mr. graves: thank you, mr. chairman. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentlelady from new york. ms. velazquez: mr. chairman, i yield myself the balance of my time. the speaker pro tempore: the gentlelady is recognized. ms. velazquez: mr. chairman, the face of american small business is changing and rapidly. 20 years ago entrepreneurs were likely to rely on loans and credit cards to start up or expand their businesses. this meant delays of most. but stayed's start-up costs have grown dramatically. this has caused many small companies to turn to equity investment, particularly those in high growth, technology-based sectors which show the greatest promise to create new jobs. for this firm, the assets are not building or machinery. they are people, ideas, and skills. for this new generation, the old method of ensuring capital through debt is no longer sufficient by itself. in a world where revolutionary new products are conceived and companies are launched in garages, new ways o

mr. graves. the chairman of the -- the ranking member of the small business committee. the chair: the gentleman reserves. the gentleman from texas reserves. the gentleman from virginia. mr. nye: i yield to my colleague from new york, the chairwoman of the small business committee, one minute. the chair: the gentlelady from new york is recognized for one minute. ms. velazquez: thank you. i want to thank the gentleman for yielding. mr. chairman, since the financial crisis happened in 2007, much is being done to help banks and financial institutions stay solvent. those steps were necessary. i firmly believe that without them the financial crisis would have deepened. unemployment would have been higher, more americans would have suffered and our economic recovery may have been delayed for many years. despite these efforts, our entrepreneurs are still struggling to tap into the credit that they need. as we look at this problem once more, it's vital that we ensure that the benefits of this bill reach small businesses. that is the intent of this legislation, but without the rig

mr. graves. . the chair: the gentleman from missouri is recognized. mr. graves: thank you, madam chair. thank you, mad cram chair for recognizing me -- madam chair for recognizing. i rise in support of the amendment to enact a program to target investment in certain industries. the selection of the applicant should be based on the likelihood the venture compap company will make those amendments. i believe it clarifies the bill and support it and yield back. the chair: the gentleman yields back the balance of his time. the gentlewoman from california. ms. sanchez: first i would like to thank our great chairwoman of the small business committee. i nooice she's a little under the weather today so we really appreciate she would come down and speak on our amendment. as a californian i continue to go back every week to my district and our small businesses are ailing. they are asking for help. they are holding on. a lot of them have not been able to make it through. those who are still holding on are waiting for us to help them, to do something. about a month ago i had our chairman bernanke be

mr. graves: now learn t admistrationants another $15 billion bailout. whn will it end? washington cann create job, no matter how much mone rown o there we kn js can only crewhen you expa the private sector and not expand government. as we look forwarto getting americancko work, i stand here dato say it is te for washingtoto foret - to get aut the busesof expandin t privateector, not expaing government, and promoting sustainable eation. i ow georgians are tired of what's going on here washingn, i know miest icans are too,ith the bailouts, bouts, and stimulu the saker pempore: the gentleman's time has e. are the further oneinute ests? for what purpose ds the recognition? utah seek mr. bishop: mr. speak, i k unanimouconsent that today, foowlegislativ, t following membersay be permitted to address the house and revise a extend thei matial, mr. boozman for today, mr. pofor today, mr. flakeor today, mrduncan for today,r. bishop for today, mr. broun for today. the speaker o tempore: the eaker pro mpore: without obction. for what purposdoes the gentlewoman from wisconsin seek r

mr. graves, each will control 15 minutes. the chair recognizes the gentlelady from illinois. ms. bean: thank you, mr. chairman. i yield myself five minutes. the chair: the gentlelady is recognized for five minutes. ms. bean: mr. chairman, our nation's economic rebirth relies on our community businesses to innovate, develop and market solutions that deliver measurable value to their customers. their success drives the majority of new jobs in our nation. they are the engine of innovation and their resiliencey to reinvent their business models and adapt to emerging growth models is critical. it's their creativity that drives 13 times more patents per employees than large firms. they are beyond the goods and services and jobs they provide, they invest in the bricks and mortar. they have supply chains that depend on their businesses. they do charitable givings and they mentor young people in their communities. congress has done much to address the challenges small businesses face. among the 288 billion dollars in tax breaks in the recovery act were crucial small business tax provisions

mr. graves: thank you, mr. chairman. mr. chairman, i don't have any other speakers. again i would like to reiterate. this is just a give away. that's all it is f we want to help small businesses, let's reinstate bonus depreciation. let's shorten appreciation to buy new equipment, to add new jobs. let the government get out of the way. i creasing their taxes in a time when the -- increasing their taxes in a time when the deficits are running high is not the way to help small businesses. with that again i oppose the amendment and yield back the balance of my time. the chair: the gentleman from missouri yields back the balance of his time. the gentleman from oregon. mr. schrader: i appreciate the gentleman from missouri's concerns. do i take issue with them. to prevent fraud and abuse, unfortunately that does happen in tough economic times, these payments are made to the lenders to make sure they go back to where they are supposed to be as the taxpayers have authorized under this amendment and bill. the 7-a program is the most popular program out there. it's something b

mr. graves of missouri. the speaker pro tempore: the gentleman is recognized for two minutes. mr. graves: thank you, mr. speaker. mr. speaker, everyone agrees it's critical to restrict urel the regulatory side of our nation's financial sector to help prevent future crisis. unfortunately, not only does this conference report fail to achieve the most basic goal, it compreats harmful new hurdles for small businesses. as ranking member of the house small business committee i cannot support this legislation. some of my colleagues are quick to state publicly that small businesses are going to bring us out of this economic downturn yet they turn their backs from small firms and promote policies that hinder their growth. through this legislation, congress is once beginning ignoring the voice of the entrepreneur. the conference report includes a massive new government bureaucracy that supporters claim will take consumers from oversellers of credit. it will affect millions of credit transactions between businesses and their customers. even if it is credit regulated by institutions, it will r

mr. graves: mr. moran, june 24, for five minutes. ms. foxx today for five minutes. my good friend from georgia, mr. westmoreland, today for five minutes. mr. poe, june 24, five minutes. and mr. jones on june 24, five minutes. the speaker pro tempore: without objection. for what purpose does the the gentlewoman from california rise? ms. woolsey: madam speaker, i ask unanimous consent that today following legislative business and any special orders heretofore entered into the following members may be permitted to address the house revise and extend their remarks, and include therein extraneous material. ms. woolsey, california. mr. mcdermott, washington. ms. kaptur, ohio. mr. defazio, oregon. the speaker pro tempore: without objection. under the speaker's announced policy of january 6, 2009, and under a previous order of the house, the following members are recognized for five minutes each. mr. moran from kansas. for what purpose does the gentlewoman from florida rise? ms. ros-lehtinen: to address the house. the speaker pro tempore: without objection. ms. ros-lehtinen

mr. graves? >> no, by proxy. mr. schumererkc, votes aye by proxy. >> what is the tally? >> 20 ayes, 11 nays. >> the house sends you its approval. >> let me congratulate you on a terrific job. we will now vote on the senate side. those in favor aye, those opposed nay. the ayes have it. i will ask the clerk to call the roll. >> mr. chairman? >> aye. >> aye. >> aye, by proxy. >> ye. >> aye, by proxy. >> aye, by proxy. >> mr. shelby? >> no. >> mr. crapo. >> no. >> mr. corker. >> no. >> mr. chambliss. >> no. >> the clerk will report. >> 7 aye, 5 nay. the bill is passed. hank my colleagues. [applause] >> with the votes of the house and senate conferees in favor of passage of the bill, i declare the bill passed and the conference committee is now adjourned. [applause] >> nice to meet you. take care. >> congratulations. >> congratulations. >> we recognize the remendous efforts of staff. it has been nothing quite like this. as is as good as it gets in terms of a legislative effort. this makes a huge differencee no one thought we could get this done. it is a tough environment to o

mr. graves? >> no, by proxy. >> madame clerk, mr. schumer votes aye by proxy. >> mr. schumer votes aye by proxy. >> what is the tally? >> 20 ayes, 11 nays. >> the house sends you its approval. >> let me congratulate you on a terrific job. we will now vote on the senate side. those in favor aye, those opposed nay. the ayes have it. [laughter] i will ask the clerk to call the roll. >> mr. chairman? >> aye. >> mr. johnson? >> aye. >> mr. reed? >> aye. >> mr. schumer. >> aye, by proxy. >> ms. lincoln? >> aye. >> mr. harkin. >> aye, by proxy. >> aye, by proxy. >> mr. shelby? >> no. >> mr. crapo. >> no. >> mr. corker. >> no. >> mr. gregg. >> no. >> mr. chambliss. >> no. >> the clerk will report. >> 7 aye, 5 nay. the bill is passed. >> i thank my colleagues. [applause] >> with the votes of the house and senate conferees in favor of passage of the bill, i declare the bill passed and the conference committee is now adjourned. [applause] >> nice to meet you. take care. >> i'm on the cleanup crew. >> congratulations. >> congratulations. >> we recognize the tremendous efforts of

mr. president. today, the security council has responded ecisively to the grave threat to international peace and securityposed by iran's failure to live up to its obligations under the nuclear non-proliferation treaty. this treaty is the principal international legal instrument for holding member states accountable. discouraging the spread of nuclear weapons and bringing the benefit of nuclear energy to all corners of the world. as president obama has said, the rules must be binding. violations must be punished. words must mean something. the issue is straightforward. we are at this point because the the front of iran has chosen to violate its commitments to the iaea and the resolution of the council. despite consistent longstanding demand by the international, an antiiran has not suspended its uranium enrichment and other proliferation related activities. the security council has passed the resolution today aimed at reinforcing the need for iran to take th steps and comply with its obligation. these sanctions arnot directed at the irony in ran and people nor did they stop the legitimate exerse of its ri

mr. baucus pointed out in his testimony in the rules committee will cost jobs. that's the reason we have grave concerns about it. on the issue of social security, the notion that somehow we are saying to someone who is on social security today that you're going to end up seeing the age increase to 70 is preposterous. we know full well what's going to happen. as we are talking about young workers today in their 20's and 30's who want to make sure that there is something there for social security. if we don't tackle the issue of entitlements, we won't be able to do what the american people have said this congress should be doing, and that is reining in the kind of spending the likes of which we see 84% increase in nondefense spending in the last 17 months. we need to make sure we rein that in and these kinds of proposals will do just that. i thank my friend for yielding. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts. mr. mcgovern: mr. speaker, my objection about mr. boehner's statement with regard to social security was that he wanted t

graves. the speaker pro tempore: for what purpose does the gentlewoman from california rise? ms. waters: mr. speaker, i ask unanimous consent that all members may have five legislative days to revise and extend their remarks on h.r. 5072 and to insert extraneous material thereon. e speaker pro tempore: without objection. pursuant to house resolution 1424 and rule 18, the chair declares the house in the committee of the whole house on the state of the union for the consideration of h.r. 5072. the chair appoints the gentlewoman from illinois, mrs. halvorson, to preside over the committee of the whole. the chair: the house is in the committee of the whole house on the state of the union for the consideration of h.r. 5072 by the clerk will report by title. the clerk: h.r. a bill to improve the financial safety and soundness of the f.h.a. mortgage insurance program. the chair: pursuant to the rule, the bill is considered as read the first time. the gentlewoman from california, ms. waters, and the gentlewoman from west virginia, mrs. capito, each will control 30 minutes. the chair recognizes the