[Congressional Record (Bound Edition), Volume 155 (2009), Part 5]
[House]
[Pages 6751-6752]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       STOCK MARKET RECOVERY ACT

  (Mr. KIRK asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. KIRK. Mr. Speaker, the stock market has rendered a bipartisan 
verdict on the policies of this Congress. From the year end to the 
inauguration, it fell 5 percent. From Secretary Geithner's speech to 
the budget, it fell 12 percent. From the budget to today, it fell 
another 11 percent.
  We are now suffering from the fastest market decline ever, faster 
than even

[[Page 6752]]

under Presidents Hoover or Roosevelt. The market has fallen in part 
because it has learned more about this Congress--record borrowing, 
rigged union elections, 9,000 earmarks, and nationalizing health care.
  I think it's time to look at new policies to help stocks, like 
suspending the mark-to-market rule that triggers bank runs and 
restarting the uptick rule to undercut the short sellers.
  Today, I will introduce the Stock Market Recovery Act with these two 
key reforms. We are digging an economic hole, and it's time to get out, 
and these reforms will help.

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