fincher seek recognition? mr. fincher: i call up the bill 650 to amend the truth in lending act to modify the definitions of a mortgage originator and ask for its immediate consideration in the house. the clerk: union calendar a bill to amend the truth in leapeding act to modify the definitions of a mortgage originator and high-cost mortgage. the speaker pro tempore: pursuant to house resolution 189. the bill is considered read, the gentleman from tennessee, mr. fincher and the gentlewoman from california, ms. waters will each control 0 minutes. the chair recognizes the gentleman from tennessee. mr. fincher: i ask members have five legislative days to revise and extend their remarks and insert extraneous materials under the bill. . i yield myself such time as i may consume. before i start, i want to thank chairman hensarling and leadership he has shown and the ability to work with us and allow to do these pieces of legislation that help our districts all over our country especially my 8th district of tennessee. i

follow the lead of the gentleman from tennessee and i look forward to him signing on to congressman fincher's export-import bank bill. i wish i could support this in the name of coon soum brother text, but it isn't. when we had this hearing the most common thread was that we needed more information about what is happening out here. well, unfortunately since that hearing, we've received more information. . indeed "the seattle times" ran an unbelievably in depth article dedailying some of the worst practices among -- detailing some of the worst practices among home lenders. some of those which led to the meltdown. not verifying borrowers' income pushing borrowers in unaffordable loans, aggressive debt collection driving up cost through hidden add-ons, overappraising home, all of these things. if you do nothing else, read this essay which i flat predict today, write it down, is going to win a pulitzer prize. i write it down. it has been suggested that lenders could not make a living were they held to eight points over prime. but that's not -- that doesn't square with reality what is reality? tak

fincher, mr. huizenga at the urging of the financial services committee. i believe this is the right thing to do on i believe an overwhelmingly partisan basis of that committee. i urge my colleagues to support this rule and the underlying bill. i yield back the balance of my time -- i move the previous question on the resolution. the speaker pro tempore: the question is on ordering the previous question on the resolution. so many as are in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. mr. mcgovern: mr. speaker. the speaker pro tempore: the gentleman from massachusetts. mr. mcgovern: on that i ask for the yeas and nays. the speaker pro tempore: the yeas and nays are requested. those favoring a vote by the yeas and nays will rise. a sufficient number having arisen, the yeas and nays are ordered. members will record their votes by electronic device. pursuant to clause 9 of rule 20, the chair will reduce to five minutes the minimum time for any electronic vote on the question of adoption of the resolution. this is a 15-minute

deep, substantial support, 250 members out of 435, to put a fine point on it. 60 for congressman fincher of tennessee's bill and 190 for congresswoman waters, moore and my bill. again, every other developed nation on the face of the planet has an export credit authority. and most of them are larger as a percent of their gross domestic product than ours is. to allow it to expire is to engage in nothing short. this is not hyperbole. unilateral economic disarmament. tick-tock tick-tock. small businesses are the ones who will be hurt first. now, i know a lot of the focus of debate about the export-import bank is boeing. yeah. boeing will be hurt. that's for sure. although i enjoy reminding people that the boeing company assembles airplanes and what they depend upon is a supply chain of 12,000 businesses and vendors, thousands of whom are in fact small businesses. 90% nearly of all export-import bank's transactions, provide loans or loan guarantees to small businesses. they're the backbone of our economy. everybody knows it. nearly one in three jobs created in the last decade were created by