Richard B. Nugent: “In closing, I support this rule and encourage my colleagues to support it as well. It allows the House to take action on…”

“In closing, I support this rule and encourage my colleagues to support it as well. It allows the House to take action on two different but very important pieces of legislation. It provides us with an opportunity to force the SEC and the CFTC to finally and jointly promulgate rules governing the U.S. institutions' use of swaps and other financial derivatives while accessing international markets. This action will help ensure that we have a vibrant financial system and that American companies can manage the risks while remaining competitive in an international market. Additionally, it begins our consideration on the National Defense Authorization Act, providing the House with an hour of general debate on programs that make up our Department of Defense. As a Member of Congress, as a three Blue Star parent, and as an American, I can think of nothing more important than providing our military the tools that they need to carry out their missions. These brave men and women put their lives on the line for our Nation each and every day. This legislation isn't a thank-you to the troops, it's our duty as citizens to acknowledge that we live in the land of the free only because of the service of the brave. Mr. Speaker, we've heard a lot of discussion here on the floor, particularly as it relates to Dodd-Frank. First of all, this does not repeal Dodd-Frank. If it were a vote for a repeal of Dodd-Frank, I'd vote for it, but it's not a repeal of Dodd-Frank.…”