mr. connolly: mr. eake i hat the housdo now adjourn. the speaker proempore: the question is on the mion to adjorn those inavor say a. those opposed, no. e ayes have it. the on iisgreeto. accordingly the house stands adjourneuntil 120 p.m. on mondaye the government will build bp to get the money back. the house returns on monday, live coverage here on c-span. >> c-span, our public affairs content is available on television, radio, and on line. you can connect with us on twitter, facebook, youtube. >> earlier this week, and a c- span crew took a tour of and the wisdom in a march that has been affected by the oil spill. they spoke with a local shrimper who is striving airboats for pp as part of the effort and also theepublic affairs officer john miller. >> that white bloom, that is there to try to take up the oil that is near the shore. they are trying to protect it from hitting the shore. i have been in this area quite a bit and i have seen less and less along the shores. they change it every day as it gets absorbed. they change it out an

mr. connolly. the chair: without objection, the gentleman from virginia is recognized. mr. connolly: thank you, madam chairwoman. i thank my colleague from ohio for his leadership and my friend from illinois for the kind words. the small business lending fund act will expand opportunities for small businesses to access critically needed capital today. our amendment ensures that the program works as intended. that america's small businesses receive access to that capital and that taxpayers' loans are repaid. the lending facility encouragings small business loans to creditworthy companies with the repaid funds and interest payments going to reduce the deficit that our %% friends on the other side say they are concerned about. small businesses will lead private sector job growth if they obtain the capital. the office of small business lending fund program oversight will provide accountability and enhance the effectiveness of the lending fund. helping to spur robust small business sector. they have a reputation for safeguarding taxpayer funds as my friend from ohio said. and rev

mr. connolly, for five minutes. mr. connolly: thank you, madam speaker.t would be unconscionable for this congress to fail to enact legislative protections for the nation's consumers after the worst economic collapse in 80 years. we must pass wall street reform when it comes before the house, hopefully later this week. we know what happened without adequate oversight. under the bush administration and previous republican congresses, the large financial institutions were granted free rein to undertake abusive behavior. in the absence of well-enforced regulation, their actions triggered the great recession, plunging americans into economic distress. started in 2007 when the mortgage and credit crises hit, the recession hit hardest in 2008. millions of americans acutely felt that collapse through lost jobs, foreclosed homes and the destruction of their personal savings. collectively, americans lost $17.5 trillion worth of aggregate household wealth during that time. 401-k and emergency nest eggs wiped out. in the midst of this economic carnage, many of the f

mr. connolly. >> thank you, mr. chairman. mr. logan, you said that despite some reports to the contrary, hamp modification has been strong, helping thousands of homeowners. can you explain how hamp augments your modification programs? >> hamp is top of the waterfall. it is the first program that we offer. it is the primary and first point of defense in providing modification. if a person, for whatever reason, does notualify for hamp -- either it is a jumbo loan or it is effective past the date that we did hamp or some reason it has fallen out of hamp, then we use a proprietary program. >> so, one complements the her? >> yes. >> you stated that this has facilitated the ability to streamline solutions more than ever before. can you outline how hamp has done this? >> when you think about how when hamp was first created, i believe it was 2009, at that time it was individual handling and approval from an investor . with the creation of hamp, i think it did serve as a bit of a mobilizing event to push servicers to take a broader action

mr. connolly. >> thank you, mr. chairman. mr. logan, you said that despite some reports to the contrary, hamp modification has been strong, helping thousands of homeowners. can you explain how hamp augments your modification programs? >> hamp is top of the waterfall. it is the first program that we offer. it is the primary and first point of defense in providing modification. if a person, for whatever reason, does not qualify for hamp -- either it is a jumbo loan or it is effective past the date that we did hamp or some reason it has fallen out of hamp, then we use a proprietary program. >> so, one complements the other? >> yes. >> you stated that this has facilitated the ability to streamline solutions more than ever before. can you outline how hamp has done this? >> when you think about how when hamp was first created, i believe it was 2009, at that time it was individual handling and approval from an investor . with the creation of hamp, i think it did serve as a bit of a mobilizing event to push servicers to take a broader ac

mr. connolly: ms. woolsey of california, mr. weiner of new york, ms. kaptur of ohio and mr. defazio of oregon. the speaker pro tempore: without objection. under the speaker's announced policy of january 6, 2009, and you understand a previous order of the house, the following members are recognized for five minutes each. representative burton of indiana. for what purpose does the gentleman from texas rise? mr. poe: i request permission to take mr. burton's time. the speaker pro tempore: without objection, the gentleman is recognized for five minutes. mr. poe: mr. speaker, the new supreme court pick has never been a judge. she's never seen a courtroom from the bench. she's never had a judge's responsibility. she has never instructed a jury. she's ner ruled on a pount of law, any point of law. she has not decided even one constitutional issue. she's never tried a criminal case. she's never tried a civil case. she's never even tried a traffic case. we don't know whether or not she believes the constitution is the foundation of american law or whether she thinks, like many, the c

mr. connolly of virginia five minutes. >> thank you. mr. lowman, you said if hamp modification performance has been strong, helping hundreds of thousands of homeowners. could you explain how hamp augments your other mortgage modification programs? >> we offer -- hamp is the top of the waterfall. that is the first program we offer. it is the primary point of defense in providing a modification. if a person, for whatever reason, does not qualify for help, either it is a jungle loan or a loan that was done pass the effective date of hamp, or for some reason it has fallen out of hamp, then we use our proprietary program. >> so one augments the problem? >> yes. >> mr. heid, use that hamp facilitated the industry ability to deliver streamline solution. could you elaborate on how hamp has strengthened mortgage assistance beyond the programs offered by the private sector? >> what i meant by that is a time stamp. when you think about how and when camp was first created, it was the beginning of 2009. and that time, most loan modification programs req