[Congressional Record Volume 161, Number 114 (Tuesday, July 21, 2015)]
[House]
[Pages H5300-H5301]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
CARING FOR OUR VETERANS HERE AT HOME
The SPEAKER pro tempore. The Chair recognizes the gentleman from
Minnesota (Mr. Emmer) for 5 minutes.
Mr. EMMER of Minnesota. Mr. Speaker, today I would like to recognize
John Enstrom of Elk River and the Disabled Veterans of America
organization for all the incredible work they have done and continue to
do for our Nation's veterans.
On August 5, John is hosting a charity fishing event in Ramsey,
Minnesota. He is hosting the event for disabled American veterans.
Along with friends and volunteers, John plans to bring 150 wounded
veterans to a private lake for a great day of fishing, games, and
simply enjoying the great Minnesota outdoors.
Our veterans have stood for our country's freedom and individual
liberty, all the while putting their lives on the line. Disabled
veterans have sacrificed in order to protect and serve our great
Nation.
It is an extraordinary kind of person who cares for others so deeply.
I would like to thank John and the Disabled Veterans of America not
only for all the work they have done for this event, but for also
recognizing that veterans need and deserve to be cared for once they
return home.
Small Community Banks Harmed by Dodd-Frank
Mr. EMMER of Minnesota. Mr. Speaker, I rise today on the fifth
anniversary of Dodd-Frank to share a story from a small community bank
that has three locations in my district. This bank is struggling due to
the additional regulation that Dodd-Frank has imposed on them.
They were forced to hire a full-time compliance director in addition
to retaining two outside compliance firms. This has cost the bank
nearly $100,000 more a year. In addition, numerous other staff members
now have to take time away from revenue-generating activities to
satisfy the compliance regulations of Dodd-Frank.
They told me: ``Compliance has always been a cost that is just a part
of our business. However, since Dodd-Frank, this cost has expanded
greatly. Unfortunately, since there is no offsetting revenue for the
expanding cost, we are forced to consider passing on costs to our
customers with additional fees.''
Mr. Speaker, I wish I could say this is an isolated occurrence, but a
recent study shows that Dodd-Frank has added 61 million hours of
paperwork and more than $24 billion in final rule costs for the
financial industry in this country. Nationwide, we have lost
approximately 1500 community banks already.
The 5 years since Dodd-Frank was signed into law have been marked
with 5 years of failure.
Undefeated Season Ends with State Championship Title
Mr. EMMER of Minnesota. Mr. Speaker, I rise today to acknowledge and
congratulate the Anoka-Hennepin Mustangs for being named the 2015
Minnesota State champions in physically impaired adapted softball.
Comprised of students from Andover, Anoka, Blaine, Champlin Park, and
Coon Rapids, these players were a force to be reckoned with at this
year's State championship tournament. Having earned the number one
seed, the Mustangs went into the tournament boasting 11 wins, with more
than 167 runs scored during this season.
With the momentum of an undefeated season, the Mustangs cruised to
victory at the recent State championship. After scoring nearly a dozen
runs and completing a few notable double plays, the Mustangs won the
championship game with an 11-8 victory over the Rochester Raiders. Even
more impressive, the Mustang championship win ended a 6-year winning
streak for the previous defending champions.
I ask that this body join me in congratulating these tremendous
athletes.
Well done.
Siding with American Farmers
Mr. EMMER of Minnesota. Mr. Speaker, I rise today to speak in support
of the House Agriculture and the Energy and Commerce Committees'
actions on the Safe and Accurate Food Labeling Act of 2015, of which I
am a cosponsor.
Biotechnology is nothing new. Norman Borlaug, a researcher and legend
in my home State, was the ``father of the Green Revolution'' while at
the University of Minnesota due to his groundbreaking work on high-
yield crops that have fed billions of people around the globe.
[[Page H5301]]
American farmers already deal with heavy compliance regulations to
ensure that our food is safe to eat. Families must know that Borlaug's
incredible accomplishment and the hard work of the American farmer is
not in vain.
It is no surprise that I am not a fan of the Federal bureaucracy, but
on this issue we must stand with American farmers on the health and
safety of our food. We should move in the right direction, and the
House should pass this bipartisan legislation that will create a
voluntary label that supports farmers and American families.
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