Bill Foster

I have an amendment at the desk. The Acting CHAIR. The Clerk will report the amendment. The Clerk read as follows: Page 24, line 1, after the dollar amount, insert ``(reduced by $300,000) (increased by $300,000)''. The Acting CHAIR…

I have an amendment at the desk. The Acting CHAIR. The Clerk will report the amendment. The Clerk read as follows: Page 24, line 1, after the dollar amount, insert ``(increased by $40,155,000)''. Page 28, line 14, after the dollar amount…

It seems to me that the SIFI designation process in principle has the opportunity to take risk out of our system by negotiating the business model for a firm that is under consideration for SIFI designation.

Despite the fact they have been designated as a second class of citizens, I have no doubt that many of these young men and women would be the first in line for an opportunity to serve our country in the armed forces.

I often see DREAMers pleading simply for the opportunity to become full-fledged citizens.

One of my most profound disappointments with the current House leadership is its failure to bring up the DREAM Act in any form.

One of my proudest votes in the historic 111th Congress was my vote in favor of the DREAM Act.

Thank you, Senator Durbin, for organizing this hearing, and for everything that you have done to support DREAMers.

Instead of fixing our broken immigration system, Republicans are doubling down on costly deportation and detention practices that are costing taxpayers millions and tearing families apart. Mr. Chairman, we can't fix the problem by ignoring…

I would like to return to something that was mentioned, which is the implicit credit allocation effects of stress tests, which are real, and I think probably unavoidable.

Thank you all for appearing on this very complicated subject.

In a recent speech, Ben Bernanke talked about using mortgage loan-to-value limits as a macroeconomic tool.

However, it seems to me that the rate at which these have been coming out is sort of erratic.

And we have made significant progress since entering the worst recession since the Great Depression.

We are also sitting on 8 straight years of uninterrupted job growth, roughly 22 million jobs in 8 years.

In the next 8 years, we saw the surplus we were running reversed and the structural deficit exceeding $1 trillion a year in the next 8 years.

Mr. Secretary when you left your first tour of duty in the White House in 2001, we were paying down our debt to the tune of a couple hundred billion dollars a year, and were on track to pay our debt down to zero by roughly 2008.

I think if anybody needs to be brought to task, it is perhaps the Congress of the United States and this committee for not doing its oversight responsibility.

So if you look at the fact that the party that was responsible for running up all the red bar graphs was, in fact, removed from power, I think there is accountability.

I would also remind Members on both sides of the aisle that during the last Republican default crisis, family net worth dropped by $2.4 trillion.

We should have 10,000 times more hearings on the incompetent management of our economy that led to the $16 trillion drop in household net worth.

And many of us believe that the specter of default on sovereign debt should never happen, it is unthinkable.

While it is important to periodically re-evaluate the effectiveness of every Federal program, I am increasingly concerned by indications that TRIA may only be extended for a short time, or not at all.

A failure to extend this program is unacceptable.

I believe that it is intellectually dishonest to believe that the Federal Government would not and should not step in following another large-scale terrorist attack.