reserve. i'm indeed grateful pleased and privileged to moderate this discussion. not only of two of the the leading scholars and commentators on central banking and the global financial system that two of my most favorite authors. to my left, the author of a truly wonderful book which i highly recommend. which is about the global central bankers of the 1920s and '30s and how we were unable to avoid the catastrophe that occurred. this book you could say won the trifecta, the 2010 pulitzer prize. he was a professional investment manager for a number of years. worked with world bank. is kurnly on the board of trustees of brookings institution, and also serves on the state department foreign affairs board. he will speak first followed by simon johnson, who is a professor of entrepreneurship for school of management and the author of many works. my favorite being 13 bankers. which is best book contributed to the financial crisis. if you don't read any other books for the next few months, they are t

reserve. so these constitutions acted in uncoordinated and often competitive way. the third problem in the 1930s was the gold standard. at the time, countries and the whole financial system relied -- the fundamental reserve asset was gold. so under the federal reserve act, federal reserve banks had to hold 40% of their liabilities in the form of gold. the remainder they could hold in the form of commercial paper. interestingly enough, they weren't allowed to hold government bonds as an asset against their liabilities because this would be -- this would be viewed as a form of deficit -- of monetary financing the deficit. so in 1931 when britain left the gold standard, there was a run on the dollar, there was a run on gold reserves in the united states. actually the united states had very large access reserves of gold. but because the commercial paper market had dried up, there was almost an artificial shortage of gold because they could -- they either had to hold gold or commercial paper. that

the federal reserve act. and others saying, i think carter glass quotes and others saying, once we get this thing in place or now that this is in place, there won't be panics any more because people will know that there is someone there to act as lender of last resort to head off the panic. it's clear that that didn't work. not only in the '30s but in 2008. i think part of the issue was this business of so much migrating to the nonbank financial sector. that used to be thought of as a plus. you had banks, nonbanks. >> chairman greenspan once referred to it as a spare tire. the tire is flat. >> exactly. the spare tire is flat. all the tires were flat at the same time. >> and there was the fed trying to pump air in a tire with a hole in it. >> exactly. >> i'm sort of convinced the essence of monetary policy is picking the right simplistic cliched metaphor at the right time. >> that doesn't come back to haunt you later. >> true. the trouble is the wrong simplistic metaphor can do great damage. >> right. i think

i am not opposed to building additional product reserves, but i have reservations. a much shorter shelf life in a much more direct impact on the american consumer guarding against the use for political purposes should be an enduring concern for all of us. and i am not opposed in principle to revising the emergency release authorities as the administration and some of my colleagues have proposed, but i am wary of proposals that expand the power and ability of the federal government intervene in the free market. preemptive release must be carefully examined, and while the quadrennial energy review briefly discusses this proposal, ii do not think the administration has made a convincing case and look forward to discussion on that. final peemack, and i raise raise this in the white paper released in july, strategic petroleum reserve does not exist in a vacuum. the transatlantic pipe kind -- pipeline is important to national security. we security. we are seeing a decline in a deeply troubling place. we have the resources to ensure that it does. our focus should be pruned

i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. the gentleman from new jersey. mr. frelinghuysen: i'm pleased to yield five minutes to the chairman of the appropriations, the gentleman from kentucky, mr. rogers. the chair: the gentleman is recognized for five minutes. mr. rogers: mr. chairman, i urge our colleagues to support this defense spending bill for 2015. this bipartisan legislation provides $491 billion in discretionary funding for our nation's highest duty, and that is the security of the country. and the sustainment of our military operations. and the well-being of the brave men and women of our armed forces. the bill before you today, mr. chairman, will help meet the most pressing needs of our military as we address current and arising threats to the safety of our nation in an ever-changing global landscape. it also takes into account the ongoing challenges of our current fiscal situation. finding ways to trim excess spending and reduce lower-priority programs without negatively affecting our troops or the success of our

kirk i, kirk reserve. the speaker pro tempore: -- mrs. kirkpatrick: i reserve. the speaker pro tempore: the gentleman from colorado. mr. lamborn: i'd like to recognize the gentlelady from indiana who is a member of the veterans' affairs committee and has made very solid and important contributions for veterans, for three minutes. the speaker pro tempore: without objection. ms. walorski: thank you, mr. chairman. i rise today in support of house resolution 5404, this legislation will continue to protect many of america's veterans who swore to protect and defend this great nation. including 54,000 in my district who depend on the v.a. for care and support. earlier this summerers i served as a member of the v.a. conference committee and my fellow conferees and i were able to work together and again proving that helping vets is not political or partisan, it's american. when that legislation was signed into law, i said it was the first step forward, reforming the v.a. today's legislation is yet another step in the right direction. house resolution 5404 would extends a

hastings: i reserve. the speaker pro tempore: the gentleman reserves. the gentleman from arizona is recognized. mr. grijalva: thank you very much. let me yield as much time as the gentlelady from new york, ms. mention, will consume the sponsor and author of the legislation. the speaker pro tempore: the gentlelady is recognized. ms. meng: i rise today in support of my legislation, the flushing remonstrance study act, h.r. 3222. this bill directs the secretary of the interior to conduct a special resource study of the flushing remonstrance and significant local resources. the flushing remonstrance is not only an important part of my local history, but also a significant event in our nation's history. the flushing remonstrance is recognized as a precursor to the first amendment and our nation's commitment to the freedom of religion. during these troubling times in which religious freedom is not a globally recognized right, it is especially important to remember the history of our great nation and the heroic actions taken by those before us to ensure indivi

in arizona; one in oregon; and this indian reservation, the tulalip reservation, a little more than an hour's drive north of seattle, washington. theresa pouley has served as chief judge on the tulalip tribal court since 2009. she says the responsibility to prosecute offenders on indian reservations belongs to tribal courts. >> the confused jurisdiction in indian country which leaves those responsibilities oftentimes to the state and federal government, who don't effectively prosecute those crimes, creates this place where you have a category of people on indian reservations who are essentially above the law. >> reporter: what does this tribal provision in vawa do to help close that gap? >> it allows me to treat all domestic violence perpetrators exactly the same, indian or non- indian. so i have authority over indians who commit that crime. this just gives me authority over non-indians who commit the exact same crime. >> reporter: since march of this year, the tulalip tribal prosecutor has brought charges against five alleged non-indian domestic violence defendants. as of this airi

i reserve. the speaker pro tempore: the gentlelady reserves. the gentlelady from new york is recognized. ms. slaughter: madam speaker, i yield a minute and a half to the gentlewoman from the district of columbia, who was not able to testify before those 12 men, ms. norton. the speaker pro tempore: the gentlewoman is recognized for a minute and a half. s. norton: i thank the gentlewoman for yielding. i particularly appreciate the opportunity to speak since i was denied the courtesy of speaking on a bill that targets my own district. madam speaker, the only thing worse than tarring thing the reproductive health of the nation's women is reaching beyond that to do even greater damage to the women of a local jurisdiction, to permanently keep the district of columbia from spending its own local funds on abortion services for poor women. as 1 states do, among them alaska, alabama, montana, hardly bastions of liberalism. mind you, such spending is already barred in the annual d.c. appropriation. imagine this,ips, strips the district of columbia of its

i reserve. the chair: the gentlewoman reserves. mr. schweikert: i reserve. the chair: the gentleman from arizona reservings. the gentlewoman from california is recognized. ms. waters: i yield to mr. sherman, two bhints. the chair: the gentleman is ecognized for two minutes. mr. sherman: this bank is important. that's why ronald reagan said in 9 4, the export-import bank contributes. amendment.t adopt an now this amendment deals with accounting. as co-chair of the c.p.a. caucus, i understand the importance. as a crmplet p.a. we are the refer fees that make shure that accounting rules are followed. the amendment talks about fair value accounting. don'ton fuse fair-vamhvamue accounting. it is not the same as generally accepted accounting principles. stick with those principles, stick with the principles consistent with the c.b.o. and those principles show you that the bank makes money for the treasury and transfers are half a billion a year. we don't look at whether the bank is making money, but whether they would be making money if we lived in a fair world. so

the chair: does the gentleman from north carolina reserve? >> i reserve. the chair: the gentleman from -- for what purpose does the gentleman from pennsylvania rise? mr. fattah: i rise in opposition. the chair: the gentleman is recognized. mr. fattah: they must have some special kind of deer in north carolina. thear running around in the woods with bulletproof vests on. the idea that a sportsman needs an armor piercing bullet to go after deer, i mean, i don't buy it but if you're willing if the majority is willing to buy it at this hour of the night it's fine with me. on a serious note, for those who are in law enforcement, who are out in dark alleys and who have to confront circumstances that they don't know the exact dangers that they're going to face the fact that we want to have weapons that suppress the sound, now we want to have bullets that can pierce armor and that we want to make sure that under the guise of the second amendment that you can have all manner of armament, you know, without any type of reasonable speed bumps that might protect the am

does the gentleman continue to reserve? mr. carter: i continue to reserve. madam speaker, i can yield to someone to speak. did she reserve. the speaker pro tempore: the gentlelady has reserved. mr. carter: at this time i'd like to yield to austin scott of georgia two minutes. the speaker pro tempore: the gentleman from georgia is recognized for two minutes. mr. scott: thank you -- thank you for yielding thank you, madam speaker. as i listen to this debate and watched as some of the people talked about what our duty was and was not as members of congress, i thought i might come down and read the oath that we as members of congress take. and it is simple. i do solemnly swear or affirm that i will support and defend the constitution of the united states against all enemies foreign and domestic, and that i will bear true faith and allegiance to the same, that i take this obligation freely without any mental reservation or purpose of evasion and that i will well and faithfully discharge the duties of the office on which i am about to enter, so help me god. ladies

-- i reserve my time. r. lieu: i yield back my time. mr. chaffetz: i appreciate the gentleman's work. this is a good example of us working together on both sides of the aisle. we passed this smoothly out of committee and i urge its adoption here today. i yield back. the speaker pro tempore: the gentleman yields back. the question is, will the house suspend the rules and pass h.r. 3116. those in favor say aye. those opposed, no. in the opinion of the chair, 2/3 being in the aaffirmative, the rule is passed an without objection the motion to reconsider is laid on the table. for what purpose does the gentleman from utah seek recognition? mr. chaffetz: i move that the house suspend the rules and pass s. 994 to designate the facility of the united states postal service located at 1 walter hammond place in waldorf, new jersey, as the joseph aff sergeant d'augustine post office building. the speaker pro tempore: the clerk will repot the title. to er: h.r. 99 -- s. 994, designate the facility of the united states

with that i reserve. the speaker pro tempore: the gentleman from new jersey reserves the balance of his time. the gentlewoman from wisconsin is recognized. ms. moore: thank you so much, mr. speaker. i rise in strong support of mr. garrett's bill, h.r. 4569, which was favorably reported from the house financial services committee and championed by my friend from new york, mrs. maloney. i'd like to associate myself with the long and extended explanation by mr. garrett of new jersey and just to say, mr. speaker, that in short this bill will make discrows ures that public companies make more streamlined, manageable and user friendly. i really appreciate the participation of my good friend, representative maloney, who really worked hard to make sure that this legislation was balanced and it included language to emphasize that we needed to reduce burdens on companies but we need to preserve investment protections. so given the changes that maloney made with the maloney amendment, i strongly support the legislat

the federal reserve, like other central banks, weilds powerful tools. democratic accountability requires that the public the able to see how, and for what purposes those tools are being used. transparency is particularly important anytime like the recent one in which the federal reserve has been compelled to take unusually dramatic action, including the provision of liquidity to a wide range of financial institutions and markets that did not normally have access to the fed's discount window, to help stabilize the financial system and the economy. what types of transparency are needed to preserve public confidence? at the most basic level, a central bank must be clear and open about its actions and operations, particularly when they involve the deployment of public funds. the federal reserve routinely makes public the information on all aspects of those activities. since the crisis, and has greatly increased the quantity of an detail of the regular reports to the congress and to the public. importantly, contrary to what is sometimes asserted, all of the

the chair: the gentleman reserve s? mr. farr: i reserve. the chair: for what purpose does the gentleman from florida seek recognition? >> claim time in opposition. the chair: the gentleman is recognized for five minutes. >> thank you. i'm glad this amendment is here. president obama said, and i quote him that his policy are he said this a while ago, to help promote the cuban people's independence from cuban authorities. mr. diaz-balart: now no one can claim that the cuban military and the cuban intelligence community and their direct family members are not the cuban authorities. nothing has more authority than those two things system of let's unmask what this amendment does. the language in the mark, in the bill, simply affirms that we should not send exports to, make this very clear, the cuban military or the intelligence community, nor their immediate families. so unmasking this amendment, what this amendment is saying is, no no, we do support and do want to do business with the cuban military and the cuban intelligence services and their

does the gentleman wish to reserve? the gentleman reserves. the gentleman from virginia is recognized. mr. goodlatte: mr. speaker, i continue to reserve. the speaker pro tempore: the gentleman continues to reserve. the gentleman from michigan is ecognized. mr. conyers: i'm going to close, mr. speaker. the speaker pro tempore: the gentleman is recognized. mr. conyers: how much time remains? the speaker pro tempore: the gentleman from michigan has three minutes. the gentleman from virginia has 2 1/4 minutes. the gentleman from michigan is recognized. mr. conyers: thank you. the definition of specific selection term includes a phrase -- pursuant to the statute authorizing the provision of information -- and that's intended to keep the definition within the four corners of the statute. in will now be an amicas the court to have the expansive reading of this text. ke reading that took relevance in section 215 to mean all called detailed records, end quote, are inconsistent with the plain meaning of the law. under this bill any fisa court opinion in

miss rice: i reserve. the chair: the gentleman reserves the balance of his time. -- >> i reserve. mr. simpson: i claim time in opposition. my understanding that the gentleman going to withdraw the amendment? >> i >> i will withdraw my amendment. mr. simpson: this house adopted an amendment from our colleague from michigan, mr. huizenga, to meet the annual targets set for the water resources development act of 2014. we hit the target we all agreed to. additionally while i take issue with some of the regulatory change this is administration is pursuing the corps does not funding for processing permits in a timely manner. the law already eliminates funding, we don't want to slow down other activities. for these reasons i oppose the gentleman's amendment. i certainly understand his concern and desire with this amendment. >> thank you, mr. simpson. mr. rice: i withdraw my amendment. the chair: the gentleman's amendment is withdrawn. further amendments? the clerk will read. the chair: are there further amendments? the clerk will read. the clerk: page 6, line 3, regulatory program $200 m

with that i reserve my time. the chair: the gentlelady reserves. the gentleman from minnesota is ecognized. the gentleman reserves? the gentlelady from texas is recognized. ms. jackson lee: as i close, again, my amendment is information to be part of the solving of the problems. i want more students to graduate from high school and i want them to have students, broad based. let me close on this note. many people ask about the value of historically black colleges, hispanic serving, native american institutions. you know what, mr. speaker, mr. chairman, there are enough students not in college today that will fill all of the universities, all of these universities have a rightful place and the history of historically black colleges, traveling through the years of postslavery is a great opportunity to continue to serve now with native american serving institutions and hispanic serving institutions, i'm delighted that this amendment is put before this body and i ask my colleagues to support the jackson lee amendment that will create more opportunity an

i reserve my time. the speaker pro tempore: the gentleman's time is reserved. the gentleman from massachusetts. mr. mcgovern: mr. speaker, i yield one minute to the gentleman from oregon, mr. defazio. the speaker pro tempore: the gentleman from oregon is recognized for one minute. mr. defazio: well, there are two real crises before us and the republican's response is the legislation was withdrawn yesterday, as it should have been, but the other wasn't on the table in any form. 236 new fires started in the western united states last night. there are 44 large fires -- 31 large fires uncontained and the forest service and b.l.m. are running out of money and the senate bill, grant it, it didn't pass, but in the president's request there was firefighting money. they don't care about the loss of resources, the potential loss of life and loss of property that's going to result. when those agencies run out of money, they can't stop fighting the fires, but they have to cut back on programs, preparedness and things that would mitigate the disaster of future fires, deal w

so they gave the federal reserve... i don't know if it's a bigger or smaller responsibility, but a big responsibility for the detailed day to day supervision as i understand it of a mixture of banks and non-banks. and i... first of all, i don't want the non-banks supervised that closely. but i think in the distribution of authorities among regulatory institutions, it's really the federal reserve that naturally. that should be surveying the whole world, so to speak. it's the federal reserve that has the best, easiest connections with foreign regulators. it's important. we don't discuss it, but a lot of the stuff we're talking about better be pretty uniform. >> rose: everybody now knows that this was a global problem. and that we need in the future global coordination. yes? >> uh-huh. >> rose: how does that manifest itself? >> there is an organization, financial service which is was renamed financial services board where the g-20 some time ago, presumably to give them a little more cloud or something. but this is an arran

with that, i reserve. the speaker pro tempore: the gentlelady reserves. the gentlelady from north carolina reserves. the gentlelady from new york. ms. slaughterer: may i inquire how much -- ms. slaughter: may i inquire how much time is left. the speaker pro tempore: the gentlelady has 10 minutes remaining. ms. slaughter: and my opponent. the speaker pro tempore: the gentlelady from north carolina has 11 minutes. ms. slaughter: thank you very much. i'm pleased to yield one minute to the gentlewoman from new york, mrs. maloney. the speaker pro tempore: the gentlelady is recognized for one minute. mrs. maloney: i thank my friend for yielding and for her great leadership. mr. speaker, i rise in strong opposition to h.r. 461, to create a select committee on investigating planned parenthood. i take very seriously the congressional responsibility to investigate wrongdoing and improve transparency. but this panel is not at all about due diligence. it is about purely partisan olitics. six states have already investigated planned parenthood and found nothing. four

pallone: i'd continue to reserve. the chair: the gentleman from new jersey reserves. the gentleman from texas is recognized. mr. barton: i would -- i would yield on behalf of congressman uellar one minute to mr. ryan. the chair: the gentleman from ohio is recognized for one minute. mr. ryan: i thank the gentleman. i'm normally on the opposite side of the gentleman on the congressional baseball team and normally with congressman doyle so i hope we can win this one against congressman mike doyle. so i thank the gentleman for the opportunity. two or three points i'd like to make, mr. speaker. one, in ohio this ban means -- lifting this ban means 16,000 jobs in ohio. almost $3 billion in investment. our friends in the operating engineers and the laborers who will do that work are supportive of this bill. i know we have some issues with the refineries and i think we need to continue to work on that and see if we can fix that issue. we have a number of studies that say the savings to the american consumers will be anywhere from two cents a gallon all the way up to 12 cents

i reserve. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from new york. mr. crowley: i inquire the amount of time left on both sides. the chair: the gentleman from new york has -- the speaker pro tempore: the gentleman from new york has 25 minutes remaining. the gentleman from michigan has 25 1/2 minutes remaining. mr. crowley: thank you. i yield two minutes to the gentleman from michigan and the ranking member on the ways and means committee, mr. levin. the speaker pro tempore: the gentleman from michigan, mr. levin, is recognized for two minutes. without objection. mr. levin: well, we've been adamant about a clear, clean debt ceiling vote. and now it's happening. it should have happened the last time. and because of the republican position, a high price was paid. jobs were lost, 120,000. the stock market plunged nearly 20%. economic growth was slowed. significantly. so this time around we're going to do the right thing. the gentleman from michigan, my c

about the federal reserve. the implication, being asked to do things they can't do. we've got some big imbalances in the economy. we lost a lot of manufacturing. a lot of manufacturing employment. that's not going to come back because the federal reserve is carrying out quantitative easing in a hurry. we've got to balance the payments problem. >> right. >> you know, new york, it always strikes me new york is doing fine. it wasn't much affected by the coo great crisis, a lot of terms are in trouble. we have tourist industry, entertainment, fairly low rate of unemployment. you go 200 miles upstate, they have very serious economic difficulties because they were manufacturing centers. rochester, buffalo, schenectady, there's no magic solution from the federal reserve. >> rose: but there is no question we are in an economic recovery. >> yes. >> rose: and what could-- what could screw it up. >> oh a lot of things could screw it up in the short run. i hope nothing too short run. europe is still not stable. >> rose: ri

federal reserve audited. >> so i strongly believe that the federal reserve should be audited. it should be open. it should be transparent. we are audited. we're audited by the gao in almost every aspect of our financial affairs and the programs that we run. we have outside independent accounting firms that audit the fed. we publish our balance sheet weekly. all of this is completely appropriate. what i don't agree with and would strongly oppose is interfering with the independence of monetary policy by bringing political pressures to bear on the committee's judgment about what is the appropriate way to implement monetary policy. we're given objectives by congress that's completely appropriate. we report to congress. you should hold us accountable and ask us to explain how our policies advance the goals that you have assigned to us, but if you pass a bill that wouldn't have the gao come and take documents, second guess every decision that we make or permit them to do that within a short time of our making those decisions and bring political pressures to bear, congress wisely ma

the gentleman from kentucky reserves. mr. whitfield: i would like to yield to the distinguished the gentleman from pennsylvania, mr. fits pat rick -- fitzpatrick, two minutes. mr. fitzpatrick: i have come to the floor in support of the keystone pipeline project asking for the senate and the white house to put politics aside in favor of this critical project. with bipartisan support, the house has passed eight separate pieces of legislation to clear the way for approval of the most studied pipeline in american history. each time these measures were blocked in the senate and condemned by a president crippled by indecision that would put tens of thousands of americans to work. i rise in support of the keystone pipeline, joining my parties, which would certify the secretary of state's final environmental impact statement from a year ago and put our country on independence. while the house has taken definitive action to advance this critical goal, the senate has waited until only politically advantageous to do so even though it ep

. >>> still ahead, should the federal reserve change the way some central bank officials are appointed? we'll talk to the head of one group who says yes. >>> this was supposed to be a turnaround year for xerox but the company projected flat revenues for 2014 and lower than expected earnings for next year. speaking to analysts in new york, ursula byrnes told me thinks will look better next year. >> i am very confident we can grow. we have a great client engagement. i'm very confident on our growth. >> xerox also announced an expansion of a stock buyback plan to $1.5 million and the stock rose more than 1%. >>> coming up tomorrow, we'll have more of my interview with ursula burnes. she talks about her take on the economy, hiring and tax reform. >>> ford's big bet with big pickup trucks is rolling off the assembly line and into show rooms right now. the new "f" series, a bit of a gamble with its aluminum panels and fuel economy that is expected to be far higher than what we've traditionally seen with pickup trucks. phil lebeau has details. >> reporter: this is as big as it gets at ford mo

. >> narrator: and the case of a governnt pediatrician moved from reservation to reservation... >> my concerns was that this man was sexually using children. >> narrator: despite the warnings >> there was obviously a lot of people that knew something wasin g on and they didn't do anything. >> narrator: tonight-- the indian hselth ice and the failure to stop decades of abuse. >> what kind of cover up is this? this involves a lot of people in a lot of high places. >> narrator: "predator on the reservation". >> frontline is made psible by contributions to your pbs thank you.om viewers like you. and by the corporation for public broadcasting. john d. and catherine ded by the macarthur foundation, committed to building a more just, verdant and peaceful world. the ford foundation: working with visionaries on the frontlines of social change worldwide. additional support is ovided by the abrams foundation, committed to excellence in journalism. the park foundation, dedicated to heightening public awareness of critical issues. the john and helen gssner family trust. supporting trustworthy spir

with that, i reserve my time. the chair: the gentlelady reserves. does any member wish to rise in opposition to the amendment? seeing none, the gentlelady is recognized. ms. jackson lee: it would be my privilege to yield to the gentlelady from minnesota, the ranking member of this appropriations subcommittee on the interior. ms. mccollum. the chair: the gentlelady is recognized. ms. mccollum: thank you, mr. chairman. i rise in support of the jackson lee amendment. it was very interesting to learn more about what your goals and objectives are and i think it is very worthy of our conversation. with that, i yield back. thank you. ms. jackson lee: i thank the gentlelady very much. again, let me conclude by yielding become my time and simply saying what a great difference life will be in many urban areas with a commitment to reforestation of urban areas and creating more opportunities for trees to grow in those areas. i yield back and ask for support of the jackson lee amendment. the chair: the gentlelady yields back. the question is on the amendment off

speaker, i reserve our time at this time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from oklahoma is recognized. mr. lucas: mr. speaker, i would now like to yield to another one of our outstanding subcommittee chairmen, the gentleman from pennsylvania, mr. thompson, one minute. the speaker pro tempore: the gentleman from pennsylvania is recognized for one minute. mr. thompson: mr. speaker, i rise in support of this farm bill and also to thank chairman lucas and congressman peterson for your leadership for agriculture. as many of my house colleagues have already said this morning, this legislation is long overdue. this bill is truly worthy of its name. the federal agriculture reform and risk management act because of the historic reforms it ledge slates. overall the bills repeals or consolidates about 100 programs. along with sequestration reduction that cuts mandatory spending by nearly $23 billion. and the conservation title alone reduces it from $23 billion to $13 billion. this b

smith: i reserve. the speaker pro tempore: the gentleman reserves. the gentleman from texas is recognized. mr. thornberry: mr. speaker, i'd inform the distinguished ranking member that at this point we have no additional speakers if the gentleman is prepared to close. mr. smith: yes, i would like to actually yield two minutes to the gentleman from california, mr. sherman. the speaker pro tempore: the gentleman from california is recognized for two minutes. mr. sherman: i thank the gentleman for yielding. this is not a perfect plan. what america wants is a plan that guarantees success, and that success should be the total destruction of isis immediately and without u.s. casualties. but the plan is a reasonable approach. it is the only approach on this floor. the alternative is to do nothing. in one has brought a better plan -- no one has brought a better plan to this floor. for those who say, well, let's do nothing, reflect what we have accomplished through the president's action. the yazidis have been saved from genocide. the turkeman are no longer b

daines: i reserve. the speaker pro tempore: the gentleman reserves. e gentleman -- >> do we have unanimous consent to include in the record what our colleague, mr. pascrell, has asked? the speaker pro tempore: yes, without objection. mr. holt: this is a national his tore -- of national historic importance and i urge support of this legislation to expand the boundary of the national historic site. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from montana is recognized. mr. daines: i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the question is will the house suspend the rules and pass the bill h.r. 2430? those in favor say aye. those opposed, no. in the opinion of the chair, 2/3 being in the affirmative, the rules are suspended and the bill is passed and without objection the motion to reconsider is laid on the table. for what purpose does the gentleman from montana seek recognition? mr. daines: i move to suspend the rules and pass h.r. 3802 as amended. t

burgess: reserve my time, mr. speaker. the speaker pro tempore: the gentleman reserves. the gentleman from new jersey is recognized. mr. pallone: mr. speaker, i have no other speakers at this time. so i would -- i would yield the balance of my time. the speaker pro tempore: the gentleman yields. the gentleman from texas. mr. burgess: mr. speaker, i urge my colleagues to support the bill and yield back the balance of our time. the speaker pro tempore: the gentleman yields. the question is will the house suspend the rules and pass the bill h.r. 4067. those in favor say aye. those opposed, no. in the opinion of the chair, 2/3 having responded in the affirmative, the rules are suspended, the bill is passed, and without objection the motion to reconsider is laid on the table. for what purpose does the gentleman from texas seek recognition? mr. burgess: mr. speaker, i move that the house suspend the rules and pass the bill h.r. 669, as amended. the speaker pro tempore: the clerk will report the title of the bill. the clerk: h.r. 669, a bill to amend the public health service a

mcgovern: i reserve. the speaker pro tempore: for what purpose does the gentleman from florida seek recognition? >> i rise to claim time in opposition to the point of order and in favor of consideration of the resolution. the speaker pro tempore: the gentleman is recognized for 10 minutes. mr. nugent: the question before the house is, should the house now consider h.res. 590. while the resolution waives all points of order against the bill, the committee is not aware of any points of order. all relevant committees have included earmark statements in their reports filed with the house so there's no violation of the house earmark rule. that said, i know my friend is using this point of order to debate an important issue and i've said this earlier, that a passion -- that he passionately cared about. i'm glad he's had that opportunity. but in order to allow this house to continue ski squled business for the day, i urge members to vote yes on the consideration of the question and continue to reserve. the speak

i reserve. the chair: the gentleman reserves the balance of his time. the gentlewoman from california is recognized. ms. lee: this amendment would not fund the combat operations in iraq. i yield one minute to the gentleman from minnesota, mr. nolan. the chair: the gentleman is recognized for one minute. mr. nolan: i rise in support of the lee amendment. the american people have invested 10 years of precious blood and pressure into this conflict and the simple truth is the iraqi government and army have failed to win the confidence of their own people. the fact is, the army has cut and run leaving behind valuable equipment and we have no friends in this conflict. it's time to get out and stay out. thank you, madam chair and thank you, representative lee, for your amendment. the chair: the gentlewoman from california reserves. the gentleman from new jersey is recognized. mr. frelinghuysen: this amendment sends the wrong message to the iraqi people who have suffered a great deal and i recognize the loss of our soldiers and the sacrifice of our soldiers and

the federal reserve estimated that there has been limited lending. the office of financial research expressed concern. so don't take my word for if there's a lot of fixes we can do by focus appointed or working. i think the bipartisan interest in a lot of fixes that we should thing about. >> if you are on the committee to set interest rates. don't you have one against the other. aren't there winners and users. >> i think the charge is to sting eye late real growth in the economy and maintaining stable increase, getting out of hand. i think the notion is increasing employment is the best way to deliver results. if you look at the expansion that we had during the "# 0s, when unemployment went to 4%, you see a greater increase in the bottom 90% of income distribution than you saw in the 2000's. i think a fed policy is consistent with high rates of growth, low rates of unemployment, the best way to deliver economic ruts. >> quickly, because i have to rap. if unemployed goes below 1%, can we do it without high inflation. >> i believe we can. >> nice succi

shuster: i reserve the balance of my time. the chair: reserves his time. the gentleman from west virginia is recognized. mr. rahall: mr. chairman, i yield myself such time as i may consume. the chair: the gentleman from west virginia is recognized for as much time as he wishes to use. mr. rahall: i rise in strong support of h.r. 5078 and proposing its latest versions of regulations defining waters of the united states, the e.p.a. claims to be attempting to provide clarity. it claims to be attempting to provide certainty for multitudes of americans who have been left perplexed by clean water act jurisdiction for many years. without a doubt, confusing and conflicting supreme court decisions have helped to create a regulatory jumble, bull the e.p.a.'s proposed new regulations are doing little, if anything, to clear and calm those murky and oiling regulatory waters. . these regular lady bulldogses have only stirred up more worry and aggravation and frankly, anger. in truth the only certainty that these regulations provide is the shire knowledge that under them

, called the changing federal reserve, past, present, and future. the fed recently announced it will begin slowing its bond purchasing program this month known as quantitative easing. the senate is scheduled to hold a confirmation vote on monday on chairman bernanke's successor. he's joined by economists. they spoke for about an hour and a half. >> these are the annual meetings of our association, the association of economists, and it's attended by 11,000 or 12,000 card-carrying economists from around the country and indeed around the world. we gather here -- not here, but in these meetings annually. we debate high theory. we debate policy. we have discussion groups. and this is one of the sessions that we're particularly proud of and is one of the highlights of these meetings. we have the pleasure today of hearing the reflections of ben bernanke. ben earned his ph.d., earned his ph.d. from m.i.t. in 1979. and since then, he's been a distinguished scholar and public servant. i'm not going to give a long introduction, because most of you know him, bu

i reserve any time. the chair: for what purpose does the gentleman from washington seek recognition? mr. hastings: i rise in opposition to the amendment. the chair: the gentleman is recognized for five minutes. mr. hastings: i yield myself such time as i may consume. the chair: the gentleman is recognized. mr. hastings: i rise to oppose this amendment. to be clear, nothing in this act prohibits individuals from asserting their right to petition the government. in fact, it would be ridiculous for taos try to write a statute that would negate the first amendment. nothing in this bill does that at all. let me talk about the process here. the b.l.m. undertakes multiple players of rule making and environmental rue view when going through their federal actions. nearly every layer of this rocess allowers in opportunity for public comments, involvements, and questions regarding b.l.m.'s actions. nothing, nothing, mr. chairman, in this legislation, impacts an individual's right to comment, petition, and object to

chu: i continue to reserve. the speaker pro tempore: the gentlelady reserves. the gentleman from virginia is recognized. mr. goodlatte: madam speaker, may i inquire how much time is remaining on each side? the speaker pro tempore: the gentleman from virginia has 12 1/2 minutes. as does the gentlewoman from california remaining. the gentleman from virginia. mr. goodlatte: thank you, madam speaker. at this time it's my pleasure to yield one minute to the gentleman from indiana, mr. stutzman. the speaker pro tempore: the gentleman from indiana is recognized for one minute. mr.: thank you, madam speaker. i thank -- mr. stutzman: thank you, madam speaker. i thank the gentleman for yielding. what does it say about this congress that today we are on the house floor debating the killing and harvesting of aborted babies? how can there possibly be two sides to this? i don't understand. how can we not take a step back and look at this objectively? the gentlelady from california mentioned that these videos were highly edited. if you watch the videos -- and i don't know if

i'll reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the chair recognizes the gentleman from massachusetts. >> thank you, mr. speaker. i rise to express my strong support for house resolution 499, a resolution that condemns the recent violation of ukraine sovereignty and territorial integrity by russia. i want to begin by thanking chairman royce for his leadership on this issue, as well as ranking member engel for their introducing this resolution. as ranking member on the subcommittee of europe, eurasia and threats, i along with others have watched the developments in ukraine with concern. mr. keating: particularly over the last nine months. summit re the presenting the surprise announcement in november he would not sign an association agreement with the e.u., our administration noted with concern the pressure exerted over ukrainian authorities to act against the interests of their own people. it began with russian threats of trade embargo and gas supply cutoffs in ukraine if they signed the association agreement. after peaceful demons

crawford: i reserve. the chair: the gentleman reserves. for what purpose does the gentleman from oregon seek recognition? mr. defazio: to oppose the amendment. the chair: the gentleman is recognized. mr. defazio: you know, we often have conflict in orged conflicts new york oregon we had a substantial conflict relating to geese. and in terms of farmers' fields. and resolution was that the birds protected by the migratory bird act would continue to be protected, but farmers would be able to hunt with the state license and i don't know about the gentleman's state whether or not state license would be required, the birds that were not migratory that were becoming pests and were resident in order protect their crops. this substantially resolved the problem. don't know if a similar fix would work here but an amendment that gives, you know, an open license on the migratory bird act which is -- has international implications, migratory bird treaty, you know, seems to be an extreme measure in this case and therefore we would oppose the amendment. i

i reserve. recollection cues me. i reserve the balance of my time. the speaker pro tempore: the gentlelady reserves. the gentleman from florida. mr. miller: thank you very much, mr. speaker. i have no speakers at this time so we'd reservele balance of our time until they -- reserve the balance of our time until they close. the speaker pro tempore: the gentlelady from arizona. mrs. kirkpatrick: mr. speaker, at this time i'd like to yield to the gentleman from california, mr. tackano, such time as he may consume. -- mr. takano, such time as he may consume. the speaker pro tempore: the gentleman is recognized. mr. takano: thank you, mr. speaker. thank you to the gentlewoman from arizona, mrs. kirkpatrick, for introducing h.r. 2942, which will have an important impact in the lives of our service men and women separating from the military. i want to extend my thanks to chairman miller by the bipartisan way which he leads our committee. during my time as ranking member of the economic opportunities subcommittee, i have seen how transitioning service member

i reserve. the speaker pro tempore: the gentleman reserves. the gentleman from oregon is recognized. mr. blumenauer: thank you, mr. speaker. i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. blumenauer: i'm pleased that congress is finally acting today, not with a looming crisis but one that is already upon us. this is entirely predictable. i've been arguing for months that congress meeds to act because the stopgap -- needs to act because the stopgap measure 62 groups may have signed on letter of support but they prefer us to act meaningfully for long-term funding. they accept this because it's the only alternative to shutting down activities this summer. my republican friends are unwilling, not unable, but unwilling to resolve the funding contradictions. revenues have failed to keep pace with the demands of an aging, growing nation, making no change for 21 years as our infrastructure ages and falls apart, our nation continues to grow and transportation patterns change. it's guaranteed that we

it would be a deficit neutral reserve fund. we need to invest billions of dollars in energy efficiency and sustainable energy. her amendment is exactly the writing but we have to go beyond the deficit neutral reserve fund. chairman: next would be senator baldwin. senator baldwin: i would like to bring the baldwin amendment to strike section 405 of the budget resolution. this amendment is also cosponsored by senator warner. eliminating a point of order against reconciliation that would increase the deficit or reduce a surplus. i can see no good reason why we should be making it easier to increase the deficit that the majority has given great voice to during the opening remarks of this. if it is important, it ought to be paid for. it's a very simple amendment and i want to yield the rest of my time to senator warner. senator warner: i think those of us that have been on this committee for some time, we remember senator conrad. it was put in, if memory serves correctly, against the wishes of many on our side. it's an plea said if

engel: i reserve. the speaker pro tempore: the gentleman from new york reserves. the chair recognizes the gentleman from massachusetts. mr. mcgovern: i'd like to yield five minutes to the gentlewoman from california, one of the co-authors of this resolution, ms. lee. the speaker pro tempore: the gentlewoman is recognized for five minutes. ms. lee: thank you very much. let me first thank congressman mcgovern for yielding and for your tireless efforts and leadership. also i'm proud to join with congressman walter jones and mr. mcgovern on this bipartisan resolution. this resolution calls only for the withdrawal of u.s. armed forces from iraq and syria only by the end of the year absent of passage of an authorization for the use of military force against isis. however this resolution is also about reclaiming a fundamental constitutional responsibility. the constitutionally protected right of congress to debate and determine whether and when this country enters into war. now for the last 10 months, our nation has been fighting yet another war in the middle east. a war