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May 26, 2016
05/16
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mr. macarthur, number 55. you have already had that passed out and you are recognized. >> thank you, mr. chairman. this amendment dresses i think an error in the bill that came from an overabundance of caution. the bill, as it stands, authorizes an oversight board with the same extraordinary powers for each of the nation's territories, except none of the others face the kind of crisis facing cour puerto rico. no territory, other than puerto rico, have asked us to get involved. the u.s. virgin islands have expressly asked not to get involved with this. i worked with representative plaskett. on this amendment. my concern is it could have the unintended consequence of eroding other territory's access to capital markets. if a control board can sadly be brought in at any time. i have the written opinion of not one, but three constitutional lawyers that this is unnecessary language, that we can focus this entirely on puerto rico and not the others. and what my amendment does is simply restores the bill to its purpose
mr. macarthur, number 55. you have already had that passed out and you are recognized. >> thank you, mr. chairman. this amendment dresses i think an error in the bill that came from an overabundance of caution. the bill, as it stands, authorizes an oversight board with the same extraordinary powers for each of the nation's territories, except none of the others face the kind of crisis facing cour puerto rico. no territory, other than puerto rico, have asked us to get involved. the u.s....
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May 27, 2016
05/16
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mr. macarthur? >> i thank you, mr. chairman. i oppose this amendment. i understand that gentlemen's intent of respecting the priority of bondholders, particularly the general obligation bond holders. every lawyer in this room would love to try a case where they can make their case, and the judge would rule before the to the other side. and that's not the fairway to adjudicate things. the representatives of the general obligation bond holders have done a terrific job of making their case very publicly. but the are over 20 classes of bondholders, and our questions, questions even about the constitutionally issued debt. was it all issued within the limits that the constitution prescribed? we cannot play judge and jury today. and decide and comply which group of bondholders stands at the front of the line. i fully support the idea that the general obligation bond holders should be respected as such, and i'm sure they will be by the control board. furthermore, the language of this bill which i think is b
mr. macarthur? >> i thank you, mr. chairman. i oppose this amendment. i understand that gentlemen's intent of respecting the priority of bondholders, particularly the general obligation bond holders. every lawyer in this room would love to try a case where they can make their case, and the judge would rule before the to the other side. and that's not the fairway to adjudicate things. the representatives of the general obligation bond holders have done a terrific job of making their case...
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41
May 28, 2016
05/16
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mr. macarthur. >> mr. chairman, just briefly, my next amendment i'm going to be asking that we remove the other territories from this bill. but as it stands now, wiping out this requirement that the legislature and the governor sign off on an oversight board, we would be in the position of imposing an oversight board on any territory for any reason, whether they were in fiscal difficulty or not. it's -- it seems to me it's a complete erosion of any kind of self-determination in the territories. puerto rico will sign this because they need the relief that they're getting in exchange for this. and therefore, i oppose this amendment. >> thank you. let me also yield myself that i oppose this amendment as well from the practicality of it. the opt-in would make this entire bill moot. and what i'd actually ask them to do is have the government of puerto rico pass a resolution of their own malfeasance, which is -- i don't think in the reality of it is something that we should actually impose on somebody to try and
mr. macarthur. >> mr. chairman, just briefly, my next amendment i'm going to be asking that we remove the other territories from this bill. but as it stands now, wiping out this requirement that the legislature and the governor sign off on an oversight board, we would be in the position of imposing an oversight board on any territory for any reason, whether they were in fiscal difficulty or not. it's -- it seems to me it's a complete erosion of any kind of self-determination in the...
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May 15, 2016
05/16
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mr. macarthur? >> the clerk will report the tally. >> mr. chairman, 20 aye votes, 41 no votes.he 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 committee will now receive postponet on -- will until the end of the subcommittee mark. the chair recognizes the joe manchin meant from south carolina, mr. wilson. mr. wilson: thank you, mr. chairman. thisleased to present report on the tree 17 national defense authorization act. i appreciate we are a subcommittee that oversees some of the most critical aspects of the department of defense including cyber command and major origins of the national security agency. andnse wise, science technology efforts such as the defense advanced research project or dark but and the military service labs. operations forces and programs that counter weapons of mass distraction from state and alike.e actors the subcommittee has been active in all of these major
mr. macarthur? >> the clerk will report the tally. >> mr. chairman, 20 aye votes, 41 no votes.he 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 committee will now receive postponet on -- will until the end of the subcommittee mark. the chair recognizes the joe manchin meant from south...
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83
May 27, 2016
05/16
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mr. macarthur? >> no. >> mr. mooney? >> mr. hearty? >> yes. >> mr. lahood? >> yes. >> is there anyone who hasn't voted or wants to change? clerk will report. mr. chairman, on this vote, the 16-23. >> amendment is not agreed to. but -- but, mr. fleming, i would like to still see if we can explore some way going forward on that one. 80, mr. fleming, next ones from here on in are yours so let's go with 80. should say i think we have three more to do. right? they're all mr. fleming's so let's go with number 80. >> okay. >> you're recognized. >> mr. chairman, thank you. azumi staff and i researched this bill and how we got here, it quickly became apparent that something was fishy. you see, puerto rico, like other territories and states, has a balanced budget requirement. yet, they've continued to grow their debt in at an astronomical rate that shouldn't be possible. the language constitution that congress approved requires that revenues match expenditures. in other words, their budget must balance each year. however, the spanish language translation of the consti
mr. macarthur? >> no. >> mr. mooney? >> mr. hearty? >> yes. >> mr. lahood? >> yes. >> is there anyone who hasn't voted or wants to change? clerk will report. mr. chairman, on this vote, the 16-23. >> amendment is not agreed to. but -- but, mr. fleming, i would like to still see if we can explore some way going forward on that one. 80, mr. fleming, next ones from here on in are yours so let's go with 80. should say i think we have three more to do....
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193
May 21, 2016
05/16
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it started just after 1 am near 73rd, macarthur park firefighters remained on the scene right now they are trying to put the blaze out. 7-8 businesses -- seven re: mrs. cal fire including metro pcs store. no injuries have been reported later this morning, fire investigators are going to start searching for a cause. >>> seven robbery suspects were arrested in the toddy overnight after police say based tracked them down using the victim's cell phone. police say the thieves broke into a home on adrian drive. they brandished a bb gun demanding valuables and a phone. police located the victim's phone using a mobile phone app tracy into an address near by in the area. they found several stolen items and arrested seven suspects between 18-20. >>> developing story, we have new surveillance video of a burglary suspect who ransacked the fremont apartment while being fumigated and died moments later. the family who lived in the apartment say based on the camera because they worried workers would steal from them. instead, they play back the video, they saw a burglar with a cell phone flashlight rummaging through their home. he spent 30 minutes inside but do not
it started just after 1 am near 73rd, macarthur park firefighters remained on the scene right now they are trying to put the blaze out. 7-8 businesses -- seven re: mrs. cal fire including metro pcs store. no injuries have been reported later this morning, fire investigators are going to start searching for a cause. >>> seven robbery suspects were arrested in the toddy overnight after police say based tracked them down using the victim's cell phone. police say the thieves broke into a...