTROL FROM WHATEVER THE CAPITAL IS WE SAW IT IN THE SOVIET UNION, IT'S WHAT STALIN PUT UP THERE IN THE SOVIET UNION. IN FACT, F.D.R. SAID -- SENT HIS LIEUTENANTS TO RUSSIA BACK DURING THAT PERIOD OF TIME WHEN THE GREAT DEPRESSION STARTED EARLY ON IN THE ROOSEVELT PRESIDENCY, SE HIS LIEUTENANTS TO LOOK AT WHAT STALIN WAS DOING BECAUSE THEY THOUGHT THIS WAS THE GREATEST THING IN THE WORLD. AND WE NEED TO PUT THAT KIND OF POLICY HERE. THAT'S EXACTLY WHAT IS GOING TON RIGHT NOW WITH THE LEADERSHIP. THEY MAY AS WELL SEND THEIR LIEUTENANT, THEY SHOULD GO BACK AND LOOK AT HISTORY, WHAT STALIN DID AN UNDERSTAND FROM HISTORY THAT IT DOESN'T WORK. IT WILL NOTND CANNOT.

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  • 07:50:59 PM

    MR. AKIN

    YOUR JUMPING A LITTLE BIT AHEAD. YOU ANTICIPATED WHERE I'M GOING. THE…

    YOUR JUMPING A LITTLE BIT AHEAD. YOU ANTICIPATED WHERE I'M GOING. THE QUESTION IS, THERE HAVE BEEN SOME ASSUMPTIONS MADE BY THE DEMOCRATS ABOUT THE ECONOMY AND THE QUESTION IS, ARE THOSE ASSUMPTIONS ANY GOOD OR NOT? AND ONE OF THE THINGS THAT HISTORY DOES TELL US IS WE SHOULD LEARN SOMETHING FROM IT. F.D.R.'S TREASURY SECRETARY HENRY MORGENTHAU, AFTER TRYING IT FOR EIGHT YEAR, TRURNING A RECESSION INTO THE GREAT DEPRESSION, WE CONSIDER THE GREATEST DEPRESSION WE HAD, THEY SPENT TONS OF FEDERAL MONEY BUT AT LEAST THEY SPENT IT ON CONCRETE, GREAT BIG DAMS AND ROADS AND BUILDING PROJECTS. OF COURSE THE $800 BILLION WE SPENT WASN'T SPENT ON A LOT OF STUFF, IT WAS MORE GOVERNMENT GIVEAWAYS. WE'RE JOINED BY MY GOOD FRIEND CONGRESSWOMAN LEWIS, BIDE DELIGHTED IF YOU COULD JUMP INTO THE CONVERSATION HERE , WE'RE FOCUSING ON THE ECONOMY, WHAT ASSUMPTIONS THAN DONE THAT ARE WRONG AND WHAT DO WE NEED TO GET IT FIXED AND STRAIGHTEN THINGS OUT?

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  • 07:51:59 PM

    MS. LEWIS

    THE GENTLEMAFOR HIS COURTESY TO THE PREVIOUS GROUP --

  • 07:52:05 PM

    MRS. LUMMIS

    I THANK THE GENTLEMAN R HIS COURTESY TO THE PREVIOUS GROUP, ALLOWING THEM…

    I THANK THE GENTLEMAN R HIS COURTESY TO THE PREVIOUS GROUP, ALLOWING THEM TO ACT NONG THE IMPORTANCE OF OUR ALLY THERE IS. ONE OF THE ISSUES WE HAVE TO ADSS AS WE ADDRESS THIS ECONOMIC DOWNTURN WE ARE IN IS THE ROLE OF THE FEDERAL GOVERNMENT IN EXACERBATING THE PROBLEM. AS WE ALL KNOW, FEDERAL EMPLOYMENT AND PRIVATE SECTOR EMPLOYMENT ARE NOT THE SAME THING. A PRIVATE SECTOR JOB PAYS FOR OTHER PEOPLE'S JOBS THROUGH TAXES, WHEREAS A PUBLIC SECTOR JOB CONSUMES MORE THAN IT PAYS IN TAXES. SO IT'S IMPORTANT THAT WE WATCH THE RELATIONSHIP AND THE GROWTH OF FEDERAL JOBS VERSUS THE DECLINE IN PRIVATE JOBS. THIS FIRST CHART THAT I HAVE SHOWS THE FEDERAL GOVERNMENT EMPLOYMENT AND HOW IT'S CHANGED IN THE PAST NUMBER OF YEARS. I'D LIKE TO POINT OUT THAT YEARS 2002, 2003, FOUR, 2005, AND 2006, WHERE FEDERAL GOVERNMENT EMPLOYMENT WAS RELATIVELY FLAT. IN FACT, ALMOST FLAT AS A PANCAKE. THEN WE GET INTO THE PELOSI CONGRESS D IT'S GOING UP MARKEDLY WITH THE YEAR010 HERE ON THE END OF THIS CHART SHOWING YOU THAT WE'RE GETTING BACK TO LEVELS THAT ARE UNPRECEDENTED SINCE REPUBLICANS TOOK OVER CONTROL OF CONGRESS IN 1995. I ALSO WANT TO ILLUSTRATE WHAT HAS HAPPENED TO PRIVATE SECTOR EMPLOYMENT DURING THIS TIME PERIOD THIS CHART COMPARED PRIVATE SECTOR EMPLOYMENT TO PUBLIC SECTOR EMPLOYMENT, OR GOVERNMENT EMPLOYMENT. THE RED LINE GOVERNMENT EMPLOYMENT AND THE MORE FLAT LINE OF THE RED LINE ILLUSTRATES ONCE AGAIN THOSE YEARS THAT WERE RELATIVELY STABLE, 2003, 2004, 2005, AND 2006. THEN THE PELOSI CONGRESS TOOK EFFECT AND HERE THE GOVERNMENT EMPLOYMENT BEGINS TO SHOOT UP. THE SCARY PART OF THIS CHART IS THE BLUE LINE IS WHAT'S HAPPENING TO PRIVATE SECTOR EMPLOYMENT. IT HAS CRESTED AND TN FROM THE PELOSI CONGRESS ON, DECLINED DRAMATICALLY. THESE ARE THE YEARS OF THE PELOSI CONGRESS. WHEN PRIVATE SECTOR EMPLOYMENT PLUMMETS, THE ABILITY TO PAY FOR YOUR FAMILY PLUMMETS, UNEMPLOYMENT PAYMENTS GO UP, THOSE ARE COMING OUT OF THE PUBLIC SECTOR. TAX CLECKS GO DOWN. THE NUMBER OF JOBS, OF COURSE, S DECLINED DRAMATICALLY. THIS IS AN ILLUSTRATION OF WHAT'S HAPPENED TO OUR ECONOMY. UNLESS WE GET THIS NUMBER UNDER CONTROL, WE'RE IN TROUBLE. AND AMONG THE THINGS THAT I OPPOSE, THAT THE MAJORITY PARTY HERE IN CONGRESS IS PURSUING IS TAX INCREASES ON THE EMPLOYER CLASS. THE EMPLOYER CLASS INCLUDES THOSE SMALL BUSINESSES ALL OVER THE COUNTRY THAT ARE EMPLOYING LESS THAN 50 EMPLOYEES, THAT ARE UNABLE TO BORROW MONEY BECAUSE OF THE CONSTRAINTS ON CAPITAL THAT YOU ADDRESSED EARLIER, MR. AKIN AND ALL OF THESE CREATE THE WNWARD SPIRAL THAT WE ARE SEEING. IN ORDER TO GET OUT OF THAT SPIRAL, WE HAVE TO MAKE DRAMATIC CHANGES IN OUR TAX POLICY, OUR SPENDING POLICY, OUR OVERALL ECONOMIC POLICY, IN RELATION TO OTHER COUNTRIES AND IN RELATION TO THE AMOUNT OF DEBT THAT WE ARE ISSUING. AND I YIELD BACK.

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  • 07:56:01 PM

    MR. BROUN

    I WANTED TO PUT THOSE TWO THINGS 100% TALKING ABOUT, MR. AKIN, THE GREAT…

    I WANTED TO PUT THOSE TWO THINGS 100% TALKING ABOUT, MR. AKIN, THE GREAT DEPRESSION AND THE GOVERNMENT SPENDING AND THE UNEMPLOYMENT DIDN'T GO UP AND WHAT MRS. LUMMIS JUST SO VERY CAPABLY SHOWED US ABOUT GOVERNMENT JOBS GOING UP, DURING THE DEPRESSION, THOUGH, AS SHE JUST SAID, THERE WAS A LOT OF SPENDING ON INFRASTRUCTURE DURING THAT PERIOD OF TIME. IT DID NOT TAKE CARE OF THE UNEMPLOYMENT IF YOU LOOK AT THE UNEMPLOYMENT RATE DURING THE GREAT DEPRESSION, IT STAYED RELATIVELY FLAT, IT WENT UP AND DOWN SOME BUT IT STAYED UP FOR A BIT, THEN FELL WAY OFF. IN SPITE OF ALL THE BIG GOVERNMENT SPENDING AND ALL THE SPENDING ON INFRASTRUCTURE, BACK THEN, THOUGH, UNDER THE ROOSEVELT ADMINISTRATION THEY CREATED THE W.P.A. AND C.C.C. CAMPS AND THINGS LIKE THAT AND PUT PEOPLE ON GOVERNMENT WELFARE TO WORK BUILDING ALL THAT INFRASTRUCTURE. NOW WE'RE PAYING PEOPLE TO NOT WORK.

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  • 07:57:03 PM

    MR. AKIN

    IT'S GOTTEN EVEN WORSE, HASN'T IT?

  • 07:57:08 PM

    MR. AKIN

    T CHARTS YOU CHOSE ACTUALLY HAVE A RELATIONSHIP TO EACH OTHER WHICH YOU…

    T CHARTS YOU CHOSE ACTUALLY HAVE A RELATIONSHIP TO EACH OTHER WHICH YOU ALLUDED TO THE MECHANICS OF WHAT THAT CONNECTION IS. THAT IS, WHEN THE GOVERNMENT CREATES A JOB BY HIRING SOMEBODY, IT DOES CREATE A JOB. THE PROBLEM IS, IT KILLS TWO OTHER JOBS IN THE PRIVATE SECTOR. SO YOU THINK TO YOURSELF, HEY IF WE HAVE UNEMPLOYMENT, LET'S, FOR THE TEMPORARY SENSE, GET THE GOVERNMENT TO SPEND SOME MONEY, HIRE A BUNCH OF PEOPLE, THAT WILL TAKE CARE OF THE PROBLEM IN THE SHORT-TERM, MAYBE THE ECONOMY WILL REBOUND AN MAYBE THE GOVERNMENT WILL SHRINK AND MORE PRIVATE SECTOR JOBS COME ALONG. NO SO. WHAT HAPPENS IS THIS WHEN THE GOVERNMENT CREATES JOBS IT SPENDS MORE MONEY, TAKES MONEY AWAY FROM TREMENDOUS THE PRIVATE SECTOR AND DRIVES THE NUMBER OF PRIVATE JOBS DOWN. WHAT YOU'VE SHOWN IS AN ILLUSTRATION AND AN EXAMPLE OF FAILED ECONOMIC POLICY. IT'S A FAILED ECONOMIC POLICY WHICH WE SHOULD HAVE KNOWN FROM HENRY MORGENTHAU THAT IT WASN'T ANY GOOD AND ONE GOING TO WORK HE SAID, LOOK, WE'VE TRIED SPENDING MONEY. WE'RE SPENDING MORE THAN WE'VE EVER SPENT BEFORE AND IT DOESN'T WORK. WE'RE DOING IT AGAIN. EIGHT YEARS OF THE ADMFERINGS, WE'VE JUST AS MUCH UNEMPLOYMENT AS WHEN WE STARTED AND ENORMOUS DEBT TO BOOT. WHAT ARE WE DOING NOW? WE'RE REPEATING THE SAME FOOLISH POLICY. HERE IT IS. NOBODY WANTS TO LOOK AT THIS GRAPH. THIS IS DEFICIT UNDER THE DEMOCRAT BUDGETS. I'M A REPUBLICAN AND I'LL ADMIT WE SPENT TOO MUCH MONEY WHEN PRESIDENT BUSH WAS PRESIDENT. IT WASN'T AS BAD AS IT COULD HAVE BEEN. PEOPLE DIDN'T KNOW HOW BAD IT COULD BE. NOW WE DO. TAKE A LOOK AT THAT THE VERY WORST YEAR OF PRESENT BUSH'S SPENDING WAS WHEN IN THE PELOSI CONGRESS HERE IN 2008, THAT WAS HIS HIGHEST AMOUNT OF DEFICIT IN A GIVEN YEAR. THAT'S 1/3 OF WHAT IT WAS UNDER OBAMA THE NEXT YEAR AND THIS IS EVEN MORE SO. MR.

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  • 07:59:02 PM

    MR. BROUN

    WILL THE GENTLEMAN YIELD?

  • 07:59:05 PM

    MR. BROUN

    I WANT TO PUT PERSPECTIVE ON 2008, THAT'S WHEN THE PRESIDENT'S CHIEF…

    I WANT TO PUT PERSPECTIVE ON 2008, THAT'S WHEN THE PRESIDENT'S CHIEF ECONOMIC ADVISOR, I GUESS, THE TREASURY SECRETARY, TOLD HIM THE SKY WAS FALLING AND WE NEEDED TO PASS THE TOXIC ASSETS RELEAF PROGRAM, TARP THAT MAN REPUBLICANS VOTEDED AGAINST. I DIDN'T BUY THE DEMOCRATIC TREASURY SECRETARY UNDER A REPUBLICAN PRESIDENT, THAT'S WHAT HANK PAUL ZEN IS, HE'S A WALL STREET INSIDER, WALL STREET BELIEVES IN BIG GOVERNMENT, THAT'S THE REASON THEY SUPPORT DEMOCRATS, OVERWHELMINGLY SUPPORT DEMOCRATS FINANCIALLY. BUT THAT INCREASE IN 2008 IS PRINCIPALLY BECAUSE OF THE TARP BILL THAT A LOT OF PEOPLE DIDN'T LIKE. I DID NOT VOTE FOR THAT. I ARGUED VERY MUCH AGAINST IT AND I HAVE BEEN A STRONG CRITIC OF THE BUSH ADMINISTRATION BEING BIG SPENDERS. BUT THEY WERE PIKERS COMPARED TO THE PELOSI CONGRESS EVER SINCE SHE'S BEEN IN CHARGE AND EVEN THAT IS JUST MINUSCULE COMPARED TO WHAT'S HAPPENED OVER THE LAST 16 OR 17 MONTHS.

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  • 08:00:19 PM

    >>

    WAS EBENEZER SCROOGE BY COMPARISON TO WHAT WE'VE GOT HERE. THIS IS RUNAWAY…

    WAS EBENEZER SCROOGE BY COMPARISON TO WHAT WE'VE GOT HERE. THIS IS RUNAWAY SPENDING. THIS IS CREATED NOT JUST BY TARP, NOT JUST BY THE QUOTE JOBS BILL, WHERE WE JUST DUMPED ALL KINDS OF MONEY ONTO INCREASING VARIOUS GOVEMENT HANDOUTS AND THINGS, IT WASN'T CONCRETE AND ROADS, IT WAS GOVERNMENT HANDOUT TIMES -- TYPES OF THING. THIS CREATES THE PROBLEM WHICH CRE THE UNEMPLOYMENT AND IT THREATENS THE ECONOMY. IF YOU TAKE A LOOK AT WHERE IS IS GOING, YOU START TO PUT IT, THESE SEEM LIKE A LOT OF MONEY THIS ONE HERE IS $1.4 TRILLN. WHAT IS $1.4 TRILLION MEAN? WELL, PUT IT INTO CONTEXT. . HERE IS THE COMPARISON. UNITED STATES, 10.3. GREECE AT 9.4%. GREECE IS IN THE NEWS AND CAUSING A WHOLE LOT OF TROUBLE IN THE EUROPEAN UNION AND ITS DEFICIT AS A PERCENTAGE OF G.D.P. IS 9.4%. THESE ARE NOT GOOD NUMBERS. IT'S HEALTHFUL TO COMPARE TO -- UNITED KINGDOM IS WORST OFF. IF YOU GO DEBT, THIS IS THE LARGER TERM, YEAR AFTER YEAR AFTER YEAR, UNITED STATES IS AT 99% AND YOU GOT GREECE AND ITALY THAT ARE WORST OFF THAN WE ARE. THAT IS NOT A GOOD SIGN WHEN WE ARE IN THIRD PLACE. THIS RATE OF SPENDING JUST DOES NOT WORK. THIS IS A PATH -- THIS IS A GLIDE PATH. I USE THE ANALOGY OF THE OLD -- THE GUYS OF WORLD WAR I THAT USED TO FLY THOSE AIRPLANES, WHATEVER IT WAS THAT SNOOPY. THEY GET IN THEIR SPIRAL AND HEAD DOWN TO THE EARTH AND WHAT HAPPENED IS -- BECAUSE OF LOUSY ECONOMICS, WE'RE IN ESSENTIALLY A GRAVE YARD SPIRAL IN ECONOMIC AND YOU, MY FRIENDS, KNOW WHAT THE SOLUTIONS ARE TO FIX THIS. AND THERE WAS A SOLUTION TO THE GRAVEYARD SPIRAL. BUT FROM A PILOT'S POINT OF VIEW, THEIR INSTINCT IS TO PULL THE NOSE UP BUT THE COUNTERINTUETIVE THING IS TO PONT THE NOSE DOWN. AND THERE'S THE SAME KIND OF THING IN OUR ECONOMY WHICH WE HAVE TO DO OR THIS ECONOMY IS GOING TO CRASH. AND IF YOU THINK 10% IS BAD FOR UNEMPLOYMENT, IT CAN GET A WHOLE LOT WORSE. I YIELD TO CONGRESSWOMAN LUMMIS.

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  • 08:03:17 PM

    MRS. LUMMIS

  • 08:06:44 PM

    MR. AKIN

  • 08:08:52 PM

    MRS. LUMMIS

    WHILE YOU ARE PUTTING UP YOUR NEXT CHART. IN MAY OF THIS YEAR, WE ISSUED…

    WHILE YOU ARE PUTTING UP YOUR NEXT CHART. IN MAY OF THIS YEAR, WE ISSUED SOME TREASURY BONDS AND THE SALE WAS UNDERSUBSCRIBED, WHICH MEANS THERE WERE NOT ENOUGH COUNTRIES OR INDIVIDUALS WHO PURCHASED U.S. TREASURIES, OUR DEBT, AT THE PRICE AT WHICH THEY ARE BEING OFFERED. WHICH MEANS THAT PRETTY SOON, WE ARE GOING TO HAVE TO RAISE THE INTEREST RATES THAT WE ARE WILLING TO PAY PEOPLE WHO PURCHASE OUR DEBT. WHEN WE HAVE TO RAISE OUR INTEREST RATES, THAT MEANS THAT WE ARE PAYING MORE IN INTEREST ON THE DEBT EVERY YEAR. THAT CROWDS OUT PRIVATE INVESTMENT FROM OUR ECONOMY. THAT MAKES IT MORE DIFFICULT FOR THE PRIVATE SECTOR TO CREATE THE JOBS THAT WERE ON THIS CHART EARLIER. THAT IS PART OF THE DEATH SPIRAL THAT WE HAVE BEEN TALKING ABOUT. AND I YIELD BACK.

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  • 08:09:54 PM

    MR. AKIN

    I WOULD LIKE YIELD TIME TO MY GOOD FRIEND FROM GEORGIA,

  • 08:10:03 PM

    MR. BROUN

    I LIKE THIS CARTOON THAT YOU JUST PUT UP BECAUSE THIS SHOWS WHAT'S GOING…

    I LIKE THIS CARTOON THAT YOU JUST PUT UP BECAUSE THIS SHOWS WHAT'S GOING ON HERE NOT ONLY WITH OUR DEBT AND HEALTH CARE REFORM, I CALL IT TAX AND TRADE. THE PRESIDENT SAID IT WAS ABOUT RAISING MORE REVENUES FOR THE FEDERAL GOVERNMENT. IT'S NOT ABOUT THE ENVIRONMENT AT ALL. WHAT THE PRESIDENT HAS SAID, HE ADMITTED IT'S NOT ABOUT THE ENVIRONMENT, REVENUE, BIGGER GOVERNMENT, CENTRAL PLANNING FROM WASHINGTON, D.C. AND THEN THE WAR TAX. THEY ARE ADDING TAX AFTER TAX AND EXPECTING THE THE CHINESE TO BUY OUR DEBT. IN OTHER WORDS, WE ARE SPENDING OUR CHILDREN AND GRANDCHILDREN'S FUTURE AND CREDIT CARDS BEING HELD BY THE CHINESE AND SOMETHING THAT IS TOTALLY UNSUSTAINABLE AND WHAT IT'S GOING TO DO LONG-TERM OUR CHILDREN AND GRANDCHILDREN ARE GOING TO LIVE AT A LOWER STANDARD THAN THEY LIVE TODAY.

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  • 08:11:05 PM

    MR. AKIN

    AN OPTIMIST. I'M NOT SO SURE THAT OUR CHILDREN AND GRANDCHILDREN WILL LIVE…

    AN OPTIMIST. I'M NOT SO SURE THAT OUR CHILDREN AND GRANDCHILDREN WILL LIVE AT A LOWER STANDARD. I'M NOT SURE THAT THIS IS GOING TO CREATE A MORE CATASTROPHIC KIND OF CRASH WHERE THE WHOLE CREDIT SYSTEM OF THE UNITED STATES -- IF YOUR TREASURY BILL IS NO LONGER ANY GOOD, YOU HAVE BY DEFINITION CRASHED YOUR AIRPLANE INTO THE GROUND THAT'S GOING TO RUIN YOUR WHOLE DAY. YOU ARE TALKING ABOUT A CRISIS UNLIKE ANYTHING THAT WE HAVE SEEN EVER IN OUR HISTORY. I DON'T THINK WE SHOULD BE OVERLY DRAMATIC ABOUT IT, BUT THIS IS REALLY SERIOUS STUFF. AND WHAT THIS CARTOON IS TRYING TO POINT OUT IS, THERE ARE A WHOLE SERIES OF OBAMA POLICIES AND EVERY SINGLE ONE OF THEM IS DIVING THE PLANE FASTER AND FASTER. THERE WAS THE WALL STREET BAILOUT AND THE STIMULUS. THE PRIVATE JOB CREATION IS IN THE DIRT AND CREATING ALL THE JOBS BY HIRING GOVERNMENT BUREAUCRATS WHO ARE PAYING MORE THAN THE GUYS IN THE PRIVATE SECTOR. AND THEN YOU GOT THIS CAP AND TRADE, CAP AND TAX IS WHAT I CALL IT. PASSED OUT OF THE HOUSE. I'M AN ENGINEER BY TRAINING. IT'S SUPPOSED TO SAVE US FROM GLOBAL WARMING BUT MORE BIG GOVERNMENT AND TAXES. THE SENATE ISN'T DUMB ENOUGH TO HAVE PASSED IT. AND THE SOCIALIZED MEDICINE DEAL WHICH WILL BREAK T BUDGET UNLESS THEY PUT IN ENOUGH WAITING LINES FOR EVERYBODY AND ENOUGH RATIONING SO IT WON'T BREAK THE FEDERAL BUDGET. ALL OF THESE POLICIES ARE CREATING THOSE NUMBERS AND THOSE GRAPHS THAT WE SEE.

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  • 08:12:50 PM

    MR. BROUN

    IN THAT CHINA SHOP THAT ISN'T INDICATED IN THIS CARTOON AND THAT'S THE…

    IN THAT CHINA SHOP THAT ISN'T INDICATED IN THIS CARTOON AND THAT'S THE FAILURE, NON-STIMULUS BILL WHICH IS A FAILURE. AND IT'S GOING TO BE A JOB KILLER. EVERYTHING THAT THIS ADMINISTRATION, THAT THIS LEADERSHIP IN CONGRESS TODAY IS DOING IS KILLING JOBS. AND IT'S NOT DOING ANYTHING EXCEPT CREATING BIGGER GOVERNMENT AND CREATING TEMPORARY EMPLOYEES AND CREATING A LOT OF JOBS IN WASHINGTON, D.C. AND DON'T HELP MY STATE OF GEORGIA, YOUR STATE, CALIFORNIA, TEXAS. THEY ARE CREATING A BIGGER CENTRAL GOVERNMENT THAT'S GOING TO KILL OUR FREEDOM.

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  • 08:13:37 PM

    MR. AKIN

    GENTLEMAN, THE THING IS, YOU AND I ARE NOT TALKING TONIGHT SOMETHING THAT…

    GENTLEMAN, THE THING IS, YOU AND I ARE NOT TALKING TONIGHT SOMETHING THAT IS SPECULATIVE OR BASED ON THEORY. THESE GRAPHS ARE ENDING IN 2010. THESE ARE ACTUAL NUMBERS. THIS IS WHAT HAS HAPPENED AND DOESN'T WORK. IT DIDN'T WORK FOR F.D.R. AND NOT GOING TO WORK FOR PRESIDENT OBAMA AND OTHERS. THAT'S WHAT IS HAPPENING TO EMPLOYMENT IN THE PRIVATE SECTOR. AND THE RED LINE, OF COURSE, IS GOVERNMENT AND A WHOLE LOT OF THAT IS THESE CENSUS PEOPLE RUNNING AROUND AND SNOOPING AROUND AND LIVING WHO LIVES IN WHICH HOUSE AND MAKES YOU FEEL WE ARE PUTTING THOSE GOVERNMENT JOBS ON. LET'S GET TO THE MECHANICSES BECAUSE ALL OF THIS STUFF, IT'S NOT ROCKET SCIENCE BUT BASIC ECONOMICS. I WISH THEY COULD RUN LEMONADE STANDS SO THEY COULD UNDERSTAND THE BASIC ECONOMICS. WE HAD A TOWN HALL MEETING BACK MY DISTRICT. MAYBE, I THOUGHT, I'M HERE TOO LONG. SO I ASKED THEM, IF YOU WANTED TO KILL JOBS, WHAT WOULD YOU DO, WHAT ARE THE JOB KILLERS? YOU KNOW WHAT WAS THE TOP OF THEIR LIST? EXCESSIVE TAXATION. THIS IS THE CONNECTION YOU WERE MAKING, GENTLELADY, A MOMENT AGO BETWEEN THE TAXES AND THESE JOBS GOING DOWN. AND OF COURSE, PART OF OF THE TAXES IS TO PAY FOR THE PUBLIC SECTOR JOBS. WHAT IS THE CONNECTION? WHY IS IT TAXATION JUST KILLS THE ECONOMY? NOT JUST ANY TAXATION, BUT PARTICULARLY TAXATION ON WHAT? ON BUSINESSES. WHY? BECAUSE BUSINESSES HAVE TO HAVE MONEY IN ORDER TO ADD NEW PROCESSES -- COME UP WITH NEW TECHNOLOGY, NEW MACHINES, A NEW BUILDING TO DO SOMETHING IN. THEY HAVE TO HAVE SOME MONEY TO DO, AND IF YOU TAKE AWAY THE MONEY, THEY CAN'T CREATE NEW JOBS. THE PLACES WHERE JOBS ARE CREATED IN AMERICA, 80% IN AMERICA ARE CORPORATIONS IN MEDIUM OR SMALL-SIZED. A LOT OF THEM ARE MOM AND POPS WITH FIVE, 10, 20 PEOPLE. IF YOU TAX THE PEOPLE THAT OWN THE SMALL BUSINESSES, YOU SAY THAT GUIS MAKING $200,000 -- THAT'S WHAT OBAMA SAID, IF YOU ARE MAKING $250,000, WATCH OUT. OF COURSE HE WASN'T TELLING THE TRUTH, BECAUSE THIS TAX THEY WERE PUSHING ON THE GLOBAL WARMING DEAL, YOU HIT THE LIGHT SWITCH, YOU GET THE TAX. GUESS WHAT'S THAT IS GOING TO DO. I YIELD TO MY GOOD FRIEND FROM GEORGIA. .

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  • 08:16:37 PM

    MR. BROUN

    EXACTLY RIGHT. NOT ONLY DOES EXCESSIVE TAXATION KILL TECHNOLOGY, THEY…

    EXACTLY RIGHT. NOT ONLY DOES EXCESSIVE TAXATION KILL TECHNOLOGY, THEY CAN'T BUY INVENTORY, SO THEY CAN'T SELL GOODS TO CONSUMERS. THE CONSUMERS DON'T HAVE THE MONEY TO BUY GOODS AND SERVICES SO IT KILLS THE ECONOMY. IT'S VERY, VERY SIMPLE ECONOMICS. THE THING IS, WE'RE GOING IN THE WRONG DIRECTION. WE -- YOU TALKED ABOUT THE ENERGY TAX THAT'S BEEN PROPOSED THAT NANCY PELOSI JAMMED THROUGH THE HOUSE OF REPRESENTATIVES HERE. IT'S WHAT'S CALLED A REGRESSIVE TAX BECAUSE IT'S GOING TO HURT PEOPLE ON LIMITED INCOMES AND POOR PEOPLE THE MOST. IT'S GOING TO MAKE THEIR GASOLINE PRICES GO UP. I'VE HEARD MANY DEMOCRATS, MR. DEMOCRATS HERE ON THE FLOOR OF THE HOUSE OF REPRESENTATIVES SAY THEY'D LIKE TO SEE GASOLINE AT $10 A GALLON. SOMEBODY'S O-- SOMEBODY WHO'S WORKING HARD TODAY, TRYING TO MAKE A LIVING, SCRAPING TOGETHER A LIVING, TRYING TO GET BY, IF THEIR GASOLINE PRICE GOES TO $10 A GALLON, THEY' GOING TO BE REALLY OUT OF ECONOMIC LUCK. SO TO SPEAK.

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  • 08:17:54 PM

    MR. AKIN

    YOU GOING TO PAY THE MORTGAGE PAYMENT NOW?

  • 08:17:58 PM

    MR. BROUN

    AFFORD THE MORTGAGE PAYMENT NOW. SOME ARE JUST BARELY PAYING THOSE THINGS.…

    AFFORD THE MORTGAGE PAYMENT NOW. SOME ARE JUST BARELY PAYING THOSE THINGS. THEN THE ENERGY TAX ON THEIR ELECTRICITY, WHEN THEY FLIP ON THE LIGHT SWITCH OR WHEN THEY'RE EATING -- WHEN THEIR HEATING UNIT COMES ON, IN THE NORTH PARTICULARLY, I LIVE IN THE SOUTH, WE'RE MORE CONCERNED ABOUT AIR-CONDITIONING. A LOT OF OLD PEOPLE IN GEORGIA AND FLORIDA AND ALL OUT THROUGHOUT SOUTHEAST AND THROUGHOUT SOUTHWEST ARE DEPENDENT UPON AIR-CONDITIONING JUST TO LIVE. IF THEIR ELICK TRISSITY BILL GOES SKY HIGH THE ENERGY TAX IS GOING TO MAKE IT HAPPEN. PEOPLE ARE GOING TO HAVE A HARD TIME WITH HYPE THERMIA, THAT MEANS THEIR BODY TEMPERATURE WILL GO UP, THEY'LL GET DEHIDE RATION AND PEOPLE WILL HAVE A LOT OF PROBLEMS. IT'S GOING TO MAKE A GREATER IMPACT ON THE HEALTH CARE SYSTEM AND PEOPLE WILL DIE BECAUSE OF THAT. IT'S GOING TO KILL JOBS TOO. IT'S GOING TO BE, JUST LIKE THE OBAMACARE IS ESTIMATED TO KILL OVER FIVE MILLION JOBS IN THIS COUNTRY.

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  • 08:19:15 PM

    MR. BROUN

    5.5 MILLION, TO BE EXACT. WHAT IT'S GOING TO DO, IT'S GOING TO MEAN THAT A…

    5.5 MILLION, TO BE EXACT. WHAT IT'S GOING TO DO, IT'S GOING TO MEAN THAT A SLL BUSINESS MAN OR WOMAN WHO IS TRYING TO MAKE A LIVING, THEY'RE NOT GOING TO BE ABLE TO HIRE NEW EMPLOYEES BECAUSE OF OBAMACARE. WE'VE GOT TO REPEAL AND REPLACE OBA MAW -- OBAMACARE. EVERYTHING THAT THIS CONGRESS HAS DONE SINCE I'VE BEEN HERE THREE YEARS NOW, EVERYTHING, ALL THIS HAS BEEN UNDER NANCY PELOSI'S LEADERSHIP, EVERYTHING DONE, IS GOING TO KILL JOB, KILL THE ECONOMY, AND IT'S GOING TO BE KILLING THE FUTURE OF OUR CHILDREN AND GRANDCHILDREN. WE'VE GOT TO STOP THIS.

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  • 08:20:01 PM

    MR. AKIN

    YOU DIDN'T MENTION THE MITT LITTLE, SMALL, DETAIL OF THE GOVERNMENT…

    YOU DIDN'T MENTION THE MITT LITTLE, SMALL, DETAIL OF THE GOVERNMENT BECOMING THE MASTER. THE GOVERNMENT IS SO BIG, THE GOVERNMENT EMPLOYEES ARE MAKING SO MUCH MONEY, IT'S BECOMING NOT THE SERVANT BUT THE MASTER. MR.

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  • 08:20:16 PM

    MR. BROUN

    IT'S GOING TO KILL CAN OUR FREEDOM.

  • 08:20:20 PM

    MR. AKIN

    SOMEBODY MAY BE WATCHING. THERE ISN'T ANY HOPE, THINGS ARE TERRIBLE, WE…

    SOMEBODY MAY BE WATCHING. THERE ISN'T ANY HOPE, THINGS ARE TERRIBLE, WE ARE IN A BIG FINANCIAL MESS BECAUSE WE'VE BEEN DOING THE WRONG POLICIES, I WANT TO TAKE 10 MINUTES AND TALK ABOUT, WIPE THE SLATE CLEAN, LET'S STOP THIS FOOLISHNESS AND DO WHAT WE CAN TO FIX IT. I WANT TO GO TO MY GOOD FEND --

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  • 08:20:44 PM

    MR. BROUN

    YIELD HALF A SECOND?

  • 08:20:50 PM

    MR. BROUN

    REMIND THE GENTLEMAN THAT DURING OUR DEBATE OVER OBAMACARE, WE WERE…

    REMIND THE GENTLEMAN THAT DURING OUR DEBATE OVER OBAMACARE, WE WERE ACCUSED OF BEING THE PARTY OF NO. WE ARE THE PARTY OF K-N-O-W. WE KNOW HOW TO SOLVE THIS ECONOMIC DOWNTURN. WE KNOW HOW TO CREATE JOBS. WE KNOW HOW TO LOWER THE COST OF HEALTH CARE. WE KNOW HOW TO CREATE JOBS IN THE PRIVATE SECTOR INSTEAD OF BIG GOVERNMENT. WE KNOW HOW, WE ARE FIGHTING TO SAVE FREEDOM, TO SHRINK THE SIZE OF GOVERNMENT, GET GOVERNMENT OUT OF PEOPLE'S WAY, TO RUN PEOPLE'S LIVES, WE ARE THE PARTY OF K-N-O-W. I'M EXCITED ABOUT YOU LAUNCHING INTO THIS, THE IDEA ABOUT THE SOLUTIONS THAT WE HAVE AND WITH THAT, I YIELD BACK.

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  • 08:21:36 PM

    MR. AKIN

    I LOVE TO TALK ABOUT THE SOLUTIONS. SOLUTIONS ARE ABOUT FREEDOM. THAT'S A…

    I LOVE TO TALK ABOUT THE SOLUTIONS. SOLUTIONS ARE ABOUT FREEDOM. THAT'S A GOOD WORD. THAT'S WHAT AMERICA HAS ALWAYS STOOD FOR. THAT'S WHAT WE NEED TO TALK ABOUT FOR A MINUTE. I WANT TO YIELD TO MY GOOD FRIEND CONGRESSWOMAN LUMMIS.

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  • 08:21:50 PM

    MRS. LUMMIS

    SUBCOMMITTEE ON THE ECONOMY THAT WOULD BALANCE THE BUDGET IN 10 YEARS. IT…

    SUBCOMMITTEE ON THE ECONOMY THAT WOULD BALANCE THE BUDGET IN 10 YEARS. IT WOULD CUT SPENDING IN AREAS OTHER THAN HOMELAND SECURITY AND DEFENSE AND IT DOES NOT TOUCH SOCIAL SECURITY. I AM ONE OF THOSE WHO BELIEVE THAT WE HAVE TO PROTECT OUR ENTITLEMENT SYSTEM BY REFORMING IT, RATHER THAN BY LEAVING IT ALONE, BUT LET'S SAVE THAT DISCUSSION FOR ANOTHER DAY. ANOTHER PROPOSAL, ONE THAT I HAVE WITH REPRESENT ARIVE SAM JOHNSON OF TEXAS, WOULD REDUCE THE SIZE OF E FEDERAL EMPLOYMENT FORCE TOUGH ATTRITION, IN OTHER WORDS, EVERY TIME SOMEONE VACATES A POSITION, THROUGH RETIREMENT OR OTHER MEANS THAT POSITION WOULD GO INTO A POSITION POOL AND ONLY THOSE POSITIONS THAT ARE ABSOLUTELY NECESSARY TO SUSTAIN THE ROLES OF GOVERNMENT AS CONTEMPLATED BY THE CONSTITUTION WOULD BE RECLAIMED AND REDEPLOYED INTO THE FEDERAL EMPLOYMENT FORCE. THERE ARE ANY NUMBER OF IDEAS, THE PAUL RYAN PROPOSAL, THE JIM JORDAN PROPOSAL, JEB HENSARLING HAS A PROPOSAL, MANY THAT ARE COMPREHENSIVE IN NATION THAT WILL PROVIDE THE GLIDE PATH TO A BETTER ECONOMY AND DO IT WITHOUT RAISING TAXES, SO EVEN THOUGH YOU HEAR FREQUENTLY THAT THE REPUBLICANS ARE BEING SHORTSIGHTED IN THE FACT THAT THEY DO NOT WANT TO CONSIDER TAX INCREASES AS PART OF AN ECONOMIC RECOVERY PLAN, YOU'RE CORRECT THAT MOST OF US DON'T AND THE REASON WE DON'T IS BECAUSE WE KNOW WE CAN RECOVER THIS ECONOMY WITHOUT RAISING TAXES AND RAISING TAXES WILL SLOW OUR ABILITY TO RECOVER AND I YIELD BACK TO THE GENTLEMAN FROM

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  • 08:23:57 PM

    MR. AKIN

  • 08:28:08 PM

    MR. BROUN

    PILOT. YOU'RE EXACTLY RIGHT ABOUT GETTING OUT OF A DEATH SPIRAL. SO WE DO…

    PILOT. YOU'RE EXACTLY RIGHT ABOUT GETTING OUT OF A DEATH SPIRAL. SO WE DO PUSH THE YOLK FORWARD TO STOP THE SPIN, STOP THE STAAL TO GET THE AIRPLANE FLYING AGAIN. THAT'S EXACTLY WHAT NEEDS TO HAPPEN. BY PUSHING THE STICK FORWARD, I INTRODUCED MY JOBS ACT. THE JOBS ACT WILL JUMP START THE BUSINESS SECTOR. WIT WILL CUT TAXES FOR TWO YEAR, SUSPEND THE CAPITAL GAINS TAXES AND DIVIDEND TAXES. IT WILL CUT THE TWO LOWEST INCOME TAX BRACKETS DOWN TO 10% AND 5%. IF YOU THINK ABOUT IT, IT WILL LEAVE DOLLARS IN THE HANDS OF BUSINESS, LEAVE DOLLARS IN THE HANDS OF INDIVIDUALS, IT WILL LEAVE MONEY TO STIMULATE THE ECONOMY. IT WILL STIMULATE THE ECONOMY AND CREATE JOBS, IT'S SOMETHING THAT WILL CUT TAXES INSTEAD OF RAISING TAXES. WHAT WE SEE HERE, THE LEADERSHIP HERE IN THE HOUSE WANT TO RAISE TAXES. OUR PRESIDENT WANTS TO RAISE TAXES. ONE THING I WANT TO GO BACK TO, SOMETHING YOU WERE TALKING ABOUT WHEN THE PRESIDENT SAID HE WAS GOING TO RAISE TAXES ON PEOPLE WHO MADE $250,000 OR MORE, THAT THESE ARE RICH PEOPLE. VAST MAJORITY OF THOSE FOLKS ARE SMALL BUSINESS MEN AND WOMEN WHO ARE FILING THEIR SUB-S CORPORATIONS AS INDIVIDUAL INCOME TAXES. THAT'S REALLY NOT THEIR INDIVIDUAL INCOME, IT'S HOW MUCH MONEY COME INTO THE BUSINESS, THEY'RE NOT JUST WEALTHY PEOPLE LIVING LAVISH VES. THEY ARE MEN AND WOMEN WHO ARE TRYING TO MAKE A LIVING, CREATE JOBS AND JUST TAKE CARE OF THEIR FAMILIES. WHEN WE HEAR, LET'S TAX THE RICH THEY NEED TO PAY MORE. ACTUALLY, WHAT YOU'RE TAXING PEOPLE IS OUT OF JOBS. YOU'RE KILLING THE ECONOMY, TAXING JOB WE NEED TO LOWER TAXES AND THAT'S WHAT YOU'RE FIGHTING FOR. I YIELD BACK. .

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  • 08:30:20 PM

    MR. AKIN

    CHOICES, ONE PATH TOWARDS FREEDOM OR THE SOLUTION IS G GOVERNMENT. WE HAVE…

    CHOICES, ONE PATH TOWARDS FREEDOM OR THE SOLUTION IS G GOVERNMENT. WE HAVE SEEN AN UNUSUAL YEAR AND A HALF. I HAVE BEEN IN CONGRESS NOW 10 YEARS. I HAVE NEVER SEEN A YEAR AND A HALF LIKE THIS. THIS IS A ONE HEIST PARTY RULE. REPUBLICANS VOTE ONE WAY, DEMOCRATS THE OTHER. AND THEY CAN DO WHATEVER THEY WANT AND THEY HAVE. AND THE SOLUTION IS ALWAYS MORE TAXES, MORE GOVERNMENT AND MORE GOVERNMENT CONTROL. AND SO ON THE ONE HAND, YOU HAVE THE RULE OF THE BIG BROTHER GOVERNMENT TAKING CARE OF THINGS ANYOU ARE GUARANTEED THAT YOU CAN'T FAIL BECAUSE THE GOVERNMENT WILL ALWAYS BE THERE TO BAIL YOU OUT, NOT JUST AS A BIG CORPORATION BUT AN INDIVIDUAL. THE BIG GOVERNMENT WILL BAIL YOU OUT. BUT IT DOESN'T WORK THAT WAY. ALL OF HUMAN HISTORY SHOWS US IS THAT ONE OF THE MOST DANGEROUS THINGS TO HUMAN BEINGS IS BIG GOVERNMENT BECAUSE BIG GOVERNMENT HAS KILLED MORE HUMAN BEINGS THAN ALL THE WARS OF HISTORY COMBINED. JUST TAKE COMMUNISM ALONE, IT HAS KILLED MORE PEOPLE THAN ALL THE WARS SINCE THE TIME OF CHRIST. SO THIS FAITH IN BIG GOVERNMENT IS A VERY, VERY UNLIKELY THING TO PUT YOUR FAITH IN. THE OTHER CHOICE IS FREEDOM, THE BRIGHT LIGHT AND FRESH AIR SAYING GO OUT AND DO THE BEST YOU CAN, YOU MAY FALL ON YOUR FACE, BUT GET UP AND TRY AGAIN. WE PROTECT LIFE, LIBERTY AND PURSUIT OF HAPPINESS. MR.

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  • 08:32:01 PM

    MR. BROUN

    WHAVE ONE MINUTE LEFT. AND I JUST WANT TO SAY HELPING POVERTY IS A…

    WHAVE ONE MINUTE LEFT. AND I JUST WANT TO SAY HELPING POVERTY IS A FORMULA. GOOD PAYING JOB. AND THAT'S ANOTHER THING WE KNOW. WE HAVE TO CREATE THOSE GOOD PAYING JOBS AND REDUCE TAXES ON SMALL BUSINESSMEN AND WOMEN SO THEY CAN CREATE NEW JOBS AND CONTINUE TO FIGHT FOR FREEDOM. THERE IS A WIDE GULF BETWEEN THE LEADERSHIP OF THE DEMOCRATIC PARTY HERE AND OUR LEADERSHIP ON OUR SIDE. SOCIALISM ON THEIR HAND AND ON OUR HAND, FREEDOM, PERSONAL RESPONSIBILITY AND WE FIGHT FOR FREEDOM.

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  • 08:32:41 PM

    MR. AKIN

    IS A BEAUTIFUL THING BUT THERE ARE A COUPLE OF THINGS. IF YOU WANT TO BE…

    IS A BEAUTIFUL THING BUT THERE ARE A COUPLE OF THINGS. IF YOU WANT TO BE FREE, YOU HAVE TO BE RESPONSIBLE AS WELL. YOU CAN'T ASSUME BIG BROTHER GOVERNMENT IS GOING TO DO IT FOR YOU. IF YOU WANT TO BE FREE, YOU HAVE TO TOLERATE THE FACT THAT OTHER PEOPLE NEAR YOU MAY BE SUCCESSFUL. YOU HAVE TO SUFFER WITH SOME GUY NEXT DOOR WHO P MADE A MILLION DOLLARS AND MAYBE YOU'LL FEEL JEALOUS, BUT THAT'S FREEDOM. YOU HAVE TO ALLOW PEOPLE TO SUCCEED AND YOU COULD MAKE A MISTAKE AND FAIL BUT AT LEAST THE GOVERNMENT WON'T CHAIN YOU DOWN WITH REGULATIONS, RED TAPE AND DRIVE YOU IN THE DIRT. I THANK YOU FOR JOINING ME, CONGRESSWOMAN LUMMIS AND CONGRESSMAN BROUN.

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  • 08:33:31 PM

    THE SPEAKER PRO TEMPORE

    ALL MEMBERS AREEFRAINED TO ENGAGE IN PERSONALITIES TOWARDS THE PRESIDENT.…

    ALL MEMBERS AREEFRAINED TO ENGAGE IN PERSONALITIES TOWARDS THE PRESIDENT. UNDER THE SPEAKER'S ANNOUNCED POLICY OF JANUARY 6, 2009, THE CHAIR RECOGNIZES THE GENTLEMAN FROM OHIO, MR.LALA TURET, FOR 60 MINUTES.

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  • 08:34:33 PM

    MR. LATOURETTE

    I THANK MR. BOEHNER FOR GRANTING ME THE PRIVILEGE OF SPEAKING ON THE…

    I THANK MR. BOEHNER FOR GRANTING ME THE PRIVILEGE OF SPEAKING ON THE FLOOR. THE DOCRATIC MAJORITY LEADER AND OTHERS, THAT IT WAS NOT ANTICIPATED THAT THEY WOULD BE PRODUCING A BUDGET. AND THIS IS MY 16TH YEAR IN THE CONGRESS AND I HAVE TO SAY THAT I KNOW THAT THAT HAS NOT HAPPENED IN THE PREVIOUS 15 YEARS THAT I SEVERED HERE. AND IN CHECKING, I'M NOT AWARE SINCE THE BUDGET ACT OF 1974 WAS ENACTED THAT THE HOUSE OF REPRESENTATIVES HASN'T PUT FORTH AND PRODUCED A BUDGET. AND JUST LIKE AT HOME, THE REASON THAT A BUDGET IS IMPORTANT IS THAT IT ALLOCATES RESOURCES AND SAYS WHAT YOU'RE GOING TO SPEND ON WHAT A AND IN THE CASE OF THE GOVERNMENT WHAT YOU'RE GOING TO OVERSPEND AND BORROW FROM PLACES LIKE CHINA TO FINANCE THE DEFICIT AND THE DEBT. THAT'S JUST SPENDING MORE MONEY THIS YEAR THAN WE HAVE OF ABOUT $1.4 TRILLION, WHICH IS CERTAINLY SIGNIFICANT. AND IF YOU THINK ABOUT THAT DEBT, IT'S NOT MONEY IT'S NOT MONEY BORROWED FROM THE GUY DOWN THE STREET BUT INSTITUTIONS ON WALL STREET WE SPENT TIME BAILING OUT RKTS BUT FOREIGN COUNT TERRORISTS, CHIBE AND OTHERS. SO IT IS ALARMING THAT THE ANNOUNCEMENT WAS MADE THAT WE WOULDN'T BE PRODUCING OR THE MAJORITY WOULD NOT BE PRODUCING A BUDGET. ALARMING BECAUSE YOU WONDER, MAYBE WE HAVE BEEN BUSY HERE AND WE HAVEN'T HAD TIME TO GET TO SOMETHING AS IMPORTANT AS THE BUDGET. AND THEN AFTER THE BUDGET HAS PASSED, THAT LEADS TO WHAT'S CALLED THE APPROPRIATIONS PROCESS WHERE THE APPROPRIATIONS COMMITTEE GETS TOGETHER AND DETERMINES WHAT WE ARE GOING TO SPEND ON DEFENSE AND EDUCATION, WHAT WE ARE GOING TO SPEND ON THE ENVIRONMENT. UNTIL YOU HAVE THE BUDGET TRIGGER, THERE IS NO ALLOCATION TO THE APPROPRIATIONS COMMITTEE SO THEY CAN BEGIN THEIR WORK. IT'S NOT A MATTER OF NOT HAVING A BLUEPRINT OR BUDGET, IT'S A MATTER OF NOT HAVING THE SPENDING BILLS IN PLACE. AND THAT, ALTHOUGH, AGAIN, WE ARE SOMETIMES LATE IN DELIVERING THOSE, IT'S UNUSUAL THAT WE DON'T START THE PROCESS WITH A MARKUP IN THE SUBCOMMITTEES ON APPROPRIATIONS. CERTAINLY PREPARING THE BILLS FOR FLOOR ACTIVITY. YOU KNOW, IN THINKING ABOUT IT, THE PRESIDENT OF THE UNITED STATES, PRESIDENT OBAMA, HE IS ALSO CHARGED WITH DELIVERING A BUDGET AND I THINK WE ALL KNOW THAT PRESIDENT OBAMA HAS BEEN PRETTY BUSY. THERE IS A LOT GOING ON. THERE HAVE BEEN A LOT OF THINGS HAPPENING SINCE HE BECAME THE PRESIDENT OF THE UNITED STATES THAT REQUIRED HIS ATTENTION. SOME HAVE BEEN DISASTERS, SOME HAVE BEEN FINANCIAL DIFFICULTIES, GREECE GOING BANKRUPT, ON THE OTHER SIDE OF THE OCEAN. EVEN AS BUSY AS PRESIDENT OBAMA HAS BEEN, HE DISCHARGED HIS STATUTORY OBLIGATIOAND DELIVERED TO CAPITOLILL A BUDGET. YOU MAY NOT BE CRAZY ABOUT THE BUDGET AND THINK THE BUDGET SPENDS TOO MUCH, BUT AT LEAST HE DID WHAT HE IS SUPPOSED TO DO AND PRESENT A BUDGET AND THAT CAUSED ME TO SORT OF EXAMINE WHAT IT IS THAT WE HAVE BEEN DOING HERE IN THE HOUSE OF REPRESENTATIVES, MORE CORRECTLY, WHAT THE MAJORITY HAS DECIDED WE SHOULD BE DOING IN THE HOUSE OF REPRESENTATIVES HERE SINCE THE BEGINNING OF THE YEAR TO DETERMINE WHAT IT IS THAT WE HAVE BEEN BUSY DOING. AND IT'S PARTICULARLY IMPORTANT TO TALK ABOUT THAT A LITTLE BIT BECAUSE THE FIRST 12 YEARS THAT I SERVED IN THE CONGRESS, I HAPPEN TO BEEPUBLICAN AND MORE REPUBLICANS IN THE HOUSE OF REPRESENTATIVES THAN THERE WERE DEMOCRATS AND SO WE WERE THE MAJORITY PARTY AND THEY DETERMINED WHAT CAME TO THE FLOOR JUST LIKE THE DEMOCRATIC MAJORITY DOES TODAY. AND WE WERE DOING SUCH A BANG-UP JOCK, THE VOTERS REPLACED US AND MADE THE DEMOCRATIC PARTY THE MAJORITY PARTY. ONE OF THE CENTRAL THEMES THAT THE DEMOCRATS MADE IS THAT YOU NEED TO PUT US IN CHARGE BECAUSE THE REPUBLICAN CONGRESS IS A DO-NOTHING CONGRESS. AND THEY INDICATED THAT WE WEREN'T WORKING FULL-TIME. ANYBODY THAT'S BEEN H HERE KNOWS THAT IS A FALSE ARGUMENT. BUT IT SOLD NEWSPAPERS. IT LOOKED GOOD ON THE TALK SHOWS WHEN PEOPLE WERE SAYING, WE AREN'T EVEN WORKING A FULL WEEK. SOME OF THE WORK IS DONE ON THE FLOOR AND SOME IS DONE IN THE COMMITTEE AND TO SAY WE WEREN'T HERE FIVE DAYS A WEEK AND GOING TO CHANGE ALL THAT WAS AN INTERESTING CAMPAIGN SLOGAN. I GOT A NOTICE FROM THE MAJORITY LEADER THAT WE JUST COME BACK FROM OUR WORK PERIOD BACK IN THE DISTRICTS FROM MEMORIAL DAY. AND DIDN'T HAVE ANY VOTES ON MONDAY. DID SOMETHING CALLED SUSPENSIONS THE LAST COUPLE OF DAYS, TOGETHER WITH A BILL THAT WE WILL TRY TO FINISH UP TOMORROW, BUT JUST GOTTEN AN EMAIL SO WE KNOW WHAT OUR SCHEDULE SHOULD BE AND WE AREN'T GOING TO HE VOTES ON FRIY. DESPITE THE FACT THAT THE REPUBLICAN MAJORITY IN 2006 WAS LABELED AS T DO-NOTHING CONGRESS AND DON'T WORK FIVE DAYS A WEEK, WE HAVE A WHOPPING THREE DAYS OF FLOOR ACTIVITY HERE IN THE HOUSE OF REPRESENTATIVES AFTER BEING AT HOME FOR MEMORIAL DAY FOR AN IRTIRE WEEK AND SO I THOUGHT TO MYSELF, WELL, MAYBE WE SHOULD LOOK TO SEE AND WE AREN'T PRODUCING A BUDGET AND A LOT OF OTHER THINGS THAT HAVEN'T BEEN CURRING, MAYBE WE HAVE BEEN PRE-OCCUPIED WITH IMPORTANT MATTERS THAT NEEDED TO BE ADDRESSED. WHAT I FOUND OUT WAS AS I ASKED IT, THERE HAVE BEEN 337 RECORDED VOTES ON SOMETHING KNOWN AS SUSPENSIONSND YOU KNOW, MR. SPEAKER AND JUST SO YOU KNOW, A SUSPENSION IS A NON-CONTROVERSIAL BILL AND CLEARED BY THE MAJORITY SAYS TO THE MINIMUM RILT, WE WOULD LIKE TO DO IT ON SUSPENSION AND THOSE ARE DONE BY AGREEMENT. YOU ARE SUSPENDING THE RULES AND NOT BRINGING A BILL TO THE FLR PURSUANT TO THE REGULAR ORDER. YOU ARE BRINGING IT IN A WAY THAT IS DEBATED FOR 40 MINUTES. EACH SIDE GETS 20 MINUTES AND THEN THERE IS A RECORDED VOTE IF IT'S REQUESTED AND RATHER THAN THE SIMPLE MAJORITY, IT TAKES 2/3 OF THOSE MEMBERS PRESENT VOTING TO PASS A SUSPENSION. NOW THE INTERESTING THING ABOUT SUSPENSIONS IS THAT BOTH PARTIES FILE LEGISLATION THAT BECOME SUSPENSIONS, BUT THE INTERESTING THING IS AND THERE HAVE BEEN MANY MORE THAN THE 337 BUT THE 337 THAT OCCURRED SINCE JANUARY OF THIS YEAR WERE THOSE THAT ACTUALLY RECORDED A VOTE. SO THOSE, 40 MINUTES OF DEBATE, 40 MINUTES OF FLOOR TIME, PLUS A 15-MINUTE VOTE. TO BE FAIR, WHEN THEY PUT A SERIES OF THE SUSPENSIONS IN A ROW, NOT EVERY SUSPENSION GETA 15-MINUTE TE. SOME GET FIVE-MINUTE VOTES, BUT THERE ARE MEMBERS HAVE TO COME FROM COMMITTEE OR OFFICES OR WHEREVER THEY HAPPEN TO BE TO CAST THEIR VOTES. AT LEAST THE FIRST VOTE IN THE SERIES, IT'S NOT UNSWRUSH WHEN THE CLOCK RUNS DOWN THAT THE ACTUAL TIME CONSUMED IS CLOSER TO HALF AN HOUR. SO JUST FOR A RULE OF THUMB, WITH THAT SORT OF BACK DROP, 337 SUSPENSIONS DEBATED FOR 40 MINUTES A PIECE AND EACH ONE GETTING A 15-MINUTE VOTE. AND WE'LL DO THE MATH IN A LITTLE BIT. THAT IS A SIGNIFICANT AMOUNT OF FLOOR TIME IN A CONGRESS THAT'S REALLY ONLY HERE THREE DAYS A WEEK DISCUSSING NONCONTROVERSIAL BILLS. IN LOOKING AT THE SUSPENSIONS ON THIS SIDE, FIRST OF ALL, WE HAVE NAMED 19 POST OFFICES OR PUBLIC BUILDINGS AND SO IN EACH OF THOSE INSTANCES, A MEMBER PUT FORWARD A PIECE OF LEGISLATION AND I DON'T MAKE ANY OBSERVATION ABOUT THAT THESE WEREN'T WORTHY HONORS TO NAME A PUBLIC BUILDING AFTER SOMEONE OR A POST OFFICE AFTER SOMEONE, BUT 19 TIMES, THE MAJORITY HAS PUT ON THE FLOOR A SUSPENSION, CONSUMED 40 MINUTES OF TIME IN A DEBATE ABOUT WHETHER OR NOT WE SHOULD WELL, LET'S SEE, FOR INSTANCE, WE DESIGNATED A POST OFFICE CALLED THE ROY WILSON POST OFFICE AS AN EXAMPLE ONE TIME THIS YEAR. THAT BILL WAS CALLED UP AND DEBATED FOR 40 MINUTES AND 15-MINUTE VOTE. JUST SHY OF AN HOUR IS CONSUMED NAMING A POST OFFICE AFTER MR. WILSON. IF YOU LOOKED UP THE RECORDED VOTE ON THAT, I DOUBT THAT ANYBODY WHO WAS PRESENT THAT DAY VOTED AGAINST IT. AND WE JUST NAMED TWO POST OFFICES EARLIER THIS EVENING, ONE AFTER RONALD REAGAN AND THE SECOND ONE WAS AFT A COUPLE OF MARINES. AGAIN BOTH WORTHY DESIGNATIONS BUT THERE WERE NO NO-VOTES. SO YOU SAY TO YOURSELF, WELL, OK, WHY DID WE HAVE TO HAVE A RECORDED VOTE? WHY DID WE HAVE TO CONSUME 40 MINUTES OF DEBATE AND CONSUME ANOTHER 15 MINUTES ON A VOTE WHEN NOBODY IS OPPOSED TO IT AND EVERYBODY THOUGHT IT WAS A GOOD IDEA? AS A MATTER OF FACT, YOU KNOW, MR. SPEAKER, THAT YOU COULD CALL UP A POST OFFICE BILL AND SAY, I WANT THE POST OFFICE AND WHEREVER THIS HAPPENS TO BE AND WHEREVER IT IS, I DON'T KNOW, I WANT THIS POST OFFICE NAMED AFTER MR. WILSON AND ASK EVERYBODY TO VOTE FOR IT AND SIT DOWN. AND THEN THE SPEAKER WOULD SAY, THOSE IN FAVOR SAY AYE., THOSE OPPOSED, NO. AND THE YEAS HAVE IT BECAUSE EVERYBODY THINKS IT IS A GOOD IDEA. AND I DON'T KNOW HOW LONG IT TOOK BUT LOT LESS THAN 15 MINUTES. WE NAMED EITHER A PUBLIC BUILDING OR A POST OFFICE IN HONOR OF SOMEBODY. . SO ON OVER 30 OCCASIONS, I THINK IT'S 36 OCCASION WE CONGRATULATED THE -- A UNIVERSITY OR COLLEGE IN THIS COUNTRY FOR DOING SOMETHING LIKE WINNING THE LACROSSE NATIONAL CHAMPIONSHIP OR THE -- WINNING THE NCAA BASKETBALL TOURNAMENT. AGAIN, ALL OF THE YOUNG PEOPLE AND ALL THOSE INSTITUTIONS DESERVE RECOGNITION. AND I AM NOT INDICATING THAT, FOR EXAMPLE, THAT THE UNIVERSITY OF VIRGINIA MEN'S SOCCER TEAM WON THE 2009 DIVISION, NCAA NATIONAL CHAMPIONSHIP. I KNOW THAT EVERY PARENT OF EVERY STUDENT ON THAT TEAM IS EXTREMELY PROUD OF HIS OR HER SON'S ACCOMPLISHMENT IN DOING THAT. BUT AGAIN, IF YOU LOOK UP THE RECORDED VOTE WHICH WAS REQUESTED BY THE SPONSOR OF THE LEGISLATION, NOBODY VOTED AGAINST IT. YOU HAVE TO SAY TO YOURSELF, OK, WHY DOES IT TAKE 55 MINUTES IN OVER 30 SEPARATE OCCASIONS SINCE JANUARY OF THIS YEAR TO CONGRATULATE ALL OF THESE FINE ACTIVITIES THAT HAVE OCCURRED. I ONLY BROUGHT THE COLLEGES AND UNIVERSITIES BUT IN LOOKING AT THE LIST, I KNOW WE'VE CONGRATULATED, AND IF I WAS A GOLFER, I COULD TELL YOU, WE CONGRATULATED THE GUY WHO WON THE MASTERS. WE CONGRATULATED A NASCAR RACE DRIVER FOR WINNING HIS RACE. ALL OF THOSE ARE IMPORTANT THINGS. I'M SURE WHEN THE BILLS ARE PASS AND SIGNED BY THE PRESIDENT, THAT MAKES A NICE MEMENTO FOR THAT SCHOOL OR INDIVIDUAL TO HANG ON THE WALL. WHEN YOU'RE NOT DOING OTHER THINGS SUCH AS PRODUCING A BUDGET OR PRODUCING A JOBS BILL, THAT PUTS PEOPLE BACK TO WORK IN THIS COUNTRY, YOU HAVE TO ASK YOURSELF, WHY ARE YOU SO BUSY TAKING 55 MINUTES TIMES 36 TO DO THAT? IN ADDITION, IT SORT OF RANDOMLY IN PULLING OUT SOME OF THE 337 SUSPENSIONS THAT REQUIRE A VOTE BECAUSE THE MAJORITY ASKED FOR A VOTE THAT DON'T HAVE ANYTHING TO DO WITH SCHOOLS AND DON'T HAVE ANYTHING TO DO WITH PUBLIC BUILDINGS, YOU FIND THAT WE ARE ALLABOUT CONGRATULATING A LOT OF PEOPLE WHO ARE ENGAGED IN CERTAIN ACTIVITIES IN THIS COUNTRY. SO H.RES. 117, ONE OF THE FIRST ONES, BECAUSE 117 IS ONE A LOW NUMBER WE SUPPORTED THE GOALS AND IDEALS OF NATIONAL ENGINEERS WEEK. IF YOU LOOK UP THE VOTE, YOU FIND THAT EVERYBODY HERE THAT DAY VOTED TO COMMEND THE FINE ENGINEERS IN THIS COUNTRY BECAUSE THEY WERE HAVING A GOOD WEEK. AGAIN, THE LOW NUMBERS, 197, WE WANTED TO COMMEND THE TRAIL TRAINING -- SAIL TRAINING ORGANIZATION, WORTHY GOALS BUT YOU HAVE TO SAY WHEN YOU'RE NOT ATTENDING TO THE BUSINESS OF THE PEOPLE OF THE UNITED STATES THROUGH LEGISLATION THAT MAKES A DIFFERENCE IN THEIR LIVES AND YOU'RE MAKING CHOICES ABOUT LIMITED FLOW TI BECAUSE AGAIN WE'RE NOHERE FIVE DAYS A WEEK, WE'RE HERE REALLY ON AN AVERAGE ABOUT THREE DAYS A WEEK, EVEN THOUGH WHEN CAMPAIGNING TO BECOME THE MAJORITY, THEY INDICATED WE'RE GOING TO WORK FIVE DAYS A WEEK YOU WONDER WHY THAT TAKES 55 MINUTES WHEN EVERYBODY VOTES FOR IT. A LOT OF THINGS DEALING WITH EDUCATION, WE INDICATED THAT FEBRUARY 1 WAS GOING TO BE NATIONAL SCHOOL COUNSELOR WEEK. WE RECOGNIZED NATIONAL ROBOTICS WEEK. I'M NOT SURE WHAT THAT IS BUT I'M SURE -- I GUESS WE HAVE A WEEK DEDICATED TO PEOPLE WHO MAKE ROBOTS. THE ONLY ROBOTS I'VE SEEN ARE THOSE ONES ON TV THAT BATTLE EACH OTHER ALL THE TIME BUT AIN, THAT TAKES A LOT OF SMARTS TO PUT TOGETHER A GOOD LOW ROWE BOT. WE HAD A WEEK OF RECOGNIZING SCHOOL SOCIAL WORK WEEK. WE SUPPORT THE GOALS AND IDEALS OF NATIONAL PUBLIC WORKS WEEK AND I GUESS THAT MEANS SEWERS AND BRIDGES AN THINGS LIKE THAT, THAT WE FELT WAS NECESSARY TO TAKE 55 MINUTES TO SAY THAT NATIONAL WORKS ARE GOOD THINGS. WE THANKED VANCOUVER FOR HOSTING A WITNESS STANDERFUL WINTER OLYMPICS AND AGAIN WHEN THAT CAME TO A VOTE, I DON'T RECALL ANYBODY IN THE HOUSE OF REPRESENTATIVES VOTING AGAINST IT. CERTAINLY PEOPLE WHO SAW THE OLYMPICS THOUGHT THAT THAT WAS A NICE OLYMPICS, THE AMERICAN TEAMS DID BETTER THAN THEY NORMALLY DO IN THE WINTER OLYMPICS. NOBODY -- I DON'T -- HAVE ANY BIG DIFFICULTY WITH THE FACT THAT ONE OF OUR COLLEAGUES SAT DOWN AND DRAFTED A RESOLUTION TO DO ANY ONE OF THESE 337 THINGS. THINK THE QUESTION IS, WHY, UNLESS YOU'RE MAKING IT APPEAR THAT YOU'RE DOING SOMETHING, WOULD YOU CONSUME 435 MEMBERS, ALL OF THE WONDERFUL STAFF THAT WORKS HERE, WHY CONSUME ALL THAT TIME TO DO THESE THINGS WHEN INSTEAD YOU COULD BE DEALING WITH THINGS THAT PEOPLE ARE CONCERNED ABOUT? SO I'M NOT SMART ENOUGH TO DO THE MATH BUT JUST FOR THOSE THAT MAY BE INTERESTED THAT WILL READ THE CONGRESSIONAL RECORD IF YOU TAKE OUT YOUR CALCULATOR AND INDICATE 337 FOR THE SUSPENSIONS WHERE THEY HAVE REQUIRED A VOTE, MULTIPLY IT BY 40 MINUTES, AND THEN ALSO PLULTPLI 337 TIMES 15 MINUTES FOR THE VOTES THAT OCCURRED, THAT WILL GIVE YOU THE AMOUNT OF FLOOR TIME THAT HAS BEEN CONSUMED WITH THESE SUSPENSIONS. FOR INSTANCE, WE RECOGNIZE THE IMPORTANCE OF MANUFACTURED AND MODULAR HOUSING. I THINK THAT'S IMPORTANT. I NEVER LIVED IN A MODULAR HOUSE BUT IF I DID, I'M SURE I WOULD THINK IT WAS A GOOD THING TO HONOR THE PEOPLE THAT MADE IT SO IT DIDN'T FALL IN ON ME, AND WE SHOULD RECOGNIZE THEM. BUT AGAIN, WHY TAKE AN HOUR ON THE FLOOR OF THE GREATEST DELIBERATIVE BODY IN THE WORLD TO CONGRATULATE OR RECOGNIZE PEOPLE IN THE MODULAR HOME INDUSTRY RATHER THAN DEALING WITH OTHER THINGS? AND LET ME JUST TALK FOR A MINUTE ABOUT WHAT THOSE OTHER THINGS ARE. I MENTIONED THE BUDGET. NO ONE AROUND HERE CAN RECALL A TIME WHEN, SINCE THE BUDGET ACT OF 1974, WHEN THE HOUSE OF REPRESENTATIVES HAS NOT PRODUCED A BUDGET. EVERYBODY AT HOME, CERTAINLY IN MY PART OF THE WORLD IN OHIO, WHEN THEY SIT DOWN AND FIGURE OUT, YOU KNOW, OK, WE'RE SENDING THE KIDS TO SCHOOL AND IT'S GOING TO COST THIS MUCH, THE CAR PAYMENT THIS MUCH, INSURANCE IS THIS MUCH, YOU HAVE TO BUDGET IT. IF YOU DON'T BUDGET IT, YOU RUN INTO TROUBLE. THE TROUBLE YOU RUN INTO IS YOU EITHER DON'T KNOW WHAT'S GOING ON WITH YOUR FINANCES OR YOU SPEND MORE MONEY THAN YOU HAVE. THAT'S CERTAINLY THE CASE WITH THE FEDERAL GOVERNMENT BUT ONE WAY THAT PEOPLE THAT WERE HERE LONG BEFORE I GOT HERE DECIDED THAT YOU COULD SORT OF TRACK THAT AND KEEP AN EYE ON IT WAS TO PRODUCE A BUDGET. IT ALSO, YOU KNOW, IT ALSO IS A GOOD TOOL FOR OUR CONSTITUENTS BECAUSE A LOT OF CONCERN ABOUT HOW MUCH MONEY IS ING SPENT IN THIS COUNTRY. HOWEVER, AMERICANS TENT TO BE GENEROUS PEOPLE. AMERICANS ALSO RECOGNIZE THE IMPORTANCE OF NATIONAL DEFENSE AND IF YOU SAID TO MY CONSTITUENTS OR ANY CONSTITUENTS, SAID, LOOK, WE HAVE TO SPEND MORE MONEY THAN WE'RE BRINGING IN IN TAX REVENUE THIS IS YEAR BUT HERE'S WHAT WE'RE SPENDING IT ON, YOU CAN LOOK AT OUR BUDGET, THEN SOMETIMES PEOPLE WOULD SAY, WELL, OK, BORROWING MONEY IS NOT A GOOD IDEA BUT IF WE'RE GOING TO BORROW MONEY, AT LEAST WE UNDERSTAND THAT YOU'RE GOING TO BORROW IT FOR, FOR INSTANCE, THERE'S A HORRIBLE SITUATION GOING ON IN THE GULF OF MEXICO WITH THE OIL BEING LITERALLY GUSHING OUT OF THE BOTTOM OF THE OCEAN. IF YOU'VE SEEN THE PICTURES OF THE WILDLIFE AND YOU RECOGNIZE THAT HURRICANE SEASON IS ABOUT TO HIT THE GULF AND YOU KNOW, WHEN THAT WATER GETS STIRRED UP, THE DAMAGE AND OIL WILL SPREAD MUCH FURTHER THAN IT HAS TODAY. A NUMBER OF PEOPLE WOULD SAY, OK, BORROWING MONEY IS NOT A GREAT IDEA, MAYBE WWOULD PREFER THAT YOU GO FIND CUTS SOMEPLACE ELSE TO PAY FOR IT, BUT WE UNDERSTAND THAT EMERGENCIES HAPPEN AND SO IF YOU NEED TO SPEND X MILLIONS OF DOLLARS TO DEAL WITH THAT SITUATION, AND THEN HOPEFULLY GET IT REPAID, FROM B.P. OR THOSE RESPONSIBLE FOR THE MESS THAT'S BEEN CREATED DOWN THERE, WE THINK THAT'S OK. BUT WITHOUT A BUDGET, WE NOT ONLY DEPRIVE MEMBERS OF THE CONGRESS FROM UNDERSTANDING WHERE IT IS WE'RE GOING FISCALLY, WE ALSO DEPRIVE ALL THE PEOPLE THAT ARE PAYING THE BILLS, THE TAXPAYERS OF THE UNITED STATES FROM KNOWING HOW THE GOVERNMENT PROPOSES TO SPEND THEIR MONEY IN THE NEXT FISCAL YEAR. IT'S A FISCAL YEAR, MR. SPEAKER. I KNOW YOU KNOW THIS, BUT I'LL INDICATE IT FOR THE RECORD, THAT THE FEDERAL GOVERNMENT'S FISCAL YEAR GOES OCTOBER 1 TO OCTOBER 1. THESE THINGS NEED TO BE IN IN PLACE BY OCTOBER 1, BOTH BUDGET AND THE APPROPRIATIONS PROCESS, THE SPENDING PROCESS, OR ELSE CALAMITOUS THINGS HAPPEN, THE GOVERNMENT SHUTS DOWN, THERE'S NO PREDICTABILITY ABOUT HOW THINGS ARE GOING TO BE SPENT AND IT'S A MESS. AND IT'S CERTAINLY NOT THE PREFERRED IWAY OF GOVERNING. AS A MATTER OF FACT, THERE ARE A NUMBER OF STATEMENTS MADE BY THE GENTLEMAN WHO NOW HOLDS THE POSITION OF MAJORITY LEADER OR CHAIRMAN OF THE BUDGET COMMITTEE WHO, WHEN THEY WERE IN THE MINORITY PARTY, IT WAS THE REPUBLICANS' JOB TO COBBLE TOGETHER A BUDGET AND GET IT PASS, WHICH WE ALWAYS DID, THEY INDICATED IN WORDS TO THE EFFECT THAT THE INABILITY OF THE FAILURE TO CREATE A BUDGET IS A FAILURE TO GOVERN. WORDS ARE FUNNY THINGS. JUST LIKE WHEN YOU SAY WE SHOULD WORK FIVE DAYS A WEEK, BUT WE WORK THREE DAYS A WEEK, BUT THE REASON WE SHOULD SAY WE WORK FIVE DAYS A WEEK IS BECAUSE OTHER PEOPLE ARE BAD, THAT CAN COME BACK AND BITE YOU IN THE NOSE. WHEN YOU MAKE STATES LIKE THE FAIL WRUR TO PRODUCE A BUDGET IS THE FAILURE TO GOVERN, WHEN YOU'RE IN THE TRITTCISM BUSINESS RATHER THEN THE GOVERNING BUSINESS AND ALL OF A SUDDEN, THE VOTERS UH PUT YOU IN CHARGE, AND THEY SAY, WELL, WE'RE NOT EVEN GOING TO TRY TO DO A BUDGET. IT GETS YOU INTO TROUBLE. ONE OF THE DISSATISFACTIONS, ONE OF THE MANY DISSATISFACTIONS, AND YOU'R SEEING IT IN ELECTION AFTER ELECTION ACROSS THE COUNTRY IS THAT PEOPLE THINK THAT THE FEDERAL GOVERNMENT ARE GOING TO STOP LISTENING TO THEM AND THE REPRESENTATIVES HAVE STOPPED LISTENING TO THEM. I HAPPEN TO THINK ONE OF THE BIGGEST CONTRIBUTORS TO THAT IS THIS VENOMOUS PARTISANSHIP THAT GOES BACK AND FORTH AND YOU KNOW, YOU HAVE TO RECOGNIZE THAT, YOU KNOW, WHEN YOU'RE MAKING A STATEMENT AND YOU'RE IN THE MINORITY, THAT THE FAILURE TO PRODUCE A BUDGET IS A FAILURE TO GOVERN, SOMETIMES THE DOG CATCHES THE CAR. YOU THEN ARE PUT IN A POSITION WHERE IT'S YOUR JOB TO CRAFT A BUDGET. SO WHAT ARE WE TO THINK IF YOU DON'T PRODUCE A BUDGET I THINK YOU'RE TO THINK THAT IT'S A FAILURE TO GOVE. RATHER THAN SAYING THAT, IT WOULD BE MY PREFERRED PATH THAT WE WOULD WORK TOGETHER, REPUBLICANS AND DEMOCRATS, JUST BECAUSE A DEMOCRAT HAS AN IDEA, I DON'T DISMISS IT AS A BAD IDEA BECAUSE IT CAME FROM A DEMOCRAT. PLIMYEPUBLICAN COLLEAGUE, A LOT OF THEM ARE VERY BRIGHT PEOPLE, THEY HAVE GOOD INSIDE AND -- GOOD IDEAS AND IF THEY WERE INCORPORATED INTO THINGS THE DEPPS WERE UP TO, PERHAPS WE COULD HAVE LEGISLATION. YOU KNOW, THAT'S ALWAYS BEEN HOW I TRIED TO CONDUCT MYSELF IN THE 16 YEARS I'VE BEEN HERE. THE PROOF IS SORT OF IN THE PUDDING "THE NATIONAL JOURNAL," A PUBLICATI HERE ON CAPITOL HILL, LOOKS AT HOW MEMBERS OF CONGRESS VOTE AND THERE WAS AN ARTICLE ABT A MONTH AND A HALF AGO THAT TALKED ABOUT HOW VOTED EITHER FOR OR AGAINST THE CLEARLY IDENTIFIED INITIATIVES OF PRESIDENT OBAMA THE MOST. AND SO NOT UNTYPICALLY, YOU KNOW, THE NUMBERS WERE PRETTY HIGH ON THE REPUBLICAN SIDE IN OPPOSING SOME OF THE THINGS PRESIDENT OBAMA IS PUTTING FORWARD. AGAIN NOT SURPRISINGLY BUT THE PRESIDENT IS A DEMOCRAT AND MEMBERS OF THE DEMOCRATIC PARTY VOTED FOR HIS PROPOSALS IN PRETTY LARGE AMNTS. BUT I WAS SURPRISED, I THINK I'M LUCKY I DIDN'T GET A PRIMARY FROM TEA PARTY PERSON BECAUSE THAT ANALYSIS SHOWS THAT ON 65% OF THE OCCASIONS WHERE PRESIDENT OBAMA IDENTIFIED WHAT HIS GOAL OR PRIORITY WAS, I SUPPORTED POTH BECAUSE MA. THAT THE A PRETTY HIGH NUMBER. NOT THE HIGHEST AMONG REPUBLICAN, I THINK IT WAS FIFTH OR SIXTH, BUT THAT'S WHAT I'M TALKING ABOUT. THE WAY THAT THINGS WORK AND THE WAY YOU GOVERN IS WHEN YOU TAKE THE BEST IDEAS OF A LOT OF BRIGHT PEOPLE HERE A LOT OF GOOD INTENTIONED PEOPLE HERE AND CRAFT SOMETHING, MAYBE YOU DON'T GET EVERYTHING YOU WANT. I HAVE A -- THE ONLY TWO PEOPLE THAT I EVER KNEW, OR DO KNOW, THAT WERE RIGHT 100% OF THE TIME, WERE MY MOTHER AND MY FE. AND I KNOW THAT BECAUSE THEY BOTH TOLD ME THEY WERE RIGHT 100% OF THE TIME. SO, AGAIN, YOU HAVE TO SAY TO YOSELF, WHY -- WHAT ARE WE DOING? WHY ARE WE SPENDING AN HOUR TIMES 337, HONORING FOOTBALL TEAMS AND LACROSSE TEAMS AND SWIMMING TEAMS AND RECOGNIZING THE -- WHAT ELSE DID WE DO? . WE EXPRESSED CONDOLENCES TO THE CHATHAM COUNTY COURTHOUSE. I DON'T KNOW WHAT BEFELL THEM BUT WE TOOK AN HOUR DOING THAT RATHER THAN DOING OTHER THINGS. WHAT IS IT THAT WE HAVEN'T ACCOMPLISHED AND WHAT IS IT THAT THE AMERICAN PEOPLE I THINK WOULD APPRECIATE IT IF WE GOT TO. MY WRITING IS BAD AND LOOKS LIKE CHICKEN SCRATCH BUT THE FIRST IS THE BUDGET AND WE TALKED ENOUGH ABOUT THE FACT THAT WE HAVEN'T PRODUCED THE BUDGET. THE 12 YEARS THAT I SENT -- SPENT ON THE TRANSPORTATION COMMITTEE AND EVERY SIX YEARS WE HAVE RE-AUTHORIZED THE SURFACE TRANSPORTATION BILL. IT WAS CALLEDTEA-21. AND SAFETEA-LU AND IT EXPIRED LAST SEPTEMBER. NOW THATLEGISLATION IS WHAT FUNNELS BILLIONS OF DOLLARS TO THE STATES SO THAT THEY CAN BUILD ROADS, BRIDGES AND MAKE IMPROVEMENTS AND BIKE LANES AND ASIDE FROM BEING A BILL THAT KEEPS OUR COUNTRY EXEFF, EVEN THOUGH WE HAVE AIX-YEAR BILL NOW, IT STARTED IN 1956 WITH DWIGHT EISENHOWER WHEN HE DECIDED WE SHOULD HAVE A DEDICATED GASOLINE TAX AND BUILD A NATIONAL HIGHWAY SYSTEM. IT IS UNBLEFBLE AND EVEN IF YOU GO BEYOND COMMERCE, YOU HAVE TO SAY TO YOURSELF, WAIT A MINUTE, THERE A BIG ITEM IN NATIONAL DEFENSE. SO YOU WOULD THINK THAT THAT WOD BE SOMETHING WE WOULD LIKE TO TAKE CARE OF. AND AS A MATTER OF FACT, THE RULE OF THUMB ON THE TRANSPORTATION COMMITTEE WAS THAT FOR EVERY BILLION DOLLARS THAT WAS EXPENDED IN THAT LEGISLATION, IT CREATED 47,000 500 JOBS. WE ARE ASKING WHERE'S THE BUDGET. BEFORE THAT, WE WERE ASKING WHERE ARE THE JOBS? AND THE JOBS FIGURES CAME OUT LAST WEEK AND THERE WAS AN UPTICK IN EMPLOYMENT. BUT INCLUDED IN THAT IS THAT THE GOVERNMENT HAS HIRED 400,000 PEOPLE TO CONDUCT THE CENSUS. NOW ANYBODY WHO IS INTERESTED CAN GO BACK AND SEE HOW MANY PEOPLE WERE HIRED TO CONDUCT THE CENSUS IN 2000. IT'S AN IMPORTANT JOB, BUT 400,000 PEOPLE WERE HIRED TO CONDUCT THE CENSUS, COUNTING ALL THE PEOPLE IN THE UNITED STATES OF AMERICA. WHEN YOU TAKE THE 400,000 GOVERNMENT JOBS THAT WERE CREATED TEMPORARILY AND AGAIN, IF YOU ARE TALKING ABOUT JOBS, A JOB TO ME IS SOMETHING WHERE YOU CAN EARN A WAGE, HAVE HEALTH CARE SECURITY,VILLE RETIREMENT POTENTIALLY AND THE ABILITY THROUGH THAT WAGE TO SUPPORT YOURSELF AND YOUR FAMILY. ON THE LONG-TERM BASIS, VERY, VERY FEW PEOPLE WOULD CONSIDER IT TO BE JUST A SWEETHEART JOB TO GET A JOB COUNTING PEOPLE IN THE UNITED STATES AND BEING DONE AND NOT BEING EMPLOYED WHEN YOU'RE DONE WITH IT. WHEN YOU LOOK AT THE JOBLESS FIGURES AND TAKE OUT THE 40000 PEOPLE THAT HAVE BEEN ADDED TO CONDUCT THE CENSUS, JOBS ARE STAGNANT, HOVERING BETWEEN 9% AND 10%. AND I HAVE BEEN JOINED BY MY GOOD FRIEND, MR. MCCOTTER, MICHIGAN HAS BEEN HARDER HIT BECAUSE OF THE AUTO INDUSTRY. THE GENTLEMAN FROM MICHIGAN CAN TELL US WHAT THAT UNEMPLOYMENT IS. BY RECOGNIZING NATIONAL TEACHERS' DAY AND TAKING AN HOUR OF TIME TO DO THAT, WE HAVEN'T HAVEN'T GOTTEN TO THE TRANSPORTATION BILL. AND IT'S ABOUT A YEAR OVERDUE AND WILL BE SOON, WE KEEP KICKING THE CAN DOWN THE ROAD AND NOT BEING DONE. IF YOUR QUESTION IS, WHERE ARE THE JOBS, HOW CAN THE GOVERNMENT ASSIST -- THE GOVERNMENT DOESN'T CREATE JOBS UNLESS YOU ARE A CENSUS WORKER, BUT HOW CAN YOU GIVE THE ECONOMY A BOOST UNDER THE ADMINISTRATION. WE HAVE HAD STIMULUS ONE, ONE, STIMULUS TWO. SON OF BAILOUT ONE, TWO AND THREE AND STILL HAVE AROUND 9%, 10% UNEMPLOYMENT AROUND THE COUNTRY. WHAT IS SIGNIFICANT ABOUT THE TRANSPORTATION BILL IS THAT THE PEOPLE, ALTHOUGH THE 47,000 AND THE WIDE ARRAY OF THINGS, PEOPLE THAT COOK FOOD, PEOPLE IN THE UNIFORM BUSINESS THAT PRODUCE OR CLEAN UNIFORMS FOR THE PEOPLE OUT BUILDING ROADS AND BRIDGE THE PEOPLE THAT MAKE THE ORANGE CONES AND REFLECTIVE VESTS, THE BULK OF THE HIGHWAY WORK IS DONE BY LABORERS AND ENGINEERS AND DESIGNED BY CIVIL ENGINEERS, THEIR UNEMPLOYMENT RATE RKTS THEIR UNEMPLOYMENT RATE ISN'T % OR 10%, DEPENDING ON WHAT TRADE YOU ARE TALKING ABOUT, THE UNEMPLOYMENT IS BETWEEN 27% AND 40%. SO THESE PEOPLE WHO HAVE HAD JOBS -- WE AREN'T TALKING ABOUT PEOPLE WHO DON'T WANT TO WORK, THESE PEOPLE WHO HAVE HAD JOBS BECAUSE OF THE SHRINKING OF THE ECONOMY AND CONGRESS'S FAILURE TO ACT ON A TRANSPORTATION BILL THAT WAS DUE LAST SEPTEMBER -- IT'S NOT NOT LIKE IT WAS LAST WEEK, IT'S ALMOST A YEAR LATE AND THERE'S REALLY -- THERE'S NO PROSPECTS. DECEMBER PITE THE REALLY GOOD INTENTIONS OF JIM ON OR ABOUT STAR OF THE -- OBERSTAR, CHAIRMAN OF THE TRANSPORTATION AND INFRASTRUCTURE COMMITTEE. THE LEADERSHIP OF THE HOUSE SAID WE AREN'T GOING TO DO A TRANSPORTATION BILL BETWEEN NOW AND THE ELECTION. AND THE PRESIDENT, SECRETARY OF TRANSPORTATION, RAY LAHOOD, HAS INDICATED THAT THE ADMINISTRATION HAS INDICATED THEY WANT TO GON A 18-MONTH LISTENING TOUR AND HAS NO INTENTION OF EVEN ADDRESSING THE HIGHWAY BILL UNTIL MARCH OF NEXT YEAR. AND AT THAT POINT, IT WILL BE A YEAR AND A HALF LATE BEFORE THE BILL IS EVEN PUT TOGETHER. AND BILLS JUST DON'T ALL OF A SUDDEN SPRING UP LIKE CROCUSES. THERE HAVE TO BE HEARINGS AND AMENDMENTS ANBROUGHT TO THE FLOOR. SO WHEN WE ARE SPENDING AN HOUR TIMES 337 DOING THINGS LIKE -- OH, I DON'T KNOW, SUPPORT OF NAG SAFE DIGGING MONTH. NOBODY VOTED AGAINST THAT. BUT IN ORDER TO MAKE IT LOOK LIKE WE WERE HERFIVE DAYS A WEEK AND DOING SOMETHING, WE SPENT AN HOUR BOTH DISCUSSING AND VOTING ON NATIONAL SAFE DIGGING WEEK. I DON'T KNOW WHAT THAT IS, BUT I THINK THAT'S WHEN YOU GO OUT IN YOUR BACK YARD AND PUT IN A GARDEN, YOU SHOULD CALL THE UTILITIES OR ELSE YOU WILL CUT YOUR NEIGHBOR'S LINE. AGAIN, I'M NOT AWARE OF ANY BIG PUSH BY ANYBODY THAT WOULD CONDEMN NATIONAL SAFE DIGGING WEEK AND I HAVE NEVER SEEN A RESOLUTION AROUND HERE THAT WANTED TO PROMOTE NATIONAL UNSAFE DIGGING WEEK. WE TOOK AN HOUR, RATHER THAN PRODUCING A BUDGET SO WE COULD FIGURE OUT WHERE WE ARE IN THIS COUNTRY INSTEAD OF BORROWING TRILLIONS AND TRILLIONS OF DOLLARS. WE COULD HAVE BEEN DOING A TRANSPORTATION BILL FOR A SECTOR UNLIKE THE 9% OR 10%, IF YOU FLASH BACK TO FEBRUARY OF 2009, THE PRESIDENT'S OBSERVATION IS WE HAVE TO DO THIS 800 BILLION OF STIMULUS SPENDING BECAUSE IF WE DON'T UNEMPLOYMENT WILL GO ABOVE 8%. THE ECONOMY IS AN UNPREDICTABLE THING AND I DON'T FAULT THE PRESIDENT -- I DON'T FAULT THE ADVISERS, BUT CAN'T FAULT HE AND HIS ADVISERS, BUT THAT'S THE CASE. AND UNEMPLOYMENT HAS RISEN, CRESTING DOUBLE DIGITS AND NOT GETTING BETTEUNLESS WE HIRE 400,000 PEOPLE TO COUNT PEOPLE. I WOULD LIKE TO YIELD TO THE GENTLEMAN FROM MICHIGAN AND TO TALK ABOUT WHAT IS CONCERNING HIS CONSTITUENTS IN MICHIGAN.

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  • 09:10:30 PM

    MR. MCCOTTER

    BRING UP THE SOAR POINT. WE HAVE THE HIGHEST UNEMPLOYMENT RATE IN THE…

    BRING UP THE SOAR POINT. WE HAVE THE HIGHEST UNEMPLOYMENT RATE IN THE COUNTRY. WE HAVE THE LONGEST LASTING RECESSION AND AT PRESENT, THEY ARE VERY CONCERNED THAT ONLY WILL WE NOT SEE AN IMMEDIATE RECOVERY, BUT ANOTHER DIPDOWN IN THE RECESSION WITH INFLATION FOLLOWING IT DUE TO THE MASSIVE BORROWING BY THE FEDERAL GOVERNMENT. THIS WOULD BE AKIN TO THE STAG FLATION THAT MICHIGAN EXPERIENCED WHICH WAS A VERY SEVERE BLOW TO THE ECONOMY AND WORKERS THAT RELY ON A STRONG MANUFACTURING BASE IN OUR COUNTRY. WHEN YOU TALK ABOUT THE BUDGET AND THE TRANSPORTATION BILL, THESE ARE ESSENTIAL ITEMS OF THE FEDERAL GOVERNMENT. NOT BEING ABLE TO BRING FORWARD A BUDGET, AS THE GENTLEMAN HAS RIGHTLY POINTED OUT, LEAVES INDIVIDUALS WHO COULD MAKE INVESTMENTS AND HELP GROW THE ECONOMY TO FEEL THAT THE FISCAL DISCIPLINE AND FISCAL INTEGRITY IN THE UNITED STATOVERNMENT IS ABSENT. THIS WOULD PRECLUDE THEM FROM STEPPING FORWARD IN TRYING TO HELP GROW THE ECONOMY AND HELP PEOPLE TRYING TO GROW JOBS. WE TALKED ABOUT TRANSPORTATION IN SOMETHING THAT IS BIPARTISAN. THIS IS NOT AN IDEOLOGICAL DEBATE. THIS IS A FEDERAL ROLE. WE KNOW THIS STARTING WITH ABRAHAM LINCOLN AND YET FOR WHATEVER REASON, WE HAVE NOT SEEN A BILL COME FORWARD. AS THE GENTLEMAN HAS POINTED OUT THE PEOPLE OF MICHIGAN WHO HAVE BEEN INTERESTED ARE ON THE LISTENING TOUR. IF YOU HAVEN'T HEARD THEM BY NOW, THEY WANT JOBS. THEY WANT THE OPPORTUNITY AND WANT TO SEE THE ECONOMY GROW SEE THE FEDERAL GOVERNMENT TO HELP FACILITATE ECONOMIC GROWTH. AS WE CONTINUE TO GO THROUGH THE LIST OF ITEMS THAT THE GENEMAN HAS PUT FORWARD, WE DO NOT S CRITICIZE COLLEAGUES ON WHAT IS PUT IN FRONT OF THEM. PEOPLE HAVE TALKED ABOUT THE RESOLUTION OR BILLS. THERE ARE CONSTITUENCIES WHO LIKE THEM. THERE ARE VERY FEW INDIVIDUALS, VERY FEW INDIVIDUALS WHO OPPOSE THEM. BUT IF YOU LOOK AT IT LIKE A MEAL, ON THE BLUE CHARTS THAT THE GENTLEMAN FROM OHIO HAS PUT FORWARD OR WHAT I WOULD CALL THE FIXINS AND WHAT IS ON THE LIGHT BOARD IS THE ACTUAL MEAT AND POTATOES. THIS CONGRESS HAS TO UNDERSTAND THERE ARE FAMILIES WORRIED ABOUT THEIR FINANCES AND THEIR FUTURES AND WHAT NEXT MEAL THEY WILL PUT ON THE TABLE OR THEIR UNEMPLOYMENT RUNS OUT OR DOUBLE-DIP RECESSION AND IT IS UP TO THIS CONGRESS NOT TO THINK THAT ALL THE FIXINGS ARE IRRELEVANT BUT WE SHOULD PUT A FULL MEAL FORWARD PASS THEM AND GET US OUT OF THE SITUATION WE ARE IN. IN A STATE OF 14% UNEMPLOYMENT THAT WOULD BE A WELCOME CHANGE THAT THAN WHAT WE ARE EXPERIENCING NOW AND I YIELD CK. MR.

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  • 09:13:59 PM

    MR. LATOURETTE

    I JUST WANT TO ELEVATE THIS CHART FOR A MINUTE. TWO OF MY FAVORITES THAT…

    I JUST WANT TO ELEVATE THIS CHART FOR A MINUTE. TWO OF MY FAVORITES THAT WE SPENT AN HOUR NOW IS H. RES. LUTION 294, DESIGNATION OF NATIONAL EXPLOSIVE ORDNANCE DISPOSAL DAY. IF YOU LIVE NEXT DOOR TO A KOREAN WAR VET AND HE SMUGGLED A COUPLE OF GRENADES AND HAS THEM IN HIS BASEMENT, WE HONOR THOSE. BUT WE HAVEN'T DONE A BUDGET OR TRANSPORTATION BILL, THE FACT THAT WE HAVE SPENT AN HOUR OF TIME HERE COMING UP WITH HONORING PEOPLE WHO DISPOSE OF UNSAFE ORDER NEANES IS A STRANGE -- ORDER NEANS AND WE HAVE BEEN JOINED BY M TIBERI OF OHIO. PEOPLE POINT TO THE COLLAPSE OF THE SUBPRIMEARKET AND WE WEREN'T ON THE BALL. YOU CAN GO BACK AND FORTH AND BLAME REPUBLICANS AND DEMOCRATS BUT THE BLAME GAME DOESN'T MATTER MUCH BUT THE GENTLEMAN TALKED ABOUT A SECOND RECESSION. WE DO KNOW THAT THE MORTGAGES MARKET FOR -- HOLD ON A SECOND -- COMMERCIAL PROPERTY IS ABOUT TO EXPLODE. AND WE HAVE WSH WE SEE IT COMING AND KNOW IT'S COMING AND BASICALLY WHAT HAS OCCURRED BECAUSE OF THE THE DIFFICULTIES IN THE ECONOMY JUST AS AN EXAMPLE, IF YOU WERE IN THE REAL ESTATE BUSINESS AND PURCHASED AN OFFICE BUILDING AND IT'S FULLY RENTED AND EVERYBODY PAYS THEIR RENT AND YOU BOUGHT IT FOR $1 MILLION AND TODAY IT'S NOT WORTH $1 MILLION, THEY ARE NOW IN THE PROCESS, THE BANKS WHO IS BAILED OUT AGAIN AND AGAIN AND AGAIN ARE NOW IN THE PROCESS OF SAYING, WE CAN'T FINANCE THAT FOR $100 MILLION BECAUSE YOU OWE $600,000 AND WE KNOW THAT'S COMING. BUT, AGAIN, WE ARE PASSING BILLS ABOUT THE SAFE DISPOSAL -- NOT EVEN SAFE DISPOSAL OF HAND GRENADES BUT A WEEK WHERE THEY DISPOSE OF HAND GRENADES AND LAST ONE H. RES. 1301, SUPPORTING THE GOALS AND IDEALS OF NATIONAL TRAIN DAY. AND THE FIFTH TIME I CAN RECALL SINCE THE DEMOCRATS CAME IN THE MAJORITY THAT WE HAVE RECOGNIZED NATIONAL TRAIN DAY. I HAPPEN TO LIKE TRAINS, BUT HOW COME WE SPEND AN HOUR OF TIME AND 337 HOURS OF TIME HAVING BILLS AND HAVING VOTES WHY EVERYBODY VOTES FOR THEM RATHER THAN DEALING WITH THIS COMMERCIAL MORTGAGE CRISIS? WHERE'S THE BILL THAT DOES THAT? AND WHAT WE GET INSTEAD IS INACTION AND HONOR A COUPLE MORE UNIVERSITIES FOR WINNING A SEM MEET OR CAN YOU RECALLING TOURNAMENT AND NOT DEAL WITH THE COMMERCIAL MORTGAGE CRISIS AND THERE'S THE BLAME GAME, IT'S GEORGE BUSH'S FAULT AND BARACK OBAMA'S FAULT. HOW ABOUT RATHER THAN HONORING TRAINS WE TAKE AN HOUR AND DO SOMETHING ABOUT A CRISIS THAT WE KNOW IS COMING AND I YIELD TO MY FRIEND FROM OHIO.

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  • 09:17:39 PM

    >>

    FOR ORGANIZING THIS HOUR TODAY AND I THINK YOU'VE REALLY HIT ON SOME OF…

    FOR ORGANIZING THIS HOUR TODAY AND I THINK YOU'VE REALLY HIT ON SOME OF THE IMPORTANT POINTS. WHEN YOU LOOK AT -- YOU GOT TO GO BACK OVER AUTO YEAR AGO WHEN THE STIMULUS BILL WAS PASSED BY THE MAJORITY, THE SPEAKER SAID THAT UNEMPLOYMENT WOULDN'T GO ABOVE 8%.

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  • 09:17:59 PM

    MR. TIBERI

    IT WOULD BE NICE TO SEE UNEMPLOYMENT AT 8% IN OHIO TODAY, WOULDN'T IT? IT…

    IT WOULD BE NICE TO SEE UNEMPLOYMENT AT 8% IN OHIO TODAY, WOULDN'T IT? IT WOULD BE NICE TO SEE UNEMPLOYMENT AT 8% IN MY DISTRICT, IT WOULD BE NICE TO SEE UNEMPLOYMENT AT 8% IN YOUR DISTRICT AND NICE TO SEE UNEMOYMENT EVEN CLOSE TO 8% NATIONALLY AND WE DON'T SEE THAT TODAY. IN FACT, AS SOMEONEHO HAS A FATHER BACK DURING THE LAST TIME UNEMPLOYMENT WAS ABOVE 8%, IN THE EARLY 1980'S, WHO LOST HIS JOB AND LOST HIS PENSION AND WE LOST OUR HEALTH CARE, IT'S KIND OF DEJA VU ALL OVER AGAIN. AND RATHER THAN TRY TO FOCUS ON THOSE ISSUES, WE'VE SPENT A WHOLE LOT OF TIME ON ISSUES THAT DON'T EMPLOY PEOPLE, THAT DON'T MAKE A DIFFERENCE IN PEOPLE'S LIVES. MAYBE THEY'RE IMPORTANT BUT NOT AS IMPORTANT AS DEALING WITH THE NUTS AND BOLTS ISSUES THAT YOU'VE TALKED ABOUT TONIGHT. AND NOT BEING IN A POSITION TO PASS A BUDGET, I MEAN, IF YOU CAN'T BUDGET YOU CAN'T GOVERN ONE MAN SAID WHO IS NOW THE CHAIRMAN OF THE BUDGET COMMITTEE FROM SOUTH CAROLINA. IF YOU CAN'T BUDGET YOU CAN'T GOVERN. AND SINCE 1974 AND MAYBE YOU'VE ALREADY SAID THIS, SINCE 1974 THE HOUSE HAS NEVER PASSED A BUDGET. AND THIS YEAR THE DEMOCRATIC MAJORITY IS NOT GOING TO PASS A BUDGET IN THIS HOUSE OF REPRESENTATIVES. IF YOU CAN'T PASS A BUDGET YOU CAN'T GOVERN. AND BY THE WAY, FOR THE SIX YEARS THAT I WAS IN THE MAJORITY HERE, WE DIDN'T HAVE A 78-MEMBER MAJORITY LIKE THE DEMOCRATS DO TODAY, BY THE WAY. THIS IS UNBELIEVABLE. AND SO WHEN YOU LOOK AT, I WAS KNOCKING ON DOORS IN MY DISTRICT IN CENTRAL OHIO ON SATURDAY AND AMERICANS ARE MAD AND THEY'RE STRUGGLING AND THEY'RE SCARED AND THEY'RE CONCERNED AND THOSE WHO HAVE THE ABILITY TO EXPAND THEIR BUSINESSES AND THERE ARE SOME EMPLOYERS, JOB CREATORS THAT HAVE THE ABILITY, THEY'RE FRIGHTENED. THEY'RE FRIGHTENED. AND I DON'T KNOW IF YOU'VE TALKED ABOUT THIS BEFORE I CAME, THEY'RE FRIGHTENED AT THE PROSPECTS OF HIGHER TAXES. THEY'RE FRIGHTENED AT THE PROSPECTS OF MORE REGULATION. AND SO WHAT ARE THEY DOING? THEY'RE KIND OF RETRACTING AND NOT DOING WHAT THEY COULD BE DOING WHICH IS CREATING JOBS, OBVISLY. AND RATHER THAN BEING ON THE FLOOR HERE TO HONOR SOMEBODY -- HONORING SOMEBODY WHO IS GOING TO BE NAMED -- IS GOING TO HAVE A COURTHOUSE NAMED AFTER HIM, WHICH MIGHT BE WORTHY, L'S FOCUS ON STHEES ISSUES THAT YOU'VE TALKED -- ON THESE ISSUES THAT YOU'VE TALKED ABOUT THAT ARE VITALLY IMPORTANT. WE HAVE AN ELECTION IN FIVE MONTHS. AND BETWEEN NOW AND THEN NOBODY THAT I'VE TALKED TO IN CENTRAL OHIO WHO'S A JOB CREATOR, WHO'S AN TRUR, WHO IS A RISK TAKER, IS WILLING TO TAKE THAT RISK BASED UPON WHAT THEY SEE COMING OUT OF THIS CONGRESS. SO THE GENTLEMAN FROM NORTHEASTERN OHIO IS CORRECT IN SAYING THAT IT IS NOT THE ROAD MAP THAT WE NEED TO BE ON TO MAKE OUR ECONOMY BETTER IN THE GREATEST COUNTRY IN THE WORLD. WE HAVE TOO MUCH DEBT, TOO MUCH TAXES, TOO MUCH SPENDING AND WHAT WE NEED TO BE DOING IS JUST THE OPPOSITE OF WHAT THE MAJORITY IS DOING TODAY. I YIELD BACK.

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  • 09:21:22 PM

    MR. LATOURETTE

    I THANK THE GENTLEMAN FOR THAT AND HERE ARE THREE ITEMS, I JUST WANT TO…

    I THANK THE GENTLEMAN FOR THAT AND HERE ARE THREE ITEMS, I JUST WANT TO GIVE CREDIT TO SOMEBODY WHO IS IN THE CHAMBER WITH US. HE CAN'T SPEAK BECAUSE HE HAPPENS TO BE THE SPEAKER PRO TEMPORE. BUT THE GENTLEMAN FROM IDAHO, MR. NNICK, IS PRESIDING OVER THE HOUSE FOR THIS SPECIAL ORDER, AND WHEN YOU TALK ABOUT COMMERCIAL REAL ESTATE, HE'S GOT A PLAN. HE'S PUT TOGETHER SOME VERY BRIGHT PEOPLE TO HELP AVERT WHAT HE SEES AND WHAT EVERYBODY IN THIS CHAMBER SHOULD SEE, IF THEY DON'T SEE, IS THAT WE'RE HEADED FOR THIS BIG FALL OFF THE CLIFF ON COMMERCIAL REAL ESTATE THAT WILL MAKE THE HOUSING MARKET, THE RESIDENTIAL HOUSING CRISIS, REALLY -- YOU'RE TALKING ABOUT MILLIONS AND MILLIONS OF DOLLARS PER BUILDING. GO AHEAD.

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  • 09:22:08 PM

    MR. TIBERI

    WILL THE GENTLEMAN YIELD?

  • 09:22:13 PM

    MR. TIBERI

    WE WERE HOME FOR THE MEMORIAL DAY RECESS WEEK, IT TO YOUR POINT, I…

    WE WERE HOME FOR THE MEMORIAL DAY RECESS WEEK, IT TO YOUR POINT, I CONVENED A MEETING -- TO YOUR POINT, I CONVENED A MEETING, I'M A RECOVERING REALITIER, WE HAD REAL ESTATE FOLKS ON THE COMMERCIAL REAL ESTATE SIDE, WE HAD SMALL BUSINESSES, WE HAD BUILDING MANAGERS, BUILDING OWNERS AND MANAGERS, AND BANKERS IN A MEETING. AND TO YOUR POINT, THEY SAID THAT THE COMMERCIAL REAL ESTATE MARKET, IF CONGRESS DOESN'T DEAL WITH THIS ISSUE SOON, IS GOING TO MAKE THE HOUSING MELTDOWN LOOK LIKE MINER LEAGUE COMPARED TO WHAT COULD -- MY MORE LEAGUE COMPARED TO WHAT -- MINOR LEAGUE COMPARED TO WHAT COULD HAPPEN ON THE COMMERCIAL REAL ESTATE SIDE. THIS IS HAPPENING VERY, VERY SOON. AND AS WE DEAL WITH THE FINANCIAL REGULATORY BILL THAT'S COMING SOON, THAT'S IN CONFERENCE COMMITTEE TODAY, THAT COULD ACTUALLY ADD TO THIS PROBLEM BY RESTRAINING CREDIT AND CREATING A BIGGER PROBLEM WITH RESPECT TO ACCESS TO CAPITAL, WE ARE REALLY, IN THIS CONGRESS TODAY, WITH THE MAJORITY, HEADING FOR A DISASTER OF EPIC PROPORTIONS IF WE DON'T DEAL WITH THIS. SO I'M PLEASED THAT REPRESENTATIVE MINNICK IS ON THE CASE, I'M PLEASED THAT YOU'RE ON THE CASE AND I HOPE THAT SOME FOLKS CAN GET TO THE LEADERSHIP ON THE DEMOCRATIC SIDE TO ACTUALLY DO SOMETHING ABOUT THIS BEFORE THE TOO LATE. I YIELD BACK.

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  • 09:23:41 PM

    MR. LATOURETTE

    I THANK THE GENTLEMAN. HERE ARE THREE QUICK EXAMPLES OF THINGS WE HAVEN'T…

    I THANK THE GENTLEMAN. HERE ARE THREE QUICK EXAMPLES OF THINGS WE HAVEN'T DONE THAT COULD, ONE, MAKE SURE WE DON'T SPEND MORE THAN WE'RE SUPPOSED TO, TWO, DEAL WITH THE SECTOR OF THE ECONOMY WORK FORCE THAT IS NOT FACING 10% OR 13% OR 15% UNEMPLOYMENT, THEY'RE FACING 27% TO 48% UNEMPLOYMENT, AND WE'RE NOT LOOKING FORWARD, AS THE CURRENT RESIDENT OF THE CHAIR, IN MINNICK HAS, TO AVERT ANOTHER MELTDOWN FOR WHICH WILL AGAIN BE ENGAGED IN A LOT OF FINGERPOINTING. BUT THE GENTLAN FROM OHIO, I KN, SERVES ON THE WAYS AND MEANS COMMITTEE AND THE OTHER SIDE OF THIS IS NOT JUST WHAT HAVEN'T WE DONE IN TERMS OF ACTION, BUT THERE ARE A NUMBER OF THINGS THAT ARE SET TO EXPIRE THAT HAVE TO DO WITH JOB CREATION AND I'LL ASK THE GENTLEMAN TO ADDRESS SOME OF THOSE IN JUST A SECOND. T, AGAIN, REFERRING TO THE LIST, WE SPENT AN HOUR, RATHER THAN DEALING WITH THESE ISSUES OR THE ISSUES THAT WE'RE GOING TO TALK ABOUT IN A MINUTE, WE SPENT AN HOUR HERE IN THE HOUSE OF REPRESENTATIVES EXPRESSING THE SUPPORT OF THE WEEK OF APRIL 18 THROUGH APRIL 23 AS NATIONAL ASSISTANT PRINCIPALS WEEK. NOW, YOU KNOW, A LOT OF THINGS HONORING TEACHERS AND SCHOOL COUNSELORS AND SO ON, I DON'T KNOW WHAT MY FRIENDS' EXPERIENCES WERE, BUT THE ASSISTANT PRINCIPALS WERE WHERE YOU WENT TO GET SPANKED WHEN I WAS GROWING UP BECAUSE YOU WERE MISBEHAVING. OF ALL OF THE PEOPLE THAT WE HONOR, I SUPPOSE I VOTEFOR THIS AS DID EVERYBODY WHEN THE ROLL WAS CALLED, BUT ASSISTANT PRINCIPALS, I'M NOT SURE THEY'RE UP THERE WITH EVERYBODY ELSE. PERHAPS THE GENTLEMAN COULD YIELD TO THE GENTLEMAN FROM OHIO TO TALK ABOUT THE BUSH TAX CUTS. WHAT WE'RE TALKING ABOUT IS THE TAX LEGISLATION THAWAS ENACTED IN 2001 AND 2003, CHARACTERIZED BY OUR FRIENDS ON THE OTHER SIDE OF THE AISLE AS TAX BREAKS FOR FILTHY RICH PEOPLE. MAYBE YOU SHOULD GO THROUGH A FEW OF THEM AND THEN WE COULDIFIEDIFY THEM -- IDENTIFY THEM -- COULD YOU IDENTIFY THEM. WHAT'S ABOUT TO EXPIRE? PEOPLE ARE GOING TO PAY HIGHER RATES ON WHAT?

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  • 09:25:50 PM

    MR. TIBERI

    I THANK THE GENTLEMAN FOR YIELDING ON THIS MATTER AND BRINGING THIS UP…

    I THANK THE GENTLEMAN FOR YIELDING ON THIS MATTER AND BRINGING THIS UP BECAUSE WE SPENT A LOT OF HOURS ON ISSUES RIGHT BEHIND YOU THAT ARE NOT LIFE TO DEATH ISSUES. JUST A COUPLE WEEKTS AGO WE SPENLT LESS THAN AN HOUR ON AN ISSUE THAT DEALS WITH TAX INCREASES FOR PEOPLE WHO OWN PARTNERSHIPS. AND QUITE HONESTLY THE WAY MAJORITY SOLD IT WAS, WE'RE GOING TO TAX PEOPLE WHO ARE DGE FUND PARTNERS BUT THE REALITY IS, IF YOU LOOK AT WHAT THE CONGRESSIONAL BUDGET OFFICE SAID, GOING BACK TO YOUR POINT ABOUT COMMERCIAL REAL ESTATE, THE U.S. CONFERENCE OF MAYORS EXPRESSED GRAVE CONCERN ABOUT WHAT THE MAJORITY DEMOCRATIC PARTY WAS DOING WITH RESPECT TO CARRIED INTEREST AND THAT IS, REAL ESTATE PARTNERSHIPS ARE THE MOST IMPACTED GROUP AND WE'RE GOING TO TAKE THEIR REAL ESTATE PARTNERSHIP AND GO FROM 15% TO ORDINARY INCOME WHICH NEXT YEAR, YOU JUST SAID, BASED UPON THE TAX CUTS EXPIRING, MARGINAL RATES GOING UP, THE RATE INCREASE IN THE PAYROLL TAX FOR HEALTH CARE, YOU'RE GOING TO SEE A HUGE INCREASE IN PEOPLE WHO INVEST IN OUR CITIES, IN COMMERCIAL REAL ESTATE, AT THE SAME TIMEHAT THIS PROBLEM IS GOING TO OCCUR THAT YOU'VE ALREADY EXPLAINED. YOU'RE GOING TO SEE TAX INCREASES FROM 15% TO OVER 0% FOR SOME PEOPLE. AND WHAT -- 40% FOR SOME PEOPLE. AND WHAT THE DORCHES OF -- CONFERENCE OF MAYORS UNDERSTANDS, NOT EXACTLY A CONSERVATIVE GROUP BY ANY WAY SHAPE OR FORM, IF YOU'RE GOING TO INCREASE TAXES ON PEOPLE WHO INVEST IN OUR CITIES, FROM 15% TO OVER 40%, THEY'RE NOT GOING TO INVEST IN OUR CITIES. THIS IS A HUGE IMPACT EVEN BEFORE THOSE TAX CUTS EXPIRE AT THE END OF THIS YEAR. WHAT WILL HAPPEN NEXT YEAR, AS WE'RE GOING TO SEE CAPITAL GAINS RATES GO UP, WE'RE GOING TO SEE DIVIDENDS GO UP, WE'RE GOING TO SEE MARGINAL RATES GO UP, CLOSE TO 40% FOR THE TOP TAX GROUP. WE ALREADY SEE IN AMERICA TODAY, AS THE GENTLEMAN FROM NORTHEASTERN OHIO KNOWS, 53% OF AMERICANS TODAY, BEFORE ALL THESE TAX RATES GO UP, 53% OF AMERICANS PAY FEDERAL INCOME TAX. 47% OF AMERICANS DON'T. AND THAT IS GOING TO GET WORSE WHEN THESE TAX CUTS EXPIRE. SO ARE YOU CLOSE TO A SITUATION WHERE YOU HAVE MORE PEOPLE ACTUALLY IN THE WAGON, PULLING THE WAGON THAN PEOPLE PULLING THE WAGON THAT ARE IN THE WAGON. THIS IS NOT A GOOD SITUATION FOR AMERICA. MY MOM AND DAD CAME TO AMERICA FOR A BETTER LIFE. FOR THE AMERICAN DREAM. FOR AN OPPORTUNITY. AND THAT IS SLOWLY SLIPPING AWAY FOR SO MANY PEOPLE UNDER THIS DEMOCRATIC MAJORITY. WHERE IT'S CLASS WARFARE EVERY STEP OF THE WAY. AND WHEN THESE TAX CUTS EXPIRE, IT'S MORE OF THAT CLASS WARFARE, THE HAVES VERSUS THE HAVE NOTS. AND IT'S A BAD, BAD RECIPE FOR THE FUTURE OF AMERICA IF WE CONTINUE THIS CLASS WARFARE ARGUMENT, WHETHER THE ON INCOME, WHETHER IT'S ON CAPITAL GAINS AND DIVIDENDS, WHETHER IT'S TARGETING THE JOB CREATORS AND THE ENTREPRENEURS VERSUS THE PEOPLE IN AMERICA WHO AREN'T.

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  • 09:29:03 PM

    MR. LATOURETTE

    TO THE GENTLEMAN'S POINT, YOU MENTIONED A VARIETY OF TAX PROVISIONS THAT…

    TO THE GENTLEMAN'S POINT, YOU MENTIONED A VARIETY OF TAX PROVISIONS THAT ARE SET TO EXPIRE. I WANT TO FOCUS ON TWO, INTEREST AND DIVIDENDS. ANY SENIOR CITIZEN THAT'S LIVING ON A FIXED INCOME WHO RECEIVES HIS OR HER INCOME AS A RESULT OF INVESTMENTS THAT THEY MAKE AND THEY RECEIVE INTEREST AINCOME, IF THEY'RE VESTED IN THE STOCK MARKET OR -- INVESTED IN THE STOCK MARKET OR SOME OTHER FUND AND GET DIVIDENDS AS A RESULT OF THAT, UNDER THE CURRENT LAW, WHAT'S THE RATE THAT THAT SENIOR PAYS ON HIS OR HER INTEREST AND DIVIDENDS?

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  • 09:29:35 PM

    MR. LATOURETTE

    OK. NOW, WHAT'S GOING TO HAPPEN WHEN THE MAJORITY PARTY INDICATES THAT…

    OK. NOW, WHAT'S GOING TO HAPPEN WHEN THE MAJORITY PARTY INDICATES THAT THEY'RE NOT GOING TO TAKE ANY ACTION, AGAIN, THEY'RE NOT ON THE BUDGET, THEY'RE NOT ON THE TRANSPORTATION BILL, THEY'RE NOT ON THE COMMERCIAL REAL ESTATE SIDE, WHEN THEY FAIL TO TAKE ACTION TO EXTEND THOSE, SENIOR CITIZENS ARE PAYING 15% ON THE MONEY THEY EARN ON INTEREST AND DIVIDENDS, WHAT'S THEIR TAX RATE GOING TO BE?

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  • 09:29:57 PM

    MR. TIBERI

    IT WILL GO UP 20% AND DEPENDING ON WHAT RATE THEY'RE ON, THAT MARGINAL…

    IT WILL GO UP 20% AND DEPENDING ON WHAT RATE THEY'RE ON, THAT MARGINAL RATE WILL GO UP AS WELL.

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  • 09:30:04 PM

    MR. LATOURETTE

    OK. SO, THE INTERESTING THING, THIS LEADS TO SOME OF MY FAVORITE…

    OK. SO, THE INTERESTING THING, THIS LEADS TO SOME OF MY FAVORITE DISCUSSIONS HERE, ARE SEMANTICS. WE ARE GOING TO HEAR THAT, BECAUSE PEOPLE WHO RAISE TAXES REPEATEDLY USUALLY DON'T GET REELECTED BECAUSE PEOPLE AREN'T REAL EASYY ABOUT THAT, WE'LL HEAR, WE'RE NOT RAISING ANYBODY'S TAXES. WE ARE JUST LETTING THIS SET OF TAX RATES EXPIRE. . . IF I MADE 1 0 BUCKS AND I WOULD HAVE A TOUGH TIME TO THE PEOPLE WE REPRESENT IMICHIGAN AND OHIO, HOW IS THAT NOT A TAX INCREASE? WITH A STRAIGHT FACE, PEOPLE WILL COME DOWN TO THE WELL OF THIS HOUSE AND SAY, WE AREN'T RAISINGS ANYBODY'S TAXES. AND I SEE THE GENTLEMAN FROM MICHIGAN ON HIS FEET.

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  • 09:31:07 PM

    MR. MCCOTTER

    TALKING ABOUT HOW THE TAX INCREASES ARE GOING UP. THAT THEY JUST SIMPLY…

    TALKING ABOUT HOW THE TAX INCREASES ARE GOING UP. THAT THEY JUST SIMPLY LET THE TAX EXPIRE. THIS IS AKIN COMING UPON AN ACCIDENT SCENE AND SAYING I DIDN'T HELP THE VICTIM I JUST LET THEM EXPIRE.

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  • 09:31:32 PM

    MR. LATOURETTE

    WE HAVE A 1:45 AND I YIELD TO MY FRIEND FROM OHIO. MR.

  • 09:31:39 PM

    MR. TIBERI

  • 09:32:48 PM

    MR. LATOURETTE

    WE HAVE PEOPLE FROM OHIO AND MICHIGAN AND AT LEAST EACH NOVEMBER WE DON'T…

    WE HAVE PEOPLE FROM OHIO AND MICHIGAN AND AT LEAST EACH NOVEMBER WE DON'T GET ALONG VERY WELL, BUT ON THIS ISSUE, WE ARE UNITED AND I APPRECIATE YOU BOTH PARTICIPATING AND MR. SPEAKER, I YIELD BACK THE BALANCE OF OUR TIME.

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  • 09:33:05 PM

    THE SPEAKER PRO TEMPORE

    THE CHAIR RECOGNIZES THE GENTLEMAN FROM OHIO FOR A MOTION.

  • 09:33:08 PM

    MR. LATOURETTE

    MR. SPEAKER, I MOVE THAT THE HOUSE DO NOW ADJOURN.

  • 09:33:13 PM

    THE SPEAKER PRO TEMPORE

Briefings for June 9, 2010

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Hearings for June 9, 2010

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Statistics

115th Congress - House
Total Hours: 1276 (After 533 days)
  • Debate602 Hours
  • Special Orders257 Hours
  • Votes200 Hours
  • One Minute Speeches108 Hours
  • Morning Hour92 Hours
  • Opening Procedures7 Hours

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Source: Resume of Congressional Activity (senate.gov)