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THIS G.S.A. INVESTIGATION WE
WILL DO SOMETHING --
"WASHINGTON JOURNAL" AIRS
EVERY MORNING AT 7:00 EASTERN
HERE ON C-SPAN.
GOING LIVE NOW TO THE HOUSE.
THEY'RE COMING BACK IN FOR
VOTES ON A SPORTSMEN BILL THEY
DEBATED THIS AFTERNOON.
REPORT TO ACCOMPANY
HOUSE RESOLUTION 619, RESOLUTION
PROVIDING FOR CONSIDERATION OF
THE BILL H.R. 3438 TO PROVIDE
EXTENSION OF FEDERAL AID,
HIGHWAY, HIGHWAY SAFETY, MOTOR
CARRIER SAFETY AND TRANSIT
PENDING ENACTMENT OF A MULTI
YEAR LAW REAUTHORIZING SUCH
PROGRAMS AND FOR OTHER PURPOSES.
REPORT TO ACCOMPANY HOUSE
RESOLUTION 620, RESOLUTION
PROVIDING FOR CONSIDERATION OF
THE BILL, H.R. 9 TO AMEND THE
INTERNAL REVENUE CODE OF 1986 TO
PROVIDE A DEDUCTION FOR DOMESTIC
BUSINESS INCOME OF QUALIFIED
SMALL BUSINESSES.
REFERRED TO THE HOUSE CALENDAR
AND ORDERED PRINTED.
PURSUANT TO HOUSE RESOLUTION 614
AND RULE 18, THE CHAIR DECLARES
THE HOUSE IN THE COMMITTEE OF
THE WHOLE HOUSE OF THE STATE OF
THE UNION FOR FURTHER
CONSIDERATION OF H.R. 4089.
WILL THE GENTLEMAN FROM IDAHO,
MR. SIMPSON, KINDLY RESUME THE
CHAIR.
THE HOUSE IN THE
COMMITTEE OF THE WHOLE HOUSE FOR
THE FORT CONSIDERATION WHICH THE
CLERK WILL REPORT GUY TITLE.
A BILL TO PROTECT AND
ENHANCE OPPORTUNITIES FOR
HUNTING FISHING AND SHOOTING.
A REQUEST FOR A
RECORDED VOTE ON AMENDMENT
NUMBER 8 PRINTED IN HOUSE REPORT
112-444 BY THE GENTLEWOMAN FROM
NORTH CAROLINA HAD BEEN
POSTPONED.
PURSUANT TO CLAUSE 6 OF RULE 18,
PROCEEDINGS WILL NOW RESUME ON
THOSE AMENDMENTS PRINTED IN
HOUSE REPORT 112-444 ON WHICH
FURTHER PROCEEDINGS WERE
POSTPONED.
AMENDMENT NUMBER 2, AMENDMENT
NUMBER 3, AMENDMENT NUMBER 4 AND
AMENDMENT NUMBER 7 AND AMENDMENT
8 BY MS. FOXX OF NORTH CAROLINA.
THE CHAIR WILL REDUCE TO TWO
MINUTES THE MINIMUM TIME OF ANY
ELECTRONIC VOTE AFTER THE FIRST
ELECTRONIC VOTE IN THIS SERIES.
THE UNFINISHED BUSINESS IS A
REQUEST FOR A RECORDED VOTE ON
AMENDMENT NUMBER 2 BY THE
GENTLEMAN FROM NEW JERSEY, MR.
HOLT, ON WHICH FURTHER
PROCEEDINGS WERE POSTPONED AND
VOTE.
THE CLERK WILL REDESIGNATE THE
AMENDMENT.
AMENDMENT NUMBER 2
PRINTED IN HOUSE REPORT 112-444
OFFERED BY MR. HOLT OF NEW
JERSEY.
A RECORDED VOTE HAS
BEEN REQUESTED.
THOSE IN FAVOR SAY AYE.
WILL RISE AND BE COUNTED.
MEMBERS WILL RECORD THEIR VOTES
BY ELECTRONIC DEVICE.
, THIS IS A 15-MINUTE VOTE.
[CAPTIONING MADE POSSIBLE BY THE
NATIONAL CAPTIONING INSTITUTE,
INC., IN COOPERATION WITH THE
UNITED STATES HOUSE OF
ANY USE OF THE CLOSED-CAPTIONED
COVERAGE OF THE HOUSE
PROCEEDINGS FOR POLITICAL OR
COMMERCIAL PURPOSES IS EXPRESSLY
REPRESENTATIVES.]
THE
YEAS ARE 152 AND NAYS ARE 260.
THE AMENDMENT IS NOT ADOPTED.
THE UNFINISHED IS REQUEST DEPOR
A RECORD THE VOTE ON AMENDMENT
NUMBER 3 PRINTED IN HOUSE REPORT
112-444 ON WHICH FURTHER
PROCEEDINGS WERE POSTPONED AND
NOES PREVAILED.
AMENDMENT NUMBER 3
REPORT 112-444
OFFERED BY MR. GRIJALVA OF
ARIZONA.
THOSE IN SUPPORT OF
THE REQUEST FOR A RODDED VOTE
WILL RISE.
MEMBERS WILL RECORD THEIR VOTES
BY ELECTRONIC DEVICE. THIS IS A
TWO-MINUTE VOTE.
[CAPTIONING MADE POSSIBLE BY THE
NATIONAL CAPTIONING INSTITUTE,
INC., IN COOPERATION WITH THE
UNITED STATES HOUSE OF
ANY USE OF THE CLOSED-CAPTIONED
COVERAGE OF THE HOUSE
PROCEEDINGS FOR POLITICAL OR
COMMERCIAL PURPOSES IS EXPRESSLY
REPRESENTATIVES.]
THE
YEAS ARE 138, THE NAYS ARE 279.
THE AMENDMENT IS NOT ADOPTED.
UNFINISHED BUSINESS IS REQUEST
FOR A RECORDED VOTE ON AMENDMENT
NUMBER 4 PRINTED IN HOUSE REPORT
112-44 ON WHICH FURTHER
PROCEEDINGS WERE POSTPONED.
THE CLERK WILL REDESIGNATE THE
AMENDMENT.
AMENDMENT NUMBER 4
PRINTED IN HOUSE REPORT 112-44
OFFERED BY MR. PETERS OF
THOSE IN SUPPORT OF
THE REQUEST FOR A RECORDED VOTE
WILL RISE.
, A SUFFICIENT NUMBER HAVING
THEIR VOTES BY ELECTRONIC
DEVICE. THIS IS A TWO-MINUTE
VOTE.
[CAPTIONING MADE POSSIBLE BY THE
NATIONAL CAPTIONING INSTITUTE,
INC., IN COOPERATION WITH THE
UNITED STATES HOUSE OF
ANY USE OF THE CLOSED-CAPTIONED
COVERAGE OF THE HOUSE
PROCEEDINGS FOR POLITICAL OR
COMMERCIAL PURPOSES IS EXPRESSLY
PROHIBITED BY THE U.S. HOUSE OF
REPRESENTATIVES.]
THE YEAS ARE 155, THE
NAYS ARE 262.
THE AMENDMENT IS NOT ADOPTED.
THE UNFINISHED BUSINESS IS
REQUEST FOR A RECORDED VOTE ON
AMENDMENT NUMBER 7 PRINT IN
HOUSE REPORT 112-444 ON WHICH
FURTHER PROCEEDINGS WERE
POSTPONED AND THE NOES PREVAILED
THE CLERK WILL REDESIGNATE THE
AMENDMENT NUMBER 7
PRINTED IN HOUSE REPORT 112-444
OFFERED BY MR. HEINRICH OF NEW
THOSE IN SUPPORT OF
THE RECORDED VOTE WILL RISE.
ARISEN, A RECORDED VOTE IS
ORDERED.
MEMBERS WILL RECORD THEIR VOTES
TWO-MINUTE VOTE.
[CAPTIONING MADE POSSIBLE BY THE
NATIONAL CAPTIONING INSTITUTE,
INC., IN COOPERATION WITH THE
UNITED STATES HOUSE OF
ANY USE OF THE CLOSED-CAPTIONED
COVERAGE OF THE HOUSE
PROCEEDINGS FOR POLITICAL OR
COMMERCIAL PURPOSES IS EXPRESSLY
PROHIBITED BY THE U.S. HOUSE OF
SNOW
ON
THIS VOTE, THE YEAS ARE 176,
THE NAYS ARE 274, THE MOTION IS
NOT ADOPT THE UNFINISHED
BUSINESS IS THE REQUEST FOR A
RECORDED VOTE ON AMENDMENT
NUMBER 8, PRINTED IN HOUSE
REPORT 112-444, OFFERED BY THE
GENTLELADY FROM NORTH CAROLINA,
MS. FOXX, ON WHICH THE AYES
PREVAILED BY VOICE VOTE.
THE CLERK WILL DERES. --
REDESIGNATE THE AMENDMENT.
AMENDMENT NUMBER 8,
PRINTED IN HOUSE REPORT
112-444, OFFERED BY MS. FOXX OF
NORTH CAROLINA.
A RECORDED VO IS
REQUESTED.
A THOSE IN SUPPORT OF A
RECORDED VOTE WILL RISE, A
SUFFICIENT NUMBER HAVING RISEN,
A RECORDED VOTE IS ORDERED.
THIS IS A TWO-MINUTE VOTE.
[CAPTIONING MADE POSSIBLE BY
THE NATIONAL CAPTIONING
INSTITUTE, INC., IN COOPERATION
WITH THE UNITED STATES HOUSE OF
ANY USE OF THE CLOSED-CAPTIONED
COVERAGE OF THE HOUSE
PROCEEDINGS FOR POLITICAL OR
COMMERCIAL PURPOSES IS
EXPRESSLY PROHIBITED BY THE
REPRESENTATIVES.]
ON
THIS VOTE, THE YEAS ARE 193,
THE NAYS ARE 19 .
THE AMENDMENT IS ADOPTED.
THE QUESTION IS ON THE
AMENDMENT IN THE NATURE OF A
SUBSTITUTE AS AMENDED.
THOSE OPPOSED, NO.
THE AYES HAVE IT, THE AMENDMENT
IS ADOPT ASMEDE CORDINGLY,
UNDER THE RULE, THE COMMITTEE
RISES.
12K3
MR.
CHAIRMAN.
THE CHAIR OF THE COMMITTEE OF
THE WHOLE HOUSE ON THE STATE OF
THE UNION REPORTS THAT THE
COMMITTEE HAS HAD UNDER
CONSIDERATION THE BILL H.R.
4089 AND PURSUANT TO HOUSE
RESOLUTION 614 REPORTS THE BILL
BACK TO THE HOUSE WITH AN
AMENDMENT ADOPTED IN THE
COMMITTEE OF THE WHOLE.
UNDER THE RULE, THE PREVIOUS
QUESTION IS ORDERED.
IT IS A -- IS A SEPARATE VOTE
DEMANDED ON THE AMENDMENT TO
THE WHOLE?
IF NOT, THE SQUE ON THE
AMENDMENT IN THE NATURE OF A
SUBSTITUTE AS AMENDED.
THOSE IN FAVOR SAY AYE.
NATIONAL OCEANIC AND
ATMOSPHERIC ADMINISTRATION.
THE VEAS VISIT.
ENGROSSMENT AND THIRD READING.
THIRD READING.
A BILL TO ENHANCE
AND PROTECT OPPORTUNITIES FOR
HUNTING, FISHING
AND SHOOTING.
FOR
WHAT PURPOSE DOES THE GENTLEMAN
RECOGNITION?
MR. SPEAKER, I HAVE A MOTION
TO RECOMMIT AT THE DESK.
IS THE
GENTLEMAN OPPOSED TO THE BILL?
I AM.
THE
GENTLEMAN QUALIFIES, THE CLERK
WILL REPORT THE MOTION.
CLIP MR. TIERNEY OF
MASSACHUSETTS MOVES TO RECOMMIT
THE BILL AND MOVES TO
REMINORITY SAME BACK TO THE
COMMITTEE FORTHWITH WITH THE
FOLLOWING AMENDMENT.
THE
HOUSE WILL COME TO ORDER.
THE GENTLEMAN FROM WASHINGTON
IS RECOGNIZED.
POINT OF ORDER ISED OR -- POINT
OF ORDER IS RESERVED BY THE
GENTLEMAN FROM WASHINGTON.
THE CLERK WILL CONTINUE
AT THE THOACHED
BILL, ADD THE FOLLOWING, TITLE
5, FIGHTING OIL MARKET
MANIPULATION AND
FRIDAY, SECTION 1, FIGHTING OIL
SPECULATION, MANIPULATION AND
THERE IS HEREBY APPOINTED TO
THE COMMODITIES AND FUTURES
TRADING COMMISSION SUCH SUMS AS
MAY BE NECESSARY TO CARRY OUT
ENFORCEMENT AND ANALYST
REGISTRATION WHICH RELATE TO
OIL AND REFINED PROGRAMS,
EXCESSIVE SPECULATION AND
MARKET MANIPULATION.
TITLE 6.
PROHIBITION ON HUNTING AND
FISHING TRIPS PAID FOR BY
REGISTERED LOBBYISTS OR
REGISTERED FOREIGN AGENTS.
SECTION 60, PROHIBITION ON
HUNTING AND FISHING TRIPS PAID
FOR BY REGISTERED LOBBYISTS OR
REGISTERED FOREIGN AGENTS.
NOTHING SHALL ALLOW OR
FACILITATE RECREATIONAL
HUNTING, FISHING OR SHOOTING
ACTIVITIES ON TRIPS PAID FOR BY
REGISTERED LOBBYISTS OR
REGISTERED FOREIGN AIDS FOR THE
BEN FOIST A MEMBER OF CONGRESS.
THE
HOUSE WILL COME TO ORDER.
THE GENTLEMAN FROM WASHINGTON.
I CONTINUE TO
RESERVE MY POINT OF ORDER.
THE
RECOGNIZED.
THE GENTLEMAN FROM
MASSACHUSETTS IS RECOGNIZED FOR
FIVE MINUTES.
SPEAKER.
I RISE TO OFFER THE FINAL
AMENDMENT TO THIS BILL.
IT WOULD GIVE THE COMMODITIES
FUTURE TRADING COMMISSION FER
THE RESOURCES IT NEEDS TO PUT
THAT'S CONTRIBUTING TO THE HIGH
COST OF GAS PRICES ACROSS THIS
COUNTRY.
MR. SPEAKER.
THE
HOUSE WILL COME TO ORDER.
THE GENTLEMAN FROM
MASSACHUSETTS IS RECOGNIZED.
I WANT TO BE CLEAR
THIS AMENDMENT WILL NOT KILL
TO COMMITTEE.
IF THIS AMENDMENT IS ADOPTED,
THE HOUSE WILL STILL
IMMEDIATELY PROCEED TO VOTE ON
FINAL PASSAGE OF THE BILL AND
IT SHOULD.
MR. SPEAKER.
THE
HOUSE WILL COME TO ORDER.
THE HOUSE WILL COME TO ORDER.
THE GENTLEMAN FROM
MASSACHUSETTS IS RECOGNIZED.
THANK YOU, MR.
SPEAKER.
TODAY, THE ESTIMATES ARE THAT
SPECULATORS CONTROL ABOUT 70%
OF THE OPEN INTEREST IN
COMMODITIES MARKETS.
70%.
10 YEARS AGO, THE NUMB WOULD
HAVE BEEN 30%.
SPECULATORS ARE ESSENTIALLY
LARGE BANKS, HEDGE FUNDS, THEY
THE OIL.
THEY JUST GET THE CONTRACT,
MAKE A QUICK PROFIT AND GET
OUT.
UNLIKE TRADING IN STOCKS AND
BONDS AND TRADITIONAL
COMPANIES, IT HAS A BIG EFFECT
ON AMERICAERING IT RAISES THE
PRICE OF GAS, CREATES UNDUE
HARDSHIP WITH YOU'RE A SMALL
BUSINESS OWNER WITH A FLEET OF
COARSE TRUCKS, OR YOU'RE A
HOUSEWIFE RUNNING ERRANDS AND
TAKING KIDS TO SCHOOL.
THIS HURTS PEOPLE ALREADY
STRUGGLING TO MAKE ENDS MEET.
MR. SPEAKER.
THE
HOUSE WILL COME TO ORDER.
MEMBERS KINDLY TAKE THEIR
CONVERSATION OFF THE FLOOR.
THE GENTLEMAN FROM
MASSACHUSETTS MAY CONTINUE.
ACCORDING TO ONE
OFFICIAL AT THE COMMODITIES
FUTURE TRADING COMMISSION, NOT
PRODUCTION, BUT SPECULATION,
HAS INCREASED PRICES BY 22
DEMRON.
THIS SHOULD BE UNACCEPTABLE FOR
EVERY ONE OF US.
IS FOR THIS
CONGRESS TO HAVE A CONCERTED
EFFORT TO CURB WALL STREET'S
ANTI-CONSUMER PRACTICES.
THIS AMENDMENT WILL DO THAT.
IT WILL ENSURE THAT THE CFTC
HAS THE RESOURCES IT NEEDS TO
STOP EXCESSIVE SPECULATION AND
MARKET MANIPULATION.
THE PRESIDENT RECOGNIZES THE
IMPORTANCE OF THIS ISSUE AND
CALLED ON CONGRESS TO SUPPORT
CHANGES IN THE SF -- STFTC FOR
OIL FUTURES MARKET TRADING
AMONG OTHER THINGS.
WE NEED TO GIVE FAMILIES THE
CONFIDENCE THAT ILLEGAL MA NIP
HAITIAN, ILLEGAL FRAUD AND
ILLEGAL MARKET RIGGING ARE NOT
OF GAS.
THIS HOUSE CAN TAKE THE FIRST
STEP AND APPROVE THIS
THE AMENDMENT ALSO ENSURES THAT
NOTHING IN THE UNDERLYING BILL
ALLOWS, PROMOTES OR FACILITATES
HUNTING, FISHING OR OTHER
RECREATIONAL ACTIVITIES ON
FEDERAL LANDS.
MY AMENDMENT SIMPLY ENSURES
THAT THIS IS THE CASE.
I URGE MY COLLEAGUES TO SUPPORT
THEAMENT AND YIELD THE PLANS OF
MY TIME TO THE RANKING MEMBER
OF THE NATURAL RESOURCES
COMMITTEE, MR. MARKEY.
I THANK THE
GENTLEMAN.
THE RAISE -- RISE IN GAS PRICES
IS NOT ABOUT OPAW MA, IT'S
ABOUT OPEC, OIL COMPANIES AND
WALL STREET SPECULATORS.
WALL STREET SPECULATORS NOW
CONTROL NEARLY 2/3 OF THE OIL
MARKET UP FROM 11% JUST 10
YEARS AGO.
MORDEPAN STANLEY NOW CONTROLS
15% OF NEW ENGLAND'S HOME
HEATING OIL.
AND EXPERTS TELL US AS MUCH AS
25% OF THE PRICE OF OIL IS THE
RESULT OF EXCESSIVE
SPECULATION.
THAT MEANS AMERICAN DRIVERS ARE
PAYING A WALL STREET
SPECULATION TAX OF MORE THAN 70
CENTS ON EVERY GALLON OF
GASOLINE.
WALL STREET SPECULATORS HAVE
TURNED OIL MARKET INTOSS A
CRUDE OIL CASINO, YET THE
ACTUALLY TRIED TO CUT
FUNDING FOR OUR WALL STREET
COPS, THE COMMODITY FUTURES
TRADING COMMISSION, BY $30
MILLION AND TODAY MITT ROMNEY
CALLED THE ADMINISTRATION'S
EFFORTS TO CRACK DOWN ON
SPECULATION A GIMMICK.
FOR PRO-- THEY'RE PROTECTING
WALL STREET CONSUMERS -- --
PROTECTING MAIN STREET
CONSUMERS OVER WALL STREET
CONSUMERS ISN'T A GIMMICK, IT
SHOULD BE A FIVEN THIS MOTION
WILL GIVE THE CFTC, THE
SPECULATION COPS, THE RESOURCES
AND PERSONNEL THEY NEED TO PUT
AN END TO WALL STREET'S GAS
LEAN GAMBLING.
VOTE AYE ON THE TIERNEY MOTION
TO CRACK DOWN ON WALL STREET
SPECULATION AND PROTECT MAIN
STREET CONSUMERS.
VOTE AYE ON THE TIERNEY
RECOMMIT.
FOR
WHAT PURPOSE DOES THE GENTLEMAN
RECOGNITION?
I WITHDRAW MY
RESERVATION.
OF ORDER WITHDRAWN.
I RISE IN
OPPOSITION TO THE MOTION TO
RECOMMIT.
THE
MINUTES.
MR. SPEAKER, A
WEEK OR SO AGO, I SAID HISTORY
REPEATS ITSELF AND I SAID IT IN
THE CONTEXT THAT WE KEEP HEARING
THE SAME ARGUMENTS OVER AND OVER
AND OVER AGAIN AND HISTORY
REPEATS ITSELF IT SEEMS LIKE
EVERY WEEK.
HERE WE ARE BACK FROM THE
DISTRICT WORK PERIOD AND HISTORY
IS REPEATING ITSELF ALL OVER.
WE ARE TALKING ABOUT ENERGY BUT
ABOUT THE WRONG SOLUTION.
THE REASON WE HAVE AN ENERGY
PROBLEM IN THIS COUNTRY IS
BECAUSE OF THE POLICIES OF THIS
IT IS SO SIMPLE.
WE SAID OVER AND OVER, IN FACT,
LAST YEAR, WE ADDRESSED THE
ISSUE OF TRYING TO INCREASE
ENERGY SUPPLY, AMERICAN ENERGY
TO CREATE AMERICAN ENERGY JOBS.
UNFORTUNATELY, ONLY A FEW ON
THAT SIDE VOTED WITH US.
NOW THE OTHER SIDE IS STARTING
TO GET IT.
ENERGY MATTERS IN THIS COUNTRY.
WE NEED TO DEVELOP OUR AMERICAN
ENERGY.
THIS IS HISTORY REPEATING
ITSELF.
VOTE NO ON THE MOTION TO
AND I YIELD BACK MY TIME.
WITHOUT
OBJECTION, THE PREVIOUS QUESTION
THE QUESTION IS ON THE MOIGS TO
RECOMMIT.
THOSE IN FAVOR SAY AYE.
THOSE OPPOSED, NO.
THE NOES HAVE IT AND THE MOTION
IS NOT ADOPTED.
I ASK FOR A RECORDED
VOTE SO WE CAN RECORD WHO IS
GOING TO WORK FOR THE
SPECULATORS.
A
VORDED VOTE IS REQUESTED.
THOSE IN SUPPORT OF A RECORDED
VOTE WILL RISE.
A SUFFICIENT NUMBER HAVING
THEIR VOTES BY ELECTRONIC
DEVICE.
THIS IS A 15-MINUTE VOTE.
[CAPTIONING MADE POSSIBLE BY THE
NATIONAL CAPTIONING INSTITUTE,
INC., IN COOPERATION WITH THE
UNITED STATES HOUSE OF
ANY USE OF THE CLOSED-CAPTIONED
COVERAGE OF THE HOUSE
PROCEEDINGS FOR POLITICAL OR
COMMERCIAL PURPOSES IS EXPRESSLY
REPRESENTATIVES.]
ON
THIS VOTE, THE YEAS ARE 160,
THE NAYS ARE 261, THE MOTION IS
NOT ADOPTED.
THE QUESTION IS ON PASSAGE OF
THE BILL.
THOSE IN FAVOR SAY AYE.
THOSE OPPOSED, NO.
THE AYES HAVE IT.
THE BILL IS ADOPTED.
THE GENTLEMAN FROM
MASSACHUSETTS.
I REQUEST THE YEAS
AND NAYS --
I REQUEST THE YEAS
AND NAYS.
THOSE
FAVORING A VOTE BY THE YEAS AND