Well, what happened in proposition 103--and I was the newly elected Insurance Commissioner in 1991 responsible for implementing the law. The insurance industry had the ability to work together to set rates and to monopolize the market in a…

Thank you, my colleague. I look forward to your continued pushing of this issue. It was a century ago that Teddy Roosevelt established an effort, the progressive effort, to push back against the rapacious greed of Wall Street and those who…

Well, there is absolutely no doubt that it's an axiom of American business, and the American economic system, that competition leads to good things, lower prices and better product. But in the case of health insurance, as we've seen over…

If I might, Mr. Tonko just reminded me of two cases. One, a New York case last year in which the New York Attorney General brought action against 11 insurance companies in your State of New York who had conspired not only against consumers…

My colleague from New York, thank you for bringing to our attention, did you say $24 billion for the executives of the five largest?

Mr. Tonko, as I was listening to you, several thoughts came to mind. You were listing a series of activities that are clearly contrary to the normal competitive marketplace, price fixing and the like. There is also an issue in this health…

The gentleman points out some very good points that there are issues about the budget. I am sure that the Institute will find the very best way to carry out this particular task. I yield such time as he may consume to the chairman of the…

Mr. Chairman, I yield myself such time as I may consume. Long ago, I learned as a Boy Scout you need to be prepared, but to be prepared, you need knowledge and information. This amendment is all about knowledge and information for the…

I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from California (Mr. Garamendi). The amendment was agreed to. Amendment No. 10 Offered by Mrs. McCarthy of New York The Acting…

I rise for the purposes of offering an amendment. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Amendment No. 9 offered by Mr. Garamendi: Page 28, line 21, and page 29, line 1…

Thank you. Madam Speaker, it is a great honor to be here with the other freshmen. We are new to this system, but we are not new to the problems in our districts or in our Nation. We often go home on weekends to spend time in our districts…

Well, the gentleman from Virginia couldn't be more correct. I'm a cattle rancher, so you're getting very close to home with the discussion about methane and cow power. It's a reality. It actually is happening in large parts of California…