mr. bachus. there are 30 million small businesses in america and they employ over half of our work force. these are companies in my district liar sarah's in the city or a cafe in augusta. every day they help american families and drive commerce. i rise in support of the miller-courtney amendment. in february of 2008, 14 people were killed and 40 people were injured in a combustible dust explosion at the imperial sugar refinery in georgia. since then i worked with my colleague, mr. miller, to pressure osha to mitigate this known hazard. i'm hopeful that osha can complete this long overdue work in this area to not let this happen again. we need to get people back to work and create good-paying jobs. that's why i support the courtney-miller amendment and the underlying bill and with that i yield back. the chair: the gentleman from georgia reserves. the gentleman from virginia is recognized. mr. goodlatte: madam chairman, at this time i yield two minutes to the gentleman from missouri, mr. graves, a

mr. bachus: let me say this. the gentleman from georgia has talked about these regulations all being necessary. but the president himself on the campaign trail said we need to repeal unnecessary federal regulations. he stood right here in the house when he gave two state of the unions and said we need to eliminate some of our federal regulations. and he charged the congress to do that. it's been part of his agenda. it's been part of what he's campaigned on. it's been part of what he's brought to the congress in his state of the union messagement and that's exactly what this bill does -- message. and that's exactly what this bill does. he said, regulations aren't abstract ideas. they're -- they cost money. and certain certain cases the benefit is several -- and in certain cases the benefit is simply not there. we're not talking about endangering public health. we are talking about regulations that endanger jobs unnecessarily. thank you. the chair: the gentleman's time has expired. the gentleman from virginia reser

mr. bachus, mr. neugebauer for authoring this key piece of legislation. the chair: all time for general debate has expired. shall be considered as an original bill for the purpose of amendment under the five-minute rule an amendment in the nature of a substitute consisting of the text of rules committee print 113-36 modified by the amendment printed in part a of house report 113-350. that amendment in the nature of a substitute shall be considered as read. no amendment to that amendment in the nature of a substitute shall be in order except those printed in part b of house report 113-350. each such amendment may be offered only in the order printed in the report by a member designated in the report, shall be considered read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment and shall not be subject to a demand for he division of the question. it is now in order to consider amendment number 1 printed in . rt b of house report 113-350 for what purpose do

mr. bachus and mr. neugebauer for their leadership in drafting the components of this bill before us today. as we've heard, the debate before us today is not new. we have been working for the past three years to enact commonsense structural reforms to the cfpb, but during vote in the last congress, our friends on the other side of the aisle said it's premature to reform this burgeoning agency. they said it's too early to tell how the bureau would operate. well, 2 1/2 years later, this is what we know. the bureau continues to be unresponsive to bipartisan requests for information about their operations. for example, last spring the bureau released guidance for indirect auto lending practices. over the last year, republican and democrat members have requested information both in person and in writing about the data the bureau used to support their guidance. despite these requests, despite these requests, the bureau refuses to provide substantive answers to the members' questions. over the last year, membe

mr. bachus, for five minutes. >> last week governor torillo appeared before the governor committee and said issue was at the top of the agenda for the interagency working growhich th fed and four other member, i think. what other information do you need to resolve the clo issue and clarify how legacy securitys will be treated under volcker. >> so this is something that a number of banking organizations have asked the regulators to look at. the regulators recently issued a ruling concerning trups and this is something they're jointly engaged in looking at. and i, you know, will have something hopefully on that reasonably soon. >> okay. i was going to ask you how how soon do you think we can expect you to issue some guidance? >> i don't have a definite plan. >> maybe soon? >> hopefully. >> do you know what remedy the group is suggesting? >> i don't. this is something they're going to have to look at. >> do you agree with me that this is sort of something that has some sense of urgency to address? >> it's certainly something that the regulators will look at and should look at. >> all right. th