[Congressional Record Volume 155, Number 12 (Wednesday, January 21, 2009)]
[House]
[Pages H412-H419]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TARP REFORM AND ACCOUNTABILITY ACT OF 2009
The SPEAKER pro tempore. Pursuant to House Resolution 62 and rule
XVIII, the Chair declares the House in the Committee of the Whole House
on the State of the Union for the further consideration of the bill,
H.R. 384.
{time} 1506
In the Committee of the Whole
Accordingly, the House resolved itself into the Committee of the
Whole House on the State of the Union for the further consideration of
the bill (H.R. 384) to reform the Troubled Assets Relief Program of the
Secretary of the Treasury and ensure accountability under such Program,
with Mr. Holden (Acting Chair) in the chair.
The Clerk read the title of the bill.
The Acting CHAIR. When the Committee of the Whole rose earlier today,
a request for a recorded vote on amendment No. 11 printed in House
Report 111-3 offered by the gentleman from New York (Mr. Hinchey) had
been postponed.
Amendment No. 11 Offered by Mr. Hinchey
The Acting CHAIR. Pursuant to clause 6 of rule XVIII, the unfinished
business is the demand for a recorded vote on the amendment offered by
the gentleman from New York (Mr. Hinchey) on which further proceedings
were postponed and on which the ayes prevailed by voice vote.
The Clerk will redesignate the amendment.
The Clerk redesignated the amendment.
Recorded Vote
The Acting CHAIR. A recorded vote has been demanded.
A recorded vote was ordered.
The vote was taken by electronic device, and there were--ayes 427,
noes 1, not voting 11, as follows:
[Roll No. 23]
AYES--427
Abercrombie
Ackerman
Aderholt
Adler (NJ)
Akin
Alexander
Altmire
Andrews
Arcuri
Austria
Baca
Bachmann
Bachus
Baird
Baldwin
Barrett (SC)
Barrow
Bartlett
Barton (TX)
Bean
Becerra
Berkley
Berman
Berry
Biggert
Bilbray
Bilirakis
Bishop (GA)
Bishop (NY)
Bishop (UT)
Blackburn
Blumenauer
Blunt
Boccieri
Boehner
Bonner
Bono Mack
Boozman
Boren
Boswell
Boustany
Boyd
Brady (PA)
Brady (TX)
Braley (IA)
Bright
Broun (GA)
Brown (SC)
Brown, Corrine
Brown-Waite, Ginny
Buchanan
Burgess
Burton (IN)
Butterfield
Buyer
Calvert
Camp
Campbell
Cantor
Cao
Capito
Capps
Capuano
Cardoza
Carnahan
Carney
Carson (IN)
Carter
Cassidy
Castle
Castor (FL)
Chaffetz
Chandler
Childers
Christensen
Clarke
Clay
Cleaver
Clyburn
Coble
Coffman (CO)
Cohen
Cole
Conaway
Connolly (VA)
Conyers
Cooper
Costa
Costello
Courtney
Crenshaw
Cuellar
Culberson
Cummings
Dahlkemper
Davis (AL)
Davis (CA)
Davis (IL)
[[Page H413]]
Davis (KY)
Davis (TN)
Deal (GA)
DeFazio
DeGette
Delahunt
DeLauro
Dent
Diaz-Balart, L.
Diaz-Balart, M.
Dicks
Dingell
Doggett
Donnelly (IN)
Doyle
Dreier
Driehaus
Duncan
Edwards (MD)
Edwards (TX)
Ehlers
Ellison
Ellsworth
Emerson
Engel
Eshoo
Etheridge
Faleomavaega
Fallin
Farr
Fattah
Filner
Flake
Fleming
Forbes
Fortenberry
Foster
Foxx
Frank (MA)
Franks (AZ)
Frelinghuysen
Fudge
Gallegly
Garrett (NJ)
Gerlach
Giffords
Gillibrand
Gingrey (GA)
Gohmert
Gonzalez
Goodlatte
Gordon (TN)
Granger
Graves
Grayson
Green, Al
Green, Gene
Griffith
Grijalva
Guthrie
Gutierrez
Hall (NY)
Hall (TX)
Halvorson
Hare
Harper
Hastings (FL)
Hastings (WA)
Heinrich
Heller
Hensarling
Herger
Higgins
Hill
Himes
Hinchey
Hinojosa
Hirono
Hodes
Hoekstra
Holden
Holt
Honda
Hoyer
Hunter
Inglis
Inslee
Israel
Issa
Jackson (IL)
Jackson-Lee (TX)
Jenkins
Johnson (GA)
Johnson (IL)
Johnson, E. B.
Johnson, Sam
Jones
Jordan (OH)
Kagen
Kanjorski
Kaptur
Kennedy
Kildee
Kilpatrick (MI)
Kilroy
Kind
King (IA)
King (NY)
Kingston
Kirk
Kirkpatrick (AZ)
Kissell
Klein (FL)
Kline (MN)
Kosmas
Kratovil
Kucinich
Lamborn
Lance
Langevin
Larsen (WA)
Larson (CT)
Latham
LaTourette
Latta
Lee (CA)
Lee (NY)
Levin
Lewis (CA)
Lewis (GA)
Linder
Lipinski
LoBiondo
Loebsack
Lofgren, Zoe
Lowey
Lucas
Luetkemeyer
Lujan
Lummis
Lungren, Daniel E.
Lynch
Mack
Maffei
Maloney
Manzullo
Marchant
Markey (CO)
Markey (MA)
Marshall
Massa
Matheson
Matsui
McCarthy (CA)
McCarthy (NY)
McCaul
McClintock
McCollum
McCotter
McDermott
McGovern
McHenry
McHugh
McIntyre
McKeon
McMahon
McMorris Rodgers
McNerney
Meek (FL)
Meeks (NY)
Melancon
Mica
Michaud
Miller (FL)
Miller (MI)
Miller (NC)
Miller, Gary
Miller, George
Minnick
Mitchell
Mollohan
Moore (KS)
Moore (WI)
Moran (KS)
Moran (VA)
Murphy (CT)
Murphy, Patrick
Murphy, Tim
Murtha
Myrick
Nadler (NY)
Napolitano
Neal (MA)
Norton
Nunes
Nye
Oberstar
Obey
Olson
Olver
Ortiz
Pallone
Pascrell
Pastor (AZ)
Paul
Paulsen
Payne
Pence
Perlmutter
Perriello
Peters
Peterson
Petri
Pierluisi
Pingree (ME)
Pitts
Poe (TX)
Polis (CO)
Pomeroy
Posey
Price (GA)
Price (NC)
Putnam
Radanovich
Rahall
Rangel
Rehberg
Reichert
Reyes
Richardson
Rodriguez
Roe (TN)
Rogers (AL)
Rogers (KY)
Rogers (MI)
Rohrabacher
Rooney
Ros-Lehtinen
Roskam
Ross
Rothman (NJ)
Roybal-Allard
Royce
Ruppersberger
Rush
Ryan (OH)
Ryan (WI)
Salazar
Sanchez, Linda T.
Sanchez, Loretta
Sarbanes
Scalise
Schakowsky
Schauer
Schiff
Schmidt
Schock
Schrader
Schwartz
Scott (GA)
Scott (VA)
Sensenbrenner
Serrano
Sessions
Sestak
Shadegg
Shea-Porter
Sherman
Shimkus
Shuler
Shuster
Simpson
Sires
Skelton
Slaughter
Smith (NE)
Smith (NJ)
Smith (TX)
Smith (WA)
Snyder
Souder
Space
Speier
Spratt
Stark
Stearns
Stupak
Sullivan
Sutton
Tanner
Tauscher
Taylor
Teague
Terry
Thompson (CA)
Thompson (MS)
Thompson (PA)
Thornberry
Tiahrt
Tierney
Titus
Tonko
Towns
Tsongas
Turner
Upton
Van Hollen
Velazquez
Visclosky
Walden
Walz
Wamp
Wasserman Schultz
Waters
Watt
Waxman
Weiner
Welch
Westmoreland
Wexler
Whitfield
Wilson (OH)
Wilson (SC)
Wittman
Wolf
Woolsey
Wu
Yarmuth
Young (FL)
NOES--1
Sablan
NOT VOTING--11
Bordallo
Boucher
Crowley
Harman
Herseth Sandlin
Neugebauer
Platts
Solis (CA)
Tiberi
Watson
Young (AK)
{time} 1537
So the amendment was agreed to.
The result of the vote was announced as above recorded.
Stated for:
Mr. PLATTS. Mr. Chair, on rollcall No. 23 (Hinchey Amendment to H.R.
384), I was delayed en route to the Capitol due to two traffic
accidents (not involving my vehicle) and then not able to record my
vote on said amendment. Had I been present for rollcall No. 23, I would
have voted ``aye,'' in favor of the amendment.
Ms. BORDALLO. Mr. Chair, on rollcall No. 23, traffic delays. Had I
been present, I would have voted ``aye.''
Mr. SABLAN. Mr. Chair, during rollcall vote No. 23 on H.R. 384, I
mistakenly recorded my vote as ``no'' when I should have voted ``aye.''
The Acting CHAIR. Under the rule, the Committee rises.
Accordingly, the Committee rose; and the Speaker pro tempore (Mrs.
Tauscher) having assumed the chair, Mr. Holden, Acting Chair of the
Committee of the Whole House on the state of the Union, reported that
that Committee, having had under consideration the bill (H.R. 384) to
reform the Troubled Assets Relief Program of the Secretary of the
Treasury and ensure accountability under such Program, and pursuant to
House Resolution 62, he reported the bill back to the House with sundry
amendments adopted by the Committee of the Whole.
The SPEAKER pro tempore. Under the rule, the previous question is
ordered.
Is a separate vote demanded on any amendment reported from the
Committee of the Whole? If not, the Chair will put them en gros.
The amendments were agreed to.
The SPEAKER pro tempore. The question is on the engrossment and third
reading of the bill.
The bill was ordered to be engrossed and read a third time, and was
read the third time.
Motion to Recommit Offered by Mr. Gohmert
Mr. GOHMERT. Madam Speaker, I have a motion to recommit at the desk.
The SPEAKER pro tempore. Is the gentleman opposed to the bill?
Mr. GOHMERT. Yes, I do oppose the bill, Madam Speaker.
Mr. FRANK of Massachusetts. Madam Speaker, I reserve a point of order
against the recommittal motion.
The SPEAKER pro tempore. A point of order is reserved.
The Clerk will report the motion to recommit.
The Clerk read as follows:
Mr. Gohmert moves to recommit the bill H.R. 384 to the
Committee on Financial Services with instructions to report
the same back to the House forthwith with the following
amendment:
Strike all after the enacting clause and insert the
following:
SECTION 1. SUSPENSION OF EMPLOYMENT TAXES.
(a) Tax on Employees.--Section 3101 of the Internal Revenue
Code of 1986 (relating to rate of tax) is amended by adding
at the end the following new subsection:
``(d) Suspension.--In the case of wages received for
service performed during the 2-month period beginning with
the first full month after the date of the enactment of this
subsection, the percentage under subsections (a) and (b)
shall be zero percent.''.
(b) Tax on Employers.--Section 3111 of such Code (relating
to rate of tax) is amended by adding at the end the following
new subsection:
``(d) Suspension.--In the case of wages paid for service
performed during the 2-month period beginning with the first
full month after the date of the enactment of this
subsection, the percentage under subsections (a) and (b)
shall be zero percent.''.
(c) Tax on Self-Employment Income.--Section 1401 of such
Code (relating to rate of tax) is amended by adding at the
end the following new subsection:
``(d) Suspension.--In the case of self-employment income
for service performed during the 2-month period beginning
with the first full month after the date of the enactment of
this subsection, the percentage under subsections (a) and (b)
shall be zero percent.''.
(d) Effective Dates.--
(1) The amendments made by subsections (a) and (b) shall
apply to remuneration paid or received after the date of the
enactment of this Act.
(2) The amendment made by subsection (c) shall apply to
taxable years beginning after December 31, 2008.
SEC. 2. SUSPENSION OF INCOME TAXES.
(a) In General.--Part III of subchapter B of chapter 1 of
the Internal Revenue Code of 1986 (relating to items
specifically excluded from gross income) is amended by
inserting after section 139B the following new section:
``SEC. 139C. WAGE AND SELF-EMPLOYMENT INCOME.
``In the case of an individual, gross income shall not
include--
``(1) any remuneration for service performed during the 2-
month period beginning with the first full month after the
date of the enactment of this section, by an employee for his
employer, including the cash value of all remuneration
(including benefits) paid in any medium other than cash wages
(as defined in section 3121), and
``(2) any self-employment income (as defined in section
1402) derived by such individual during such period.''.
(b) Clerical Amendment.--The table of sections for such
part is amended by inserting after the item relating to
section 139B the following new item:
``Sec. 139C. Wage and self-employment income.''.
(c) Effective Date.--The amendments made by this section
shall apply to taxable years ending after December 31, 2008.
SEC. 3. FUNDING OF SOCIAL SECURITY TRUST FUNDS WITH REPEALED
TARP FUNDS.
(a) Repeal of Final $350 Billion Purchase Authority Under
Troubled Assets Relief
[[Page H414]]
Program.--Section 115 of the Emergency Economic Stabilization
Act of 2008 (12 U.S.C. 5225) is amended--
(1) in subsection (a), by striking paragraph (3); and
(2) by striking subsections (c), (d), (e), and (f).
(b) Transfer to Social Security Trust Funds.--
(1) Estimate of secretary.--The Secretary of the Treasury
(in consultation with the Secretary of Health and Human
Services and the Commissioner of Social Security, as
appropriate) shall estimate the impact that the enactment of
this Act has on the income and balances of the Federal Old-
Age and Survivors Insurance Trust Fund, the Federal
Disability Insurance Trust Fund, and the Federal Hospital
Insurance Trust Fund.
(2) Transfer of funds.--If, under subsection (a), the
Secretary of the Treasury estimates that the enactment of
this Act has a negative impact on the income and balances of
any of such funds, the Secretary shall transfer from the
general revenues of the Federal Government such sums as may
be necessary so as to ensure that the income and balances of
such funds are not reduced as a result of the enactment of
this Act.
SEC. 4. IMMEDIATE TERMINATION OF TARP PURCHASE AUTHORITY.
(a) In General.--The authorities provided under section
101(a) of the Emergency Economic Stabilization Act of 2008
(12 U.S.C. 5211), excluding section 101(a)(3) of such Act,
shall terminate immediately upon the enactment of this Act.
(b) Rule of Construction.--The termination under subsection
(a) shall apply to any authority of the Secretary of the
Treasury under the Emergency Economic Stabilization Act of
2008 to purchase preferred or other stock or equity in any
financial institution.
(c) Conforming Amendment.--The Emergency Economic
Stabilization Act of 2008 is amended by striking section 120
(12 U.S.C. 5230).
Mr. GOHMERT (during the reading). Madam Speaker, I ask unanimous
consent to waive the reading.
The SPEAKER pro tempore. Is there objection to the request of the
gentleman from Texas?
There was no objection.
The SPEAKER pro tempore. The gentleman from Texas is recognized for 5
minutes.
Point of Order
Mr. FRANK of Massachusetts. Madam Speaker, I have a point of order.
The SPEAKER pro tempore. The gentleman from Massachusetts will state
his point of order.
Mr. FRANK of Massachusetts. Madam Speaker, having read the motion, I
insist on my point of order.
It is not germane calling on spending under the jurisdiction of the
Committee on Ways and Means and other matters entirely outside the
jurisdiction of the Financial Services Committee and mandating spending
not covered by this bill.
The SPEAKER pro tempore. Does the gentleman from Texas wish to be
heard on the point of order?
Mr. GOHMERT. Yes, I do, Madam Speaker.
The SPEAKER pro tempore. The gentleman is recognized.
Mr. GOHMERT. Madam Speaker, I applaud the chairman's efforts to try
to rein in some of the actions by the Secretary of the Treasury. I
think it's well intentioned. But it directs the Secretary of the
Treasury to take action. So does the motion to recommit.
The bill itself attempts to direct the Treasury Secretary to take
certain actions and to be more accountable, whereas the motion to
recommit directs the Treasury Secretary in a different direction and
says he must put the $350 billion back in the Treasury and allow a 2-
month tax holiday so the American taxpayer can bail out the economy,
not a Treasury Secretary. We've seen enough of that for the last 3
months.
So, Madam Speaker, I understand the chairman's point of order. I
believe it's inappropriate. But if there were a vote, even on a vote to
table, the American taxpayers understand it's a vote on whether the
Treasurer gets to trickle down on them or whether they get to spend the
money that they themselves earned and prop up the economy by whom they
select.
The SPEAKER pro tempore. Does any other Member wish to be heard on
the point of order?
Mr. FRANK of Massachusetts. Madam Speaker, the argument is that
because the bill directs the Secretary of the Treasury to do certain
things that are within the jurisdiction of the Financial Services
Committee, it is therefore allowed if you want to direct the Secretary
of the Treasury to do anything. Now, it might, I suppose, be that the
Secretary of Treasury could declare war on somebody under that theory,
except my colleagues there don't believe having any check on the
executive power to declare war; so they wouldn't vote that. There is a
clear violation here of the rules.
The gentleman from Texas then says, well, if you don't vote to
totally disregard the rules of the House, because this isn't even a
clear question by getting into Ways and Means jurisdiction, then you
must not like what I want. The notion that people who believe that the
rules ought to be followed are somehow disagreeing with the substance,
of course, makes no sense. And, in fact, if there were a real intent to
do this, I would assume a bill to do it would have been introduced and
made available to the appropriate committees. No bill's been
introduced. No serious effort has been made to do this.
I hope that the point of order is sustained.
The SPEAKER pro tempore. The Chair is prepared to rule.
The amendment offered by the gentleman from Texas, in pertinent part,
seeks to transfer funds to the Social Security trust funds.
The bill, as amended, addresses the distribution of TARP funds but
does not broach the issue of the solvency of the various Social
Security trust funds.
As such, the amendment fails the subject-matter test of germaneness.
The point of order is sustained. The motion is not in order.
Mr. GOHMERT. Madam Speaker, I would appeal the ruling of the Chair.
The SPEAKER pro tempore. The question is, Shall the decision of the
Chair stand as the judgment of the House?
Motion to Table
Mr. FRANK of Massachusetts. Madam Speaker, I move to lay that appeal
on the table.
The question was taken; and the Speaker pro tempore announced that
the ayes appeared to have it.
Recorded Vote
Mr. GOHMERT. Madam Speaker, I demand a recorded vote.
A recorded vote was ordered.
The vote was taken by electronic device, and there were--ayes 251,
noes 176, not voting 6, as follows:
[Roll No. 24]
AYES--251
Abercrombie
Ackerman
Adler (NJ)
Altmire
Andrews
Arcuri
Baca
Baird
Baldwin
Barrow
Bean
Becerra
Berkley
Berman
Berry
Bishop (GA)
Bishop (NY)
Blumenauer
Boccieri
Boren
Boswell
Boyd
Brady (PA)
Braley (IA)
Bright
Brown, Corrine
Butterfield
Capps
Capuano
Cardoza
Carnahan
Carney
Carson (IN)
Castor (FL)
Chandler
Childers
Clarke
Clay
Cleaver
Clyburn
Cohen
Connolly (VA)
Conyers
Cooper
Costa
Costello
Courtney
Crowley
Cummings
Dahlkemper
Davis (AL)
Davis (CA)
Davis (IL)
Davis (TN)
DeFazio
DeGette
Delahunt
DeLauro
Dicks
Dingell
Doggett
Donnelly (IN)
Doyle
Driehaus
Edwards (MD)
Edwards (TX)
Ellison
Ellsworth
Engel
Eshoo
Etheridge
Farr
Fattah
Filner
Foster
Frank (MA)
Fudge
Giffords
Gillibrand
Gonzalez
Gordon (TN)
Grayson
Green, Al
Green, Gene
Griffith
Grijalva
Gutierrez
Hall (NY)
Halvorson
Hare
Harman
Hastings (FL)
Heinrich
Higgins
Hill
Himes
Hinchey
Hinojosa
Hirono
Hodes
Holden
Holt
Honda
Hoyer
Inslee
Israel
Jackson (IL)
Jackson-Lee (TX)
Johnson (GA)
Johnson, E. B.
Kagen
Kanjorski
Kaptur
Kennedy
Kildee
Kilpatrick (MI)
Kilroy
Kind
Kirkpatrick (AZ)
Kissell
Klein (FL)
Kosmas
Kratovil
Kucinich
Langevin
Larsen (WA)
Larson (CT)
Lee (CA)
Levin
Lewis (GA)
Lipinski
Loebsack
Lofgren, Zoe
Lowey
Lujan
Lynch
Maffei
Maloney
Markey (CO)
Markey (MA)
Marshall
Massa
Matheson
Matsui
McCarthy (NY)
McCollum
McDermott
McGovern
McIntyre
McMahon
McNerney
Meek (FL)
Meeks (NY)
Melancon
Michaud
Miller (NC)
Miller, George
Minnick
Mitchell
Mollohan
Moore (KS)
Moore (WI)
Moran (VA)
Murphy (CT)
Murphy, Patrick
Murtha
Nadler (NY)
Napolitano
Neal (MA)
Nye
Oberstar
Obey
Olver
Ortiz
Pallone
Pascrell
Pastor (AZ)
Payne
Perlmutter
Perriello
Peters
Peterson
Pingree (ME)
Polis (CO)
Pomeroy
Price (NC)
Rahall
Rangel
Reyes
Richardson
Rodriguez
Ross
Rothman (NJ)
Roybal-Allard
Ruppersberger
Rush
Ryan (OH)
Salazar
Sanchez, Linda T.
Sanchez, Loretta
Sarbanes
Schakowsky
Schauer
Schiff
Schrader
Schwartz
Scott (GA)
Scott (VA)
[[Page H415]]
Serrano
Sestak
Shea-Porter
Sherman
Shuler
Sires
Skelton
Slaughter
Smith (WA)
Snyder
Space
Speier
Spratt
Stark
Stupak
Sutton
Tanner
Tauscher
Taylor
Teague
Thompson (CA)
Thompson (MS)
Tierney
Titus
Tonko
Towns
Tsongas
Van Hollen
Velazquez
Visclosky
Walz
Wasserman Schultz
Waters
Watson
Watt
Waxman
Weiner
Welch
Wexler
Wilson (OH)
Woolsey
Wu
Yarmuth
NOES--176
Aderholt
Akin
Alexander
Austria
Bachmann
Bachus
Barrett (SC)
Bartlett
Barton (TX)
Biggert
Bilbray
Bilirakis
Bishop (UT)
Blackburn
Blunt
Boehner
Bonner
Bono Mack
Boozman
Boustany
Brady (TX)
Broun (GA)
Brown (SC)
Brown-Waite, Ginny
Buchanan
Burgess
Burton (IN)
Buyer
Calvert
Camp
Campbell
Cantor
Cao
Capito
Carter
Cassidy
Castle
Chaffetz
Coble
Coffman (CO)
Cole
Conaway
Crenshaw
Cuellar
Culberson
Davis (KY)
Deal (GA)
Dent
Diaz-Balart, L.
Diaz-Balart, M.
Dreier
Duncan
Ehlers
Emerson
Fallin
Flake
Fleming
Forbes
Fortenberry
Foxx
Franks (AZ)
Frelinghuysen
Gallegly
Garrett (NJ)
Gerlach
Gingrey (GA)
Gohmert
Goodlatte
Granger
Graves
Guthrie
Hall (TX)
Harper
Hastings (WA)
Heller
Hensarling
Herger
Hoekstra
Hunter
Inglis
Issa
Jenkins
Johnson (IL)
Johnson, Sam
Jones
Jordan (OH)
King (IA)
King (NY)
Kingston
Kirk
Kline (MN)
Lamborn
Lance
Latham
LaTourette
Latta
Lee (NY)
Lewis (CA)
Linder
LoBiondo
Lucas
Luetkemeyer
Lummis
Lungren, Daniel E.
Mack
Manzullo
Marchant
McCarthy (CA)
McCaul
McClintock
McCotter
McHenry
McHugh
McKeon
McMorris Rodgers
Mica
Miller (FL)
Miller (MI)
Miller, Gary
Moran (KS)
Murphy, Tim
Myrick
Nunes
Olson
Paul
Paulsen
Pence
Petri
Pitts
Platts
Poe (TX)
Posey
Price (GA)
Putnam
Radanovich
Rehberg
Reichert
Roe (TN)
Rogers (AL)
Rogers (KY)
Rogers (MI)
Rohrabacher
Rooney
Ros-Lehtinen
Roskam
Royce
Ryan (WI)
Scalise
Schmidt
Schock
Sensenbrenner
Sessions
Shadegg
Shimkus
Shuster
Simpson
Smith (NE)
Smith (NJ)
Smith (TX)
Souder
Stearns
Sullivan
Terry
Thompson (PA)
Thornberry
Tiahrt
Turner
Upton
Walden
Wamp
Westmoreland
Whitfield
Wilson (SC)
Wittman
Wolf
Young (FL)
NOT VOTING--6
Boucher
Herseth Sandlin
Neugebauer
Solis (CA)
Tiberi
Young (AK)
Announcement by the Speaker Pro Tempore
The SPEAKER pro tempore (during the vote). There are 2 minutes
remaining in this vote.
{time} 1605
Mrs. SCHMIDT, Messrs. PUTNAM, JOHNSON of Illinois, GRAVES, FLAKE, and
CUELLAR changed their vote from ``aye'' to ``no.''
Mrs. HALVORSON, Ms. KILPATRICK of Michigan, Mrs. MALONEY, Ms.
BERKLEY, Messrs. HASTINGS of Florida, JACKSON of Illinois, McMAHON,
RANGEL, and WEXLER changed their vote from ``no'' to ``aye.''
So the motion to table was agreed to.
The result of the vote was announced as above recorded.
Motion to Recommit Offered by Mr. Barrett of South Carolina
Mr. BARRETT of South Carolina. Madam Speaker, I have a motion to
recommit at the desk.
The SPEAKER pro tempore. Is the gentleman opposed to the bill?
Mr. BARRETT of South Carolina. In its current form, I am.
The SPEAKER pro tempore. The Clerk will report the motion.
The Clerk read as follows:
Mr. Barrett of South Carolina moves to recommit the bill
H.R. 384 to the Committee on Financial Services with
instructions to report the same back to the House forthwith
with the following amendment:
Page 2, after the table of contents, insert the following
new title (and redesignate subsequent title, sections, and
cross references accordingly:
TITLE I--TARP TERMINATION AND FULL REPAYMENT PLAN
SEC. 101. REPEAL OF 3RD TRANCHE OF TARP FUNDS.
(a) In General.--Section 115(a) of the Emergency Economic
Stabilization Act of 2008 (12 U.S.C. 5225(a)) is amended by
striking paragraph (3).
(b) Technical and Conforming Amendments.--Section 115 of
the Emergency Economic Stabilization Act of 2008 (12 U.S.C.
5225(a)) is amended by striking subsections (c), (d), (e),
and (f).
SEC. 102. TAXPAYER REBATES.
(a) Plan and Timetable Required.--The Secretary of the
Treasury shall develop a plan and establish a timetable for
the repayment to the United States Government of all
assistance provided under the Emergency Economic
Stabilization Act of 2008 to any institution.
(b) Report Required.--The Secretary of the Treasury shall
submit a report to the Congress on the plan developed and the
timetable established under subsection (a).
Mr. BARRETT of South Carolina (during the reading). I ask unanimous
consent to waive the reading of the motion.
The SPEAKER pro tempore. Is there objection to the request of the
gentleman from South Carolina?
There was no objection.
The SPEAKER pro tempore. The gentleman from South Carolina is
recognized for 5 minutes.
Mr. BARRETT of South Carolina. Madam Speaker, this is a commonsense
motion to recommit that is very straightforward and simple. The motion
would repeal the third and final payment of the funds to the Troubled
Assets Relief Program, or TARP. It will require the Secretary of the
Treasury to develop a plan and a timetable for all TARP recipients to
pay back the taxpayer. Let me say that again. It would require the
Secretary of the Treasury to develop a plan and a timetable for all
TARP recipients to pay back the American taxpayer.
Given that the Senate has already rejected this Joint Resolution of
Disapproval, President Obama will receive his final $350 billion.
Voting for this motion to recommit is the only way to stop a new,
expanded TARP program, which has spun out of control.
Like many of my colleagues, Madam Speaker, I voted for the Emergency
Economic Stabilization Act to restore liquidity and stability into
America's financial system, allowing American businesses access to
credit that they needed to obtain inventory and purchase needed
supplies and make a payroll. Simply put, the program, as it was sold to
Congress, was necessary to prevent an even greater economic disaster,
and I am glad we haven't seen the widespread financial turmoil that I
believe was certain, had the government not taken unprecedented
measures during the extraordinary times.
However, at the same time, I agree with my colleagues that the first
$350 billion was spent too hastily and haphazardly and without the
proper oversight. I have not yet seen that there was a credible plan in
place to assure the taxpayer money was spent effectively and
efficiently. I appreciate the fact that we are facing an unprecedented
emergency economic situation, but trial and error, Madam Speaker, is
simply not an acceptable strategy for spending taxpayers' hard-earned
dollars.
Now, a brand new administration is asking for more taxpayer money to
see if they can do a better job. While I appreciate that we should not
punish the new TARP implementation team for the poor planning of the
prior group, we owe it to the American taxpayer to take our time and
examine their plans more closely before we throw more money in an
unsuccessful foreclosure mitigation program. I think it's only fair
that we take a step back before we further expand TARP to prop up more
failing businesses.
Madam Speaker, I hope my colleagues agree that before continuing down
a path toward greater government intervention, we fully consider all of
our options. We need to stop the expansion of the TARP, and considering
the actions of the Senate last week, this motion to recommit is our
best, the House's best, and only option.
Our economic situation, while still critical, has stabilized from
where it was this fall. We now have the time and the responsibility to
fully consider whether this program is the best way to get our troubled
financial sector working and allow our economy to recover.
In closing, Madam Speaker, I ask my colleagues to join me in
protecting the American taxpayer by voting for this motion to recommit
to stop the next $350 billion from going out the door and to make sure
that we are paid back for the first $350 billion.
I yield back the balance of my time.
Mr. FRANK of Massachusetts. Madam Speaker, I rise to speak in
opposition to the motion to recommit and in defense of George Bush.
The SPEAKER pro tempore. The gentleman is recognized for 5 minutes.
[[Page H416]]
Mr. FRANK of Massachusetts. I would have thought my Republican
colleagues would have waited a little bit more than 28 hours to so
thoroughly repudiate George Bush. What this motion says is that George
Bush used the authority to deploy $350 billion ``so badly''--direct
quotes--``so hastily, so haphazardly, so without a plan, that nothing
will fix it.''
Basically, we are told that President Bush drove the car so
recklessly that we have to junk it. That because President Bush so
misused these tools, we have to deny them to a new President.
Let's be very clear. The TARP has taken on in the minds of some of my
colleagues on the other side an odd shape. It has become alive. It's
sort of a horror movie in their minds. The TARP is this thing that has
its own will.
No, the TARP is not something with its own will. It's a set of
policies. George Bush's administration used them badly. Not, I think,
as badly as my Republican colleagues say. That is why I think I am
defending them. He didn't permanently destroy this.
There are a number of things that the past President did that I don't
like. I was not a great fan of the Bush foreign policy. But I don't
think we should repeal the State Department. I think Obama should have
a chance to have a good foreign policy. So that is the first part of
this. The criticisms made of the Bush administration, wholly irrelevant
to what the Obama administration will do.
As to the timing, the Bush administration acceded to the wish of the
Obama administration to release the funds. Apparently, the Bush
administration agreed with the Obama administration that delay would be
a serious problem. Had the Bush administration not waited, we might
have had more time. The President, to his credit, President Bush,
accommodated President Obama, unlike my colleagues who now want to cut
him off at the knees early on.
I have another problem, Mr. Chairman. This motion today is a motion
to end the program. Guess what we will vote on tomorrow? A motion to
end the program. Having wasted the House's time with a blatantly
nongermane rule, recommittal, they now come up with a blatantly
unnecessary one because the exact vote we are having today, we will
have tomorrow.
{time} 1615
And so why do they do this? Why would they ask for the same vote?
They have a dilemma.
Let's be very clear. Responsibility, which comes with it sometimes
making decisions that can be in the short term difficult, in the minds
of some--responsibility sits uneasily on the shoulders of many of my
Republican colleagues, particularly the most conservative.
When they had a President they were supposed to support, they had to
do things that made them uncomfortable. Not all of them, but their
leadership and many of them voted for the TARP. They couldn't wait for
George Bush to leave town so they can throw off the shackles of
responsible public policy. Now they can simply revel in their
negativism. They can vote to kill the program today and tomorrow to
show George Bush how much they don't like him.
And what particularly is their problem? Well, one of the things many
of us on this side think was the greatest single problem of the Bush
administration was not doing foreclosure mitigation. The Obama
administration has committed that if they get this second $350 billion,
which the Senate vote means they will get, they will do foreclosure
mitigation. But here is the problem of this conservative dominated
Republican Party: The most recent paper from the Heritage Foundation
says, don't do foreclosure mitigation; it is a waste of time and money.
The Wall Street Journal editorial board, another source of great
guidance for my colleagues over there, says, don't do foreclosure
mitigation.
They are torn. They have to put in the recommit that they can find
some reason to vote for because they don't want to have to choose
between the demand of a large number of Americans for foreclosure
mitigation and the arguments of the Heritage Foundation and the Wall
Street Journal that they shouldn't do this. So what do they do? They
advance the disapproval vote from tomorrow to today because they don't
want to do this.
By the way, the Wall Street Journal and the Heritage Foundation also
are critical of other things. The Wall Street Journal says, how dare we
try to give money to community banks; how dare we talk about auto
industry help or auto dealers, or loans to others in America.
The Bush administration--and I give the gentleman from South
Carolina, it was better that we passed it than that we didn't. But the
Bush administration made several errors: They didn't put any real
controls on how the money that they infused was spent; they did too
little on compensation; they didn't do anything about foreclosure.
President Bush agreed with President Obama that there was still a
need for the money. We here want to pass a bill that instructs them to
use it better. I do not think that your desire to dissociate from
George Bush should lead you to cripple the Obama administration.
[From the Heritage Foundation's Web Memo, Jan. 14, 2009]
TARP: Frank's Bill Underscores Weaknesses of This Bailout Program
(By David C. John)
More is not better. Efforts by Chairman Barney Frank (D-MA)
of the House Financial Services Committee to ``improve'' the
Treasury's Troubled Asset Relief Program (TARP) in the TARP
Reform and Accountability Act of 2009 (H.R. 384) would
unfortunately just make the program worse. Among other policy
mistakes, it would explicitly approve the use of TARP to bail
out the auto manufacturers as well as expanding the program
into several other new areas.
Frank hopes that with his legislation, Congress will see
fit to approve TARP'S second $350 billion for use by the
incoming Obama Administration. However, there is no good
reason to approve the request for additional TARP funding
under any foreseeable circumstances, and Frank's bill only
adds more reasons for the additional funding request to be
denied.
H.R. 384 is a compilation of responses to congressional
criticisms of the TARP program, fixes to previous attempts to
address housing foreclosures, attempts to revive housing
sales, and various other miscellaneous provisions. A few of
those provisions are good policy moves, such as making
permanent the temporary increase in FDIC and NCUA deposit
insurance coverage to $250,000. Unfortunately, most of the
other provisions would only make matters worse.
Policy Errors in the Frank Legislation
Increased Interference in Corporate Decisions: H.R. 384
authorizes the government to have an ``observer'' in the
board meetings of financial institutions that have accepted
TARP funds. This is a far step from pledges that any
government investments through TARP funds would be passive,
and it opens the way for additional political takeovers of
financial institutions.
Expansion of TARP into New Areas: Frank's bill not only
retroactively approves the highly questionable use of TARP
into bailing out GM and Chrysler; it also expands the program
into consumer loans, student loans, commercial real estate,
and municipal securities. The language makes it clear that
TARP will be held accountable for ensuring that these types
of loans are made available. This is a further step toward
government micro-management of lending decisions. Even worse,
the Fed has already addressed some of these problems, and
there is no evidence that the situation will be improved by
additional TARP programs.
New Foreclosure Programs: Congress has already passed a
wildly unsuccessful program to help homeowners who are facing
foreclosure, and H.R. 384 attempts to both fix the earlier
program and to set up another one. Last year's Hope for
Homeowners program initially promised to help almost 2
million homeowners, but in operation, it has helped fewer
than 500. The bill both tinkers with the existing program and
promises at least $40 billion for a new one to be managed by
the FDIC. Unfortunately, both proposals still face the same
problems, namely the diverse ownership of mortgages caused by
securitizing them into mortgage-backed securities. The Frank
bill lists several options for this program in the hopes that
the new Treasury secretary can come up with a more effective
approach, but all of them face such severe logistical
obstacles that the provision is more wishful thinking than
anything else.
Use the Fed for Future Crises. The financial market dangers
that led to the TARP program, however, are far from over and
could yet require additional governmental action. U.S. and
international credit markets are still undergoing a wrenching
restructuring and repricing of financial assets as markets
adapt to the ending of excessive and risky borrowing. It is
possible for another short-term crisis to once again cause
financial markets to seize up.
However, the first line of defense against these dangers
should be the Federal Reserve Board under its wide, existing
powers--not TARP. While some of the Fed's actions in recent
months have been disconcerting, it is still the most
appropriate institution to address short-term dislocation in
the financial
[[Page H417]]
system. The Fed is also insulated from the political and
lobbying pressures that have caused TARP to range far and
wide from its original purpose. As the Frank legislation
demonstrates, TARP is seen as almost a slush fund that is
available both to respond to real crises and to address
politically sensitive areas. However, the Fed has the ability
to only focus on real situations that require its
intervention while also avoiding political pressure. Rather
than adding still more money to this increasingly untargeted
TARP, Congress should just rely on the Fed to address any
future emergencies.
Time to End TARP. Regardless of valid criticisms about its
day-to-day management and many specific efforts, TARP did
achieve its short term purpose of heading off a financial
catastrophe. However, as the Frank legislation shows, its
future use will be as an increasingly unfocused and under-
supervised fund to help politically active constituencies. It
is time to lay TARP to rest and to move onto other more
urgent priorities.
____
[From the Wall Street Journal, Jan. 15, 2009]
Leadership and Panics
Stocks took another header yesterday, nearly 3% on the Dow
this time, continuing their decline in the New Year since
Congress has returned and as the federal government Once
again revs up its bailout machinery. Maybe this isn't a
coincidence.
With Barack Obama about to take the oath of office, this
ought to be a moment for fresh, more consistent economic
leadership. Instead, we're getting a new version of the same
ad hoc policy and scare-tactics that marked 2008. No clear
spokesman or leader has emerged with a strategy to rebuild
the financial system, and now Mr. Obama's term may begin
without a Treasury Secretary (see below). This is no way to
start a recovery--or a Presidency.
Consider Fed Chairman Ben Bernanke, who used a London
speech on Tuesday to pat the Fed on the back as the Horatio
at the Bridge of this panic. This would have been appropriate
for a Princeton seminar a couple of years from now. Amid the
current uncertainty, however, he succeeded mainly in
suggesting that the financial system is in even worse shape
than we thought, the President-elect's ``stimulus'' isn't
sufficient, and thus more of Mr. Bernanke's policy magic will
be needed to save the day.
``With the worsening of the economy's growth prospects,
continued credit losses and asset markdowns may maintain for
a time the pressure on the capital and balance sheet
capacities of financial institutions,'' he declared.
``Consequently, more capital injections and guarantees may be
necessary to ensure stability and the normalization of credit
markets.'' Message: There's more mayhem to come, but don't
worry, the Fed can keep printing money and buying private
assets. No wonder the world is scared half to death.
The Fed has been creating new vehicles right and left for
nearly 18 months, so the problem isn't a lack of liquidity.
The problem is that too few people want to use the liquidity
the Fed is creating. They don't want to lend money, or take
risks, in part because they never know what Mr. Bernanke and
the government might do next.
Then there's the Treasury's request for the second $350
billion in Troubled Asset Relief Program (TARP) cash. This
commitment to backstop the financial system ought to be
reassuring, especially for financial stocks. Yet in
requesting the funds, Obama transition aide Larry Summers
indulged in familiar scare rhetoric about ``a potential
catastrophe.''
Congress also seems eager to use TARP II to bail out any
and all industries that have powerful enough patrons. The car
makers are already in line for a bigger chunk, and Barney
Frank's draft bill orders Treasury to line up community banks
for a taste--whether they pose a larger risk to the banking
system, or not.
Democrats are also insisting that as much as $100 billion
go to prevent more home foreclosures, though this will have
little impact on housing prices. The evidence from the last
two years is that foreclosure mitigation often merely delays
a reckoning because many of these homeowners never could
afford the home in the first place. Meanwhile, Mr, Frank, the
Dr. Kevorkian of capital injections, wants to impose new
management and compensation restrictions on any institution
that gets TARP money, whether it is well-managed or not. The
bankruptcy ``cramdown'' now streaking through Congress will
also impose more losses that will destroy more bank capital.
Mr. Obama has threatened to veto any Congressional vote of
disapproval for TARP II, so Treasury will get its cash. But
if the money is squandered on foreclosures and nonfinancial
industries, the Obama Administration is setting itself up to
need TARP III or TARP IV down the road. Asset values are
going to continue to fall until they find a market bottom,
and no declaration of Congress can make them stop in mid-
descent. There are going to be more bank failures.
We supported TARP as a way to prevent a financial meltdown,
providing public capital to help regulators manage problem
banks, arrange mergers, and work off bad assets. TARP has
since become a cash pool for all and sundry, casting a pall
over the entire financial system. Mr. Obama would make more
progress against recession if he steered the TARP back to the
purpose that Paul Volcker and Eugene Ludwig first proposed on
these pages--as a resolution agency on the model of the
Resolution Trust Corp. of the 1990s. Working in tandem with
the Federal Deposit Insurance Corp., such an outfit could
close problem banks before they collapse, serve as a holding
and workout agency for bad assets, and then sell them back
over time into private hands.
A new TARP should also have a leader of recognized stature
and independence--not a 30-something assistant secretary--who
isn't afraid to take the heat and can also reassure the
public. Mr. Volcker would be ideal for the job, and for that
matter for overseeing the design of a new, sturdier financial
system. Down the current road lies more uncertainty, and more
market selloffs.
The SPEAKER pro tempore. Without objection, the previous question is
ordered on the motion to recommit.
There was no objection.
The SPEAKER pro tempore. The question is on the motion to recommit.
The question was taken; and the Speaker pro tempore announced that
the noes appeared to have it.
Mr. BARRETT of South Carolina. Madam Speaker, on that I demand the
yeas and nays.
The yeas and nays were ordered.
The SPEAKER pro tempore. Pursuant to clause 9 of rule XX, the Chair
will reduce to 5 minutes the minimum time for any electronic vote on
the question of passage.
The vote was taken by electronic device, and there were--yeas 199,
nays 228, not voting 6, as follows:
[Roll No. 25]
YEAS--199
Aderholt
Akin
Alexander
Altmire
Arcuri
Austria
Bachmann
Bachus
Barrett (SC)
Barrow
Bartlett
Barton (TX)
Biggert
Bilbray
Bilirakis
Bishop (UT)
Blackburn
Blunt
Boehner
Bonner
Bono Mack
Boozman
Boustany
Brady (TX)
Bright
Broun (GA)
Brown (SC)
Brown-Waite, Ginny
Buchanan
Burgess
Burton (IN)
Buyer
Calvert
Camp
Cantor
Cao
Capito
Carney
Carter
Cassidy
Castle
Chaffetz
Chandler
Childers
Coble
Coffman (CO)
Cole
Conaway
Crenshaw
Culberson
Davis (KY)
Deal (GA)
DeFazio
Dent
Diaz-Balart, L.
Diaz-Balart, M.
Doggett
Dreier
Duncan
Ehlers
Ellsworth
Emerson
Fallin
Flake
Fleming
Forbes
Fortenberry
Foxx
Franks (AZ)
Frelinghuysen
Gallegly
Garrett (NJ)
Gerlach
Gingrey (GA)
Gohmert
Goodlatte
Granger
Graves
Griffith
Guthrie
Hall (TX)
Halvorson
Harper
Hastings (WA)
Heller
Hensarling
Herger
Herseth Sandlin
Hill
Hodes
Hoekstra
Hunter
Issa
Jenkins
Johnson (IL)
Johnson, Sam
Jones
Jordan (OH)
Kaptur
King (IA)
King (NY)
Kingston
Kirk
Kline (MN)
Kratovil
Lamborn
Lance
Latham
LaTourette
Latta
Lee (NY)
Lewis (CA)
Linder
LoBiondo
Lucas
Luetkemeyer
Lummis
Lungren, Daniel E.
Mack
Manzullo
Marchant
Matheson
McCarthy (CA)
McCaul
McClintock
McCotter
McHenry
McHugh
McIntyre
McKeon
McMorris Rodgers
Melancon
Mica
Michaud
Miller (FL)
Miller (MI)
Miller, Gary
Minnick
Mitchell
Moran (KS)
Murphy, Tim
Myrick
Nunes
Nye
Olson
Paul
Paulsen
Pence
Petri
Pitts
Platts
Poe (TX)
Posey
Price (GA)
Putnam
Radanovich
Rehberg
Reichert
Roe (TN)
Rogers (AL)
Rogers (KY)
Rogers (MI)
Rohrabacher
Rooney
Ros-Lehtinen
Roskam
Royce
Ryan (WI)
Scalise
Schmidt
Schock
Sensenbrenner
Sessions
Shadegg
Shimkus
Shuler
Shuster
Simpson
Smith (NE)
Smith (NJ)
[[Page H418]]
Smith (TX)
Stearns
Sullivan
Taylor
Teague
Terry
Thompson (PA)
Thornberry
Tiahrt
Turner
Upton
Walden
Wamp
Westmoreland
Whitfield
Wilson (SC)
Wittman
Wolf
Young (FL)
NAYS--228
Abercrombie
Ackerman
Adler (NJ)
Andrews
Baca
Baird
Baldwin
Bean
Becerra
Berkley
Berman
Berry
Bishop (GA)
Bishop (NY)
Blumenauer
Boccieri
Boren
Boswell
Boyd
Brady (PA)
Braley (IA)
Brown, Corrine
Butterfield
Campbell
Capps
Capuano
Cardoza
Carnahan
Carson (IN)
Castor (FL)
Clarke
Clay
Cleaver
Clyburn
Cohen
Connolly (VA)
Conyers
Cooper
Costa
Costello
Courtney
Crowley
Cuellar
Cummings
Dahlkemper
Davis (AL)
Davis (CA)
Davis (IL)
Davis (TN)
DeGette
Delahunt
DeLauro
Dicks
Dingell
Donnelly (IN)
Doyle
Driehaus
Edwards (MD)
Edwards (TX)
Ellison
Engel
Eshoo
Etheridge
Farr
Fattah
Filner
Foster
Frank (MA)
Fudge
Giffords
Gillibrand
Gonzalez
Gordon (TN)
Grayson
Green, Al
Green, Gene
Grijalva
Gutierrez
Hall (NY)
Hare
Harman
Hastings (FL)
Heinrich
Higgins
Himes
Hinchey
Hinojosa
Hirono
Holden
Holt
Honda
Hoyer
Inglis
Inslee
Israel
Jackson (IL)
Jackson-Lee (TX)
Johnson (GA)
Johnson, E. B.
Kagen
Kanjorski
Kennedy
Kildee
Kilpatrick (MI)
Kilroy
Kind
Kirkpatrick (AZ)
Kissell
Klein (FL)
Kosmas
Kucinich
Langevin
Larsen (WA)
Larson (CT)
Lee (CA)
Levin
Lewis (GA)
Lipinski
Loebsack
Lofgren, Zoe
Lowey
Lujan
Lynch
Maffei
Maloney
Markey (CO)
Markey (MA)
Marshall
Massa
Matsui
McCarthy (NY)
McCollum
McDermott
McGovern
McMahon
McNerney
Meek (FL)
Meeks (NY)
Miller (NC)
Miller, George
Mollohan
Moore (KS)
Moore (WI)
Moran (VA)
Murphy (CT)
Murphy, Patrick
Murtha
Nadler (NY)
Napolitano
Neal (MA)
Oberstar
Obey
Olver
Ortiz
Pallone
Pascrell
Pastor (AZ)
Payne
Perlmutter
Perriello
Peters
Peterson
Pingree (ME)
Polis (CO)
Pomeroy
Price (NC)
Rahall
Rangel
Reyes
Richardson
Rodriguez
Ross
Rothman (NJ)
Roybal-Allard
Ruppersberger
Rush
Ryan (OH)
Salazar
Sanchez, Linda T.
Sanchez, Loretta
Sarbanes
Schakowsky
Schauer
Schiff
Schrader
Schwartz
Scott (GA)
Scott (VA)
Serrano
Sestak
Shea-Porter
Sherman
Sires
Skelton
Slaughter
Smith (WA)
Snyder
Space
Speier
Spratt
Stark
Stupak
Sutton
Tanner
Tauscher
Thompson (CA)
Thompson (MS)
Tierney
Titus
Tonko
Towns
Tsongas
Van Hollen
Velazquez
Visclosky
Walz
Wasserman Schultz
Waters
Watson
Watt
Waxman
Weiner
Welch
Wexler
Wilson (OH)
Woolsey
Wu
Yarmuth
NOT VOTING--6
Boucher
Neugebauer
Solis (CA)
Souder
Tiberi
Young (AK)
Announcement by the Speaker Pro Tempore
The SPEAKER pro tempore (during the vote). There are 2 minutes
remaining on this vote.
{time} 1634
Mrs. HALVORSON changed her vote from ``nay'' to ``yea.''
So the motion to recommit was rejected.
The result of the vote was announced as above recorded.
(By unanimous consent, Mr. Coble was allowed to speak out of order.)
Moment of Silence in Memory of the Honorable Horace R. Kornegay, Former
Member of Congress
Mr. COBLE. Madam Speaker and colleagues, I regret to inform the House
of the passing of a former Member of this body, Horace Kornegay. Horace
was elected as a Democrat to the 87th Congress and the three succeeding
Congresses. He did not seek reelection in 1968 and became the vice
president and counsel, then president, and subsequently chairman of the
Tobacco Institute. He returned to Greensboro, North Carolina, in
January of 1987 and resumed the practice of law and remained there
until his passing today.
Madam Speaker, I would ask the Chair to allow a moment of silence in
memory of Horace Kornegay.
The SPEAKER pro tempore. Members please rise to observe a moment of
silence in respect to our departed colleague.
Announcement By the Speaker Pro Tempore
The SPEAKER pro tempore. Without objection, 5-minute voting will
continue.
There was no objection.
The SPEAKER pro tempore. The question is on the passage of the bill.
The question was taken; and the Speaker pro tempore announced that
the ayes appeared to have it.
Recorded Vote
Mr. FRANK of Massachusetts. Madam Speaker, I demand a recorded vote.
A recorded vote was ordered.
The SPEAKER pro tempore. This will be a 5-minute vote.
The vote was taken by electronic device, and there were--ayes 260,
noes 166, not voting 7, as follows:
[Roll No. 26]
AYES--260
Abercrombie
Ackerman
Adler (NJ)
Andrews
Arcuri
Baca
Baird
Baldwin
Barrow
Bean
Becerra
Berkley
Berman
Berry
Bishop (GA)
Bishop (NY)
Blumenauer
Boccieri
Boren
Boswell
Boyd
Brady (PA)
Braley (IA)
Brown, Corrine
Buchanan
Butterfield
Camp
Campbell
Capps
Capuano
Cardoza
Carnahan
Carney
Carson (IN)
Castle
Castor (FL)
Chandler
Childers
Clarke
Clay
Cleaver
Clyburn
Cohen
Connolly (VA)
Cooper
Costa
Costello
Courtney
Crowley
Cuellar
Cummings
Dahlkemper
Davis (AL)
Davis (CA)
Davis (IL)
Davis (TN)
DeFazio
DeGette
Delahunt
DeLauro
Diaz-Balart, L.
Diaz-Balart, M.
Dicks
Dingell
Doggett
Donnelly (IN)
Doyle
Driehaus
Edwards (MD)
Edwards (TX)
Ehlers
Ellison
Ellsworth
Engel
Eshoo
Etheridge
Farr
Fattah
Filner
Foster
Frank (MA)
Fudge
Giffords
Gillibrand
Gonzalez
Gordon (TN)
Grayson
Green, Al
Green, Gene
Griffith
Grijalva
Gutierrez
Hall (NY)
Halvorson
Hare
Harman
Hastings (FL)
Heinrich
Herseth Sandlin
Higgins
Hill
Himes
Hinchey
Hinojosa
Hirono
Hodes
Hoekstra
Holt
Honda
Hoyer
Inslee
Israel
Jackson (IL)
Jackson-Lee (TX)
Johnson (GA)
Johnson, E. B.
Kagen
Kanjorski
Kaptur
Kennedy
Kildee
Kilpatrick (MI)
Kilroy
Kind
Kissell
Klein (FL)
Kosmas
Kratovil
Kucinich
Lance
Langevin
Larsen (WA)
Larson (CT)
LaTourette
Lee (CA)
Levin
Lewis (GA)
Lipinski
Loebsack
Lofgren, Zoe
Lowey
Lujan
Lynch
Maffei
Maloney
Markey (CO)
Markey (MA)
Massa
Matheson
Matsui
McCarthy (NY)
McCollum
McCotter
McDermott
McGovern
McMahon
McNerney
Meek (FL)
Meeks (NY)
Melancon
Michaud
Miller (MI)
Miller (NC)
Miller, George
Mitchell
Mollohan
Moore (KS)
Moore (WI)
Moran (VA)
Murphy (CT)
Murphy, Patrick
Murtha
Nadler (NY)
Napolitano
Neal (MA)
Nye
Oberstar
Obey
Olver
Ortiz
Pallone
Pascrell
Pastor (AZ)
Payne
Perlmutter
Perriello
Peters
Pingree (ME)
Polis (CO)
Pomeroy
Price (NC)
Rahall
Rangel
Reichert
Reyes
Richardson
Rodriguez
Rogers (MI)
Ross
Rothman (NJ)
Roybal-Allard
Ruppersberger
Rush
Ryan (OH)
Salazar
Sanchez, Linda T.
Sanchez, Loretta
Sarbanes
Schakowsky
Schauer
Schiff
Schock
Schrader
Schwartz
Scott (GA)
Scott (VA)
Serrano
Sestak
Shea-Porter
Sherman
Sires
Skelton
Slaughter
Smith (WA)
Snyder
Souder
Space
Speier
Spratt
Stark
Stupak
Sutton
Tanner
Tauscher
Teague
Thompson (CA)
Thompson (MS)
Tierney
Titus
Tonko
Towns
Tsongas
Turner
Upton
Van Hollen
Velazquez
Visclosky
Walz
Wasserman Schultz
Waters
Watson
Watt
Waxman
Weiner
Welch
Wexler
Wilson (OH)
Woolsey
Wu
Yarmuth
NOES--166
Aderholt
Akin
Alexander
Altmire
Austria
Bachmann
Bachus
Barrett (SC)
Bartlett
Barton (TX)
Biggert
Bilbray
Bilirakis
Bishop (UT)
Blackburn
Blunt
Boehner
Bonner
Bono Mack
Boozman
Boustany
Brady (TX)
Bright
Broun (GA)
Brown (SC)
Brown-Waite, Ginny
Burgess
Burton (IN)
Buyer
Calvert
Cantor
Cao
Capito
Carter
Cassidy
Chaffetz
Coble
Coffman (CO)
Cole
Conaway
Crenshaw
Culberson
Davis (KY)
Deal (GA)
Dent
Dreier
Duncan
Emerson
Fallin
Flake
Fleming
Forbes
Fortenberry
Foxx
Franks (AZ)
Frelinghuysen
Gallegly
Garrett (NJ)
Gerlach
Gingrey (GA)
Gohmert
Goodlatte
Granger
Graves
Guthrie
Hall (TX)
Harper
Hastings (WA)
Heller
Hensarling
Herger
Holden
Hunter
Inglis
Issa
Jenkins
Johnson (IL)
Johnson, Sam
Jones
Jordan (OH)
King (IA)
King (NY)
Kingston
Kirk
Kirkpatrick (AZ)
Kline (MN)
Lamborn
Latham
Latta
Lee (NY)
Lewis (CA)
Linder
LoBiondo
Lucas
Luetkemeyer
Lummis
Lungren, Daniel E.
Mack
Manzullo
Marchant
Marshall
McCarthy (CA)
McCaul
McClintock
McHenry
McHugh
[[Page H419]]
McIntyre
McKeon
McMorris Rodgers
Mica
Miller (FL)
Miller, Gary
Minnick
Moran (KS)
Murphy, Tim
Myrick
Nunes
Olson
Paul
Paulsen
Pence
Peterson
Petri
Pitts
Platts
Posey
Price (GA)
Putnam
Radanovich
Rehberg
Roe (TN)
Rogers (AL)
Rogers (KY)
Rohrabacher
Rooney
Ros-Lehtinen
Roskam
Royce
Ryan (WI)
Scalise
Schmidt
Sensenbrenner
Sessions
Shadegg
Shimkus
Shuler
Shuster
Simpson
Smith (NE)
Smith (NJ)
Smith (TX)
Stearns
Sullivan
Taylor
Terry
Thompson (PA)
Thornberry
Tiahrt
Walden
Wamp
Westmoreland
Whitfield
Wilson (SC)
Wittman
Wolf
Young (FL)
NOT VOTING--7
Boucher
Conyers
Neugebauer
Poe (TX)
Solis (CA)
Tiberi
Young (AK)
Announcement by the Speaker Pro Tempore
The SPEAKER pro tempore (during the vote). There are 2 minutes
remaining on this vote.
{time} 1644
So the bill was passed.
The result of the vote was announced as above recorded.
A motion to reconsider was laid on the table.
Stated for:
Mr. CONYERS. Madam Speaker, on rollcall No. 26, final passage of H.R.
384, I was unable to vote. Had I been present, I would have voted
``aye.''
Stated against:
Mr. POE of Texas. Madam Speaker, on rollcall No. 26, had I been
present, I would have voted ``no.''
____________________