Andy Barr: “I thank the gentleman from Pennsylvania (Mr. Reschenthaler) for yielding. I rise to oppose the previous question so that…”

“I thank the gentleman from Pennsylvania (Mr. Reschenthaler) for yielding. I rise to oppose the previous question so that we can immediately consider Representative French Hill's H.R. 8589 to prohibit the Securities and Exchange Commission from trading its independence and statutory authority away in the name of alarmist climate advocacy. The proposed climate change rule from the Securities and Exchange Commission will further crush our fragile economy, and struggling families will ultimately pay the price. Mr. Speaker, yesterday, the Bureau of Labor Statistics released the Consumer Price Index numbers for the month of August. As has been mentioned already today, CPI surged to 8.3 percent, above projections, still a 40-year high, showing that this inflation crisis is not going away anytime soon. Americans are paying more for everything, and rising prices continue to wreak havoc on farmers, middle-class families, and small businesses struggling to stay afloat all across America. Of course, Democrats' overspending for the last year and a half has produced excess demand, pushing up prices, but no amount of Fed tightening can fix the inflationary supply-demand mismatch without also addressing the supply side. At the heart of this inflation crisis is the Biden administration's war on American energy production. This policy of deliberately constraining the supply of energy is taking its toll on the American people.…”