mr. sherman: mr. speaker, i move the house suspend the rules and pass h.r. 4616, the adjustable interest rate act of 2021, as amended. the speaker pro tempore: the clerk will report the title of the bill. the clerk: h.r. 4616, a bill to deem certain references to libor as referring to a replacement benchmark rate upon the occurrence of certain events affecting libor and for other purposes. the speaker pro tempore: pursuant to the rule, the gentleman from california, mr. sherman, and the gentleman from michigan, mr. huizenga, each will control 20 minutes. the chair now recognizes the gentleman from california, mr. sherman. mr. sherman: mr. speaker, i ask unanimous consent that all members may have five legislative days to revise and extend their remarks on this legislation and insert extraneous materials thereon. the speaker pro tempore: without objection. mr. sherman: and mr. speaker, i ask unanimous consent to enter into the record an exchange of letters between the committee on financial services an

mr. sherman status studies the sensitive data they hold on u.s. individuals. following mr. man, we have yell law schools china center and cyber policy fellow at the think tank new america. an expert on cross-border dataflow studies have a chinese government, how they collect and use data. finally, we have ms. stacy gray. senior counsel at the future of privacy from, a data broker expert in her research centers on the intersection of emerging technologies and federal regulation and enforcement. increasing consolidation throughout the american economy undoubtably interprets to the higher prices worsening working conditions and privacy concerns. the pandemic has not only exacerbated these issues but has also exposed them more plainly. we can fix this together and we can make our economy work for all americans. i want you today, looking forward to hearing your testimony. ms. brown, we are going to start with you, you are recognized for five minutes. tell us what you want to know. >> okay. good morning, everyone. thank you for inviting me to share my experience with you today. cu

mr. sherman studies data brokers and a sensitive data they hold in us individuals.nd then also at the think tank america. an expert on the cross-border data flows. to collect and use as data and finally ms. gray is senior counsel at the future privacy forum with the data broker expert and her research centers on the intersection of emerging technologies with those increasing consolidations undoubtedly contribute to the higher prices worsening conditions and privacy concerns. but also to expose them more plainly we can fix this together and make the economy work for all americans thank you for being with us today i'm looking forward to hearing your testimony. you are recognized for five minutes tell us y what you want us to know. >> good morning everyone thank you for inviting me to share was senator warren and members of the committee i live in newark new jersey i am working at the fulfillment center and had been for foreign a half years before looking at amazon and with that commitment but that commitment weak take seriously now. i and here today one out of every 1

mr. sherman: as the member designated by john garamendi of florida, i inform the house that mr. garamendi will vote yes on the ocasio-cortez amendment. the speaker pro tempore: for what purpose does the gentlewoman from connecticut seek recognition? mrs. hayes: mr. speaker, as the member designated by ms. wilson, i inform the house that ms. wilson will vote yes on the ocasio-cortez amendment. as the member designated by mr. courtney, i inform the house that mr. courtney will vote yes on the ocasio-cortez amendment. the speaker pro tempore: for what purpose does the gentleman from pennsylvania seek recognition? mr. evans: mr. speaker, as the member designated by mr. lawson, i inform the house that mr. lawson will vote yes on the ocasio-cortez 5314. mr. speaker, mr. mfume votes yes on the ocasio-cortez amendment. thank you. the speaker pro tempore: on this vote, the yeas are 196. the nays are 233. the amendment is not adopted. all time for debate has expired. pursuant to house resolution 838, the previous question is ordered on the bill as amended. the question is on engrossment a

mr. sherman, to suspend the rules and pass h.r. 4616, as amended, on which the yeas and nays are ordered. the clerk will report the title. the clerk: h.r. 4616, a bill to deem certain references to libor as referring to a replacement benchmark rate upon the occurrence of certain events affecting libor, and for other purposes. the speaker pro tempore: the question is will the house suspend the rules and pass the bill, as amended. members will record their votes by electronic device. and this will be a five-minute vote. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the speaker pro tempore: for what purpose does the gentleman from maryland rise? mr. brown: madam speaker, as the member designated by mr. defazio of oregon, i inform the house that mr. defazio will vote yes on h.r. 4616. the speaker pro tempore: for what purpose does the gentlema

mr. sherman: as the member designated by mr. garamendi of california, i inform the house that mr. garamendi will vote yes on h.res. 848. the speaker pro tempore: for what purpose does the gentleman from texas rise? mr. arrington: mr. speaker, as the member designated by ms. granger from the great state of texas, i inform the house that ms. granger will be nay on the rule. thank you. i yield back. the speaker pro tempore: for what purpose does the gentlelady from florida seek recognition? ms. wasserman schultz: mr. speaker, as the member designated by mrs. maloney of new york, i inform the house that mrs. maloney will vote yea on h.r. 848. the speaker pro tempore: for what purpose does the gentleman from pennsylvania rise? mr. reschenthaler: thank you, mr. speaker. as the member designated by mr. diaz-balart of florida, i inform the house that mr. diaz-balart will vote no on the rule. as the member designated by dr. van drew of new jersey, i inform the house that dr. van drew will also vote no on the rule. further, as the member designated by ms. stefanik of new york, i inform the

mr. sherman from california who has been on the floor working on his beloved bill libor, and i understand it's been put up for a vote and we're looking forward to voting for this bipartisan legislation. so, this gentleman from california who is also the chair of the subcommittee on investor protection, entrepreneurship and capital markets, is now recognized for five minutes. >> crypto is many different things. cryptocurrency is an incredibly volatile investment that aspires to be pa currency that might displace or at least compete with the dollar. a stable coin aspires to be incredibly stable and is tied to the dollar. what they share is a culture, a vibe, a stick it to the man moniker, a belief that somehow this is new and hip and an attack on the powers of society, but fact is that the advocates of crypto represent the powers in our society. the powers in our society on wall street and in washington have spent millions and trying to make billions and trillions, and ceo's and musk and zuck burg and everyone here is a crypto advocate and we'll hear from the critics. we won't hear from ceo

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