mr. scott: 15 seconds. mr. dent: this tax they manufacture custom orthodics, they ultimately force the employer out of business, and i quote, the medical device tax would simply destroy what's left of our company. after giving our all we would simply have to turn out the lights, lock the doors, and send 45 employees to the unemployment lines, and many of our soldiers returning from combat -- i'd like to submit this for the record. the speaker pro tempore: the gentleman from colorado. mr. polis: i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. polis: i'd like to request unanimous consent to enter into the record an executive summary report. the speaker pro tempore: without objection. mr. polis: the report is entitled medical device industry overstate tax impact put together by health care policy analysts. this study calls into question the assumption that several of my colleagues on the other side have indicated that the medical device tax results in a loss of

the gentleman from virginia mr. scott is recognized. >> thank you. thank you, mr. attorney general for being with us today. mr. holder, you've been criticized for not turning over information upon request to the, to one of the committees. did some of those requests involve information pertaining confidential informants and wiretaps under co, court order co and information related to ongoing investigations? >> yes that's true but we've turn over a significant amount of information. we have collected data from 240 custodyians. we've turned over pages on 46 separate productions. >> what's wrong with handing over information involving confidential informant, wiretap information under court co and information related to ongoing investigations? >> we are by law prohibited from discussing or turning over the contents of wiretap related material. there is a criminal provision that has a five year penalty that prevents us from doing that. there's also a very practical reason, there are concerns that one would have about people who are involved in these matters. you might pu

mr. speaker scott. >> good morning. my name is sharon and i'm vice chair of the district 11 council and a 4 year resident which is located in the heart of district 11. i do not come forward to test by earlier because my neighborhood has never seriously been in danger of being split into another district. but i wanted to take this last opportunity to speak, to publicly thank the task force for not just listening to the public, but to actually hearing all the folks who came to testify. and for your commitment to keeping neighborhoods whole. for you reuniting the other neighborhoods that were split 10 years ago. i also wanted to thank the consultants and kay for all their work in getting the draft maps and the boundaries up on the website so quickly. and lastly i would like to thank any fellow council members who came to testify so passionately but respectfully for their neighborhoods in district 11. so far we have only lost population in those areas we all agreed to sacrifice to keep district 11 whole. it is an honor to s

final question is going to be mr. scott, and then i think we ll dismiss the panel. mr. scott. >>hankou.ai. aticldhe weo lose their, their cell phone, their mobile phone, what should they do especially in many regarding how they protect their vitalfoatio whatuleyoif to on beyo yr cell phone, make sure you have a pass word on it. >> i'm sor, you said pass word? >> password protect your cell phone. ani also think it is very phan tca i they lose their phone. so to have that information somewhere other than on your phone would be a very good step in helping you mitigate looullneyo >> now, but o your side of things what steps would you as regulators take to make sure whomn, t know how and whennd d t do? i mean, it's good that they put their cell phone, their id and their password and all of that, but is there anything specifically they shou do? be should they just forget it? if, for example, iost my credit car i'moing ll stay oha t ought to be something or some procedure we could communicate to the consumer as to what u do particularly if that consumer -- they may not have the pass

mr. scott. >> thank you, mr. chairman.o join us in the nation's drug enforcement agency wand i want to thank director leonard for years of dedicated service and for appearing before us today. i'm also mindful that there are thousands of dedicated dea employees who enforce our drug laws and directives every day, many of whom put their lives on the line to do so. therefore, i consider it our responsibility, in supporting and directing their efforts to ensure that their effort hes are put to good use. dea is involved in drug enforcement activities all over the world however it is not clear all of these activities are as effective or important as others, in stopping or reducing discouraging drug abuse. in general, there are strategies to reduce drug abuse. research indicates demand reduction through prevention, education and treatment is much more effective than supply reduction through interdiction and law enforcement efforts. one study showed the cost of reducing cocaine consumption in the united states by 1%, reducing cocai

. >> the gentleman from virginia, mr. scott. >> thank you, mr. chairman. ms. leonhart, pew research center has estimated that any incarceration rate over 350 per 100,000 starts creating diminishing returns and over 5,000 becomes actually pournt productive. you're adding to the crime rather than detracting from it. that's at $500 for $100,000. ours is over $700 andship and in minority communities in some states it's as high as $4,000 for $100,000. what role does dea policy play in fb overincars race. and wrap is dea doing about it? >> thank you, ranking member. i can tell you that the joint enforcement administration, our submission really to go after the world's biggest and baddest drug traffickers. we spend our resources, our work hours, going after the largest drug traffickers. the sources that supply the heads of organizations and the heads of drug car des. the heads of trafficking organizations. krpgs organizations. those that most impact the drug it's supply on the united states. for instance -- >> has the dea -- any dea policy, contributed to over incarc

next witness is mr. scott ubaldon. >> good. my name is scott gabaldon. i am -- i would like to thank for the opportunity. our tribe was wrongly terminated and deserves it restored. our history, the napa valley was inhabited solely by the indians until 1823 with 10,000 years of ancest ancestry. the name, napa valley itself is derived from our language, meaning land of plenty. although the county of napa posts the wappo indians as part of the heritage, some only want us to be a memory. representative mike thompson, who has had colorado first congressional district since 1998. the inconvenient truth of opposition to what is an injust done to the wappo people is those who oppose us are rich. there are no vineyards working to oppose us. the minimum wage workers do not oppose us, nor any local tribes in the area. they will use the stronghold of power in napa county when our tribe is restored. to those who misled and to garner your support through perspection. we are not a new tribe. the lies they told by agency desperate to satisfy a political agenda in 1958 a

the gentlemen from virginia, mr. scott. >> thank you, mr. chairman. you indicated that they are sent overseas. you can pick up e-mails anywhere. how do you know that an e-mail has been sent overseas? >> thank you for the question. so this is actually one of the questions i think congress should try to get to the bottom of. it really is a concern that the act forecloses a government from targeting people known to be in the united states. in a lot of instances, you don't know where a person is and where the public is coming or going to. under this statute, the government has the authority to pick up those communications. that's one of the concerns about the act. >> you talked about non-visitized technology that allows you to get a lot of information. should there be a difference between getting the information and what you do with it after you get it and what searches the things? >> absolutely. that's exactly -- you have to divide this into two questions. there is a front end question of what the government should be permitted to pick up and there is a

. >> mr. scott. >> thank you, mr. chairman, welcome mr. dimon. good to have you. i want to start off by paying you and your operation down in georgia a tremendous compliment. georgia's number one in home foreclosures. we had a great home foreclosure event down there and i want you to say a good word for your folks down there in georgia. mr. david bahlau and todd williamson. your chase homeownership center. good job. we saved over 1,785 homes. many of them yours. so good work. let me just wait for a moment. i think it's very important for us to set the stage here. i think that we in the united states of america and probably the world economy dodged a bullet. and we dodged a bullet basically because of your size. because of your largeness. you were able to handle and absorb this loss. but there's much we can learn frit. i think if i get my hands around this correctly, one was not enough attention was paid early on in the game. is that correct? would you say that's one of the major reasons? >> yes. >> and your reporting was diluted in the aggregate which caused a pro

recognize for his opening statement the ranking member of the subcommittee, the gentleman from virginia, mr. scott. >> i want to thank you for holding this hearing on the fisa amendments act. the act established some parameters for the secret and in my view unconstitutional collection of intelligence information following the 9/11 attacks. however some gaping holes were left in what is required to protect the privacy of united states citizens. americans have the right to feel and be free in their persons from unwarranted government intrusion and i'm -- the fisa intelligence surveillance act was passed in 1978 to cure abuses that had been used in the intelligence situation foreign and domestic. it was not passed for the purpose of excluding all foreign intelligence collection in the united states. but to regulate and -collection of foreign intelligence requires merely that there's collection of foreign intelligence requires merely that there's probable cause to believe that an actor is an agent of a foreign government. foreign intelligence collection is only a significant purpose of the collection.

recognize for his opening statement the ranking member of the subcommittee, the gentleman from virginia, mr. scott. >> i want to thank you for holding this hearing on the fisa amendments act. the act established some parameters for the secret and in my view

mr. scott: mr. speaker, by the direction of the committee on rules, i call up house resolution 679 and ask for its immediate consideration. the speaker pro tempore: the clerk will report the resolution. the clerk: house calendar number 136, house resolution 679. resolved, that upon the adoption of this resolution it shall be in order to consider in the house the bill h.r. 436, to amend the internal revenue code of 1986 to repeal the excise tax on medical devices. all points of order against consideration of the bill are waived. in lieu of the amendment in the nature of a substitute recommended by the committee on ways and means now printed in the bill, an amendment in the nature of a substitute consisting of the text of rules committee print 112-23, shall be considered as adopted. the bill, as amended, shall be considered as read. all points of order against provisions in the bill, as amended, are waived. the previous question shall be considered as ordered on the bill, as amended, and on any furthe

thank you, mr. scott. the gentleman from california, mr. lungren is recognized. >> thank you very much. i follow-up from what my friend from virginia, mr. goodlatte had to say with respect to the stevens case. i realize you reassigned people after that. i realize it was an investigation and indictment that came before you were attorney general. that's not the point. the point is if you have no real consequences now, you'll have no real choices in the future. that was conduct stated by the judge to be outrageous. he held a hearing as to whether a new trial ought to be called before he made a ruling. you did come forward with the motion to dismiss, recognizing the problems. internally, the investigations showed widespread misconduct among the whole team. and, yet, i am unaware of anybody that was fired. and senator stevens lost his election, but more importantly, lost his reputation. and i happen to think that in the absence of serious action taken against employees of either the department of justice, prosecutorial court, or the fbi, that fr

the gentleman from virginia, mr. scott. >> thank you, mr. chairman. ms. leonhart, pew research center has estimated that any incarceration rate over 350 per 100,000 starts creating diminishing returns. over 500 per 100,000 becomes actually counterproductive. you are adding to the crime resident detracting from and. that's at five after 100,00 100f our incarceration rate in the trent it is over 700 some per 100,000. minority communities, in some states it's 4000 per 100,000. what role does dea policy play in over incarceration and racial disparity? and what is dea doing about it? >> thank you, ranking member. i can say that the administration, our mission is really go after the world's biggest and baddest drug traffickers. we spend our resources, our work hours, going after the largest drug traffickers. the sources that supply, the heads of organizations and the heads of drug cartel, the heads of traffic organization, those that most impact the drug supply on the united states. for instance, -- >> has the dea, any dea policy contribute to over incarceratio

. >> mr. scott. >> thank you, mr. chairman, welcome mr. dimon. good to have you. i want to start off by paying you and your operation down in georgia a tremendous compliment. georgia's number one in home foreclosures. we had a great home foreclosure event down there and i want you to say a good word for your folks down there in georgia. mr. david bahlau and todd williamson. your chase homeownership center. good job. we saved over 1,785 homes. many of them yours. so good work. let me just wait for a moment. i think it's very important for us to set the stage here. i think that we in the united states of america and probably the world economy dodged a bullet. and we dodged a bullet basically because of your size. because of your largeness. you were able to handle and absorb this loss. but there's much we can learn frit. i think if i get my hands around this correctly, one was not enough attention was paid early on in the game. is that correct? would you say that's one of the major reasons? >> yes. >> and your reporting was diluted in the aggregate which caused a pro

mr. scott has said the purpose of the purge is to remove noncitizens from florida voter rolls. scott's administration sent a purge list to county election supervisors, those local officials found it to be riddled with inaccurinaccuracies. the "miami herald" reported the list was produced with, quote, some outdated data and that it, quote, targeted hundreds of actual citizens who are lawful voters. late last month, the justice department warned the state to stop the purge. saying it would appear to violate both the voting rights act and the national voter registration act. at which point the county election officials charged by the rick scott administration with carrying out the purge told the state they weren't going to do it anymore. last week on this show, rachel spoke with the republican election supervisor from volusia county, florida, about her decision to halt the voter purge in her county. >> so it looked like the list was bogus, if you will, it was outdated. of the 15, 10 had never voted in volusia county ever. so i just quietly put the list aside. there's a federal law

mr. scott: thank you, mr. speaker. mr. nugent, thank you for the time. mr. speaker, it seems to me that my friends on the left need some clarification on why we are here this afternoon. this is not a good day for america. it is certainly still not a good day for the terry family. a members on left continue to talk about this as if it were a witch-hunt. a witch-hunt. we have a slain border patrol agent, and my friends on the left want to politicize this by talking about a witch-hunt. when in fact we all know that this, mr. speaker, is about justice. this is about justice. my friend on the left just said that we, republicans refuse to accept yes as an answer. mr. speaker, we want a yes for terry. we want a yes for josephine terry, the parents of brian terry. we want a yes for the american people. we want a yep as relates to the integrity of the process. and we want a yes for justice. and, mr. speaker, my friends on the left continue to consist tently say no. -- consistently say no. we are here, m

thank you, mr. scott. the chairman from california, mr. lungren is recognized. >> thank you very much, mr. chairman and mr. attorney general. i followed with what mr. goodlatte had to stay with respect to the stephen's case. i realize that you reassign people after that. i realize it was an investigation and indictment that came before you. that is not the point. the point is, if you have no real consequences now, you're going to have no real changes in the future. that was conduct that was stated by the judge to be outrageous. he held a hearing as to whether a new trial ought to be called before he made a ruling. you didn't come forward with a motion recognizing to dismiss, recognizing the investigations showed widespread misconduct among the whole team. and yet i am unaware of anybody that was fired. his election, more importantly, he lost his reputation. i happen to think that in the absence of serious action taken against employees, of either the department of justice prussic -- prosecutorial court, the message is not clear. i would li

. >> mr. scott for five. >> thank you. good to have you. >> we will take a quick break.e market has added on significantly to its advances, up 150 points on the dow jones industrial average and the yield on the 10-year is creeping up as the money flows out of the bond market into the stock market. oh, somebody out there's saying, now i get it! take beano before and there'll be no gas. to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! >>> back >>> back at the new york stock exchange. the stocks are higher, dollar is lower, energy is higher. ovary where you look, they're taking risk today as the financial reserve meets and the committee continues its hearing on jpmorgan chase. they're not being quite as easy this week on the house financial services committee as the banking committee. having said that, jamie dimon is doing pretty well answering these questions. reretu we return now. >> i think the a

mr. obama, scott, to a second term. >> pelley: norathanks. governor romney has a very different view and jan crawford was with him in cincinnati today. jan. >> reporter: well, scott, romney says the president has just run out of time and his ideas to fick the economy not only aren't working but in fact are making things worse. >> he's been president for three and a half years. and talk is cheap. action speaks very loud. if you want to see the results of his economic policies, look around ohio, look around the country, and you'll see that a lot of people are hurting, a lot of people have had some real tough times. >> reporter: romney has a fundamentally different approach for creating jobs, relying less on government spending and more on encouraging growth in the private sector. romney would open up energy production to cut costs for manufacturers and create energy jobs. eliminate the president's health care reform law, which romney says hurts small businesses. and cut spending to reduce the dose. >> this is our time. we can either continue on

mr. tom scott. ♪ ♪ >> hi, how are you? i'll bet you're hungry and nobody's hungry here.unch. he doesn't put lunch in there, you notice that? we're going to have to do something about that. >> i have to tell you, this is a great honor for me to stand before you, and i mean you, because i want to take just a moment of privilege and let me tell you something, i know what it takes to get this many people to come this far from all across america to spend time on a weekend to do something like this and i thank you for that. i thank you because it sends a message to our fellow citizens and to our leaders leaders in wn that the people of faith are not leaving the political process. amen. [ applause ] i am here today to introduce you to someone that i have tremendous respect for. he's from my home state of georgia. he represented the sixth district in georgia. his name is newt gingrich. i'm sure he doesn't need much of an introduction. a little bit about newt, he holds a ph.d in european history. he is without a doubt the leading authority on the civil war if you've read his book

mr. scott: my father, as you is a health care professional, an orthopedic surgeon who came out of med school when i was just a child. i spent a lot of time in a physician's office and a not-for-profit hospital watching my dad take care of patients and helping them. that doctor-patient relationship is something that's been stripped away in this bill. i want to talk about the numbers, not just the relationships right now. i think it's important to reflect on what happened 833 days ago when then-speaker nancy pelosi told the american public that congress must pass the bill so they could find out what was in it. now i have no doubt that the president in his endorsement of the bill, surely he read it and knew what was in it. the speaker of the house of representatives, it would have been irresponsible for her to endorse a bill without knowing what was in it. and they had to understand that it would negatively impact our economy and the gentleman who was just in the well talking about americans wanti

and that is where we end the sport from the nuts it for me for the day mr paul scott will be here injust under two hours with more weather next.

chairman from virginia, mr. scott is recognized. >> thank you, mr. chairman. i think the gentlemen for being with us today. you've been charged with not turning information over with request to other committees. at some of those requests involve information pertaining confidential informants and wiretaps under quarter, co, investigations? >> yes, that is true. we turned over a significant amount of information. we've collected data from custodian and processed millions electronic records. we've turned over 7800 pages on 46 separate productions. >> can you tell us what is wrong with handing over information on wiretap information on the court and information related to ongoing investigations? >> we are by law prohibited from discussing or turning over the content of wiretap related material. there is a criminal provision that has a five-year penalty that prevent us from doing that. there's also a very practical reason. there are concerns one would have about people involved in these matters. you might put the safety of face or you might put up with the success

thank you, mr. scott. the gentleman from california is recognized. >> thank you very much, mr. chairman. mr. attorney general, i will just follow up on what my friend from virginia, mr. goodlatte, had to say with respect to the case. i realize you reassign people after that. i realize it was an investigation and indictment came before you were attorney general. that's not the point. the point is if you have no real consequences now, you will have no real changes in the future. that was conduct that was stated by the judge to be outrageous. he hailed a hearing as to whether trial ought to be called before he made a ruling. you did come forward with a motion to dismiss, recognizing the problems internally. the investigations showed widespread misconduct among the whole team. and yet i am unaware of anybody that was fired. and senator stevens lost his election, but more important, lost his reputation. and i happen to think that in the absence of serious action taken against employees of either the department of justice prosecutorial core or the fbi, that frankly the message was no

mr. bobby scott and mike quigley, to come talk to you, sit down, and i want you to show me how you don't come to that conclusion and i'd like to show you why i think there's a preponderance of evidence that would lead one to believe that, yes, indeed, the department of justice did know about this. is that fair? could you make yourself available? >> chairman, parliamentary -- >> continue to inquire. >> mr. chairman, i know the attorney general's about to answer, but the -- is it appropriate -- is it appropriate for members to refer to sealed documents in this vijudiciary committee room and suggest the attorney general makes a personal visit to members on what is sealed and what should not be provided during a criminal investigation? >> i simply ask if, again, please mr. chairman, this should not count toward my time. i'm simply asking, there's a dispute here. this has gone on for a year and a half. most members on this side asked about fast and furious. we're trying to resolve this, get to the end of it. it's hard to do in five minutes. just asking for personal time to show now what we've

cummings: i yield to the gentleman from virginia, mr. scott, two minutes. the speaker pro tempore: the gentleman from virginia is recognized for two minutes. mr. scott: thank you, mr. speaker. the thank jalt the gentleman for yielding. the contempt citation pendsing against general holder is unfounded, unfair and unwise. all of this involves questions about gunwalking and we know that the attorney general has handed over thousands of documents in response to multiple subpoenas and so we know that the gunwalking policy began under the bush administration. we know that bush's -- president bush's attorney general, michael mckasey, was briefed on the policy. and it continued. we know that the attorney general holder, when he found out about it, he shut the program down and called for an investigation. if we want to know why the policy started, we should ask officials who served when it started during the bush administration. if we want to know what attorney general holder knew about fast and furious, we should call former acting director of the a.t.f., ken nels

that will be more friendly to business, more friendly for investments. >> reporter: in many ways, scott mrmaras has a limited mandate here. this was not a landslide victory and the clock is ticking for him now to form that coalition government to renegotiate that bailout deal and perhaps most importantly for people here on the ground to start to see an improvement to their situation. >> pelley: a lot of uncertainty yet. clarissa, thank you. egyptians also voted over the weekend for president. we won't get the official results until thursday but the islamic candidate mohammed morsi is claiming victory. it may not matter, though. the military announced that it will severely limit the powers of the president and the generals put themselves in charge of drafting a new constitution. the obesity epidemic is giving more kids dangerously high blood pressure. the latest challenge in the fight against the most destructive wildfire colorado has ever seen.$dg and a safety investigation involving america's most popular car when the "cbs evening news" continues. for many, nexium helps relieve heartburn

. >> kind of question is mr. scott and then we will the panel appeared with about 10 minutes westerville. >> thank you, mr. chairman. i may just ask you this. let's suppose what advice would you give the american people if one of them were to use their cell phone, their mobile phone, but should they do, especially regarding how they protect their vital information? what should they do if they left their cell phone? >> i would say two things. before you use your cell phone, make sure you have a password on it. >> i'm sick of me said password? spinet password-protected cell phone. i also think it's important for consumers to understand what is on their phones and who to call if they lose their phone. so to have that information somewhere other than on your phone would be a very good step in helping you mitigate the problems that could occur if you lose your cell phone. >> on your side of things, what steps would you is regulators take to make sure consumers know how and when and where to complain, to call? what do you do

i now yield to the gentleman from virginia, mr. scott. >> thank you, mr. chairman, i am pleased to convene in this oversight hearing with the drug enforcement agency and i think director leonhart port dedicated service and appearing before us today. we are also mindful that there are thousands of dedicated dea employees that enforce drug laws everyday, many of whom put their lives on the line to do so. therefore, i consider it our responsibility in supporting directing their efforts to ensure their dedication are put to the most effective as was productive use. the dea is involved in drug enforcement activities all of the over the world, however, it is not clear at all of these activities are as effective or important as others, in stopping or reducing the discouragement of drug use. in general, there are strategies to reduce drug abuse. research indicates demand reduction to prevention, education, and improvement is much more effective than interdiction and law enforcement efforts. one study showed that the cost of reducing cocaine consumption in the unit

the gentleman from virginia, mr. scott. if you research centers have indicated in the incarceration rate over 350 per 100,000 starts creating diminishing returns in over 500 per 100,000 becomes actually counterproductive you are adding to the crimes rather than. that is at 500 per 100,000 incarceration and the united states of 707 per some. they have some 4,000 per 100,000. what role does the dea policy played in over incarceration and the racial disparity and what are they doing about it? >> thank you, ranking member. i can tell you that the majority of the administration, our mission is in the world's biggest and baddest drug traffickers. we spend our resources and work hours going after the largest and drug-traffickers. the sources of supply, the heads of organizations and the heads of drug cartels, transportation organizations, those that most impact the drug supply on the united states, for instance -- >> has any dea policy contributed to over incarceration and the racial disparity? >> there are federal drug laws that

the gentleman from virginia, mr. scott. >> thank you. thank you, mr. chairman. ms. leeonhart, pew research center has estimated that any incarceration rate over 350 per 100,000 starts creating diminishing returns, and over 500 per 100,000 becomes actually counterproductive. you are adding to the crime rather than detracting from it. that's a 500 per 100,000. our incarceration rate in the united states is over 700 some per 100,000. and in minority communities in some states it's as high as 4,000 per 100,000. what role does d.e.a. policy play in overincarceration and the racial disparate? and what is d.e.a. doing about it? >> thank you, ranking member. i can tell you that the drug enforcement administration, our mission is really go after the world's biggest and baddest drug traffickers. we spend our resources, our work hours going after the largest drug traffickers. the sources that supply the heads of organizations and the heads of drug cartels, the heads of traffic organizations, transportation organizations, those that most impact the drugs lie on the united state

. >> thank you, mr. scott. at that, opening statements are completed and i would like to turn to the panel. our first presenter is mr. james h. rees, director of financial crime enforcement network at the department of treasury. welcome. i welcome your statement. >> thank you and good morning. chairman woman capito -- for some reason that microphone -- thank you. >> i am jim freis, direct growth than some staffers to establish a meaningful regulatory framework for mobile payment to another american payment that is. my testimony today will focus on some of the most important regulatory analytical work being done to prevent criminal abuse of the financial system as technological advances create innovative ways to move money. at the outset i would like to make a distinction between mobile banking and mobile payments. mobile banking involves communication and direction from an account holder about their account at a depository institution. mobile payments essentially involves the directions of funds outside of a ban

mr. scott: mr.aker, i ask unanimous consent that all members may have five legislative days to revise and extend their remarks and include tabular and extraneous material on h.r. 5882. the speaker pro tempore: without objection. pursuant to house resolution 679 and rule 18, the chair declares the house in the house in the committee of the whole house on the state of the union for the consideration of h.r. 5882. the chair appoints the gentleman from new hampshire, mr. bass, to preside over the committee of the whole. . the chair: the house is the in committee of the whole house on the constitution for consideration of h.r. 5882 which the clerk will report by title. the clerk: a bill making appropriations for the legislative branch for the fiscal year ending september 30, 2013, and for other purposes. the chair: pursuant to the rule, the bill is considered as read the first time. the gentleman from florida, mr. crenshaw, and the gentleman from california, mr. honda, each will control 30 minutes. the c

. >> mr. scott. welcome, mr. dimon. good to have you. i want to start off by paying you and your operation in georgia a compliment. georgia is number one and home foreclosures. we had a great home foreclosure event down there and i want you to say a good work for your folks down there in georgia. mr. david baylow and todd williams and vanessa williams -- vanessa mims. your chase home ownership center, good job. good work. but a wait for a moment because i think it is very important for us to set the stage here. i think we in the united states of america and the world economy dodge the bullet. we dodged a bullet basically because of your size, because of your largeness. you were able to handle and absorb this loss. but there is much we can learn from it. and i think if i get my hands around this correctly one was not enough attention was paid early on inthe game. is that correct? would you say that was one of the major reasons? >> in hindsight, yes. >> your report and was diluted in the aggregate which caused a problem as well. the fundam