the two, paulsen and lewis, are tough races. i think both of those are real, real races.f you want to belle weather to see whether -- belweather to see whether we control the house, if we win those races, we will be in the majority. if we win one of the incumbent races and one of the challenger races we're probably in the majority. if we lose both the incumbent races and win none of the challenger races, we are probably in the minority. and that's something that's in the central time zone so you don't have to wait too long to find out. it's great. if any of you are traveling and you have limited travel budgets -- somebody asked about that the other way -- go into minnesota. fly into minneapolis. you can get a real feel for what's going on the ground and, you know, paulsen and lewis have suburbs so i know a lot of people want to go to the suburbs. and the walz and the nolan seats are rural and lean more our way. if you have limited resources i'd go to min minnesota. that was off the top of my head. if we lose both incurveents it's going to be a long night for sure. if one

paulsen: mr. speaker, i move the house suspend the rules and pass h.r. 6662, the empowering seniors enrollment decisions act of 2018, as amended. the speaker pro tempore: the clerk will report the title of the bill. the clerk: h.r. 6662, a bill to amend title 18 of the social security act to extend the special election period under part c of the medicare program for certain deemed individuals enrolled in a reasonable cost reimbursement contract to certain nondeemed individuals enrolled in such contract. the speaker pro tempore: pursuant to the rule, the gentleman from minnesota, mr. paulsen, and the gentleman from michigan, mr. levin, will each control 20 minutes. the chair recognizes the gentleman from minnesota. mr. paulsen: mr. speaker, i ask unanimous consent that all members may have five legislative days to revise and tend their remarks and include extraneous materials on h.r. 6662, currently under consideration. and mr. speaker, i yield myself such time as i may consume. the speaker pro tem

i just thought it was critical -- we have alternatives secretary pall -- to secretary paulsen's. i had an alternative, cobbled together from a few other alteshtives. i know our current speaker, paul ryan, had -- again, i haven't looked at the details in years but i believe had a plan to set insurancerary pay-for a ram for certain nbs, little fuzzy on the details 0 years later. i assure you it would not be anything remotely resembling dodd-frank. also the ranking member of our committee at the time, spencer bachus, had put forward a program where central to the policeman would have been an enhanced bankruptcy regime for large, globally connected financial institutions. which i think as you well know is part of the financial choice act as well. so bankruptcy versus bailout. that would have been the key difference. and i think hopefully what we would have done is, with respect o federally insured depository institutions, insist upon high levels of capital and with respect to wherever we had a federal backstop, be it to mortgage insurance or m.b.s. hat we would insist upon traditiona

paulsen, for five minutes. r. paulsen: mr. speaker, thousands of unnecessary amputations are conducted each and every year as a treatment for those who have peripheral artery disease. they suffer from poor blood circulation which often results from amputation and higher mortality rates and other complications that comes with it and it doesn't have to be this way. minnesota is the epicenter for groundbreaking innovation and new treatment. a doctor is helping spread the word about revascularizations instead of amputations. the university of minnesota and the mayo clinic are also at the forefront of thess new procedures and i'm work -- of these new procedures and i'm working with donald payne to help improve access to care to different therapies so patients don't have to go unnecessary amputations and this means better health care outcomes as well as higher quality of life for thousands of americans coping with p.a.d. every year. . mr. speaker, i want to speak in favor of h.r. 6766, the american innovation act, which will spur in

. >> and even paulsen today said he couldn't believe how much it showed banks' lack of awareness of what was going on bernanke was asked specifically about lehman take a listen to that. >> making a loan against the collateral that was available would at best sustain the company for a few days, that it was not a viable business, that all we would do is end upbringing a lot of bad assets onto the balance sheet and maybe protect a few creditors, but it would not be sufficient to keep the company alive. and that was the critical element. and so, again, not a narrow legal judgment, it was a judgment about feasibility and that is something on which we have never wavered. >> this remains a pretty potent debate even today. there are those who believe if you had done more to save it, you might have undone a lot of the damage that came afterwards. >> i was in milan. i landed in milan on monday morning when lehman filed for bankruptcy while i was on the plane, it was clear lehman was filing for bankruptcy and this trip was a mistake. bernstein set up a conference call with 1100 institutional invest

if you look in minnesota three, erik paulsen -- recent polling, he's down double-digit in the minneapolis suburbs. i never thought that would have been the case six weeks out. johnson county outside kansas city, that is a place again where we have yielded candidates -- fielded candidates before, but it hasn't been competitive. we will see the data over the coming weeks. orange county, the first time since the great depression it went democratic. we are running four democratic races there. the most potentially challenging, katie porter is that and neck or ehad -- neck and neck or ahead when it comes to mimi walters. the key thing for me is the republican incumbents for the most part are in the mid-40's. the mushy middle is not a good place for these republican incumbents to be. is thing i think is key the focus this cycle has been the separators. the democratic candidates have been focused on kitchen table issues. that, i think, was a lesson from 2016. not since 2006 has the house caucus -- and the senate caucus -- from afar, the deal last summer was an economic compact that meets voters w

former fed chair ben bernankeot and t geithner and henry paulsen have written an op ed. all said that in some respects reforms have helped the market become more prepared for the next crisis, but the three also say that congress took away some critical tools used by regulators in times of crisis and they are urging lawmakers to bring them back. >>> this morning former federal reserve officer daniel cerulo says he thinks the financial system is muchafer today than it was. >> largest financial institutions, they're obviously substantially safer than they were 10, 12 years ago. capital levels are up. their funding is much more stable than it was. their risk management is immeasurably better than it was. those gains, though, of course are not locked in for eternity. it requires vigilance on the part of the regulators and supervisors. he oversaw regulation of the financial reserve until last year. soow have things changed? have they gotten better for investors since the financialea crisis ten yrs ago? what can you do now to protect yourself against a future crisis. chris zaca

eastern on c-span ben bernanke and former treasury secretary, tim geithner and paulsen talk about the 2008 economic crisis. >> c-span's "washington journal" live every day with news and policy issues that impath you. saturday morning, a

good at when erik paulsen comes along. tens of thousands people looking for you all the time and the not one of them find you. -- did erik wonder paulsen really -- where is the proof? some photo taken from miles away? i had to come up with a plan. aulsen takes money from big pharma and devotes to he wrote health care regulations. so the best place to find him that a big pharmaceutical company. and that is where i went. i was prepared to stay there for weeks. it took seven minutes. i was so shocked when i saw him walking by, i will stop the camera. but, i got him. proof. gfoot, erikm me, bi paulsen really exists. when it comes to the adser's caller for the overall, talk about the dark money. guest: thank you for that question. in of the things that we see so many of the ads that people are being bombarded with is that people are not necessarily aware of who patriot majority usa is or americans for prosperity. many of the groups on the top 15 list have names that are not household names and the new groups are forming all the

if you look in minnesota three, and that's where we've had races before, but erik paulsen, recent polling that's made public from the "new york times," he's down double digits in those minneapolis suburbs. i never thought that would have been the case six weeks out. kansas three, that's johnson county just outside kansas city, that's a place, again, where we have fielded candidates before, but hasn't been particularly competitive. i think that they're in terrific shape down there, and we'll see more about what the data says over the coming weeks. orange county, the first time since the great depression it went democratic. we are running four democratic races there. the one that i think is potentially the most challenging of those races, katie porter is neck-and-neck or ahead in some of the data that i've seen against mimi walters. we're look ago cross the map, whether new jersey, these people were running really competitive races, and the key thick for me is republican incouple dents -- incumbents for the most part are in the mid 40's. the mushy middle is not a good place for them to be h

paulsen: morgan stanley's liquidity had been bleeding away. john mack was on the phone with me, and i was in my hotel room and got on the plane and flew back to washington. he was saying, i don't know how long we can live. the sharks are going to be all around us. myselfew back and found standing up in the white house press room, and i felt like if i said, guess what, there is not a single power the united states of america has that will save a disintegrating investment bank if we do not have the authority to do it, i think morgan stanley would have gone down immediately. and that was my judgment. to put as good a face on it as i possibly could. >> good afternoon, everyone. i hope you all had an enjoyable weekend. yeah, yeah. as you know, we are working through a difficult period in nowfinancial markets right as we work off some of the past excesses. but the american people can remade confident in the soundness and resilience of our financial system. i commend the sec and the fed for their work over the weekend and meeting the current challeng

secretary paulsen later wrote, we had no choice but to fly by the seat of our pants making it up as we went along. i think that was a fair description. now imagine your secretary of treasury, you were in the fog of crisis but you can see you and your colleagues are standing on the edge of a cliff, you think that's likely, staring at the abyss of a possible debt deflation. i have total sympathy of these officers. don't you? in their place would you choose to risk of being one who did nothing in the crisis? of course not. you will intervene and keep intervening with whatever bailouts seem necessary. your only objective will be to survive the crisis and that's what you would do if you were in office and so as anybody else. i have to fully agree that the emergency actions used the last time ought to be available to the responsible officers. n 2008, they didn't bail out lehman. would you have bailed out them out? as has been pointed out, the panic this intense climb action was the result of more than of a decade of a long buildup of leverage and risk. you have to go back to the 1990's to un

let's talk markets joining us islevitz and jim paulsen.uarter big quarter. i didn't feel your bullishness for this last quarter. you haven't been as bullish as you have been in recent years. are we at a point now where it makes no sense it makes no sense to you, but should it not make sense to other players? >>. >> i think you want to be conservative you're right i certainly didn't think we'd have the quarter we just had it could continue, joe but i think the risk and the downside is starting to become more than the potential upside from here. and i would not necessarily exit, but i'd get more defensive on how i'm positioned. and moving more towards defensive sectors overall. >> if you're already out, should we be listening to you you can't get out when you're already out, can you >> we're still in. but we've certainly moved more defensively. i do think if this bull's going to continue, it needs another healthy correction first >> are you worried about rates, inflation, or both what's your problem? >> i think that's -- you just put on a gr

paulsen, for five minutes. mr. speaker, i want to speak in support of the miscellaneous tariff bill act. the tariff relief that's included in this bill will help lower input costs for american manufacturers that supports thousands of good-paying jobs and this cost savings can be used to invest in new facilities and equipment, expand new markets and hire more employees. it will also make the products that these manufacturers make more affordable for our that number is expected to triple, american, by 2050. alzheimer's costs americans more than $259 billion each year. this bipartisan legislation will help the federal government take a very comprehensive approach to the fight against alzheimer's. it establishes alzheimer's centers of excellence that will educate health care professionals and the public on alzheimer's and brain health. and by creating a modern efficient infrastructure for prevention and treatment. it will improve caregiving for patients and i yield back. the speaker pro tempore: the chair recognizes th

you think it would have been if the worst happened and the economy had closed up completely >> hank paulsenhat days in september we were three days away from atms not working. i think it was best described as red lines across the country for a generation just like the great depression >> did you feel that at the time >> oh, yeah. i think we felt -- you know, we had like the balance of terror. >> what did that feel like though in the moment >> well, you know, the crushing burden of responsibility i think the hardest thing was just trying to figure out what would work, what could we do what was the art of the possible within the constraints we had. >> was there a moment at which you thought, what's going to work >> i think there are two -- there are two of the scariest movements. the first was those weeks around lehman weekend before we had the tools we needed to break the panic and fix what was broken and prevent a great depression that period up and to -- up until when t.a.r.p. was passed and columbus day weekend, we were managing with tape and string we had very limited tools to contain wh

paulsen: i want to recognize the service of jim demann who will retire after the dedication of eden prairie and minnesota families. chief demann spent his entire career in law enforcement serving our community in eden prairie. in fact, his 31 years of service began back in 1983 as a police department intern. by 1987, he was a sworn often and he served for almost a decade as a k-9 officer. i've known jim for years and his leadership will surely be missed because he led by example and have seen a lot of growth in our community. but incoming chief greg weber now will surely be up to the task. on behalf of our entire eden prairie community, i want to thank chief demann for his service to the entire eden prairie and i wish him all the best in his retirement and i yield back. the speaker pro tempore: for what purpose does the gentlelady from the district of columbia seek recognition? ms. norton: request unanimous consent to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, the gentlelady is recognized for one minute. ms. norton: mr.

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in paulsen: 20 veterans and service members lose their life every day and veterans are 22% more likely to commit suicide than nonvets. among female veterans it's 250% higher. veterans are 10% of the population but constitute about 20% of suicides. measures like the clay hunt suicide prevention act which we passed into law are definitely making a difference but even one veteran suicide is too many. we should always reminds our veterans, mr. speaker, those in need, there are always ways to get help. veterans can always call the crisis hotline 24 hours a day, seven days a week and i yield back. the speaker pro tempore: for what purpose does the gentleman from colorado seek recognition? mr. polis: i ask permission to address the house for one minute and to rex my remarks. the speaker pro tempore: without objection. mr. polis: i rise in recognition of the 50th anniversary of front range community college in colorado which i'm proud to represent. the college first opened in 1968 with only 2,000 students enrolled in a few programs. today, they have campuses in ort collins, in westminster, lon

eastern on c-span ben bernanke and former treasury secretary, tim geithner and paulsen talk about the 2008 economic crisis. >> c-span's "washington journal" live every day with news and policy issues that impath you. saturday morning, a look at the local, state and federal disaster response director of the center of health and homeland security at the university of maryland and in our spotlight on magazine segment, adam harris reviews his article on the free college movement. and "washington post" health reporter will discuss the u.s. senate's bipartisan opioid legislation. watch "washington journal" live at 7:00 a.m. eastern. and bob woodward is joining us on monday at 7:00 a.m. and ken star will be with us to discuss his book "contempt". >> c-span "cities tour" explores the american story. this weekend, we take you to selected presidential homes to see how these chief executives lived before, during and after their time in office. our two-office begins at the home of our third president, thomas jefferson. >> if you had visited month cello 20 years ago, you would ave seen jefferson a

paulsen: i'm excited to support this legislation. it's bipartisan and the people that will be helped on the front lines and aid millions of american families that are affected by this epidemic and includes a bipartisan measure that will prevent opioid addiction among seniors by giving them alternative pain management and treatments and the proper safe disposal, helping more than 90,000 at-risk seniors. less addiction, fewer overdoses and safer minnesota communities. i thank the chairman for yielding time and i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from oregon. mr. walden: i recognize the gentleman from ohio, mr. renasty. mr. renacci: i rise in support of this legislation which includes the strengthening. the opioid epidemic has hit my home state of ohio with thousands of them diing of drug overdoses and h.h.s. to combat traud, waste and abuse and prevent the overprescribing of opioids to vulnerable seniors. i thank members of this conference committee for including my bi

of new jersey, representative tom reed of new york, representative renacci of ohio, representative paulsen of minnesota. then off the committee, i'm grateful for the leadership of representative mark walker, representative tom mcclintock, represent todd rokita, and representative rod blum. today, congress can deliver meaningful tariff relief to american manufacturers and take action that will help boost american productivity, american competitiveness, and american job creation. i urge my colleagues to join us in concurring with the senate amendments to h.r. 4318. madam speaker, i reserve the balance of my time. the speaker pro tempore: thank you. the gentleman reserves. i recognize the gentleman from new jersey. mr. pascrell: thank you, madam speaker. mr. chairman, how are you today? ope you had a good august. i yield myself such time as i may consume. madam speaker, for decades, the mitt lane yuss tariff bill -- miscellaneous tariff bill has had long standing and broad support, bipartisan support in both chambers of commerce. has been used as a means to bolster united states manufacturing

hank paulsen would say it had to be done.been done, what might have happened if not for it? >> i'm ultimately in the camp that it had to be done. perhaps there is a way to do it so went directly to homeowners. could there have been principle reduction, ways to loan individuals money directly? could have the bankers themselves, if we were going to give money to the banks, been fired, held accountable, gone to jail. those are the issues. the issue if you think of the banks as a utility, a water utility, they are not paid like a utility. everybody ultimately needs the water. and could you have gone out and handed homeowners that needed the water the water, if you will, or did you need to do it and flush it through the system. >> so, andrew, ten years ago at this time of year, bear stearns had already disappeared and lehman brothers was about to disappear. what are your thoughts on whether or not lehman could have been saved and how much of it was personal given the contentious relationship -- go ahead. >> it's a great question.

paulsen: mr. speaker, i urge my colleagues to act in re-authorizing and extend the violence against women act. enacted back in 1994, the act has provided invaluable support and resources to women impacted by domestic violence. it has funded hundreds of housands of dollars in grants. they provide counseling and therapy. the violence against women act is critical to prevent sexual assault and domestic violence to get victims the treatment they deserve. i have authored pass resolutions. it has been re-authorized with strong bipartisan support but expires at the end of this month and i urge my colleagues to call for its extension because victims of domestic violence are counting on it. i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentlewoman from texas seek recognition? >> permission to address the house for one minute and revise and extend. the speaker pro tempore: without objection. ms. jackson lee: over the last two years, membe