mr. fitzpatrick: thank you, mr. chairman. for generations brave young men and women across the united states have answered the call of duty and service of our nation. now as the conflicts on foreign fields continue to wind down, we must ensure that we do not lose sight of the need to care for and provide for our returning veterans. our nation has learned from generations of veterans that war does not end when the camps are packed in, the planes are grounded, the ships are docked and our soldiers set foot on american soil. general washington once reminded us that the willingness with which our young people are likely to serve in any war, no matter how justified, shall be directly proportional to how they per receive the veterans of early -- perceive the veterans of early yar wars were treated and appreciated by their nation. however, during these difficult economic times our veterans are still faced with challenges as they return to civilian life. in march of this year, the bureau of labor statistics reported that among vetera

mr. fitzpatrick of pennsylvania. amendment number 0 by mr. posey of florida. amendment number 21 by mrs. maloney of new york. amendment number 25 by mr. posey of florida. the chair will reduce to two minutes the minimum time for any electronic vote after the first vote of this series. the unfinished business is the request for a recorded vote on amendment number 6 printed in part b of house report 112-616 by the gentleman from north carolina, mr. watt, in which fourth proceedings were postponed and the noes prevailed by a voice vote. the clerk: amendment number 6 printed in part b of house report 112-616 offered by mr. watt of north carolina. 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 15-minute vote. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the clo

mr. fitzpatrick for one minute for an opening statement. >> thank you, mr. chairman. and thank you secretary geithner for taking the time to be with us this morning. we are interested in avoiding the next financial crisis and i think we can all agree the best place to start is by doing this. committee has examined the effect of dodd frank. it is the opinion of many that the law favors big banks and hurts small banks which in turn hurts small business. the more immediate issue remains lack of growth in the economy. an increasing marginal tax rates reduce economic growth by creating a strong disincentive to hard work, savings, and vesting is. increasing taxes will do more harm to our economy. i hope the fsoc will adjust the pro-growth policies americans are waiting for, lower budget deficits, smarter regulatory policy and tax code simplification that lowers rates. we look forward to your testimony. >> thank you. the chair recognizes mr. duffy for one minute. >> thank you, mr. chairman for yielding. secretary geithner, i know you are here to talk about the stability of t

mr. fitzpatrick for five minutes. mr. fitzpatrick: i ask to address the house for five minutes, revise and extend. the speaker pro tempore: without objection. mr. fitzpatrick: thank you, mr. speaker. i rise today to honor the life and memory of pennsylvania state representative anthony melio who passed away on thursday afternoon. to his family, friends, and neighbors he was known simply as tony, poppop and uncle tony, in the pennsylvania state capital he was known as a hardworking and honorable state representative. having served his country in the naval reserves and working as one of the first employees in the united states fireworks in bucks county, tony's story is a story of my hometown, a town of dignified and hardworking people. tony was a man who built his political career on bringing the community together with his contagious smile and warm personality. he embodied the spirit of public service during his time in harrisburg. as the people's representative from lower bucks county, tony carried out his duties with dign

mr. fitzpatrick has raised and mr. duffy has raised regarding having a robust economy in the face of the new regulations that are being promulgated as a result of dodd-frank. the office of financial research and fsoc, i know are working together to formulate the designation of non-bank financial companies as systematically important and i have a letter. i would ask unanimous consent to be introduced into the record, regarding some concerns in terms of the coordination between fsoc and the ofr and of course the entities themselves so that we do not create a disruptive or a, if you will, enterprise compromising situation through promulgation of rules that may not be practically applied in the real world that we face global competition and the rest and indeed, sir, you have advocated for global cooperation in terms of extra tear torre alty which i think is very important stand as i hope you will share with the cftc as they contemplate those rules. i look very much forward to your testimony how we go forward in a way that

mr. fitzpatrick for one minute for an opening statement. >> thank you, mr. chairman. and thank you secretary geithner for taking the time to be with us this morning. we are interested in avoiding the next financial crisis and i think we can all agree the best place to start is by doing this. the committee has examined the effect of dodd frank. it is the opinion of many that the law favors big banks and hurts small banks which in turn hurts small business. the more immediate issue remains lack of growth in the economy. and increasing marginal tax rates reduce economic growth by creating a strong disincentive to hard work, savings, and investing. increasing taxes will do more harm to our economy. i hope the fsoc will adjust the pro-growth policies americans are waiting for, lower budget deficits, smarter regulatory policy and tax code simplification that lowers rates. we look forward to your testimony. >> thank you. the chair recognizes mr. duffy for one minute. >> thank you, mr. chairman for yielding. secretary geithner, i know you are here to talk about the stability

mr. fitzpatrick 41 women -- one minute for an opening statement. >> thank you for taking the time to be with us this morning. we're interested in supporting the next crisis, and we can agree the best place to start is by doing no harm. this committee spent time examining the effect of dodd- frank for companies to compete in light of the new additional burden spirit it is the opinion it hurts small businesses, but the more immediate issue remains lack of growth in the economy. high and increasing tax rates growth. last week it was a reported that increasing taxes will do more harm to our economy. i hope the ssc will address the pro-economic growth policies that americans are waiting for, lower budget deficits, small or regulatory policies. we look forward to your testimony. thank you, sir. >> thank you. the chair recognizes mr. duffie for one minute. >> thank you for yielding. we are here to talk about the stability of the nation's financial system. as i travel in wisconsin i can tell you my constituents feel like the system is far from stable. they are concerned about the economy. i would li

mr. fitzpatrick: congratulations to the coaches, the players, -- congratulations once again to everybody who took part in this historic run. we wish all the players and coaches and their parents the best. i'm proud and honored to see a local team go so far. mr. speaker, i yield back. the speaker pro tempore: the gentleman yields back. for what purpose does the gentlelady from california seek recognition? >> to address the house for one minute and revise and extend my remarks. the speaker pro tempore: without objection, the gentlelady is recognized. >> i rise to extend my congratulations to the people of moral bay on the coast of california. they won the award for coastal and ocean management from noaa. mrs. capps: this is for its ground breaking work with other coastal communs in california, local fishermen, and the nature con -- nature conservancy to preserve fishing activity and build long-term economic and environmental resiliency on california's central coast. the partners realized this bay and other communities are working water fronts and need to respond to the changing needs of th