therefore, the uninsured securities that are put together by a non-gse securityizers are not as appealing as they were before. there's still uncertainty about and legal framework for securitization in the future. there's a lot of reasons we want a more diversified system. >> does dodd-frank help or hurt the re-entry of the private capital into the market? >> well, i think it's important to create more certainty and we're not the a lot of discussion for example in the federal reserve and other agencies think about risk retention requirements, france, and those have not been specified. it's helpful to get greater clai clarity. it's helpful to get creative clarity about what the long-run mortgage market structure will discussion in this committee about gse reform and about covered bonds and other types of structures, but certnty about wt will go. >> thank you. i go on to another question. thdodd-frank effective date for the volcker rule is justly 21st. we've heard thatthink this is ao complete by that. do you have any plans to phase in implementation of the volcker rule? >> yes. the statute

there is uncertainty about where the housing market is going, there for the uninsured securities put se securitized hours are not as attractive as before. there's still uncertainty about the framework for securitization in the future, so there's a lot of reasons. >> does dodd-frank help or hurt the reentry of private capital into the market? >> i think it's important to create more certainty and we are not there yet. there's still a lot of discussion about risk-retention requirements, for example, which have not been specified. it would be helpful to get greater clarity. i think it also would be helpful to get greater clarity about what the long run housing or mortgage market structure will be. there has been plenty of discussion about gse reform, covered bonds, and other fiscal uncertainties. >> moving on to another question. dodd-frank effective date for the volcker rule is july 21st. we've heard the regulators think this is a daunting task. do you have any plans to phase in implementation of the poker rollbacks >> yes. the statute allows for a two- year transition period we will ce

therefore, the uninsured securities that are put together by non tse -- gse securitized are not as appealing as they were before. there is some uncertainty about the from work -- regulatory and legal framework for securitization in the future. there are a lot of reasons. we would want to have a more diversified system. >> does daud-frank help or hurt the entry of private after will -- private capital into the market? >> it is important to create more certainty, and we are not there yet. there is still discussion -- for example, the federal reserve and others are still discussing a requirement. it would be helpful to get greater clarity. i think it also would be helpful to get greater career -- greater clarity about what the long run mortgage market will be. there has been discussion in this committee about gse reform and covered bonds and other types of structures. there is still a lot of uncertainty about which way that will go. >> thank you. the dodd-frank effective date for the vocal role will be july 21. we have heard that regulators think this is a daunting task to complete by then. do

social security solvent for the future by getting rid of that cap that allows wealthy americans to pay a lower social security tax than working americans and it creates a public option so that uninsured americans can finally get health insurance without dealing with for profit corporations finally the progressive budget takes on corporate corruption corruption of our government by adopting a system of public financing of elections restoring one person one vote democracy when paul ryan was selling his budget last week he told the american people to have a choice of what kind of future they want now that we know what the progressive alternative is which you choose which are just now joins me from our los angeles studios now is a senior fellow at the campaign for america's future richard welcome good to be here great to have you on so on one side we have the paul ryan plan that ends medicare as we know it it pulls the social safety net out working people and makes absolutely no substantial investments in our future and then on the other side we have the progressive plan that preserves and strengthens medicare and social security and makes considerable investments in modernizing our infr

have to recognize is for the 50 million uninsured americans and the many more -- the many individuals in the nonplayer market are facing an enormous risk to their financial security. we have a system in most states such as the sun we could have brought insurance for many years in the minute you get sick you can be dropped or sometimes they can't do that so insurers they find they can trap you. that's $1 million a month. totally legal. we don't have real insurance for people who do not have employer insurance or government insurance. it is a fundamental failure of an economy afloat these hours. it is crazy to put that. this is that. no longer be denied insurance because they're sick or to be kicked out because you're sick and no longer the sick church more than healthy and that to me is the single biggest contribution of this bill. >> it is very helpful. on the area prevention eventually have clinical prevention but we also have community-based intervention which are very important and if you look at the health of the community often times with much more will be doing our community as opposed to just a political intervention, which is built to and is it really mak

security. >> on average, the increase in family premiums just to pay for the uncompensated health costs of the uninsured is more than $1,000. so in effect they're saying we're going to foist the bill on you. not on us. and that's why this really should be a matter of individual responsibility. >> the cost of uncompensated care is less than 2.5% of total health care spending and if you're really worried an't cost shifting look at if -- about cost shifting look at medicare and medicate which are far greater shifters of costst to the people with private insurance. >> reporter: today's session will have two arguments, one mt. morning and one in the afternoon. the first in the morning will focus of course on whether this law can survivor without the individual mandate. the second in the afternoon, well that argument will focus around a portion of the law which calls for expanding the medicaid program. the challenging states, 26 of the states, say that it imposes an unfair burden on the budgets, mike back to you. >> delia goncalves live outside the supreme court so compelling this morning. thanks. >>> keep it

security. >> on average, the increase in family premiums just to pay for the uncompensated health costs of the uninsureds more than $1,000. so in effect they're saying we're going to foist the bill on you. not on us, and that's why this really should be a matter of individual responsibility. >> the cost of uncompensated care is less than 2.5% of total health care spending if you're really worried about cost shifting look at the government programs of medicare and medicaid which are far greater shifters of private costs to those. >> reporter: so late today the question that the justices will examine, can this law still survive without the individual mandate? we'll have answers from both sides coming up at 6:00. andrea back to you. >> all right delia with that update from outside the supreme court building this morning. >>> a septic system bill championed by o'malley has been approved by the state senate. it limits where and how new septic systems can be installed specifically in rural areas. governor o'malley believes the bill will help reduce pollution in the chesapeake bay. the bill now heads to the ho

uninsured. >> romney appeared on the "tonight show" and talked about how he would lower the tax rate for businesses. >>> today republican presidential candidate newt gingrich will speak at georgetown university. he'll talk about privatizing social security to college republicans on that campus. the former speaker of the house is shaking up his campaign, as well. he laid off 1/3 of his staff and replaced his campaign manager in a new strategy heading into the nominating convention. gingrich remains a distant third in the delegate count. >>> the cost of one type of gas is actually dropping like a rock thanks to our mild winter. cnbc's jackie deangelis has the story. good morning. >>> good morning. natural gas prices are at a ten-year low. the decline is due, as you said, in parts to the mild winter in most parts of the country. specifically in the major net gas-consuming regions like the northeast and midwest. record supplies have helped drive prices down nearly 16% just this month. now analysts are saying that the supply glut could push utilities to switch from pricier coal to natural gas to generate power during the summer months. back to you. >> all right. thank you. >>> this week we are letting a very dear friend know how much we appr

uninsured than any district in our country. we still have a lot of work to do but things are getting better. for the last two years, 53,000 children in our district can't lose the security offered by health insurance due to pre-existing conditions. 3,400 seniors saved an average of $540 on prescription drugs. 9,000 young people now have health insurance that they didn't have before the affordable care act. the affordable care act is not perfect but no bill is perfect. the bill before us today is far from perfect. i support the repeal of ipab. i opposed ipab in 2009 when it came up in our committee and markup of the affordable care act. i do not believe a panel of outsiders appointed by the president should take responsibilities for what congress needs to do in making decisions on medicare payment rates. that's part of our job as a member of congress. however, this bill has stepped too far, and i want the opportunity to vote on freestanding ipab repeal but i can't vote on h.r. 5 because it's a bridge too far. thank you. i yield back my time. the chair: the time of the gentleman has expired. the gentleman from michigan. mr. upton: mr. chairman, at this point i yield two m

uninsured women. we serve together on the intelligence committee and she asks some of the most prescient questions. and i've seen her commitment to the f.b.i., to fighting terrorism, and also to cyber security, where she headed a task force for our committee that has resulted in the cyber security legislation, newly pending. finally, she has led the way to strengthen pay equity for women. the lilly le leadbetter fair pay restoration act is the law of the land today because of barbara mikulski's experts. as barb said when we passed the bill -- and i quote -- "i believe that people should be judged solely by their individual skills, competence, unique talents, and nothing else in the workplace. once you get a job because of your skills and talents, you better get equal pay for equal work." or, in a manner that best captures barb's candor, she said -- and i quote -- "women of america, square your shoulders, put on your lipstick, suit up and let's close that wage gap once and for all." to me, that is classic barbara mikulski. let me close with the story. every so often, at barbara's leadership, the senate women get together for dinner. there's no agenda or staff, just republican women, democrat