mrs. biggert: madam speaker, i yield back the balance of my time. the speaker pro tempore: the gentlewoman yields back. the chair recognizes the gentleman from massachusetts. mr. lynch: thank you, madam speaker. i yield back the balance of my time. the speaker pro tempore: the gentleman from massachusetts yields back his time. the question is, will the house suspend the rules and agree to house concurrent resolution 160 as amended. so many as are in favor say aye. those opposed, no. in the opinion of the chair, 2/3 of those voting having responded in the affirmative, the rules are suspended, the concurrent resolution is agreed -- the chair recognizes the gentleman from massachusetts. mr. lynch: madam speaker, qui the call of the yeas and nays. the speaker pro tempore: the yeas and nays are requested. all those in favor of taking this vote by the yeas and nays will rise and remain standing until counted. a sufficient number having arisen, the yeas and nays are ordered. prayed -- pursuant to clause 8 of rule 20 and the chair's prior announcement, furth

mrs. biggert. the chair: the gentlewoman from illinois is recognized for 30 seconds. mrs. biggert: i thank the gentleman for yielding. madam speaker, i rise in strong support of this amendment. offered by my colleague from idaho, similar to one i offered in the financial services committee marksup. this amendment is a bipartisan commonsense alternative to pro -- provisions in the underlying bill. one of the lessons we learned in the process is bigger government does not work when it comes to protecting consumers and regulating financial institutions. i yield back. the chair: the gentlewoman yields. the gentleman from idaho is recognized. mr. minnick: i'd like to yield 30 seconds to the gentleman from washington, mr. reichert. the chair: the gentleman from washington is recognized for 30 seconds. mr. reichert: i thank the gentleman. madam chair, the choice is simple here. we can create a new massive government bureaucracy, empower yet another czar, to make our -- and oversee our entire financial system and cost taxpayers millions more in their hard earned money. or we can pa

mrs. biggert: we have no further speakers. i yield back the balance of my time. speaker pro tempore: the gentlewoman yields back. the chair recognizes the gentleman from massachusetts. mr. lynch: thank you, madam speaker. in closing i would just ask all members to join with senator voinovich, chairman towns, and ranking member issa in support of this resolution. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the question is, will the house suspend the rules and pass senate 303, as amended. so many as are in favor say aye. those opposed, no. in the opinion of the chair, 2/3 of those voting having responded in the affirmative, the rules are suspended, the bill is passed, and without objection the motion to reconsider is laid upon the table. for what purpose does the gentleman from massachusetts rise? mr. lynch: madam speaker, i move that the house suspend the rules and agree to house resolution 779, as amended. the speaker pro tempore: the clerk will report the title of the resolution. the clerk: hous

mrs. biggert. the speaker pro tempore: the gentlewoman is recognized for two minutes. mrs. iggert: i rise today in opposition to this rule and the underlying bill this massive financial overhaul would permanently entrench the federal government and taxpayers in the very position we have worked to avoid since the beginning of this economic crisis. we must crack down on illegal, unfair, and deceptive activity, eliminate regulatory depaps and strengthen the effectiveness of the enforcement agencies. we should create a culture of transparency and accountability on wall street that will discourage, not promote, risky behavior and never, ever allow taxpayers to be left holding the bag when those deem today big to fail can in the meet their obligations. instead this bill creates a vast new government agency, permanently codifies the practice of bailouts and doubles down on government intrusion in the financial sector. i have joined my colleagues in the financial services committee at every step of the way to offer ideas for smarter, stronger financial regulations and yet this propo

mrs. biggert. the speaker pro tempore: the gentlewoman is recognized. mrs. biggert: i rise in strong opposition to this restrictive rule. i filed several amendments to protect taxpayers and the economy from regulatory mismanagement. unfortunately, they were summarily rejected by the rules committee. on a bill of this magnitude and significance, i would hope the majority wouldn't be so eager to shut the door on bipartisan amendments or for that matter, any good ideas from any party that would improve the bill. thanks to the rule, madam speaker, amendments i offered to prevent a shift of u.s. business overseas are barred from consideration. my amendments would have preserved language in the underlying bill, as a result of amendments i offered in the financial services committee that unfortunately will be undone by the peterson-frank amendment. the result, according to system provided by one of my constituents, was the head of the large of the -- largest u.s. futures exchange will be a dramatic shift of transactions out of the u.s. exchanges and other to foreign

mrs. biggert. the chair: the gentlewoman from illinois is recognized for 30 seconds. mrs. biggert: i thank the gentleman for yielding. madam speaker, i rise in strong support of this amendment. offered by my colleague from idaho, similar to one i offered in the financial services committee marksup. this amendment is a bipartisan commonsense alternative to pro -- provisions in the underlying bill. one of the lessons we learned in the process is bigger government does not work when it comes to protecting consumers and regulating financial institutions. i yield back. the chair: the gentlewoman yields. the gentleman from idaho is recognized. mr. minnick: i'd like to yield 30 seconds to the gentleman from washington, mr. reichert. the chair: the gentleman from washington is recognized for 30 seconds. mr. reichert: i thank the gentleman. madam chair, the choice is simple here. we can create a new massive government bureaucracy, empower yet another czar, to make our -- and oversee our entire financial system and cost taxpayers millions more in their hard earned money. or we can pa

mrs. biggert: thank you, mr. chairman and thank you for giving me the time. i appreciate it. there's no question and no disagreement among members from both sides of the i'll that we need -- aisle that we need financial reform for the industry and for the economy. but this bill isn't the answer. you can find some good bipartisan provisions in this bill. mr. kanjorski and i worked out insurance language to bridge the gap and communication among regulators and address problems with businesses like a.i.g. mr. hinojosa bolstered housing counseling efforts and credit agency reform. unfortunately, the good does not outweigh the bad. small businesses are struggling to keep their doors open and record number of americans are jobless. a report issued yesterday, the number of homeless and hungry families is still on the rise. we need a bill to unfreeze the credit markets so financing is available to allow u.s. businesses to grow and create jobs. we need a bill to improve regulation. we need a bill to help americans get back to work so they can provide for their families and put food on

mrs. biggert: i thank you, madam speaker. according to the american physical society, science is the systematic gents prize of gathering knowledge about the universe and orsing and condensing that knowledge into testable laws and theories. the success and credibility of science are anchored in the willingness of scientists to, number one, expose their ideas and results to independent testing and replication by others. this requires the open exchange of data, procedures, and materials. two, abandon or modify previously accepted conclusions when confronted with more complete or reliable experimental or observational evidence. adheres to these principles provides a mechanism for self-correction that is the foundation of the credibility of science. madam speaker, the recent emails out of the university of east angola on the substantive climate change call into question the scientific integrity of several of the researchers involved in developing the climate sciences being used by decisionmakers around the world. allegations of fr

mrs. biggert: thank you, mr. chairman and thank you for giving me the time. i appreciate it. there's no question and no disagreement among members from both sides of the i'll that we need -- aisle that we need financial reform for the industry and for the economy. but this bill isn't the answer. you can find some good bipartisan provisions in this bill. mr. kanjorski and i worked out insurance language to bridge the gap and communication among regulators and address problems with businesses like a.i.g. mr. hinojosa bolstered housing counseling efforts and credit agency reform. unfortunately, the good does not outweigh the bad. small businesses are struggling to keep their doors open and record number of americans are jobless. a report issued yesterday, the number of homeless and hungry families is still on the rise. we need a bill to unfreeze the credit markets so financing is available to allow u.s. businesses to grow and create jobs. we need a bill to improve regulation. we need a bill to help americans get back to work so they can provide for their families and put food on