distinguished member of the georgia. >> i thank you for yielding. i want to ask consent to submit a statement for the record, but i'm not want to read that statement. i want to respond to the gentleman from connecticut who said we need honesty in this discussion. it is a man from illinois -- a gentleman from illinois said there were several articles by scientists who disagree with the notion that humans are causing global warming. that will come into a surprise. is the world's foremost expert on sea levels. they have written many. articles.

from mit, on precipitation, john from huntsville, alabama. . . fred singer, responsible for leading the charge to get all our satellites in the air from northern virginia and the five awe authors of the first ipcc report who wrote in their scientific reports that there's no evidence that humans are causing any of this, those five sentences were removed by a bureaucrat who replaced those and said there's evidence that it was human caused. when asked under oath why he replaced them he said because of intense pressure from the top they have united states government. there are 32,000 scientists, there are 32,000 scientists, 9,000 ph.d.'s and 23,000 >> and then want to join the

deniers, gal layo and ine steen. he was sent a letter by 100 of the most important scientists in the world, who challenged him on his questioning of that science. he showed the letter to his friend. he said you would think one of them might have deduced a fact. that is all we ask. >> gentlemen's time is expired. >> mark this day, june 26, 2009. my colleagues, we have an opportunity to serve in a historic session of the conscience of the united states. we have an opportunity to take action that will make a major difference in the security and independence, an environment of our globe as well as our country. we have been given the privilege by our fellow stins to serve at a time of historic change, and meeting challenges

that were the subject of this past presidential campaign. in this past presidential campaign there were three magic candidates. you could perhaps name more, but there were two certainly at the end. and the campaign of senator mccain and senator obama had something in common. they were both for comprehensive cap and trade legislation. the candidate you supported, and the candidate i supported. they put an agenda of action before the american people that they would pursue if they were elected president of the united states. only one could be elected, but presumably both would follow through on their commitment, and this president has, and we are today. this is a transformative moment . this is a moment to build a clean energy future for our

country. this is a moment to create jobs in america. this is a moment to take on as long last a defining challenge of our time, global warming. i know my colleagues can seize this moment. if they only will. the substitute talks about a manhattan project. i think the sentiments expressed in the substitutes are good ones, the objectives are good ones. but america voted for action, not additional studies. america voted to make a difference, not to make a point. america voted for the change we could believe in. that is what this bill represents. i know that they can look back

from a future in which america is independent of foreign oil. there has been much talk about taxes. tragically almost every debate we have on this floor devolves into we are going to raise your taxes. my fellow americans know about having their expenses raised because the foreign poet tates who hold us hostage because they provide so much of our energy gave us a new tax at the gas pump, and every american remembers it. why? because we have not taken the action necessary to become energy independent. and so our gasoline prices at the pump for my commuters who drive sometimes an hour or hour and a half to get to work to support their families paid an additional $2.50 per gallon tax

imposed by those from abroad who provide us energy. this bill is about making sure that foreign interests cannot raise the expenses of our families. this bill is about making sure that we in america provide our energy, efficient energy, clean energy, energy that will not bring our globe to a heating process that will drown out what the navy calls the lit rals -- the lits, the sea shores where more of other people live. my colleagues, this bill, it is american clean energy and security act is a true turning

point. this is one of the historic actions well take not just in this congress, but as members of congress for how long long a tenure we may have. it is a complex bill because we face a complex problem. but we can sum up it's outcome simply, new american jobs, less dependence on foreign energy, a reduction in carbon pollution that cause gleable warming. how does it accomplish those goals? among its most important provisions, are a requirement that utilities make 0% of demand through renewable resources and energy efficiency by "20/20." i am old enough to remember the lines of the 1970's when you waited in line an hour, or two or three to put gasoline in your car so you could get your

child from school, get to work, pick them up from child care. america should have acted, but we did not. today we are going to act. significant new investments in renewables. carbon capture and sequestration, electric vehicles and cutting edge energy research. all of that is in this bill to take action. change that america can believe in, and energy saving standards for buildings, aappliances and or place. this cause banks to fund clean energy projects across america. america's ingenuity and entrepreneurial spirit. that is what this bill is about. that is why it is so important to america. it invests in high tech transmission lines to build the

official foundation for a more efficient grid. that is essential if the energy we produce can be delivered to those who need it in businesses and homes. nutrition lines comprised of superconducting cable will carry more power in existing rights of way with less land use. the result will be a more security and environmentally friendly grid. that is what this bill does. i worked with the chairman and others to insure those were included because they are such an important part of a more cost effective energy efficient future our done needs. the bill includes the reduction of our carbon emissions by 17% by "20/20." some would like to do more. some would like to do less. but we have reached a compromise. that is the legistlative process, and it is a compromise that can pass this house, pass

the senate, be signed by the president, become law and make progress. that is what our responsibility is. and then an a more than 80% reduction by 2050. we can fight about with cap and trade solution that was so effective in combatting as i had rain in the mid 1990's. global warming threatens each and every one of us. there was some disagreement last year until last year, president bush decided yes, global warming was in fact a challenge that must be met. this is not a partisan issue, but an issue on which we have reached consensus. >> global warming will affect the kind of lives our children will lead. to those who complain about the cost of the bill, i answer that

we are all paying the cost of carbon emissions already. as i mentioned earlier, paying the cost of being hostage to those abroad to provide our energy. the langer we wait to act, it is more we will pay year after year after year. but if we take action now, we can get jobs, growth, clean energy and energy independence for less than the price of a postage stamp a day for each of us. according to the e.p.a. and c. bmple f. with this bill passed and signed, the united states will finally be able to argue persuasively and creditably. we understand if the chinese do not act or the indians don't act, the air that they belch will soon come to this comment nent, and our children and families will be at risk.

this is a global problem, but america is the leader. america must lead, america must set the example. this bill does exact lie that. at the same time, action on global warming will send a powerful job created signal, spurring every part of the renewable energy economy. jobs, jobs, jobs. that is one of the reasons why the u.s. climate action partnership, a business coalition has argued that, and i quote, the way we produce and use energy must fundamentally change nationally and globally, and that this coming change represents an excellent opportunity for economic growth. that is why another coalition of 19 businesses including the pacific gas and electric cossak, duke energy, national grid, hmple p., starbucks and

nike, wrote to president obama and said this will dreyfuss into cost saving and energy-saving technologies and job creating innovation, creating the next wave of jobs in the new economy and provide the predictability we need to play for future business success. those are not my words. those are words of leaders in the corporate community who know something about innovation, enterprise and pre-markets. -- it's long been understood that acting on global warming is a moral necessity as well as an intellectual necessity. but now more and more of us are realizing that it makes powerful economic sense as well. madam speaker, let me as an aside thank you for your presiding at this time on this

historic bill and for presiding over so much legislation in such a fair and effective fashion. this house will miss your service, but the country will enjoy your continuing service. i thank you, madam speaker. madam speaker, a future of clean energy is well worth the price. a republican governor inaugurated in the state of maryland in his inaugural address said that the cost of failure far exceeds the price of progress. the cost of failure for the last three to four decades has cost this country. progress will be far less expensive than failure. my children, my grandchildren

and the generations to come will be either the beneficiaries of our stewardship or the victims of our neglect. i urge my colleagues this day to reject this substitute not because it is bad for the words -- words that it incorporates, because its effect would be to stop action so desperately needed by this country and this globe. i urge my colleagues, defeat this substitute, pass this bill, take this historic opportunity for our children, our grandchildren and generations yet unborn. i so a lot of power without any congressional oversight. now i really hate to do this, but when you file a 3----

300-page amendment at 3:09 a.m., the american people have a right to know what's in this bill. they have a right to know what we're voting on. let me get to the bottom of page 155. revision of a -- of appraising standards. each federal financial institution regulatory agency shall not later than six months after the date of the enactment of this act revise its standards for the performance of real estate appraisers in connection with federally related transactions under the jurisdiction of the agency to comply with the requirement under the amendments made by paragraph 1 of this section. so now we have to retrain every appraiser in america so that they understand this law, so they know how to properly appraise the value of someone's property.

oh. oh, i haven't finished. and they need to meet the requirements established pursuant to subsection f for qualifications regarding consideration of -- consideration of any renewable energy sources or energy efficiency. so every appraiser is not only going to be retrained but now we're going to send them all to school. let me get to page 157. the appraisal subcommittee, another new part of the bureaucracy, shall establish requirements for state certification of state certified real estate appraisers and for state licensing. of state licensed real estate appraisers to ensure that the appraisers are qualified to consider in determining the value of a property any renewable energy sources or energy efficiency or energy conserving improvements or features of the property. interesting. and the secretary on page 158,

shall require the housing assistance council to encourage each organization that receives assistance from the council with any amounts made available from the secretary to provide that any structures and buildings developed or assisted under projects, programs and activitied funded with such amounts complies with the energy efficiency standards under section 284-a of this subtitle. more power for a lot of unelected bureaucrats. then on page 160, the middle of the page is it says, in general, the secretary shall use amounts in the fund to provide loans to states and indian tribes to provide incentives to owners of single family and multiple family housing, commercial properties and building -- public buildings to provide renewable energy sources and it goes on and gives a hole long list. but there's no appropriation here for it -- a whole long list.

but there's no appropriation here for it. and then on page 164 we authorize another $5 billion and there's no idea where this money comes from. page 165, green banking centers, we're not going to do houses and commercial properties and multifamily housing, now we're going to have green banking centers. the federal banking agencies shall pry guidelines encouraging -- prescribe guidelines encouraging the establishment and maintenance of green banking centers to provide any consumer who seeks information on obtaining a mortgage home improvement loan, home equity loan with additional information. are you kidding me?

and i've heard of blackmail but now i know what greenmail really is. on page 170, the top of the page, section 299-f, the general accountability office reports on availability of affordable mortgages. really? after we drive the price of every mortgage up in america we're going to help them to do a report on affordable mortgages? guess what? they're going to be a hell of a lot more expensive. page 173, the secretary of housing and urban development may make commitments to a guarantee under this section and may guarantee the repayment of the portions of the principle obligations of eligible mortgages that are used to finance eligible sustainable elements for the housing that is subject to the mortgage. so now we're not going to guarantee the mortgage but we're going to guarantee the improvements to the property as

well. page 180, and i would direct all of your attention if you have a copy of this to section 3 of that page. the full faith in credit of the united states is pledged to the payment of all guarantees issued under this section with respect to principal and interest. oh, no, oh, no, no, no, it's here. it's right here. the full faith in credit of the united states is pledged to the payment of all guarantees issued under this section with respect to principal and interest. the term green portion means with respect to an eligible mortgage, the portion of the mortgage principal referred to in subsection 2 that is attributable as determined in accordance with the regulations issued by the secretary. so, we have a new government

program and we're going to guarantee this with the full faith in credit of the united states. and on page 184, on april 1 or a later date established by the administrator under subconnection j of the calendar year in which the term offset credit expires, the owner or operator holds for purposes of filing, demonstrating compliance or allowance or a domestic offset credit. i read it because i cannot tell what you that means. on page 190 at the bottom of the page it talks about aljay. on page 189 we got renewable biomass -- algae. on page 189 we have renewable biomass. this is the third definition of renewable biomass that we have just in the manager's amendment,

much less the bill. this caught my attention at the bottom of page 191, section 3, for vintage year 2012, are we talking about wine? let me get to page 280. carbon derivative markets. we already heard enough about credit default swaps, but i think most of you know that under this section the commodity exchange act is amended by striking or an agricultural commodity and inserting an agricultural commodity or any emission allowance, compensatory allowance, offset credit, federal renewable electricity credit established or issued under this act. so now we're going to let those governed under the cftc trade

these credits with others around the world. and on page 209, talks about the affect of derivative regulatory reform legislation. on passage of this legislation that includes derivative regulatory reform such as 351, 352, 355, 356 and 357 shall be repealed. any idea of the derivatives regulations that we're repealing in this bill? you probably didn't know we were doing it. and on page 210, to prevent an increase in greenhouse gas emissions and other countries -- in other countries other than the united states, i presume that means countries like india and china, to induce foreign countries and in particular fast-growing developing countries to take substantial action with respect to their

greenhouse gas emissions. india and china have made it perfectly clear to every one of us that they have no interest and will not go down this path. further goes on to ensure that the measures described in subpart 2 are designed and implemented in a manner consistent with applicable international agreements to which the united states is a party. in the very structure of the border provisions, however, makes this impossible to achieve andle "wall street journal" said the other day and suggested that this bill really could start a trade war and if we begin to try to impose our bureaucracy on other countries we could just have that. then we get to page 225. distribution of emission allowance repay thes. further down the page it -- rebates. further down the page it says pursuant to the entities in direct carbon factor as calculated under subsection 3-b.

can anybody tell me how to calculate an indirect carbon factor or what an indirect carbon factor is? let me get to page 226. not more than 85% of the united states imports for that sector are produced or manufactured in countries that have met at least one criteria, one of the criteria of that section, then the 10-year reduction schedule shall begin in the next vintage year. so now we're going to try to control imports from countries based on what they're doing with regard to their energy policy. use of data to determine factor,

page 231, where it is not possible to determine the precise electricity emissions intensity factor for the methodology in clause 1. in what instances would this -- would it not be possible it -- to determine what that is? let me get to page 233. in each eligible industrial sector every four years, using an average of the four most recent years of the best availability data, for the purposes of the list required to be published no later than february 1, 2013, the administrator shall use the best available data for the maximum number of years up to four years for which data are available. why every four years? what's this data used for? then it goes on, the administrator should limit the average direct greenhouse gas emissions per unit of output

calculated under paragraph 4 for any eligible industrial sector to an amount that's not greater than it was in any previous calculation under this section. so what's the cost of this provision? or on page 234, the administrator shall use data from the greenhouse gas registry established under section 713. how much is this going to cost? promoting international reductions in industrial emissions. page 236. congress finds that for the purposes of this subpart, can be most effectively addressed and achieved through agreements negotiated between the united states and foreign countries. it is the policy of the united states to work proactively under the united nations framework convention on climate change and other appropriate fora commits all major greenhouse gas emitting nations to contribute

equitably to the global greenhouse emissions. the bottom line of all of this is all pain for the united states citizens and no gain. then we get to page 237. the president shall provide a notification on climate change described in paragraph 2 to each foreign country, the products of which are not exempted under section 768. this is less than a fig leaf here. they're trying to pretend that this notification will satisfy the consultation required by the w.t.o. rules. it won't end there and it's going to result in retaliation against the united states exports. then we get further down on the pages, requesting the foreign country to take appropriate measures to limit the greenhouse gas emissions in those countries. so if they're really nice, they won't have to, but if we can, we can force them to adopt our