I thank the gentleman for yielding. I just want to tell the gentleman that I support his amendment. I think it adds a great deal to this legislation, and I commend him for it.

I thank the gentleman for yielding, and I thank the gentleman for his leadership on this issue. The gentleman knows that I have the same concerns he has on this executive order, and I think his amendment adds a great deal to this bill, and…

I thank the gentleman for yielding as I want to make this point. Existing law already exists as it relates to sanctions with the countries we're talking about, but I think it is very important, since we're talking about a national…

I yield myself the balance of my time. Mr. Chairman, this is an interesting debate just simply on this amendment because I would point out to my colleagues that there has been a lot of reference on the floor today about the Senate's doing…

I thank the gentleman for yielding. I think the gentleman's amendment adds to this legislation, and we support his amendment.

If the gentleman is prepared to close, I am prepared to close. Mr. DeFAZIO. I am prepared to close, and I yield myself such time as I my consume. The majority leader just put out some very impressive statistics on the possible potential…

I thank the gentleman for yielding. I want to respond to my good friend from Oregon's statistics. What I said is that the production is down from when the President took office. And that, of course, is true. The gentleman makes the…

I yield 1 minute to the sponsor of this legislation, the gentleman from South Carolina (Mr. Duncan).

I think the gentleman's amendment adds a great deal to this legislation, and I support your amendment.

Reclaiming my time, we believe that this provision in Dodd-Frank is contrary to the agreement because the only moneys--and I'll get to this point. I was going to get to it later, but I'll get to it right now. The only moneys that go to…

Reclaiming my time, I simply said that there is a pattern in this administration and with my friends on the other side that they oppose that. I'll let others draw that conclusion. I will be glad to yield to the gentlelady.

Reclaiming my time, I think if you go back and look at the bills that have come in front of this body before in the last Congress--in fact, later on today--you will find that the overwhelming opposition to that legislation, if it's going…

I yield myself the balance of the time. Let me clarify just a few major points here. First of all, the President did not say he would veto it. He said he had a concern. I accept that. But the President did not say he would veto this…

I am prepared to close if the gentleman is prepared to close. Mr. DeFAZIO. Mr. Speaker, what we've heard here today is that by modifying this agreement, by preventing disclosure of payments by big oil companies to foreign governments which…

I reserve the balance of my time. Mr. DeFAZIO. May I ask the Chair, how much time remains on either side? The SPEAKER pro tempore. The gentleman from Oregon has 13\1/2\ minutes. Mr. DeFAZIO. Okay. Does the gentleman have more speakers or…

I am very pleased to yield 5 minutes to the author of this legislation, a member of the Natural Resources Committee and of the Foreign Affairs Committee, the gentleman from South Carolina (Mr. Duncan).

I will be more than happy to yield to my friend on that point. I assume he wants to talk about that, and I'm more than happy to engage in that debate. Mr. DeFAZIO. Mr. Chairman, thank you for yielding. I believe Ms. Waters stated very…

I just want to point out, the gentleman, my good friend from California, is talking about revenue loss. I just want to make this point: the CBO says this legislation will create $1.5 billion to the Federal Government. I thank the gentleman…

At its most basic level, the Magnuson-Stevens Act works.

That is a key reason I am so concerned with the ocean and coastal zoning plan that this Administration is pursuing under the guise of the National Ocean Policy.

I thank the gentleman for yielding time, and I rise in strong support of the rule and the underlying legislation covered by the rule. Mr. Speaker, in our country today, millions of Americans continue to search for work, the national…

I hope we will also hear other suggestions for how the Magnuson-Stevens Act could be modified to provide for better management of our fisheries, and the red snapper fishing in particular.

Red snapper is one of the most valuable fisheries in the Gulf of Mexico.

The Magnuson-Stevens Act requires sound, scientific information to be effective.

The management of red snapper cannot be considered one of those success stories.