mr. renacci for five minutes. >> thank you, madam chairman. i want to welcome a fellow buckeye. no matter what we agree or disgrow, i'm sure saturday night we'll be agreeing on which teams should be winning. >> we certainly will. >> i've heard concerns about the examination policy under which one or more enforcement attorneys accompany cfpb exams. pointing out none of the federal banks agencies have ever done this, and having enforcement attorneys participate in exam has a chilling effect on examination process. i'm afraid that the cfpb practice is intimidating and does not foster the openness that should characterize a relationship between the cfpb and the institutions it examines. indeed this feeds the institutional fear that the cfpb's main purpose or object during an examine is to obtain documents that can be later used to launch an examination. are you concerned about this perception of the cfbp? >> it's something i've had discussions with a number of bank ceos about. i make it a point. i am frequently calling through the list of different institutions we're working with to

mr. renacci is recognized. >> i'm going back to internal controls because we may not know the specifics but would you agree, iacp eight. i never stand internal controls. you would admit that for this to occur there had to be a breakdown in the internal control. you would have to read that, correct, yes or no? >> yes or no? >> in any time you have lots of money coming you have a situation like this there has to be a breakdown in the internal controls, correct? >> i don't disagree that something obviously went wrong. estimate in the internal controls because the internal control is how you stop this from occurring, wouldn't you agree? schaenman i'm going to go back to a follow-up to some of the questions that were asked, but they identified the management override of internal controls as a risk to ms global in audit papers produced in 2011. are you aware of that? skycam specifically recall that. >> you are the cfo of the company, and i actually have the work papers here that shows that the identified come if you are the cfo of a company and you were not aware that there was significant concer

mr. renacci, for this amendment right now. i rise in support of the amendment and yield back the balance of my time the chair: the gentleman yields. the gentleman from tennessee. mr. fincher: i yield back the balance of my time. the chair: the gentleman yields back. all time having been yielded back, the question is on the amendment offered by the gentleman from tennessee. those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. the ayes have it. the amendment is agreed to. it is now in order to consider amendment number 2 printed in house report 112-409. for what purpose does the gentleman from north carolina seek recognition? >> mr. speaker, i rise today in support of my amendment to jump start our business startups act and would like to speak on the same. the chair: the clerk will designate the amendment. the clerk: amendment number 2 pinted in house report 112-409, offered by mr. mcintyre of north carolina. the chair: pursuant to house resolution 57 , the gentleman from north carolina, mr. m