I claim the time in opposition to the amendment. The Acting CHAIR (Mr. Hultgren). The gentleman from California is recognized for 5 minutes.

The flaring of a valuable and finite natural resource is nothing less than a market failure.

For more than four decades, Medicare has been a critical program for ensuring the health and also the financial well-being of seniors and people with disabilities.

A lot has been achieved since passage of the Affordable Care Act to strengthen Medicare.

The Administration's proposed Part D regulation would make a number of changes to the program to strengthen program management and integrity.

We know from past experience that without strong oversight from CMS, contractors have not always performed adequately and have the potential to abuse the public trust.

Today's hearing continues this Subcommittee's discussion on the important work of the Federal Trade Commission.

Access to affordable, reliable electricity is fundamental to our economy.

The increased penalties in FDASIA, Congressman Waxman, that you mentioned, are useful but there is still a major gap.

Congress has made a number of changes to FDA law in the last year and a half that should help fight counterfeit drugs.

We can't have an honest discussion about the future of the electricity system unless we talk about climate change.

I am pleased that we are having an important oversight hearing where 20 minutes so far into the opening statements, no one has blamed the problem on President Obama. This is rare for this committee.

Thank you, Mr. Chairman.

This committee needs to stop ignoring reality and start finding solutions to climate change.

Whatever the flaws in the CFATS program, the answer is not to let the program sunset. This state of affairs leave dangerous chemical facilities unregulated and vulnerable to attack.

I believe there is a better way, and I have introduced to the last two Congresses the Medicare Drug Savings Act that would end one of the worst giveaways that was included in the original Part D bill.

Today's hearing will focus on the Medicare Part D drug program.

I would not interfere in any way with any of the drugs that people would get, it would just mean a huge savings for those drugs, restoring the price we pay for those drugs that the manufacturers received prior to Part D.

I would like to suggest that our committee look at this opportunity, take action, and pass this bill, Medicare Drug Savings Act, which would cut beneficiary costs, protecting seniors, make sure they have access to drugs.

So without a mandate, we are not going to get carbon pollution controls on coal, and that is why EPA rules are so essential.

So I think we ought to celebrate the ability of the new technologies to go along with the standards because it is going to be a win-win proposition.

But we have a long record of DOE's investments and EPA standards that work hand in hand.

Investments that the Department of Energy is making in CCS will help industry produce cleaner power...

There is one set of laws we cannot change. Those are the laws of nature.

So it is good for American business? We can export this?