mr. tiberi, ranking member tiberi talked about. that is in those times we have got to encourage local governments to put their own money. we have done that. this i believe on the vice president of the u.s. conference of mayors i am suggesting for my colleagues this is a template. we know that local bonds, local taxes are preferable to the electorate. they trust local coverage higher degree than the to the state or the federal government. and to the extent that we can encourage the locality to make these kind of investments, this kind of partnership with the federal government will only leverage the kind of resources that all of the speakers have spoken to that we need if we want to compete with china and compete with europe in terms of the kind of infrastructure investments we need to make. and so i would humbly ask you to consider all of these things as you address the issue of whether or not we need a national infrastructure bank and as has been mentioned other tools to make these kind of investment. thank you. >> if i could add

mr. tiberi, ranking member tiberi talked about. that is in those times we have got to encourage local governments to put their own money. we have done that. this i believe on the vice president of the u.s. conference of mayors i am suggesting for my colleagues this is a template. we know that local bonds, local taxes are preferable to the electorate. they trust local coverage higher degree than the to the state or the federal government. and to the extent that we can encourage the locality to make these kind of investments, this kind of partnership with the federal government will only leverage the kind of resources that all of the speakers have spoken to that we need if we want to compete with china and compete with europe in terms of the kind of infrastructure investments we need to make. and so i would humbly ask you to consider all of these things as you address the issue of whether or not we need a national infrastructure bank and as has beenmentioned other tools to make these kind of investment. thank you. >> if i could add q

mr. tiberi, ranking member tiberi talked about.that is in those times w have got to encourage local governmts to put their own money. we have done that. this i believe on the vice president of the u.s. conference of mayors i am suggesting for my colleagues this is a template. we know that local bonds, local tax are preferab to the electorate. they trust local coverage higher degree than the to the state or the federal government. and to the extent that we can encourage the locality to make these kind of investments, this kind of partnership with the federal governmet will only leverage the kind of resources that all of the speakers have spoken to that we need if we want to ompete with china and compete with europe in terms of the kind of infrastructure investmentwe need to make. and so i would humbly ask you to consider all of these things as you address the issue of whether or not we need a national infrastructure bank and as has been mentioned other tools to mak these kind of investment. thank you. >> if i could add quickly that

mr. tiberi? >> thank you, mr. chairman.doctor staley, under the delauro bill, the national infrastructure bank would be appropriate $25 billion borrowed 225 billion from the treasury and then lend out 625 billion. the bill goes on to state that the bank will be backed by the full faith and credit of the federal government. so two questions. related to that. the criteria in which the bank which use projects, you talk about a local autonomy, does the structure and the bill concern you, number one, of the way it chooses projects, and does the structure of the bank itself concern you? and does remind you at all about how congress, on how congress set up gses or fannie mae and freddie mac what do you think they're in a to that structured? >> well, actually both of those concerning. i think both organizational structure of the bank itself concerns me in looking at it, but also there are surely some corrections that need to be asked in terms of how the financing of the bank would move forward, because also, going back, focus on th

mr. tiberi for his openingning . statement. >> thank you, gerrans neal forcn convening gthe hearing to examie infrastructure banks. demandd foll aware thenk. for additional highways,sp spending continues to grow at s the same time the viability of the current highway trust fund financing structure is accordini to the congressional researchsis service, and i quote, in aote ia precarious position, end of quote. generoher generous description even without taking into account the very large ac spending increases in the current reauthorizationrrent r proposal.propos. last summer this subcommitteethe was the leadership of chairmana neal met to consider a long term financing options for the highway trust for fund. i found -- i found that hearing to be extremely interesting and informative.esting ain looking forward to the testimono of the witnesses of the twolsto panels today as we discussed another potential mass to fixix the nation's infrastructure needs. as we foresee i think it's important to keep in mind themin nationa

mr. tiberi and his co-sponsors in introducing this resolution and ask my colleagues to join me in votingin support of house resolution 1269. mr. speaker, i reserve the balance of my time. the speaker pro tempore: the gentlelady from ohio reserves the balance of his time. the gentleman from texas. mr. hall: mr. speaker, i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. hall: mr. speaker, i rise in strong support of h.res. 1269, commemorating the 400th anniversary of the first use of the telescope for astronomical observation by the italian scientist galileo galilei. to appear in the galileo's brilliant refinements of existing telescope design allowed human for the first time to discern earth's closest neighbors to a level of detail that was breathtaking. such as the valleys of the moon, fellow planets in our solar system and the moons of jupiter. most importantly, unlike his peers who trained their telescopes to look across earth's terrain, galileo instead aimed his telescopes to look out into the heavens. 400 years later, who could have

mr. tiberi of ohio. the speaker pro tempore: the chair lays before the house a communication. the clerk: to the congress of the united states. section 202d of the national emergencies act provides for the automatic termination of a national emergency unless, prior to the anniversary date of its declaration, the president publishes in the federal register and transmits to the congress the a notice stating that the emergency is to continue in effect beyond the anniversary date. in accordance with this provision, i have sent the enclosed notice to the federal register for publication, continuing the national emergency with respect to the stabilization of iraq. this notice states that the national emergency with respect to the stabilization of iraq declared in executive order 13303 of may 22, 2003, as modified in scope and relied upon for additional steps, taken in executive order 13315 of august 28, 2003, executive order 13350 of july, 2004, executive order 13364 of november 29, 2004, and executive order 13438 of april 14, 2008 is to continue beyond april 22 of 2010, the restorat