mr. huizenga: thank you, mr. chairman. i want to know which other committee would like their process to be short circuit the ways and means committee? i've not been happy as a maul business owner or things like that. or the ag committee. how about any other committee we are all dealing with? the fact is, my subcommittee, monetary policy and trade, where this has jurisdiction, had three joint hear wgs the oversight committee on this particular issue. there was a sunset put in, it was intentionally put in, so that there would be a review. the review happen and the determination of my subcommittee and this committee was that it did not warrant further action system of again, as we are looking that the tool that's been infrequently used, it doesn't restore regular order, as has been claimed. in, in fact it up ends the balance of power in the house. it skirts the committee process and gives the minority control over the house floor. a discharge petition was brought to the house floor under the guise of job creation. in reality

mr. huizenga, chairman of our monetary policy. the speaker pro tempore: the gentleman from michigan is recognized for two minutes. mr. huizenga: i appreciate the opportunity to come up here and talk about this process. we are starting to talk about what had happened through the committee. there was a work group put together both in the last congress and in this congress. came up some very interesting things. reforms, included in that reforms was how do we extract ourselves out of this? here's what happened last time. last time the bank was re-authorized, it was through a short-circuited system much like we are experiencing today. they did not go through regular order. it did not have all of the backing that it needed. it was kind of jammed down on everybody on the house floor. so, in that to kind of get everybody to let that smooth over a little bit, there was a requirement that the u.s. treasury start a negotiation with the europeans about one specific product, wide body aircraft. and that is what maintains a vast majority of the

mr. huizenga, chairman of our monetary policy. the speaker pro tempore: the gentleman from michigan is recognized for two minutes. mr. huizenga: i appreciate the opportunity to come up here and talk about this process. we are starting to talk about what had happened through the committee. there was a work group put together both in the last congress and in this congress. came up some very interesting things. reforms, included in that reforms was how do we extract ourselves out of this? here's what happened last time. last time the bank was re-authorized, it was through a short-circuited system much like we are experiencing today. they did not go through regular order. it did not have all of the backing that it needed. it was kind of jammed down on everybody on the house floor. so, in that to kind of get everybody to let that smooth over a little bit, there was a requirement that the u.s. treasury start a negotiation with the europeans about one specific product, wide body aircraft. and that is what maintains a vast majority of the

mr. huizenga: the intent and the spirit of the rule makes a lot of sense. having something that's going to negatively impact those home buyers, the first-time home buyers is not pro-consumer or pro-growth. and what we are trying to do with this particular bill and i applaud my new colleague for this is to allow the stake holders, which is the buyer, the seller, the companies that have the legal responsibility to do this closely properly to move forward and make sure this is done in the proper way for those consumers. hank you, madam chair. the speaker pro tempore: the gentleman from texas reserves. the gentlelady is recognized. ms. waters: i yield to our leader, nancy pelosi. ms. pelosi: i thank the gentlewoman for yielding and relentless championing of the rights of consumers in this country. i come to the floor on this legislation because it's something that runs deep in terms of our commitment and our responsibility to the consumers in our country. it is very curious to me that this is called the home owner's assistance bill because it is exactly the opp