Once again, the chairman said it more succinctly than I. I urge all Members to support the legislation. Mr. Chair, I reserve the balance of my time.

The gentleman said it more succinctly than I did in the last 4 minutes, and I thank him. The Acting CHAIR. The time of the gentleman from New Jersey has expired.

I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: At the end of the bill (before the short title), insert the following: Sec. __. None of the funds made…

The harm that has occurred is from the Dodd- Frank legislation, and the harm that has occurred by the FSOC designations is twofold. One, the large one, is the fact that it has given a regulator the ability to put financial institutions and…

I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: At the end of the bill (before the short title), insert the following: Sec. __. None of the funds made…

How much time do I have remaining? The Acting CHAIR. The gentleman from New Jersey has 1\1/2\ minutes remaining.

Again, I thank the gentleman, and I thank the bipartisan nature of what we are doing here on the floor this evening with this legislation and the two pieces of legislation that follow. It shows the American public that this House, when we…

At this time, I yield such time as he may consume to the gentleman from North Carolina (Mr. McHenry), the sponsor of the legislation. Mr. McHENRY. Mr. Speaker, I thank the chairman of the Capital Markets and Government Sponsored…

I appreciate the fact that the gentleman from North Carolina was able to bring about that hope and change to the gentlewoman. Mr. Speaker, I yield to the gentleman from California (Mr. McCarthy). Mr. McCARTHY. Mr. Speaker, I thank the…

I encourage my colleagues to vote ``yes'' on this very important legislation. I yield back the balance of my time. The SPEAKER pro tempore. The question is on the motion offered by the gentleman from New Jersey (Mr. Garrett) that the House…

I thank the gentlewoman for her work and her bipartisan effort on this legislation. I very, very much, as I said, thank the gentleman from Maine for all of his contributions to the Financial Services Committee. Mr. Speaker, today I urge…

Most importantly, the bill creates a seven-member oversight board to oversee their debt restructuring and to conduct financial audits. What would this board do? It would require commonsense actions like sustainable government programs to…