Thomas A. Garrett

I have an amendment at the desk. The Acting CHAIR. The Clerk will report the amendment. The Clerk read as follows: At the end of the bill (before the short title), insert the following: Sec. __. None of the funds made available by this Act…

In light of the fact that this House just weeks ago voted * * * The Acting CHAIR. The gentleman will suspend. The gentleman has not been recognized for debate. Recorded Vote

At this time, I'd like to yield 3 minutes then to the gentleman from Georgia (Mr. Graves), who also has been a leader on this in order to make sure that this House does what the American public asks for, to live within our means and to…

At this time, I yield 3 minutes to the gentleman from South Carolina, who has been a stalwart leader in the legislation before us in trying to have the U.S. live within a balanced budget.

At this time, I am pleased to yield 2 minutes to the gentleman from Kansas who understands that this administration has failed our children by continuing to take from them so this administration can spend today.

At this time, I yield 2 minutes to the gentleman from Louisiana, a man who understands that our President has failed to lead by not presenting us a balanced budget, so he has presented one through the RSC, Mr. Scalise.

I think we have one more speaker. I yield 2 minutes to the gentleman from Georgia (Mr. Austin Scott).

Once again, Mr. Speaker, I would like to yield 3 minutes to the gentleman from Texas (Mr. Conaway).

At this time, I yield 5 minutes to the gentleman from New York (Mr. Grimm), the author of the underlying legislation and also someone who has been instrumental in making sure that we could work in a bipartisan manner to get it to the floor…

I was hoping the gentlelady had one more speaker. I was going to reserve, as we had one other speaker on the way, but let me just check. Without seeing him here, Mr. Speaker, I yield back the balance of my time.

At this point, I yield 3 minutes to the gentleman from Texas (Mr. Conaway).

At this point, I yield 5 minutes to the sponsor of the underlying legislation, the gentleman from Ohio (Mr. Stivers).

To deal with institutions that are accredited investors. Who is it that sets the standards for accredited investors? The SEC. So if your concern is that the level of accredited investors is not sophisticated enough to deal with the…

Just as we recognize that the American taxpayer has already been squeezed by such expenditures as $527 million for the failed loans to Solyndra, we recognize that they must put these on the record so we understand what they truly cost. And…

Well, I will very briefly. I understand that I've gone over the time that I was supposed to be speaking.

The point of that is, again, what? Basically investor protection here. What you don't want to have happen, I guess, is: Say I'm going to go out into the marketplace and start raising money, and as soon as the cash starts coming in I can…

Before you leave, tied to this is another one of the two last points I was going to raise, which perhaps you would like to illuminate on. The bill also requires that the intermediaries state a target amount that you're raising. You just…

Part of the other problem is that you may not find the interest actually by the broker-dealers if you're talking about a $25,000 or $50,000 or $100,000 enterprise. Is that another reason why you went this way? Mr. McHENRY. Yes. The idea is…

So he says on the one hand that the risk retention is most important; then he turns around and says that any loans with 4 percent down payment should be exempt from risk retention. I don't know very many loans that are at that level. So I…

At this point, I will yield that 30 seconds to the gentleman from South Carolina (Mr. Duncan).

I would just remind Members of what the leader on the other side said, wondering whether Members have actually read the bill. If Members do read the bill, they understand that Cut, Cap, and Balance, as provided before us, actually does…

We are also reminded that Jefferson said in 1816 that he sincerely believed that the principle of spending money today that we don't have, to be paid for by posterity, is but swindling future generations--something this Republican Party…

At this time I yield 1 minute to the gentleman from North Carolina (Mr. Coble).

I demand a recorded vote. The Acting CHAIR. Pursuant to clause 6 of rule XVIII, further proceedings on the amendment offered by the gentleman from New Jersey will be postponed. {time} 2040 Amendment Offered by Mr. Wu

If the gentleman will yield, I know I read through it quickly because I was asked to move along things quickly at the end of the evening, but one of the documents that I read was one of the comment letters. It was not from the Wall Street…