waxman: mr. chairman, we're going to reserve our time. might i inquire of the gentleman from colorado how many more speakers you have? mr. gardner: we have two additional speakers. mr. waxman: we'll continue to reserve our time, and then i presume the gentleman from colorado will want to close on his bill, so after your two speakers we'll close on our side and you can close. mr. gardner: at this point we have two remaining so thank you. the chair: the gentleman from california reserves. the gentleman from colorado. mr. gardner: i yield two minutes to the gentleman from texas, mr. poe. the chair: the gentleman from texas is recognized for two minutes. mr. poe: i thank the gentleman and i thank the gentleman for sponsoring this legislation. mr. speaker, five years ago companies were building terminals to import natural gas at the cost of billions of dollars because analysts agreed that the united states economy was going to need natural gas were overseas. today that's that scenario has flipped on its head and import terminals are dormant. t

waxman: mr. chairman, i listened carefully to the comments of the gentleman from kentucky, and i couldn't really follow a lot of it. after all, if the price of , that would oes up perhaps help the coal industry because the coal industry is not able to compete economically when the price of natural gas is low because if you're building a utility you might as well buy a natural gas. it's cheaper. of course, the coal people say, it's the government that's doing it. but it's the marketplace that's doing it. and the other comment i found peculiar, we don't need to have the national environmental policy act evaluation because we got the endangered species act evaluation. well, the endangered species act is looking at endangered species, but what about the rest of the environmental review that would be eliminated if this bill were adopted? especially when we're talking about the impact on climate change and all the other environmental considerations. so i must say while i came here with a clear view, i'

henry waxman got 46% of the vote on a head to head with mr. i can tell you, it's bipartisan. people are passionately worried about the commit, an. we've been driving our businesses out of the state and out of the country. and people are deeply frustrated and that's democrats and republicans. they're looking for canned who can really represent them and bring the kind of change to washington that we need. instead of the same, you know, hyper partisanship and inability to move the country forward that we now see out of congress. >> that is elan carr, the republican nominee. top vote getter in california's 33rd district. thank you, mr. carr. let's turn now to your likely democratic opponent in the fall, state senator ted lieu joins me on the phone. state senator, let's first just talk about the logistical challenges of campaigning in a race in which there are so many candidates. how can did you go about doing this is it. >> that is the beauty of our democracy that so many people ran and i commend all the candidates who did run. we focused on being

waxman and experts. our system really does work, and over the next however many months, the country will see political system and medical system at its best as we work together to decide how to take things out of the laboratory into everyday life. well,f you i know very some of you i have worked , but chairman upton is an honest broker, and he is absolutely making this a op p rarity -- trop fire priority. i look forward to having the dialogue, and coming up with solutions that make america and the world a better place. thank you. >> thank you. when we send out the invites we sent a couple of questions to me thought. i would like to see where that takes us over the next couple of hours. the state of biomedical innovation in the united states? biomedical innovation mean for american patients and jobs? u.s. compared to other countries with respect to biomedical innovation and how can we make sure that we lead the way in the 21st century? steps does congress need to take to accelerate the is covering, develo

henry waxman is unglamorous. true. >> people can laugh and people can make fun of.n the people laughing to make fun know we're about very serious business. >> reporter: voters will head to the polls on june 3rd in an open primary. regardless of party, they will face off in a runoff on election day. >>> coming up next, the obama administration's big new push but even some of his fellow democrats are blasting the plan. why are they joining with republicans to criticize president obama? >>> plus, it's usually when apple announces its new apple product. did tim cook give what apple lovers were hoping for today? ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. peoi go to angie's listt for all kinds of reasons. to gauge whether or not the projects will be done in a timely fashion and within budget. angie's list members can tell you which provider is the best in town. you'll find reviews on everything from home repair to healthcare. now that we're expecting, i like the fact i can go onto angie's list

waxman. >> thank you, mr. chairman. on june 2nd, administrator mccarthy released a central piece of senator obama's plan, proposed carbon solution limits on power plants. they may identify this as the moment that america got serious about tackling climate change. we know that carbon pollution from fossil fuels is accumulating in the atmosphere, trapping more heat and warming the climate. we are experiencing the results all around us in every part of the country. we also know that power plants are our largest source of carbon pollution, yet today there are no limits at all on the amount of carbon pollution they can emit. the good news is that there are many cost-effective ways to reduce the pollution. as the proposed rule demonstrates, the power plants can operate more efficiently. reduction can shift from the dirtiest and oldest coal-fired plants to modern, natural gas plants. retirmements of nuclear power plants can be postponed. investments can be made in clean renewable energy. and we can all contribute by becoming m

when henry waxman because the bush white house conversion from lotus notes to windows exchange server microsoft exchange server failed to have good backups and they used their image backups at a cost of a great deal of money to restore countless e-mails so that the presidential records act, the federal records act would be fully maintained. do you have any recollection of those those those hearings about activity? >> i do not. >> to this committee's briefings mr. waxman did not care that cost an estimated $24 million to recover every single one of those e-mails. this committee aggressively said they had to do it and they did image backing restorations. had you done image backups and retain them prior to your arrival but had the irs done it would have cost probably tens of thousands of dollars to maintain six or seven years worth of those and we wouldn't be having this same discussion today would we? >> it costs a lot of money to get the e-mails off of those recovery tapes that that's right. if we had family could then spend the millions of dollars it would take to pull it off the disa

waxman. over the next however many months that the country is going to see america's political system at its best as we work together to decide how to take things out of the laboratory. some of you i've worked professionally but chang upton is an honest broker and he is making this a top priority and you are going to see real results created the american people are going to see real results and i commend you mr. chairman and i look forward to having the dialogue and ultimately coming up with common sense solutions for the cures that make america and the world a better place. >> when we send out the invitations, you send a couple of questions. i would like to see where that takes us over the next couple of hours. and we asked these questions. one, what is the state of biomedical information in the united states? number two, what does biological information in for the american patients and jobs. three come out as the u.s. compared to other countries with respect to biomedical integration and ho

waxman was year because a's are a the will live job losses i invite you to come by to lose their jobs under flexible system controlled by the state in the state made the decision to close the mine with told hundred workers so talk about the debate we're trying to save our jobs in this country and the president promised to make electricity generation and by call so extensive he would drive that out of our market. promises to the "san francisco chronicle" well-documented use following upon his promise of those of us in the coal regions of this country are under attack can we have to deal with this with a constituency and the debate. that is why there is a lot of the motion as you can imagine also the nuclear portfolio there is some curious things about this rule that creates a problem based on the states and had clean burning nuclear power or generators that have shut down but still have the standard by which they cannot meet to incentivize the nuclear power if if we are in to clean air or climate change we should be incentivize. for nuclear reactors premature to close one was the plant

the democratic caucus we have been following very closely the race for ranking member replace henry waxman who is retiring from your home state. >> i have taken a neutral position. there is a force on the energy and commerce committee. i've known her for a long time. we both got congress the same year.anme. we won the elections in 1992. she has worked hard.lect no one is more about the internet and what it means to have robust laws that protect all the high-tech in the biotech and the new technology that is leaving. he came a little bit before i did. they are helping the issues for the american public. his tireless and making sure that they are ready to debate. d another valuable member, we are winners either way. i wish them both well. >> if i can ask, christina alluded earlier to the prisoner exchange involving bowe bergdahl.d when did you first learn the details about the search? >> through the information that was being provided mostly through our offices. some of it through the briefings that we got.tl most of the details learn through the classified briefings. >> earlier you're discu

sanda fluke thought about running for congress here as henry waxman is retiring.e changed her mind. she is running for the state district up against eight candidates. seven democrats and one who decided not to commit. that case is watched as she runs for that seat. money, as you imagine is a big deal in california. a lot of the cappedidates and spending a lot of money. and that is the top two in november. and that is from the local races. and that is for they are super visor races as well. >> adam housely. and promising new research. and why chemo therapy used early in treatment could help patients live longer. that is next. starts with back pain... ...and a choice. take 4 advil in a day which is 2 aleve... ...for all day relief. "start your engines" little things, anyone can do. it steals your memories. your independence. insures support. a breakthrough. and sooner than you'd like... ...sooner than you think. ...you die from alzheimer's disease. ...we cure alzheimer's disease. every little click, call, or donation adds up to something big. alzheimer's association

dingell spent a decade and a half in the commerce committee and was its ranking democrat until henry waxman ousted him in 2008. dingell is known for his quick temper and questions of witnesses the people magazine called intimidating. earned the nickname the truck for his 6 ft. 3 stature and his style with the chairman's gavel. the committee has wide ranging jurisdiction so he has opted laws on clean air, in danger of species and health insurance including shepherding through the affordable care act. in spite of passing the endangered species act and other environmental legislation dingell has a reputation as an ally of the auto industry and its main union that has managed to fight attempts to strengthen our mental regulations for cars. at his father's knee serving as house page in the 1940s, we invited him to the press club to give a farewell speech but dingell said he is not done working or governing yet. so ecb is here today to speak to us about "when congress worked". tell me give a warm national press club welcome to congressman dingell for his seventh appearance at a national press clu

waxman is here because he and many of our friends on the other side have seen this poster before. these are the real live job losses in a unique last clean air act. kincaid illinois i invite you all to come back. 1200 miners lost their job and a flexible system controlled by the state. states made the decision. the mine closed, 1200 miners. so those of us talk about the debate, we are trying to save the coal miner jobs in this country. and the president promised to make electricity generation by coal so expensive that he would drive that out of our market. the sentences go comical was well documented. he's just following up on his promise. so, those of us in coal regions of this country are under attack coming and we have to deal with this. with our constituency into this debate. so that's wha where there's a lf emotion as you can imagine. also part of my portfolio here is the nuclear portfolio, the nuclear side. side. and so, there are some curious things about this rule that begs and that creates a problem based upon state that have cleanburning nuclear power or generators that

i also want to acknowledge chairman upton, chairman pitts, ranking member waxman and pallone, and the work of the committee staff in advance -- to advancing this bill through the energy and commerce committee and bringing it to the floor today. i support this bipartisan bill and i urge my colleagues to do the same and i reserve the balance of my time. the speaker pro tempore: the gentleman from texas reserves. the gentleman from pennsylvania. mr. pitts: mr. speaker, i yield three minutes to the distinguished vice chairman of the health subcommittee dr. burgess, who has been a real champion and is the prime sponsor of this bill. the president: the gentleman is recognized for three minutes -- the speaker pro tempore: the gentleman is recognized for three minutes. mr. burgess: thank you, mr. speaker. trauma is the leading cause of death for people under the age of 65. it's expensive, costs over $400 billion a year, only behind heart disease and cancer. it affects individuals of all ages. 35 million times each year. that's one person every 15 minutes. h.r. 4080 re-authorizes two existing

waxman and markey fell because they didn't have the votes to do it. so what i am saying is that the trend is not going the way my good friend from rhode island would like to have it go. instead, more and more people are opposing this. part of what's motivating the e.p.a.'s rule is they want to say that they leveled the playing field between parts of the country that don't have cap-and-trade programs. i think my -- one of the previous speakers talked about the fact that they didn't have -- that many places in -- i see the senator from california is here now. california, in the northeastern states, they have cap-and-trade. these regions are hurting economically in part because of the onerous environmental regulations, including cap-and-trade programs they have been working to implement for so many years. but the real result of this has been higher electricity prices. in fact, the average price of retail electricity in new england, according to the energy information administration, is 1,767 cents per kilowatt-hour, that's 18 cents per kilowatt-hour. com

where in the race to replace henry waxman representing the skid row's malibu and slums of beverly hillswere 17, count them, 17, actually, don't, that will take awhile, candidates on the ballot. how did that shape up? republican elan car is in the lead followed by the 16 others including some democrats, a couple of independents, and, oh, marianne williamson with an iconic voice supporting her campaign. williamson is in fourth place. it's like rain on your voting day. >>> next up, it's the 25th anniversary of an act of senseless repression that captured the world. it's being remembered with more repression? we go to china's tiananmen square right up ahead. unlimited. as in, no limits on your hard-earned cash back. as in no more dealing with those rotating categories. the quicksilver card from capital one. unlimited 1.5% cash back on everything you purchase, every day. don't settle for anything less. i'll keep asking. what's in your wallet? i'll keep asking. ♪ show 'em the curve. it's beautiful. it's more than that... ...it's perfect. introducing curved ultra high definition television liv

. >> but, in fact, that kind of a fishing expedition is what henry waxman did under as predecessor of and he did so because he just generally had an idea. we would like to be pragmatic and positive and reasonable. but right now when the irs falsely holds this information back, that they knew under multiple commissioners, our first responsibility, dave camp and myself is to put the commissioner in front of us and ask us what -- ask him what did he know and when did he know it and why didn't he tell us? >> he testified in february and he didn't tell you then and apparently supposed to know it by then. >> he was clearly not forthcoming and he was right on the edge of perjury. when he told our committee that, in fact, it could take up to two years to get this data, when he knew at that point, it could take up to forever. >> mr. chairman, nice to see you, sir. >> thanks, greta. >> now, tell us what you think about this at home using #irs email excuses. joining us our political panel. the a.p. josh letterman the hill alexanderafterafter infantry and byron york. >> i think you can tell the i

a lot of these expensive biotech drugs started to bother people and, of course, congressman henry waxman wrote a letter to gilead asks why is your hepatitis c drug so expensive, sending panic aacross the investment community. it's been treading water since then. i expect the year to be flat the rest of the year overall. winners, some losers, but harder than the last two years. you'll have to pick stocks. >> let's pick them and pick win perps rising, ingratiating you with stephanie link who who owned cellgene. >> an interesting site. came into the year thinking it wasn't on the top of my list. a patent issue on their lead drug. in the stofk underare positived year to date. however, i've been doing work pap new drug, for gi. gast gastrointestinal disease, crohn's disease. not a lot of drugs. that's for this fall. that data will be very good. look at what's currently included in analyst models for this drug including mine. it's effectively zero. not a $2 million or $3 or $4 million drug, a $2 billion or bigger drug. close to transformative for celgene. earlier in the year i didn't recognize

one of the last of the few folks in that class, the people who were with john dingell, with henry waxmanthe old democrats and republicans who are here on the hill who seem to be departing. rangel seems to be on his way out. not this congress, not next congress, but probably the one after. >> manu raju, thank you. >> thank you. >> erica, thank you. >>> up next, the bite seen round the world. my son said, can you do that? i said, no. and a preview of the u.s. versus germany, which happens tomorrow at noon eastern. we're going to talk to jordan schultz, and i bet a lot of americans are feeling a little sick, wanting to call into work. this is the first power plant in the country to combine solar and natural gas at the same location. during the day, we generate as much electricity as we can using solar. at night and when it's cloudy, we use more natural gas. this ensures we can produce clean electricity whenever our customers need it. ♪ the numbers are impressive.y to new york state. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector

you had waxman/markey pass in the house.t probably cost a few democrats their seats or helped cost them their seats. but something where you had an actual just full-out partisan brawl of this issue, i personally think would be good in clarifying for the issue in terms of raising it in the public's consciousness. >> yes, and i think it will really allow democrats to kind of test those polls that you mentioned. >> exactly. >> to kind of talk about the epa as a good function in people's lives, not this arbitrary arcane notion of climate science but actual people making sure your air and water is clean is a political concept that hasn't been tested on this level. i agree, it could end up being a net positive for them. >> republicans are shutting down the government because they don't want the epa to regulate pollution. that doesn't sound like a great thing if you're on the other side. elana schor from "greenwire." >> thank you. >>> coming up, another offensive move by the offensive white house. offensive, not offensive. an execu

waxman: mr. chairman, i claim time in opposition for purpose of debate. the chair: without objection, the gentleman from california is recognized for five minutes. mr. waxman: thank you, mr. chairman. i appreciate that congressman gardner's proposing some changes in an effort to address some of the problems with his bill. the base bill would require the department of energy to make final decisions on almost all of the pending l.n.g. export applications in 90 days without the benefit of complete environmental reviews. now they look at their bill and they appear to understand this would be bad policy. the amendment would establish a different deadline. now d.o.e. must issue a final decision on an application within 30 days of completion of the nepa environmental review. that's an improvement because it at least ensures that major l.n.g. export projects are not approved without an environmental review. however, this amendment, if adopted, the bill are main unnecessary and problematic. the bill is un

ranking member defazio previously along with then -- well, with ranking member waxman of energy and commerce requested such a hearing on induced seismicity. i'm pleased they have called such a hearing. we can touch on that subject in this hearing and that might be helpful. i'm glad that dr. leeth is here and able to answer questions about what the u.s. g.s has been doing on the subject of introduced seismicity, and i'm sure there were other points that all the witnesses can make about what we have yet to learn, what research we have yet to sponsor, what studies yet need to be done to understand earthquakes that continue to happen in usually unpredictable ways and very -- with very important consequences. so thank you. >> all right. as i said earlier if either the full committee chairman or ranking member are here, they are invited to make a statement also, and i see that we have the ranking member, representative peter defazio of oregon and you are now recognized. >> thank you, mr. chairman. thank for calling this important hearing. as the testimony today points out, the impact of the good f

districts, the fact of the matter is there are two of the receipts that are open because of henry waxman'san finished first, a tremendous prosecutor has roots in the santa monica area, that seat had a history of -- stuart: in which year will republican win a statewide election in california? >> we have to keep the democrats -- it is -- if anyone can do it it is probably going to take since time. stuart: 2020? >> if i can or come on your show and we can get the information out there may be. stuart: when you haven't answered the question, 20, 22, 24? >> i am not prepared to give up on a republican party and i don't think the rest of the country should. we have to hold the democrats to account. how are we going to -- stuart: will you take this bet? $10,000 here and now says california stays democrat in the next two presidential election cycles. >> i will take that bet. we had a startling thing occur in the election yesterday and that is in two statewide races. republicans came out on top, two out of 8. one of the won for controller and is a runoff named ashley, the mayor of fresno in four yea

action committee, this would be on the front page of the newspapers and leading the news and henry waxmany white house official would have private counseling. >> can i just say, and he should. if it was henry waxman or darrell issa or whomever when the irs gets involved in this sort of play whether it's against democrats or republicans, i think that is the time the hill should go after him. i'd love to see some democrats come out and pound this guy too. there were democratic groups also targeted as well, right? >> yeah. >> and when you get in to political like i slept through three years of law school but even i know that political speech is held to a higher standard. >> yeah. look. i think part of the issue here which steve brought up is this part of the government functioning? and whether or not there was sort of malicious intent or political targeting is one question, and then the other is competence. >> right. >> that's the big -- >> from the agency that demands competence from us or they send us to on jail. >> i think given the level of what they are doing and the increasing level of

representative henry waxman, our former chairman, engaged in a constructive effort to find solutions to these challenges. he hosted monthly meetings with the archivist and the white house counsel's office to monitor progress in implementing recommendations. i believe the archivist would agree with his predecessor that those meetings served a useful purpose. today the white house system automatically preserves e-mails from all employee e-mail accounts. since 2008, there's been additional progress. on november 28th, 2011, president obama issued a directive to agencies managing federal records. the president also directed the archivist and director of the office on management and budget to craft a modernized framework to improve agency performance and begin managing e-mail records in electronic formats by 2016. i look forward to hearing a status report on these efforts. i also archivist will give us his view on legislation i introduced last year. the electronic message preservation act which will require federal agencies to reserve e-mail records electronically. the committee voted on a

the leading democrat on the energy committee, representative henry waxman of california, the proposal is a major step forward. to protect public health and slow global warming. on facebook, we're asking should the epa cut carbon emissions? those responding included victoria who said, this is so wrong and it will iran the economy. rachael wrote, you don't have an economy if you kill the planet. among those who responded to the administration's proposal was republican senator john barrasso of wyoming, a member of the today the obama administration released its new plan intended to shut down american power plants. instead of celebrating his policies in the rose ga garden, president obama relegated the bad news to the environmental protection agency. make no mistake about it, what they are announcing today is another step in the president's plan to make electricity rates -- quote -- "necessarily skyrocket." unquote. remember, mr. president, that's what the president promised americans when he was running for president the first time, 2008. now, of course, when he was elected, congress sai

house fred upton, said -- the leading democrat on the energy committee, representative had henry waxman responded -- on facebook, we are asking, should the epa cut carbon emissions? those responding included victoria, and rachel. among those who responded to the administration's proposal was responded in senator john barrasso of wyoming, a member of the energy committee. president, today the obama administration released a new plan intended to shut down american power plants. instead of celebrating his policies in the rose garden, president obama delegated the bad news to the environmental section agency -- protection agency. what they are announcing is another step in the president's plan to make electricity rates " necessarily skyrocket." promise -- thee president promised americans when he was running the first time in 2008. when he was elected, congress said no to his radical plans. even when the democrats controlled the house of representatives, nancy pelosi was speaker, the democrats had city members -- 60 members of the senate. gress of house -- houses of congress said no, mr. pr

entire hearing to, ranking member defazio previously, along with then, well, with ranking member waxmanst seismicity. so i am pleased to call for such a hearing. we can touch on the subject i believe in this hearing, and that might be helpful. i'm glad that dr. lee is here and able to answer questions about what the usgs has been doing on the subject of andy's seismicity. and i am sure there are other points that all the witnesses can make about what we have yet to learn, what research we have yet to sponsor, what studies yet need to be done to understand earthquakes that continue to happen on usually unpredictable ways and with very important consequence. so thank you. >> all right. as i said earlier it be the full committee chairman for the ranking member are here they are invited to make a statement also. and i see we have the ranking member, peter defazio of oregon. you are now recognized. >> thank you, mr. chairman. thanks for calling this important hearing. as the test would today points out, the impact of the good friday earthquake 50 years ago was not limited to alaska. though i

entire hearing to, ranking member defazio, previously, along with then -- well, with ranking member waxman of energy and commerce requested just such a hearing on reduced seismic activity. i'm pleased they have called for such a hearing. we can touch on this sub sect, i believe, in this hearing. dr. leith is here and able to answer questions about what the usgs has been doing on the activity. i'm sure there are other points that all the witnesses can make about what we have yet to learn. what research we have yet to sponsor. what studies yet need to be done to understand earthquakes that continue to happen in usually unpredictable ways and very -- with very important consequences, so, thank you. >> all right. as i said earlier, if either the committee chairman or ranking member are invited to make a statement. i see we have the ranking member, peter defazio of oregon. you are now recognized. >> thank you mr. chairman. thank you for calling this important hearing. as the testimony points out, the impact of the good friday earthquake 50 years ago was not limited to alaska or those devastatin

henry waxman. the amendment would allow the burbank bob hope airport to implement a nighttime curfew between 10:00 p.m. and 7:00 a.m. thousands of residents of southern california's san fernando valley live under the flight paths or near the terminals at bob hope airport, endure the house-shaking noise of air traffic during the day and suffer the jarring interpretation of their sleep caused by roaring jets sometimes late at night. to address the concerns of those affected by airport noise across the nation, the f.a.a. established a process to consider an individual community's request for a curfew. however, the process was designed to be difficult, so difficult that in the decades since it was established by the f.a.a., only one airport in the nation has successfully completed an application, bob hope airport, and then it was turned down. when congress enacted the 1990 airport noise and control act, it intended for anca to permit airports to obtain noise restrictions if they met certain requirement

i am glad the chairman mentioned waxman markey earlier in his opening remarks. are was one of a group of ten or 12 or so representatives from states that were heavily dependent upon carbon, coal-based energy who went to our effort in virginia. we basically send our leaders. we could not support the bill as originally drafted because it would have been devastating for our consumers and businesses. and they made changes to the bill. before i voted for that bill, i talked to all of the major consumers of energy in my district, general electric being one, ford motor company has two major manufacturing facilities, the university of louisville, the jefferson county public school system permalloy the metro, ups with a global hub, and not one of those users of electricity injected to that law , proposed law. i talked to our utility company and asked what the impact of the law would be on residential customers. they said, we think that after ten years the average residents will have their rates go up 15% if they do nothing else. they don't adjust the thermostat , change

waxman, tell me the consequences of our decision today. >> your consequences -- justice sotomayor: do you put them out of business, or do they have to go and negotiate a license with every copyright holder? you are, in fact, telling me they are not a cable company, they are not a satellite company, so they can't go into those systems of payment. what happens then? >> the consequences really gets back to the chief justice's question, which is, if they actually provide something that is a net benefit technologically, there's no reason people won't license them content. but on the other hand, if all they have is a gimmick, then they probably will go out of business and nobody should cry a tear over that. justice breyer: once you take them out of the compulsory licensing system, they're going to have to find copyright owners, who owns james agee's pictures? who owns something that was written by -- like a french silent film in 1915? i mean, the problem is that they might want to have perfectly good things that people want to watch and they can't find out how to get permission. that is a p

i'm an original co-sponsor of ranking member henry waxman's motor vehicle safety act, hr-4364, which would increase the maximum penalties for failing to inform nhtsa and the public of potentially deadly auto defects. as the nk raing member of the commerce manufacturing and trade subcommittee, i'm working on legislation that would do the same while also addressing several other issues raised by the gm ignition switch defect, including requiring the public disclosure of technical service bulletins. those are the bulletins which provide information to dealerships about how to repair vehicles that are experiencing a widespread problem kept from the public. in gm's case, tcbs were issued for the faulty ignition switch. in 2005, almost ten years before a recall was issued, those tsbs instructed dealerships to replace the defective part. i hope today's hearing will allow us to consider additional actions that might be needed in improving auto recalls, and i look forward to hearing from our witnesses. i yield back. >> thank you. i would now like to introduce the witnesses on the panel for to

i'm an original co-sponsor of ranking member henry waxman's motor vehicle safety act, hr-4364, which would increase the maximum penalties for failing to inform ntsa and the public of potentially deadly auto defectss. as the ranking member of the commerce manufacturing and trade subcommittee, i'm working on legislation that would do the same while also addressing several other issues raised by the gm ignition switch defect, including requires the public disclosure of technical service bulletins. those are the bulletins which provide information to dealerships about how to repair vehicles experiencing a widespread problem kept from the public. in gm's case, tcbs were issued for the faulty ignition switch. in 2005. almost ten years before a recall was issued. those tsbs instructed dealerships to replace the defective part. i hope today's hearing will allow us to consider additional actions that might be needed in improving auto recalls, and i look forward to hearing from our witnesses. i yield back. >>> i would like to introduce the witnesses on the panel. mary barra is the chief execut

jordan waxman, hightower advisers, managing director, and anthony chan, chase chief economist.guys. jordan, what's the market fixated on more at this point, the fed or iraq? >> well, i think half of it's iraq and i think the other half's not necessarily the fed but how much equity capital has been sucked out of the market through mergers, stock buybacks, equity tenders, merger activity at an all-time high. i think this is great for the market. and it shows you companies are looking for areas to grow. >> anthony, how do you feel about things right now? >> i think if you give me those two choices, i would take iraq, and the reason for that is if you look back historically to the 1980s, every time on average, when you get a 28% spike in oil prices, you typically get a slowdown. and some of the slowdowns associated were recessions. i don't think we'll get that this time because i think we've got the strategic petroleum reserves and i think there's a possibility of a deal, but that's certainly a concern. >> the imf is pretty negative on growth here, then you have oil prices rising,

sounds to me more like a slap on the wrist.en i'm an original co-sponsor of ranking member henry waxman's motor vehicle safety act, act, hr-4364, which would increase the maximum penalties for the mi failing to inform ntsa and the public of potentially deadly auto defects.as t as the ranking member of the me commerce manufacturing and trade subcommittee, i'm working on legislation that would do the same while also addressing several other issues raised by t the gm ignition switch defect, g including requiring the public disclosure of technical service bulletins. those are the bulletins which provide information to dealerships about how to repair vehicles that are experiencing e widespread problem it kept from the publicpu. in gm's case, tcbs were issued for the faulty ignition switch. in 2005. almost ten years before a recal. was issued.ed, those tsbs instructed dealerships to replace the tsinu defective part.ctefectiv i hope today's hearing will days allow us to consider additionalr actions that might be needed in improving auto recalls, and i look forward to hearing from oua witnesses.o

problems, congress didn't adopt those measures thrfment are two retiring members, rock compel feller and waxman. they are making another push this year to try to get this passed. host: we have richard on the democratic line. richard, good morning. caller: good morning. ood morning david. i'd like to say something about the foreign parts they keep bringing in. that's why we are having these problems. i think it is china, south korea, and indo-china. they are all trying to get the biggest share of the market so we will end up buying their products. that's what it boils down to. thanks. guest: you are right, there is a lot more production of parts abroad. parts are shitched to china, mexico, and other lower wage countries. that said, these parts are being used by all the countries. it is not as if chinese or mexican parts are only being used by u.s. vehicles, they are also being used by japanese, korean. the global auto industry is now relying on these big auto parts companies. i don't think there is evidence that there is an attempt to provide u.s. companies with sub tandard parts. host: can you

host: then you've got henry waxman, at $6.2 million. > again, because paul.e member to raise money for his candor delirium tremens around the country. i know this top spender for 2014 for the house you've got, as -- excuse me, this is the senate, ed markey. special election. so that makes sense. corey booker and mitch mcconnell and john cornyn who is one of the top fundraisers in texas with $9.1 million. >> also one of the things that's been different this cycle is that republicans in particular, where they were challenged by surprise in some ways in 2010, 2011. primary and nusual professionals in the party felt like they weren't getting the best nominees for the general election. so they have been much more aggressive in terms of spending money and paying attention to races early on so they could get the kind of nominees that they thought would be the most viable in the fall. groups like chamber of commerce for example have been very involved in spending money. certainly pro business candidates, but not necessarily the tea party kind of very ideological cand

i'd also like to thank chairman upton and ranking member waxman for their support in guiding this bill through committee. this legislation is a great example of what we can do when we work together in a bipartisan fashion. i'd like to thank the majority and minority staffers. it's to their credit that they worked to craft an amended version of this bill that everybody could agree on. it was great to see this bill pass unanimously out of the committee. k-12 school districts spend billions on their energy bills every year. approximately $6 billion a year, according to energy star, second only to personnel costs, exceeding the costs of textbooks, exceeding the cost of supplies. energy expenses are one of the few costs that can be reduced while at the same time improving classroom instruction. in fact, high performance schools can lower the school's operating costs by up to 30%. there are numerous federal initiatives already available at the schools to help them become more energy efficient. however, these programs are spread across the federal government, making it challenging, time consu