mr. upton: i call up the bill h.r. 6079, the repeal of obamacare act and ask for its immediate consideration. and i would ask for regular order. the speaker pro tempore: members, take your conversations off the floor. the house will be in order. the clerk will report the title of the bill. the clerk: h.r. 6079, a bill to repeal the patient protection and affordable care act and health care-related provisions in the health care and education reconciliation act of 2010. the speaker pro tempore: pursuant to house resolution 724, the bill is considered as read. the bill shall be debatable for five hours with 30 minutes equally divided and controlled by the majority leader and minority leader or their designees. 60 minutes equally divided and controlled by the chair and ranking minority member of the committee on education and the work force. 60 minutes equally divided and controlled by the chair and ranking minority member of the committee on energy and commerce. 60 minutes equally divided and cont

. >> the chair recognizes, the full committee chairman and the chairman from michigan, mr. upton. thank you, mr. chairman. the beauty of the free market is it harnesharnesses, if you're n using technology to offer new services or cheaper prices, you're not going to last very long. unlike the laws of congress, the laws of economics are exceedingly nimble. if new technologies or new competitors arise, the marketplace begins to adjust almost immediately. legislators and regulators by contrast operate at a glacial pace relative to the speed of technology. even the fcc's data on video competition is six years on a date, let alone the regulations. the laws of economics also encouraged diversity and companies that can't provide the same services and content at cheaper prices and strive to offer different services or content. that's what we call innovation. many regs by contrast drive everything to the lowest common denominator, if everyone is entitled to whatever content is popular at the moment, why would anyone risk, investing in something brand new. and if everyone is entitled to the f

mr. fred upton. >> thank you both, chairn. we all n osee invatis se aeieve the federal government would play a constructive role in encouraging them. when the program is not delivering on the goal of costing hundreds of millions of dollars, we owe it to the american people to pull the plug. thagr ton uee havreac ranethaswh co-authored the no more solyndras act. i want to thank mr. stearns, chairman of the subcommittee for is very hard work, determination and getting iturbnd inign t t niti n dd there were any problems whatsoever and read up until its bankruptcy last summer. solyndra advertised as a stimulus success story and some figedinsof whichhsben liths gite fheerovme fng basic research that was bankruptcy starting to pile up, our message to the american people has to be clear there wi no more solyndrasact. i yielthe balance of my tm. hyom.cma hn hsisaositive step today, the fact we have a draft bill on no more solyndras act. it is a good show. i seek mr. bass' bill is also a good bill. i was sliy diverged fro the partlidnc

sterns and mr. upton have put out an attempt to address legitimate concerns about preventing future solyndras from happening. it's not a perfect bill, and the reason we're having a legislative hearing is because mr. upton and mr. sterns want to go through the regular order. we can, we can debate the political issues ad infinitum, but at some point we should focus on solutions to protect the american taxpayer in the future. my first question, we have the deputy assistant secretary for energy efficiency, dr. hogan, but my understanding is you're not here to talk about the solyndra bill, you're here to comment on mr. bass' bill s that correct? >> that is correct. >> have you been authorized at all to comment on the solyndra, or you're just here for mr. bass' bill? >> i believe we have mr. frantz here to discuss the loan guarantee program as that's his area of expertise. >> well, i note mr. frantz has been discussing it, but you're a career civil servant, is that not correct? mr. frantz? >> yes. yes, sir. >>

in any event, i want to commend mr. upton and mr. stearns for their draft bill and also mr. bass for his bill look forward to a productive. today. >> ester texas i recognize. >> thank you, mr. chairman. ideal cell three minutes. >> recognized. >> since i joined this committee has learned a very simple lesson. good oversight results in good legislation and in contrast, biased and partisan oversight results are biased and partisan legislation. and the no more solyndras act, proves that lesson. let me be clear, the loss of taxpayer dollars in bankruptcy is a serious problem. we should have conducted a full and fair investigation so they could find out what happened to make sure it doesn't happen again. instead, the d.o.e. make cheap political point that electioneering set up a following for thieves. unfortunately, mr. chairman i have to respectfully disagree with your characterization that this committee has conducted a thorough investigation. despite our requests, there were no hearings to understand that u.s. policies are necessary to ensure that u.s. manufacturers can compet

mr. purcell, i am from west tennessee. a lot of farms. severe drought right now that we're facing. we have been farmers for seven generations. upton doubts many many times. i want to use a hypothetical -- ups and downs many, many times. i want to use a hypothetical three years ago, we had some bad times and i can remember my father going to the bank, our local community bank, and saying we have had a bad season. so i want to pay the interest on my notes. we had been doing business at the bank for ever. my father and the banker were able to work out a solution to go forward and and the pain the bank of in full. today, with what is happening with the drought situation in the country and all the farmers that will be short this year, do you still have the same authority and flexibility to sit down with the customer and work out a solution? or are we standing in the way? >> we have the ability to do it but i do not know that we could sustain it for very long with the regulatory climate that it is. everything needs to be lost -- loss free. interest is the price for taking the risk but we would attempt to do that. we would talk about the