again, having the reserves set aside is one thing. making sure we report back to you on the status of that reserve it is part of the visibility and correct reporting for it. the intent of the commission is any savings for wsip will result in other was projected rates. of course, it goes back to the ratepayers. the final is really an additional commitment by the commission that we stay to this schedule. we are asked to review coming into construction. we believe this is essential. it does also note that in our water supply agreements, and we did have a date of december 2015 for the end of wsip. now that we are officially projecting that date, we need to work out with the customers in bawsca , how do we address this? i think those of were the issues that were raised their. -- raised there. president vietor: before we introduce bawsca and take comment, is there motion to introduce amendments? >> said moved. commissioner moran: the different completion dates we're talking about resolving are the completion dates. >> yes. commissioner mora

i reserve the balance of my time. the chair: the gentlelady reserves. for what purpose does the gentleman from new jersey rise? mr. frelinghuysen: mr. chairman, i rise to oppose the gentlewoman's amendment. the chair: the gentleman is recognized for five minutes. mr. frelinghuysen: we respect the gentlewoman's effort to protect the interests of her state and district. however, the amendment intervenes in a specific local project by prohibiting funds for a required step in the licensing process. i do not believe this is an appropriate federal role in the process that should be driven by the state and local communities while being carefully evaluated by the nuclear regulatory commission. i therefore must oppose the amendment and urge other members to oppose it well. and i yield back. i'd be happy to yield to the ranking member. mr. visclosky: i'd reluctantly join him in his opposition. the gentlelady from california attempting to do, i appreciate her endeavors here and certainly commit to working with her to make sure that the nuclear regulatory commissio

the assumption is that we also build up reserves. we talked a little bit about those reserves. that is on slide 24. what we do know is that we would need a program reserves of $3.50 million. that is the blue bar on this chart. that would need to be on deposit with the findings of the contract with shel north america. we would need to have operating reserves. we estimate upwards of $1.50 million would be needed on may 30 or $40 million annual budget. we need $1,000,000.5$1.5 millio. that accounts for rate stability's. we're assuming we have a successful program. we are assuming customers will participate. the market survey we have done shows that want to participate. the reserve would into overtime and would be able to put this in a deposition to invest that into owned grenoble's or when we renewed -- to get the most advantageous terms for our customers at that time. the items that is not down here -- on here is a performance bond. that would be another bar that we could add to the reserves. >> the rate stabilization reserve, one of the questions i had, given that we are buying

the chair: does the gentleman reserve? >> mr. honda: i reserve. the chair: for what purpose does the gentleman from florida rise? mr. crenshaw: i want to say to the gentleman we're all concerned about security upgrades and accept the amendment. the chair: does the gentleman claim time in opposition. mr. crenshaw: no, i accept the amendment that means i'm in favor of it. so i just accepted the amendment. the chair: the amendment is accepted.

banks, the 12 federal reserve banks.s. the banks could very readily receive 125 basis points more in the types of assets which the federal reserve calls minimum risk. they choose not to do that. it's basically because of their concerns about their capital account and various other aspects of lending. but the point of the matter is they have not moved, and if it weren't for the psychological effects, we could take a half a billion off the -- we could probably take a trillion dollars off the balance sheet of the federal reserve. it would essentially be removing the double counting that is going on. it would not have a significant tightening effect except psychologically. >> really interesting, because psychologically, we did see that sort of feeling richer element in the stock market. do you think that the economy needs more stimulus? and what tools does the fed have in this at this point for an economy that seems to be really just crawling? what is your assessment of the economy as well? >> it is a fact that a significant

2 miles away from the reservation. in the most recent homeless count, there was also stated that reflected the lack of tokens. some people are not provided the token at the time of the reservation. 27.5% stated that they sometimes receive tokens while only 12.3% stated that they were providing one at the time of reservation. >> can you talk a little bit about why that is? did you say access to tokens? that implies that maybe they are in sight but for whatever reasons staff cannot -- >> absolutely. that is one issue that the shelters to report that when we are actually there, the supervisor does not have access to the tokens which means that they don't have access to the tokens for the client during that time. that is definitely one of the reasons. the other reason is the lack of tokens. we have 1154 beds. i believe that hsa receives 1200. the ratio is just not there. if every client was to -- that would mean that every client would have a token. that does not mean that everyone would need a token. they can get them els

and alcohol is not allowed on the reservation. but there's some crummy places in nebraska that sell it and there's all kinds of attempts to monitor it and to get it unsold -- i mean, to ban it again, but nobody seems to be able to do that. and another problem besides alcohol and meth is gangs. so there's a lot of gang activity in a number of -- on reservations, but i should say, gary, i sometimes think of native america as being in a fulcrum. all these awful things have been happening are happening, deplacement, despair, all kinds of problems. poverty is awful. there are many places that don't have running water and electricity, too. and on the other hand, some people feel like this is a renaissance, what's going on in native america today. that because of casinos, for instance, that people now are able to -- that reservations, tribal governments are able to buy new fire earnings, and buy new health services and help people. and have language immersion problems, trying to bring back the languages that were basically stripped from

and i reserve. the chair: can you see the gentlewoman reserve? mr. hanabusa: i reserve. the chair: for what purpose does the gentleman from ohio rise? mr. gibbs: wish to claim time in opposition. the chair: the gentleman is recognized. mr. gibbs: i thank you, chairman. it authorizes the e.p.a. to study the effectiveness of cooperative federalism once h.r. 2018 is enacted. while the amendment seems to carry a bias in that the e.p.a. can only report an increase of pathogens or toxins and not reductions after enactment of h.r. 2018, the e.p.a. will have very little to report on. h.r. 2018 will lead to a better water quality decisions made at the local level and this will benefit the environment for all of us. h.r. 2018 would lead to water quality dead regation, none of us -- degradation, none of us in this chamber would support it. if the sponsor would like to ask for a unanimous consent request to modify her amendment, to modify line 5 after increase for the phrase or reductions we then would be able to accept the amendment. i reserve the balance of my time. the chair: the

i learned two-thirds to three quarters of native people live off reservationing reservation including a group of people termed urban i understand yaps. that quest led me to the chicago american indian center to this really wonderful guy, ansil, who is a cultural coordinator there, a volunteer there at this point, and i'm going to read you a little about what he said to some 2nd graders he was introducing to native culture because they didn't know anything about native people either. he said wops -- once your teacher told you you were coming here, how many of you expected to see a old man with braided hair? how many expected to see that? be truthful. a few hands rose slowly. for those who raised their hand and the ones that haven't, are you disappointed me for seeing me the way i am now? no child move. this is who we are, okay? order -- ordinary people wearing ordinary clothing, not the people you see in movies or read about or what people say about us. we are not these people. indians, we go to school, work. you might have met an indian teacher in your school, indian cop, judge, lawye

there's a lot of gang activity on reservations. should say i sometimes think of native america as being at a fulcrum, all these awful things that are happening are happening, displacement, despair, all kinds of problems. poverty is awful. many places don't have running water or electricity. on the other hand some people feel this is a renaissance what is going on in native america today. because people now are able to -- reservations and tribal governments are able to buy new fire engines and new health centers and help people and have language immersion problems trying to bring back the languages that were basically stripped from people decades and decades ago. some people think it is an extremely exciting time. if you go on the web, powwows.com they list hundreds and hundreds. there's a cultural renaissance on the one hand but i never know quite which side is winning. the problems are so intractable. a woman i met in minnesota told me that she thinks 2-1/2 generations of people have been lost through federal policy such as boardi

i like to think of the management reserve as a savings account. i will elaborate on that in a few minutes. i want to highlight the fact that you as a commission will still be required or will need to seek your approval for all construction cost increases over 10%, as well as extension for a schedule of 10%. our budget is divided into three major categories. construction costs include the awarded construction contracts, the cost of an owner-provided equipment and material, and delivery costs include such things as project and program management, planning, design and construction management, engineering support and construction, and finally engineering costs cover art improvements and real-estate expenses. we know we have benefited from a great bidding environment over the last two years and that has enabled us to save $2 billion in construction costs. the savings has been partially offset by the expenses shown on the sly. the slide shows the projects where we realize the greatest cost savings, and the various columns, this is basically the delta be

i reserve the balance of my time. the chair: the gentleman reserves. for what purpose does the gentlelady rise? >> to claim time in opposition. the chair: the gentlelady is recognized for five minutes. ms. waters: in drafting this bill, we sought to strike the right balance between protecting homeowners and strengthening the flood insurance program. i believe the bill before us today does just that. unfortunately, i do not believe that the gentleman's amendment strikes the same balance. specifically, by creating a reserve fund, the gentleman's amendment would allow the nfip to increase insurance premiums on homeowners so regardless of the flood risk, homeowners will have to pay more in order to fund a reserve fund that will never have enough money to pay out claims for catastrophic events. this isn't fair to our taxpayers, mr. chairman, and in fact, would stall the recovery of the housing market. i understand the problem the gentleman is attempting to soft. we know the flood insurance program is over $17 billion in de

it would not be a board reserve. it would be reserved we are suggesting as an interim policy. supervisor chu: thank you, mr. rose. i understand this is an item the mayor has put in, so if you can elaborate a little bit on that? >> madam chair, members of the committee, in the mayor's -- i am the mayor's budget director. i am happy to answer any questions you have on the budget analyst alternative recommendation. i would have a little bit of hesitation about that, as i am imagining how that would play out, create a situation where you have a new mayor organizing and administration and seeking board approval for a staffing plan. i understand the logic of that suggestion, although i could imagine it creating a difficult situation for both the board and the mayor. with somebody coming in and trying to argue their staffing plan from the board. that would be my one thought on that. supervisor chu: thank you. supervisor kim? supervisor kim: i appreciate that the mayor's office did come in to chat with me on this. i understand the $300,000 for the fund. i would still like to hold off

i reserve. the chair: the gentleman reserves. for what purpose does the gentleman from california rise? mr. honda: thank you, mr. chairman. i rise to claim time in opposition to this amendment. the chair: the gentleman is recognized for five mins. mr. honda: the amendment would cut the office of compliance by $465,000 even though it's cut in the underlying bill 6.4%, the same as the overall bill reduction. i have to question the motives of cutting the office of compliance disproportionately to the overall bill. maybe the gentleman is not aware but this office was established in 1995 by the republican congress to santa fe the republican contract with america. the office implements the congressional accountability act to ensure that congress complies with safety, discriminationation accessibility laws that everyone else in the nation must follow this amendment suggests that congress should ease up on providing our workers a fair and safe working environment. i support this amendment and -- i oppose this amendment and urge my collea

that reserve -- that would be a minimum amount. that would be in the contract in order to avoid a default. those are the general broad overview i wanted to touch on for the term sheet. moving on to the outstanding issues, we're talking about, there is a few other things that are outstanding. one is that if you, i do not know if you recall. there is a rather esoteric part of the statute which requires a cca to post a bond capable of covering the estimated costs to the incumbent utility, pg&e, of the cost of having 100% of the enrolled cca customers returned to the utilities. in the case of a cca, all the customers go back to pg&e. it costs more to procure energy for them. cca once there to the bond amount if sufficient that they bundled customers would not bear any cost. this is something that has been litigated at the cpuc and still remains in question. >> when you say bond, marin tried to obtain a bond and nobody sold it. it is cash? >> it is hard to -- it would be some type of insurance. as a city where are thinking we might be a

camp, continue to reserve? mr. camp: continue to reserve. the speaker pro tempore: the gentleman from michigan, mr. levin. mr. levin: this is an and difficult occasion of responsibility. this bill is going towhere and tries to fill the wounds of a divided republican caucus. we should do better and we will do better. i yield back. the speaker pro tempore: the gentleman from michigan, mr. camp. mr. camp: i yield myself such time as i may csume. and i have been listening to my friends on the other side for the course of this afternoon and i would just say to them, where is your plan? where is your legislation to address the debt problems of the united states? where are your ideas in legislation that is scored by the congressional budget office so that you could bring your alternative to the floor? this isn't the direction you want to go? where is your plan? i noticed the other side, the senate, has not passed a budget in more than 800 days. frankly if they passed a budget on the other side, we might not be in this situation because we would hav

if you look at the vent their reserve, 89% reserved are being filled by those very clients. about 11%, roughly 40 beds are vacant. so what we do is of three -- we release those beds. and allowing the general homeless population to access them. the concerns are being raised that these are not being accessed. when we look at the vacant numbers, and i get a vacancy report every morning. last two nights, on july 12, there were seven vacant beds among the hundred and 67, 0.8%. last night, there were five. the idea is that the reserve and beds go empty and cannot cash is the cause of that is not supported by the data that we're looking at. there is a population out there who are not eligible, and the population gets squeezed out of the system. they do tend to be veterans and singers. they have other benefits that are available to them. these are mostly federal disability benefits, about $830 a month. they are getting twice what a normal cash grant in the county would be. there is an assumption that these are not the same population, but it is. we helped them get on the federal dis

i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the gentlewoman from new york. ms. slaughter: i'm pleased to yield five minutes to mr. frank of massachusetts. the speaker pro tempore: how much time? ms. slaughter: five. the speaker pro tempore: the gentleman is recognized for five minutes. mr. frank: first i want to express my objection to the rule, the chairman of the rules committee said maybe i can get a unanimous consent agreement to modify it. all the members are not created equal. this rule gives a total of 10 minutes for each amendment, five and five. that is simply inadequate, grossly inadequate, for discussing some of these important amendments. there are two amendments in particular where i will be approaching my colleagues in the majority to see if we can get an extension of time. but if that's not the case, i will be very, very disappointed that major issues here in this important subject of consumer protection would be given only five minutes on each side. now, let's get to the substance. my republican colleagues have

the gentleman from maryland continue to reserve? mr. van hollen: i reserve. the speaker pro tempore: the gentleman from new jersey. mr. garrett: regarding what sort of amendment that thomas jefferson may have been looking for today whether we would be looking for in what we call a super majority or what have you, jefferson would be going even further than what we are doing here today and say that congress should not have the ability to borrow at all. the amendment we are putting forward would give us greater flexibility in time of emergency, in time of war, that congress can take it upon themselves to borrow. jefferson understood that congress, just like the businesses and families at the time needed to live within their means and he saw it as i am moral to take a responsibility of this generation and place it on future generations. with that, i will yield two minutes to the gentleman from arkansas. the chair: the gentleman from arkansas. mr. womack: i have had the pleasure of representing arkansas' third district and i can still hear the voices of those peop

terry: i'll reserve. the chair: the gentleman reserves. the gentleman from tennessee did yield back. mr. terry: oh, he yielded back. ok, i'm sorry. there's no doubt the facts are that on the keystone but not the keystone x.l. there have been 12 leaks. 12 leaks of as little as five gallons to 400 barrels of the recent one and thorpse determined to be part -- those were determined to be part or caused not by the safety of the pipeline but by valves that were malmanufactured. there was a manufacturing problem that within a 12-hour period they were up and running again, those have all been replaced, that's the type of response that we expect under our pipeline laws. and so i think the issues here are better placed in our discussions of pipeline safety of which both transportation committee and energy and commerce will begin working on soon. and so i just don't see the need for this type of an amendment or fact finding to be put into this bill. with that i yield back. the chair: the gentleman from nebraska yields back his time. all time having

speaker, i reserve. the speaker pro tempore: the gentleman reserves. the gentleman from ohio. >> mr. speaker, i would yield one minute to the gentlelady from west virginia. the speaker pro tempore: the gentlelady from west virginia. mrs. capito: thank you. mr. speaker, we're broke. everyone from the small business person to s&p 500 is looking to washington to solve this mess. we have a responsibility to demonstrate that we can responsibly raise the debt ceiling by changing the way washington treats the taxpayers' dollars. the reason we're in over our heads is not because we're taxed too little, it's because we spend too much. the bill before us today, cut, cap and balance, is a tangible idea that demonstrates we have to pay our bills while making sure our future credit card statements are not budget-busting. if we want to protect our seniors and grandchildren, encourage small business and create jobs and safeguard the american dream, we need to get our economy back on track. that starts with living within our means. it's about time. the speaker pro tem

speaker, i reserve. the speaker pro tempore: the gentleman reserves. the gentleman from wisconsin, mr. ryan. mr. ryan: i'll yield myself two minutes at this time, mr. speaker. the speaker pro tempore: the gentleman is recognized. mr. ryan: mr. speaker, this legislation before us today is a down payment. does this cut the amount of money we need to save our country from a death debt crisis? no. our budget does that. this is 2/3 of the spending cuts we called for in discretionary spending. is it 100% of the cuts we asked for? no. it's 2/3 of the cuts we asked for. what does the president's budget do? it actually spends $130 billion more. i'll take 2/3 of the step in the right direction instead of going in the wrong direction, the president's plan. the congressional budget office, we asked them to take a look at the president's framework. c.b.o. director told me under oath they can't score speeches. this plan reject the president's fiscal demands for tax increases and it rejects its political demands for a blank check to get them through the election. wha

now to the matter before you today. 11-12, the total allocation of the open space contingency reserve currently is $1 million. half of that per your action is $500,000 for this year's deferred maintenance allocation. the difference between this fiscal year amount and last year's was that last year's was a multiple year some, which was presented as a onetime opportunity for us to do a large expenditure. this year's amount, the $1 million balance, the $500,000.50% of that, is more in line with the ongoing contingency fund balance. given the reduced availability of deferred maintenance funding this year, as opposed to last year, the department plans to devote the totality of the $500,000 to replace the entire civilian gym floor and fixing the water intrusion problem that has caused repeated buckling of this floor and is negatively impacting the gymnasium's use. our capital division presented a report on the over all conditions of the pavilion. with your indulgence, i would like to have rick come up here to give you a synopsis of his findings. >> good morning, commissioners. keysar is wel

van hollen: i reserve. the speaker pro tempore: the gentleman reserves. the gentleman from new jersey. mr. garrett: with that i yield one minute to the gentleman from florida who the white house says that leadership is not simp proposing a bill to vote up or down, we recognize that the white hou is not ging us any plaof leadership so far in this issue. the speaker pro tempore: the gentleman from florida. >> i ask unanimous consent that my speech be made part of the record. the speaker pro tempore: without objection. >> it's been said before that the united states government owes close to $14.3 trillion. it's estimated by the c.b.o. reveals that by the year 2021 the government will spend 100% of every dollar in revenue on entitlements, simply raising the debt limit to $16.3 trillion without comparable spending reduction is irresponsible at best and catastrophic for our nation and worse. mr. stearns: facing our nation's debt onto the backs of our country's children and grandchildren is irresponsible. comparable reductions would be in the amount of $2 trilli

van hollen: i reserve. the speaker pro tempore: the gentleman reserves. e gentleman from wisconsin is recognized. mr. ryan: i yield one minute to the gentleman from nnsylvania, mr. platte. the speaker pro tempore: the gentleman from pennsylvania is recognized for one min. mr. platts: i rise today in support of h.r. 2560. it is important for the president and congress to reach a final agreement on the debt ceiling that helps restore fiscal responsibility in washington, honors america's obligations, and puts our nation back on the path to prosperity. it is clear that our economy will continue to stggle until washinon demonsttes the ability to get our spending and our debt under control. and as the chairman of the joint chiefs of staff has stated, our national debt is the biggest threat to our national security. the cut, cap and balance bill before us address our nation's spending and debt challenges in a manner that stops delaying hard decisions. we immediately cut spender by over $100 billion. we cap spending in future years in less than 20% of g.d.p. and

i reserve. the chair: the gentleman reserves. the gentleman yields back. for what purpose does the gentleman from colorado seek recognition? mr. coffman: i rise in opposition. our marines, sailors, soldiers and airmen are fighting in the toughest places imaginable. this is to pull the support out from under our troops and leave a legacy of failure in afghanistan. i urge against supporting this amendment. although i applaud the bravery and skill of the men and women who brought osama bin laden to justice. this is not to increase our security in afghanistan. our men and women are working to increase afghan security forces. but to transition lead responsibility of security to them is irresponsible to them. the forces did not suddenly become more proficient because of the death of osama bin laden. i'm in support of a transition, but only when they are fully prepared to assume that responsibility. i agree that nation building shall not be a principal tool. such campaigns are too expensive particularly given the circumstances our nation faces. this is not an exc

bachus: i reserv my time, mr. chairman. the chair: the gentleman from alabama may not reserve. the gentlewoman from west virginia controls the time. mrs. capito: i reserve the balance of myime. the chair: the gentlewoman reserves the balance of her time the gentleman from massachusetts, mr. frank, is recognized. mr. frank: i'm appalled at the gentleman saying it's un-american. and he made a misstatement when he said we took a good idea and ruined it. if it was such a good idea, why was ohe opposed to that good idea? he's making a big deal of the fact thatwe switched our view after listening to people, after having hearings, we made a change. that's why you have hearings. e desaied after debate that the model of the control of the currency a single individual, appointed by the president, was a better model for the consumer agcy, to so does everyone else who supported it. the gentleman from alabama said, that was a good idea and you runed it. the gentleman from alabama was opposed to it when it was a good idea. he was opposed to the notion of an independence consumer agency. he m

morgan and the federal reserve bank in washington dispensing inside information he legally bloomberg is involved in legal conspiracy that's not conspiracy theory that's conspiracy fact it's all tied in to bloomberg bloomberg being of course now running for president supposedly law. i think things up where is he getting that money oh i get it it's inside information which he will of course try to legalize to cover his butt at the end of the article there's a quote it's going to be awfully tough to identify the source of the leak in this case because of course it's always awfully difficult to prove insider trading twenty eight nations were involved so a whole lot of people knew this ahead of time well these fifteen other regulators they don't have the money to pay for the subscription on bloomberg to show you who's trading on inside information they're bankrupt purposely on purpose so that they can possibly prosecute insider traders but also as leoben graff goodman proved earlier this week is most things are no longer illegal anyway they've been unwound all the regulations against insi