peterson: yes, i agree. the institutions to be considered for the exemption shall include those with $10 billion or less in assets. it's not a firm standard. some firms could qualify while some with smaller assets may not. the regulators will have maximum flexibility when looking at the risk portfolio for these institutions for consideration of an exemption. mr. holden: i yield back the balance of my time. the speaker pro tempore: the gentleman from oklahoma. mr. lucas: mr. chairman, i now yield to the gentleman from texas who is a very significant participant in both financial services committee and the agriculture committee, mr. neugebauer, two minutes. the speaker pro tempore: the gentleman is recognized for two minutes. mr. neugebauer: mr. chairman, i rise in strong opposition to this conference report. financial regulatory reform is needed, but this 2,300-page bill is the wrong slugs for the taxpayers and it won't help bills -- capital markets needed to fuel growth and do jobs for our country. if you li

>> well, chairman peterson is doing an interesting thing. he's going around the country with the house agricultural committee and conducting a series of hearings. and the basis of those hearings is to determine whether or not there's a way in which the safety net process or procedures within if farm bill can be crafted in such a way that we get away from pitting commodities against livestock or livestock against commodities or specific commodities against each other. i think we need to get away from that. the reality is that we're seeing a shrinking number of people who call themts farmers in this country. 2.2 million, less than 1% of the country's population. it was just a few years ago that 15% of the population were farming. and we were only one or two generations removed from someone who was on the farm. today many people living in cities are many, many generations away from farm families. so it's important for agriculture to speak with a single voice, it's important for us to reconnect with consumers so they understand precisely br thei

i met chris peterson, a geologist with after loan rare metals company. he's out here looking for very valuable minerals he believes are under this lake. >> those gray specks are rare earth minerals. i mean they're very non-december crypt not sparkling and shining like gold or anything. they're just as important. >> reporter: rare earths are the elements at the bottom row of that periodic table studied in high schools around the world. 17 in all. peterson took me out to avalon's drilling station where machines are running day and night, pulling samples from a thousand feet down hoping to find proof of a large rare-earth deposit. these are gray right here. all of these. >> just start to go see some of the ore minerals in this. >> reporter: avalon executive david swisher likes what he sees. >> what we're finding is that this ore-body is expanding exponentially. it's just getting bigger and bigger. we don't know where it ends. that's the exciting part of it. >> reporter: exciting because while rare earths might be a little known. they're becoming more crucia

our guest will be from the peterson institute. meantime, some news from c-span radio. >> it is 8:35. in the headlines two more american troops were killed in afghanistan today. pushing the losses in that country to 23 in over a week. the latest deaths as insurgents step up their bombings and other attacks head of a major nato operation in the taliban stronghold of kandahar. president obama is turning his attention back to healthcare as he holds a town hall meeting at a senior citizens center in wheaton, maryland. seniors will be able to listen by phone and ask questions at dozens of gatherings around the country and you can hear and watch live coverage starting around 11:40. kenya's president is asking the u.s. to lead a greater effort to stabilize neighboring somalia, a country without an effective government for 19 years. kenya's leader speaking today with vice president joe biden who is in the east african nation the birthplace of president obama's father to press for political reforms in the country and discuss the situations

agriculture chairman peterson, agriculture chairman peterson, that's one of the reasons he started his hearing so early, is to find out what the priorities are and to also try to get a sense of what it is that people can live without. so it's going to be tight and it's going to be tough. and it is going to have a brood range effect on people. >> if i could add two points in reference to that. the secretary repately referred to they're listening to and working with the chairman. while the chairman of the agriculture committees are typically captured the industry, mr. peterson from minnesota is a very effective chairman. his interests are much more aligned with the farmers than with the white house policy. the chairman of the senate agriculture committee from arkansas is running for reelection in a tough year for her, and there's a possibility that she will not be back to chair the committee in time for the scompleegs of the 2012 farm bill. so the players are still in flux by keeping in mind that the secretary of agriculture may not be in fact will not be the ppime leader in the rewritin

peterson votes aye proxy, mr. boswell votes and aye proxy, mr. rush votes aye by proxy, mr. conyers boats aye by proxy, mr. townes votes aye by proxy. mr. velazquez votes aye by proxy. >> the clerk will go to the republicans. >> mr. back as the votes no, mr. royce boats no, mrs. capito boats no, mr. hensheling votes no. mr. barton votes no by proxy, mr. smith the its no proxy. mr. issa boats and no by proxy. >> madame clerk, i have a proxy for mr. schumer and evokes aye by proxy -- and he votes aye by proxy. there are 20 ayes and 11 nays. >> the house send you its approval of a financial reform bill. >> thank you very much, chairman frank and let me thank you on a traffic job. house members will vote on the senate side and all those in favor said aye debate ayes appear to have it. [laughter] i will ask the clerk to call the roll them mr. chairman, aye, mr. johnson aye, mr. reid, aye, mr. schumer aye by proxy. . licoln aye, mr leahy aye, mr. ahrkin aye by proxy, proxycorker no, mr. greg no. the votes are seven ayes, 5 nays, the bill is passed. >> i thank my colleagues immense

. >> i am actually laura peterson from taxpayers for common sense. we are a budget watchdog based in the sea. i would le . . you foroming here today. even though there are four of a speaking, there are many people involved with this report. the all contributed a measurable amounts of their knowledge and time expertise. if they would all stand and identified themselves-- [iudible] many of you may be struck with this as vu. deju seems likthis appears every few years with ttle success. what is different about this moment in history and why is the report that we areeleasing so necessary? essentially, we are looking down the barrel of record deficits that threaten our economic stability. economic insecurity fosters national insecurity in numerous ways from increasing our vulnerability to external crises to owing spending for r highestefense priorities. the recely released strategy correctlof firms that our prosperity sers as the wellspring of our power. it also cautions that maintaining that power will maintain discipline in setting priorities and making

to help decipher what's happening and what's at stake we're joined by fred bergsten, the head of petersoninstitute of international economics. well, the white house didn't release this in some obscure communique. a spokesman said it to the corps on air force one, getting an immediate response from the vice premiere in charge of organization for the g-20. >> president obama sent a letter yesterday to all the heads of the g-20 countries indicating a number of changes in economic policies, including in the chinese currency. the problem is that the g-20 strategy agreed over the last two years in response to the global crisis includes a big element of so-called rebalancing the world economy. the u.s. runs huge trade deficits. china runs huge trade surpluses. that transfers jocks from the united states to china. it hurts our economic recovery. and it also means that china has to put a lot of money into the u.s. to finance the imbalance. that big in-flow of capital kept our monetary conditions easy, our interest rates down. that was a big factor leading to the over-borrowing and over-lending tha

he is also senior fellow peterson institute for international economics and co- author of "13 bankers,," an assessment of the recent financial crisis. and sophie pierson is a freelance reporter for french public television and other media outlets. born and raised in france, she holds french and american citizenship. >> the fears spread to spain, which is somewhat in a different category. now they're looking at countries like france that previously were thought of as safe havens that are under a great deal of pressure from the bond markets. >> brown: so this is the market... this is investors demanding that governments make these... take these steps? >> it's investors demanding that they be reassured that the governments can get their debt on to a sustainable path. this is a question all around the world. that is question even in the united states and it's not an unreasonable question. the problem is the europeans have been in denial for too long and it's a big shock to policymakers and electorate and a lot of people, including france, know they have to deal with it now. >> brown: befo

. >> at the peterson institute yesterday they talked about the russian occupation of georgia. have we made progress on that central objective? we have a goal and a strategy we are pursuing. does this building share that objective assessment? where do you stand on the occupation? >> michael is a friend of mine. i will let his words stand for themselves. just this week, assistant secretary bill gordon met wiih russian officials. we reviewed the status of the situation between russia and georgia. we remain concerned about the situation there. we continue to seek assurances from russia regarding its future behavior. we want to be sure russia is living up to the agreement that was reached with the significant cooperation of france back in 2008. we are not satisfied with the current situation. we remain concerned about georgia. we remain committed to georges territorial integrity. this -- we remain committed to georgia's territorial integrity. >> would you agree you have made no progress on this objective in foreign policy? >> on the one hand, the situation -- i mean -- we are not s

peterson from minnesota is an effective chairman. his interests are more aligned with farmers then white house policy. the chairman of the senate agriculture committee is running for reelection in a tough year for her. there's a possibility she will not be back to chair the committee in time for the completton of the 2012 farm bill. the players are still in flux. keep in mind the secretary of agriculture may not be, in fact agriculture may not be, in fact will not be, the prime leader in the rewriting of the bill. >> thank you to the tube for your questions and for the secretary to being on "newsmakers" this week. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] >> they have an agenda, and as long as the facts are right, that's a story you can write about. >> over the past year, an investigator from the "wall street journal" has written a series on lawmakers overseas trips funded by taxpayers. he is our guest tonight on c- span's q &a. >> david cameron feels questions fr

peterson is working on something on that. would then move that the house send back to the senate title one receding to the senate on the question of the one amendment that they rejected. all in favor, say aye. opposed, the ayes have it. let me say, thatas an amendment to the collin amendment that our colleague mr. moore had. we made and i appreciate the bipartisan efft here. we made, i think, significant prgress in amending the amendments. but it's not nearly -- some of the probls some of us saw have been resolved. so with that, mr. chairman, we agree totally to title one. next, i have on title nine subtitle d, which is risk retention. move that we accept the senate counter offer with three modifications. have those been presented to the members? let me ask the staff. well, maybe i can't move that. have the modifications been distributed to the members of the conference on the house side? let me again say i do not want to move anything where there has not been a distribution. on title one, there's no reason for adding anythin

a fellow with the peterson institute for international economics and the impact of tschida's economy on the u.s.. ap reporter julie hirshfeld davis. that as live starting at 7:00 a.m. eastern here on c-span. congress is back this week from recess. negotiations continue on an artist to rewrite of financial regulation since the great depression. the white house would like to see a final bill before the president has to the g-20. they meet on thursday to start merging the separate bills passed by the house and senate. some key questions remain like derivatives regulation, the complex and strength of the center of the crisis. senator blanche lincoln has a proposal for derivatives. she prate -- she faces a democratic runoff tomorrow. another question they have to consider is dealing with credit and debit cards. >> on the democratic health care plan from political this afternoon, -- from politico this afternoon. tomorrow, president obama will hold a national town hall meeting on health care with senior citizens in maryland. it has been 47 days since the deepwater horizon explosion. >> the

peterson votes aye by proxy. mr. boswell votes aye by proxy. mr. waxman votes aye by proxy. mr. conyers votes aye by proxy. mr. burman votes aye by proxy. mr. cummings votes aye. ms. velasquez votes aye by proxy. >> the clerk will go to the republicans. >> mr. bacccus votes no. mrs. kapatow votes no. mr. garrett votes no. mr. lucas votes no by proxy. mr. barton votes no by proxy. mr. smith votes no by proxy. mr>> madame clerk, i do have a proxy for mr. schuler. he votes aye. the clerk will report the tally. >> there are 20 ayes and 11 nays. >> i am pleased to be able to report to you that we send you the approval of the financial reform bill. >> we congratulate you on a terrific job. house members will now vote on the senate side. the ayes will have it. [laughter] i asked the clerk to call the roll. >> mr. chairman, aye. mr. johnson, aye. mr. schumer, aye. ms. lincoln, aye. mr. leahy, aye by proxy. mr. harkin, aye by proxy. mr. shelby, no. mr. corker, no. mr. gregg, no. >> the clerk will report. >> the votes are 7 aye, 5 nay. the bill is passed. >> i thank my colleagues, immense

peterson think? caller: she thinks the same thing. i tell you, we are down here in the oil country.st: i appreciate you calling in and we will talk to you in a month or so. fort myers, fla., please go ahea caller: i am here in florida and we are anxiously awaiting and praying that the world does not hit our beaches here in southwest florida. host: right. what did you think of yesterday's congressional hearings? caller: i tink this is a lot of showboating by a lot of ngressmen. we have people from michigan grilling a someone and they have no clue what we are going through in florida and louisiana. we need to put this aside and stop the oil. we

so in february, when they're released back to the streets kevin eugene peterson after conviction for assault with a deadly weapon it should have been no surprise that by the afternoon of the same day that he was released he was back in jail and picked up for attempted rape. yet the lawmakers in california -- all they want to talk about is banning your gun. ladies and gentlemen, as i started out saying, there is a sickness in our country today. but you -- every one of you in this room -- are the most potent medicine and sure-fire cure. i am sure about that. decade in and decade out, you, all of you, have revived our system and revitaliied our american freedom in ways the media cannot deny and in ways the politicians cannot defy by harnessing america's greatest strength to rescue america's greatest gifts. you know what they are. freedom, truth, justice, fairness, honesty, equality, honor, duty. . . it is built on our shared belief in all that is good and right and unique about america. that is why, today, the purist and most potent expression of patriotic to finance any citizen can mak

peterson think? caller: she thinks the same thing. i tell you, we are down here in the oil country. host: i appreciate you calling in and we will talk to you in a month or so. fort myers, fla., please go ahead. caller: i am here in florida and we are anxiously awaiting and praying that the world does not hit our beaches here in southwest florida. host: right. what did you think of yesterday's congressional hearings? caller: i think this is a lot of showboating by a lot of congressmen. we have people from michigan grilling a someone and they have no clue what we are going through in florida and louisiana. we need to put this aside and stop the oil. we had people explain how they had a similar situation on friday and dave were able to drain the oil and -- and they were able to drain the oil and contain most of it. host: has agreed to your beaches in fort myers? caller: no, it has not. host: has it affected the tourism? caller:, it has because of the media -- yes, it has because of the media. there have been a lot of cancellations and people who are afraid to come. host: this is the fr

peterson, boswell and lucas. from the committee on energy and commerce f consideration of sections 3009, 3102-a-2, 4001, 4002, 4101-0118, 4202, 4204 through 4210, 4314, 4401 through 4403, 4410, 4501 through 4509, 4601 through 4606,815, 4901. in that portion of section 8002-a-3 by adds a new stion 313-d to title 13, united states code, of the house bill and that portion of section 502-a-3 which adds a new section 313-d to title 31, united states code, section 722-e, 1001, 1002, 1011 through 1018, 1021 through 1024, 1027 through 1029, 1031 through 1034, 1036, 1037, 1041, 1042, 1048, 1051 through 58, 1061 through 6 modifications committed to conference messrs. waxman, rush and barton of texas. from the committee on the judiciary for consideration of sections 1101-e-2, 1104-i-5 and i-6, 1105-h, 1601, 1605, 1607, 1609, 1610, 1612-a, 3002-c 3 and 4, 3006, 3119, 3206, 4205-n, 4306-b, 4501 through 4509, 46, 4905-c-8-d and e, 6003, 7203-a, 7205, 7205, 7210, 7213 through 7216, 7220, 7302, 7507, 750 9004, 9104, 9105, 9106-a

what worries me is that pete peterson's foundation was at a hearing that we had on the oversight subcommittee professor -- subcommittee. he said we are at a tipping point only have one or two years to solve this problem of our debt. the first thing we have to do is to tell the truth to the american people. they have been lied to. we are going to have to do the sacrifices including the congress. and stop spending. this is just changing. it is still going to be $19 billion that is going to increase our debt at the least. then i think we have this problem with the end user which we want it to. it concerns me that one we know that something is wrong, we should do the right thing. i do not think that people want to vote yes for a bill that is not the way it should be. we just cannot do that type of thing. >> new jersey. >> thank you. someone said the we should rename the bill to the franc/dodd bill. he does combine that to the broad bill to describe exactly what we have here now. it amazes me that in this day and age when our constituents are going through such hard times and americans are asking

nicholas lardy with the peterson institute for international economics examines china's economy and itsffect on the u.s.. and more about the supreme court nomination of the land taken from associated press reporter julie hirschfeld davis. "washington journal" is live every day at 7:00 a.m. eastern on c-span. a couple of live events to tell you about tomorrow morning. the senate judiciary committee holds a hearing on the exxon valdez court decision and will spill liability caps. members will focus on a proposed bill that would allow punitive damages in oil spill cases. that is3 on is at 10:00 eastern. hear on c-span, president obama hold a town hall meeting with senior citizens in maryland to discuss the health care bill and efforts to prevent scams and frauds seniors across the country will be able to participate by telephone three live coverage at a 11:40 on c- span and c-span ready. we'v>> we've got three new c- span books for you. "abraham lincoln," "the supreme court," and "who's buried in grant's tomb?" each with a unique contemporary perspective and perhaps something new to you ab

i commend chairman frank, chairman peterson, all the members of their staffs who worked so hard. this legislation, mr. speaker, addresses many of the problems at the heart of the financial crisis while allowing us to build an even stronger regulatory foundation for future economic growth and stability in our financial markets which we need undoubtedly to create jobs in the american economy. since my first days in congress i have called for smart, thoughtful regulations for our shared goals for reform without unnecessarily burdening our economy or forcing our financial industries overseas. after a year and a half of kate and discussion, although not perfect, i think we struck the right balance here and i'm proud to support this bill. it is god for america, it is good for new york city, it is good for the people of staten island and brooklyn who sent me here to represent them. in particular i applaud the effort to bring greater transparency, accountability, and oversight to our derivatives market. this bill makes sure the regulators and private sector understand outstanding swap ex