delauro: i thank the gentleman. now i would like to recognize our colleague from massachusetts, someone who has been a champion of eliminating hunger in the united states, jim mcgovern of massachusetts. mr. mcgovern: thank you, i want to thank my colleague for reminding us all of a terrible truth, that is, there is not a single community in the united states of america that is hunger free. there are millions of our fellow sit zepps, men, women, and children, of every age and background you can imagine, who are hungry or who are food insecure. they don't have enough to eat, can't put a nutritious meal on the table for their families. they go without meals on a regular basis. this is happening in the united states of america, the richest country on this planet and every one of us, democrats or republicans alike, should be ashamed of that fact. i tell people all the time that hunger is a political condition. we have the food, we have this incredible -- this incredible natural resource in this country that we're able to

one, deploy oil from the strategic petroleum reserve as rosa delauro said. last week when the french government said international talks with the united states and others were proceeding to deploy the reserves oil dipped by several dollars just on the mere threat of using this weapon against speculators. the strategic petroleum reserve is to wall street speculators what kryptonite is to superman and republicans oppose this uniformly. they believe that the oil market is a free market. it is not. two, we need to stop wall street speculators from their yearly gains that turn the oil market into a crude oil casino. last year house republicans tried to slash the budget for the commodities futures trading commission, the agency that serves as the cop on the wall street oil speculation beat and the republican majority has moved legislation intended to delay the reforms by the democratic congress that would diminish the power of wall street trading firms to manipulate the market. wall street's lobbyists have even gone so far as to sue to block these reforms. we shou

. >> thank you, chairwoman delauro for convening a year to date. i want to commend the leader nancy pelosi for recognizing what americans have all across this country the problems they are entering upon, and frankly and home heating oil and air-conditioning as we approach the summer. it's my great honor to be able to introduce genes guilford today jeanne guilford is the president of the independent petroleum association and education foundation. i've had the opportunity to work with her over the years and a member of the steelers who understand implicitly that bill laws of supply and demand has been suspended when it comes to oil speculation and they've been at the forefront of helping us to shape legislation for congresswoman delauro and myself and i am proud to be able to introduce him here today. machine has an extensive background, and i think the members will find this most interesting that gene was appointed by president ronald reagan and served both in the commerce department, very familiar with import and export of our commodities and also

delauro: i thank the gentleman. my god, what we could do if we had the will to do it and that's what this is about. it's a question of our values and where our priorities are. it's about our kids or richest 1% of our nation getting $187,000 in a tax break. the gentlewoman from california has been extraordinary in her fight for the food stamp program and she hasn't been afraid to take on anyone in any party on this issue of making sure that the food stamp program is secure and i recognize the gentlelady from california, ms. lee. ms. lee: thank you very much. first let me thank my colleague, congresswoman delauro for yielding for those kinds and thank you for organizing this special order but for really continuing to beat the drum so the country can understand how important nutrition programs are important to our nation. and this is not just a job for congresswoman delauro but her life's work. and i thank her for her leadership. republicans are preparing to attack families on food stamps and taking away protections fo

delauro, thank you leader pelosi and others for convening this meeting. gas prices are complicated and it is could you see good information. both of you have spoken about the legitimate futures market and speculation. that is one of the problems we had with the credit default swaps, where you had insuring against a loss in mortgages might be legitimate, but when you allow many people to bet on the same package of mortgages, that's just raw speculation. we have centuries-old principles of insurance. basically, what you are buying insurance, and two final principles -- if you sell insurance, you have to have assets to back up your promise. the second is you can only buy insurance where you have insurable interest. buy fire insurance on your house. what they were doing was letting dozens of people buy fire insurance on your house, so when you have a loss on your house, all of a sudden you all want all of these losses. how much of the speculation problem could be cured if we just went back to fundamental principles of insurance and required before you start s

delauro. the speaker pro tempore: the gentlelady from connecticut is recognized for two minutes. ms. delauro: the republican majority in this house is involved in the political shell game on this issue. they have voted to eliminate the prevention and public health fund. they voted two days ago to end it. today they want to tell you they are going to take money from it to pay for student loans. you can't end the fund and then talk about taking money to use it. in addition to that, the gentleman from california a moment ago talked about money in the appropriations bills for these health care programs. what he doesn't tell you that the majority in the committee are voting to cut the money for the centers for disease control , for the screening for breast and cervical cancer, for all these efforts. they are talking out of both sides of their mouth. this majority passed a budget that has asked families to pay for tax cuts for the wealthiest ericans, slash pell grants for nearly 10 million college students, allow interest rates on student loans to double in july. and after there was an

delauro, thank you leader pelosi and others for convening this meeting.ces are complicated and it is could you see good information. both of you have spoken about the legitimate futures market and speculation. that is one of the problems we had with the credit default swaps, where you had insuring against a loss in mortgages might be legitimate, but when you allow many people to bet on the same package of mortgages, that's just raw speculation. we have centuries-old principles of insurance. basically, what you are buying insurance, and two final principles -- if you sell insurance, you have to have assets to back up your promise. the second is you can only buy insurance where you have insurable interest. i can't buy fire insurance on your house. what they were doing was letting dozens of people buy fire insurance on your house, so when you have a loss on your house, all of a sudden you all want all of these losses. how much of the speculation problem could be cured if we just went back to fundamental principles of insurance and required before you start s

the other point of this is as congressman delauro said, this is part of many things, including the issue of birth control and contraception that we have seen along the way. i applaud the president, the administration for their statement because it clearly spells out the importance of this prevention fund. and i'll make one other further point. as a -- if you need no other indication of how opposed they are to this prevention fund for women's health, you'll need only note that they only need a piece of it. if they were saying, well we want to pay for it from the women's fund, too bad, that's our priority to pay for the women's fund, but they don't do that. they say we're going to pay for it from the women's fund and the remaining billions of dollars that would be left in the prevention fund we're repealing. we're just eliminating that. hundreds of thousands of people have been screened, are being screened each year. now, already, in this legislation, grants to states are being made, that would all stop. my colleague congresswoman carolyn maloney has made the point, where are the women whe

delauro: mr. speaker, i would just add one more thing. the amount of subsidies that we are giving to multinational corporations who are taking their jobs overseas, let's stop that. let's stop the subsidies that are going to big agriculture all over this country, not small, mom and pop farms. people who are taking care of themselves, but the big agriculture, let's stop. that let's also stop $147 million going to brazilian cotton farmers as a subsidy every year. they will not tell you, they will not tell you about these subsidies. american taxpayers are footing the bill for that and paying high prices at the gas pump to get their gas and the oil companies are rolling around in that money. i rise in opposition to this rule. yesterday i submitted an amendment to this bill that would have provided a commodity futures trading commission or the cftc with a steady, a sustainable source of funding so that they could do the job that it's been assigned to do. that's oversee the future markets, curb rampant speculation in the oil market that is causi

delauro, thank you leader pelosi and others for convening this meeting.as prices are complicated and it is could you see good information. both of you have spoken about the legitimate futures market and speculation. that is one of the problems we had with the credit default swaps, where you had insuring against a loss in mortgages might be legitimate, but when you allow many people to bet on the same package of mortgages, that's just raw speculation. we have centuries-old principles of insurance. basically, what you are buying insurance, and two final principles -- if you sell insurance, you have to have assets to back up your promise. the second is you can only buy insurance where you have insurable interest. i can't buy fire insurance on your house. what they were doing was letting dozens of people buy fire insurance on your house, so when you have a loss on your house, all of a sudden you all want all of these losses. how much of the speculation problem could be cured if we just went back to fundamental principles of insurance and required before you s

delauro, and thank you, leader pelosi, and others for convening this mean. it is complicated and it's good to see some good information. both of you have spoken about the legitimate futures market and speculation but that was one of the problems we had with the credit default swaps where you had ensuring against all laws in mortgages might be legitimate but when you allow many people to bet on the same package of mortgages, that's just raw speculation. we have the centuries old principles of insurance. basically what you're buying is insurance, and the two fundamental principles, one come if you still in charge of to have assets to back up your promise. and the second is you can only buy insurance where you have an insurable interest. i can't buy fire insurance on your house. what they were doing was leading dozens of people buy fire insurance on the house, so when you have a loss of a house all of a sudden you unload all of these losses. exactly how much of this speculation problem could be cured if we went back to just fundamental principles of insurance a

delauro. the speaker pro tempore: the gentlelady from connecticut is recognized for two minutes. ms. delauro: the republican majority in this house is involved in the political shell game on this issue. they have voted to eliminate the prevention and public health fund. they voted two days ago to end it. today they want to tell you they are going to take money from it to pay for student loans. you can't end the fund and then talk about taking money to use it. in addition to that, the gentleman from california a moment ago talked about money in the appropriations bills for these health care programs. what he doesn't tell you that the majority in the committee are voting to cut the money for the centers for disease control , for the screening for breast and cervical cancer, for all these efforts. they are talking out of both sides of their mouth. this majority passed a budget that has asked families to pay for tax cuts for the wealthiest americans, slash pell grants for nearly 10 million college students, allow interest rates on student loans to double in july. and after there was

that's why i introduced the women's win job act along with rosa delauro which helps train women for high-paying jobs. i urge my colleagues to continue to address the disparities in compensation among the genders. i yield back. the speaker pro tempore: for what purpose does the gentlelady from north carolina rise? ms. foxx: mr. speaker, by the direction of the committee on rules i call up house resolution 619 and ask for its immediate consideration. the speaker pro tempore: the clerk will report the resolution. the clerk: house calendar number 125, house resolution 619. resolved, that at any time after the adoption of this resolution, the speaker may, pursuant to clause 2-b of rule 18, declare the house resolved into the committee of the whole house on the state of the union for consideration of the bill, h.r. 4348, to provide an extension of federal-aid highway, highway safety, motor carrier safety, transit, and other programs funded out of the highway trust fund pending enactment of a multiyear law re-authorizing such programs, and for other purposes. the first reading of the bill shall be dis

we hear from senator delauro. >> thank you. mr.hairman, members, i am a state senator from arizona representing district 13. it is my privilege to have the opportunity to give my perspective regarding sb1070. sb1070 has perpetuated a climate of fear and division within the state of arizona. sb1070 has done arizona a great disservice and has done nothing to secure the borders or resolve any of our immigration problems. arizona law has unfortunately been subject to racial profiling and harassment. the following situations will illustrate how senate bill 1070 negatively affects latinos. sb1070 has created racial tensions and distrust between latinos and law-enforcement, as well as latinos and non-latino neighbors. the tragic death of a united states citizen who was murdered in the front of his home by his neighbor just 13 days after governor bruce were signed sb1070. racial slurs were yelled. go back to mexico. if you don't, you will die. before long, he pointed -- he died in front of his home. he leaves a wife and daughter. sb1070 ma