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tv   Key Capitol Hill Hearings  CSPAN  December 2, 2014 12:00pm-2:01pm EST

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we will leave it there. there are nine bills to be debated in the house today. they're coming up after 6:30 pm. we continue to hear the president obama will nominate ashton to take over. both will happen throughout the afternoon. coming if the senate is into session -- it is in session, a number of lawmakers voting. before the house gavel, house and senate republicans are planning a retreat in january. republicans scheduled to convene in hershey pennsylvania to talk strategy as a party takes control of congress. scheduled just t
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days after the house resumes. the speaker pro tempore: the house will be in order. the prayer will be offer aed by the guest chaplain, reverend david gray from bradley hill presbyterian church, bethesda, maryland. the chaplain: let us pray. gracious god, your love is never ending. in these hallowed halls, your sovereign spirit comes to us, calms us, calls us and infuses us with your grails. give us strength this day to look outside ourselves for the
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opportunities which come from connection and collaboration. give us faith to bring our bestselves and to seek your will our best selves and to seek your will. give us confidence that solutions can be found and problems solved. grant us gratitude for the trust placed in us, for the privilege of living in this free land, and for your presence here with us. llow us to rest in and rely on your hope-filled spirit. loving god, we ask your blessing upon this body and all who gather here. help us to receive your assurance, your encouragement, your wisdom and your inspiration for the tasks to which we have been called. e pray this day, amen.
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the speaker pro tempore: the chair has examined the journal of the last day's proceedings and announces to the house his approval thereof. pursuant to clause 1 of rule 1 the journal stands approved. the pledge of allegiance will be led by the gentleman from pennsylvania, mr. pitts. mr. pitts: will our guests in the gallery please join us in saying the pledge of allegiance. i pledge allegiance to the flag of the united states of america and to the republic for which it stands, one nation, under indivisible, with liberty and justice for all. the speaker pro tempore: without objection, the gentleman from ohio, mr. turner, is recognized for one minute. mr. turner: thank you, mr. speaker. i'm honored to welcome my good friend, pastor david gray, as our guest chaplain today. he was born in dayton, ohio. pastor gray grew up active in the presbyterian church and has led a life of service, holding both a law degree and a docket rate of ministry. he's a former public servant,
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having served as a staffer in the senate and a true spiritual leader that has helped numerous individuals and families grow in their relationship with god. currently pastor gray serves as the head pastor at bradley hills church. on behalf of the united states congress, and the people of his hometown in my district of the 10th congressional district of ohio, i want to thank pastor gray for his commitment to his faith and for opening the house today with his prayer. thank you. the speaker pro tempore: the gentleman's time has expired. the chair will interfeign up to 15 further requests for -- up -- entertain up to 15 further requests for one-minute speeches on each side of the aisle. for what purpose does the gentleman from pennsylvania rise? without objection, the gentleman is recognized for one minute. mr. pitts: mr. speaker, we've seen this administration casually ignore the law when it comes to imgration, e.p.a. regulars and obamacare. now we're going to see whether they ignore the law when it comes to forcing churches in california to pay for abortion. for many years now congress has included language in the
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appropriations bills that prohibit states from forcing health insurance plans to cover elective abortion. the wheldon amendment, named for my good friend, dr. david wheldon of florida. now the state of california has issued a bureaucratic edict that every health insurance plan in california regulated by the state must pay for the procedure. and this includes even plans purchased by churches, religious schools and charities. h.h.s. must not hesitate to protect the right of americans to prevent their health care dollars from going to something they find to be profoundly immoral. the agency is required to inform the state of california of this violation and remind them that they risk the loss of federal funds. there doesn't need to be any delay from h.h.s. this is exactly why the wheldon amendment was created. i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentleman from illinois seek recognition? without objection, the gentleman is recognized for one minute. mr. quigley: thank you, mr.
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speaker. mr. speaker, i rise today in support of funding for alzheimer's disease research. alzheimer's is a particularly devastating disease both for the patients and their families. families watch their loved ones effectively disappear before their eyes. there are currently more than five million americans suffering from this disease with one american diagnosed every 67 seconds. we must take preventive actions to address the growing population of alzheimer's patients in this country. in the fiscal year 2015 appropriations process, i urge my colleagues to support increased funding for this research. this research will help find ways to prevent, treat and even slow the progression of the disease. helping to ease the burden on patients, caregivers and the medicare system. congress must continue its commitment to fight against alzheimer's by providing this crucial funding. thank you and i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentlelady from north carolina seek recognition? ms. foxx: i ask unanimous consent to address the house for one minute, mr. speaker.
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the speaker pro tempore: without objection, the gentlelady is recognized. ms. foxx: thank you, mr. speaker. many north carolina families know all too well the struggle to find a job and pay the bills. some are facing these challenges right now and we all have family members, neighbors or friends who are facing hard choices to make ends meet. back home i'm often asked what congress is doing to help people back to work and restore opportunity for everyone. for the last two years, the house has passed numerous pieces of legislation to encourage job growth and strengthen america's standing in the global economy. we've also passed bills that would decrease energy costs, allow workers to have more flexibility to spend time with their families, and increase transparency in how tax dollars are spent. while congress cannot create prosperity, we can work to ensure entrepreneurs and employers aren't crushed under red tape. the 114th congress is a fresh opportunity to help put more
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americans back to work and to improve our economy. and i look forward to working with the new majority in the senate to accomplish those goals. i yield back, mr. speaker. the speaker pro tempore: the gentlelady yields back the balance of her time. for what purpose does the gentleman from michigan seek recognition? without objection, the gentleman is recognized. >> mr. speaker, here we are just a few days short of the end of the 113th congress and this congress has yet to take up the big questions facing the american people. we're 10 days away from a budget deadline and there's still talk amongst some on the other side of using the sanctity of the budget and the economy of this country as a tool to fight against actions taken by this president that the congress itself is unwilling to take up. mr. kildee: so rather than taking up unemployment insurance, for example, despite the fact that we've seen significant reduction and in unemployment across the country, in my home state
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unemployment is still above 7%, we haven't taken up that. instead of taking up a jobs program like our make it in america agenda that would re-energize our manufacturing sector, we've left that aside, haven't taken it up. instead of taking up the very subject that has driven some to threaten to shut down government, comprehensive immigration reform, we haven't even seen a bill come to the floor of the house. not the senate bill, not another bill that even the republicans themselves could put together. so while we talk a good game about being willing to take on these big questions, when it comes time to put something on the floor for us to legislate, to vote on, we see no action at all. mr. speaker, i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentlelady from florida seek recognition? without objection. ms. ros-lehtinen: thank you so much, mr. speaker. when unesco admitted a nonexistent state of palestine to its membership, it did so knowing u.s. law prohibits
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funding to any entity at the u.n. that grants the p.l.o. the same status as other member states. the members of unesco also knew that admitting the so-called palestine would have a negative impact on the future of israeli-palestinian peace process, yet they enthusiastically welcomed them at unesco. the only explanation for unesco willing to aa lou these consequences to pass -- to allow these consequences to pass is that its members view delegitimatizing israel as its mission. they view helping palestine unilaterally establish a de facto recognition for a palestinian state as a worthy means to an end. we must not only block any attempt by the administration to restore funding to this entity that clearly has an agenda opposite to america's interests, but we must also work to block the attempts at the u.n. to bypass the
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obligations to israel by continuing the unilateral statehood scheme. thank you, mr. speaker. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the entleman from california rise? without objection, the gentleman is recognized. >> mr. speaker, it is with sadness that i rise today to honor the life of former congressman john crab. john was a close friend and a mentor. mr. costa: as a young immigrant to the united states from tel aviv, john was able to live the american dream and much more. he serves as an inspiration for all of those who knew him. john served in the united states house of representatives from 1975 to 1979. one of his proudest legislative accomplishments was incorporating the middle king valley into a national park. in 2009 president obama recognized john for his efforts and signed legislation
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establishing the john crab's wilderness area which covers 40 -- which covers 40,000 acres. mr. crabs was a community leader and active in the democratic party. playing key roles in both local and statewide campaigns throughout california. john will be greatly missed by his wife and his son and daughter and their families. john's strong values, work ethic and compassion for others were evident to all who through him and were fortunate to work with him. it is with great respect that i ask my colleagues in the united states house of representatives to honor the life of former congressman john crabs, my good friend. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentleman from pennsylvania eek recognition? without objection, the gentleman is recognized. mr. thompson: mr. speaker, today the community in
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pennsylvania will honor private edwin franklin tubbs, an american hero who sacrificed his life in the defense of our nation during the vietnam war. private tubbs was deployed to vietnam on december 4, 1968. just five weeks later, on january 12, 1969, he was fatally wounded as he set down his rifle to assist a friend who was injured on the battlefield. with the dedication of the private edwin tubbs memorial at the west chestnut street bridge, followed by one more dedication later this year, we will memorialize all nine of the county's vietnam war casualties with specifically named bridges. on behalf of this community i offer my thoughts and prayers as we reflect on the unique life and selfless service of private tubbs. while there's nothing that can be done or said to eliminate the sense of loss felt by family members and friends, today's dedication is one small token of appreciation for this hero's honored service to our country. thank you, mr. speaker, and a i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time -- and i yield back the balance of my
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time. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentlelady from district of columbia seek recognition? without objection, the gentlelady is recognized. ms. norton: mr. speaker, a new generation of young people of every race are demonstrating nonviolently to make sure that the larger meeting of the michael brown -- meaning of the michael a brown tragedy is not lost. his death has become much more than a moment of anguish. michael brown has crystalized a painful experience and it found no outlet until now. the routine stops of black men by police in the streets of our country because of the color of their skin. the body-mounted cameras announced by the president yesterday are a good and practical beginning. let's hope that local communities will use this tragedy to assure a new era of genuine collaboration between citizens and the police, they
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need to serve and protect them. i yield back. the speaker pro tempore: the gentlelady yields back the balance of her time. for what purpose does the gentlelady from missouri rise? without objection, the gentlelady is recognized. >> mr. speaker, i come to the floor today to speak about one of our greatest national security challenges. threat of a nuclear armed iran. i am deeply troubled by the obama administration's recent seven-month extension of nuclear negotiations with iran. mrs. wagner: the extension means that iran will continue to have access to 700 -- $700 million a month in sanctions relief. every day that we continue these talks is another day given to iran to develop a nuclear weapon. a nuclear armed iran would start a new arms race in the middle east, imposing intolerable threat to the national security of the united states and our allies, especially israel. the house passed h.r. 50, the nuclear -- 850, the nuclear iran prevention act which would increase sanctions on the iranian regime. now it is time for the united
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states senate to do its part and pass legislation that would impose additional sanctions on iran. i thank you, mr. speaker, and i yield back the balance of my time. the speaker pro tempore: the gentlelady yields back the balance of her time. for what purpose does the gentleman from texas seek ecognition? >> thank you, mr. speaker. mr. speaker on sunday, november 30, we had a seminal moment to occur in the history of our country. mr. green: when those football players came out and held their hands up, they were speaking to the masses and they were using these words hands up, don't shoot, in this symbolism. i believe so strongly in what they have done that i will have flags flown over the capitol of the united states of america in honor of each of those players and i will pay for the flags with my personal u.s. dollars. i also want to mention something
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that happened this morning on the morning joe show. the question was posed, what is wrong with these people? don't they know that this is a lie? meaning what happened in ferguson in terms of the hands up, don't shoot. well, i want to tell you what's wrong with these people, these people refuse to accept a whitewash. i will say more about this tomorrow when i will have five minutes around 10:00 a.m. or sometime shortly thereafter, because i want the american people to know that there are some people who are willing to take a stand. i yield back. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from texas seek recognition? >> ask permission to address the house for one minute. the speaker pro tempore: without objection, the gentleman is recognized. >> mr. speaker, i rise today to call attention to the administration's recent decision to extend talks with iran into 2015.
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iran is simply stalling and buying time, time we and our closest ally in the region, israel, do not have. many months ago when sanctions were starting to have an impact on iran, the administration relaxed them. all we have to show for these weakened sanctions is months of stalled talks. it is long overdue to increase the pressure on iran. mr. marchant: i call for new and immediate sanction was teeth to force iran to give up its nuclear ambitions. without new pressures iran won't see any reason to change its current course. congress must act now in increases sanctions to prevent iran from developing nuclear weapons. thank you. i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentlelady from california rise? without objection, the gentlelady is recognized. mrs. davis: a reporter asked me to comment on whether speaker
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boehner will be able to make his mark in the next congress with the largest house majority in his party since 1929. my thoughts? stand and deliver. if the speaker wants to work, there's nothing stopping him. democrats stand ready to work with him to tackle many of the challenges facing american families. in many ways our economy has shown incredible resilience of late. g.d.p. and job growth are up. but unfortunately many still don't feel like things are getting any better. it's long past time that we come together and enact policies that will help hardworking families instead of pandering to special interests. this election saw the worst voter turnout in 72 years because americans didn't think we could get anything done for them. let's show that we can. i hope we use the remaining weeks in this congress to show that we are capable of delivering results to the american people.
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the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentleman from kansas seek recognition? >> unanimous consent to address the house for one minute. revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized. mr. pompeo: i rise today in the strong support of achieving better life experience act, commonly known as the able act. in our nation we believe everyone should have the opportunity to realize their dreams, that each american should be able to have the tools and capability to build a bright future. yet 348s of families in our country struggle with the challenge of raising our children with special needs. the able act couldn't put more burdens on the federal government. mr. yoder: rather it provides families with the opportunity to invest their own earnings in the care for their disability children like education, transportation, and other tools that help prepare their children for a future of independent living without having to be taxed on those savings. these flexible savings tools will help families maintain greater financial security as they strive to raise their children to contribute to society in productive ways.
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mr. speaker, i'm proud to join my colleagues in the house to stand up for these families like rachel and her family in kansas to ensure that we do everything to fight for their future, too. i yield back. the speaker pro tempore: the gentleman yields back. for what purpose does the gentlelady from new york seek recognition? without objection, the gentlelady is recognized. mrs. maloney: mr. speaker, after 9/11, this congress came together and we came together to put our economy back on track. we passed tria, the anti-terrorism risk insurance act. now tria is set to expire in just four weeks and we kess prattly need -- desperately need a long-term re-authorization of this important economic tool that has brought stability to businesses and to our economy. we cannot kick the can down the road again by pushing a short-term extension of tria.
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in fact, just last night 45 republicans signed a letter opposing a short-term extension of tria. all the democrats already oppose an extension of a short-term re-authorization of tria, and this should take this united position, should take this issue off the table. now some members have insisted that the house can't waive the cutco rule to pass tria. it's important to note the house has waived it 18 times and we traditionally waive it for emergency spending, which is what tria is. spending in the wake of a terrorist attack. the speaker pro tempore: the gentlelady's time has expired. mrs. maloney: please come together and pass a long-term re-authorization for our economic growth. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentlelady from texas seek recognition? without objection, the gentlelady is recognized for one inute.
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ms. jackson lee: mr. speaker, in the wake of trayvon martin's tragic death, the nation waits. young people wait. i could give a long litany, but certainly michael brown has galvanized us from north to south, from east to west. and i stand with the young men among many others, the st. louis rams, and young people i have seen taken to the -- taking to the streets nonviolently, peacefully. today i rise to thank them and applaud them as americans deserving of honor and respect, but they wait. so i believe it is important that we work with those who are assigned and in uniform to protect and serve. as a member of the house judiciary committee i stood alongside law enforcement. but now it is important that we realize that the system is not cracked but broken. there must be a complete overhaul of the training of local police in the nooks and crannies of america. there must be a reform of the
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system of -- providing the funding to local jurisdictions simply by traffic stops and foot citations. that is what geared officer wilson to the wrong direction. finally, mr. speaker, there must be a training to protect officers but to know when to use deadly force. deadly force was not warranted, it was not required. the speaker pro tempore: the gentlelady's time has expired. ms. jackson lee: in the life and loss of michael brown. there must be solutions, mr. speaker, for those young people that are out in the streets protesting. we cannot have a lopsided justice system. i yield back. the speaker pro tempore: the gentlelady's time has expired. the chair lays before the house a communication. the clerk: 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 from the secretary of the senate on december 2, 2014, at 11:03
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a.m. that the senate passed without amendment h.r. 2203, signed, sincerely, karen l. haas. the speaker pro tempore: pursuant to clause 8 of rule 20, the chair will postpone further proceedings today on motions to suspend the rules on which a recorded vote or the yeas and nays are ordered or on which the vote incurs objection under clause 6 of rule 20. record votes on postponed questions will be taken later. for what purpose does the gentleman from pennsylvania seek recognition? mr. thompson: i move to suspend the rules and pass the bill h.r. 571, as amended. the speaker pro tempore: the clerk will report the title of the bill. -- clerk: the speaker pro tempore: does the gentleman wish to pass the bill as introduced? mr. thompson: yes. the speaker pro tempore: the clerk will designate the title of the bill. the clerk: h.r. 5714, a bill to prevent commercial applicators of pesticides to create, retain, submit, and convey pesticide
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application related records, data and other official other information in electronic form. the speaker pro tempore: pursuant to the rule, the gentleman from pennsylvania, mr. thompson, and the gentleman from minnesota, mr. walz, each will control 20 minutes. the chair recognizes the gentleman from pennsylvania. mr. thompson: mr. speaker, i ask unanimous consent that all members may have five legislative days to revise and on bill ir remarks h.r. 5714. the speaker pro tempore: without objection. mr. thompson: mr. speaker, i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. thompson: mr. speaker, i thank the -- i want to thank my good friend, mr. walz, for being here to help with this bill today. i also want to thank my good friend and colleague from oregon, representative curt schrader, for his leadership on this important piece of legislation. i rise today in support of h.r. 5714, the pest management records modernization act. under the current law the united states department of agriculture
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requires businesses that apply pesticides to maintain and provide access to records on their use. including the product name, amount, proximate date of application, and location of application of each pesticide used. while most states allow pesticide applicator businesses to convey information electronically to customers as a way to comply with consumer information requests, a few states still require that information be provided in paper or hard copy format. the challenge posed to the industry is not the long-standing consumer information requirements themselves, but rather the very limited transmission options in certain states. today businesses in virtually all sectors of the economy are going paperless as a way to save costs, increase efficiencies, and, yes, fulfill the range of local, state, and federal regulatory requirements in a timely and proficient manner. unfortunately, the transition to a paperless office for many pest
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management and other pesticide applicator businesses is more difficult than anticipated because of the decades old state consumer information requirements that mandate transmission of such documents be via paper or hard copy. these requirements are especially disruptive for paperless companies that operate in multiple states, some of which permit electronic conveyance of the required information and others that don't. the usda permits records to be retained and conveyed electronically for restricted use pesticide applications. unfortunately, the overwhelming majority of treatments performed by pest management professionals are general use pesticides. the pest management records modernization act is a commonsense change to existing law that will allow commercial applicators of pesticides to create, retain, and submit pesticide records, records, and other information in electronic form. as a member of the house agriculture committee, i am proud to be an original co-sponsor of h.r. 5714, the
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pest management records modernization act. i urge my colleagues to support passage of this bipartisan legislation and i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the gentleman from minnesota. mr. walz: thank you, mr. speaker. i yield myself such time as i may consume. i want to thank the gentleman, my friend from pennsylvania, for his remarks. for clearly stating this commonsense piece of legislation and the support of it. i, too, would like to thank mr. schrader of oregon. these the author of this piece of legislation and something we have come to expect from mr. schrader, a commonsense bipartisan piece of legislation. h.r. 5714, the pest management records modernization act is pro-small business and pro-consumer. it improves the ability of pest management companies to communicate important information with their customers related to the products they use. as you heard from the gentleman from pennsylvania, mr. -- pennsylvania, most states requireer them to provide customers with information. most are implemented and forced by state departments of agriculture which are the state
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pesticide regulatory agency in 40 states. the required information is typically information directly from the pesticide label. the overwhelming majority of treatments performed by pest management professionals involve general use pesticides. right now about 45 states permit electronic conveyance of this information directly to consumers. in fact, in the last two years, the states of california, georgia, wisconsin, kansas, and arizona have recognized the need to update their respective laws related to disclosure and pass legislation or take administrative action. like businesses in countless sectors of the economy, professional pest management and other pesticide applicator businesses are going paperless as a way to save costs and increase efficiencies. it allows businesses to back up and safeguard data and records in days of fire, flood, or other disaster. it makes it easier to prove compliance with various record keeping reporting and requirements. plus it's added advantage of being greener and more
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environmentally sound. unfortunately, the transition to a paperless office for many pest management and other pesticide applicator businesses is more difficult than anticipated because of antiquated state consumer information requirements from the 1970's and 1980's that mandated transmission of such documents be via hard copy or paper and do not permit electronic conveyance. these requirements are especially disruptive for companies that made the transition to paperless and operate in multiple states. some which permit electronics and others don't. it is important to note that h.r. 5714 does not put any new mandates on small businesses but provides them the ability to electronically convey information in a handful of states that have not yet addressed this in a changing e ommerce environment. this is commonsense, it's bipartisan, it's proconsumer and prosmall business. it deserves our support and i encourage everyone to make it
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as swift passage as possible. with that i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from pennsylvania. mr. thompson: thank you, mr. speaker. i thank the gentleman from minnesota for his remarks and i encourage my colleagues to support passage of this important piece of legislation. i have no further comments or speakers on this bill and i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from minnesota. mr. walz: i also yield back the balance of my time. the speaker pro tempore: the gentleman from minnesota yields back his time. will the house suspend the rules and pass the bill h.r. 5714. those in favor say aye. those opposed, no. in the opinion of the chair, 2/3 of those voting having responded in the affirmative, the rules are suspended, the bill is passed and, without objection, the motion to reconsider is laid on the table.
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the speaker pro tempore: for what purpose does the gentleman from texas seek recognition? >> mr. speaker, i move to suspend the rules and pass the bill, h.r. 5739, to amend the social security act, to provide for the termination of social security benefits for individuals who participated in nazi persecution and for other purposes. the speaker pro tempore: the clerk will report the title of the bill. the clerk: h.r. 5739, a bill to amend the social security act, to provide for termination of
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social security benefits for individuals who participated in nazi persecution and for other purposes. the speaker pro tempore: pursuant to the rule, the gentleman from texas, mr. johnson, and the gentleman from california, mr. becerra a, each will control 20 minutes. the -- mr. becerra a, each will control 20 minutes -- mr. becerra, each will control 20 minutes. steve johnson thank you. i ask that members have -- mr. johnson: thank you. i ask -- mr. johnson: thank you. i ask that all memberses have five legislative days to revise and extend their remarks. today i rise as chairman of the ways and means subcommittee on social security, the committee of jurisdiction over social security benefits, in support of the no social security for nazis act, legislation i introduced along with ranking member javier becerra. the world must never forget the six million jews and other innocents murdered in the hol
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cast -- holocaust. america has worked hard to prevent nazis from entering the country and reaping the benefits of u.s. citizenship, including social security. social security is an earned benefit, hardworking americans pay as a portion of their wages for promises of future benefits. however, it's a benefit that was never intended for those who participated in horrific acts of the holocaust. under the social security act, social security benefits are terminated when individuals are deported due to participating in nazi persecution. some individuals whom the department of justice identified as nazi persecuters were denaturalized or voluntarily renounced their citizenship and left the country to avoid formal deportation proceedings. however, due to a loophole, certain nazi persecuters have
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continued to receive social security benefits. today. and we'll put an end to this loophole, i hope. the bill amends the law to stop enefit payments to those denaturalized due to participation in nazi persecution or who voluntarily renounced their citizenship as part of a settlement with the attorney general related to participating in nazi persecution. the bill also makes sure that these individuals do not receive spousal benefits due to a marriage to a social security beneficiary. lastly, the bill requires the attorney general to certify to the ways and means committee and finance committee that social security has been notified of all those whose benefits should be terminated due to participation in nazi persecution. it also requires a commissioner
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of social security to certify that benefits were terminated. this legislation is currently co-sponsored by over 47 members of the congress and also letters of support have been received from some of the following organizations -- the association of mature american itizens, jewish federations of north america, national committee to preserve social security and medicare, republican jewish coalitions, strengthen social security coalitions, and the zionist organizations of america. mr. speaker, i ask that these letters be inserted in the record as well. the speaker pro tempore: without objection. mr. johnson: for many years the loophole has allowed those who perpetrated horrific crimes against humanity to receive benefits paid by the united states government. while the number of nazi resimilar yents of social
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security -- recipients of social security benefits may be few now, allowing payments to continue is an inexcusable insult to those who is suffered at the hands of the nazis. mr. speaker, i urge all members of the house to vote yes and pass the no social security to nazis act today so the senate can take action soon and that the president can sign it into law without delay. i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from california. mr. bass: mr. speaker, thank you very much -- mr. becerra: mr. speaker, thank you very much. and let me yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. becerra: let me begin, mr. speaker, by thank i my colleague, but more importantly, my dear friend, mr. sam johnson from texas, for the work that he did to move so quickly, working with his able staff to try to make sure we had a bill come before us. i also want to make sure that i salute the staff on this side of the aisle for the work they did in partnership to make sure that we could quickly put a
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bill on the floor of this house that could address what all of us agree is a glaring omission. and so i am pleased to stand here to say, mr. speaker, that we have a bill that not only will take care of those dollars that americans contributed to social security on a daily basis as they go to work and pay into this system, but it also will protect the dollars that so many americans now rely on to receive their benefits. today, mr. speaker, 160 million americans work and pay into social security. they know that because they do that, their families will be protected if they happen to die or if they happen to become disabled or if they decide to retire. now, for most of the 58 million americans who are already retired or currently receiving social security benefits of some sort, that social security benefit is the most important
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source of income for them. one of the greatest privileges we have as americans living here in the u.s. is the opportunity to work and earn this social security protection for ourselves and for our families. we recently learned, as mr. johnson had mentioned, that nazi war criminals and collaborators slipped through a loophole in our laws and began receiving social security benefits. the record is clear. congress never intended for the perpetrators of the holocaust, the systematic bureaucratic state-sponsored murds of more than six million jews and millions of other innocents, to be allowed to enter the u.s., let alone participate in social security. it's been our long standing policy that when nazi persecuters who came under false pretenses are discovered, that they be deported and stripped of all their privileges of u.s. citizenship and residency, including of course social security. i'm pleased to be here today because today what we're saying is, we're ready to act.
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this legislation will tightly close a loophole that's allowed some individuals to use and retain social security benefits even after their holocaust crimes have been proven and their citizenship has been revoked. as the chairman of the -- and -- as the chairman has mentioned, and as we are trying to make clear today, it is critically important that we make everyone aware that when you work for social security, you've earned it and only then will you get it. and so when someone uses a loophole, tries to take advantage and then believes that they can get away with it, we want to be able to act quickly and make it clear that it will never happen again. we want those safeguards to be in place for everyone who's been working hard and paying into social security for years and years. they're the ones that own it. not people who have defrauded our government. like past congresses, we believe that we must act quickly because the issue of
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the holocaust is not unresolved in our minds. we know what we must do to anyone who perpetrated those heinous acts. we must act as quickly as we can. so, mr. speaker, i say this with a great deal of pride and friendsship, that i stand with the chairman of the social security subcommittee today, mr. sam johnson, to urge my colleagues to join us in closing this loophole now before social security has to pay another dime to a nazi war criminal. with that, mr. speaker, i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas. mr. johnson: thank you, thank you, mr. becerra. i appreciate your remarks. mr. speaker, i yield two minutes to the gentleman from -- the gentlewoman from tennessee, mrs. black, a member of the committee on ways and means. the speaker pro tempore: the gentlelady is recognized for two minutes. mrs. black: thank you, mr. speaker. i thank my colleague for yielding to me. mr. speaker, for many today,
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the heinous acts of the nazi party in world war ii era are a story relegated to the history books and museums. the fact is, some of these war criminals are still alive. and they're even getting a monthly check from uncle sam. an associated press investigation found that dozens of nazi suspects have collected social security benefits due to a loophole in our lalls. and the cost to the taxpayers has reportedly reach the millions. seniors in my district already have concerns about the future of social security. the last thing that they want to see is their government using scarce taxpayer dollars for this purpose. that is why i was proud to co-sponsor with congressman sam johnson's no social security for nazis act, legislation to cut off benefits to anyone stripped of their u.s. citizenship related to their participation in nazi crimes.
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no act of congress could ever make the atrocities of the holocaust or bring justice to its six million victims. but ending the flow of the payments to those human rights violators would sure be a step in the right direction. i thank the gentleman from texas for his good work on this issue and this bipartisan measure and look forward to voting in support. thank you and i yield back the balance of my time. the speaker pro tempore: the gentlelady yields back the balance of her time. the gentleman from california. mr. becerra: mr. speaker, we are expecting another speaker but if i could reserve my time and let the gentleman from texas proceed if he has another speaker. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from texas. mr. johnson: mr. speaker, i yield three minutes to the gentleman from new jersey, mr. lance. the speaker pro tempore: the gentleman from new jersey is recognized for three minutes. mr. lance: thank you, mr. speaker. i rise today to urge passage of h.r. 5739, the no social security for nazis act. which will correct an injustice of two generations and right a terrible wrong in the name of
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the lives of those lost as a result of the holocaust. to think nazis are receiving social security benefits derived from tax receipts of the american people is sickening and morally wrong. and today congress will move to put an end to it. this effort was originally championed in the 1990's by my predecessor from the district i have the honor of serving, the late congressman bob franks. and i am proud to continue his effort and see this legislation pass on the floor of the house today. . the united states, including my home state of new jersey, stands in solidarity with the jewish people, the state of israel, and the decades-long struggle for peace in the world following the nazi atrocities. this action is yet another step in demonstrating that our resolve for justice is unyielding and our commitment to pursue what is right continues
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even 70 years after world war ii. i thank my colleague, congresswoman carolyn maloney, of new york city for her leadership on this issue and for asking me to co-sponsor the original bill that she had initiated. i also thank congressman sam johnson and the ways and means committee for taking up this effort. the world can never forget the hate and intolerance of the 1930's and 1940's that claimed the lives of millions of people of the jewish faith and forever scarred the face of man kind. but this effort be another chapter in the healing that has praut vigor to the pursuit of justice, attention and care to all human suffering, and the work toward a world of greater understanding and peace. when given the chance to put an end to an egregious practice, we must act. i urge passage today of this important piece of legislation. thank you, mr. speaker.
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the speaker pro tempore: the gentleman from new jersey yields back. the gentleman from california. million balance sara: at this time, i'd like to yield three minutes to the gentlewoman from new york, who has been very active on this issue, mrs. maloney. the speaker pro tempore: the gentlelady is recognized for three minutes. mrs. maloney: i thank the gentleman for yielding and i thank my friend and colleague on the other side of the aisle, leonard lance, for coming to new york, for working in meetings, and to advancing this issue before the social security department and also the justice department. mr. speaker, for decades former nazis complicit in war crimes have been getting monthly social security benefits checks due to a loophole in the law. it's an outrage that began at the end of the world war ii when thousands of nazis came to the united states. they fled and came here. many lied about their past so that they could become american citizens, take jobs, and try to just blend in. but most were eventually
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identified and he deported and some were tried for their crimes. however, dozens were never formally deported. if a former nazi left the u.s. on his own before a final order of removal was issued, the law allowed him to keep receiving his social security benefits. as the author of the nazi war crimes disclosure act of 1998, which opened up all the files of the c.i.a. on the nazis and what they were doing in america and in europe, i have been working on this issue for really decades. in 1991, i co-wrote a bill to close this loophole by creating a new legal process to terminate benefits. earlier this year i wrote the social security administration seeking more information on former nazis who continue to receive social security benefits. they will be issuing a report to me and others on exactly how much money is involved. and after an investigative
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report by the associated press revealed new details of nazis receiving social security benefits, i wrote to the i.g. of the justice department and have had meetings with them and social security administration to investigate exactly how this all occurred. i also worked with my colleagues, republican congressman leonard lance of new -- ey and jason shea fits chaffetz of utah. it was supported by editorials across this nation. we received a total of 19 editorials in support of our bill. in the interest of time i would just like to put in the record roughly five of them because i think it's important that across this nation from the south, the west, the east, the north, all of them have come out strongly in support of not spending one taxpayers' dime to support nazis. the ways and means committee
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took on the same effort. our bills are similar. either would be sufficient address the problem. both would affirmatively declare individuals who have been denaturalized or renounced citizenship on the grounds of participation in nazi persecution ineligible for social security benefits. i urge my colleagues to end this outrage, close this loophole, and send a message that when we say we will never forget, we mean we will never forget. and that we will stop this terrible abuse of taxpayers' money going to social security benefits for nazis. i commend all my colleagues who have worked on this important issue. i yield back the balance of my time. the speaker pro tempore: the gentlelady yields back. the gentleman from texas. mr. johnson: thank you. i presume my co-chairman, do you have any further -- mr. becerra: we are prepared to
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close. r. johnson: thank you. i'll reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the gentleman from california. mr. becerra: thank you, mr. speaker. at this stage i think it's important to close on a particular note. i don't think it gets lost on the chairman or me that when we sit as the chairman and ranking member on the social security subcommittee, we have a major responsibility. and that is to make sure that what people expect when they allow a good chunk of money to come out of their paycheck, it's going to be used for what they believe. and that is for social security benefits for those who have earned them. when something like this comes along where you find out that someone figured out a way to circumvent the laws and the process and take advantage of getting dollars out of america
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that have been put in for the purpose of providing security to those who retire or become disabled or who die, it really makes you want to act. but when you realize that on top of that the folks that are gaming the system are folks who should have never been in this country in the first place. because they committed heinous crimes. and were perpetrators of some of the worst evils we have seen in history, then it makes you want to act doubly fast. at a time when we deal with major issues and oftentimes have challenges and reach an agreement, the american people should watch for a second because in this case we are coming together to say that we understand the purpose of social security. it's important to extend a thank
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you to the chairman of the social security subcommittee for making sure that before we ended this year and ended this session we had an opportunity to put our vote on the floor saying no. if you don't earn your benefits, you won't get them. and if you shouldn't have been here in the first place, then you certainly shouldn't get social security as well. it's important to get this done. we hope the senate will act quickly. before long hopefully the president will have an opportunity to sign this and forever we'll be able to say that we he know that no perpetrator of the who cost will ever have an opportunity to steal social security from those who have worked hard to earn it. with that, mr. speaker, and thanking the staff on both sides of the aisle for the work they have done so diligently and to my friend and chairman, mr. johnson, i say thank you. i want to yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from texas. mr. johnson: thank you, mr. chairman.
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thank you, mr. becerra. it takes two to tango and fortunately we haveal compatible interest on this committee. i want to thank the ranking member, mr. becerra, and his staff for working with us on this important legislation. mr. speaker, i again urge all members of the house to vote yes and pass no social security for nazis act today so the senate can take action soon and that the president can sign it into law without delay. with that i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the question is, will the house suspend the rules and pass the bill h.r. 5739. so many as are in favor say aye. those opposed, no. in the opinion of the chair, 2/3 of those voting having responded in the affirmative, -- the gentleman from texas. mr. johnson: i ask for the yeas and nays. the speaker pro tempore: the yeas and nays are requested. all those in favor of taking this vote by the yeas and nays will rise and remain standing until counted.
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a sufficient number having arisen, the yeas and nays are ordered. pursuant to clause 8 of rule 20, further proceedings on this uestion will be postponed. pursuant to clause 8 of rule 20, proceedings will resume on motions to suspend the rules previously postponed. votes will be taken in the following order. 2040, h.r. 5050, and h.r. 3572. in each case by the yeas and nays. the first electronic vote will be conducted as a 15-minute vote. emaining reelectronic votes will be conduct -- remaining electronic votes will be conducted as five-minute votes. the motion by the gentleman from washington, mr. hastings, to suspend the rules and pass s. 2040 on which the yeas and nays are ordered. the clerk will report the title of the bill. the clerk: an act to exchange trust and fee land to resolve land disputes created by the realignment of the black foot
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river along the boundary of the fort hall indian reservation, and for other purposes. the speaker pro tempore: the question is, will the house suspend the rules and pass the bill. 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 representatives. 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.]
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the speaker pro tempore: on this vote the yeas are 414. the nays are none. 2/3 having responded in the affirmative, the rules are suspended, the bill is passed, and without objection the motion to reconsider is laid on the table. the unfinished business is the vote on the motion of the gentleman from washington, mr. hastings, to suspend the rules and pass h.r. 5050 on which the yeas and nays are ordered. the clerk will report the title of the bill. the clerk: union calendar number 471, h.r. 5050, a bill to repeal the act of may 31, 1918, and for other purposes. the speaker pro tempore: the question is will the house suspend the rules and pass the bill. members will record their votes by electronic device. this is a five-minute vote.
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[captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. 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.]
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the speaker pro tempore: on this vote the yeas are --
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the speaker pro tempore: on this vote the yeas are 41, the nays are zeer -- 418, the nays are zero. 2/3 of those voting having responded in the affirmative, the rules is suspended, the bill is passed and, without objection, the motion to reconsider is laid on the table. the unfinished business is the vote on the motion of the gentleman from washington, mr. hastings, to suspend the rules and pass h.r. 3572 as amended on which the yeas and nays are ordered. the clerk will rorpt title of the bill. the clerk: 3572, a bill to revise the boundaries of
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certain chafee coastal area resource system units in north carolina. the speaker pro tempore: the question is will the house suspend the rules and pass the bill as amended. members will record their votes by electronic device. this is a five-minute vote. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. 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.]
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the speaker pro tempore: on this vote the yeas are 410, the nays are seven. 2/3 of those voting having responded in the affirmative, the rules are suspended, the bill is passed and without objection the motion to reconsider is laid on the table. without objection, the title is amended.
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the speaker pro tempore: the house will be in order. he house will be in order. he house will be in order. for what purpose does the gentleman from missouri seek recognition? >> i move that the house suspend the rules and pass h.r. 4200. the speaker pro tempore: the clerk will report the title. the clerk: union calendar number 481, h.r. 4200, a bill to amend the investment
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advisors act of 1940, to prevent duplicative regulation of advisors of small business investment companies. the speaker pro tempore: pursuant to the rule, the gentleman from missouri, mr. luetkemeyer, and the gentlewoman from wisconsin, ms. moore, each will control 20 minutes. the chair recognizes the gentleman from missouri. the gentleman will suspend for a moment. the house will be in order. members are requested to remove their conversations from the house floor. he house will be in order. the chair recognizes the gentlewoman from missouri. mr. luetkemeyer: thank you, mr. speaker. i ask unanimous consent that all members may have five legislative days to revise and extend their remarks and submit extraneous materials on h.r. 4200 currently under consideration. the speaker pro tempore: without objection. mr. luetkemeyer: thank you, mr. speaker. i yield myself such time as i may consume. the speaker pro tempore: the gentleman from missouri is recognized. mr. luetkemeyer: this bill is a noncontroversial and c'mon
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sense change that will -- commonsense change. r. 4200, the sbic advisors relief act will require advisors for small business companies. these are advisors to investment funds that make long-term investments in u.s. small businesses and have to the tune of more than $63 billion since 1958. under current law and for more than 55 years, sbic's have been regulated and closely supervised by the small business administration. the existing regulatory regime includes an in-depth examination of management, strong investment rules, operational requirements, record keeping, examination and reporting mandates and conflict of interest rules. these entities and the management of these entities are anything but regulated. this has been well recognized by congress. congress' intent by including some of these exemptions in previous legislation was to
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reduce the regulatory burdens facing smaller funds in sbic's. this bill fixes some unintended consequences that have risen and need to be addressed. the sbic advisor's relief act does so by three things. it allows advisors and exemption funds to be exempt from registration, combining two different exemptions that already exist. number two, excludes sbic assets from the s.e.c.'s assets under management threshold calculation. number three, it allows sbic funds with less than $90 million in assets under management to be regulated solely by the s.b.a. as they are today. the financial services committee have thoroughly examined this bipartisan bill in markup. this noncontroversial legislation passed the committee by a vote of 56-0 in
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may. it is also important to note that legislation include suggestions made by the s.e.c. re importantly it includes greater investment in america's small businesses. i want to thank congresswoman maloney for help on this bill, ask my colleagues for their support and, mr. speaker, i reserve the balance of my time. the speaker pro tempore: the gentleman from missouri reserves the balance of his time. the gentlewoman from wisconsin is recognized. ms. moore: thank you, mr. speaker. i yield myself such time as i may consume. the speaker pro tempore: the gentlewoman from wisconsin is recognized. ms. moore: thank you, mr. speaker. this bill, as has been indicated, is a bipartisan bill. we support the bill. i have no requests for time and therefore i would urge my colleagues to support the bill and i yield back the balance of my time. the speaker pro tempore: the gentlewoman from wisconsin yields back the balance of her time. the gentleman from missouri is recognized. mr. luetkemeyer: i have no other speakers, mr. speaker,
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and i reserve the balance of my time. i'm ready to close if the other side is. the speaker pro tempore: the gentlewoman has yielded back the balance of her time. the gentleman is recognized to close. mr. luetkemeyer: i yield back the balance of my time. the speaker pro tempore: the question is will the house suspend the rules and pass the bill h.r. 4200. those in favor say aye. those opposed, no. in the opinion of the chair, 2/3 having responded in the affirmative, the rules are suspended, the bill is passed, and without objection the motion to reconsider is laid on the table. for what purpose does the gentleman from missouri seek recognition? mr. luetkemeyer: mr. speaker, i move that the house suspend the rules and pass h.r. 5471. the speaker pro tempore: the clerk will report the title of the bill. the clerk: h.r. 5471, a bill to amend the commodity exchange act and the securities exchange act of 1934 to specify how clearing requirements apply to certain affiliate transactions, nd for other purposes. the speaker pro tempore: pursuant to the rule, the gentleman from missouri, mr. luetkemeyer, and the gentlewoman from wisconsin, ms. moore, each will control 20
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minutes. the chair recognizes the gentleman from missouri. mr. luetkemeyer: thank you, mr. speaker. i ask unanimous consent that all members may have five legislative days to revise and submit heir remarks and extraneous materials for the record on h.r. 5471, currently under consideration. the speaker pro tempore: without objection. mr. luetkemeyer: thank you. mr. speaker, i yield myself such time as i may consume. the speaker pro tempore: the gentleman from missouri is recognized. mr. luetkemeyer: thank you, mr. speaker. hundreds of american businesses, large and small, from manufacturers to utilities to agriculture businesses to airlines use derivatives every day to manage their business risks and reduce their exposure to price fluctuations. without that businesses and customers would face increased prices for the goods and services these services provide. they are not risky. they play no role in the financial crisis and nevertheless, though, they were targeted in the dodd-frank act, which increased their price and decrease their availability. since the beginning of the 112th congress in 2011, the financial services committee and agricultural committee has
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worked together to make sure this would not burden main street businesses that will stifle growth and job creation. these efforts have produced bipartisan bills, including many sponsored by democrats. the bill under consideration is yet another. h.r. 5471 is sponsored by democrat colleague on the financial services committee, representative gwen moore, and co-sponsored by steve stivers. the bill amends the securities exchange act of 1934 and the commodity exchange act and extends the dodd-frank act title 7 clearing exemption to nonfinancial entities that uses central treasury unit to reduce risk and net the hedging needs -- excuse me -- meet the hedging needs of affiliated businesses. mr. speaker, that may sound technical but the bill is a commonsense measure to give regulatory certainty to main street businesses in missouri and beyond. i encourage my colleagues to support h.r. 5471, and i reserve the balance of my time. the speaker pro tempore: the
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gentleman from missouri reserves the balance of his time. the gentlewoman from wisconsin is recognized. ms. moore: thank you so much, mr. speaker. i yield myself such time as i may consume. the speaker pro tempore: the gentlewoman from wisconsin is recognized. ms. moore: thank you, mr. speaker. i join my colleague, the gentleman from missouri, in urging my colleagues to support h.r. 5471. however, before i get into why we should support the bill, i need to thank all of my partners in this effort. as has been mentioned, mr. stivers has been fantastic throughout this entire process. i knew going in to this that i had a great republican partner, but i can't say enough about representative stivers. time will not allow me to do it. but i had another great bipartisan partner in representative gibson on the agriculture committee and, of course, it's always, always a joy to work with a good friend and colleague on the ag committee, representative
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marcia fudge. h.r. 5471 is a true end user bill. the bill is targeted as it applies to centralized treasury units centers, or c.t.u.'s, of nonfinancial end user companies. the c.t.u. model enables a end user corporation to efficiently centralize hedging risks for the entire consolidated corporate group and is in fact a corporate best practice. it prevents companies to more efficiently hedge commercial business risk which was always the intent of dodd-frank. the c.t.f. agrees with the underlying policy of the bill as they provided no action relief on this point. however, h.r. 5471 is still needed because as a practical matter no action relief is no substitute for statutory fixes as it creates legal uncertainty when deciding how to organize
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your global business structure. corporate boards may be hesitant to approve a decision, as they're required to do, that violates the law based only on the assurance that c.t.f. staff will not recommend enforcement. h.r. 5471 fixes the quirky result of treating companies that uses a c.t.u. model differently than companies that do not accomplish the same result. the bill also solves another far more technical issue with a no action relief as it relates to c.t.u.'s issuing swaps as a principle as opposed to -- principal as opposed to as an argument. there is simply no good reason to not address the issues the. in fact, c.t.u.'s are considered corporate best practices. i can offer you, mr. speaker, an example of one company in my district, miller-coors. they summarized it best in
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written testimony before the house financial services financial committee. quote, though it may be tempting to view all derivatives as risky financial products that were essential to the credit crisis, we must remember that these are important tools upon which thousands of companies depend to manage risk in the real economy, unquote. just remember that we all have companies in our districts that use swaps legitimately to mitigate risks. thank you. i urge all my colleagues to support this important legislation, and i reserve my time. the speaker pro tempore: the gentlewoman from wisconsin reserves the balance of her time. the gentleman from missouri is recognized. mr. luetkemeyer: thank you, mr. speaker. i now yield three minutes to the gentleman from oklahoma, the distinguished chairman of the agriculture committee, mr. lucas. the speaker pro tempore: the gentleman is recognized for three minutes. mr. lucas: mr. speaker, i'd like to thank the gentleman from missouri for yielding and i'd like to thank my colleagues from the house agriculture committee, mr. gibson and ms. fudge, for their continued leadership on this issue, and also i'd like to thank ms. moore and mr. stivers for working with my committee to
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introduce this compromise language as a stand-alone bill for the house's consideration. almost identical language was included in the agriculture committee's cftc re-authorization bill, h.r. 4413. i'm proud to say that we moved that legislation through the ag committee by voice vote and passed it here on the house floor with an overwhelming bipartisan support this summer. i'm hopeful this bill can receive the same strong bipartisan support. h.r. 4571 will provide american businesses the certainty they need to continue managing their risk in the most efficient manage possible. today, businesses all over america rely on the ability to centralize their hedging activities to reduce their counterparty credit risks, lower costs and simplify their financial dealings. it's important to remember that these transactions between affiliated corporate entities pose no systematic risk. they should not be regulated as if they do. these transactions are used to
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reduce an individual firm's risk by consolidating a hedging portfolio spread across a corporate group. by doing this firms can find savings with offsetting positions between affiliates, reduce the need for the group to seek hedges in the wider market. h.r. 5471 will prevent the redoesn'tant regulations of these harmless, interaffiliate transactions that would tie up companies with the added -- really no added protections for the market benefits for their consumers. i strongly support this bipartisan, commonsense legislation and urge all of my colleagues to vote yes and yield back the balance of my time. the speaker pro tempore: the gentleman from oklahoma yields back the balance of his time. the gentleman from missouri reserves. the gentlewoman from wisconsin is recognized. ms. moore: thank you so much, mr. speaker. i would now like to yield to the gentlelady, the ranking member of the committee, ms. maxine waters, the lady from california, such time as she may consume. the speaker pro tempore: the
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gentlewoman from california is recognized for as much as she will consume. ms. waters: thank you very much. i'd first like to thank congresswoman moore as well as congresswoman fudge for their efforts to craft the text of this bill which represents a dramatic improvement from a similar bill that was considered in the financial services committee 18 months ago. at that time commodity futures trading commission, that is the cftc chairman, warned that providing such a broad interaffiliate exemption from the requirement to clear derivatives could harm its efforts to regulate the market. since that time, however, the authors of this legislation have significantly tailored the language, incorporating several technical edits provided by the cftc and the measure not only extends the interaffiliated exemption to instances when the commercial risk of an exempt end user has been hedged or
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mitigated. last week, the cftc provided the same tailored relief that this bill would provide. i ask for unanimous consent to enter the cftc's no action letter into the record. after conversation -- the speaker pro tempore: without objection. ms. waters: thank you. after conversations with the cftc chairman and following this action by the regulator, i felt comfortable having h.r. 5471 be considered under suspension of the house rules. now i've heard from several companies that while the cftc's actions are welcomed, they still need the legal certainty that only h.r. 5471 could provide. on the other side, of course, i've heard concerns if we pass this bill we may be buying into the cftc's hands to deal with the problem that could arise in the future. i believe that people on both sides of this issue are working in good faith and want to help rebuild our economy.
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and, again, i applaud congresswoman moore's efforts to improve this bill and i yield back the balance of my time. the speaker pro tempore: the gentlewoman from california yields back the balance of her time. the gentleman from missouri is recognized. mr. luetkemeyer: thank you, mr. speaker. i now yield five minutes to the gentleman from ohio, mr. stivers, who is the lead co-sponsor of this legislation. the speaker pro tempore: the gentleman from ohio is recognized for five minutes. mr. stivers: thank you, mr. speaker. i'd like to thank the gentleman from missouri for yielding me time. i'd also like to thank ms. moore from wisconsin for her work on this bill. she's been dedicated and engaged and hard working and willing to compromise to move this effort forward to help a lot of main street businesses that are in my district, her district and the map of america. i also want to thank ms. fudge and mr. gibson for their collaborative efforts and work through the agriculture committee on this bill as well. mr. speaker, this bill is the culmination of over 2 1/2 years' work

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