David Schweikert

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…

This is one of those moments in Congress where I swear we are almost talking about completely different things and the reality that I live in. I am blessed to represent Scottsdale, Arizona, one of the resort centers of the country. Come…

I will try to speak somewhat quickly. Being from the State of Arizona and having been a legislator in Arizona, having been a County Treasurer from Arizona, and now often find myself in forums having to explain, or trying to at least in…

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…

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

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…

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.

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?

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?

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

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

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

To my friend, thank you for yielding me a few minutes here. One of the reasons I'm standing here is, over the last week we've heard the President talk about what we call the Buffett rule, and the Senate, and its failure to move the Buffett…

Thank you to my good friend. We actually did this on the floor last night. Part of it was an attempt to sort of help folks through some of the absurdity of the rhetoric compared to the reality of math. One of the fun slides we brought on…

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

I thank the gentleman. Madam Speaker, I rise in support of the JOBS Act. Think about this. We literally started over a year ago putting together the pieces of legislation that moved forward with us today. Many of them were bipartisan. Many…

This is something we try to do out of my office every few months, where we try to update a number of the budget numbers we're seeing coming from particularly the President and try to put them in some perspective. I thought this would be…

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.

Well, hopefully, I won't take 4 minutes here. Madam Chairman, this amendment is actually very, very simple. We're basically reaching out to the SEC saying, Look, come back, make your determination, and let us know within 120 days if you…

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

I appreciate the discussion, and I know we may be bordering on that line of being esoteric. I actually believe that we took care of much of this concern in the previous amendment. If you are with us and agree, we're literally looking at…

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

This is one of those occasions where Mr. Miller and his staff--I extend an appreciation. We've gone back and forth in discussion over the last year, you know, what should the number be. We all came to a collective agreement that 500 was…

I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 37, after line 22, insert the following: SEC. 504. COMMISSION STUDY OF ENFORCEMENT AUTHORITY UNDER…