isreal: i ask for a recorded vote. the chair: pursuant to clause 8 of rule 20, further proceedings on the amendment offered by the gentleman from new york will be postponed. the chair understands that amendment 2 will not be offered. it is now in order to consider amendment number 3 printed in part c of house report 111-506. for what purpose does the gentleman from virginia seek recognition? mr. nye: mr. speaker, i have an amendment at the desk. the chair: the clerk will designate the amendment. the clerk: amendment number 3 printed in part c of house report 111-506 offered by mr. nye of virginia. the chair: pursuant to house resolution 1436, the gentleman from virginia, mr. nye, and a member opposed, each will control five minutes. the chair recognizes the gentleman from virginia. mr. nye: mr. speaker, i yield myself such time as i may consume. the chair: the gentleman is recognized. mr. nye: mr. speaker, recent reports on u.s. economic growth are promising and suggests that recovery is taking hold. however, i continu

that isreally the gwth area, if you wl. the problem with this moratorium is th these floati rigs from drove twork for $500,000 a day. if this moratorm extends, they will float those rigs to brazil or the coast of africa or elsewhere, and begin a job there. jobsre not just lost for six months. they are lost in perpetuity. host: are you hearing from the compies all er this issue? guest: havelearned in this job to say what i have been told, not what i know. but morgantanley has said that only one in 20 chance moratorium will end in six months if a moratorium is instituted. if you're a persont( that works for $500,000 per day anit only you two weeks to flow to the coast of africa with a one in 20 chance, would you decide? host: why not step back and given the outcome of this oil spill, the impact on the shoreline, which is also jobs, t fherman, e shrimpers who cannot do because of the oil spill, why not take a stepack and wait guest: there is a plan fo increasing safety. it is from t national academy of engineerin i believe. an