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X
ON THIS VOTE --
ON THIS VOTE THE YEAS
ARE 168.
253.
THE AMENDMENT IS NOT ADOPTED.
THE QUESTION IS ON THE COMMITTEE
AMENDMENT IN THE NATURE OF A
SUBSTITUTE AS AMENDED.
THOSE IN FAVOR SAY AYE.
THOSE OPPOSED, NO.
THE AYES HAVE IT.
THE AMENDMENT IS ADOPTED.
ACCORDINGLY UNDER THE RULE THE
COMMITTEE RISES.
IS
THE COMMITTEE OF THE
WHOLE HOUSE ON THE STATE OF THE
UNION HAS UNDER CONSIDERATION
H.R. 2842 AND PURSUANT TO HOUSE
RESOLUTION 560, REPORT THE BILL
BACK TO THE HOUSE WITH AN
AMENDMENT ADOPTED IN THE
COMMITTEE OF THE WHOLE.
THE
CHAIR OF THE COMMITTEE OF THE
WHOLE HOUSE ON THE STATE OF THE
UNION REPORTS THAT THE COMMITTEE
HAS UNDER CONSIDERATION THE BILL
H.R. 2842, AND PURSUANT TO HOUSE
RESOLUTION 470 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.
IS A SEPARATE VOTE DEMANDED ON
THE AMENDMENT TO THE AMENDMENT
REPORTED FROM THE COMMITTEE OF
THE WHOLE?
IF NOT, THE QUESTION IS ON
ADOPTION OF THE COMMITTEE
AMENDMENT IN THE NATURE OF A
SUBSTITUTE AS AMENDED.
THOSE IN FAVOR WILL SIGNIFY BY
SAYING AYE.
THOSE OPPOSED, NO.
THE AYES HAVE IT.
THE AMENDMENT IS AGREED TO.
THE QUESTION IS ON ENGROSSMENT
AND THIRD READING OF THE BILL.
THOSE IN FAVOR WILL SIGNIFY BY
SAYING AYE.
THOSE OPPOSED, NO.
THE AYES HAVE IT.
THIRD READING.
A BILL TO AUTHORIZE
ALL BUREAU OF RECLAMATION
CONDUIT FACILITIES FOR
HYDROPOWER DEVELOPMENT UNDER
FEDERAL RECLAMATION LAW, AND FOR
OTHER PURPOSES.
FOR
WHAT PURPOSE DOES THE GENTLEMAN
FROM CALIFORNIA RISE?
I HAVE A MOTION
AT THE DESK.
IS THE
GENTLEMAN OPPOSED TO THE BILL?
IN ITS PRESENT
FORM, YES.
GENTLEMAN QUALIFIES.
THE CLERK WILL REPORT THE
MR. GIRA MENDY OF
CALIFORNIA MOVES TO RECOMMIT THE
BILL H.R. 2842 TO THE COMMITTEE
ON NATURAL RESOURCES WITH
INSTRUCTIONS TO REPORT THE SAME
BACK TO THE HOUSE FORTHWITH WITH
THE FOLLOWING AMENDMENT, AT THE
END OF THE BILL ADD THE
FOLLOWING, SECTION 3, MAKE IT IN
ANY LEASE OR POWER PRIVILEGE
OFFERED PURSUANT TO THIS ACT OR
AMENDMENTS MADE BY THIS ACT
SHALL REQUIRE THAT ALL MATERIAL
USED FOR CONDUIT HYDROPOWER
GENERATION BE MANUFACTURED IN
THE UNITED STATES.
THE
HOUSE WILL BE IN ORDER.
MEMBERS WILL PLEASE TAKE THEIR
CONVERSATIONS OFF THE FLOOR.
THE GENTLEMAN FROM CALIFORNIA IS
THANK YOU, MR.
SPEAKER.
MR. SPEAKER, MY COLLEAGUES,
THOSE OF YOU THAT ARE ADDICTED
TO LATE NIGHT C-SPAN, YOU MAY
HAVE NOTICED THIS PLACARD WHICH
WE HAVE USED FOR THE LAST YEAR.
NOT ADDICTED TO LATE
NIGHT C-SPAN, THEN LET ME INFORM
YOU WHAT THIS IS ALL ABOUT.
THIS IS ABOUT REBUILDING THE
AMERICAN MANUFACTURING SECTOR.
MR. SPEAKER, THE HOUSE IS NOT
IN ORDER.
THE
HOUSE WILL BE IN ORDER.
MEMBERS ARE ENCOURAGED TO TAKE
THEIR CONVERSATIONS OFF THE
FLOOR.
THANK YOU --
SPEAKER.
IF AMERICA IS GOING TO MAKE IT,
THEN WE MUST ONCE AGAIN MAKE IT
IN AMERICA.
AND THIS IS ABOUT GOVERNMENT
POLICY.
THIS IS ABOUT THE POLICIES THAT
YOU AND I HAVE THE OPPORTUNITY
TO MAKE HERE IN AMERICA SO THAT
THIS GREAT NATION CAN ONCE AGAIN
BECOME THE GREAT MANUFACTURING
WORLD.
NONE OF US --
GENTLEMAN WILL SUSPEND.
THE HOUSE WILL BE IN ORDER.
IS THERE ANY ONE
OF US IN THIS ROOM THAT WANTS TO
CONCEDE AMERICAN MANUFACTURING
TO CHINA, TO ANY OTHER PLACE IN
THE WORLD?
IS THERE ONE OF US IN THIS WORLD
THAT'S WILLING TO GIVE UP THE
OPPORTUNITY FOR THIS NATION TO
ONCE AGAIN BE THE PRIDE OF THIS
WORLD WHEN IT COMES TO MAKING
THINGS?
GENTLEMEN AND LADIES, IT'S ALL
ABOUT POLICY.
IT'S ABOUT THE POLICY THAT WE
WRITE HERE IN THE HALLS OF
IT'S ABOUT HOW WE STRUCTURE OUR
TAX POLICY, HOW WE STRUCTURE OUR
EMPLOYMENT POLICY, OUR
IT'S ABOUT THE LAWS THAT WE
MAKE.
DON'T THINK THIS IS INDUSTRIAL
THAT'S NEW.
IT'S NOT.
GEORGE WASHINGTON TURNED TO HIS
SECRETARY OF TREASURY AND TOLD
I WANT AN
INDUSTRIAL POLICY FOR AMERICA
AND HAMILTON CAME BACK WITH
EIGHT SPECIFIC THINGS THAT
NEEDED TO BE DONE AT THE VERY
BIRTH OF THIS NATION TO BUILD
THE AMERICAN MANUFACTURING
SECTOR.
AND FROM THAT START --
THE
GENTLEMAN WILL SUSPEND.
I'M HAVING TROUBLE HEARING
HIM BECAUSE THE MEMBERS ARE
TALKING.
THE
GENTLEMAN DESERVES TO BE HEARD.
THIS IS AN IMPORTANT ISSUE.
THE HOUSE WILL BE IN ORDER.
THANK YOU, MR.
SPEAKER.
MR. HOYER, THANK YOU, THROUGH
THE CHAIR.
THANK YOU.
SO, GEORGE WASHINGTON SET OUT AN
INDUSTRIAL POLICY PUT IN PLACE
LAWS TO BUILD THE GREAT -- START
OF THE GREAT AMERICAN
MANUFACTURING RENAISSANCE.
BUT LET'S LOOK WHAT HAPPENED.
NOT A HAPPY CHART.
THIS CHART'S ABOUT THE DECLINE.
BEGINNING IN THE 1970'S WE BEGAN
TO SEE THE DECLINE OF AMERICAN
MANUFACTURING AS POLICIES THAT
WERE WRITTEN BY THIS HOUSE, BY
THE SENATE, SIGNED BY
PRESIDENTS, DEMOCRAT AND
REPUBLICAN, CHANGE THE
GROUNDWORK UPON WHICH OUR
MANUFACTURING SECTOR COULD BE
BUILT.
AND SO WE BEGAN THE DECLINE FROM
19,000, ALMOST 20 MILLION
AMERICANS, CALIFORNIANS --
THE
GENTLEMAN WILL SUSPEND.
I WOULD ASK THE
GENTLEMAN TO SUSPEND UNTIL THE
HOUSE BECOMES IN ORDER AND STAYS
IN ORDER.
I THANK THE
GENTLEMAN.
THE
GENTLEMAN IS RECOGNIZED.
25 YEARS AGO 20
MILLION AMERICANS WERE IN THE
MANUFACTURING SECTOR.
25 YEARS AGO THE AMERICAN MIDDLE
CLASS WAS STRONG AND VIBRANT AND
GROWING, PROSPEROUS, ABLE TO OWN
A HOME, ABLE TO TAKE CARE OF
VACATION,
25 YEARS AGO.
TODAY JUST OVER 11 MILLION
AMERICANS ARE IN THE
MANUFACTURING SECTOR.
AND IF YOU WERE TO CHART WHERE
THE MIDDLE CLASS IS IN AMERICA,
IT FOLLOWS ALMOST EXACTLY THIS
SAME CURVE DOWNWARD.
WE HAVE AN OPPORTUNITY TODAY TO
DO ONE SMALL THING, ONE SMALL
THING TO PUT IN PLACE A POLICY
THAT WILL ONCE AGAIN LEAD US
BACK TO MAKING IT IN AMERICA,
BACK TO REBUILDING OUR
MANUFACTURING SECTOR.
AND WE CAN DO IT HERE WITH THIS
AMENDMENT THAT I PROPOSED.
IT'S NOT GOING TO SOLVE ALL THE
PROBLEMS AND IT'S NOT GOING TO
EMPLOY MILLIONS, BUT IF YOU
HAPPEN TO LIVE IN NEW MEXICO,
YOU MAY WANT TO KNOW THAT THE
ELEPHANT BEAUTY IRRIGATION --
BUTTE IRRIGATION DISTRICT HAS A
SMALL HYDROFACILITY AND ABLE TO
BUILD IN AMERICA A
HYDROFACILITY.
THEY COBBLED IT TOGETHER ON
THEIR OWN.
IF YOU HAPPEN TO BE FROM
WASHINGTON, SPECIFICALLY DENING,
WASHINGTON, YOU MAY KNOW THAT
THE CANYON HYDROBUILDS SMALL
HYDROPROJECTS AND PROGRAMS AND
MATERIALS.
IF YOU HAPPEN TO BE FROM
ALAMEDA, CALIFORNIA, LISTEN UP,
MY 52 OTHER CALIFORNIANS, NITEL
ENERGY BUILDS SMALL HYDROS.
IF YOU'RE FROM OHIO, MUCH
DISCUSSED THESE LAST COUPLE
HYDROS.
WE CAN MAKE IT IN AMERICA.
THIS AMENDMENT SIMPLY SAYS THAT
ANY COMPANY THAT APPLIES FOR ONE
OF THESE SMALL HYDROPROJECTS
MUST USE AMERICAN MADE
EQUIPMENT.
MUST USE AMERICAN MADE
EQUIPMENT.
THIS IS HOW WE REBUILD AMERICAN
MANUFACTURING SECTOR.
PIECE BY PIECE, LAW BY LAW, LAWS
LIKE THIS THAT REQUIRE IN THE
PUBLIC WORKS THAT WE BUY
AMERICA, THAT WE BUILD AMERICA,
AND THAT WE RETURN THE GREAT
AMERICAN MIDDLE CLASS BACK TO
WHERE IT SHOULD BE, AT THE TOP
OF THE HEAP NOT AT THE BOTTOM
AND NOT DECLINING.
SO, GENTLEMEN AND LADIES, IT'S
UP TO US.
THIS IS OUR POLICY OPPORTUNITY.
IN ONE SMALL WAY, IN ONE SMALL
HYDROPROJECT, TO SIMPLY SAY, DO
IT.
BUT USE AMERICAN-MADE EQUIPMENT.
WE CAN ONCE AGAIN MAKE IT IN
AMERICAN AND AMERICANS CAN MAKE
PLACE.
MR. SPEAKER, I ASK FOR AN AYE
VOTE ON THIS IMPORTANT SMALL
CRITICAL AMENDMENT.
THE
GENTLEMAN YIELDS BACK.
FOR WHAT PURPOSE DOES THE
GENTLEMAN FROM WASHINGTON SEEK
RECOGNITION?
MR. SPEAKER, I
RISE IN OPPOSITION TO THE MOTION
TO RECOMMIT.
THE
MINUTES.
MR. SPEAKER, THE
HOUSE IS NOT IN ORDER.
THE
WILL PLEASE COME TO ORDER.
MEMBERS ARE REMINDED TO TAKE
THEIR CONVERSATIONS OFF THE
FLOOR.
THE GENTLEMAN IS RECOGNIZED.
SPEAKER.
MR. SPEAKER, I FIRST WANT TO
NOTE THAT THE AUTHOR OF THE
MOTION TO RECOMMIT VOTED FOR THE
BILL OUT OF COMMITTEE WITHOUT
THIS AMENDMENT.
SO CERTAINLY THERE'S SOME BASIS
OF SUPPORT FOR THIS AMENDMENT,
BUT I FIND IT VERY, VERY IRONIC
THAT WE CONTINUE TO HAVE WHAT I
CONSIDER IMPEDIMENTS TO JOB
CREATION IN THIS COUNTRY MADE BY
THE OTHER SIDE.
BECAUSE THE OTHER SIDE HAS
GENERALLY, NOT EVERYBODY TO THE
CREDIT OF SOME OF THOSE THAT
UNDERSTAND ENERGY CREATION, BUT
GENERALRY THEY OPPOSE ALL
LOOK AT THE VOTE OF DEVELOPING
RESOURCES IN THE OUTER
CONTINENTAL SHELF.
LOOK AT THE VOTE OF DEVELOPING
RESOURCES IN ALASKA.
LOOK AT THE VOTE OF DEVELOPING
WEST.
THEY HAVE ALWAYS BEEN GENERALLY
THE AISLE.
SO NOW WE HAVE HERE IN FRONT OF
US A BILL THAT WOULD CREATE
ENERGY, AND THEY WANT
TO PUT ANOTHER QUALIFICATION ON
IT.
NOW, THE GENTLEMAN, AS A MATTER
OF FACT, IN THE DEBATE HE DID
SOMEWHAT MISCHARACTERIZE
BECAUSE THE AMENDMENT SAYS
MATERIALS.
MATERIALS.
WE DON'T MIND, FOR EXAMPLE, ONE
NOLOGY.
HE WOULD HAVE US IMPORT IT.
WILL THE
GENTLEMAN YIELD?
MR. SPEAKER, LET
ME TELL YOU WHAT THIS BILL
WILL THE
GENTLEMAN YIELD?
I WILL NOT YIELD.
THE GENTLEMAN HAD FIVE MINUTES
TO MAKE HIS CASE.
LET ME TELL YOU WHAT THIS BILL
DOES.
THIS BILL CREATES AMERICAN JOBS
WITH AMERICAN ENERGY AT NO COST
TO THE TAXPAYER.
WHAT ELSE DO YOU NEED TO SAY?
VOTE AGAINST THE MOTION TO
RECOMMIT.
I YIELD BACK MY TIME.
THE
GENTLEMAN YIELDS BACK.
WITHOUT OBJECTION, THE PREVIOUS
QUESTION IS ORDERED.
THE QUESTION IS ON THE MOTION
TO RECOMMIT.
THOSE IN FAVOR SAY AYE.
THOSE OPPOSED, NO.
IN THE OPINION OF THE CHAIR,
THE NOES HAVE IT.
REQUEST A
RECORDED VOTE.
RECORDED VOTE IS REQUESTED.
THOSE FAVORING A RECORDED VOTE
WILL RISE.
ARISEN, A RECORDED VOTE IS
ORDERED.
MEMBERS WILL RECORD THEIR VOTES
BY ELECTRONIC DEVICE.
PURSUANT TO CLAUSE 8 AND CLAUSE
9 OF RULE 20, THIS 15-MINUTE
VOTE ON THE MOTION TO RECOMMIT
WILL BE FOLLOWED BY FIVE-MINUTE
VOTES ON THE PASSAGE OF THE
BILL IF ORDERED, ORDERING THE
PREVIOUS QUESTION ON HOUSE
RESOLUTION 572 AND ADOPTION OF
ORDERED.
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 PROHIBITED BY THE
REPRESENTATIVES.]
THE QUESTION IS ON PASSAGE OF
THOSE IN FAVOR SIGNIFY BY
SAYING AYE.
THOSE OPPOSED, NO.
THE AYES HAVE IT.
THE AYES HAVE IT.
THE GENTLEMAN FROM WASHINGTON IS
YEAS AND NAYS.
THE
YEAS AND NAYS ARE REQUESTED.
THOSE FAVORING A VOTE BY THE
YEAS AND NAYS WILL RISE.
A SUFFICIENT NUMBER HAVING
ORDERED.
MEMBERS WILL RECORD THEIR VOTES
BY ELECTRONIC DEVICE.
[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.]
ON THIS
VOTE THE --
ON THIS
VOTE THE YEAS ARE 265.
ARE 154.
THE BILL IS AGREED TO.
WITHOUT OBJECTION, THE MOTION TO
RECONSIDER IS LAID UPON THE
TABLE.
THE UNFINISHED BUSINESS IS THE
VOTE ON ORDERING THE PREVIOUS
QUESTION ON HOUSE RESOLUTION 572
ON WHICH THE YEAS AND NAYS ARE
ORDERED.
THE CLERK WILL REPORT THE THE
TITLE OF THE RESOLUTION.
HOUSE CALENDAR NUMBER
117, HOUSE RESOLUTION 572,
RESOLUTION PROVIDING FOR
CONSIDERATION OF THE BILL H.R.
3606, TO INCREASE AMERICAN JOB
CREATION AND ECONOMIC GROWTH BY
IMPROVING ACCESS TO PUBLIC
CAPITAL MARKETS FOR EMERGING
GROWTH COMPANIES.
THE
QUESTION IS ON ORDERING THE
PREVIOUS QUESTION.
MEMBERS WILL RECORD THEIR VOTES
BY ELECTRONIC DEVICE.
THIS IS A FIVE-MINUTE VOTE.
[CAPTIONING MADE POSSIBLE BY THE
UNITED STATES HOUSE OF
REPRESENTATIVES.
ANY USE OF THE CLOSED-CAPTIONED
COVERAGE OF THE HOUSE
PROCEEDINGS FOR POLITICAL OR
REPRESENTATIVES.]
ON
THIS VOTE THE YEAS ARE 244.
NAYS ARE 177.
THE MOTION IS AGREED TO.
THE PREVIOUS QUESTION IS
ORDERED.
THE QUESTION IS ON THE ADOPTION
OF THE RESOLUTION.
THE HOUSE WILL BE IN ORDER.
GENTLEMAN FROM PENNSYLVANIA
SEEK RECOGNITION?
MR. SPEAKER, I ASK UNANIMOUS
CONSENT TO SPEAK OUT OF ORDER
FOR ONE MINUTE.
WITHOUT OBJECTION, SO ORDERED.
MR. SPEAKER, THANK YOU.
IT IS MY GREAT PLEASURE TO
COLLEAGUES, ERIC
PAULSON, MR. QUIGLEY, MR.
BUCSHON AND MR. HIGGINS IN A
TRUE BIPARTISAN FASHION TO
DELIVER TO THE EXCITING NEWS
THAT THIS TEAM, SKATING
TOGETHER, IS PART OF THE
CONGRESSIONAL HOCKEY CAUCUS.
AFTER A TWO-YEAR ABSENCE ON
SUNDAY AT THE VERIZON CENTER
WON BACK THE IMPORTANT CUP IN A
VICTORY 5-3 OVER THE LOBBYISTS.
NOW, IT'S TOUGH ENOUGH SKATING
TOGETHER, BUT QUIGLEY'S AWFULLY
CHIPPY AND WE HAVE TO WATCH HIS
THAT.
MR. SPEAKER, THIS IS A GREAT
GAME FOR THE SPIRIT OF THE
CONFERENCE, BUT IN ALL HONESTY
-- THE TRUE VALUE OF THIS GAME
IS IT IS A CHARITY.
AND WITH THE GREAT COOPERATION
AND SUPPORT OF THE NATIONAL
HOCKEY LEAGUE AND THE
WASHINGTON CAPITALS AND THE
OWNER, WE WERE ABLE TO RAISE IN
EXCESS OF $160,000, AND THOSE
DOLLARS FIRST WILL BE DEDICATED
TO SUPPORT A PROGRAM THE
NATIONAL HOCKEY LEAGUE HAS
WHICH IS HOCKEY IS FOR EVERYONE
AND THAT IS TO BRING THE GAME
OF HOCKEY TO INNER CITY YOUTH
WHICH OTHERWISE WOULD NOT HAVE
AN OPPORTUNITY.
MORE SIGNIFICANTLY, MR.
SPEAKER, IN COOPERATION WITH
THE NATIONAL HOCKEY LEAGUE AND
FOR THE FIRST TIME THERE HAS
BEEN A COMMITMENT THAT HAS BEEN
MADE.
PART OF THESE PROCEEDS WILL BE
MATCHED WITH COMMITMENTS THAT
WILL WITH GALY BETTMAN, THE
COMMISSIONER OF THE NATIONAL
HOCKEY LEAGUE, TO SUPPORT
SCHOLARSHIPS NOW FOR THE
THUROGOOD MARSHALL SCHOLARSHIP
FUND, TO THE COLLEGE FUND.
THEY WILL HELP SUPPORT
FOUR-YEAR SCHOLARSHIPS TO ONE
HISTORICALLY 47
HISTORICALLY BLACK COLLEGES AND
UNIVERSITIES FOR INNER CITY
YOUTH.
SO WE ARE GRATEFUL AND I'LL
TURN IT OVER TO MY FRIEND, MR.
QUIGLEY.
SPEAKER.
I WANT TO THANK THE LOBBYISTS
FOR THE GAME.
NICK, WHO HELPED ORGANIZE IT.
THE GAME DID GET A LITTLE
CHIPPY.
THAT'S TRUE.
BUT IT HAS NO CONNECTION WITH
THE 20-POINT LOBBYING REFORM
TOMORROW.
I ALSO WANT TO THANK THE STAFF
WHO HELPED CARRY ALL THEIR TEAM
OF GUYS.
OUR CAPTAIN RIGHT OVER HERE FOR
HELPING US WIN THIS GAME AND
BRING BACK THE CUP AND BEAT
BACK.
THANK YOU, MR. SPEAKER.
I YIELD BACK.
WITHOUT OBJECTION, FIVE-MINUTE
VOTING WILL CONTINUE.
THE PREVIOUS QUESTION IS
THE QUESTION IS ON THE ADOPTION
OF THE RESOLUTION.
FAVOR WILL SIGNIFY BY
SAYING AYE.
THOSE OPPOSED, NO.
THE AYES HAVE IT.
MR. SPEAKER.
FOR
WHAT PURPOSE DOES THE GENTLEMAN
FROM COLORADO SEEK RECOGNITION?
RECORDED VOTE.
A
RECORDED VOTE IS REQUESTED.
THOSE FAVORING A RECORDED VOTE
WILL RISE.
A SUFFICIENT NUMBER HAVING
ARISEN, A RECORDED VOTE IS
ORDERED.
MEMBERS WILL RECORD THEIR VOTES
THIS IS A FIVE-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 252,
THE NAYS ARE 166.
THE RESOLUTION IS AGREED TO.
WITHOUT OBJECTION, THE MOTION
TO RECONSIDER IS LAID UPON THE
TABLE.
FOR WHAT PURPOSE DOES THE
GENTLEMAN FROM ALABAMA SEEK
RECOGNITION?
MR. SPEAKER, I ASK UNANIMOUS
CONSENT THAT ALL MEMBERS MAY
HAVE FIVE LEGISLATIVE DAYS
WITHIN WHICH TO REVISE AND
EXTEND THEIR REMARKS ON H.R.
3606 AND TO INSERT EXTRANEOUS
MATERIALS THEREIN.
WITHOUT OBJECTION, SO ORDERED.
PURSUANT TO HOUSE RESOLUTION 5
2 AND RULE 18, THE CHAIR
DECLARES THE HOUSE IN THE
COMMITTEE OF THE WHOLE HOUSE ON
THE STATE OF THE UNION FOR
CONSIDERATION OF H.R. 3606.
THE CHAIR APPOINTS THE
GENTLEMAN FROM ILLINOIS, MR.
DOLD, TO PRESIDE OVER THE
COMMITTEE OF THE WHOLE.
THE HOUSE IS IN THE
COMMITTEE OF THE WHOLE HOUSE ON
THE STATE OF THE UNION FOR
WHICH THE CLERK WILL REPORT BY
A BILL TO INCREASE
AMERICAN JOB CREATION AND
ECONOMIC GROWTH BY IMPROVING
ACCESS TO THE CAPITAL MARKETS
FOR EMERGING GROWTH COMPANIES.
PURSUANT TO THE
RULE, THE BILL IS CONSIDERED
READ THE FIRST TIME.
THE GENTLEMAN FROM ALABAMA, MR.
BACHUS, AND THE GENTLEMAN FROM
MASSACHUSETTS, MR. FRANK, EACH
WILL CONTROL 30 MINUTES.
THE CHAIR RECOGNIZES THE
GENTLEMAN FROM ALABAMA.
MR. SPEAKER, I
YIELD MYSELF FOUR MINUTES.
THE GENTLEMAN IS
RECOGNIZED FOR FOUR MINUTES.
SUPPORT OF THE JOBS ACT AND
URGE MY HOUSE COLLEAGUES TO
APPROVE THIS BILL WITH
SUPPORT.
THIS IS A LEGISLATIVE PACKAGE
THAT WE BELIEVE WILL HELP JUMP
START OUR ECONOMY BY CREATING
NEW GROWTH OPPORTUNITIES FOR
AMERICA'S SMALL BUSINESSES, FOR
STARTUP COMPANIES, AND FOR
ENTREPRENEURS.
AS CHAIRMAN OF THE FINANCIAL
SERVICES COMMITTEE, I'M HAPPY
TO REPORT TO THE HOUSE THAT THE
JOBS ACT IS COMPRISED OF SIX
BILLS THAT ORIGINATED IN OUR
COMMITTEE AND WERE APPROVED BY
THE COMMITTEE.
I'M ALSO PROUD THAT THESE SIX
BILLS RECEIVED OVERWHELMING,
STRONG BIPARTISAN SUPPORT IN
OUR COMMITTEE AND IT SHOWS THAT
REPUBLICANS AND DEMOCRATS CAN
COME TOGETHER, FIND COMMON
GROUND, AND WORK TOGETHER TO
HELP AMERICA'S SMALL
BUSINESSES.
IN FACT, BEING APPROVED BY THE
FINANCIALER IS -- AFTER BEING
APPROVED BY FINANCIAL SERVICES
COMMITTEE, SEVERAL OF THESE
BILLS MOVED TO THE HOUSE FLOOR
AND GAINED ALMOST ANNAPOLIS
APPROVAL FROM THE HOUSE --
ALMOST UNANIMOUS APPROVAL FROM
THE HOUSE AND ARE NOW IN THE
SENATE.
NOT ONLY DO THEY HAVE SUPPORT
OF REPUBLICANS AND DEMOCRATS,
BUT WE RECEIVED A LETTER, I
THINK I HAVE A COPY OF THAT
LETTER, FROM THE PRESIDENT THIS
MORNING, MARCH 6, ENDORSING
THIS LEGISLATION, STRONGLY
ENDORSING IT.
IT'S NOT ONLY -- IT NOT ONLY
HAS THE SUPPORT OF REPUBLICANS,
DEMOCRATS, BUT ALSO OF THE
PRESIDENT.
AND THE LEADERSHIP.
CONSISTENT OBSERVATION I THINK
I'VE HEARD AND MANY OTHERS HAVE
HEARD IS THAT OUR -- FROM OUR
BUSINESS COMMUNITY, IS THAT THE
FEDERAL GOVERNMENT IS MAKING IT
HARD FOR THEM TO EXPAND AND
HIRE NEW WORKERS WITH ALL ITS
NEW REGULATIONS, MANDATES, AND
SPENDING, AS WELL AS THOSE NOT
SO NEW REGULATIONS.
WE'VE NOT RECOVERED FROM THIS
RECESSION AS QUICKLY AS WE HAVE
FROM PAST RECESSIONS AND THE
REASON IS WE HAVE NOT GOTTEN
THE JOB GROWTH WE HAD HOPED AND
THE JOB GROWTH WE HAVE GOTTEN
HAS BEEN FROM LARGE
CORPORATIONS.
THE DIFFERENCE IN THIS RECOVERY
AND THE LAST ONE IS NOT LARGE
COMPANIES NOT HIRING, THEY ARE.
IT'S SMALL COMPANIES NOT
THERE ARE TWO REASONS SMALL
COMPANIES AREN'T HIRING.
THESE ARE SMALL COMPANIES THAT
GENERATE TRADITIONALLY 65% TO
70% OF THE NEW JOBS.
THE FIRST IS REGULATION.
THE SECOND IS CAPITAL.
IT'S HARDER FOR THESE COMPANIES
TO GET TRADITIONAL BANK
FINANCING, WE ALL KNOW THAT.
WE'VE TALKED TO BANKERS, WE'VE
TALKED TO SMALL BUSINESSES.
BECAUSE THEY CAN'T ALWAYS GET
BANK FINANCING, THEY MUST TURN
TO INVESTORS AND TO THE CAPITAL
MARKET.
AND THESE BIPARTISAN MEASURES
WILL MAKE IT EASIER FOR THEM TO
DO THAT.
THEY'LL INCREASE CAPITAL
FORMATION, WHICH -- THAT SPURS
THE GROWTH IN STARTUP
COMPANIES, CREATES JOBS, AND
ENCOURAGES COMPANIES, SMALL
COMPANIES, TO ADD JOBS AND TO
INVEST.
WE KNOW THAT, AS I SAID, SMALL
BUSINESSES ARE THE GENERATORS
OF OUR ECONOMY.
IN FACT, LARGE CORPORATIONS,
70% TO 80% OF THEIR BUSINESS IS
BUSINESSES.
THAT'S WHY WE AS CONGRESS,
HEARING FROM OUR CONSTITUENTS,
MUST CUT THE RED TAPE THAT
PREVENTS OUR SMALL BUSINESSES
AND ENTREPRENEURS, THE SAME
PEOPLE THAT CREATED GOOGLE THAT
CREATED APPLE, THAT CREATED A
LOT OF OUR BIOTECH COMPANIES,
WHICH ARE TODAY, THEY WERE
SMALL BUSINESSES, NOW THEY'RE
THE GROWTH BUSINESSES.
THEY'RE CREATING THE MOST JOBS.
THIS LEGISLATION WILL GIVE THEM
THE FREEDOM TO ACCESS CAPITAL
AND HIRE WORKERS AND GROW JOBS.
I WANT TO COMMEND AND I WANT TO
TALK ABOUT JUST ONE OF THESE
BILLS, THAT'S THE BILL THAT
CAME OUT OF OUR COMMITTEE WITH
STRONG BIPARTISAN SUPPORT AND I
WANT TO COMMEND THREE
GENTLEMEN, THE GENTLEMEN -- THE
GENTLEMAN FROM TENNESSEE, MR.
FINCHER, THE GENTLEMAN FROMMAN
FROM DELAWARE MR. CARNEY AND
MR. HINES.
IT ALLOW -- MR. HIMES.
IT ALLOWS COMPANIES TO
CAPITALIZE.
TIME YOU'VE GIVEN ME.
I YIELD BACK THE BALANCE -- I
RESERVE THE BALANCE OF MY TIME.
THE GENTLEMAN
RESERVES.
THE GENTLEMAN FROM