On the recordFebruary 15, 2012
Madam Speaker, I am prepared to close. The SPEAKER pro tempore. The gentleman from Massachusetts has 1\1/2\ minutes remaining. The gentleman from Florida has 4 minutes remaining. Mr. McGOVERN. Madam Speaker, I yield myself the remaining time. Madam Speaker, this bill is awful, this process is awful, and I think it's beyond salvageable. I just want to talk about one thing in closing. Madam Speaker, oil companies get taxpayer subsidies for oil injection, extraction, drilling, manufacturing, pricing, and inventory floors. They get taxpayer subsidies, while making tens of billions of dollars in record profits, and taxpayers continue to get fleeced with rising gas prices. At the end of this debate, I will try to defeat the previous question. If the previous question is defeated, I will offer an amendment to eliminate one of these subsidies for the Big Five oil companies. The Big Five oil companies do not need, they do not deserve this subsidy, and the American people don't deserve these rising gas prices. I ask unanimous consent to insert the text of the amendment in the Record, along with extraneous materials immediately prior to the previous question. The SPEAKER pro tempore. Is there objection to the request of the gentleman from Massachusetts? There was no objection. Mr. McGOVERN. Madam Speaker, this is a reasonable amendment.…





