Tim Scott

This is not a place that lacks clarity. This is one of the few instances in law where, actually, the law is completely clear.

Sometimes when we pass laws in this country, the laws are ambiguous, hard to understand, not necessarily clear.

Nothing in this law shall be construed in a manner to favor or promote the use of grants and contracts for the receipt of child care services or disfavor or discourage the use of such certificates.

This new regulation will increase it to 33 percent.

After 40 hours, if you work more, you are supposed to get more.

As the gentleman from New York just indicated, in 1938,-- 1938-- Congress established 40 hours as a normal work week.

The overtime salary threshold has been allowed to erode so badly that today a worker earning less than the poverty threshold for a family of four still makes too much to be automatically eligible for overtime pay.

Last month the Department of Labor took a long overdue step towards addressing income inequality by restoring and strengthening overtime protections for millions of Americans.

And so if you have a full-time employee who has already worked 40 hours and a part-time hourly worker who has worked 20 hours and you got to get 10 more hours of work done, if you lay it on the 40-hour full-time worker, how much does it…

Zero. Is that right, Dr. Bernstein?

No, there would be no overtime because they would be exempt.

So that anybody making from about $23,000 could get a raise to over $23,000, everybody between 23 and 47 could get to 47 and it would cost you $265,000?

We have done all that because we think bailouts are bad. But I think we need to rethink what we mean by a bailout.

It concerns me that we have done so little to engage in a process of stopping that behavior.

I'm quite comfortable in that. You saw it in the chart that I showed earlier.

I think our guidance as proposed would rate projects that use cloud, use these more modern techniques.

It is our recommendation at this point that this is the best we can think of, in terms of how to go forward.

I appreciate the support this committee has shown for this important topic.

That is the greater risk. I am quite concerned about it, in total.

There is a data collection effort underway currently where we hope to gain better insight into actually what it is.

This is correct. One of the techniques we have used to estimate the level of legacy systems is I recently went to some of our key suppliers of network storage computer equipment and asked them to provide us data in terms of what they know…

In a recent televised interview, you compared the Iran deal to the North Korean deal in the 1990s.

ObamaCare imposed a new tax on--we call it the HIT tax--which has been delayed for a year.

Teamwork works, even in the United States Senate. It is a great thing.

My legislation does not create new government programs but rather focuses on private-sector investment.