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HAPPEN, AND I URGE MY
COLLEAGUES TO SUPPORT IT AND I
RESERVE THE BALANCE OF MY TIME.
RESERVES HER TIME.
GENTLEMAN FROM TEXAS SEEK
RECOGNITION?
I RISE TO CLAIM
TIME IN OPPOSITION.
THE GENTLEMAN IS
RECOGNIZED FOR FIVE MINUTES.
THANK YOU,
MADAM CHAIR.
THIS AGAIN, THE UNDERLYING
PIECE OF LEGISLATION IS A PIECE
OF LEGISLATIONES THAT --
LEGISLATION THAT IS DESIGNED TO
ENSURE THAT SMALL BUSINESSES
HAVE AN ON RAMP TO EQUITY
FINANCING INTO THE I.P.O.
MARKET.
AND LET'S RECALL, AGAIN, WHY
ARE WE SEEING SO FEW I.P.O.'S,
WHY ARE WE CONTINUING IN THIS
8%-PLUS UNEMPLOYMENT
ENVIRONMENT FOR OVER THREE
YEARS, THE LONGEST PERIOD OF
SUSTAINED HIGH UNEMPLOYMENT
SINCE THE GREAT DEPRESSION?
WHILE I LISTEN CLOSELY TO THE
BUSINESS PEOPLE IN THE FIFTH
CONGRESSIONAL DISTRICT OF
TEXAS, I LISTEN TO OUR JOB
CREATORS AROUND AMERICA AND
HERE'S WHAT I HEAR, JOHN
MARKEY, C.E.O. OF WHOLE FOODS
MARKET, QUOTE, IN SOME CASES
REGULATIONS HAVE GONE TOO FAR
AND IT REALLY MAKES IT
DIFFICULT FOR SMALL BUSINESSES.
THERE'S TOO MUCH BUREAUCRACY
AND RED TAPE.
TAXES ON BUSINESS ARE VERY
HIGH, SO WE'RE NOT CREATING AND
ENABLING CONDITIONS THAT ALLOW
BUSINESSES TO GET STARTED.
WE'RE TRYING TO CUT AWAY RED
TAPE WITH THIS JOBS ACT.
ANDREW PUTZER, C.E.O., P.K.E.
RESTAURANTS.
QUOTE, GOVERNMENT JUST
UNDERSTAND HOW MUCH UNCERTAINTY
IT CREATES IN THE ECONOMY WHEN
IT ATTEMPTS TO REGULATE WHAT
THE PRIVATE SECTOR DOES.
AND IT REALLY DOESN'T
WHAT THE PRIVATE
SECTOR DOES.
BERNIE MARCUS, CO-FOUNDER,
FORMER C.E.O. OF HOME DEPOT,
QUOTE, HAVING BUILT A SMALL
BUSINESS INTO A BIG ONE, I CAN
TELL YOU THAT TODAY THE
IMPEDIMENTS THAT THE GOVERNMENT
IMPOSES ARE ALMOST IMPOSSIBLE
TO DEAL WITH.
HOME DEPOT WOULD HAVE NEVER
SUCCEEDED IF WE TRIED TO START
IT TODAY.
LET ME REPEAT THAT, MADAM
HOME DEPOT WOULD HAVE NEVER
SUCCEEDED IF WE TRIED TO START
EVERY DAY YOU SEE RULES AND
REGULATIONS FROM A GROUP OF
WASHINGTON BUREAUCRATS WHO KNOW
NOTHING ABOUT RUNNING A
AND I MEAN EVERY DAY.
IT'S BECOME STIFLING.
IF YOU'RE A SMALL BUSINESSMAN,
THE ONLY WAY TO DEAL WITH IT IS
TO WORK HARDER, PUT IN MORE
HOURS AND LET PEOPLE GO.
WHEN YOU CONSIDER THAT
SOMETHING LIKE 70% OF THE
AMERICAN PEOPLE WORK FOR SMALL
BUSINESSES, YOU ARE TALKING
ABOUT A BIG ECONOMIC IMPACT.
VOICES, MADAM CHAIR,
FROM AMERICA'S JOB CREATORS.
AGAIN, IT'S NOT A REAL SECRET
WHY WE'VE HAD A DIRT OF
I.P.O.'S.
SO I UNDERSTAND THE
GENTLELADY'S AMENDMENT IS TO
HAVE THE S.E.C. ISSUE A REPORT.
NUMBER ONE, I WOULD ALSO NOTE,
SINCE WE ARE PUBLIC FILINGS, WE
WOULD HAVE NO UNDERSTANDING HOW
MANY COMPANIES WILL GO PUBLIC
IN THE NEXT YEAR.
AND I UNDERSTAND THE
GENTLELADY'S ARGUMENT.
I RESPECT THAT BUT, AGAIN, IT'S
JUST ONE MORE REPORTING BURDEN
THAT FRANKLY IS BEING PLACED ON
THE S.E.C.
NOW, WE'VE HAD A DEBATE ON THE
RANKING MEMBER'S BROUGHT UP
MANY TIMES, HE'S UNHAPPY WITH
THE LEVEL OF FUNDING THAT THE
S.E.C. HAS RECEIVED.
IN FACT, I WOULD NOTE, HOWEVER,
EVEN THE PRESIDENT OF THE
UNITED STATES IN HIS BUDGET IS
NOT TRYING TO GIVE THE S.E.C.
HAVE REQUESTED.
WHAT THE RANKING MEMBER HAS
SAID, FIRST OF ALL, STUDIES ARE
NOT DONE FOR FREE BY THE S.E.C.
I THINK WE HAVE GOT A FURTHER
BURDENING OF THE S.E.C. WITH
MORE WORK.
GIVEN THE CURRENT DECISION TO
RESTRICT S.E.C. FUNDING, I
WOULD BE MUCH MORE CAREFUL
ABOUT BURDENING THEM WITH
STUDIES WHICH WILL COME AT THE
EXPENSE OF MORE IMPORTANT
SO, AGAIN, IT'S A DEBATE THAT
THE S.E.C. HAVE THE RIGHT
AMOUNT OF RESOURCES.
TOO MUCH, TOO MANY, I DON'T
KNOW.
THAT'S A LEGITIMATE DEBATE.
BUT APPARENTLY HE THOUGHT
STRONGLY ENOUGH THAT WE SHOULD
NOT BE FURTHERING THE S.E.C.
WITH FURTHER BURDENS AT THIS
TIME.
AND FOR ALL THOSE REASONS I
WOULD URGE WE DEFEAT THE
AMENDMENT, AND I RESERVE THE
BALANCE OF MY TIME.
RESERVES.
THE GENTLELADY FROM CALIFORNIA.
MADAM CHAIRWOMAN, I
YIELD MYSELF THE BALANCE OF THE
RECOGNIZED.
AS I SAID
INITIALLY, THIS AMENDMENT IS
SIMPLE AND IT'S
STRAIGHTFORWARD.
IT SIMPLY ENSURES THAT THE
PROVISIONS OF THE BILL ARE
ACTUALLY HELPING SMALL
BUSINESSES GROW AND HIRE MORE
WORKERS.
IT'S AN AMENDMENT ABOUT
OVERSIGHT AND ACCOUNTABILITY,
AND IT FOCUSES ESPECIALLY ON
THE MANUFACTURERS AND HIGH-TECH
INNOVATORS THAT ARE SO CRITICAL
TO FUTURE ECONOMIC GROWTH.
AND I WOULD YIELD -- HOW MUCH
TIME REMAINS ON OUR SIDE?
REMAINING.
BALANCE OF MY TIME TO MY
RANKING MEMBER.
I APPRECIATE THE
GENTLEMAN FROM TEXAS
SELECTIVELY QUOTING ME AND I DO
NOT WANT TO PILE ON STUDIES BUT
THIS ONE MAKES A GREAT DEAL OF
SENSE.
EXPIRED.
THE GENTLEMAN FROM TEXAS.
THANK YOU,
MADAM CHAIRMAN.
REMAINING?
THE GENTLEMAN FROM
TEXAS HAS ONE MINUTE REMAINING.
THANK YOU,
MADAM CHAIR, I YIELD MYSELF THE
BALANCE OF THE TIME.
RECOGNIZED.
IN OUR REASONS,
I THINK WE SHOULD OPPOSE THIS
AMENDMENT.
I DON'T THINK HOW MUCH WE ARE
GOING TO LEARN IN ONE YEAR.
WE DIDN'T GET INTO THIS
TERRIBLE ENVIRONMENT OF HIGH
UNEMPLOYMENT OVERNIGHT.
FRANKLY, IT TOOK THREE YEARS OF
THE BURDENS THAT THIS
SMALL BUSINESSES.
I DON'T KNOW IF WE'RE GOING TO
GET OUT OF IT OVERNIGHT.
SO NUMBER ONE, I DON'T BELIEVE
THAT ONE YEAR'S PARTICULARLY
HELPFUL.
BUT, AGAIN, WE CAN HAVE A
DEBATE ABOUT THE ROOT CAUSES.
WE'RE ALREADY GOING TO KNOW,
WE'RE ALREADY GOING TO KNOW
WHICH COMPANIES GO PUBLIC.
AND AT SOME POINT IN TIME YOU
HAVE TO SEE, ARE THE BENEFITS
TO BE DERIVED FROM THE REPORT,
FROM THE REGULATION WORTH THE
COST?
I SIMPLY DON'T SEE IT, MADAM
CHAIR.
THE AMENDMENT.
TIME.
THE QUESTION IS ON
THE AMENDMENT OFFERED BY THE
GENTLELADY FROM CALIFORNIA.
AND THOFERSE IN FAVOR WILL
SIGNIFY BY SAYING AYE.
THOSE OPPOSED, NO.
IN THE OPINION OF THE CHAIR,
THE NOES HAVE IT.
THE AMENDMENT IS NOT ADOPTED.
MADAM CHAIR.
THE GENTLELADY FROM
CALIFORNIA.
I RESPECTFULLY ASK
FOR A RECORDED VOTE.
A RECORDED VOTE IS
REQUESTED.
A SUFFICIENT NUMBER HAVING
ARISEN, FURTHER PROCEEDINGS ON
THE AMENDMENT OFFERED BY THE
GENTLELADY FROM CALIFORNIA WILL
BE POSTPONED.
IT IS NOW IN ORDER TO CONSIDER
AMENDMENT NUMBER 17 PRINTED IN
HOUSE REPORT 112-409.
FOR WHAT PURPOSE DOES THE
GENTLEMAN FROM IOWA SEEK
RECOGNITION?
AMENDMENT AT THE DESK.
THE CLERK WILL
DESIGNATE THE AMENDMENT.
AMENDMENT NUMBER 17
PRINTED IN HOUSE REPORT 112-409
OFFERED BY MR. LOEBSACK OF
IOWA.
PURSUANT TO HOUSE
RESOLUTION 572, THE GENTLEMAN
FROM IOWA, MR. LOEBSACK, AND A
MEMBER OPPOSED, WILL EACH
CONTROL FIVE MINUTES.
AND THE CHAIR NOW RECOGNIZES
THE GENTLEMAN FROM IOWA.
YUME.
RECOGNIZED.
I FIRST WANT TO
THANK CONGRESSMAN FINCHER AND
THE FINANCIAL SERVICES
PACKAGE FURTHER.
I AM GLAD THAT THE HOUSE IS
TAKING THE FIRST STEP TO HELP
SMALL BUSINESSES AND I HOPE THE
HOUSE WILL TAKE UP ADDITIONAL
LEGISLATION TO CREATE JOBS.
AS ANY IOWA FAMILY CAN TELL
YOU, OUR NATION IS RECOVERING
FROM THE WORST RECESSION SINCE
THE GREAT DEPRESSION AND
CONGRESS' FOCUS MUST BE ON
JOBS.
OUR UNEMPLOYMENT RATE IS STILL
PAINFULLY HIGH AND HAS BEEN A
LONG-TERM PROBLEM FOR MILLIONS
OF AMERICANS AND THOUSANDS OF
WE NEED TO BE WORKING ON
LEGISLATION TO BOOST OUR
ECONOMY AND HELPING OUR SMALL
BUSINESSES FLOURISH IS AN
IMPORTANT STEP IN THAT
THIS IS WHY I'M OFFERING THIS
AMENDMENT TO ENSURE PROVISIONS
OF THIS LEGISLATION ARE MADE
WIDELY AVAILABLE AND
PARTICULARLY TO WOMEN-OWNED,
VETERAN-OWNED AND MINORITY
OWNED BUSINESSES TO MAKE SURE
THEY ARE INFORMED WITH CHANGES
THAT MIGHT HELP.
SMALL BUSINESSES WILL BE
LEADERS IN HELPING OUR COUNTRY
CLIMB OUT OF THE RECESSION.
I'M HOME EVERY WEEKEND IN IOWA
AND I HEAR TIME AND AGAIN THE
TWO BIG PROBLEMS SMALL
BUSINESSES FACE IS ACCESS TO
CAPITAL AND FINDING SKILLED
WORKERS.
IN ORDER FOR THIS BILL TO BE
EFFECTIVE, SMALL AND MEDIUM
BUSINESSES MUST BE AWARE OF THE
NEW OPPORTUNITIES THEY WILL
HAVE TO EXPAND THEIR BUSINESS
AND RAISE CAPITAL.
THIS WILL BE PARTICULARLY
IMPORTANT FOR THE SEGMENT OF
BUSINESSES I AM TARGETING IN MY
AMENDMENT -- WOMEN-OWNED,
VETERAN-OWNED AND MINORITY
OWNED BUSINESSES.
SPECIFICALLY, MY AMENDMENT
WOULD REQUIRE THE SECURITIES
AND EXCHANGE COMMISSION TO
PROVIDE INFORMATION ONLINE AND
ALSO CONDUCT OUTREACH TO THESE
BUSINESSES TO HELP THEM UTILIZE
THE CHANGES MADE THROUGH THIS
LEGISLATION.
ESPECIALLY SINCE IT IS WOMEN'S
HISTORY MONTH, THERE'S NO
BETTER TIME TO HIGHLIGHT THE
IMPORTANCE OF WOMEN-OWNED
BUSINESSES TO OUR ECONOMY.
IT'S ESTIMATED THERE ARE OVER
EIGHT MILLION WOMEN-OWNED
BUSINESSES IN THE UNITED
STATES, GENERATING NEARLY $1.3
TRILLION IN REVENUE AND
PEOPLE.
WOMEN-OWNED BUSINESSES ACCOUNT
FOR NEARLY 36% OF U.S. FIRMS
AND GROWING IN NONTRADITIONAL
AREAS AS WELL.
ESPECIALLY IN THESE TOUGH
ECONOMIC TIMES THAT ARE
WEIGHING HEAVILY ON OUR
VETERANS AND THEIR FAMILIES, IT
IS ALSO ESSENTIAL THAT WE AS A
NATION DO ALL WE CAN TO ENSURE
NO MAN OR WOMAN WHO HAS SERVED
OUR COUNTRY IN UNIFORM SHOULD
HOME.
VETERANS BRING TO THE TABLE
MANY OF THE SKILLS NECESSARY TO
RUN A SMALL BUSINESS AS WELL
AND TO BE LEADERS IN THEIR
COMMUNITY.
VETERANS OWN 2.4 MILLION
BUSINESSES GENERATED OVER $1
TRILLION IN RECEIPTS AND
EMPLOYED NEARLY SIX MILLION
PEOPLE.
MINORITY BUSINESSES EMPLOY
NEARLY SIX MILLION PEOPLE WITH
$864 BILLION IN RECEIPTS.
ALL SMALL BUSINESS OWNERS ARE
IMPORTANT WHICH IS WHY THERE IS
A REQUIREMENT IN MY AMENDMENT
TO POST INFORMATION ABOUT
ADVANTAGES CHANGES IN THIS BILL
MIGHT OFFER ON THE S.E.C.
WEBSITE IN ADDITION TO
CONDUCTING OUTREACH FOR
WOMEN-OWNED, VETERAN-OWNED AND
MINORITY OWNED BUSINESSES.
THIS AMENDMENT DOES NOT SCORE,
ACCORDING TO THE NONPARTISAN
C.B.O., AND IT'S SIMPLY A
COMMONSENSE WAY TO ENSURE
EMPLOYERS WE ARE TRYING TO
TARGET IN THIS LEGISLATION ARE
ABLE TO USE THEIR NEW TOOLS TO
GROW OUR ECONOMY.
THESE NEW TOOLS, I SHOULD SAY,
TO GROW OUR ECONOMY AND CREATE
NEW JOBS.
I ASK FOR MY COLLEAGUES'
SUPPORT ON THIS COMMONSENSE
AMENDMENT AND I RESERVE THE
BALANCE OF MY TIME.
TIME.
GENTLEMAN FROM TEXAS SEEK
RECOGNITION?
I RISE TO CLAIM
TIME IN OPPOSITION ALTHOUGH I
AM NOT OPPOSED TO THE BILL.
WITHOUT OBJECTION,
THE GENTLEMAN IS RECOGNIZED FOR
I WANT TO THANK
THE GENTLEMAN FROM IOWA FOR
BRINGING THIS AMENDMENT TO THE
FLOOR.
I SUSPECT GIVEN THAT THE S.E.C.
ALREADY HAS A FAIRLY
COMPREHENSIVE WEBSITE THEY
PROBABLY WOULD HAVE DONE THE
PROPER JOB IN OUTREACH ON SMALL
BUSINESS ISSUES, BUT I THINK AS
IMPORTANT AS THE JOBS ACT IS,
THAT HIS AMENDMENT IS HELPFUL TO
THE UNDERLYING BILL.
I ALSO WANT TO THANK HIM FOR
WORKING WITH US TO TAILOR HIS
AMENDMENT TO THE UNDERLYING
BILL.
AGAIN IT IS MY EXPECTATION THAT
THE S.E.C. WOULD DO THIS JOB.
THIS WILL HELP ENSURE THAT ALL
THE BENEFITS OF THIS ACT WILL BE
KNOWN THROUGHOUT THE SMALL
BUSINESS COMMUNITY.
I URGE ADOPTION OF THE
GENTLEMAN'S AMENDMENT AND I
RESERVE THE BALANCE OF MY TIME.
THE GENTLEMAN
TIME.
THE GENTLEMAN FROM IOWA.
I WOULD LIKE TO
YIELD THE BALANCE OF MY TIME TO
THE GENTLEWOMAN FROM NEW YORK.
THE GENTLELADY FROM
NEW YORK IS RECOGNIZED FOR 1 1/2
MINUTES.
I THANK THE
GENTLEMAN FOR YIELDING AND
COMPLIMENT HIM ON HIS VERY
THOUGHTFUL AMENDMENT AND
APPRECIATE THE SUPPORT OF THE
OTHER SIDE OF THE AISLE.
THIS AMENDMENT IS AIMED AT
SUPPORTING THE GROWTH OF SMALL
AND MEDIUM-SIZED BUSINESSES, AND
EASING THE SOMETIMES DAUNTING
TASK OF FIGURING OUT JUST WHAT
NEW LEGISLATION WILL MEAN TO
THEM.
THIS AMENDMENT REQUIRES THE
S.E.C. TO PROVIDE ONLINE
INFORMATION AND PERHAPS MORE
IMPORTANTLY OUTREACH TO SMALL
AND MEDIUM-SIZED BUSINESSES.
BUSINESSES OWNED BY WOMEN,
MINORITIES, AND VETERANS.
IT IS WIDELY RECOGNIZED THAT
SUCH BUSINESSES FACE A UNIQUE
SET OF CHALLENGES.
WE SHOULD BE DOING EVERYTHING WE
CAN TO ENCOURAGING THEIR GROWTH
AND SUPPORTING THEIR SUCCESS.
AGAIN I COMPLIMENT THE HARD WORK
AND REALLY MEANINGFUL AMENDMENT
THAT MY FRIEND FROM THE GREAT
STATE OF IOWA HAS PUT FORTH.
I URGE UNANIMOUS SUPPORT OF IT
AND APPRECIATE THE SUPPORT OF
THE OTHER SIDE OF THE AISLE.
I YIELD BACK.
THE GENTLELADY YIELDS
BACK HER TIME.
THE GENTLEMAN FROM TEXAS.
MADAM CHAIRMAN,
HOW MUCH TIME DO I HAVE
REMAINING?
TEXAS HAS FOUR MINUTES
REMAINING.
I YIELD MYSELF
THE BALANCE OF THE TIME.
AGAIN I WISH TO URGE ADOPTION OF
THE GENTLEMAN'S AMENDMENT.
MADAM CHAIR I WOULD NOTE THIS IS
THE LAST AMENDMENT THAT WE WILL
BE DEBATING.
SO AGAIN I WANT TO USE THIS
OPPORTUNITY TO URGE ALL OF MY
COLLEAGUES TO SUPPORT THE JOBS
ACT.
WE AGAIN KNOW THAT JOCKS,
ECONOMIC GROWTH, THE STATE OF
OUR ECONOMY CONTINUES TO BE THE
MOST PRESSING ISSUE WE ARE
FACING IN THE NATION TODAY.
IT IS FOREMOST IN THE MINDS OF
OUR CONSTITUENTS.
I WANT TO THANK THE REPUBLICAN
LEADER, THE GENTLEMAN FROM
VIRGINIA, FOR HIS LEADERSHIP IN
BRINGING THIS EFFORT TO THE
FLOOR.
I CERTAINLY WANT TO THANK THE
CHAIRMAN OF THE FINANCIAL
SERVICES COMMITTEE, MR. BACHUS
OF ALABAMA, AND THE PRIME AUTHOR
OF THE LEGISLATION, THE
GENTLEMAN FROM TENNESSEE, MR.
FINCHER, WHO HAS BEEN VERY
ACTIVE IN THIS DEBATE.
I ALSO WANT TO THANK THE
REPRESENTATIVES, MY COLLEAGUES
FROM THE OTHER SIDE OF THE
AISLE, TO WORKING WITH US AGAIN.
IT IS CHALLENGING, MOST
CHALLENGING TO FIND AREAS OF
CONSENSUS.
MOST CHALLENGING TO FIND THE
ABILITY TO MOVE BIPARTISAN
LEGISLATION.
I THINK THIS IS A DAY, A MOMENT
THAT CAN BE CELEBRATED BY ALL
MEMBERS.
IT CERTAINLY DOESN'T DO WHAT WE
WOULD TOTE TALLY LIKE DONE ON
OUR SIDE OF THE AISLE -- TOTALLY
LIKE DONE ON OUR SIDE OF THE
AISLE AND I'M SURE MY FRIENDS ON
THE OTHER SIDE OF THE AISLE HAVE
THE SAME THING TO SAY.
BUT IT IS A STEP IN THE RIGHT
DIRECTION FOR ALLOWING MORE
START-UPS TO ACCESS EQUITY
CAPITAL TO CREATE MORE JOBS FOR
A NATION IN DESPERATE NEED OF
MORE JOB GROWTH AND MORE
ECONOMIC GROWTH.
AGAIN, WE KNOW THE PRESIDENT IN
HIS STATEMENT OF ADMINISTRATIVE
POLICY HAS INDICATED A DESIRE TO
SIGN THIS PIECE OF LEGISLATION,
AND I LOOK FORWARD TO THE
PRESIDENT HAVING THAT
OPPORTUNITY.
I HOPE IT IS NOT OUR LAST
OPPORTUNITY TO WORK ON A
BIPARTISAN BASIS IN THIS
CONGRESS AND IN THIS YEAR.
BUT IT IS CERTAINLY A GOOD START
AND SOMETHING THAT I BELIEVE THE
AMERICAN PEOPLE WILL CELEBRATE.
AND AGAIN I WANT TO URGE
ADOPTION OF THE GENTLEMAN'S
AMENDMENT.
I WANT TO URGE ALL MY COLLEAGUES
TO SUPPORT THE BILL AND LET'S
FIND WAYS TO GROW THIS ECONOMY
AND GET AMERICA BACK TO WORK.
I YIELD BACK THE BALANCE OF MY
TIME.
THE
GENTLEMAN FROM TEXAS YIELDS BACK
THE BALANCE OF HIS TIME --
THE GENTLEMAN FROM
TEXAS YIELDS BACK HIS TIME.
THE GENTLEMAN FROM IOWA HAS 30
SECONDS REMAINING IF HE WOULD
I DO APPRECIATE
THE SUPPORT FROM THE OTHER SIDE
OF THE AISLE ON THIS AMENDMENT.
I CONCUR WITH MY COLLEAGUE FROM
TEXAS IN HIS SENTIMENT THAT THE
AMERICAN PEOPLE WANT US TO WORK
TOGETHER TO GET AMERICA BACK TO
WORK AGAIN.
THAT'S WHAT I'M HEARING WHEN I'M
HOME EVERY WEEKEND IN MY
I APPRECIATE THE SUPPORT FROM
THE GENTLEWOMAN FROM NEW YORK AS
WELL.
HOPEFULLY THIS IS THE BEGINNING
OF SOMETHING BIGGER WHERE WE CAN
WORK ACROSS THE AISLE, GET
AMERICA BACK TO WORK, GET THIS
ECONOMY BACK ON TRACK.
TIME.
THE GENTLEMAN YIELDS
BACK THE BALANCE OF HIS TIME.
THE QUESTION IS ON THE AMENDMENT
OFFERED BY THE GENTLEMAN FROM
SO MANY AS ARE IN FAVOR SAY AYE.
THOSE OPPOSED, NO.
IN THE OPINION OF THE CHAIR, THE
THE AYES HAVE IT.
THE AMENDMENT IS AGREED TO.
FOR WHAT PURPOSE DOES THE
GENTLEMAN FROM TEXAS SEEK
RECOGNITION?
I MOVE THE
THE
THE QUESTION IS ON
THE MOTION THAT THE COMMITTEE
THOSE OPPOSED, NO.
THE AYES HAVE IT.
THE AYES HAVE IT.
IS ADOPTED.
ACCORDINGLY THE COMMITTEE RISES.
MR. SPEAKER, THE
COMMITTEE OF THE WHOLE HOUSE ON
THE STATE OF THE UNION HAVING
HAD UNDER CONSIDERATION H.R.
3606 DIRECTS ME TO REPORT IT HAS
COME TO NO RESOLUTION THEREON.
THE
CHAIR OF THE COMMITTEE OF THE
WHOLE HOUSE ON THE STATE OF THE
UNION REPORTS THAT THE COMMITTEE
HAS UNDER CONSIDERATION H.R.
3606 AND HAS COME TO NO
RESOLUTION THEREON.
THE CHAIR LAYS BEFORE THE HOUSE
A COMMUNICATION.
THE HONORABLE THE
SPEAKER, HOUSE OF
REPRESENTATIVES.
SIR, PURSUANT TO THE PERMISSION
GRANTED IN CLAUSE 2-H OF RULE 2
OF THE RULES OF THE U.S. HOUSE
OF REPRESENTATIVES THE CLERK
RECEIVED THE FOLLOWING MESSAGE
THE SECRETARY OF THE SENATE
ON MARCH 8, 2012, AT 9:34 A.M.
THAT THE SENATE PASSED SENATE
1855.
WITH BEST WISHES I AM, SIGNED
SINCERELY, KAREN L. HAAS.
PURSUANT TO CLAUSE 12-OF RULE 1,
THE CHAIR DECLARES THE HOUSE IN
RECESS UNTIL APPROXIMATELY 11:45
A.M. TODAY.
BILL MEANT TO FREE UP MORE
CAPITAL TO SMALL AND
MEDIUM-SIZED COMPANIES.