0:18:14 to 0:18:31( Edit History Discussion )

Ted Poe: for what purpose does the gentlewoman from ohio rise? capelinhos i rise to address the house for one minute. the speaker pro tempore: without objection. capelinhos mr. speaker, as the house approaches

0:18:31 to 0:19:11( Edit History Discussion )

Marcy Kaptur: a vote on the senate's -- ms. kaptur: mr. speaker, as the hoaches approaches the vote -- approaches a vote on the senate's financial bill, there is a credit crunch facing our banks. we must use

0:21:35 to 0:21:46( Edit History Discussion )

Ed Perlmutter: the fdic as we did in the 1980's to resolve thousands of problemmed institutions. in those days we had over $100 billion worth of resolution costing $1.8 billion to the insurance fund, not the

0:22:03 to 0:22:18( Edit History Discussion )

Ed Perlmutter: but rather to true value. that would unlock billions of dollars, $500 billion in the system today and would ease interbank lending. let's use the right medicine, not a band-aid as our deficit explodes

0:22:45 to 0:22:59( Edit History Discussion )

Dennis J. Kucinich: the house rejected and defeated the economic recovery bill in the stock market americans lost over $1 trillion. they lost over $1 trillion in their savings and their invest ments and in their

0:23:14 to 0:23:26( Edit History Discussion )

Dennis J. Kucinich: $700 billion, bice assets which have three different backstops to make sure that the taxpayer not only gets their money back but could perhaps make a profit. mr. speaker, americans' jobs

0:23:43 to 0:23:59( Edit History Discussion )

Lloyd Doggett: speaker pro tempore: for what purpose does the gentleman from colorado rise? om mr. per mutter: for permission to address the house for one minute. the speaker pro tempore: without objection.

0:23:59 to 0:24:11( Edit History Discussion )

Lloyd Doggett: mr. perlmutter: thank you, mr. speaker. third quarter data released yesterday highlighted the decrease in home values in 24 out of 25 metropolitan areas, and jobless claims rose to a seven-year

0:24:28 to 0:24:38( Edit History Discussion )

Lloyd Doggett: we must do what we can to help america and its families. so i support the financial legislation, which has been proposed and is coming to us from the senate. i encourage the treasury

0:24:50 to 0:25:07( Edit History Discussion )

country. this is one of the most important pieces of economic legislation we've had in decades. and clearly the fluctuations in the markets over the pasfew days and the credit crisis we

0:25:23 to 0:25:39( Edit History Discussion )

and i yield back, mr. speaker. the speaker pro tempore: the time has expired. for what purpose does the gentleman from ohio rise? >> i ask permission to address the house for one minute

0:26:09 to 0:26:21( Edit History Discussion )

John Jr.Conyers: fairness, frugality and faith are being sacrificed to greed. the senate took a dreadful bill that failed on the house floor, made no substantive changes for protection for investors and

0:26:39 to 0:26:51( Edit History Discussion )

John Jr.Conyers: give money from banks so we take toxic assets and return. the proble m is people can't pay for their mortgages. and their homes are in danger. got to remember this. if this bill passes it doesn't

0:27:05 to 0:27:20( Edit History Discussion )

John Jr.Conyers: wake up, america. the speaker pro tempore: for what purpose does the gentleman from texas rise? mr. doggett: mr. speaker, i ask to address the house for one he minute. the speaker pro tempore:

0:27:35 to 0:27:48( Edit History Discussion )

John Jr.Conyers: he's buying preferred stock. why should american taxpayers get anything less? why does he buy the preferred and we buy the leftovers? i share my neighbor's concerns about the impact of some in washington

0:27:59 to 0:28:12( Edit History Discussion )

John Jr.Conyers: demand. i yield back. the speaker pro tempore: the time has expired. >> mr. speaker. the speaker pro tempore: for what purpose does the gentlewoman from california rise? >> i ask unanimous

0:28:24 to 0:28:37( Edit History Discussion )

John Jr.Conyers: 7221. the speaker pro tempore: without objection, so ordered. pursuant to clause 8 of rule 20, the chair will postpone further proceedings today on motions to suspend the rules on which a

0:28:47 to 0:29:01( Edit History Discussion )

John Jr.Conyers: the gentleman from michigan rise? mr. conyers: mr. speaker, i move to suspend the rules and pass the senate bill s. 3197. the speaker pro tempore: the clerk will report the title of the

0:29:30 to 0:29:43( Edit History Discussion )

Chris Cannon: for not less than 90 days. the speaker pro tempore: pursuant to the rule, the gentleman from michigan, mr. conyers, and the gentleman from utah, mr. cannon, each will control 20 minutes.

0:29:58 to 0:30:09( Edit History Discussion )

Chris Cannon: their remarks and include extraneous material. the speaker pro tempore: without objection, so ordered. mr. conyers: and a i yield myself such time as i may consume. the speaker pro tempore: the

0:30:21 to 0:30:35( Edit History Discussion )

Chris Cannon: that exceed the modest thresholds and t thereby forces the debtor into a multiyear repayment plan. . this bill accepts qualifying nati onal guard and reserve members from that presumption of

0:30:51 to 0:31:06( Edit History Discussion )

Chris Cannon: since 9/11, many serving multiple tours of duty, the financial toll on their families has been severe. it's estimated that up to 26%6% of national guard members deployed experience money

0:31:20 to 0:31:37( Edit History Discussion )

Chris Cannon: 2001, and for a year and a half ayefter they leave service. i'm heartened to know that we now have the opportunity to provide this modest but important relief to these brave men and women

0:32:10 to 0:32:39( Edit History Discussion )

Zoe Lofgren: i'm happy that the house is able to complete today the congress' consideras'tion of this bipartisan legislation. as we have stated at every turn, republicans strongly support the mission and

0:32:55 to 0:33:10( Edit History Discussion )

Zoe Lofgren: a helping hand under the bankruptcy code. earlier this session judiciary committee re publicans labored long and hard to achieve a workable compromise thate would help these willing warriors.

0:33:26 to 0:33:40( Edit History Discussion )

Zoe Lofgren: we struck. the senate has added one amendment, but it is tecenhnical in nature and was sought by the administrative office of the united states courts. i urge all members to support the passage

0:33:54 to 0:34:05( Edit History Discussion )

Chris Cannon: us for sure mr. reservists and guardsmen are using the relief granted by the bill when it is their service that leads to bankruptcy not other factors. when the bill reaches its three-year

0:34:05 to 0:34:18( Edit History Discussion )

Chris Cannon: sunset we will know for sure whether it's breeing abused in cases lacking the necessary link to service. if it is being abused, we'll be able to address that abuse at the time that theme re-authorization

0:34:32 to 0:34:46( Edit History Discussion )

Chris Cannon: from california.ca i made as the chairman of the subcommittee on commercial administrative law that has oversight over the bankruptcy act a promise that we would reconsider this bill. that was done

0:35:03 to 0:35:16( Edit History Discussion )

Chris Cannon: of many other people. thank you, mr. speaker. i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the gentlema n from michigan. ga mr. conyers: mr. speaker, i'm

0:35:41 to 0:35:55( Edit History Discussion )

Zoe Lofgren: access to relief through the bankruptcy courts. that's the l east we can do. to assist these fine men and women. but i rise also to say that there are other things that are not yet before us

0:36:07 to 0:36:21( Edit History Discussion )

Zoe Lofgren: is any provision that deals with the primary mortgage -- mortgage on a primary residence that might be one of many tools to deal with the underlying crisis that has created this worldwide

0:36:36 to 0:36:59( Edit History Discussion )

Chris Cannon: separately. and i just wanted to -- we were here earlier in the week. i complimented my colleague from utah saying that -- it was unlikely we would be on the floor together again because he

0:36:59 to 0:37:13( Edit History Discussion )

Chris Cannon: is not returning, but heree we are. and i would just like to compliment him for the hard work and discussions that he has been put in behind the scenes over this last several weeks to

0:37:25 to 0:37:36( Edit History Discussion )

Chris Cannon: am quite optimistic we be will be successful in that effort that would be very important for our country. i see the gentleman standing there. i wonder if i could yield to him if he wishes to make

0:37:50 to 0:38:06( Edit History Discussion )

Chris Cannon: at theeal cause here, or the real cause of what i think should be the rage is that this has been done in a way that has been mandated, directed, expected that we would respond without much

0:38:21 to 0:38:32( Edit History Discussion )

Chris Cannon: recognize the opportun ity to demand a transparent government. there was no reason why the administration couldn't have made its three-page proposal available not as a legislative demand