it is going up as the healthcare bill is phased in. you're taking the size of the federal government and growing exponentially. the revenues have historically been about 18.2% of gdp since the second world war. but under the obama budget is projected that they will go up to 26%. it is not the revenue issue. it is the spending issue creating this huge delta which is causing all this deficit and debt. unless you address the spending side and reduce the rate of growth of federal spending, you cannot get this under control and a way to make it sustainable for the next generation. >> "the washington post" editorial on thursday pointed to you in the work you have done across the aisle with democratic senator on tax reform and other issues. u.s. someone who is also retiring, and saying there is -- this election cycle coming up who not toe the party line, such as robert bennett and blanche lincoln on tuesday, will suffer the consequences. what are your thoughts and with the paper called partisanship and paralysis? >> i do not know. i think the

i urge us to pass the bill. the speaker pro tempore: the gentleman from wisconsin reserves the balance of his time. the gentlewoman from ohio. ms. fudge: mr. speaker, does the gentleman from wisconsin have any further speakers? mr. petri: actually, i urge all my colleagues to support the bill before us, the eunice kennedy shriver act and yield back the balance of my time. the speaker pro tempore: the gentleman from wisconsin yields back the balance of his time. the gentlewoman from ohio. ms. fudge: mr. speaker, i as well would ask that my colleagues support h.r. 5220. i yield back the balance of my time. the speaker pro tempore: the gentlewoman from ohio yields back the balance of her time. the question is, will the house suspend the rules and pass h.r. 5220 as amended. snave. -- so many as are in favor say aye. ose 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 u

the stimulus bill. and that began to put people back to work, keep people employed, i know that in california, it was an extremely important piece of the puzzle of keeping our schools open, keeping teachers in place, then preventing further erosion of the economy. so that began to take hold we began to see the number of people losing their jobs on a month-to-month basis declining so in the last month, we're seeing the numb of people employed rising, getting jobs rising. we still have an extraordinarily high unemployment rate, we're not close to being home yet. we've got a lot of work to do. part of that work is to make sure that wall street doesn't ever again put at risk the job of a family, put at risk a home mortgage, put at risk the american economy and indeed the international economy. so that's where we're headed. we've got some more work to do. i'm going to wrap this up from the perspective of ohio, one of the states hardest hit for many, many years now but a state that's coming back with leadershi

i do not believe the bill would advance the public interest. in particular, the bill is drafted -- as drafted will do nothing to protect workers from age discrimination, other forms of discrimination, retaliation, or any other unlawful conduct. i say this for three reasons, first, the bill incorrectly asserts that the decision by the supreme court of the u.s. in gross. fbl financial services, eliminated protection from any individuals. the decision, however, does not eliminate protections for victims. before the decision, age discrimination defendants could prevail even when they improperly considered a person's age, if they demonstrated they would have made the same decision or taken the same action, for reasons unrelated to age. the court's decision stripped away the so-called same action, or same decision defense, and, therefore deprived entities that engaging in age discrimination of this defense. for this reason, since the gross decision issued, the federal courts have repeatedly ruled in favor of discrimination plaintiffs and against defe

as the bill proposes. this would disqualify two-thirds of current accredited investors according to the age old capital association. small business and start-up companies are the backbone of our country. they are where we are looking to get the new jobs of the future, and the critical role is played by angel investors in creating and developing new companies small or large. i'll tell you, i will confess, this is of particular concern to my state of missouri where i have been working for a long time to build an agricultural biotech corridor across the state. in missouri, we have the research institutions, the scientific leaders and advanced ag research and biotechnology. the research and biotech industry is our best hope for a stimulus to create high-paying, skilled jobs in rural as well as urban missouri and i would say across america. the stimulus these biotech and research companies are spurring in missouri is also happening today across the nation. according to the kaufman foundation, between 1980-2005,

the bill passed out of committee in july of 2009. we work through what we thought were the last lingering concerns with the bill and try to pass t through the senate in december. we have run into additional concerns with new protections we are trying to extend to intelligence community whistleblowers which we are trying to work through. so why does this take so long if we have been working on it for so my years? as you know the bush administration had promised to veto the bill. know we have an administration that supports whistleblower protections and has been wonderfully and constructively involved in the rocess. but in some sense it creates a lot more work when the administration is at the table you have to listen to their concerns and try to work their administration concerns so we have worked a lot with the administration on how to both address concerns with the bill but also move the senate bill further than it had ever gone before in the hopes of bringing it closer to the house bill and beinable to finally t us to one final piec

here is the caveat, bill, of course, the younger the man's wife, the longer the man lives. >> bill: soy thing kicks in and you are 856789 but look at anna nicole smith she killed that 98-year-old guy though,. >> he was 98. he didn't make it out of the church wedding. he toppled right over. gutted feld, you have my fraf favorite program "the view" exposition where l.l. cool jay did what the? >> he introduced this new fitness routine doing what? >> he introduced new fitness machine using the human body. >> >> i can absolutely can you cur. >> buck 20. [ laughter ] >> nice, nice. >> go, joy. [cheers] [ laughter ] [ laughter ] >> bill: rumor ll cool jay has been treated for hernia. >> oh, man. >> bill: it's not the individuals, it's the cumulative of all three of them. >> i don't see you volunteering to curl anybody. >> bill: you are darn right. >> we are in a recession. people cannot afford gym minutes. what is he showing you is you can use other human bodies to lift weights. this is a fantastic idea. don't go to balis, go to your neighbors and lift them up. it's much better to lift "the v

of course there were also young women who said i can't imagine a world without the bill. this has made all the difference to me. >> guest: the greatest invention for the women of all times. >> guest: it was remarkable to have that kind of thing and many of them said i am so fortunate to have been born in the post through copal in europe. my parents have been so supportive of me they made sure i was on the hill when i started, you know, dating to make sure i wouldn't ever be stuck with an unwanted pregnancy and then there were others who might as well have been my generation which is coming of age in the 1960's and the struggles for so heated and so many of us had such a difficult time coming to terms with her sexuality and birth control and with access to contraception and at that time it was legal in every state. >> host: with this survey you posted on the web site feministing. >> guest: that was one of the places. i actually posted in a lot of different places. >> host: i went to that website and booze respond dee dee koza prisoner the responses of some young women but s

the problem. we passed a bill. we cut a half trillion dollars from medicare, and we didn't fix the fundamental probm that is preventing our medicare patients from having care. you want access to an insurance policy, fine, i'd always remember have access to a doctor. i yield back the balance of my time. mr. levin: i now yield two minutes to another distinguished member of our ways and means committee, mr. blumenauer of oregon. the speaker pro tempore: the gentleman is recognized for two minutes. mr. blumenauer: thank you. i appreciate the gentleman's courtesy. we are watching the harsh reality of governing without any meaningful republican participation. it would have been an opportunity as we were moving forward if we were actually legislating and people were part of the party to be able to have zeroed in some of these things. i personally am absolutely committed to deal with the s.g.r. problem. this is a step forward to dealing with it. it's not as good as what we passed earlier in the house, but it's interesting o

there are problems in the bill. the drafting of the bill only mentioned tricare for life not the protection of tricare. so ike skelton immediately, the chairman of the armed services committee, files a bill to be brought to the floor for which, chairman levin, you were here, it was the ike skelton bill to correct tricare. a correction that had to be made. it was made outside of the bill. i sought to make it a correction inside the bill. we also had the problem with -- in the drafting on the protection of veterans programs of title 38 under chapter 17. veterans programs. there are a lot left out including chapter 18 which is a spina bifida program, a serious problem. we are not going to take care of that. i guess we'll do it later. chairman levin, you kept your word. you kept your word to me. you're a gentleman. we tried to get it done on that day and it didn't get done, and you kept your word to me and we are back here today, but we shouldn't have to have been back here today i guess is my point. . the crups was is t

and the interesting thing about bill to go back to the first question what can we really say that the bill did? and i think if there is one thing we can absolutely say the bill did because it was so effective is it made it possible for women to have a family and career. and up until that point that was a really unlikely situation. >> host: the diaphragm couldn't do that? >> guest: it could but it wasn't as effective and so if you are a married woman and you are really trying to plan your family so you can have a career, if it just happens the diaphragm didn't work for you one time as conscientious as you were being, you know, that would put you in a situation that could send you that. but the pill was so effective that if you actually used it conscientiously you were very unlikely to get pregnant. so for the first time and this is of course having just as new opportunities are opening up it came together and the real revolutionary potential for the pulp i think was to make it possible for women to do that and to combine a career and family life. >> host: what i found fascinating is ho

i still like the thrust of the bill. i look forward to working with the chairm from this day forward. i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from tennessee. mr. gordon: mr. chairman, i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. gordon: let me make this suggestion. if you want to wait for the absolutely perfect bill that you agree with every word, then you shouldn't vote for this bill because this bill is a bipartisan compromise that was the result of 49 hearings, four bipartisan markups. and soe had to work together. so if you want the perfect bill that is just what exactly what you want regardless of what anybody else might want, then this may not be your bill. but if you want a bill that is going to take america forward, if you want a bill that is supported by the u.s. chamber of commerce, by the national association of manufacturers, by the information and technology industry associa

the health care bill. it's all about jobs. we found out just days after that was passed, whoops, you better add another $600 billion to what the real costs will be because it was not included despite the debate and all the time on the floor. health care bill was about as much about health care as the stimulus was about jobs. here we are adding another promise from the democrat majority, huh, it's about jobs? but what this party fails to talk about is, ok, 150,000 jobs for $6.5 billion worth of spending, new debt not paid for, not at quitly -- not adequately enumerating the things that will really happen in the marketplace. we already talked about the promise that is were made during the stimulus. of that only 5% has materialized out of the department of energy. the reason why is because people don't have money. people do not have money because they do not have jobs. we do not have jobs in this country because of the democratic majority who has made a decision that their political agenda to diminish the size of the free enterpri

i'm the guy who wrote the credit card bill. e agency that fought me on it now is going to be tasked with the job of protecting people from it. for the life of me, all the agencies you pick to run this thing in your bill, you pick the one agency that has fought us on credit card reform. stunning to me that someone would actually write a substitute knowing that this agency did so much damage, opposed to the idea that we put limits on the count of interest rates to be charged on outstanding balances. that's not putting consumer protection at the heart of our financial system. that's putting consumer protection at the back seat where it's been for if a too long. that's not the worst of t. the republican substitute limits enforcement powers. and i quote -- "limits enforcement powers to large nonbank mortgage originators. large nonbank mortgage originators." other finance companies women avoid -- will avoid enforcement unless they demonstrate a practice of consumer abuses. in other words, their version won't be allowed to prevent abus

and it's in the bill. so you wonder why you have republicans standing in the way of the financial deform bill. well, take out the systemic risk council, take out the too big to fail designation, take out the bailout for firms without going through regular bankruptcy proceedings, take that out. the automotive industry should have showed us that this is not what you do. you don't turn the law and the constitution upside down. people might wonder, well, how could that have happened? you got congress, you have the executive branch and you have the judiciary. these are supposed to be checks and balances, but it didn't happen. the checks and balances didn't work. so you have an auto task force that was appointed by the president, and then the auto task force met in secret and refused to come up here and tell congress exactly what was going on in those meetings. they said later, well, we didn't really pick which dealerships would go out of business. we just told them, you know, basically how many had to go out of

the bill addresses many of the concerns that they have raised. i'm proud that this bill as resulted in the committee engagement if our citizens to determine what issues were important to them as we develop the programs and policies that are in included in thibill. this bill authorizes $567 billion in budget authority for the department of defense and the national security programs of the department of energy. the bill also authorizes $159 billion to support ongoing military operations in iraq and afghanistan during fiscal ye 2011. these amounts are essentially equal tohe president's budget request for items in the jurisdiction of the armed services committee. h.r. 5136 continues congress' deep commitment to pporting u.s. service members and their families and to provide the necessary resources 8 -- resources to keep america safe. the bill provides our military personnel a .9% pay raise which then creates a half a perct above the president's request. the bill also includes a number of initiatives to support military families, including extending he

the bill didn't create those opportunities. he pill didn't open doors to universities and higher education and science is the and all fees occupational opportunities. the pill didn't open the door to women being elected to public office. the bill didn't open those doors. women opened the stores. >> host: and minn helped. [inaudible] feminist movement made that happen. the feminist movement pushed the doors open. >> guest: it couldn't happen unless you had the men that were there that were supportive. we had -- >> guest: the feminist movement is the feminist movement because women did it. it's like when in liberated. like nice people made the civil rights movement had. black people need the civil rights movement had been. in the case of the bill is a classic example it was a corporation and all along -- it was women's rights to open the doors and make it possible for the bill to change -- >> host: i don't disagree with most of your story except for the slogans and then that you chose probably the most underrepresented example of

that's to pay for doctors for the doctor bill. of course it was left out of the health care bill.how can we have a national health care law that fails to address training doctors and paying for doctors? it is astonishing mr. president. it says that "scheduled cuts take effect june 1, an option outlined friday by c. b.-to-freeze medicare payment rates which under the new figures would cost $275.8 billion through 2020. an amazing amount because physician payment rates for medicare are expected to be cut 21% on june 1." so that's what we're looking at now and, mr. president that's why today i come to the floor giving my doctor's second opinion because it is time to repeal this legislation and to replace it with legislation that delivers more personal responsibility and more opportunities for individual patients. we need a patient-centered health care bill, one that provides individual incentives, such as premium breaks for people that behave in a way that encourages healthy behavior and gets down the risk factors that increase the cost of care, that allows people to take their health

you said you thought the bill would pass next week. presumably that will be any sort of fannie mae or freddie mac solution. what does that mean for financial reform? >> there is the old phrase about the "elephant in the room," and this is the entire herd. they are at the essence of the problem that we had which was a real estate problem. real estate loans cannot be supported because they were not properly underwritten. the valley of the assets that were landed against did not exist or were not strong enough -- that were lended against were not strong enough. fannie and freddie came in and securitized that loan and put the american taxpayer on the line to pay for that loan when it failed. we knew the loan was made correctly in the first place. fannie and freddie have created close to $500 billion obligation that the american taxpayer will have to pick up. this will act as if that's the problem does not exist and we do not need to address it. that is jewish. if the problem was the meltdown of the real-estate market and was driven in large

and there's a huge issue, and a major disconnect between the senate bill and the house bill in that the house bill actually forces the industry to pony up, to prepay 150 billion in a fund. the senate bill says we'll deal with assessing you after the fact. and that's actually going to be a huge fight as well i think over the next couple of weeks. though frankly i think the senate bill is what is going to win out and-- . >> rose: you both have eluded to too big to fail so exactly what does this bill say in the senate side about too big to fail? >> it gives the power to do what? >> it gives the po wir to the government to unwind lehman brothers, aig, a failing hedge fund without putting it in the traditional bankruptcy process which is what we saw happen to lehman brothers, and what effectively created the domino that famous week in september of 2008 where all of a sudden all this money got locked up. nobody knew what was going to happen. there became a fire sale, et cetera, et cetera. that won't happen any more. the question is how much it will cost us the taxpayers to avoid that from hap

if the bill is aimed at preventing a repeat of the financial crisis. passed by the house. >>>bp is now agree with scientists who say that more oil than originally thought is spewing from the blown out well. it is starting to reach marshes at the mouth of the mississippi river in louisiana. >>> this weekend there will be a major road or can't metro work in d.c. that could cause headaches. mike has more. >> its going to be a busy weekend in washington. the mavericks are hosting orioles and there is the d.c. chili cookoff on saturday at a stadium. metro will be doing some track work on the red, orange, and green lines replacing components. metro says customers should expect delays of up to 30 minutes. the drivers will also face challenges. vdot crews will be closing the chain bridge all weekend for last-minute deck repairs. tonight they will start paving and painting lanes. there will be no access to cars on the district of side or the arlington side. sidewalks will be closed as well. drivers should be ready to avoid inner loop of the beltway, 95 and 495,

bp will be pay the bill. as president of the united states i am going to spare no effort to respond to this crisis for as long as it continues. we will spare no resources to clean up whatever damage is caused. >> aside from meeting and greeting the first responders the president also had a closeup look from a helicopter of the now 30 mile long oil slick caused by the more than 200 thousand gallons of crude oil being spewed from the well every day. in alabama i assume the slick is feared heading next, you tell us what's going on? >> indeed geraldo. in fact slow moving katrina is a very good way to describe it because so many residents and business owners on the island whethered katrina and rebuilt their businesses but they say the horrible thing about an oil spill is unlike a hurricane where you can rebuild in a matter of months with an oil spill you don't know what is going to happen next you don't know what to plan for. what they are doing is planning for a worse case scenario trying to protect the community

i've never seen the perfect bill. maybe there are additional ideas and senator shelby of alabama, my partner in this committee, he is the ranking republican member, former chairman of the committee, we're working on some additional language here that some have raised as way of either tightening this down further should there be any doubts. my hope is that very shortly, maybe as early as tomorrow ring weelg a be able to present a united front on how we do that even to the further -- to further allay the fears or allay the further fears that some may have that these title 1 and title 2 don't quite complete what we're designed to achieving in this legislation. i look ford to that. i am a supporter of the boxer wheament it comes up. the other parts of this bill we've talked about a lot, senator kyl talked about various other ways of dealing with the bankruptcy. he's correct to point out, it is complicated. it is just a straight, normal bankruptcy. because there are counterparts -- that other people, other institutions, tha

we've also clarified and tight end the language in the bill -- and tightened the language in the bill regarding resolution and the powers of the fed, the federal deposit insurance corporation, treasury and others to prevent bailouts. we have included provisions requiring post-resolution reviews to determine, mr. president, whether regulators did all that they were supposed to do to prevent failures of a systemically significant institution. such a review i believe's storable hold regulators accountable for their actions or inaction, as the case may be. mr. president, i believe we must put an end to the ad hoc responses of the federal government which only lead to fear and to panic. i believe these changes will help us do that. i want to thank at this time the committee's chairman, senator chris dodd, for working with me to tighten the language in this part of the bill. and i also want to thank our respective staffs who worked day and night, weekend after weekend to get us where we are this afternoon. all of these changes are important and necessary to make bailouts a thing of the past

he is the father of this bill. he has created the energy initiative in this bill and has shown tremendous leadership in pushing this effort forward. i'm particularly proud of the contribution that my subcommittee, the technology and innovation subcommittee, has made to this legislation. innovation is absolutely crucial to our nation's long-term global competitiveness. it is our economic seed corn and we have a responsibility to support the kind of economic environment that empowers our nation's private sector to innovate and create jobs. the bipartisan legislation we are considering today will strengthen our nation's economic competitiveness by creating an environment that encourages innovation and facilitates economic growth. it will create high-wage middle class jobs through innovation and technological development. among other things, the bill makes critical investments in the manufacturing partnership which will help this vital program better address the needs of our nation's small and medium sized manufacturers

all the customers. this billand it is important we move this forward. after many years of debate, the united states still lacks a national energy strategy, and this is our chance to fisk bought -- to fix the. as the ceo of a number one renewable energy company, i can promise you this. with the price on a carbon and the other aspects, we will invest billions of dollars more in renewable cents for every single year. we are going to create thousands of jobs and far more than what is under our current energy strategy. i want to thank senators kerry and lieberman for drafting a solution all parties should be allowed to support. i will welcome the director of the national wildlife foundation. [applause] >> i am the president and ceo of the national wildlife federation. we have more than 4 million members across america. i am here to thank ythe senators for their unwavering leadership. i spend much of my time tracking the unreflecting damage, the devastating impact. it has only just begun. the vast damage to marine life

the dadgum government's going to be in everybody's pocket with this bill. >> woodruff: the senate bill included provisions to: deal with the problem of "too big to fail" by making it easier for the government to wind down failing companies; create a bureau inside the federal reserve to protect consumers of financial products; and for the first time, institute federal oversight of derivatives, bets made on the future price of securities. the house bill that passed last december was similar in many respects, but differed in others. for one thing, it would place the new regulator of consumer financial products outside the federal reserve. and, unlike the senate bill, it would exempt auto dealers from that agency's oversight. on thursday, president obama hailed the progress on a main item of his domestic agenda. he said he'll resist efforts to water down the final version of the bill during house-senate negotiations. >> and there's no doubt that, during that time, the financial industry and their lobbyists will keep on fighting. but i will ensure that we arrive at a final product that is b

president, what else does the dodd bill do? it ends taxpayer bailouts, and with my amendment, that's going to be even clearer. it puts a cop on the beat for consumers. why is this important? because the people who were trampled upon during the whole wall street crisis were middle-class families that depended on these big firms to protect their pension funds to protect their -- funds, to protect their associates that they might have had in a mutual fund. instead all that went out the window. and we need to also have a cop on the beat to look at credit card companies and the kinds of things that they do that harm our people. the third thing, it brings disclosure to dark markets. the bill eliminates loopholes that allows reckless speculative practices to go unnoticed. and it brings real regulation to the derivatives markets and a shadow banking system that grew up around it. now, these kind of instruments, as they're called, derivatives, they're based on -- let's just take an example of a bunch of mortgages that are packaged togeth

of the bill. under the leadership of representative skelton, the fleet has grown by seven ships since he became chairman to the total of 286. that gets us in the direction, however slowly, of the 313 ships that we wi to have. it also takes -- has some far-reaching steps, one of which is directing the c.n.o., that in the future, in order to grow the fleet, he may only retire two ships for every three ships we commission. i think this is very important language. this is the third in a row who said he wanted 313 ships. but ironically they keep submitting budgets to congress that actually shrink the fleet rather than grow it. i want to thank chairman skelton for working with us on that and my deleegs -- clleaguesn directive langua that keeps those great vessels that would go to someone else's fleet on the our fleet a bit longer. the bill takes many steps to continue the work of the world's greatest navy and the world's greatest marine corps. it authorizes the construction of nonbattle force vessels, wi

so, the bill was almost an inside game. healthcare having been done, this year the senate conducted its bill in full public light and you saw that. the big banks didn't win anything that they should not have won. they were not able to block anything they should not. anything looking for a tkphapbgs that when the public is engaged democracy works well gets it from this bill. look at the contrast. there were a couple of votes on the floor last year with regard to derivatives where i was on the losing side and i believe i would win today because of this. but i will say the older assumptions that the big money gets everything they want it is very hard to see how anybody can look at the process in the senate and not realize informed public opinion working with the senate leadership prevailed. >> did you tell the president you would have a bill before the july 4 recess? >> i believe we would. >> did you tell the president that? >> yes. he is listening now. >> they are going to have a conference and there is no point in getting nat

the bill treated them a little bit differently. it created an independent award within the executive branch th would adjudicate and investigate these matters. said that whistleblowers would not have the same rights to go out with the idea that that would somehow protect the national security secrets better and that would-- was certainly a hard fought with the administration and i greatly respect the committee for making sure that they could get as much of as they could out of that process. but, as lisa said we are in a ght down to try to retain as much of those as possible and particularly coming from, as i did the fbi, where there was an internal system that is wholly inadequate. i thought it is very important we make sure that we reviewed that to ensure that there actually is independent investigation and adjudication so that whistleblowers can actually get an adequate opportunity to have their cases adjudicated. the other thing is lisa mentioned is retaining security clearance protection. in the intelligence community of course y

, in the underlying bill. that doesn't make sense. and the reason it doesn't make sense is that all of these swaps and derivatives transactions, whether interest rates, whether metals or whatever the transaction may be, have to be cleared every day. and the bank needs -- or the swap dealer needs a huge amount of cash in order to clear those trades. if they don't have access to the fed discount window, they're simply not going to be able to access the amount of cash they need to clear these transactions. and the reason they need that cash is to ensure that the parties to that transaction are going to in fact be able to have the assurance that the other party to the transaction is going to be able to live up to its rights and obligations. so if they don't have access to the fed discount window, then they're not going to be able to access that cash that they're going to need to make sure that these transactions are in fact cashed out at the end of every single day. so, mr. president, we're going have one amendment

i will tell the gentleman that it is still my expectation, as chairman levin said, that that bill, the jobs bill with the extenders in it will come forward within the next two weeks. chairman bachus and chairman levin are discussing that bill. i'm hopeful that they will reach agreement and can reach agreement on a bipartisan basis in the house and in the senate, and we are working toward that end. we believe it will be an important bill for business, an important bill for job growth, and an important bill to extend some of those items that as you know, the gentleman, some of them will expire in terms of authorization either by the end of this month or by the second of june. i yield back. mr. cantor: i thank the gentleman for that. i would inquire, further, madam speaker, about the gentleman -- i don't know if i'm asking, madam speaker, whether it's his sense or preference about the length of the extension and whether we can expect or he would expect there will be a one or two-year extension, and i yield. mr. hoyer: well, i prefer we do it for a longer period of time than one year. two

but to get the bill done. so i'm going to be urging the leader to keep us here as long as necessary to have a full debate on this bill. i'm not sure i'll succeed in those requests, but i'm going to make them. and again, given the complexity of this and the interest that members have, if we'll utilize the time rather than sitting here letting quorum calls run on hour after hour, then we'll hear that bellowing that occurs, "i never had a clans to be heard -- a chance to be heard on my amendment. why didn't i have time to be heard?" the answer is going to be, and i'm keeping the record here, all the time we're waiting for someone to debate an amendment. again, if i sound a little frustrated, it's a little too early in the debate to get this frustrated, but i want to express it anyway in advance of the real frustration you may feel later on. with that, mr. president, ... there will be no more votes this evening. i see my colleague from colorado here. i'm going to do the wrap wrap-up here. then i'm going to be allow

of course, bailing out is not the phrase used in the bill. the preferred language there is orderly liquidation." so mr. wallison makes clear -- i won't go on and quote all of his remarks, but he makes clear why he believes that this is a dangerous institutionalization of special privileges for large companies. indeed, i think the dodd amendment signals to creditors they will get a better deal if they -- if they lend to the big regulated firms, and this is what mr. wallison says, they believe they will get a better deal if they lend to the big regulated firms rather than lending to the small competitors, and the bill does this by making it possible for creditors to be fully paid when a too big to fail financial firm is liquidated even though this would not happen in bankruptcy, close quote. mr. wallison hits the nail on the head, i'm afraid. select creditors, those otherwise deemed too big to fail will definitely get a better deal under the back room or the group process of an orderly liquidation in this legislation than they would in bankruptc

yet the bill's use is significantly vague. perhaps an article entitled "to protect consumers to be regulated," which "the new york times" published on april 30th, captured the issue, a review of the consumer protection provisions that accounted for 335 pages of the 1,365 page bill shows the intent of this legislation is not to cover main street businesses. but the ambiguity of some terms like the word significantly leaves the regulations open to broad interpretation. end quote. so, mr. president, accordingly while i believe congress should pursue the providers of abusive and predatory financial products that harm americans, we must be careful not to inadvertently target main street small businesses. given the state of the economy and the plague of small businesses trying to keep their doors open, entrepreneurs have enough to be concerned about. we should not inject more uncertainty on the enterprise with the eight million job losses that we have experienced in this recession and create opportunities for the more than 15 million

the same thing with bills on the floor. the floor. so far we've had 96 filibusters in this congress. that's uncommon. it's becoming a recurring trend. your question is a good one. what happens if the senate and the house move toward more republican membersship? well, it means moreedelay. even less to be done. and that's troubling, because i think there's thing that is definitely need to be done. it will become a compelling issue in the next presidential election. >> do you envision some rules changing? >> i thought we had accomplished that in the beginning of the year with a bipartisan rules change, for example, to eliminate secret holds. this is an old anackism from the old days of the senate when senators used to be very quietly put their numb on a nominee and say, he ain't moving and i don't have to tell you that it's my thurm. we tried to change that. we passed this big reform bill on earmarks and travel and gifts, and secret holds. and it turns out that even though many of those changes have been implemented when it comes to secr

bp should appropriately pay the bill. to prevent this type of incident from ever happening again, i have also worked with other gulf coast senators toointroduce legislation that introduced -- address is two specific areas. the iability cap for the responsibile party and greater prepared this to address future incidents more rapidly. our assistance pact would establish a new liability cap equal to the last four quarters of the rrsponsible parties profits or double the current limit, whichever is greater. the bill would establish much greater reserve requirements for the amount of boom and would effectively capped the llaks like the one currently gushing in the gulf. that would make a killing safer, smarrer, and more reeiable, but not expensive. some in washington have tried to seize upon this real human tragedy in the gulf to advocate for a radical new energy agenda. that only cheapens the loss of those who have lost loved ones. uusolved problem to spring forward with an emotionally charged political agenda. it is wrong.. i

the bill that is now before the senate is a strong bill. for the good work they've done. this bill will hold wall street accountable and puts the consumers in control. it ends taxpayer bailouts. that is going to be underlined, underscored with the amendment that is the first up, that is the boxer amendment, which indicates that in fact is the case. it ends too big to fail. it brings transparency to shadowy markets and i say, madam president, shadowy markets. it was really a revelation to me to read this book. it is a bestseller now, called "the big short" by an author who has written other bestsellers, including -- he wrote the book that was made into a movie that was awarded for an academy award called "the blind side." this book is really good. and it indicates to anyone that reads it the shadowy markets that are now in existence and we're trying to stop. this legislation will stop that. it would bring sunlight and transparency to the shadowy markets where wall street executives make gambles that threaten our entire economy. this legislati

at the end of the bill, insert the following new sections. section 704, no salaries for viewing porn, none of the funds authorized under this act may be used to pay the salary of any individual who has been officially disciplined for violations of subpart g of standards of official -- of ethical conduct, for employees of the executive branch for viewing, downloading or exchanging pornography, including child pornography, on a federal government computer or while performing official federal government duties. section 705, an eligibility for words or grants. none of the funds authorized under this act shall be available to make words to or provide grants for an institution of higher education under this act. if that institution is prevented from receiving funds or contracts or grants for education under section 9 3 of title 10 united states code. section 706, alternative authorizations. notwithstanding sections 212, 402, 611 and 622 in any year following a year in which there is a federal budget deficit, the authorization levels in those sectio

i do not believe the bill would advance the public interest. in particular, the bill is drafted will do nothing to protect workers from from age termination, other forms of discrimination, retaliation or any other unlawful conduct. i say this for three reasons. first, the bill incorrectly asserts the decision by the supreme court of the united states in gross versus f. e. l. financial services eliminate protection for many individuals. the gross decision however does not eliminate protections for victims. before the decision, age discrimination defendants could prevail even when they improperly considered a person's age if they demonstrated that they would have made the same decision or taking the same action for reasons unrelated to age. the court's decision stripped away the so-called same action or same decision defense and therefore deprives entities that engage in age discrimination of this defense. for this reason, since the gross decision issued the federal courts have repeatedly ruled in favor of discrimination plaintiffs and against de

the team. ended up winning. bill: when you come in the city, stop by here and we'll shake hands. >> without a doubt, nice talking to you. bill: wayne ratigan, the police officer on the scene saturday night, and a t-shirt vendor and two other officers helped clear thousands and thousands of people away to make sure they're cleared. we'll talk to pete hoekstra, we want to know how washington is handling this matter now. uma: definitely a hero. bill: nice guy. said he loves the job because he loves to do it. his wife says he's there every day with 100 percent effort. uma: got to love him. that's great. terrific. >>> another big story today, deadly flooding taking place in tennessee, property literally swept away, and it's not over yet. we want you to see these pictures of the flooding, send them to us at you report at foxnews.com, most importantly, don't take any chances, be safe out there when you're sending those pictures to us. uma: welcome back, everybody, a u.s. navy seal facing a court marshal in a case that's spa