mr. cummings, and his staff for at least the last two weeks. mr. cummings' staff raised a number of concerns with proposed changes to the rules and would work in good faith to address those concerns. it is my hope that throughout the congress, we will be able to work together in the same way. however, the most significant and welcome changes to the committee procedures in this congress are not made here today, but in fact, were done january 5th, with the adoption of the house rules. the new house rules require three days public notice of committee markups. the legislation to be marked up must be on the committee website 24 hours before the markup. the amendments are now required to be posted online within 24 hours of their adoption. role call votes are now required to be posted online written 48 hours of the vote. and witnesses' truth in testimony disclosures must be posted online the day after they testify. i think we can all agree that these worthy and overdue reforms not only give the minority more notice in excess, but also make the committee mo

mr. cummings, and his staff for at least the last two weeks. mr. cummings' staff raised a number of concerns with proposed changes to the rules and would work in good faith to address those concerns. it is my hope that throughout the congress, we will be able to work together in the same way. however, the most significant and welcome changes to the committee procedures in this congress are not made here today, but in fact, were done january 5th, with the adoption of the house rules. the new house rules require three days public notice of committee markups. the legislation to be marked up must be on the committee website 24 hours before the markup. the amendments are now required to be posted online within 24 hours of their adoption. role call votes are now required to be posted online written 48 hours of the vote. and witnesses' truth in testimony disclosures must be posted online the day after they testify. i think we can all agree that these worthy and overdue reforms not only give the minority more notice in excess, but also make the committee mo

mr. cummings. the speaker pro tempore: the gentleman from maryland is recognized for one minute. mr. cummings: thank you very much, madam speaker. i rise in opposition to this rule. despite ardent promises from republicans that all bills would be considered under regular order, this resolution has neither been debated nor voted on by a single committee of jurisdiction. additionally, the recently passed republican rules package requires that all legislation be fully paid for and yet the republican leadership has already publicly declared that they have no intention of paying for what is estimated to be a $230 billion increase in the deficit that the repeal of health reform would create by 2021. according to the congressional budget office. worse than the republicans' already broken promises are what this rule and the underlying resolution would do to children, seniors, and all americans suffering from illnesses. i strongly oppose this rule and yield back. the speaker pro tempore: the gentleman yields back. the gentleman from california. mr. dreier: madam speaker, at this time i'm happy

mr. cummings. the speaker pro tempore: the gentleman from maryland is recognized for one minute. mr. cummings: thank you very much, madam speaker. i rise in opposition to this rule. despite ardent promises from republicans that all bills would be considered under regular order, this resolutiohas neither been debated nor voted on by a single committee of jurisdiction. additionally, the recently passed republican rules package requires that all legislation be fully paid for and yet the republican leadership has already publicly declared that they have no intention of ying for what is estimated to be a $230 billion increase in the deficit that the real of health reform would create by 2021. according to the congressional budget office. worse than the republicans' already broken promises are what this rule and the underlying resolution would do to children, seniors, and all americans suffering from illnesses. i strongly oppose this rule and yield back. the speaker pro tempore: the gentleman yields back. the gentleman from california. mr. dreier: madam speaker, at this time i'm happy to yi

mr. cummings. the speaker pro tempore: the gentleman from maryland is recognized for one minute. mr. cummings: thank you very much, madam speaker. i rise in opposition to this rule. despite ardent promises from republicans that all bills would be considered under regular order, this resolution has neither been debated nor voted on by a single committee of jurisdiction. additionally, the recently passed republican rules package requires that all legislation be fully paid for and yet the republican leadership has already publicly declared that they have no intention of paying for what is estimated to be a $230 billion increase in the deficit that the repeal of health reform would create by 2021. according to the congressional budget office. worse than the republicans' already broken promises are what this rule and the underlying resolution would do to children, seniors, and all americans suffering from illnesses. i strongly oppose this rule and yield back. the speaker pro tempore: the gentleman yields back. the gentleman from california. mr. dreier: madam speaker, at this time i'm happy

mr. cummings. the speaker pro tempore: the gentleman from maryland is recognized for one minute. mr. u very much, madam speaker. i rise in oppositi to this rule. despitardent promises from republicans that all bills would be considered under regular order, this resolution has neither been debated nor voted on by a single committee of jurisdiction. additially, the recently passed republican rules package requires that all legislation be fully paid for and yet the republican leadership has already publicly declared that they have no intention of paying for what is estimated to be a $230 billion increase in the deficit that the repeal of health reform would create by 2021. according to the congressional budget office. worse than the republicans' already broken promises are what this rule and the underlying resolution would do to children, seniors, and all americans suffering from illnesses. i strongly oppose this rule and yield back. the speaker pro tempore: the gentleman yields back. the gentleman from california. mr. dreier: madam speaker, at this time i'm happy to yield one minute to

mr. cummings. the speaker pro tempore: the gentleman from maryland is recognized for one minute. mr. cummings: thank you very much, madam speaker. i rise in opposition to this rule. despite ardent promises from republicans that all bills would be considered under regular order, this resolution has neither been debated nor voted on by a single committee of jurisdiction. additionally, the recently passed republican rules package requires that all legislation be fully paid for and yet the republican leadership has already publicly declared that they have no intention of paying for what is estimated to be a $230 billion increase in the deficit that the repeal of health reform would create by 2021. according to the congressional budget office. worse than the republicans' already broken promises are what this rule and the underlying resolution would do to children, seniors, and all americans suffering from illnesses. i strongly oppose this rule and yield back. the speaker pro tempore: the gentleman yields back. the gentleman from california. mr. dreier: madam speaker, at this time i'm happy

mr. cummings: thank you very much, mr. speaker. i rise before you in opposition to the bill we are considering today. i've heard from many of my constituents and small business owners who are grateful for the benefits of this law. children with pre-existing conditions are no longer being denied access to private health insurance. mafrlede small businesses offering health insurance to their employees are eligible for a 35% tax credit. further raverpbinging member of committee on government -- further, as ranking member of committee on government and oversight reform, i know that this would eliminate the private health plan providing coverage for many uninsured americans with pre-existing conditions. i find it repugnant that republicans want to strip americans of this law's protections that will save the lives of our fellow citizens. i urge a no vote on this bill and i yield back. the speaker pro tempore: the gentleman yields back. the gentleman from texas. mr. smith: mr. speaker, i yield two minutes to the gentleman from texas, mr.

mr. cummings: thank you very much, mr. speaker. i rise before you in opposition to the bill we are considering today. i've heard from many of my constituents and small business owners who are grateful for the benefits of this law. children with pre-existing conditions are no longer being denied access to private health insurance. mafrlede small businesses offering health insurance to their employees are eligible for a 35% tax credit. further raverpbinging member of committee on government -- further, as ranking member of committee on government and oversight reform, i know that this would eliminate the private health plan providing coverage for many uninsured americans with pre-existing conditions. i find it repugnant that republicans want to strip americans of this law's protections that will save the lives of our fellow citizens. i urge a no vote on this bill and i yield back. the speaker pro tempore: the gentleman yields back. the gentleman from texas. mr. smith: mr. speaker, i yield two minutes to the gentleman from texas, mr.

mr. cummings: thank you very much, mr. speaker. i rise before you in opposition to the bill we are considering today. i've heard from many of my constituents and small business owners who are grateful for the benefits of this law. children with pre-existing conditions are no longer being denied access to private health insurance. mafrlede small businesses offering health insurance to their employees are eligible for a 35% tax credit. further raverpbinging member of committee on government -- further, as ranking member of committee on government and oversight reform, i know that this would eliminate the private health plan providing coverage for many uninsured americans with pre-existing conditions. i find it repugnant that republicans want to strip americans of this law's protections that will save the lives of our fellow citizens. i urge a no vote on this bill and i yield back. the speaker pro tempore: the gentleman yields back. the gentleman from texas. mr. smith: mr. speaker, i yield two minutes to the gentleman from texas, mr.

mr. massad, what are we doing with regard to the servicers, because there have been horrendous stories about what servicers have been doing and what impact do they have on these numbers? >> congressman cummingsree it's been abysmal. this is a voluntary program. congress didn't give us the tools to impose fines as mr. barofsky is suggesting. what we have is the ability to withhold payment when they enter a permanent modification. a lot of the problem was, we couldn't get them to get the permanent modifications done. we worked with them to change their performance. now, there are a number of other things that are going on in terms of the performance of the servicers. interagency task force that is looking at all the wrong things they've done in foreclosures, there is talk about having standards. we can't through hamp change the entire industry's behavior. this is a model, it's an industry that's broken. it didn't work. >> can you tell me this? is the justice department involved in anything you're doing? >> yes, they are. they are involved in the interagency task force, as are all the federal bank regulators and there's a lot of work being done on what types of reforms are needed. there's also

mr. massad, what are we doing with regard to the servicers, because there have been horrendous stories about what servicers have been doing and what impact do they have on these numbers? >> congressman cummings, i agree it'seen abysmal. this is a voluntary program. congress didn't give us the tools to impose fines as mr. barofsky is suggesting. what we have is the ability to withhold payment when they enter a permanent modification. a t of the problem was, we couldn't get them to get the permanent modifications done. we worked with them to change their performance. now, there are a number of other things that are going on i terms of the performance of the servicers. interagency task force that is oking at all the wrong things they've done in foreclosures, there is talk about having standards. we can't through hamp change the entire industry's behavior. this is a model, it's an industry that's broken. it didn't work. >> can you tell me this? is the justice department involved in anything you're doing? >> yes, they are. they are involved in the interagency task force, as are all the federal bank regulators and there's a lot of work being done on what types of reforms are needed. there's also w

mr. massad, what are we doing with regard to the servicers, because there have been horrendous stories about what servicers have been doing and what impact do they have on these numbers? >> congressman cummings, i agree it's been abysmal. this is a voluntary program. congress didn't give us the tools to impose fines as mr. barofsky is suggesting. what we have is the ability to withhold payment when they enter a permanent modification. a lot of the problem was, we couldn't get them to get the permanent modifications done. we worked with them to change their performance. now, there are a number of other things that are going on in terms of the performance of the servicers. interagenctask force that is looking at all the wrong things they've done in foreclosures, there is talk about having standards. we can't through hamp change the entire industry's behavior. this is a model, it's an industry that's broken. it didn't work. >> can you tell me this? is the justice department involved in anything you're doing? >> yes, they are. they are involved in the interagenctask force, as are all the federal bank regulators and there's a lot of work being done on what types of reforms are needed. there's als

mr. massad, what are we doing with regard to the servicers, beuse there have been horrendous stories about what servicers have been doing and what impact do they have on these numbers? >> congressman cummings, i agree it's been abysmal. this is a voluntary program. congress didn't give us the tools to impose fines as mr. barofsky is suggesting. what we have is the ability to withhold payment when they enter a permanent modification. a lot of the problem was, we couldn't get them to get the permanent modifications done. we worked with them to change their performance. now, therere a number of other things that are going on in terms of the performance of the servicers. interagency task force that is looking at all the wrong things they've done in foreclosures, there is talk about having standards. we can't through hamp change the entire industry's behavior. this is a model, it's an industry that's broken. it didn't work. >> can you tell me this? is the justice department involved in anything you're doing? >> yes, they are. they are involved in the interagency task force, as are l the federal bank regulators and there's a lot of work being done on what types of reforms are needed. there's als

mr. mcintosh now practices at mayor brown llp at washington. focusing on issues before congress and the executive branch. he's a graduate of the university of chicago school of law and a cum laude graduate of yale university. professor jonathan adler teaches at the case western reserve school of law where he is the director of case western center for business law and regulation. professor sally canton is a visiting professor at new york university school of law and and the professor also serves as senior advisor for the pedestrian group. good to have each of you with us and we'll start with mr. mcintosh and we recognize you, sir, for five minutes. >> thank you, mr. chairman. [inaudible] >> turn on your mic. >> thank you. it's a pleasure to be back. i'm learning the technology. and thank you, mr. cohen and mr. conyers for your remarks. let me commend the committee for taking up this question in the oversight hearing of the regulatory process and the urgency for looking are there ways of making it work better to reduce the cost of regulations. and i want to commend representative davis for his work in introducing the reins act. when i was a member the speaker asked me to ch