Jeb Hensarling

I now yield 3 minutes to the gentleman from Georgia (Mr. Scott), who is the lead cosponsor of this bill from the Agriculture Committee.

At this time, I'm pleased to yield 1 minute to the gentleman from Illinois (Mr. Hultgren), another leader on H.R. 634.

I now yield 4 minutes to the gentleman from New York (Mr. Grimm), an outstanding member of the Financial Services Committee and the coauthor and lead Republican on this legislation.

By inserting political considerations into the market, the Bank's activities do expose taxpayers to risks, while producing a less efficient economy than would otherwise occur in a free market without the Bank's interference.

I believe Ex-Im does pose risks to taxpayers, and it could be doing more to mitigate those risks, many of which have been identified by the Inspector General.

The Bank picks winners and losers in our economy by providing loan guarantees, export credit insurance, working capital guarantees, and direct loans to American exporters and purchasers of U.S. exports.

While I don't often find myself in agreement with statements coming out of the Obama Administration, I have found occasion to agree with them on the market-distorting power of the Export-Import Bank.

What we have to do is to get--the government has nationalized the housing finance market in this country.

I am unaware of any activities of either HUD or Treasury to work with Congress.

It is not hypothetical, Mr. Secretary, to the people who received this application, on penalty of perjury, if they didn't disclose their prayer lives to the IRS.

I think the American people would like to hear a little bit more from you and the President that the buck stops here.

So my hope is as Chairman of FSOC, you will work with us to assure more accountability and more transparency.

Americans deserve the truth. As public servants, we all take an oath to uphold the Constitution.

I don't know the level of responsibility that you and the President bear for this scandal, but I know it is not zero.

I commend President Obama and you, Secretary Lew, for taking swift action to restore public confidence in the IRS.

I'm under the impression I have the right to close, so the gentlelady has reserved. I will reserve until she is ready to close.

I would like to yield 1 minute to the author of the bill, the gentleman from New Jersey (Mr. Garrett).

I now proudly yield 1 minute to the distinguished majority leader, the gentleman from Virginia (Mr. Cantor).

At this time, I yield 1 minute to the chairman of the Financial Services and General Government Appropriations Subcommittee, the gentleman from Florida (Mr. Crenshaw).

At this time, I yield 1\1/2\ minutes to the gentleman from Frog Jump, Tennessee (Mr. Fincher).

I still have concerns, as do many, about the SEC devoting resources to a discretionary rulemaking dealing with corporate political reporting.

In a word, Mr. President, it is tyranny.

What the IRS did was wrong, because it tried to turn our citizens into subjects.

Like most Americans, I was both angered and appalled to learn of the IRS' campaign to selectively intimidate Americans based upon their political beliefs.

The American taxpayers have already put $200 billion into the mortgage finance entities.