Senate Proceeding on Apr 27th, 2009 :: 3:01:20 to 3:08:45
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3:01:16 to 3:01:38( Edit History Discussion )

Chuck Grassley: distinguished cosponsor of bill, senator floor, and i yield to him. mr. grassley: mr. president? madam president. i'm sorry. senator from iowa. mr. grassley: thank you. i heard the kind remarks of the senator from vermont. i thank him f about this senator and thank hmmm for his cooperation on --

3:01:20 to 3:08:45( Edit History Discussion )
Speech By: Chuck Grassley

3:01:39 to 3:02:00( Edit History Discussion )

Chuck Grassley: and thank him for his cooperation on this bill, some things i very much interested in but also the legislation that he proposed i support as enthuse gas particularly as i do the rest of the bill. so, thank you, the senator from vermont. so i'm here obviously to speak in support of the legislation

3:02:01 to 3:02:21( Edit History Discussion )

Chuck Grassley: "fraud enforcement recovery that's been so thoroughly discussed by our distinguished chairman of the judiciary committee. as the lead republican cosponsor of this timely antifraud legislation, i believe it is a very important component, very important component to help get both the financial and the

3:02:22 to 3:02:44( Edit History Discussion )

Chuck Grassley: housing markets back on track. the fraud enforcement tools and resources provided in this bill are very, very necessary. they will ensure that the taxpayers' dollars that have been extended a shore up bank and financial institutions and

3:02:45 to 3:03:06( Edit History Discussion )

Chuck Grassley: and freddie mae and freddie mac and others aren't lost to fraud, waste, and abuse.?? this bill sends a very clear message to that their conduct will have repercussions from here on out. it will also make sure that

3:03:07 to 3:03:28( Edit History Discussion )

Chuck Grassley: money lost to fraud can be recovered through the false claims act. most help show the american people that we're we're doing something to try and prevent future fraud and recover moneys lost tohat fraud and

3:03:29 to 3:03:49( Edit History Discussion )

Chuck Grassley: that abuse. that is why i'm v cloture on this bill. now, early in the process bringing this bill to the floor, i explained to the democratic leadership that i wanted an open process for amendments to be considered on this bill before i

3:03:50 to 3:04:10( Edit History Discussion )

Chuck Grassley: supported the cloture tha that we'll be votg upon. the leadership honored that, and we had a number of amendments filed on this bill. we spent and disposed of a number of amendments to the bill. we have also -- we hav some

3:04:11 to 3:04:31( Edit History Discussion )

Chuck Grassley: other amendments that remain outstanding that are good amendments and should be debated on a housing or banking bill that's coming up in the very near future. so it's now time to pass this bill. our law enforcement need these tools, and they need

3:04:32 to 3:04:52( Edit History Discussion )

Chuck Grassley: these resources, and they need them n. that is why i'm going to vote for cloture on this bill. the taxpayers have been asked to shoulder an enormous burden at this time of economic crisis created by a credit crisis.

3:04:53 to 3:05:14( Edit History Discussion )

Chuck Grassley: they've shouldered an enormous burden, be it the bailout of economic stimulus bill that handed out $1 trillion, and more recently the omnibus appropriations bill loaded full of government spending. now, to my colleagues, whether

3:05:15 to 3:05:35( Edit History Discussion )

Chuck Grassley: or not you agree with these expenditures, we simply cannot allow these funds to be unprotected from fraud, waste, and abuse. this legislation ensures our law enforcement officials andur prosecutors have the tools necessary to enforce our

3:05:36 to 3:05:56( Edit History Discussion )

Chuck Grassley: laws and the resrces to hunt down it makes revisions to our criminal fraud laws to ensure that complex financial mortgage cris aren't ouide the scope of federal jurisdiction in the future.

3:05:57 to 3:06:17( Edit History Discussion )

Chuck Grassley: it also makes necessary corrections to our antimoney laundering laws to ensur recent supreme court decision doesn't limit the ability of our department of justice to go after criminals who launder their ill-got finally, and perhaps most

3:06:18 to 3:06:39( Edit History Discussion )

Chuck Grassley: importantly from the standpoint of this senator, the bill amends the ensure that taxpayers' money lost to fraud can in fact be recovered, and particularly when that recovery is associated with the patriotic

3:06:40 to 3:07:01( Edit History Discussion )

Chuck Grassley: work of whistle-blowers who make that known. back in 1986 i authored major revisions to the false claims act and did that so that we could fight fraud, particularly against government then more so

3:07:02 to 3:07:23( Edit History Discussion )

Chuck Grassley: than now by defense contractors. now it seems to be medicare health care industry. since those revisions were signed into law in 1986 by president claims act has recovered over $22 billion of taxpayer money.

3:07:24 to 3:07:44( Edit History Discussion )

Chuck Grassley: this power law taxpayers to act as private attorneys general by going to court on behalf of our government when they know of fraud against the these qui tam whistle-blowers are the heart and soul of the false claims act.

3:07:45 to 3:08:06( Edit History Discussion )

Chuck Grassley: they uncover fraud from the inside, bringing schemes to light taken for a ride. however, in recent years litigation fueled government defense and health care contractors legal loopholes that threaten

3:08:07 to 3:08:29( Edit History Discussion )

Chuck Grassley: the application of this powerful tool that has brought in $22 billion. this legislation thus ensuring go unpunished by simply navigating through the legal loopholes. this bill will help defer

3:08:30 to 3:08:45( Edit History Discussion )

Chuck Grassley: potential de-- deter potential defrauders from attempting to scam the government and the taxpayers. in addition, this legislation will help instill confidence back into the housing and financial markets, and i hope that my colleagues will join by