[Congressional Record Volume 140, Number 13 (Thursday, February 10, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]
[Congressional Record: February 10, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]
MOTION TO INSTRUCT CONFEREES ON H.R. 3759, EMERGENCY SUPPLEMENTAL
APPROPRIATIONS FISCAL YEAR 1994
Mr. McDADE. Mr. Speaker, I offer a motion to instruct conferees on
H.R. 3759.
The Clerk read as follows:
Mr. McDade moves that the managers on the part of the
House, at the conference on the disagreeing votes of the two
Houses on H.R. 3759, be instructed to agree to the D'Amato
amendment number 1442 as modified, as adopted by the Senate.
On vote number 36, as follows:
SEC. . Extension of RTC Civil Statute of Limitations.
``Section 21A(b)(14)(C) of the Federal Home Loan Bank Act
(12 U.S.C. 1441a(b)(14)(C) is amended by striking clause (i)
and inserting in lieu thereof the following:
``(i) the period beginning on the date the claim accrues
(as determined pursuant to section 11(d)(14)(B) of the
Federal Deposit Insurance Act) and ending on December 31,
1995; or ending on the date of the termination of the
corporation pursuant to section 21A(m)(1), whichever is
later; or.''
Mr. McDADE (during the reading). Mr. Speaker, I ask unanimous consent
that the motion to instruct conferees be considered as read and printed
in the Record.
The SPEAKER pro tempore. Is there objection to the request of the
gentleman from Pennsylvania?
Mr. GONZALEZ. Mr. Speaker, I object.
The SPEAKER pro tempore. Objection is heard.
The Clerk will continue to read the motion to instruct.
The Clerk concluded the reading of the motion to instruct conferees.
The SPEAKER pro tempore. The gentleman from Pennsylvania [Mr. McDade]
will be recognized for 30 minutes, and the gentleman from Iowa [Mr.
Smith] will be recognized for 30 minutes.
The Chair recognizes the gentleman from Pennsylvania [Mr. McDade].
(Mr. McDade asked and was given permission to revise and extend his
remarks.)
Mr. McDADE. Mr. Speaker, I yield myself such time as I may consume.
I know the hour is late. Members have all kinds of travel plans. All
this does is express the will of the body that we do what the Senate
did unanimously, 96-nothing, in extending the statute of limitations
for civil matters with respect to the RTC, FDIC and FSLIC. It was
unanimous in the other body. I would suggest that it can be done in
this body by a unanimous vote, and I hope that we will do so promptly.
Mr. Speaker, I reserve the balance of my time.
Mr. SMITH of Iowa. Mr. Speaker, I yield myself such time as I may
consume.
This amendment passed, as the gentleman said, unanimously in the
Senate. I do not know of any need to have an extended discussion at
this time, and reserve the balance of my time.
Mr. McDADE. Mr. Speaker, I yield such time as he may consume to the
distinguished gentleman from Iowa [Mr. Leach].
Mr. LEACH. Mr. Speaker, I thank the gentleman for yielding time to
me.
I will be very brief. This amendment did come from the Senate side.
In the broadest sense, the issue is one of recovery of taxpayer lost
resources. In what we have all come to understand as the largest public
sector mistake of the century--the S&L debacle--where the taxpayers
lost about a quarter-of-a-trillion dollars, less than 1 percent has
been recovered. Part of the reason relates to, in the broadest sense,
to the complicated nature of financial institution litigation. For
example, in Texas, where there is several hundred billion dollars in
taxpayer losses, the recovery rate has been almost negligible.
The RTC, frankly, in a circumstance of major litigation, has not had
the time nor the resources to pursue all it needs to pursue. In the
more narrow sense, it certainly is true that the minority is concerned
about responsibility for failure of a particular institution in the
State of Arkansas, which cost the American taxpayer $60 million. I
would only note, with regard to that institution, that quite frankly,
there was a late recusal of a U.S. Attorney in Little Rock.
There was also unconventional advocacy of a particular law firm hired
by the FDIC for the taxpayer.
And for those reasons, the minority respectfully requests
consideration of this motion.
I would only conclude by noting that if there is a case for vigorous
legal intervention in the American economy today, it has to be to
develop precedent that the taxpayer cannot be robbed with impunity from
the corporate board room. And to paraphrase one of the great Americans
of this century, ``Moderation in the pursuit of accountability for
lapses in public ethics is no virtue, extremism in defense of the
taxpayer, no vice.''
{time} 1720
Mr. McDADE. Mr. Speaker, I yield back the balance of my time.
Mr. SMITH of Iowa. Mr. Speaker, I yield back the balance of my time.
The SPEAKER pro tempore (Mr. Chapman) Without objection, the previous
question is ordered on the motion to instruct conferees.
There was no objection.
The SPEAKER pro tempore. The question is on the motion to instruct
conferees offered by the gentleman from Pennsylvania [Mr. McDade].
The question was taken; and the Speaker pro tempore announced that
the ayes appeared to have it.
recorded vote
Mr. SOLOMON. Mr. Speaker, I demand a recorded vote.
A recorded vote was ordered.
The vote was taken by electronic device, and there were--ayes 390,
noes 1, answered ``present'' 1, not voting 41, as follows:
[Roll No. 26]
AYES--390
Abercrombie
Ackerman
Allard
Andrews (ME)
Andrews (NJ)
Applegate
Archer
Armey
Bacchus (FL)
Bachus (AL)
Baesler
Baker (CA)
Baker (LA)
Ballenger
Barca
Barcia
Barlow
Barrett (NE)
Barrett (WI)
Bartlett
Barton
Bateman
Becerra
Beilenson
Bentley
Bereuter
Berman
Bevill
Bilbray
Bishop
Blackwell
Bliley
Blute
Boehlert
Bonilla
Bonior
Borski
Boucher
Brewster
Browder
Brown (CA)
Brown (FL)
Brown (OH)
Bryant
Bunning
Burton
Buyer
Byrne
Callahan
Calvert
Camp
Canady
Cantwell
Cardin
Carr
Castle
Chapman
Clayton
Clement
Clinger
Clyburn
Coble
Collins (GA)
Collins (IL)
Collins (MI)
Combest
Condit
Conyers
Cooper
Coppersmith
Costello
Cox
Coyne
Cramer
Crane
Crapo
Cunningham
Danner
Darden
Deal
DeLauro
DeLay
Dellums
Derrick
Deutsch
Diaz-Balart
Dickey
Dicks
Dixon
Dooley
Doolittle
Dornan
Dreier
Duncan
Dunn
Durbin
Edwards (CA)
Edwards (TX)
Ehlers
Emerson
Engel
English
Eshoo
Evans
Everett
Farr
Fawell
Fazio
Fields (LA)
Filner
Fish
Flake
Ford (MI)
Ford (TN)
Fowler
Frank (MA)
Franks (CT)
Franks (NJ)
Frost
Furse
Gallegly
Gallo
Gekas
Gephardt
Geren
Gilchrest
Gillmor
Gilman
Gingrich
Glickman
Gonzalez
Goodlatte
Goodling
Gordon
Goss
Grams
Grandy
Green
Greenwood
Gunderson
Gutierrez
Hall (TX)
Hamburg
Hamilton
Hancock
Hansen
Harman
Hayes
Hefley
Hefner
Herger
Hilliard
Hinchey
Hoagland
Hobson
Hochbrueckner
Hoekstra
Hoke
Holden
Horn
Houghton
Hoyer
Huffington
Hughes
Hunter
Hutchinson
Inglis
Inhofe
Inslee
Istook
Jefferson
Johnson (CT)
Johnson (GA)
Johnson (SD)
Johnson, E. B.
Johnson, Sam
Johnston
Kanjorski
Kaptur
Kasich
Kennedy
Kennelly
Kildee
Kim
King
Kingston
Kleczka
Klein
Klink
Klug
Knollenberg
Kolbe
Kopetski
Kreidler
Kyl
LaFalce
Lambert
Lancaster
Lantos
LaRocco
Lazio
Leach
Lehman
Levin
Levy
Lewis (CA)
Lewis (GA)
Lightfoot
Linder
Livingston
Lloyd
Long
Lowey
Maloney
Mann
Manton
Manzullo
Margolies-Mezvinsky
Markey
Martinez
Matsui
Mazzoli
McCandless
McCloskey
McCollum
McCrery
McCurdy
McDade
McDermott
McHale
McHugh
McInnis
McKeon
McKinney
McNulty
Meehan
Meek
Menendez
Meyers
Mfume
Mica
Miller (CA)
Miller (FL)
Mineta
Minge
Mink
Moakley
Molinari
Mollohan
Montgomery
Moorhead
Moran
Morella
Myers
Nadler
Natcher
Neal (MA)
Neal (NC)
Nussle
Oberstar
Obey
Olver
Oxley
Packard
Pallone
Parker
Pastor
Paxon
Payne (NJ)
Payne (VA)
Pelosi
Penny
Peterson (FL)
Peterson (MN)
Petri
Pickett
Pickle
Pombo
Pomeroy
Porter
Portman
Poshard
Price (NC)
Pryce (OH)
Quinn
Rahall
Ramstad
Rangel
Ravenel
Reed
Regula
Reynolds
Roberts
Roemer
Rogers
Rohrabacher
Ros-Lehtinen
Rostenkowski
Roukema
Rowland
Roybal-Allard
Royce
Rush
Sabo
Sanders
Sangmeister
Santorum
Sarpalius
Sawyer
Saxton
Schaefer
Schenk
Schiff
Schroeder
Schumer
Scott
Sensenbrenner
Serrano
Sharp
Shaw
Shays
Shepherd
Shuster
Sisisky
Skaggs
Skeen
Skelton
Slaughter
Smith (IA)
Smith (MI)
Smith (NJ)
Smith (TX)
Snowe
Solomon
Spence
Spratt
Stark
Stearns
Stenholm
Stokes
Strickland
Studds
Stump
Stupak
Sundquist
Swett
Swift
Synar
Talent
Tanner
Taylor (MS)
Taylor (NC)
Tejeda
Thomas (CA)
Thomas (WY)
Thompson
Thornton
Thurman
Torkildsen
Torres
Torricelli
Traficant
Tucker
Unsoeld
Upton
Valentine
Velazquez
Vento
Visclosky
Volkmer
Vucanovich
Walker
Walsh
Waters
Watt
Waxman
Weldon
Wheat
Whitten
Williams
Wilson
Wise
Wolf
Woolsey
Wyden
Wynn
Yates
Young (FL)
Zeliff
Zimmer
NOES--1
Clay
ANSWERED ``PRESENT''--1
Hyde
NOT VOTING--41
Andrews (TX)
Bilirakis
Boehner
Brooks
Coleman
de la Garza
DeFazio
Dingell
Ewing
Fields (TX)
Fingerhut
Foglietta
Gejdenson
Gibbons
Hall (OH)
Hastert
Hastings
Hutto
Jacobs
Laughlin
Lewis (FL)
Lipinski
Machtley
McMillan
Michel
Murphy
Murtha
Ortiz
Orton
Owens
Quillen
Richardson
Ridge
Rose
Roth
Slattery
Smith (OR)
Tauzin
Towns
Washington
Young (AK)
{time} 1746
Mr. COX changed his vote from ``no'' to ``aye.''
So the motion to instruct was agreed to.
The result of the vote was announced as above recorded.
appointment of conferees on H.R. 3759
The SPEAKER pro tempore (Mr. Chapman). Without objection, the Chair
appoints the following conferees: Messrs. Natcher, Smith of Iowa,
Yates, Obey, Stokes, Bevill, Murtha, Dixon, Fazio, Hefner, Hoyer, Carr
of Michigan, Durbin, McDade, Myers of Indiana, Regula, Livingston,
Lewis of California, Rogers, Skeen, and Porter.
There was no objection.
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