tv U.S. House of Representatives U.S. House of Representatives CSPAN February 27, 2018 10:59am-12:31pm EST
gm business being there, there were a lot of roads built and sidewalks. you could get anywhere really by walking or riding your bike. there was a lot of driving. the roads are in poor condition in the state of michigan and that's a long story but i think we need to encourage the building of paths for people to walk or fixing the roots of people can safely travel. there is nothing wrong with that. when people see someone walking, they think they have a mental health issue when really, we should be like denmark, modern, extensive infrastructure. people should be encouraged to walk, it's a lifestyle. they have rails. flint has the capacity to do that. >> you can find this online at c-span.org. we leave it now to return live to the floor of the house working today on fighting online sex trafficking and banking legislation.
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e speaker: puuant to clause oru 1 t jrnal stas approved the pledgof alliae will be by e gentleman from montreal, mr. gianfte. -- montan. gianfor mr. gianfortei pledge allegiance to t flag of the unitedtes of ame a to heepublic for which it stdsone naon under god indivisibl witliberty an stice for all. the speaker: d- withot objectionthgentlen from flida, mr. bilirakis, is mr. birakis: thank y, mre. speaker. mr. speaker, i rise today to introduce a constituent, a true american hero, what an honor it is to introduce to chaplain robert vick who currently serves as the american legion national chaplain national chaplain. chaplain vick lives in new port richey, florida, with his wife
of 62 years -- she's parent today as well. together they have four sons, 10 grandchildren, and 16 great grandchildren. in addition to his commitment to his family, the chaplain has a great love for our country and a passion for service. a korean war veteran of the u.s. navy, chaplain vick has a distinguished record of service. he also has been a proud legionnaire since 1983. i am proud to say he is a family friend. saying he feels called to use his ministerial training to help the spiritual needs of other veterans and their family, chaplain vick was appointed chaplain of the american legion last year. even as the u.s. capital prepares in honoring another humble servant of god, the
reverend billy graham tomorrow, i'm proud chaplain vick offered this morning's prayer in the u.s. house. thank you, mr. speaker. i appreciate it and i yield back. the speaker pro tempore: the chair will entertain up to 15 further requests for one-minute speeches on each side of the aisle. for what purpose does the gentleman from montana seek recognition? without objection. mr. gianforte: mr. speaker, i rise today to highlight another example of federal overreach that threatens our montana and western way of life. unclear federal regulations could force millions of americans who recreationally compete in rodeos or participate in other equestryan events to get a commercial driver's license. but these are not folks competing for their livelihoods. in a recent story in the "billings gazette," andy, head conetcovep for the montana state rodeo team said, for the most part around montana i
would say rodeo is a hobby for most people. and yet federal regulations could force these rodeo participants to wait through unnecessary, costly red tape for their hobby. that's why i recently led a letter which is a bipartisan group of 26 colleagues signed to the federal motor carrier safety administration. we urge the department of transportation to clarify how the c.d.l. regulations treat those who participate recreationally in rodeo events. mr. speaker, we must continue reforming, rolling back, and repealing unnecessary regulations to protect our montana and western way of life. thank you, mr. speaker, and i yield back. the speaker pro tempore: for what purpose does the gentlewoman from illinois seek recognition? >> i seek unanimous consent to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection. ms. schakowsky: mr. speaker, today is the anti-hunger day of action, and i rise today to
support the supplemental nutrition assistance program, or snap, which helps feed 40 million americans. we live in the richest country in the world, yet, many americans struggle to get nutritious food to feed their families, including one out of five american children. president trump's budget would worsen the problem by cutting snap by $213 billion over 10 years. the president's proposal would lso replace families' flexible monthly snap benefits with food boxes that contain no fresh produce. it basically puts people on rations. so i ask my republican colleagues -- did you really come to congress to take food out of the mouths of hungry people, hungry children? who are you? ending hunger in america is not a matter of resources. it's a matter of political will. we must invest in our nutrition programs to make sure that no
one's plate goes empty in america, and i yield back. the speaker pro tempore: for what purpose does the gentleman from pennsylvania seek recognition? mr. thompson: request unanimous consent to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection. mr. thompson: thank you, mr. speaker. mr. speaker, the american legion convenes in washington this week for its annual policy conference to meet with federal lawmakers. the american legion was chart ert and incorporated by congress in 1919 as a patriotic veterans' organization devoted to mutual helpfulness. t's the nation's largest wartime veterans' service organization, committed to mentoring youth and sponsorship of wholesome programs in our communities, advocating patriotism and honor, promoting strong national security, and continued devote to service members and veterans. hundreds of local american legion programs and activities strengthen the nation one community at a time. whether it's connecting veterans through sporting programs, honoring fallen
heroes through legion riders, advocating for homeless veterans, the american legion plays a priceless role in creating a sense of community among veterans of all ages and service periods. mr. speaker, i am grateful for the american legion. the legionnaires have a tremendous sense of obligation to their community, their state and their nation. they advocate honestly for veterans in washington, and i look forward to meeting with my local legionnaires later today. thank you, mr. speaker. i yield back the balance of my time. the speaker pro tempore: for what purpose does the gentleman from new york seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection. mr. higgins: mr. speaker, yesterday we unveiled plans for a new state-of-the-art land port of entry at the peace bridge in buffalo, new york. deploying the most advanced detection technology, the gateway of buffalo will improve national security and public safety it will cut wait times for both passenger and commercial vehicles in half. it will greatly improve air
quality in the neighboring community. it will improve asthetics with new l.e.d. lighting, landscaping and public art. this plan will improve our region's growing economic relationship with canada, leveraging $30 billion in commerce and over $200 billion in economic activity, supporting over a million jobs. this plan is long overdue. it's a plan that our community deserves, and a gateway that's worthy of the promise and potential of our future in buffalo and western new york and our relationship, economically and otherwise, with the great country of canada. i yield back. the speaker pro tempore: for what purpose does the gentleman from michigan seek recognition? >> mr. speaker, i seek unanimous consent to address the house for one minute. the speaker pro tempore: without objection. mr. kildee: thank you, mr. speaker. i rise today in the wake of yet another mass shooting in this country. to ask the house of
representatives to summon the courage to actually do something to prevent the next terrible tragedy. last evening we held a moment of silence on this floor. and what i fear is that again that moment of silence will be followed by days of silence by this house, by weeks of silence by this house, by months of silence by this house on the very question of gun violence in this country. and there are things we can do to move past the typical partisan response. the legislation that i and three others crafted, bipartisan legislation to regulate these terrible bump stocks that could have prevented the tragedy in las vegas from being as bad as it is, other things we can do that we agree on. closing the background check loophole. making sure that if you are too dangerous to fly on an airplane
you can't buy a weapon. these are the things that congress ought to take up and that the american people have every right to expect us to act upon. let's do something. i yield back the balance of my time. the speaker pro tempore: for what purpose does the gentlewoman from california seek recognition? >> i ask unanimous consent to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection. ms. lee: thank you, mr. speaker. i rise today to ask speaker ryan for a debate on our endless wars. it's been 16 years since congress first passed the 2001 authorization for the use of military force. at that time, of course, i knew then it was going to be a blank check to encompass conflicts all around the globe and i couldn't vote for it. it's been in use for operations in nijer, somalia, libya and many other countries. it's been used to justify the war against isis which did not exist, of course, when this aumf was first written. simply put, the 2001 aumf has become a blank check for any president to wage war anytime, anywhere without the consent of
congress. 2016, the congressional research service documented 37 times it had been used in an unclassified report. now in 2018, it has increased to 41 times. the constitution is clear. congress, not the white house, is tafpkd with the solemn -- tasked with the solemn responsibility to determine war. it's spiraled out of control. the progressive caucus and the house freedom caucus will be hosting an ad hoc hearing to demand a debate and vote on these ongoing wars. mr. speaker, enough is enough. we need to repeal the 2001 aumf and, yes, give at least eight months while the current one is in place to debate and vote on a new aumf. the speaker pro tempore: for what purpose does the gentlelady from california seek recognition? >> i ask unanimous consent to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection. >> thank you, mr. speaker. how many people must die for congress to act and address the
severe epidemic of gun violence in america? we were devastated by the massacres in newtown, las vegas, orlando, and most recently in parkland, florida. ms. barragan: on the hill today are courageous students from the parkland high school marjory stoneman douglas. they came to washington with one message -- for congress to take action now on gun violence. action doesn't mean holding moments of silence. it doesn't mean tweeting thoughts and prayers. action means passing meaningful legislation, like the overwhelming majority of americans are pleading with us to do. we should start by banning weapons of war like the ar-15 and high-capacity magazines. we should allow the c.d.c. to once again research the causes of gun violence that can be better protect our communities. and we should also act to pass legislation to require universal background checks. yesterday, democrats filed a
motion to force a vote on universal background checks. not a single republican has signed onto the motion. i implore my republican colleagues to sign up, to call for action because inaction means that more people will die and more families will grieve and our students will continue to feel unsafe. i yield back. the speaker pro tempore: for what purpose does the gentleman from georgia seek recognition? >> i ask unanimous consent to address the house for one minute and to revise and extend. the speaker pro tempore: without objection. >> mr. speaker, it's my privilege today to rise to honor the life of america's pastor. last week we mourned the loss of reverend billy graham who passed away at the age of 99 in his beloved home north carolina. as one of the most influential pastors of the 20th century, reverend graham traveled the world to spread the gospel of jesus christ to millions of people. in fact, he preached to more people than anyone who has ever
lived. as a young man, i have very fond memories of my family all coming together to sit in front of the television to watch the reverend graham's crusades. mr. allen: his message of god's love, mercy, forgiveness, justice deeply influenced not only me but also many in our nation's history. today's day and age we desperately need another billy graham to give hope to a deceived, confused, and hopeless populous. reverend graham preached the truth. he lived it and we know that the truth will set us free. but more importantly, billy graham has heard the words from the savior of the world. well done, my good and faithful servant. billy graham will be sorely missed but his memory will live on in the hearts and minds of those millions of people he helped, and as billy graham will say, all glory be to god. .
the speaker pro tempore: for what purpose does the gentlewoman from connecticut seek recognition? without objection. ms. delauro: this is national anti-hunger week. the united states is the richest nation on earth. we're a land of abundance. and yet millions of people in our country go to bed hungry every single night. they are called food insecure, but what it is is that they are hungry. and programs like the food stamp program, the snap program have enjoyed bipartisan support for decades. because great leaders, people like george mcgovern, bob dole, ted it kennedy, jack kennedy, and people like jake javitz say we have a moral obligation to prevent hunger in the united states. what we need to do is strengthen the snap program not sabotage it. this administration's proposal to implement strict work
requirements are a thinly veiled attempt to throw people off the program. the vast majority of snap recipients already work if they can. usda's most recent data shows that work rates have been increasing year after year. the food box proposal is an attack on the dignity of families who have fallen on on ard times. food insecurity affects veterans, working families, children, workers, the unemployed, and seniors. the speaker pro tempore: the gentlelady's time has expired. ms. delauro: it is about supporting our economy. it works for households with children. yield back. the speaker pro tempore: for what purpose does the gentleman from georgia seek recognition? mr. collins: i ask unanimous consent when the house adjourns today it adjourn to meet yield the speaker pro tempore: for what purpose does the gentleman from georgia an 1:30 p.m. on thursday, march 1, march 1. and convene at noon for morning hour debate and 2:00 p.m. for
legislative business. the speaker pro tempore: without objection. mr. collins: mr. speaker, by direction of the committee on rules i call up house resolution 748 and ask for its immediate consideration. the speaker pro tempore: the clerk will report the resolution. the clerk: house calendar number 129, house resolution 734. resolved. resolved, that at any time after adoption of this resolution the speaker may, pursuant to clause 2(b) of rule xviii, declare the house resolved into the committee of the whole house on the state of the union for consideration of the bill, h.r. 1865, to amend the communications act of 1934 to clarify that section 230 of such act does not prohibit the enforcement against providers and users of interactive computer services of federal and state criminal and civil law relating to sexual exploitation of children or sex trafficking, and for other purposes. computer services of federal and state criminal and civil law the first reading of the bill shall be dispensed with. all points of order against consideration of the bill are waived. general debate shall be confined to the bill and shall not exceed one hour equally divided and controlled by the chair and ranking minority member of the
committee on the judiciary. after general debate the bill shall be considered for amendment under the five minute rule. it shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the committee on the judiciary now printed in the bill. the committee amendment in the nature of a substitute shall be considered as read. all points of order against the committee amendment in the nature of a substitute are waived. no amendment to the committee amendment in the nature of a substitute shall be in order except those printed in the report of the committee on rules accompanying this resolution. each such amendment may be offered only in the order printed in the report, may be offered only by a member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question in the house or in the committee of the
whole. all points of order against such amendments are waived. at the conclusion of consideration of the bill for amendment the committee shall rise and report the bill to the house with such amendments as may have been adopted. all points of order against such amendments are waived. any member may demand a separate vote in the house on any amendment adopted in the committee of the whole to the bill or to the committee amendment in the nature of a substitute. the previous question shall be considered as ordered on the bill and amendments thereto to final passage without intervening motion except one motion to recommit with or ithout instructions. the speaker pro tempore: the gentleman from georgia is recognized for one hour. mr. collins: thank you, mr. speaker. for the purpose of debate only i yield the customary 30 minutes to the the gentlewoman from new york, my friend, ms. slaughter. pending which i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. collins: during consideration of this resolution all time is yielded for the purposes of debate only. mr. speaker, i ask unanimous consent that all members may have five legislative days to revise and extend their remarks and include extraneous materials on house resolution 748, currently under consideration. the speaker pro tempore: without objection.
mr. collins: thank you, mr. speaker. i am pleased to bring forward this rule on behalf of the rules committee t. provides for consideration of h.r. 1865, the allow states and victims to fight online sex trafficking act of 2017. the rule provides for one hour of debate with one hour equally controlled by the chair and ranking minority member of the judiciary committee. the rule provides for a motion to recommit. in addition to an amendment offered by the chairman of the judiciary committee, the rule makes in order amendments offered by ms. waters from california and ms. jackson lee from texas. yesterday the rules committee received testimony from numerous members, including marino, ms. sponsor. e, and the the legislation was marked up at the judiciary committee last year. mr. speaker, i cannot think of any crime more debase sponsor. than when one person force as fellow human being in sexual favor. through many pieces of legislation the house has considered this year, we have been fighting to rid our communities of sex traffickers and the anguish they leave in their wake. today we have the opportunity to pass an important piece of
legislation that will further this fight by ensuring that the -- we hold websites that turn a by aiding sex traffickers accountable. mr. speaker, i'd like to thank the committee's hard work on this legislation, but also more importantly i would like to thank the legislation's author for her tireless efforts in championing this bill which extends both compassion and just tuss to trafficking victims. as a result of her efforts, the legislation we consider today will empower law enforcement, states attorney general, and most importantly victims to fight against the sex trade and its predators. mr. speaker, this legislation would give federal, state, and local prosecutors the tools they need to hold websites and operators accountable for supporting the sale of sex trafficking victims it. specifically, it would create a new federal statute with increased penalties for promoting sex trafficking online and amend section 230 to permit state authorities 20 prosecute -- to prosecute operators of trafficking websites for criminal acts. we must also reflect on why this legislation is necessary. section 230, the communications decency act, was created to
ensure websites would not be considered the publishers of and therefore held responsible for the content that originate interested -- with a third party. the statute was never intended to shield websites that profit by creating a marketplace for sexual favor like back page.com from facing the legal consequences of their criminal enterprises. nevertheless, some websites have invoked the section 230 immunity provision despite engaging in actions that venture farout side the scope envisioned by the statute. the authors of the act did not imagine that wicked men and women would turn vulnerable young people into sexual commodities and say let's protect those predators. mr. speaker, no law condones such sexual exploitation and no law should be manipulated. with at-digs of mrs. walters aamendment, it strikes the important balances of preserving section 230 of the commupe case decency act for law-abiding websites while ensuring bad actors can no longer hide behind a misuse statute. this legislation will ensure our society continues to protect the innocent and punish those who
seek to profit this their sexual inslavement. with that, mr. speaker, i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentlelady from new york. ms. slaughter: good morning, mr. speaker. i thank the gentleman for yielding me the customary 30 minutes. and i yield myself such time as i may consume. the speaker pro tempore: the gentlelady is recognized. ms. slaughter: thank you. too often, mr. speaker, our laws pass with the best of intentions. fail to keep pace with technology and that's what we're seeing today. with the communications decency act. the bill was passed in 1996 as congress' first attempt to regulate inappropriate material online. this law prevented hosts of a website from being treated as a ublisher for legal purposes. it's allowed ebay to flourish while be leaguely froasted from third party content posted on their sites. 20 years is an eternity in the digital age and bad actor
websites have created platforms designed to facilitate illegalities like child prostitution and sex trafficking. they use provisions in this law to shield them from any liability. one of the most notorious examples is online advertiser backpage.com. since 2011 more than 20 civil action lawsuits have been brought against this site for willingly facilitating sex trafficking and the prostitution of minors. however, each time a legal action was brought against back page, federal law shielded them from liability. last year "the washington post" reported a contractor for this site was so hitsing and create sex related ads despite back page's repeated insistence that they had no role in the content of their ads. back page's long-standing
federal protections under the communications decency act to shield itself from all liability. in the dough vs. back page ruling by the first circuit, the judges held even if back page had facilitated the crime of sex trafficking, then this law shielded the company from the claims that were filed by the child victims. the first circuit recently reiterated that when it threw out yet another lawsuit against back page. the courts were unable to help these victims it. instead, encouraging them to pursuit legislative changes. and that brings us here today. creates -- 1865 finally a legislative solution to hold these bad actors the courts were unable accountad allow the victims to seek the damages that they deserve. it creates a new offense in the
federal code for websites that if sill tate this criminal activity -- facilitates this criminal activity and gives prosecutors the tools they need to hold them accountable. the bill is the product of a loft great work and i want to thank congresswoman wagner for introducing it. the rules committee last night made in order an amendment from congresswoman walters that substantially strengthens the legislation, and had congresswoman wagner's full support. its inclusion of a bipartisan senate language to drastically improve its implementation. this is language that has the support of both the tech industry and the victims advocacy groups. mr. speaker, it is so nice to see members of both parties, from both sides of the capitol, come together on this. and through collaboration we have crafted a bill that does just more than update a 20-year-old law. it fulfills our moral
responsibility to protect children that we represent. i reserve the balance of my time. the speaker pro tempore: the gentlelady reserves. the gentleman from georgia. mr. collins: thank you, mr. speaker. at this time it is my pleasure to yield as much time as she may consume, the sponsor of this legislation, tireless advocate for this issue, mrs. wagner from missouri. the speaker pro tempore: the gentlelady is recognized for such time she may consufmente mrs. wagner: thank you, mr. speaker. i thank the gentleman for yielding. i love this opportunity to testify on the rule for h.r. 1865, the allow states and victims to fight online sex trafficking, or fosta -- fossa. this legislation has been -- fosta. this legislation has been born out of necessaryity but a labor of love for me since i was first elected to congress over five years ago. the bill is the result of meetings with trafficking survivors across the country who have been victim mized by the online sex -- victimized by the
online sex trade and unable to get justice or relief in our court systems. today's consideration of the bill is an historic achievement, a long awaited clarification from this congress that the businesses that sell our children online can no longer do so with impunity. it is a clear statement that there are serious legal consequences for websites that actively profit from the exploitation of our most vulnerable. it is a wake-up call to america's judicial system making clear that sex 230 of the communications decency act does not pro-- section 230 of the communications kreincy act does not provide immunity to websites actively engaged in modern day slavery. fosta is a recommitment to americans that congress never intended to create a system that allows businesses to commit crimes online that they could
off line. it is in many off line. it is in many ways just a simple statement of the obvious. congress does not believe and did we never, ever believe that rape was a prerequisite of a free and open internet. congress is making congress is making it clear that we will protect our communities and combined with the walters amendment which reinstates victims' centered provision fathers my original bill last april, this legislation is now a guarantee of the fundamental rights of the most vulnerable members of our society. it's a message to the children and victims who have been robbed of their basic dignities that congress hears them and is responding to the injustices that they all have faced. it has not been an easy journey
to get to this point. to find middle ground with tech industry, the victims' advocates, to incorporate the concerns of prosecutors and the law enforcement community, to move this bill through committee and to get both fosta and the walters amendment to the floor today. so i am very grateful for the many, many people who joined my crusade to restore justice to the brave children, women and men across our country who have been sold online. i am grateful to chairman goodlatte and his team for going the extra mile in helping us include a strong new crime that will enable prosecutors to get -- to better target online trafficking and prostitution. i am grateful for the energy and commerce committee and house leadership and their willingness to prioritize this issue. and i must give big thank yous to majority leader mccarthy, our whip scalise and speaker ryan for leading the way in
doing the right thing for america's children. i'm grateful for senators portman and blumenthal, senators cornyn and mccaskill for carrying this on their shoulders and advocating for a solution to allow victims to access the civil remedies that they deserve. and i am grateful for each and bipartisan our 176 co-sponsors, many of whom personally stopped on the floor here to express their concerns about victims of online sex trafficking. and especially i want to mention congresswoman carolyn maloney and congresswoman joyce beatty who fought the good fight on the other side of the aisle for what is truly a landmark bipartisan piece of legislation that is going to save lives. i am also so thankful for my dedicated staff who have point of order their hearts and their minds -- poured their hearts and their minds into this fight in more ways than the public
will ever know. fosta, combined with the walters amendment, will provide better civil justice for victims, more convictions and more predators behind bars. and because of this package, fewer businesses will ever dare to enter the sex trade and fewer victims will be sold into modern day sex slavery. last but most importantly i am in awe and grateful for the contributions of the survivors n this fight to turn fosta and cesta into law. they piece their lives back together alone. that is why i introduced this bill and that's why it must become law. i expect this legislation to sail through the senate and makes its way to the
president's desk so we can put the bad actor websites behind bars, deter others from entering this ecosystem and make sure there are rights and justice for our victims. thanks to you and our colleagues, when we vote today for fosta and the walters amendment, our survivors will know they are not alone and justice will indeed no longer be out of reach. i thank you, mr. speaker, and i yield back the balance of my time. the speaker pro tempore: the gentleman from georgia reserves. the gentlelady from new york. ms. slaughter: mr. speaker, president trump tweeted over the weekend, and i quote, dems are no longer talking daca, end quote. well, mr. speaker, i beg to differ. democrats are still urging our colleagues yet again to act by helping us bring up the dream act for a vote on the house floor. if we defeat the previous question, i will offer an amendment to the rule to bring up h.r. 3440, the dream act.
this bipartisan, bicameral legislation would help hundreds of thousands of young people who are american in every way except on paper. president trump set the official deadline for daca to expire on march 5, so we can't afford to waste any more time and dreamers should not be forced to live in fear any longer. mr. speaker, i ask unanimous consent to insert the text of the amendment in the record along with extraneous material immediately prior to the vote on the previous question. the speaker pro tempore: without objection. ms. slaughter: thank you. and, mr. speaker, to discuss our proposal, i am pleased to yield four minutes to the gentleman from new york, mr. espaillat. the speaker pro tempore: the gentleman is recognized for four minutes. mr. espaillat: thank you, ms. slaughter. thank you, mr. speaker. ending daca will be a nightmare for dreamers. in fact, it will be a nightmare for businesses. a nightmare for america's economy. you would think that the
statement may have been said by the advocates for immigration rights or maybe by some of the faith-based groups that support immigration, but it wasn't. it was said by the u.s. chamber of commerce, mr. speaker. and that is so because daca-eligible workers contribute $1.4 billion in federal taxes, $2 billion in social security taxes, and $470 million in medicare every single year. so this statement that on its face we would think was made by folks that have traditionally supported immigration rights was made by the u.s. chamber of commerce, the one entity that is really concerned about
economic growth, job creation, and the well-being of our economy. ranking member nydia velazquez's report on the end of daca, small businesses found that deporting dreamers will cost $60 billion in reduced economic growth by $280 billion, including $460 billion in economic output over a decade. the s is the impact, dramatic impact not renewing daca. mr. speaker, when we look into the eyes of these dreamers, we just can't say no to them. you can't say no to a young person full of aspirations, full of dreams and still full of so much hope for our nation. even under these very critical times, challenging times for our nation and the world, these
dreamers are full of aspirations. so the question will be, are we a nation of aspirations or a nation of deportation? nearly eight in 10 voters support allowing dreamers to remain permanently in our country. in red states and blue states, in republican majority districts and democratic districts, over 80% of americans feel that these young people should stay in our nation. even 3/4 of trump voters and only 14% believe they should be forced out. only 14% of our nation feels that these young people should be kicked out, thrown out in the cold. only 14%. a very small minority of americans believe that that should be what we do. 91% of daca recipients younger than 25 are employed. there are no burden on our
economy. while those that are over 25 years old have been employed at 93% of daca recipients over 25 years old are working, residents of our nation with an average earning of $36,000. dreamers are students, teachers, health care workers, devoted members of our communities, members of our armed forces, first responders, that's who dreamers are. they are not a load on our country. as we saw in the aftermath of hurricane harvey, it was a dreamer who made food and volunteered to set up beds for thousands of americans who were displaced. jesus contrayas, a paramedic who worked for six days after a hurricane -- contrras, paramedic who worked for six
days after the hurricane. mr. speaker, i ask unanimous . nsent to vote for the motion the speaker pro tempore: the gentleman from georgia. mr. collins: i yield to the gentleman from tennessee, mr. duncan. the speaker pro tempore: the gentleman is recognized. mr. duncan: i rise in support of the bill and the rule. and i thank the gentleman from georgia for yielding me this time. i want to also commend the gentlewoman from missouri for introducing this very important legislation. according to the department of justice, more than half of sex trafficking victims are 17 years old or younger. according to the national center for missing and exploited children, there was an astounding 846% increase from 2010 to 2015 in reports of suspected child sex trafficking. they found this to be, quote, directly correlated to the increased use of the internet
to sell children for sex. this is something i've been concerned about for a long time. before i came to congress, i was a criminal court judge for 7 1/2 years trying felony criminal cases. far too many of those cases involved sexual abuse of minors. i was told my first day as a judge that well over 90% of the defendants in felony cases came from father-absent households. certainly family breakdown has been a major factor, maybe the major factor in almost all serious crimes we have had through the years. but certainly another problem is that we have addicted our children to the computers. now almost everyone is addicted to computers, ipads, ipods and screens of all types. while some technology has been good, it is also in some ways been very harmful to many in our society. in an article entitled "have smartphones destroyed a generation?" psychologist gene wrote in the
atlanta magazine, quote, if you were going to give advice for a happy adolescent based on this survey it will be straightforward, put down the phone, turn off the laptop and do something, anything that does not involve a screen. she wrote that too much time on the internet has caused teenagers to be much more subject to mental problems of all types, even depression and suicide. while this advice pertains to teens, i think it really applies to everyone. even most adults today would be healthier both mentally and physically if they spent less time staring at screens. to date, technology has made many things easier, but unfortunately this includes the crime of child sex trafficking. this is very important legislation, very necessary at this time, and i strongly encourage my colleagues to support this bill. and i yield back the balance of my time. the speaker pro tempore: the gentleman from georgia reserves. the gentlelady from new york. ms. slaughter: mr. speaker, may i inquire of my colleague if he
has further speakers? mr. collins: i was just getting ready to do that with you. at this point i had none. i had one coming but i believe they won't be here. if you're ready to close. ms. slaughter: i'm ready to close. mr. speaker, many of my colleagues today and as well as me have discussed the need to protect america's children. and this bill is a great piece of that and i am very grateful to have it on the floor today. but there is more that we should do. that must include acting to curb the nation's gun violence epidemic. every day in america, 91 people are killed by a gun. since sandy hook there have been close to 1,000 mass shootings. those mass shootings one where three or more people have lost their lives. imagine that. thousands of them. our nation is still mourning the loss of the 17 lives just last week when a gunman using an ar-15 style rifle opened stoneman marjory
douglas high school in parkland, florida. that gun is a weapon of war, should only be in the hands of the military and never on the streets of the united states. assault weapons were the weapon of choice, not just in the florida shooting, but also the mass shootings at the concert in las vegas, the movie theater in aurora, colorado, and the elementary school in sandy hook, connecticut. they were permitted under the assault weapons ban that congress let expire in 2004. and i was here when we established that ban and we saw a great decrease in gun deaths from it. so they should be prohibited today, not in the hands of people who simply want to kill the most people they can in the shortest time. why would we allow an insanity like that? so i was pleased to co-sponsor
legislation this week to reimplement the assault weapons ban. the students of the -- excuse me -- the students of the marjory stoneman douglas are inspiring the entire nation to push congress to do our job and to act on gun violence. will tell you that i understand the pain that everybody feels from all of this, but we can't maintain it. we go from one to the other as though nothing had ever happened before, but we have to also do what the n.r.a. has done is forbid us from doing ny kind of gun research at the communicable center. that should be lifted -- disease center. that should be lifted. keeping people on the terrorist watch list and no fly list from being able to purchase firearms, exemployeeses seems
to be a -- explosives seems to be a no-brainer but we won't do that. and reinstating our weapons ban, again, i think is critically important. perhaps the voices of those injured and grieving children can break the gun lobby strangle hold on congress. i hope so. the majority should heed their call because we as members of congress are in a unique position. unlike the clerky or grief counselors or -- clergy or grief counselors or elected officials, we can actually do something to combat this violence, and it certainly is, mr. speaker, past time that we do, and i yield back the balance of my time. . the speaker pro tempore: the gentleman from georgia. mr. collins: as a member of the judiciary committee i'm proud to support this bill that allows states and victims to fight online sex trafficking act of 2017. with this legislation we'll prevent websites like back page from hiding behind section 230 while simultaneously empowering
law enforcement, states attorneys generals. i look forward to supporting this rule and underlying bill. i yield back the balance of my time. i move the previous question. the speaker pro tempore: the question is on ordering the previous question on the resolution. so many as are in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. the gentlelady from new york. ms. slaughter: i request the yeas and nays. the speaker pro tempore: yeas and nays are requested. those in favor of taking this vote by the yeas and nays will rise. a sufficient number having arisen, the yeas and nays are ordered. pursuant to clause 8 of rule 20, further proceedings on this uestion will be postponed.
the speaker pro tempore: for what purpose does the gentleman from colorado seek recognition? >> by direction of the committee on rules i call up house resolution 747 and ask for its immediate consideration. search the clerk will report the resolution. the clerk: house calendar number 128. 747. resolution resolved, that upon adoption of this resolution it shall be in order to consider in the house the bill h.r. 4296, to place requirements on operational risk capital 747. resolved, that upon adoption reg organizations, established by and appropriate federal banking agency. all points of order against consideration of the bill are waived. in lieu of the amendment in the nature of a substitute recommended by the committee on financial services now printed in the bill, an amendment in the nature of a substitute consisting of the text of rules committee print 115-60, modified by the amendment printed in part a of the report of the committee on rules accompanying this resolution, shall be considered as adopted. the bill, as amended, shall be considered as read.
all points of order against provisions in the bill, as amended, are waived. the previous question shall be considered as ordered on the bill, as amended, and on any further amendment thereto, to final passage without intervening motion except: (1) one hour of debate equally divided and controlled by the chair and ranking minority member of the committee on financial services; and (2) one motion to recommit with or without instructions. section 2. upon adoption of this resolution it shall be in order to consider in the house the bill h.r. 4607 to amend the economic growth and regulatory paperwork reduction act of 1996 to ensure that federal financial regulators perform a comprehensive review of regulations to identify outdated or otherwise unnecessary regulatory requirements imposed on covered persons, and for other purposes. all points of order against consideration of the bill are waived. an amendment in the nature of a substitute consisting of the text of rules committee print 115-61, modified by the
amendment printed in part b of the report of the committee on rules accompanying this resolution, shall be considered as adopted. the bill, as amended, shall be considered as read. all points of order against provisions in the bill, as amended, are waived. the previous question shall be considered as ordered on the bill, as amended, and on any further amendment thereto, to final passage without intervening motion except: (1) one hour of debate equally divided and controlled by the chair and ranking minority member of the committee on financial services; and (2) one motion to recommit with or ithout instructions. the speaker pro tempore: the gentleman from colorado is recognized for one hour. mr. buck: thank you, mr. speaker. for the purposes of debate only, i yield the customary 30 minutes to my friend, the gentleman from massachusetts, mr. mcgovern. pending which i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. burke: during consideration of this resolution, all time yielded is for the purpose of debate only. mr. speaker, i ask unanimous consent that all members may have five legislative days to revise and extend their remarks.
the speaker pro tempore: without objection. mr. buck: i rise today in support of the rule and the underlying legislation. just three weeks ago we host add small lender in my district office who was being hindered in his efforts to serve home buyers in eastern colorado. why? because washington in its unyielding effort to regulate every decision of americans lumped this lender into a broader regulation that came out of the housing crisis 10 years ago. this isn't some theoretical exercise. these regulations have real coloradoans. the last coloradoans. the last time i was on the floor debating these issues i discussed the affordable housing situation in colorado. without completely recounting that debate, i want to reiterate the basics facts. from 20 2009 to 2016 colorado had a net increase of 600,000 people n that same time housing costs skyrocketed by more than 57%. since 2016, our growth has begun to fall off considerably. when the "denver post" research, state a high quality of life and
decades more growth potential had a dramatically slowing growth rate, they found in a substantial part of it had to do with rising housing costs. we must reconsider our washington knows best regulatory pproach. here in washington can't possibly know what is the best for potential home buyer in fort morgan or castle rock, here in washington can't colora. i'm tired of the arrogance of washington telling us in eastern colorado which banks we can and can't use to it finance our mortgages. it is time that we bring financial accountability to the place that needs it most. washington. that's what these two financial bills do. they return power to the american people. they reduce unnecessary regulations on small community banks and credit unions, thereby freeing up capital, the small businesses and employers can access to create new jobs. they make commonsense changes to federal law so regulators have to routinely review their regulations to ensure that the regulations are not overly burdensome. eastern coloradoans are frustrated with the washington
knows best mindset of their government. i'm listening to them. i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from massachusetts. mr. mcgovern: thank you, mr. speaker. mr. speaker, i want to thank the gentleman from colorado, mr. buck, for the customary 30 minutes. i ask unanimous consent to revise and extend. i yield myself such time as i may consume. the speaker pro tempore: the gentleman virginia tech. mr. mcgovern: mr. speaker -- the gentleman is recognized. mr. mcgovern: i rise in support of this resolution which combines two bills from the house financial services ommittee, h.r. 460 and h.r. 4296, legislation to undercut operational risk capital requirements under a completely closed process. these are the 66 and 67th closed this -- of this congress, mr. speaker. and i am deeply concerned with the republican leadership's total lack of consideration for regular order. for all intents and purposes, regular order is dead in this congress.
we consider one closed rule after another after another after another. and republicans routinely rush bills to the floor without even holding hearings on the underlying legislation to help members bert understand the impacts of these bills and benefit from expert witnesses. what is especially shameful about the process today, mr. speaker, is the fact that there were amendments submitted, but republicans decided to self-execute these nongermane amendments with no debate or discussion on the house floor. to shut down the ability of members to offer additional amendments. this is just bad legislating plain and simple. and i hope that if november turns out the way i hope it does, and we have a change in leadership in this congress, that when democrats are in charge that we run this place like professionals. like adults. where we respect all points of view. where we go back to regular order and we say we're going to
go back to regular order and mean it. why are we doing it all this, mr. speaker? what is possibly so urgent that we have to throw regular order out the window? today we are considering another two pieces of deregulatory legislation that will benefit big banks at the expense of financial stability to our economy and consumer protections that help everyday families. h.r. 4607 h.r. 4607 would create a lopsided approach to implementing regulation that is forces agencies to consider the costs of regulations on bankers without considering the benefit to consumers. h.r. 4296 would undermine the ability of regulators to establish operational risk capital requirements. to protect our economy from another crisis. mr. speaker, this is unacceptable. our constituents expect congress to put them first. not the big banks. especially the big banks that wrecked our economy and endangered the life savings of millions of families.
we owe it to them to bring to the floor legislation that will help their lives and will make our country better. but sadly, mr. speaker, this congress has failed to act on meaningful legislation that will do anything like that. mr. speaker, today marks nearly two weeks since 17 people, including 14 students, were gunned down at marjory stoneman douglas high school in parkland, florida. this was one of the worst shootings our country has ever seen. it was the eighth school shooting this year. it's only february. yet republicans in congress have not lifted a finger to take up bipartisan gun reform legislation that would help to prevent shootings like these and protect our kids. instead we're here considering a bill that will only help the already rich and powerful. is is shameful, absolutely
shameful, mr. speaker. the gun violence archive, a nonprofit that monitors gun violence, since 2014 there have been over 1,360 mass shootings in america. in 2018 alone, less than two months, there have been over th archive, a nonprofit that monitors gun 400 teens, age 12 through 17, and 90 children under the age of 11 killed or injured by guns. yet the majority in this house even refuses to bring to the floor legislation banning bump stocks. a reform agreed upon by both sides of the aisle, i thought. the n.r.a. has even said, i quote, devices design to allow semiautomatic rifles to function like fully automatic should be subject to additional regulations. end quote. i don't know if they meant it but they said t president trump tweeted, i quote, i will be strongly pushing comprehensive background checks with an emphasis on mental health, raise
age to 21, and end sale of bump stocks, exclamation point. congress is in the mood to timely do something on this issue. i hope, exclamation point. end of quote. now it is true that we have a president who is so erratic he changes his mind from hour to the next. but so far i haven't seen a retraction tweet. so we -- i have every reason to believe he's still standing by his commitment to supporting these modest gun safety reforms. yet here we're just days after this horrific mass shooting and not one single gun reform, gun safety bill is being voted on or even scheduled for a vote. i am furious that in the face of such tragedy and such senseless violence that this congress continues to do nothing. not a thing, to protect our kids and families and our communities. students from amherst regional
middle school in my district in massachusetts sent me a letter last week that every republican in congress should read. and they write, and i quote, 17 innocent people lost their lives. that scares us. it scares us that kids have to go to school wondering if they are next. that we even have to think that the next time we see some of our classmates or teachers may be in their open caskets. what scares us most of all is that our government fails to do anything to change this. they continue. they are gone because our country doesn't care enough to have better gun control. and we will not stop fighting until they get their justice. we're writing this letter because we want to personally ask each and every one of our politicians, how many more killings must we bear before the changed? our country is no longer safe,
not in school, church, concerts, parties, or even public meeting areas. please choose to do changed? our country is no longer safe, not in something. all of our lives depend on your actions, end quote. mr. speaker, i ask unanimous consent to insert their letter in the record. the speaker pro tempore: without objection. mr. mcgovern: can i not say it bert than these students -- i cannot say it better than these students, mr. speaker. these were young people writing to congress begging us to do something to end violence. they are young people who want a better fuhr. i would ask my republican friends, are you -- future. i would ask my republican friends are you so beholden to the national rifle association you could possibly turn your backs on our country's young people? 80% of americans support ban on assault-style weapons like the ones used in the florida school shooting, and 90% support tougher background checks. these are commonsense reforms that have overwhelming support from the american people. they should be a bipartisan issue that we can come together on, but i would say even if you don't want to support what i
think is commonsense legislation and commonsense reform, understand that the majority of people in this country do support this and at least bring these bills to the floor so that we can have a debate and that people can vote however they want to vote. so i urge my colleagues to oppose this rule and these terrible bills that help big banks and put consumers in our country at risk and do absolutely nothing to address the real priorities that we should be tackling. it is long past time for congress to finally do something to stop these horrific mass shootings that are taking the lives of our kids and our families. mr. speaker, we could have just as easily spent this afternoon debating and approving one or more of any of the gun safety and gun reform measures that have bipartisan support. we could have shown high school and elementary students, our children, mr. speaker, that we heard them, that we care about them, and that we're starting to take action. instead, we're debating these
worthless bills to help big banks and continuing to ignore our children's suffering. shame on this congress, mr. speaker. shame on all of us. i reserve my time. the speaker pro tempore: the gentleman from massachusetts reserves. the gentleman from colorado is recognized. mr. buck: mr. speaker, i yield five minutes to my friend, the gentleman from georgia, mr. loudermilk, a member of the financial institutions and consumer credit subcommittee. the speaker pro tempore: the gentleman from georgia is recognized. mr. loudermilk: thank you, mr. speaker. i thank my friend and colleague from colorado for yielding me this time to speak on this rule. i have to admit i was a little confused when i walked in based on what i was hearing on the other side of what bill we were actually discussing. let me say this, mr. speaker, before i get into why i'm rising today in support of these important bills that have bipartisan support. being someone that's been on the receiving end of being shot at, we have to focus on how do we make our children safe. and i think everybody in this
chamber is deeply, deeply concerned on that. and we have to assume the next shooter is there and he already has a weapon. and the actions that we take must be focused clearly on how do we make these children safe. i don't think there's any person in this chamber that would disagree with that, especially i know on our side of the aisle. so we are committed to that. but today we're here speaking on a rule that is very important for two bills that we're bringing up. and i rise in support of not only my bill, the comprehensive regulate review act, but also my colleague, from luetkemeyer's bill, which we're also discussing here. this week the house is continuing to take up strongly bipartisan bills from the financial services committee. the committee has passed so far, mr. speaker, -- the committee has passed 91 bills in this congress, and we have taken our remarkable
productivity to the floor by passing 36 bills out of this chamber, and six of them have been signed into law. my bill, which we are beginning to debate here today, is another strongly bipartisan bill which will provide regulate relief for financial institutions and increase access to capital and credit for businesses and consumers. mr. speaker, there is a historical trend for the government to overregulate after an economic recession. the recovery from the financial crisis of 2008 to 2009 was weak and slow for many reasons. not least of which was overregulation of the financial sector by the dodd-frank act and the previous administration. some would argue there is also a trend to underregulate during good economic times, like we are living in now. some say that the regulate relief legislation that we passed out of the financial services committee will lead to abuses by big banks and other financial institutions and
cause another financial crisis. but these bills will not cause the government to underregulate banks and credit unions. they will simply implement smart regulation. in other words, these bills do not gut or eliminate regulation. they right size regulation and make it more efficient. back in 1996 congress did a good thing by passing the economic growth and regulate paperwork reduction act, or as egrepa. t, it requires regulate agencies to go back once a decade and review their regulations to identify those that may be outdated, unnecessary or overly burdensome. and then they are to send a report to congress. it also requires the agencies to eliminate regulation ifs they determine they are inappropriate. make -- regulations if they determine they are inappropriate. this is a very valuable tool but regulate reviews have been viewed as merely as a check the
box exercise by these agencies and in the financial sector. many believe the two reports which were released in 2007 and then a decade later in 2017 were lackluster and could have produced more useful recommendations to policymakers and under the current law it will be another decade before we could actually look at those regulations again. it could also result in more action from the regulators to clean up outdated and unnecessary rules. that's why it's important for congress to review this and revitalize this law. my bill contains several reviews to the process that will breathe new life into the law and make sure it's not simply a check the box exercise for regulators. this bill will require more frequent regulate reviews by removing -- moving the review cycle from 10 to seven years. it will expand it to include all regulated financial institutions instead of the only insured depository
institutions. it will include the cfpb and the bill will also codify the national credit union administration into it since the ncua participated in latest review voluntarily. it will require the cfpb to use its findings in the dodd-frank regulate reviews and the reports so the cfpb does not waste time on rules it's already reviewed. this bill will require the agencies to tailor rules they find to be unnecessary, outdated or overly burdensome based on the size and risk profile of the bank or credit union. that is the regulators making the determination. not the banks and not the institutions. mr. buck: i yield one more minute to the gentleman from georgia. the speaker pro tempore: the gentleman is recognized for one minute. mr. loudermilk: thank you, mr. speaker. i am wrapping up. this bill passed out of committee with a strong bipartisan vote of more than 2/3 of the committee members including all republicans and eight democrats.
i urge my colleagues to support the rule and the underlying bills and i yield back. the speaker pro tempore: the gentleman from colorado reserves. the gentleman from massachusetts is recognized. mr. mcgovern: mr. speaker, with all due respect to my colleagues, and let's be honest, the two bills that we're debating today are nothingburgers. you know, i just figured this out. in the rules committee we have spent 43% of the bills that have come before the rules committee have been financial service-related bills. mostly to undercut dodd-frank and to reward big banks and powerful special interests but we could debate that. no matter what you think about most of this legislation, most i think has been destructive to our economy or it doesn't add up to very much of anything, but no matter what you think of it, and we can say banking issues are important, but they're not as important as
protecting our kids. 43% of the bills that have come before the rules committee have basically been attempts to reward big corporations and big financial institutions in this country. we have spent zero time, 0% of our time discussing legislation to ban bump stocks. we have spent 0% of our time in the rules committee considering legislation to strengthen and expand universal background checks. we have spent 0% of the time debating a bill to ban assault weapons. we have spent 0% of our time discussing how we can restrict high-capacity magazines. i could go on and on and on. we have spent 0% of our time on the issue of guns, notwithstanding we are seeing massacres occur on a regular basis in our country. here's something wrong here.
. we have the time, and if this were a priority we would be talking about some of this commonsense gun legislation today rather than, as i said, these nothingburgers that are now before us. mr. speaker, less than two weeks ago a gunman walked into a school in parkland, florida, and gunned down 17 students and teachers. unfortunately, senseless acts of violence like that one are far too common. according to every town for gun safety, every day 96 americans are killed with guns and every year there are 13,000 gun homicides in the united states. with this most recent tragedy in parkland, americans have stood up and said enough is enough. we have all been inspired by these eloquent and passionate voices of these young students from florida who have -- had the guts to stand up and speak truth to power. but mr. speaker, according to a
poll last week, over 90% of americans are in favor of universal background checks for gun purchases. according to a cnn poll from yesterday, over 70% are in favor of stricter gun control laws generally. the american people are clamoring for action on this issue. and we have yet to do anything about it. not one thing. as i mentioned, all of our time has been spent mostly on legislation to help the well-off and the powerful in this country. we have not spent any time at all talking about this issue of guns which are killing our kids. but today my republican colleagues have an opportunity to put the safety of our children over the power of the gun lobby. i want to ask my colleagues to defeat the previous question and if we defeat the breff question i will offer -- previous question i will offer h.r. 3240, the public safety and second amendment rights protection act, h.r. 3464, the background check completion act, and h.r. 2598, the gun
violence restraining order act. these bills will close the dangerous gun show and internet sale background check loopholes, prevent the sale of guns without a completed background check, and ensure that people who are a danger to themselves or others can be prevented from purchasing or possessing a gun. mr. speaker, i ask unanimous consent to insert the text of my amendment in the record along with extraneous material immediately prior to the vote on the previous question. the speaker pro tempore: without objection. mr. mcgovern: and to discuss our proposal i'd like to yield three minutes to the gentleman from california, mr. thompson. the speaker pro tempore: the gentleman from california is recognized for three minutes. mr. thompson: i thank the gentleman for yielding. and i ask my good friend from massachusetts in the revision of his remarks if he wouldn't just clear up one point. he had mentioned this congress has not done anything in regard to gun violence prevention. while true, it's not completely accurate. the fact of the matter is this
congress is controlled by the republican party. the republican party determines what bills go for a hearing, what bills come up for a vote. so the fact is this is a republican problem. they're the ones that are stopping commonsense gun violent prevention legislation from coming up for a vote to make the american people more safe. and mr. speaker, there are many important bills that this house could be considering. but none more important than legislation that would save lives and prevent gun violence. there's no single bill nor policy that will end gun violence in america, but we do know that background checks work. every day background checks stop more than 170 felons, some 50 domestic abusers and nearly 20 fugitives from buying a gun. unfortunately, those folks who
are blocked from buying a gun from a licensed dealer can go around the block, around the corner, or down the street to a gun show or to an online site and get a gun, oftentimes the same gun, without having to go through a background check. there's a reason that 97% of americans want to expand and strengthen our background check system. even the president has come out and said that he's in support of this. i can't think of many things that americans agree on 90% of the time. but they do so on background checks. and we have a bipartisan bill ready to go. h.r. 4240, both democrats and republicans co-authoring that bill, the public safety and second amendment rights protection act, that would help get more records into the ncis
system and will expand background checks to all commercial sales. we shouldn't have to wait for another mass shooting, we shouldn't have to wait for the 44th moment of silence. let's act now. oppose the previous question and give us a vote on h.r. 4240. how many more people have to die before members of this body will muster the courage to bring background check legislation that will help to the floor of this house for a vote? i yield back the balance of my time. . the speaker pro tempore: the gentleman from colorado is recognized. >> mr. speaker, i yield five minutes to the chairman of the financial institutions and consumer credit subcommittee, the gentleman from missouri, mr. luetkemeyer. the speaker pro tempore: the gentleman from missouri is recognized. mr. luetkemeyer: thank you, mr. speaker. i appreciate the opportunity to be with you this afternoon. i thank the gentleman for yielding. mr. speaker, i rise in support of the rule, combined rule, for
h.r. 4296, my bill, that addresses difficulties with operational risk capital requirements imposed on financial institutions, and h.r. 4607, the comprehensive regulatory review act. both these bills are commonsense reforms to regulation that will improve the efficiency of our financial system. my legislation, h.r. 4296, will replace misguided standards imposed by the international standard setters. the committee requires u.s. institutions to hold excessive capital based on a look-back approach of an organization's risks, previous earnings, and other provisions that provide no indication of future risks. the methodology employed by this international body has forced our banks to hold hundreds of billions of dollars in reserve rather than putting the money to work in the form of loans and investments. that's money that could be used to fund mortgage loans, car loans, and other day to day financing for american consumers. i recognize the importance of our nation's financial institutions to hold capital in
the event of a future crisis or distress. and h.r. 4296 maintains those apital requirements. it's important to have adequate capital to guard against loss. but there is a sweet spot that needs to be attained and regulators can do that, if you have proper regulation in place. what this bill does is amend the method by which the reserve capital is calculated by folks in be a organization's current business activities -- folks in an organization's current business activities. the methods-based approach calibrates operational capital requirements. it main trains strong and financial healthy institutions while unshackling billions of dollars for lending purposes. the second bill we're discussing here today provides another opportunity to advance a more practical approach to regulation. h.r. 4607, the comprehensive regulatory review act, sponsored by mr. loudermilk of georgia,
offers a holistic approach. this bill requires all financial -- federal financial agencies, including a cfpb, and national credit union association, to participate in the economic growth and regulatory paperwork reduction act or ripa. comprehensive review of rules and regulations. the purpose of the review is to make sure standards are maintained to promote safety and soundness. additionally, 4607 requires the agencies to meet every seven years for a comprehensive regulatory evaluation. as opposed to current 10-year psych until statute. i'm hard-pressed to think of a less controversial bill than this one, requiring regulators to review the impact of their actions on a more frequent basis is a simple and straight forward way to -- straightforward way to improve efficiency. these bills have garnered bipartisan support, mr. speaker, because they are practical solutions that will properly guide supervisors to enforce more effective regulation.
the result of these modest bills -- it will promote a vibrant and open economy that works for the american people. with that, mr. speaker, i hope my colleagues will join me in supporting this rule and the underlying bills and i yield back the balance of my time. the speaker pro tempore: the gentleman from colorado reembs -- reserves. the gentleman from massachusetts is recognized. >> i inquire if the gentleman from colorado, if he had has any more speakers on his side? mr. buck: i'm prepared to close. mr. mcgovern: mr. speaker, i yield myself the remaining time. the speaker pro tempore: the gentleman is recognized. mr. mcgovern: mr. speaker, i want to repeat what i said at the outset. that the rule we're considering would make in order two financial services bills that i think amount to nothing burgers. exceptionaly compared to what we should be doing -- especially compared to what we should be doing when it comes to protecting our communities and kids from gun violence. that should take priority over this. we have young people from florida here going door to door,
talking to members of congress and members of the senate, begging us to do something. and what are we going to consider? we're going to consider the comprehensive regulatory review act. and then we're going to consider the operational risk capital requirements for banking organizations. i did a couple of town hall meetings over the weekend and i could tell my colleagues, truthfully, that nobody, nobody in the audience asked a question about the operational risk capital requirements for banking organizations. nor did they bring up the need for us to rush ahead and pass the comprehensive regulatory review act. but they did ask what we're doing to protect their kids. and to protect our schools. we are living in a time when parents have to wonder when they send their kids to school in the morning whether they will come back. alive.
we're living in a time when going to the movie theater is a risk. when going to a concert is a risk. hen going to church is a risk. i mean, this is unacceptable. and people have had it. and i would say to my colleagues who are beholden to the national rifle association, i get it. and if you don't want to stand up to them, that's fine. but don't stand in the way of this house having a debate on these issues and having a vote. let the american people see where everybody stands. democrats and republicans alike. i mean, it is unbelievable to me that in the aftermath of this tragedy that we are here talking about the operational risk capital requirements for banking
organizations. when we should be talking about strengthening our background checks, expanding our background checks. when we should be talking about banning bump stocks. when we should be talking about dealing with high capacity magazines. when we should be talking about banning assault weapons. people don't have to vote for those things if they don't want. to but i think that's what the american people want -- want to. but i think that's what the american people want. you see it in the polling da at it. i hear it when i go -- data. i hear it when i go home and talk to town halls. people are just frustrated that we're doing nothing. yeah, we do hold moments of silence. and that's about it. and i think some in the n.r.a. are hoping that this is kind of business as usual. that we'll have this terrible tragedy and then as time goes on people will focus less and less on it. the media will focus less and less on it. and we'll kind of move on. i remember in the aftermath of
the las vegas shooting, there was talk about banning bump stocks. the president said he thought that was a good idea. even the n.r.a. did. time went on. the focus went off of what happened in las vegas. and we did nothing. so, maybe that's what some of my colleagues are hoping for. is that time will pass and we'll do nothing. but it's such an abrogation of our duty and our responsibility and i just don't get it. don't get it. so, you know, this is another closed rule. makes a mockery of regular order. but what is even more disturbing to me is that we are prioritizing banking issues over protecting our kids and our families. and i just find that
unconscionable. and i think the anger in this country is just growing more and more and more. i have great hope that these young voices, not just those from parkland, florida, but high school students all across this country, who want a future where they don't have to worry about going to school, their voices are getting louder and louder and louder and they're not going to cave. and they're going to demand change. it's their future. and they want us to give them a future where they feel safer and more protected. and so i ask my colleagues to defeat the previous question so we can bring up some commonsense gun safety legislation. again, if you don't want to vote for it, you can vote no. but we ought to have the debate. and i think that's what's particularly insulting to so many people across this country who are frustrated with this
house. when it comes to gun safety legislation. is that we don't even have the guts to have a debate. we don't even bring it up. it's not a priority. and i think we have an opportunity now, if we defeat the previous question, to make it a priority. and so with that, mr. speaker, i would urge a no vote on the previous question, a no vote on the rule. and i yield back the balance of my time. the speaker pro tempore: the gentleman from massachusetts yields back. the gentleman from colorado is recognized. mr. buck: thank you, mr. speaker. i want to close debate today by reviewing a few basic truths. in the aftermath of the financial meltdown last decade, washington embarked on a campaign to reduce the power of wall street over americans. in typical washington fashion, we instead got a monstrosity of a new regulatory infrastructure that has all but snuffed out main street lenders. the plan to reduce wall street's influence actually increased it. this house, not the senate, because the senate has refused to act, but this house listened
to the american people and passed the financial choice act. instead of embarking on a campaign that hurt american people and propped up wall street, we set out with one goal. increase the financial freedom of americans. and we did that. we passed a bill that would make substantive changes to our financial regulations, to the betterment of americans. these bills before us today continue on that path. they recognize that this government should work for all americans, not just those who can afford political connections. eastern coloradans should know that i serve them and them alone, as long as i have this responsibility to represent them, i will work to reduce washington's role in their life. i thank chairman hensarling for his leadership on the financial choice act and these bills. i hope that he will remain engaged in this effort as he commences the next chapter in his life at the end of this congress. i thank chairman sessions for his leadership in bringing this debate to the floor today. we must never yield in putting americans first in our public
policy. i urge passage of the rule and the understood underlying bill. i -- and the underlying bill. i yield back the balance of my time and move the question on the resolution. the speaker pro tempore: the question is on ordering the previous question on the resolution. those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. mr. mcgovern: mr. speaker. the speaker pro tempore: the gentleman from massachusetts is recognized. mr. mcgovern: on that i ask the yeas and nays. the speaker pro tempore: the yeas and nays are requested. all those in favor of taking this vote by the yeas and nays will rise and remain standing until counted. a sufficient number having arisen, the yeas and nays are ordered. pursuant to clause 8 of rule 20, further proceedings on this question will be postponed. the chair lays before the house a communication. the clerk: the honorable the speaker, house of representatives. sir, pursuant to the permission granted in clause 2-h of rule 2 of the rules of the u.s. house of representatives, the clerk received the following message from the secretary of the senate on february 27, 2018, at 9:24
>> the house going out for a moment before they do take up votes. considering several bills. including allowing prosecutors to use sex trafficking and prosecution laws to prosecute sex traffickers on the internet. also today, legislation allowing utilities to report payment records to credit bureaus that provide credit ratings and other information to lenders.
we'll bring you back to the floor of the house as soon as they return for votes. expecting that to happen shortly. until then, some of today's "washington journal." announcer:" continues. host: john faso is from new york my one of 19 republicans pushing speaker ryan to schedule a vote on a bill to strengthen the federal background check system in the wake of that valentine's day school shooting in florida. congressman, remind us what the six -- act is. gaps: intended to correct in the system, you remember the shooting in the church in texas. that was by a dishonorably discharged air force veteran,
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