House Proceeding 04-29-09 on Apr 29th, 2009 :: 1:20:45 to 1:40:45
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1:15:25 to 1:20:45( Edit History Discussion )
Speech By: Spencer Bachus

1:20:28 to 1:20:45( Edit History Discussion )

Spencer Bachus: so those are some differences of opinions we have. but i'll tell you this, most of what yo do -- and i commend you, what you've been proposing for years, is the federal reserve has addressed it. but as i say, start with, i

1:20:46 to 1:21:06( Edit History Discussion )

Luis V. Gutierrez: never imply we don't have sincere differences on some of these points. and my time has expired. the gentleman's time has expire -- the chair: the gentleman's time has expired. the gentleman from illinois. mr. gutierrez: i yield myself

1:20:50 to 1:26:10( Edit History Discussion )
Speech By: Luis V. Gutierrez

1:21:07 to 1:21:28( Edit History Discussion )

Luis V. Gutierrez: the balance of my time. i look forward to continuing to work with the ranking member of the full committee, spencer bachus. we have a great friendship and we have a difference of opinion. in america, you can do that. that's part of what makes this the best nation in the world. and i look forward to

1:21:29 to 1:21:49( Edit History Discussion )

Luis V. Gutierrez: mr. hensarling. we may not agree but we'll agree not to be disagreeable or atck each other personally or question our motives about what we do and why we do it. because for me, the bill does not equate to price controls. a lot of america, listening to my friends on the other side of the aisle, think there's price controls here.

1:21:50 to 1:22:10( Edit History Discussion )

Luis V. Gutierrez: there's no limit in this bill on the int charge. none whatsoever. free market. rather, what the bill does is brings transparency, it brings openness to the credit card marketplace. what could be better than to shine daylight on any product? then the c they're getting and what they're not getting.

1:22:11 to 1:22:31( Edit History Discussion )

Luis V. Gutierrez: they can say, i don't want that or yes, i do want that. transparency promotes competitiveness in the marketplace, which will eventually bring prices down. if you know what the price of welcome y and z, you're going to go where you can get the be deal.

1:22:32 to 1:22:53( Edit History Discussion )

Luis V. Gutierrez: that's what americans do. that's what this bill really does. what this bill does is it tells the consumers and credit card issuers, honor your contract. here's the contract. you told me it was 10%, you told me it was 15% you told me it was 20%, you can't change it.

1:22:54 to 1:23:15( Edit History Discussion )

Luis V. Gutierrez: under existing law, issuers can change the terms in the middle of the game. we know we have constricting credit with nothing to pay the higher interest rate. i want to tell the american people that righnow, credit card companies can issue cards to 14, 15, 16-year-olds that are not emancipated. who is going to pay the credit card bills?

1:23:16 to 1:23:38( Edit History Discussion )

Luis V. Gutierrez: mommy, daddy, that's who's going to pay them. we all know that. who is going to leave their kids out there? no one is. all good parents are going to say, it's my child my son, i'm responsible for my daughter, i'm responsible. and the credit card companies know it. they know it. i don't know this to be a fact,

1:23:39 to 1:24:00( Edit History Discussion )

Luis V. Gutierrez: but i'm sure they're checking into what your credibility is. they say, daddy can pay, mother can pay, let's give the child. listen, i wat to make one thing clear. even though the bill says 18, emancipation, come on. in america what 18-year-old is emancipated? they're in the emancipated, 19, 20, 21, 22.

1:24:01 to 1:24:22( Edit History Discussion )

Luis V. Gutierrez: nobody throws their kids out of the house. everybody keeps them and cherishes them, credit card companies know that too when they're issuing credit cards. college students, you're paying tuition, paying for room and board, paying for their health care, their clothes. then they send them a credit card company to undermine your ability to give your child a college education.

1:24:23 to 1:24:43( Edit History Discussion )

Luis V. Gutierrez: listen, everywhere you go in america, you want to buy clothes? take a credit card. want to fix your card zphar got a credit card for you. want to buy a refrigerator? got a credit card for you. what we have is an economy on a credit card basis. what we're saying is, since this has been promoted so much,

1:24:44 to 1:25:05( Edit History Discussion )

Luis V. Gutierrez: let's make sure we do this. listen, i remember -- i remember when i didn't make $174,000 as a member of congress. i remember when i lived paycheck to paycheck. i remember when the credit card companies would increase the interest rate or tell me, mr. gutierrez, through no fault of

1:25:06 to 1:25:28( Edit History Discussion )

Luis V. Gutierrez: your own, we're not going to extend you any more credit, pay down your bill as this credit interest rate higher than the one you took it out. i remember. maybe we should all go back to remembering when things weren't so rosy in our own personal lives in terms of being members of congress and put ourselves in the position of people who

1:25:29 to 1:25:49( Edit History Discussion )

Luis V. Gutierrez: live paycheck to paycheck. if we do that tomorrow, i tnk what we're going to do is stand on the side of consumers. as mr. bachus says, consumers are angry. the american public is frustrated, they're outraged by what credit card companies are doing. i yield ck the balance of my time.

1:25:50 to 1:26:12( Edit History Discussion )

Luis V. Gutierrez: the speaker pro tempore: the gentleman yields back. all time for general debate has expired. under the rule, the committee

1:26:13 to 1:26:33( Edit History Discussion )

rises. the speaker pro tempore: mr. chairman. the chair: the committee of the whole house on the state of the union having had under consideration h.r. meo report that we have come to no resolution thereon. the speaker pro tempore: the chairman of the committee of the whole house on the state of

1:26:34 to 1:26:54( Edit History Discussion )

House Clerk: the union reports that that committee has under consideration h.r. 627 and has come to no resolution thereon. for what purpose does the gentleman from colorado rise? >> madam speaker, i send to the desk a privileged report from the committee on rules for

1:26:50 to 1:29:55( Edit History Discussion )
Speech By: House Clerk

1:26:55 to 1:27:15( Edit History Discussion )

House Clerk: filing under the rule. the speaker pro tempore: the clerk will report the title. the clerk: report to accompany house resolution 379, resolution providing for further consideration of the bill, h.r. 627, to amend the fair lending act, relating to extension of credit under an

1:27:16 to 1:27:40( Edit History Discussion )

House Clerk: open-end consumer credit plan, and for other purposes. the speaker pro tempore: referred to the house calendar and ordered printed. the chair will receive message. the secretary: madam speaker a message from the senate. the messenger: madam speaker. the speaker o tempore: madam secretary. the secretary: i've been directed to inform the house,

1:27:41 to 1:28:03( Edit History Discussion )

House Clerk: the senate has agreed to s. 1317 for setting forth tr the budget for fiscal years 2010 through 2014. the speaker pro tempore: pursuant to 44 u.s.c. 702 and the order of the house of january 6, 2009, the chair announces the reappointment of

1:28:04 to 1:28:28( Edit History Discussion )

House Clerk: advisory committee on the records of congress. the clerk: mr. joseph cooper of baltimore, maryland. the speaker pro tempore: the chair lays before the house a commun the clerk: the honorable the speaker, house of representatives, madam. pursuant to 44 u.s.c. 2702, i

1:28:29 to 1:28:49( Edit History Discussion )

House Clerk: am pleased to reappoint mr. jeffrey w. thomas of ohio todd advisory committee of records on congress. he has requested to serve in this capacity and i'm pleased to fulfill his request. signed, sincerely, john a. boehner. the speaker pro tempore:

1:28:50 to 1:29:10( Edit History Discussion )

House Clerk: pursuant to u.s.c. 5514, the chair announces the appointment of the following members of the house to the congressional executive commission on the people's republic of china. the clerk: mr. levin of michigan cork chairman. ms. captor of ohio. mrs. honda of california, mr. smith of new jersey, mr.

1:29:11 to 1:29:31( Edit History Discussion )

House Clerk: manzullo of illinois, mr. royce of california and mr. pitts of pennsylvania. the speaker pro tempore: the chair lays before the house a communication. the clerk: the honorable the speaker, house of representatives, madam, pursuant to section 333a2 of the consolidated natural

1:29:32 to 1:29:52( Edit History Discussion )

House Clerk: resources act of 2008, public law 1110-229 i'm pleased to appoint mr. danny vargas of herndon, virginia, to the study of the national museum.

1:29:53 to 1:29:55( Edit History Discussion )

House Clerk: mr. vargas has expressed interest in serving in this

1:29:56 to 1:30:17( Edit History Discussion )

Jeb Hensarling: capa fulfill his request. signed sincerely, john a. boehner, republican leader. the speaker pro tempore: for what purpose does the gentleman from texas rise? >> madam speaker, ski unanimous consent that today, following legislative business and any special orders here turnover entered into, the following member mace be permitted to

1:30:00 to 1:30:30( Edit History Discussion )
Speech By: Jeb Hensarling

1:30:18 to 1:30:32( Edit History Discussion )

Jeb Hensarling: address the house, rhett rith their remarks and include therein extraneous material. mr. poe, may 6, five minutes, mr. jones, may 6, five minutes, mr. franks today, five minutes,

1:30:33 to 1:30:55( Edit History Discussion )

Ed Perlmutter: mr. conaway, april 30, for five minutes. ms. ros-lehtinen, may five and may 6 for five minutes apiece. the speaker pro tempore: without objection. for what purpose does the gentleman from colorado rise? >> i ask unanimous consent that today following legislative busiss and any special orders, the following members be permitted to address the house for five minutes to revise and extend their

1:30:35 to 1:31:15( Edit History Discussion )
Speech By: Ed Perlmutter

1:30:56 to 1:31:16( Edit History Discussion )

Ed Perlmutter: remarks, and include therein extraneous material. mr. boyd of florida for five minutes, ms. roybal-allard of california for five minutes mrks woolsey of california for five minutes, mr. defazio of oregon for five minutes, mr. towns of new york for five minutes, mr. mi show of maine

1:31:17 to 1:31:39( Edit History Discussion )

House Clerk: for five minutes, ms. captor of ohio for five minutes, mr. murphy of connecticut for five minutes, and mr. brady of pennsylvania for five minutes. the speaker pro tempore: without objection. the chair lays before the house to the following personal requests. the clerk: leave of absence requested for ms. bordallo of

1:31:20 to 1:32:05( Edit History Discussion )
Speech By: House Clerk

1:31:40 to 1:32:00( Edit History Discussion )

House Clerk: guam for the week of april 27, for mr. perriello of virginia for today, mr. stark of california for today. the speaker pro tempore: without objection, the request

1:32:01 to 1:32:06( Edit History Discussion )

House Clerk: is granted. under the speaker's announced policy of january 6, 2009, and

1:32:07 to 1:32:27( Edit History Discussion )

under a previous order of the house, the following members are recognized for five minutes each. mr. po >> madam speaker, i ask unanimous consent to assume the time of the gentleman. the speaker pro tempore: without objection. >> thank you, madam speaker. a few weeks ago, i was on the house floor, i came to address my colleagues and bring to

1:32:28 to 1:32:50( Edit History Discussion )

Jerry Moran: their attention the danger that iran poses to israel. i shared with my colleagues some of the things the iranian leader had said about israel to illustrate the serious rnsf the threat. madam spker, the iranian president, ahmadinejad, has again spoken. last week at the opening day of the united nations anti-racism conference, the iranian prident was given a platform

1:32:30 to 1:36:10( Edit History Discussion )
Speech By: Jerry Moran

1:32:51 to 1:33:11( Edit History Discussion )

Jerry Moran: on which to spread racist and hateful views. he called israel, quote, the most cruel and racist regime, said that zionism is, quote a paragone of racism, and said the creation of israel was founded on the pretext of jewish suffering and the ambiguous and dubious fact of

1:33:12 to 1:33:33( Edit History Discussion )

Jerry Moran: the holocaust. while his comments are troublesome in any context, it's appalling he would deny the holocaust on the day before

1:33:34 to 1:33:54( Edit History Discussion )

Jerry Moran: national holocaust day. it's inchic he was given the opportunity to speak at a summit on racism. while many boycotted the summit and therefore didn't lend credence to it, too many acted with complacency. last thursday, the members

1:33:55 to 1:34:15( Edit History Discussion )

Jerry Moran: gathered in the rotunda to remember the six million jews murdered in the holocaust. the theme of this year's events were never again, what you do matters. that theme is a message for all of us to take very seriously. when we say never again, we need to think about the current threats to peace and security and take appropriate action to

1:34:16 to 1:34:37( Edit History Discussion )

Jerry Moran: prevent senseless violence. iran's pursuit of nuclear weapons is an existential threat to the people of israel and a threat to the rest of the world. the things we do, do matter. it is time for us to join together and confront the iranian threat. today, israel celebrates the 61st anniversary of his

1:34:38 to 1:34:58( Edit History Discussion )

Jerry Moran: independence, a day in which we ought to rember the threat that still remains. congress has taken action to address this threat by approving h.r. 1327, the iran sanctions enabling act. it can take action to address these by passing h.r. 1327 and

1:34:59 to 1:35:19( Edit History Discussion )

Jerry Moran: h.r. 1985, the iran diplomatic enhancement act. . 9 other piece of legislation h.r. 1985, which sanction any entity engaged in activities that contribute to iran to

1:35:20 to 1:35:40( Edit History Discussion )

Jerry Moran: import gasoline. i'm a sponsor of these bills and sanctions will increase the iranian regime to change course and abandon its pursuit of nuclear weapons. we need to evaluate the challenges to peace we face and take swift action as best we can to address them. i ask the house of representatives to quickly

1:35:41 to 1:36:01( Edit History Discussion )

Jerry Moran: approve the iran sanctions enabling act and the iran diplomatic enhancement act. never again what we do does matter. i yield back the balance of my time. the speaker pro tempore: mr. boyd of florida.

1:36:02 to 1:36:10( Edit History Discussion )

Jerry Moran: mr. jones of north carolina. for what purpose does the gentleman from texas rise? >> i would like unanimous consent to substitute for the

1:36:11 to 1:36:32( Edit History Discussion )

John R. Carter: gentleman. the speaker pro tempore: without objection. mr. carter: claim the time. the speaker pro tempore: without objection, the gentleman is recognized for five minutes. mr. carter: recently i read an article by -- entitled gentler maxism" begins his

1:36:25 to 1:41:15( Edit History Discussion )
Speech By: John R. Carter

1:36:33 to 1:36:53( Edit History Discussion )

John R. Carter: comments by saying, barack obama is not a socialistic. he is a social democr. the administration's attempt to control private companies and free markets should not alarm us according to the pundits. european nation do it all the time.

1:36:54 to 1:37:16( Edit History Discussion )

John R. Carter: is an application of the european political economic theory known as social democracy. he promised us government reform and renewed, repaired economy, more ethical business practices and he did all this as we watched our economy crash.

1:37:17 to 1:37:38( Edit History Discussion )

John R. Carter: after these 100 days in office, we need to illuminate the path this administration is taking us down. it could be the path that leads us from limited government, that stimulates our economy naturally to a government mostly aligned with social democracy.

1:37:39 to 1:38:00( Edit History Discussion )

John R. Carter: like the social economies of western europe, with massive taxes and chronic high unemployment. anbjective definition of social democracy from webster's online dictionary is as follows, a political movement advocating a growl and peaceful transition

1:38:01 to 1:38:22( Edit History Discussion )

John R. Carter: from capitalism to socialism by democratic means or a second definition, a democratic welfare state that inrporates both capitalist and socialist practices. so this political economic system either moves from capitalism to socialism or combines both capitalism and

1:38:23 to 1:38:47( Edit History Discussion )

John R. Carter: socialism to form a welfare state. we need to know more. here's the first paragraph om the inpsycheow peed yeah brit can in about social democracy. advocates a peaceful evolution of society from capitalism to

1:38:48 to 1:39:11( Edit History Discussion )

John R. Carter: socialism using established socialism principles. social democracy shares roots with communism, but excuses the military. social democracy was originally known as revisionism because it represented a change in marxist

1:39:12 to 1:39:33( Edit History Discussion )

John R. Carter: doctrine, primarily in the repudiation in the use of revolution to establish a capitalist society. these definitions pair with some of the actions we've seen so far in the administration which causes us concern that maybe they may be indicative of growl movement towards social

1:39:34 to 1:39:55( Edit History Discussion )

John R. Carter: democracy. we have the stimulus bill, we have the bank bailouts. now we've got the proposal that they'll own 50% of general motors or with 39% share of the unions, 10% share for the bond holders and 1% share for the stock holders. as a result of these actions,

1:39:56 to 1:40:17( Edit History Discussion )

John R. Carter: the federal government's spending equals almost 90% of gross domestic product. g.d.p. last year was 14.2 and now 12.8%. did we elect a president because we want todd have a social democracy system? when americans cast their vote for barack obama and cast it for

1:40:18 to 1:40:38( Edit History Discussion )

John R. Carter: a democratic coness, did they also intend that this country should adopt social democracy, that lesser form of marxism. these are issues we need to talk about. and if this is the place our country is going, maybe we need

1:40:39 to 1:41:01( Edit History Discussion )

John R. Carter: to adopt new founding documents that more fit this form of government. these are thoughts we ought to all think abou i know i'm thinking about them. i hope your too. i yield back. the speaker pro tempore: mr. boyd of orida.