mr. perlmutter: mr. chairman, i have an amendment at the desk, made in order by the rules. amendment number 5. the chair: the clerk will designate the amendment. the clerk: amendment number 5, printed in part c of house report number 11-506, offered by mr. perlmutter of colorado. the chair: pursuant to house resolution 1436, the gentleman from colorado, mr. perlmutter, and a member opposed each will control five minutes. the chair recognizes the gentleman from colorado. mr. perlmutter: mr. chairman, i yield myself such time as i may consume. the chair: the gentleman is recognized. mr. perlmutter: mr. chair, the amendment i offer with my colleagues today would increase the availability of capital for small businesses. it temporarily allows banks to amortize real estate losses over six years. in addition, smaller community banks would be incentivized to increase small business lending through an extended am more at thisization period of up to 10 years. the impact of this amendment deals with regional and s

mr. perlmutter: mr. speaker, house resolution 1448 is a structured rule providing further consideration of h.r. 5297, the small business lending fund act. it provides for consideration of two amendments which were initially cleared as pay-go compliant but were subsequently deemed to violate the pay-go after the first rule was adapted. -- adopted. these amendments have been revised to comply with pay-go rule and this rule treats them as a part of yesterday's rule. mr. speaker, in 2008 after years of lax regulation and wall street roulette, our nation's economy fell off a cliff. within a matter of months many wall street giants fell and they took the livelihoods of thousands of small businesses with them. since that time we've taken bold action to stabilize the economy, invest in economic growth and we are in the process of putting in place new rules to protect against the casino-like atmosphere that existed on wall street. but for small businesses they're still feeling the pinch. accessing capital to buil

mr. perlmutter: thank you. for purposes of debate only, i yield the customary 30 minutes to the gentleman, mr. sessions from texas. all time yielded during consideration of the rule is for debate only. and i yield myself such time as i may consume. the speaker pro tempore: the gentleman from colorado. mr. perlmutter: thank you. i also ask unanimous consent that all members may have five legislative days to revise and extend their remarks on house resolution 1424. the speaker pro tempore: without objection, so ordered. the gentleman from colorado. mr. perlmutter: thank you. the rule provides for consideration of house bill 5072, the f.h.a. reform act of 2010. it is a structured rule which makes in order 13 amendments. the rule waives all points of order against the bill except those arising under clause 9 and 10 of rule 21. it further considers the amendment in the nature of a substitute from the financial services committee be considered as read. and, finally, the rule provides authority to the speaker to entert

mr. perlmutter: thank you, madam speaker. for purposes of debate only, i yield the customary 30 minutes to my friend from texas, mr. sessions, and i yield myself such time as i may consume. the speaker pro tempore: the gentleman from colorado is recognized. mr. perlmutter: i also ask unanimous consent that all members be given five legislative days in which to revise and extend their remarks on house resolution 1490. the speaker pro tempore: without objection. so ordered. mr. perlmutter: madam speaker, house resolution 1409 provides for consideration -- 1490 provides for consideration of the conference report to h.r. 4173, the dodd-frank wall street reform and consumer protection act. this rule provides for two hours of debate on the conference report. it waives all points of order and further the rule provides for one motion to recommit with or without instructions. madam speaker, today we will take a historic vote on the most significant reform to our financial industry since the new deal. these comprehensive reforms will re

mr. perlmutter: thank you, mr. speaker. listening to my friend from pennsylvania i'd remind him as well as others that the last month of george bush this country lost 780,000 jobs in one month. ok. 14 months later, 15 months later we gained some 400,000 jobs in this country, but in the process down here in the recession after the bush administration we lost eight million jobs. we have a long way to go to put those people back to work, but for democrats that's job number one, to continue to add jobs and put people back to work. when president bush left it was a $1.3 trillion deficit. we know that we have to rein in spending and we can begin by with iraq, by drawing down those troops and saving this country some real money, but first job is to put people back to work and that's what democrats are going to do. with that i'd yield back. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentleman from south carolina rise? mr. wilson: mr. speaker, i ask permission to address the

mr. perlmutter: and i yield back to my friend from ohio. thank you. the speaker pro tempore: the gentlewoman from ohio may resume. ms. kaptur: i'd like to next turn to the issue of mortgages and the foreclosure rates around this country which are rising in areas such as i represent. will this bill that's coming out of the financial services committee in granting all these powers across our financial system going to do anything to help the american people who are being foreclosured in their homes? you know what the answer is? no. this year we will lose another 2.4 million families, none of these so-called modification programs are really working, and yet we have a major bill coming to the floor that doesn't address that issue when the very institutions being granted power are the ones that did this to us in the first place. so we should be able to exact from them some type of resolution for the american people who are paying their salaries, literally, by the taxpayer bailout, and yet we're not dealing with the mortgage foreclosure issue. and why aren't