Thank you very much. I would like to thank Mr. Grimm for his eloquent description of precisely what can happen and what is happening, and his plea to all of us to ensure that we don't place people in the position of losing their homes…

The gentleman from Georgia talked about there are no unintended consequences, and he attempted to speak for me, one of the authors of the bill. I just think that he does not understand that we put in a lot of work on this bill. We worked…

I have worked on something called mandatory minimum sentencing for the last 20 years.

But you have not sent anybody to jail.

Something needs to be done.

If there was no profit, if they were not able to launder this money, perhaps we wouldn't have drugs on the street.

Why don't they go to jail?

This year marks the 40th anniversary of the war on drugs, a critical time to shine a spotlight on 40 years of failed policy.

You tell me that they are more guilty than the presidents of banks who have the responsibility for running that bank don't know that drug money is going through those banks?

I demand a recorded vote. The CHAIR. Pursuant to clause 6 of rule XVIII, further proceedings on the amendment offered by the gentleman from Virginia will be postponed. Amendment No. 3 Offered by Mrs. Carolyn B. Maloney of New York The…

This amendment adds a requirement that the SEC analyze the number of jobs created or lost as a result of a new rule or order, while differentiating between public and private sector jobs. Although this amendment is not by itself…

How many minutes do I have left? The CHAIR. The gentlewoman from California has 6 minutes remaining.

First, I have a number of communications that I will insert into the Record. I have a Statement of Administration Policy from the Executive Office of the President; I have American Federation of Labor and Congress of Industrial…

I claim time in opposition to the amendment, although I do not oppose the amendment. The CHAIR. Without objection, the gentlewoman from California is recognized for 5 minutes. There was no objection.

This is the final amendment to the bill, which would not kill the bill or send it back to committee. If adopted, the bill will immediately proceed to final passage, as amended. This motion ensures the ability of the SEC to continue to…

I claim time in opposition to the amendment. The CHAIR. The gentlewoman from California is recognized for 5 minutes.

I now yield 2 minutes to the gentlelady from Wisconsin, Representative Gwen Moore.

At this time, I would yield 2 minutes to the gentlelady from New York (Mrs. Maloney).

I yield myself the balance of the time. In closing, allow me to quote one of the Financial Services Committee members in a hearing yesterday, because I think it is so important for us to understand that the SEC is our cop on the block that…

Thank you very much. Mr. Chairman and Members, I would like to thank the gentlelady from New York for bringing this amendment today. As a matter of fact, the opposite side should thank her, too, because she is giving them an opportunity to…

Mr. McGovern, I thank you so much for aptly describing what is happening on the floor today relative to the SEC. Since its passage, Republicans have introduced dozens upon dozens of bills to undermine, repeal, or otherwise dismantle…

I yield myself such time as I may consume. Mr. Chairman, this amendment doubles down on all of the problems raised by H.R. 1062 by imposing the same burdensome cost-benefit analysis requirements on the Municipal Securities Rulemaking…

In its current form, I am. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Ms. Waters moves to recommit the bill H.R. 1062 to the Committee on Financial Services with instructions to report…

I demand a recorded vote. A recorded vote was ordered. The SPEAKER pro tempore. This will be a 5-minute vote. The vote was taken by electronic device, and there were--ayes 235, noes 161, not voting 37, as follows: [Roll No. 160] AYES--235…

I demand a recorded vote. A recorded vote was ordered. The SPEAKER pro tempore. Pursuant to clause 9 of rule 20, this 5- minute vote on the motion to recommit will be followed by a 5-minute vote on passage of the bill, if ordered. This is…