David Schweikert

I have an amendment at the desk. The Acting CHAIR. The Clerk will report the amendment. The Clerk read as follows: At the end of the bill (before the short title), insert the following: Sec. __. None of the funds made available in this Act…

With that, Madam Chairman, I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from New Jersey (Mr. Garrett). The question was taken; and the Acting Chair announced that the ayes…

I met with actual people from Scottsdale with mobility issues. So I actually met with real constituents that are real people, not some organization.

No. No. We sat down and had a wonderful conversation. I believe they left understanding how impractical what was happening here, also how there is a much more pragmatic, much more cost- effective, and a much safer solution for the…

Reclaiming my time, yes, we actually had a whole meeting in my office with them and actually had the whole discussion about both the attractive hazard of what happens when, you know, because of this, we create the next paralyzed American…

Is it theoretically possible to have a bubble on the Fed's balance sheet by acquiring so much U.S. sovereign paper, so much mortgage backed, MBS?

First of all, I reject the notion that we, as elected officials, should be blaming the Fed, oh, it is the Fed's fault. No, it is our fault if we don't step up.

But if you have literally half your inventory, and in my understanding, it's dramatically more than half your REO inventory that isn't even being marketed, isn't that literally the inventory you should be grabbing and moving into these?

If you go to our multiple listing service, we have less than a 5-week supply of homes $250,000 or less.

Our models used to always say that we would not even break even until we hit 200 houses in a pool.

My fear is we do something that damages rates of return in those funds for so many investors, so many communities, so many pensions.

My only concern is that sort of law of unintended consequences that if we reach way back in time, we saw the devastation happen when we changed the installment sale rules.

Any sense where that is going? And my reason is--I instantly can start to think of ways this gets gamed.

My understanding, Ms. Seidman, is that rules are in promulgation or being looked at in regards to how to recognize leaseholds.

May I request the time remaining. The Acting CHAIR. The gentleman from Arizona has 2\1/2\ minutes remaining.

I appreciate our friend from Massachusetts. I do believe, though, that we are about to be somewhat duplicative to the amendment that we just did. I accept that there is a little bit more here that is a bit more specific, but it is, I hate…

I claim the time in opposition. The Acting CHAIR. The gentleman from Arizona is recognized for 5 minutes.

May I request the time available? The Acting CHAIR. The gentleman has 4 minutes remaining.

I am prepared to close. The Acting CHAIR. The gentleman is recognized.

This is going to be one of those weeks where I believe we can be proud here in the House. We're going to be moving forward with a jobs bill we've monikered Jumpstart Our Business Startups. I just had in my office a coalition from high-tech…

I am hoping I will hear you touch on everything from jobs to capital availability to competitiveness.

America should be the leader in financial regulation, and not allow a 'you first' mentality to put Americans' financial security in jeopardy yet again.

This is a major and unwarranted exception to the carefully crafted Dodd-Frank reforms, and it creates the possibility of regulatory arbitrage.

If there is anybody who is a significant player becoming a significant market maker who you think is generating potential damage to the financial system, they can absolutely be covered under the systemically important provisions of the…

I am actually very happy this is moving forward. Mr. Fincher deserves some real credit here for being actually fairly dogged about this.