hensarling: and hurting consumers.t's important that our consumer protection laws are enforced, but we do not need this orwellian agency that enforces law. perhaps the single most unaccountable agency in the history of the republic. it's unconstitutional so i'm really ecstatic that the president shows mick mulvaney to be the temporary head. i hope that soon the president can put in a new nominee. i've heard the name of mark mike waters. i've heard he would be an excellent head and i hope the president will nominate him. kevin: he has the backing of jeb hensarling on a busy but not so busy harsha government shutdown day. we appreciate your time. back to you in new york. vonnie: kevin cirilli, bloomberg's chief washington correspondent. let's check in on the first word news. ims is forecasting that global growth will speed up to the fastest pace in seven years and giving credit to the tax cuts. imf says it will spur businesses to invest. it it calls for 2/10 of a percent increase in growth. we will speak to the imf chief

hensarling: mr. speaker, i am very, very pleased to yield five minutes to the gentleman from minnesota, mr. emmer, very valuable member of our committee, and the sponsor of the legislation. the speaker pro tempore: the gentleman is recognized. mr. emmer: thank you, mr. chair. mr. speaker, every citizen in our nation desires the chance to achieve their american dream. for thousands across this country, their american dream consists of owning a home or starting their own business. some laws have proven helpful in achieving this dream. others have created obstacles by codifying government overreach. in 1975, the home mortgage disclosure act was enacted. this important law exposed and helped eliminate discriminatory lending practices, particularly against minorities. in short, this law helped more americans realize their dream of owning a home over the years, however, the disclosures required by the law have expanded away from the original intent and have actually become an obstacle, preventing small, me

chairman hensarling did not reply. in july, i introduced a resolution of inquiry directing the treasury secretary, that is secretary mnuchin to provide congress with documents from the financial crimes network regarding the financial and business dealings of president trump, his family members, his associates, including those with russia and to uncover any evidence of illicit activity that may have compromised the president. the measure was blocked by committee republicans along party lines. in august, i and other committee democrats wrote again to chairman hensarling to request that he use his unilateral subpoena power authority to request documents from deutch bank related to the 2011 russian mirror trading scheme and any internal reviews of the personal accounts of president trump and his associates. chairman hensarling has refused to cooperate with the request. despite our efforts, i and other committee democrats have cents letters to the treasury department, deutch bank and deutch bank's external counsel, but none

hensarling: mr. speaker, i ask unanimous consent that all members may have five legislative days to revise and and submit remarks extraneous materials on the bill under consideration. the speaker pro tempore: without objection. mr. hensarling: mr. speaker, i yield myself such time as i may consume. the speaker pro tempore: pursuant to house resolution 693 and rule 18, the chair declares the house in the committee of the whole on the state of the union for consideration of h.r. 3326. the chair appoints the gentleman from tennessee, mr. duncan, to preside over the committee of the whole. the chair: the house is in the committee of the whole house on the state of the union for the consideration of h.r. 3326, which the clerk will report by title. the clerk: a bill to increase accountability, combat corruption, and strengthen management effectiveness at the world bank. the chair: pursuant to the rule, the bill is considered as read the first time. the gentleman from texas, mr. hensarling, and the gentlewo

hensarling: thank you, mr. speaker. i yield myself 30 seconds to say, it was a most interesting and passionate speech my colleague gave. i have good news for him, the 13th, 14th, and 15th amendments are not repealed by this bill and neither is hmda, hmda is not repealed. even the new cfpb regulations that double the data of hmda is not repealed. i urge the gentleman from minnesota to actually read the bill which happens to be four pages long and he would find out that a current, a current exemption that exists under current law for the smallest financial institutions that are trying to make loans to the very people he claim he is wants to protect, that is slightly enlarged. now, mr. speaker, very happy to yield three to yield three minutes to the gentleman from arkansas, the majority whip of the financial services committee, mr. hill. mr. hill: thank you, mr. speaker. i thank our distinguished chairman, i appreciate my friend, mr. emmer, for introducing this bill. to make this very modest change which does help communit

i'd also like to thank chairman hensarling and newt ke myer for their leadership on this important issue. this is supported by the financial services round table and the american bankers association and their letters of support have been entered into the record. with that, i urge adoption of this bill and yelled back. the speaker pro tempore: the gentleman yields back. the gentleman from colorado is recognized. mr. tipton: i yield back. the speaker pro tempore: the gentleman yields back. the question is, will the house suspend the rules and pass the bill h.r. 4292 as amended. those in favor say aye. those opposed, no. in the opinion of the chair, 2/3 being in the affirmative, the bill is passed -- >> mr. speaker. the speaker pro tempore: the gentleman from colorado. mr. tipton: on that, question the yeas and nays. the speaker pro tempore: the yeas and nays are requested. those in favor of taking this vote by the yeas and nays will rise and remain standing until counted. a sufficient number having risen, the yeas and nays are ordered. pursuant to clause 8 of rule 20 further proceedings on

, we had -- jeb hensarling, congressman meadows says the votes aren't there.o you know >> well, as i flew up from dallas, i left my tar ot cards at home. i'm not the one counting votes, i'm not sure he is the one counting votes either. this is not a good way to do government frankly i wish it was an institution, not one in a thousand understand it takes a super majority frankly to keep the government opened. right now we have incredible challenges with our armed services they need to be fully funded i hate that we come down to this brinksmenship and for the democrats who are claiming they will shut down the government over daca, it's an important issue. it needs to be dealt w. it's not a part of an appropriations bill it's not funded. also, it doesn't expire at week's end we got at least into march to deal with that issue so to hold these issues that are separate and hold that hostage, that democrats would hold that hostage for funding our troops, i think it's unsustainable i hope it does not happen. >> this is what we heard would happen at the end of last yea

hensarling for moving this bill, this very important bill and onto the house bill. i would like to congratulate and thank mr. trott, a terrific representative from the state of and gan for all the work charitable organizations throughout our country. the great state of maine that i represent, the rural part of our state has the oldest average age in the country. and we love our seniors not only in maine and they are very special parts of our society. my parents are 89 and 87. i'm very involved in their lives, especially in their health care, and i worry, mr. speaker, about our seniors. i worry about their health care. i worry about their safety. and one more thing i worry about, mr. speaker, i worry about them becoming victims of financial scams. now this happens throughout our country and has increasingly so, such that today, almost $3 billion is the result of scamming our seniors every single year. these con men have become creative. one type of scam that i learned about just absolutely hits me ome, a grandmother receives an email from supposedly a granddaughter.

he joins house judiciary committee chairman bob goodlatte and lamar smith of texas, jeb hensarling of texas in heading for the exits. "the washington times" pointing out that all four are entering their sixth year as chairman on republican committees and would have given up their gavels in the next congress. a lot of news on the retirement front. those members are sticking through their term and will be involved in the immigration debate as well. we are hearing from immigrants only in our first hour. ,he line for recent immigrants those who have been in the u.s. for five plus years, and those who are illegal immigrants. alex on the line for illegal immigrants from burlington, new jersey. where did you come from? caller: i came from brazil around 13 years ago. i am so poor over there, i tried my visa. host: you tried your visa? go ahead. turn your tv down. iller: i tried my visa, so came here and i am so free. i do not speak english, i speak spanish. i speak portuguese only. so when i come here, i start working, making little money, making nothing. i tried to grow my life, like the ame

i spoke with chairman jeb hensarling who said the issue of immigration ought to not be tied into this type of funding bill. it will be interesting to see what type of guarantee mitch mcconnell gives his democratic colleagues. vonnie: chuck schumer said you will hear from us shortly. chris coons of delaware also saying that. it sounds a good deal was done and they got past the sticking point which sounds like it might be something to do with immigration. let's bring in tim o'brien. some point.at who would have had reason to fold? tim: i think both sides have reasons to fold. i think what they have to be worried about, tarred with the -- kevin is closer to that than i am. they have to find some common ground on immigration. the discussion has been divisive in part because stephen miller from the trump white house, a hardliner on immigration, has been involved with it. it is left the bad taste on the mouth of moderate republicans. shery: very interesting that you mention stephen miller. as soon as there was more concrete reason to expect a shutdown the republicans came out and started ca

let's bring in republican congressman jeb hensarling. i want to ask if you heard chuck schumer, he essentially said daca is a very popular proposal on a bipartisan level. and he believed, at least when he left his meeting yesterday, that the president was in agreement, that he wanted to see a deal get done. do you agree that daca is popular, do you want to see a deal done? >> well, of course. but what i also want to see is 2 million men and women in uniform who were told they had to report for duty today but they were taken off the payroll. chuck schumer and the democrats shut down the government. only chuck schumer and the democrats can open it up. something else i heard from senator schumer which is highly misleading or false, that is, quote unquote, republicans control the senate. if that was true, the government would be open. we had a majority vote in the house. we had a majority vote in the senate to keep the government open. not many people know it but there is a super majority rule in the senate and that's why government is close

hensarling: i request the yeas and nays. the speaker pro tempore: the yeas and nays are requested. those in favor of the vote will rise. members will record their votes by electronic device. members, this is a five-minute vote. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the speaker pro tempore: on this this 24 3rks the nays are 183. the bill -- 243, the nays are 183. the speaker pro tempore: on this vote the yeas are 243, the nays are 184. the bill is passed. without objection, the motion to reconsider is laid upon the table. the unfinished business is the question on agreeing to the motion to concur on the senate amendment of h.r. 195 with the gentleman from -- an amendment offered by the gentleman from new jersey. the clerk will redesignate the motion. the clerk: motion offered by mr. frelinghuysen of new jersey. the speaker pr

i urge my colleagues to support h.r. 770 and i would like to thank chairman hensarling, ranking member waters, chairman barr and ranking member moore as well as my friend from wisconsin for their support and determination to get this important bill scheduled and passed. with that, mr. speaker, i'll reserve the balance of my time. the speaker pro tempore: the gentleman from connecticut reserves. the gentleman from wisconsin. mr. duffy: mr. speaker, i only have a couple brief comments. again, i think it's an important note to use the capacity at the mint that cost no additional money to the mint. but as mr. himes pointed out, we're celebrating innovation. and as a country we continue to innovate and create in a way that no one else does in the world and it's that innovation and creation that creates more and better jobs for our societies, our communities and for our families. so to celebrate that by way of a coin that costs the taxpayer no money but celebrates this great american trade i think is a wonderful idea and so with that i, again, urge all members to support this bill and i woul

i will take no for an answer. >> can we get hensarling? having him look over my shoulder is not -- >> just to think about it, will jay powell be treated any differently than janet yellen was? obviously remains to be seen or part of it depends on whether the criticism coming was purely ideological in terms of economic or was it partisan because it was a democratic -- >> so if the fed decided that it wanted to move to a price level target as has been discussed, is it your view that they will need kind of the at least consent in an informal sense of congress? >> that's my -- not just from judging when the fed has particular tools of changes, the challenge here is -- i'm not an economist, but the challenge here is the history dependence . if there's catchup behavior what's going on here but what lawmakers care about is the state of the economy and whether they'll be blamed for things going poorly their eyes will be on the current state of the economy and they're not going to be pretty wild, i don't think, about numbers of inflation rising on t

somebody like jeb hensarling whod had house finance committee, he terms out.time for him to exit the stage and allow somebody else to do it. but other people are in different life situations, you know? making a good, handsome salary, but a lot of members feel like they could do more money doing other things. it's good to go out on top while republicans are in demand across the country. and you have others that face real difficult opposition in races such as darrell issa's that's one of the most vulnerable seats in the nation. stuart: does it imply that the republicans will not keep control of the house after these november elections? >> no, no, not necessarily. you've got to do a great job of candidate recruitment, and as long as you get good people, it's actually probably easier to run if you don't have a voting record than it is to run if you do have a, say, 18-year voting record. it all depends on who is actually recruited, but it doesn't mean that, hey, all of a sudden there's some big democratic wave and everybody's scared to death. there is a natural evo

he joins house judiciary committee chairman bob goodlatte and lamar smith of texas, jeb hensarling ofexas in heading for the exits. "the washington times" pointing out that all four are entering their sixth year as chairman on republican committees and would have given up their gavels in the next congress. a lot of news on the retirement front. those members are sticking through their term and will be involved in the immigration debate as well. we are hearing from immigrants only in our first hour. ,he line for recent immigrants those who have been in the u.s. for five plus years, and those who are illegal immigrants. alex on the line for illegal immigrants from burlington, new jersey. where did you come from? caller: i came from brazil around 13 years ago. i am so poor over there, i tried my visa. host: you tried your visa? go ahead. turn your tv down. iller: i tried my visa, so came here and i am so free. i do not speak english, i speak spanish. i speak portuguese only. so when i come here, i start working, making little money, making nothing. i tried to grow my life, like the ameri