I urge the House Appropriations Committee to stay on a path to full utilization of the Trust Fund.

I think it is good communication.

Isn't it true that if we would have thrown off the shackles of unreasonable regulation, we would have had a faster, steeper recovery?

Isn't it true that the Obama Administration is the first Administration since World War II in the modern era which has not returned the economy to pre-recession levels?

But isn't it true that the labor force participation rates are at record lows?

Does the economy still need improving?

And even without this SEC extraction rule in effect, fraud will still be fraud and corruption will still be corruption. Both will still be illegal activities that should be punished to the fullest extent of the law. Voting for this…

Section 1504 of the Dodd-Frank Act was like many other provisions that were ultimately included in the sprawling law. They had absolutely no relationship to the underlying cause of the financial and housing crisis. However, some have used…

I would be happy to write a rule. I am not sure that the gentleman from Massachusetts would be happy with it. I am not sure that the SEC would be happy with it. Again, having that debate here in the well of the House, I was not here for…

I will point out, though, what my resolution does, is it directs the SEC to go back to the drawing board. It is not our job to write the rule. You are asking for that proposal. The SEC wrote a rule; it got struck down by the courts. They…

Despite the personal attacks happening on the floor here, I am glad to see that we are making real progress. Apparently, we are making an impact here. With that, I yield 1\1/2\ minutes to the gentleman from New York (Mr. King).

I have to commend my colleague. This is close, but this isn't horseshoes. Words have meaning. And I have to tell you that our underlying bill does actually do what you are talking about. {time} 1700 I will direct you to page 4. Page 4…

I claim the time in opposition. The SPEAKER pro tempore. The gentleman from Michigan is recognized for 5 minutes.

I maintain my opposition to this amendment. I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from Maryland (Mr. Raskin). The question was taken; and the Acting Chair announced…

I understand that the sponsor is a constitutional law professor. I direct the gentleman to 5 CFR 2638.305 and 5 CFR 2638.304, which read: The Chair of the SEC is required to receive in person annual ethics training as well as an initial…

I believe the sponsor of the amendment was in the Chamber when we were discussing this on the last amendment. Federal law, as well as SEC supplemental regulations, already govern ethics and conflicts of interest. It is well-known…

I would just point out again that this amendment does not hit the target. The SEC does not regulate financial institutions. 15 U.S.C. 78c defines the term ``financial institutions,'' and that definition includes a bank, a foreign bank, and…

Again, I think we are stumbling over the fact that my colleagues on the other side of the aisle believe that we are somehow paid by the words put into the Federal Registry here. The SEC is already covered by both governmentwide ethics laws…

I would just like to point out to all of my colleagues and to the American people that currently the SEC is under a court order to clarify how exactly they are doing their rulemaking. And there is a staff-level rule letter. With this…

I just find it a bit ironic that the other side is not interested in doing this cost-benefit analysis which is in the underlying bill here because it is too burdensome. But what do they want to do? They want to add more paperwork and more…

I claim the time in opposition to this amendment. The Acting CHAIR. The gentleman from Michigan is recognized for 5 minutes.

I am prepared to accept the amendment and support its immediate passage. I want to thank the sponsor for working with us to draft the language that is consistent with the SEC's tripartite mission to: number one, protect investors; number…

I will wrap up here by simply saying that the bill before us today is intending to clarify--or have the SEC, I should say, clarify what the goal and objective is of their proposed rule. Let's find out what they are trying to do, and then…

I feel compelled to point out to my colleagues that we are not paid by the word that is put into the Federal Register. I think, once again, you are hearing this example of more is better. It doesn't matter what the words say, just let's…

At this time I yield 3 minutes to the gentleman from Illinois (Mr. Hultgren), the vice chairman of the Capital Markets Subcommittee. {time} 1500