hill and mr. lucas. at this point, i anticipate adjourning the hearing. mr. hill is recognized. >> thank you, chairman. chair yellen, thank you for being here today very much. a couple of items i wanted to bring. the harvard study everyone has read the last few months. one out of five counties particularly rural counties, no longer have physical presence of a bank. it's not a branch of a national bank but not even the presence of a commercial bank. that's concerning. it speaks to eus point. two things i want to bring to your attention. one is the herfendahl index, adopted back in the 60s as bank mergers became subject to anti-trust rules discriminate against rural areas. i think the idea of using county designations and using deposits as the sole member of business as a trade area is incorrect. and i can give you many examples of this. i would invite the board staff to reconsider how to do bank mergers, not basing them on the herfendahl. the second is is the comment on mergers. mergers -- between bank holding companies, if there's no comment, you have a 56-da

mr. lucas. >> thank you, mr. chairman. and mr. secretary, i have to echo the comments of the chairman and the ranking member about the challenges that you and the department have faced in implementing your other dramatic change in policy in the 2014 agriculture. i think in most areas it's been fundamentally amazing how successful that has been. but like anything i have a few questions, the secretary and one of the things i'm curious about, the $100 million that was provided for the implementation of title one, due to the increased workload from arc and plc, loum of that money was used and, if you could, perhaps a follow-up is necessary, but provide the committee with a written breakdown of how that money was spent. can you touch on that mr. secretary? >> i can mr. -- well i -- >> by the way, your county office folks have worked very diligently to get all this done. they're good people. but they face some challenges out there. >> there's so many chaires and former chairs on this committee i'm probably going to -- >> exactly. >> con

the gentleman from arkansas and the gentleman from oklahoma mr. lucas. at the point i anticipate adjourning figuring. the gentleman from arkansas is recognized. >> thank you, chairman. chair yellen, thanks for being here today very much. a couple of items i want to bring. mr. peck talked about banking faa bill and the harvard study that has read the last few months, so you see one out of five accountants typically rural counties no longer have a physical presence of a bank. not a branch or even the presence of a commercial bank. i think that's concerning speaks to this point. and two things on the item i want to call to your attention that relates to merger approval issues at the fed. one is better than all index but i think of think the earth and all index which was adopted back in the '60s is bank mergers became subject to the antitrust rules, discriminate against rural areas but i think the idea of using county designations and using deposit as the sole member of indeed sheffer what business is a trader he is incorrect. i can give you many examples of

the gentleman from oklahoma, mr. lucas, is recognized for his question. >> thank you, chairman smith. and i think it's worth noting the comments from chairman of the epa science advisory board that stated the data used to justify regulation should be made publicly available and that all data going into making solutions in a scientific study should be made available. and similarly, i think it's worth remembering the president's science advisory testimony before the committee that regulatory decisions should be based available to the committee and made public. i think we should remember that. that having said, admin straighter, if the epa's use of nonpublic scientific data consistent with the agency's scientific integrity policy? are you doing things consistent with your own policy on scientific integrity? >> yes, sir, we are. >> can you -- and i'll be honest with you administrator coming from a rural area i'm sensitive about the u.s. waters. can you guarantee me in this committee that all data supporting the final rule will

and what i would say to you is i'm going to borrow a phrase from mr. lucas, there were some hard words tonight and i won't remember them tomorrow. and heck i turned 50 this year. i'm at the point in my life where i have kids and mr. corley i said to him earlier, i don't back down much and i think most of you all that know me a lot, know that. and as i did in 2000 i know we have to resolve this issue. and i don't understand why we're taking the position that in the bill -- having it in the bill, i don't understand why that is a big deal to come back on january 1st after we remove the flag and give us a plan on how to handle it. but that is the card that has been played. and i appreciate you, representative ott for reaching out to me and mr. anderson and todd rutherford and there were a couple of things that changed my perspective on this. i spoke with senator ledgerman and he said he would do everything he could to get these through as quickly as possible. and representative rutherford said he would support the effort to get the relic room the funding it need

mr. lucas. rep. lucs: the comments that stated the data used to justify regulations should be made public and available and the data to make conclusions as scientific studies should be made available and it is worth remembering the science advisory's testimony their regulatory decisions and others are based and should be available to the committee and made public. we should remember that. having said that administrative the epa's use of data consistent with the agency's scientific integrity policy? are you doing things consistent with your own integrity? admin mccarthy: yes, we are. rep. lucas: i will be honest with you, administrator. i'm a little sensitive about the waters. can you guarantee me the all data supporting the final lotus role will be 100% public we available? admin mccarthy: it was published in the federal register a short time ago. all of the data into our conductivity study is already publicly available and the technical documents provided -- rep. lucas: in a particular area, have yo

. >> chair now recognizes the gentleman from oklahoma mr. lucas. >> i appreciate your indulgence and chair we tried to move in aen expeditious sort of fashion. as we discussed before, my part of the country is economically dependent on the oil and gas industry. i'm hearing from those involved in energy lending about regulatory pressure. crude oil in the ground, proven reserves during this current period of low prices. i'm concerned if banks have election flexibility dealing with these countries that accumulate impact of all the factors as we move toward the end of the year could result in loans potentially being defaulted on or -- so i just ask that we be understand of those proven barrels in the ground. the last time we were together before this committee we discussed. basel 3 leverage ratio rule as it relates to the treatment of segregated margin. i appreciated your response of on-balance sheet accounting treatment. i would like to go a little further today and specifically talk about the basel leverage ratio extending to off-balance sheet expos

. >> mr. lucas for five minutes. >> thank you mr. chairman and mr. secretary, i have to echo the comments of chairman and the ranking member about the challenges you and the department faced in implementing a rather dramatic change. really, i think in most areas it is quite fundamentally amazing how successful that's been but like anything i have a few questions, mr. secretary in a number of areas. one of the things i'm curious about $100 million provided for the implementation of title i to be cruised for filling staff positions due to the increased work of ark and plc. how much of that money was used? and if you could, perhaps in a follow-up if necessary, but provide the committee with a written break down of how that money was spent. can you touch on that, mr. secretary? >> i can -- >> you're a county office folks worked diligently. they face some challenges throughout. >> there are so many chairs and former chairs of then committee i'm probably going to -- >> exactly. >> congressman, we are using this resource in a planned and strategic way. the

the gentleman from oklahoma, mr. lucas, is recognized for his questions. >> thank you, chairman smith. and i think it's worth noting the comments from chairman of the epa science advisory board that stated the data used to justify regulation should be made publicly available and that all data going into making conclusions in a scientific study should be made available. and similarly, i think it's worth remembering the president's science advisory testimony before the committee that regulatory decisions and other decisions are based should be available to the committee and made public. i think we should remember that. that having said, administrator, is the epa's use of nonpublic scientific data consistent with the agency's scientific integrity policy? are you doing things consistent with your own policy on scientific integrity? >> yes, sir, we are. >> can you -- and i'll be honest with you, administrator, coming from a rural area, i'm sensitive about the waters of the u.s. rule. can you guarantee me and this committee that

the chair now recognizes the gentleman from oklahoma, mr. lucas. >> great to see you again. we work through the subcommittee chairman, the underclass man, didn't have a chance to ask you questions last time, that's appropriate, now you're back to the old guys on the back row. i share some of the concerns of my colleagues on both sides of the aisle. but there's a real problem with this liquidity issue in the financial services committee, and i find it seems very hard to argue this reduction has nothing to do with the cumulative impact of new rules and regulations of the capital requirements. while we continue to work to improve the safety and soundness, it's important we be don't lose soithd of the big picture, the aggregate impact of all these factors and be ever mindful of unintendedly creating risk and harming the ability of users to drive the economy and create growth. i have a particular issue i'd like to focus on, and that's on the leverage ratio rule as it applies to the treatment of segregated margin. this is an issue that increases costs for end users and impacts the

mr. frank lucas. i yield. mr. lucas: i'm appreciative to you for organizing this special order to discuss an issue that perhaps not many of our neighbors back home have had time to focus on and to have speakers from a variety of perspectives discuss what it really means in job creeeags, economic growth opportunities in their home districts and communities. the export-import bank. i would be remiss if i didn't note you and i are both farmers. one of the common threads in agriculture throughout this great country is, since colonial times, we have always produced more than we could consume in this country. we've always had to sell our surplus into the world market. that's only way to maintain a healthy production of agriculture, to have reasonable job opportunities, reasonable standard of living in our agricultural communities. . export-import touches on many of those issues. created in the 1930's as a tool to help all parts of the american economy have the credit and the ability to sell into world markets. as a matte

lucas thought i'm getting $4 billion from. this they're going to make that back in like two weeks. >> i'm very excited. another huge show harry shear, the voice behind mrhe show in may over a contract dispute will make his return now on the upcoming season. fox released a statement following the announcement that reads, each and every member of the iconic series voice cast will be returning in the roles they brought to life since the show's beginnings as a series of animated shorts nearly 30 years ago. >> so ted cruz will not be getting the job. >> he tried out though. did he a good jo job. >> he was pretty good. >> 30 years. >> i can't believe. that. >> can you believe that? >> no. >> has it been 30 years? >> it doesn't seem like it's been that long. >> the director of the new ghost busters movie coming up, continues to drop these little breadcrumbs about the ghost busters remake. first it was a photo of the new ghost busters uniforms. and then it is proton packs. >> what you are going shoot? and now we have the first glimpse of the film's version of iconic car ecto one. the film stars an all female squad scheduled to hit theaters next july. >> okay.

mr. sessions, byrnes and ms. slaughter. from the committee orphan science, space and technology for consideration of section 3136 of the house bill and section 1613 of the senate amendment and modifications committed to conference, messrs. lucas, knight, ms. eddie bernice johnson of texas. for from the committee on small business for consideration of sections 831 through 834, 832 through 846 871 of the house bill and sections 828 831, 882,883, and 885 of the senate amendment and modifications committed to conference. messrs. chabot hanna and ms. velasquez. from the committee on transportation and infrastructure for consideration of sections 302, 562, 569 578 591, 1068, 1073 2811 and 3501 of the house bill and sections 601, 642, 1613 3504 and 3505 of the senate amendment and modifications committed to conference, messrs. graves of louisiana, curbelo of florida and ms. edwards. from the committee on veterans affairs for consideration, 565 652, 701 721 722, 1105 and 1431 of the house bill and sections 539 605 633 719, 1083rks1084 1089, 1091 and 1411 of the senate amendment and modifications committed to conference. messrs. roe of tennessee, bilirakis, and brown of florida. the speaker pro tempore: the senate will be notified of