mchenry of north carolina, mr. guthrie and mr. bower of kentucky, mr. mchenry and mr. guthrie will vote aye on amendment number 2 and mr. andy bar will vote no. the speaker pro tempore: for what purpose does the gentleman from new jersey seek recognition? mr. pallone: as the member designated by mr. sires and johnson and mr. garamendi and mr. payne and mr. san nicholas, these members will vote yes on the velazquez amendment. the chair: for what purpose does the gentleman from florida seek recognition? mr. soto: as the member designated by mr. cardenas and ms. plaskett, these members will vote yea on the velazquez amendment. the chair: for what purpose does the gentlewoman from california seek recognition? >> as the member designated by mrs. steel of california, i inform the house that mrs. steel will vote nay. the chair: for what purpose does the gentleman from california seek recognition? >> as the member designated by mr. keating, he will vote yes. mr. weber: as the member designated by mr. john carter and kay granger and mr. paul gosar of arizona, they will vote no

susan: how did he find himself on a ship watching the british bombardment of fort mchenry?ark: there is a map in my book -- one of the interesting in my book is i have this cool map -- one of the others from the rushes imposed helped me with this and it is incredible. it has a lot of detail. and it gives the 17 days leading up to the publishing of the first version of the star-spangled banner. he starts in washington dc and finds out from a family member that the doctor was captured and he is sent on a mission by president madison and definitely an insider in american politics although not a politician. he ends up going to baltimore and basically hires a boat to to take him and john skinner the , u.s. agent of prisoners to rendezvous with the british fleets and it is uncertain what the british fleet would do at that point. went aboard ship negotiating the release of the doctor, the british high command decides they will go after baltimore. and baltimore was a particular thorn in the side of the british, the third-largest city in the u.s. in 1814 and an important shipyard. t

it was an intense battle and i think when keith saw fort mchenry -- key saw fort mchenry held in theravery of the militia and the forces, i mean they were outgunned. british ships had the most advanced weapons ever constructed by that time. they could shoot farther and had bigger munition. they were basically sitting ducks but they had the courage to stay and hold the fort against all odds. the odds turns in their favor and francis scott key saw this as a saving of the country. the unity, bravery, heroism, and god is smiling on the country and guaranteeing the promise of a country going forward. that spark of hope inspires him to write the star-spangled banner. susan: so on board the ship he kept his eye on the flag. the size of the flag made it easier for him to follow. mark: it was enormous. it is preserved in the smithsonian museum of american history. it is one of the largest flags created, certainly at the time. it was commissioned by a general in command of the four. he wanted a flag that was so large that the british could see it from a distance and they would see it as a chal

adams: thank you chairwoman waters, ranking member mchenry. this is a very important hearing and i appreciate your having it. thank you to our witnesses for your testimony. in your testimony you cite the affordable housing shortage as contributing to the issues the environment is facing. our committee how to hearing on the single-family rental industry, the role they played in snapping up homes and further constricting the already tight market. the homes these firms are purchasing are not surprisingly concentrated in a predominately and brown neighborhoods. the same is true in my district of charlotte. investors are willing to pay well above market prices in cash for homes and are acting as a gentrifying force. can you discuss why addressing the housing shortage is imperative to improving housing security and homeownership's opportunities for all americans? >> thank you for the question. particularly as others have mentioned, in the starter home market is where they are feeling the most brunch for supplies and available homes and that is what

mchenry is now recognized. >> dr. michel, i want to drill deeper in today's hearing title it's called "boom or bust." as i aoutlined in my opening statement, president biden increased federal spending by more than $2.5 trillion. our national debt now surpasses $30 trillion. the massive spending spree includes nearly $20 trillion the $256 billion jobs act enacted last year. it doesn't include the $1.7 billion so-called build back better act or whatever they're calling it right now. it keeps changing week over week. so that build that passed the house in november, it was then called build back better. it also doesn't include a trio of housing bills that the chair's introduced but not passed the house. that includes $600 billion in housing infrastructure or unscored ended homefulness act that is likely to cause $2 trillion a year. all from board money. so if you would, please explain both the observed and projected effect that this massive spenting is having on the economy and its action to the inflation that americans a

mchenry for four minutes. >> thank you, madam chair, just last week this committee marked out the payment was equity act. a massive 100 billion dollar spending spree that we continue feelings guy rocketing housing cause. it's this kind of unchecked spending that is pushing the housing market from boom to bust for the average american family. that's on top of 40 year high inflation and skyrocketing consumer prices across the board. which are outpacing wage gains in fact. this is clobbering household budgets. and if purchasing a home is still within the realm of possibility. that will cost you double what it did just last year, from three to 6%. now for a 30 year fixed rate mortgage. so, let's break down that statistic. the median sales price for a house so far this year in 2022 is $428,700. with an fha minimum allowance down payment of 3.5%. excluding closing costs and other fees. that means a first time home buyer mike i have finance as much as $413,700 at 6% interest. you are looking at a monthly payment of $2,480. that's up 1700 $40 last year. so, that's a $740 a month difference, or ro

mchenry will vote yea on the motion to recommit. the speaker pro tempore: for what purpose does the gentleman from michigan seek recognition? mr. kildee: mr. speaker, as the member designated by mr. neal of massachusetts, i inform the house that mr. neal will vote no on the motion to recommit. the speaker pro tempore: for what purpose does the gentleman from ohio seek recognition? >> mr. speaker, as the member designated by mr. wenstrup of ohio, mr. lahood of illinois, pursuant to house resolution 8, i inform the house that mr. wenstrup and mr. lahood will both vote aye on the motion to recommit. the speaker pro tempore: for what purpose does the gentlelady from new hampshire seek recognition? ms. kuster: mr. speaker, as the member designated by ms. stevens, mrs. bustos, ms. craig, ms. frankel, mrs. dingell, mr. blumenauer, and mr. ryan, i inform the house that these members will vote no on the motion to recommit. the the speaker pro tempore: what purpose does my friend from colorado seek recognition? mr. neguse: as the member desig

. >> thank you, chairman lynch, ranking member davidson, chairman waters and ranking member mchenry my name is marceau michel i'm the founder of the black founders matter fund. i'm a passionate advocate for the underrepresented and -- founders into fund managers and is my honor to share my thoughts and observations on this very timely matter. much like the legal end of slavery, the racial integration and affirmative action our society needs measurable and accountable methods to facilitate positive change. even though we've seen the change, even though we've seen how those -- even though we've seen these put into place in our society and we haven't created parity entirely for all of us, however, it has pushed social progress forward. we need measurable intentionality to be able to do that. but i'm asking that you consider is holding venture investments accountable to finally integrate in a meaningful way. we haven't seen integration in the space. there have been many empty vowels to improve the abysmal statistics we see endeavors investments, however, there have been no significant move

mchenry: as the member designated by mr. taylor of texas, i inform the house that mr. taylor will vote no on en bloc number 3. the chair: on this vote the yeas are 225. the nays are 201. the amendments en bloc are adopted. the unfinished business is the request for a recorded vote on amendments en bloc 4 printed in part a of house report 117-420 by the gentlewoman from connecticut, ms. delauro, on which further proceedings were postponed and on which the noes prevailed by voice vote. the clerk will redesignate the amendments en bloc. the clerk: amendments en bloc number 4 consisting of amendments numbered 13 and 179 printed in part a of house report 117-420 offered by ms. delauro of connecticut. the chair: a recorded vote has been requested. those in support of the request for a recorded vote will rise and be counted. a sufficient number having arisen, a recorded vote is ordered. members will record their votes by electronic device. this will be a five-minute vote. inc., in cooperation with the united states house of represe

. >> chairman, waters, ranking member davison and mchenry, thank you for the opportunity to testify today on the important topic of diversity equity inclusion in the ecosystem. i am the founding executive director of venture forward. we focus on diversifying and empowering to help the industry reach its full potential. i want to start by taking a brief history. this is evident from a body of data. female constituted 60% of invested partners in 2020, up 11% in 2016, little progress in the equitable representation, who represented 3%. this data highlights the importance of intersectionality and why venture forward --. while the percentage of investors of women have decreased, percentage in women of color has not appeared in the statistics are connected in a survey to track and measure the industries progress. three states specifically, california, massachusetts, new york account for 84% for aware -- management are based. how did we get here? a risky long-term investment and the likelihood of success is low. investors provide capital for high-growth innovative start ups. actively engages wit

. >> chairman, waters, ranking member davison and mchenry, thank you for the opportunity to testify today on the important topic of diversity equity inclusion in the ecosystem. i am the founding executive director of venture forward. we focus on diversifying and empowering to help the industry reach its full potential. i want to start by taking a brief history. this is evident from a body of data. female constituted 60% of invested partners in 2020, up 11% in 2016, little progress in the equitable representation, who represented 3%. this data highlights the importance of intersectionality and why venture forward --. while the percentage of investors of women have decreased, percentage in women of color has not appeared in the statistics are connected in a survey to track and measure the industries progress. three states specifically, california, massachusetts, new york account for 84% for aware -- management are based. how did we get here? a risky long-term investment and the likelihood of success is low. investors provide capital for high-growth innovative start ups. actively engages wit

mchenry will vote nay on the previous question. the speaker pro tempore: for what purpose does the gentleman from north dakota seek recognition? mr. armstrong: madam speaker, as the member designated by mr. taylor from texas, i inform the house that mr. taylor will vote no on the p.q. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? mr. correa: madam speaker, as the member designated by congress members kahele, mike thompson, andy levin, bourdeaux, vargas, swalwell, and richie torres, i inform the house that these members will vote yes on the previous question. the speaker pro tempore: for what purpose does the gentleman from arkansas seek recognition? >> madam speaker, as the member designated by mr. stewart of utah, i inform the house that mr. stewart will vote no on the previous question. and thank you for the recognition. the speaker pro tempore: for what purpose does the gentleman from maryland seek recognition? >> madam speaker, as the member designated by mr. boyle, mr. ruppersbe

mchenry: madam speaker, as the member designated by mr. taylor of texas, i inform the house that mr. taylor will vote no on the previous question. the speaker pro tempore: for what purpose does the gentleman from virginia rise? mr. bier: madam speaker, as the member designated by mr. connolly, kind, ms. newman, ms. moore, mr. boyle of pennsylvania, and mr. mceachin i inform the house that these six members will vote yes on ordering the previous question. the speaker pro tempore: on this vote the yeas are 219. the nays are 199. the previous question is ordered. the question is on the adoption of the resolution. so many as are in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. the gentleman from pennsylvania is recognized. mr. reschenthaler: thank you, madam speaker. i request the yeas and nays. the speaker pro tempore: the yeas and nays have been requested. pursuant to section 3-s of house resolution 8, the yeas and nays are ordered. members will record their votes by electronic device. this is a five-minute

i was pleased to work with representative mchenry to reach a bipartisan bill to provide $12 billion tohore up and shore up and community institutions. but i'm still skepped there are few institutions that have been newly chartered in recent years. this bill would help address this concern that requires regulateors and request feedback and develop a strategic plan to encourage the banks and credit unions. and h.r. 4590 requires regulateors to share with legislators to promote the institutions including this. i want to thank representative auchincloss that received bipartisan support and i urge my colleagues to support h.r. 4590 and i reserve. mr. hill: i yield myself such time. since the dodd frank was enacted, the number of financial institutions has declined. and this has has that face an inhibit their ability to thrive. we have pushed for right-sizing and not imposing one-size-fits all requirements. this is to promote the establishments ever new banks and community cd fmp i's. this bill requires the agencies to hotter to challenges by proposed institutions and develop a plan to promo

at the outset, i'd like to thank chairwoman waters and ranking member mchenry and mrs. wagner of the financial services committee for their bipartisan work in support of h.r. 310. i'd also like to recognize the invaluable contributions that were made by our late chairman of the oversight committee, elijah cummings, the contributions he made to this legislation and to our additional effort to secure full death benefits for the doherty benefits of massachusetts. importantly, the advancement of this bill would not be possible without the support of all the family members as well as pro bono counsel from knl gates and other stakeholders whose advocacy on behalf of the four fallen heroes is sacrificed on behalf of our nation. in my home state of massachusetts, i'd like to particularly recognize ms. barbara doherty and ms. katie quigley, the devoted mother and sister respectively of u.s. navy seal glen doherty of winchester, massachusetts. i'd also like to thank amy and dennis, two attorneys for their steadfast legal support and counsel to guide this legislation, as well as m

role in the history of our nation in the state of maryland dating back to the construction of fort mchenry, which i am proud of the ongoing partnership of colonel penchasen, the current regional director. i urge my colleagues to support this bill, and i again applaud the great leadership we have on our committee, the very open way that we do business, the way that we listen to each other and are able to get the priorities accomplished. senator carper, senator capito and senator cramer, it's a pleasure to work with you and thank you for making this be po. with that, mr. president, i would yield the floor. mrs. capito: mr. president. the presiding officer: the senator from west virginia. mrs. capito: thank you, mr. president. i'd like to thank the senator from maryland, senator cardin, for his good, hard work with senator cramer on the subcommittee. senator cardin and i share the chesapeake bay. he's got a lot more of it than i do, but we've worked on those issues for years together, and i think that shows that his dedication not just to his state but to the environment. and so i appreciate

mchenry: as the member designated by mr. taylor of texas, i inform the house that mr.aylor will vote no on h.r. 7693. the speaker pro tempore: on this vote the yeas are 397, the nays are 22. 2/3 of those voting having responded in the affirmative, the rules are suspended, the bill is passed and, without objection, the motion to reconsider is laid on the table. the chair will now entertain requests for one-minute speeches. for what purpose does the gentleman from massachusetts seek recognition? without objection, the gentleman is recognized for one minute. >> mr. speaker, i rise in support of the biden administration's efforts to expand and strengthen the abraham accords. when i met with israeli political and military leaders last month, they emphasized the importance of regional defense and deterrence against iran's maligned activities. that is why president biden's reaffirmation of the united states' commitment to the security is so important. our alliance with israel is built on shared values and shared interests. mr. auchincloss: which includes strengthening regiona

mchenry: as the member designated by mr. barr of kentucky, ms. wag nor of -- wagner of missouri, i inform the house that these members will vote aye on h.r. 8351. the speaker pro tempore: for what purpose does the gentlewoman from florida seek recognition? mrs. cammack: thank you, madam speaker. as the member designated by mr. dunn, ms. salazar of florida, i inform the house that mr. dunn, ms. salazar will vote yea on h.r. 8351. the speaker pro tempore: for what purpose does the gentleman from utah seek recognition? mr. owens: madam speaker, as the member designated by mr. stewart and curtis of utah, i inform the house that mr. stewart and curtis will vote yea on h.r. 8351. the speaker pro tempore: for what purpose does the gentleman from utah seek recognition? ms. moore: madam speaker, as the member designated by ms. herrera beutler, i inform the house that ms. herrera beutler will vote yea on h.r. 8351. >> madam speaker, as the member designated by mr. buchanan of florida, i inform the house that mr. buchanan will vote yea on h.r. 8351. the spe

mchenry: as the member designated by mr. luetkemeyer, i inform the house that mr.uetkemeyer will vote aye on the motion to recommit. the speaker pro tempore: on this vote the yeas are 190. the nays are 234. the motion is not adopted. the speaker: the house will be in order. the house will be in order. the chair asks all members in the chamber as well as members and staff throughout the capitol to observe a moment of silence in memory of officer jacob j. chestnut and detective john m. gibson of the united states capitol police who were killed in the line of duty defending the capitol on july 24, 1998. the speaker pro tempore: the question is on passage of the bill. so many as are in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. for what purpose does the gentlewoman from washington seek recognition? mrs. rodgers: i demand 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 reco