mr. fleming. >> look. i have to tell you the hard working people in louisiana, we are going through some difficult times. we're having to close a $2 billion budget gap, annual gap. by law and by constitution, we have to actually balance our budget every year. we're not allowed to go out and borrow money and consider that revenue which is exactly what puerto rico does so all this amendment does is it correctly defines what revenue and resources are. and currently, the territory is considering borrowed money, the money that people have lent in good faith to this territory who are going to lose much of their principal, widows and retirees. all it says is let's be honest about what a balanced budget really is. the state of louisiana, and the hard working people i represent, know what a balanced budget is. and they know they're having to go through the tough times right now to make that happen. increased taxes and cuts to services. and so, what we're saying here is, well, we're going to put this oversight board

mr. fleming, you are recognized. >> mr. chairman, i'd like to sub for the record a letter i resources and the former governor of puerto rico mr. pallone. and so he expresses his concern the oversight board will overrule the democratic will of the people of puerto rico. now as mr. pelosi, excuse me, mr. pierluisi, has helpfully reminded this committee many times from this crisis has come about through decades of fiscal mismanagement. in some ways it's a debt crisis does reflect the will of the people of port or become because they have repeatedly voted for representatives and governors to give them liberal social policies and generous benefits, which is why we are here today talking about an oversight board. at the same time i am sympathetic to the governor's argument about self-governance. fortunately, the bill already contains the answer. it was written broadly so that its provisions could one day apply to any of the five u.s. territories but it creates special circumstances that apply only to puerto rico in this bill. two

mr. fleming: again, mr. chairman, my amendment is not a debate about climate change, regardless of where you fall on that issue. all this does is free up d.o.d. to make the vital important decisions on that instead of handcuffing them. i reserve. the chair: the gentleman reserves the balance of his time. the gentleman from washington. mr. smith: thank you. actually it precisely does handcuff them by telling them how to make their decisions. saying they can't make a decision based on their belief that needs for alternatives to fossil fuels are important. if we don't wish to handcuff them, don't offer an amendment telling them that they have to spend their money in a certain way. that's exactly what this amendment does. again, there's multiple reasons for making these investments in alternative energy. i'll return to one that was raised by mr. gibson. out in the field, you need multiple different sources of energy. if you can get a situation where you have properly developed solar power or thermal power, you c

mr. fleming. my colleagues on the other side of the aisle willingly admits out of nine or so billion dollars a year , $2 billionrto rico of that is coming from the mainland. this is clearly a tax scheme. congress had nothing to do with it. this came out of an agreement between some lobbyists and the administration to turn a blind eye to this. beginning in 2010, this is very recent. the bailout has already begun, to say this is not a bailout is simply not true. this has nothing to do with the income tax. we know about the foreign income tax credit. this is novel. the way it works is, it is to benefit tory's increase that tax overtime. that brings more and more dollars out of the u.s. treasury at a time when we have a national debt of $19 trillion. otherield back, any discussion on this amendment? aye?hose in favor say opposed say nay? the nay's have it. >> i request a roll call. >> no. >> no. no. >> mitchell lamborn votes yes. yes, mr.an votes fleming? mr. fleming votes yes. votes no, mr. mcclintoc

mr. fleming, number 76. >> thank you. >> mr. fleming, you recognized for five minutes on your amendment. >> mr. chairman, i would like to submit to the record an article from politico on may 9th, 2016 and the article states and i'm quoting, law enforcements say they absolutely positively will not bail out puerto rico. but here is the thing. the federal government already is bailing out puerto rico. it goes on to say this. the obama administration effectively has been providing the beleaguered island with billions of dollars in aid through a little noticed and convoluted tax arrangement with the help of a washington law firm puerto rico in 2010 created a special corporate levy aimed at getting money out of the u.s. treasury and the u.s. has refused to rule on whether it is legitimate. end quote. those are not my words. those are from politico. my amendment requires a ruling before the rest of the bill's provisions could go into effect. first a bit of history. the government of enacted a new tax through act 154 that took effect in

mr. fleming: i yield back. the chair: -- mr. dent: i yield back. the chair: the gentleman from louisiana. mr. fleming: i urge support of this. we need to protect our soldier, sailor, airmen, as well as marines. we need to make sure they're safe out there, that every dollar is put into readiness and to protect them and should not be diverted in this way. again, i urge support of this amendment. i yield back. the chair: the gentleman yields back. all time for debate having ended, the question is on the amendment offered by the gentleman from louisiana. those in favor say aye. those opposed, no. in the opinion of the chair, the noes visit. mr. fleming: i ask for a recorded vote. the chair: pursuant to clause 6 of rule 18, further proceedings on the amendment offered by the gentleman from louisiana will be postponed. for what purpose does the gentleman from kale seek recognition? >> i have an amendment at the desk. the clerk: the -- chip the clerk will report the amendment. the clerk: amendment offered by mr. huffman of california. at the end they have

mr. fleming. mr. fleming votes yes. miss stongas. hiss songas votes no. mr. mcclintock. mr. mcclintock votes yes. mr. pierluisi votes no. mr. thompson. mr. thompson votes no. mr. huffman. miss lummis. miss lummis votes no. mr. ruiz. mr. ruiz votes no. mr. benishek. mr. benishek votes no. mr. loan that'll. will lowenthal votes no. mr. duncan. mr. duncan votes no. mr. cartwright. mr. cart rite votes no. mr. goesar. mr. goesar votes no. mr. beyer votes no. mr. labrador. mr. labrador votes no. miss torres. miss torres votes no. mr. la malfa votes no. miss dingell votes no. mr. denham. mr. gallego. mr. gallego votes no. mr. cook. miss capps. miss capps votes no. mr. westerman votes no. mr. pole polis votes no. mr. clay votes no. mr. newhouse votes no. mr. zinke. mr. zinke votes no. mr. heiss votes no. miss rat wagon votes no. mr. moony. mr. hardy. mr. hardy votes no. mr. lahood. mr. lahood votes no. >> those who have not voted -- mr. gohmert has not been roar recorded. >> mr. cook has not been recorded. mr. cook votes no. mr. costa votes no. >> mr. denham. >> mr. denham votes no.

mr. fleming, on if churt proceedings . the clerk: amendment number 2 printed in house report 114-571, offered by mr. phlegming of louisiana. recorded vote has been request. those in support of the request for a recorded vote will rise and be downed. a sufficient number having risen a recorded volt is ordered. members will record their votes by electronic device. this is a two-minute vote. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the chair: on this vote, the yeas are 2267, the nays are 198. the amendment is adopt the unfinish business is the request for a recorded vote on amendment number 5 by the gentlewoman from california, ms. lee, on which further proceedings were postponed and on which the noes prevailed by voice vote. the clerk will redesignate the amendment. the c

mr. fleming. >> i consulted with mr. labrador that he supported 91 in the change of -- in the aspect supplied here changing the word respect to comply with. and therefore we have agreed upon this as a good substitute for my 91. and ask that it -- we make it in order and pass it. > is there further discussion? >> mr. chairman just for clarification purposes are we talking about amendment 91? >> the revised version, which is just the first two lines on age 37 line 22 strikes inspects and puts comply with. >> i rise in opposition. my concern with this language is that it could be interpreted at meaning that you cannot restructure any of the general bligation bonded debt. and as i have stated before, it is one thing to say that we're going to respect priorities and treat bond holders differently depending on the type of securities you are holding and their rights. it's quite in order to say they cannot be part of any restructuring. everybody should be at the table and i anticipate that there will be differences in the treatm

mr. fleming of louisiana. huffman of california. gosar, arizona. amendment by mr. perry, a. and amendment by mr. maloney of new york. the chair will reduce to two minutes the after the first vote in this amendment. the first amendment offered by the gentleman from south carolina, mr. mulvaney, on which further proceedings were postponed and noes prevailed by voice. the clerk: amendment offered by mr. mulvaney of being south carolina something. the chair: those m support of request for recorded vote, a sufficient number having arisen, members will record their votes by electronic device. this is 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 closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the chair: on this vote the yeas are 52. nays are e -- the 372. the request is the vote on amendment numb

mr. cook: we are going to go to sam fleming from the "financial times." >> good morning. a couple of questions, if i may. one interpretation -- mr. cook: let's start with one just until we get around, and then have a followup, maybe. >> one interpretation being put on donald trump's comments about the dollar is that he no longer believes in a strong dollar policy and would move to a more competitive approach on currency. would that be the wrong path, and does that make it harder for you in your dialogue with other ministers when you have a presidential candidate making these kinds of comments? mr. lew: i speak for the administration based on the policy of this administration, echoing policies that have been consistent u.s. policies for quite a long time. you know, i think we have watched over the last couple of years where the u.s. economy's relative strength compared to other economies has led to a stronger dollar. the answer is for other economies to strengthen. it's for regions like europe, countries like china and japan to take the steps that they need to take to have

mr. castro? aye.castro votes missed up worth? -- ms. duckworth? ms. stuck worth votes aye. aye.. duckworth votes dr. fleming? dr. fleming votes no. mr.aufman question mark mr. kaufman votes no. ms. gabbard? ms. gabbard votes aye. ms. hart's worth? no. mr. o'rourke? mr. o'rourke votes aye. ht? hec mr. scott? mr. scott votes no. mr. gallego. aye.allego votes mr. nugent? mr. nugent votes no. ms. graham? ms. graham votes no. mr. cook? mr. cook votes no. mr. ashford? mr. ashford votes no. mr. bronstein? mr. iu lark? mr. i go our votes -- mr. aguilar? mr. aguilar votes no. mr. graves? mr. graves votes no. mr. think he? mr.'s he votes no. phonicnic -- ms. stiff -- mr. macarthur? mr. mcarthur? russell? mr. russell votes no. mr. rogers. mr. rogers votes no. mr. shuster? mr. hunter? mr. hunter votes no. mr. macarthur? >> the clerk will report the tally. >> mr. chairman, 20 aye votes, 41 no votes. the amendmentry: is not adopted. >> mr. chairman i moved to adopt the subcommittee report on land forces. chair thornberry: those in favor will say aye. those opposed say no. a quorum being present, the ayes have it and the motion is adopted. the comm

mr. cook: we are going to go to sam fleming from the "financial times." >> good morning. a couple of questions, if i may. one interpretation -- mr. cook: let's start with one just until we get around, and then have a followup, maybe. ok. >> one interpretation being put on donald trump's comments about the dollar is that he no longer believes in a strong dollar policy and would move to a more competitive approach on currency. would that be the wrong path, and does that make it harder for you in your dialogue with other ministers when you have a presidential candidate making these kinds of comments? mr. lew: i speak for the administration based on the policy of this administration, echoing policies that have been consistent u.s. policies for quite a long time. you know, i think we have watched over the last couple years where the u.s. economy's relative strength compared to other economies has led to a stronger dollar. the answer is for other economies to strengthen. it's for regions like europe, countries like china and japan to take the steps that they need to take to have

and thomas fleming, his new book is called the intimate lives of the founding fathers. i wonder what that is about. [laughter] mr. unger: i am honored by having you all here because i know that some of you sacrificed the $15,000 a plate fundraiser for president obama tonight. i can only offer you food for thought, but the price is right. i am sure you have all seen the famous painting of george washington crossing the delaware. you probably remember there is a soldier standing behind him with the american flag in his arms. that soldier, the officer, is ames monroe. and there were two symbolic reasons that the artist, john trumbull placed monroe and washington as one of the only two important figures in the painting. one of the only two figures standing in the boat. monroe did not actually cross the delaware in the same boat as washington, but trumbull put him there to show him as a great hero of the battle of trenton under washington's leadership. he also put him next to washington to recognize him as the second greatest and second most beloved president after washington in the early years of the republic. indee