Senate Proceeding 05-12-09 on May 12th, 2009 :: 1:24:20 to 1:28:15
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1:24:07 to 1:24:29( Edit History Discussion )

David Vitter: the clerk: the senator from louisiana, an amendment numbered amendment mr. vitt consent to waive reading o whole. the presiding officer: wit objection, so ordered. mr. vitter: thank you, madam president. this is a very straightforward but important amendment it would grant rulemaking authority to the federal reserve

1:24:20 to 1:28:15( Edit History Discussion )
Speech By: David Vitter

1:24:30 to 1:24:50( Edit History Discussion )

David Vitter: to set forth minimum standards for credit card issuers to establish a consumer's identity to prevent illegal immigrants -- folks inhe country illegally breaking terrorists and many others here illegally -- from obtaining

1:24:51 to 1:25:11( Edit History Discussion )

David Vitter: credit cards. madam president we have all read numerous accounts of how this is actually a growth industry for some very large institutions. not so long ago, february of 2007, "the wall street journal" reported -- quote -- "in the latest sign of the u.s. banking

1:25:12 to 1:25:34( Edit History Discussion )

David Vitter: industry's aggressive pursuit of different markets, bank of america corporation is quietly begun offering credit cards to customers without social security numbers, typically illegal immigrants." the same "wall street journal" article detailed how bank of america abused customer intification rules to

1:25:35 to 1:25:56( Edit History Discussion )

David Vitter: provide illegal immigrants with credit cards quote the new bank of america program is open to people who lack both the social security number and a credit history. as long as they have had a months without an overdraft. most adults who do not have a social security number are undocumented immigrants."

1:25:57 to 1:26:18( Edit History Discussion )

David Vitter: now, madam president, as we have major country, and particularly, madam president, when we are throwing billions upon billions of taxpayer dollars at these same large financial institutions, i don't think it's

1:26:19 to 1:26:39( Edit History Discussion )

David Vitter: too much to ask that they help us enforce our law; don't be a willing coconspirator with lawbreakers and actually go after the illegal alien market as a new niche market or a new profit center. i think that's really offensive because we do have a serious illegal iigration problem that

1:26:40 to 1:27:02( Edit History Discussion )

David Vitter: we're trying to get our hands around in this country. so again, madam president, my amendment is very simple. it doesn't say exactly what all of the detailed rules have to be. it simply the federal system -- in this?? case, the federal reserve -- rule making authority to set

1:27:03 to 1:27:23( Edit History Discussion )

David Vitter: forth minimum standards for credit card issuers to establish a consumer's identity; specifically to prevent illegal immigrants and terrorists from obtaing credit cards. that shouldn't be too ask. curtailing a little bit of the

1:27:24 to 1:27:44( Edit History Discussion )

David Vitter: big banks companiecredit cardcompanies business isn't asking ve i believe this would be an important step forward in our proper enforcement of our immigration laws. with that, madam president, i thank my attention. i urge all of my colleagues,

1:27:45 to 1:28:05( Edit History Discussion )

David Vitter: democrats and republicans, to support this commonsense, simple, but important amendment. i look forward to a vote tomorrow, madam president. i yield the floor. i suggest the absence of a quorum. the presiding officer: the clerk will call the roll.