[Congressional Record Volume 156, Number 172 (Tuesday, December 21, 2010)]
[Extensions of Remarks]
[Page E2221]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         HONORING DAVID CAVICKE

                                 ______
                                 

                         HON. EDWARD J. MARKEY

                            of massachusetts

                    in the house of representatives

                       Tuesday, December 21, 2010

  Mr. MARKEY of Massachusetts. Madam Speaker, my friend and fellow 
member of Red Sox nation, David Cavicke, the Chief of Staff for the 
Republicans on the Energy and Commerce Committee, is leaving the 
Committee in January after nearly 16 years on the Hill at the 
Committee. Mr. Cavicke is an institutionalist--he has sought to work 
quietly on a bipartisan basis to advance the good of the country across 
the array of issues within the jurisdiction of the Committee.
  Over the years, Mr. Cavicke has ably served the Republican Members of 
the Energy and Commerce Committee. But he has also helped facilitate 
bipartisan compromise on many vital issues. In 1995, he staffed then-
Subcommittee Chairman Jack Fields when our Committee enacted the 
National Securities Markets Improvement Act, which rationalized various 
aspects of federal securities laws. Two years later, under then-
Subcommittee Chairman Oxley, he worked with my office to bring the New 
York Stock Exchange and NASDAQ Stock Market out of the 18th century and 
into the 21st by ending government mandated pricing in fractions and 
moving to decimal pricing. The Common Cents Stock Pricing Act of 1997 
provided the impetus to end fractionalized trading which cost investors 
$3 billion a year. Each year American investors, rather than 
professional floor traders and NASDAQ market makers, will put that $3 
billion to more productive uses, such as saving for retirement and 
children's education.
  Following the transfer of the Committee's securities jurisdiction 
over to the Financial Services Committee, Mr. Cavicke moved into a 
management role on the Republican staff. In that capacity, he has been 
relentlessly fair and has always sought to work to provide procedural 
due process to all members of the Committee regardless of the issue of 
the moment. I join in expressing the thanks of the Members of the 
Committee for his service, and our best wishes.

                          ____________________