EXTENSIONS OF REMARKS

∑ This ‘‘bullet’’ symbol identifies statements or insertions which are not spoken by a Member of the Senate on the floor.

Matter set in this typeface indicates words inserted or appended, rather than spoken, by a Member of the House on the floor.

July 26, 2012 CONGRESSIONAL RECORD — Extensions of Remarks E1335 

RED TAPE REDUCTION AND 

SMALL BUSINESS JOB CREATION 

ACT 

SPEECH OF

HON. RUBE ́N HINOJOSA OF TEXAS

IN THE HOUSE OF REPRESENTATIVES

Wednesday, July 25, 2012 

The House in Committee of the Whole 

House on the state of the Union had under 

consideration the bill (H.R. 4078) to provide 

that no agency may take any significant regulatory action until the unemployment rate 

is equal to or less than 6.0 percent: 

Mr. HINOJOSA. Mr. Chair, I rise today in 

support of the Amendment offered by my esteemed colleague from Florida, Mr. POSEY

(#25). His Amendment would ensure that the 

rule recently approved by the Internal Revenue Service requiring that interest payments 

on foreign deposits be reported to the IRS 

would not move forward. This is extremely important to the region which I represent, deep 

South Texas. Our community banks and local 

economies benefit from investments and deposits from non-residents, and would be 

harmed by the serious loss of capital caused 

by these depositors fleeing our communities. 

Many of these depositors have chosen to 

bank in the United States because of the stability of our financial institution system. If this 

ruling goes into effect, and these deposits 

evaporate, the capacity of these banks to invest in the local economies diminishes. 

A Mercatus Center 2004 study of a similar 

rule projected that $88 billion of capital would 

exit United States banks if the rule were to 

take effect. At a time of extreme economic fragility, we need this capital to stay on our 

shores. Additionally, many foreign depositors 

have chosen to bank in the United States for 

security reasons; their home countries may be 

politically unstable, and they fear that personal 

financial information released by the United 

States may fall into the wrong hands, making 

them a target. 

Lastly, the Internal Revenue Service has exceeded its authority. Foreigners do not pay 

taxes on interest earned on deposits, so there 

is no reason for these deposits to be reported 

to the IRS. Congress intended to attract capital to the United States by allowing these deposits to go interest-free; to force these depositors to report will run contrary to this original intent. 

I urge all my colleagues to support this 

Amendment that will prevent much-needed 

capital from fleeing the American economy. 

f 

RECOGNIZING MR. PHIL 

WHITFIELD 

HON. EDDIE BERNICE JOHNSON OF TEXAS

IN THE HOUSE OF REPRESENTATIVES

Thursday, July 26, 2012 

Ms. EDDIE BERNICE JOHNSON of Texas. 

Mr. Speaker, I rise today to recognize the civic 

and cultural contributions of Mr. Phil Whitfield, 

a fellow Texan who currently serves as curator 

for the art collection featured at Cowboys Stadium. 

Since growing up in Oak Cliff, Texas, Mr. 

Whitfield’s loyalty to the Dallas Cowboys was 

inherent, and remains steadfast to this day. 

He grew up cheering on the Cowboys when 

their games were at the Cotton Bowl. In 1993, 

Mr. Whitfield began working as a security 

guard at Texas Stadium, which served as the 

home field of the Dallas Cowboys from 1971 

to 2008. Mr. Whitfield remained in this position 

until he was hired to work at the new Cowboys Stadium to oversee the stadium’s extensive art collection. 

Cowboys Stadium currently features 19 

pieces of contemporary art, and Mr. Whitfield 

works with each artist to create beautiful installations. His passion and appreciation for 

art comes second only to his devotion to the 

Cowboys. Mr. Whitfield devotes considerable 

time and effort to each individual work of art 

and its respective creator. Today, Cowboys 

Stadium boasts artistic diversity which millions 

of fans have long since enjoyed. 

Mr. Speaker, it is my pleasure to recognize 

Mr. Whitfield’s contributions to Texas’ beloved 

Cowboys Stadium. Cowboys fans from all over 

appreciate how the stadium’s collection is 

being highlighted and maintained by a loyal 

fan such as Mr. Phil Whitfield. 

f 

PERSONAL EXPLANATION 

HON. BETTY SUTTON OF OHIO

IN THE HOUSE OF REPRESENTATIVES

Thursday, July 26, 2012 

Ms. SUTTON. Mr. Speaker, due to unforeseen circumstances, I was not able to cast 

votes last night. Had I been present— 

I would have voted ‘‘yes’’ on rollcall No. 

514. 

I would have voted ‘‘yes’’ on rollcall No. 

515. 

I would have voted ‘‘yes’’ on rollcall No. 

516. 

I would have voted ‘‘yes’’ on rollcall No. 

517. 

I would have voted ‘‘yes’’ on rollcall No. 

518. 

f 

IN RECOGNITION OF THE 75TH ANNIVERSARY OF CAROLINAS MEDICAL CENTER-NORTHEAST 

HON. LARRY KISSELL OF NORTH CAROLINA

IN THE HOUSE OF REPRESENTATIVES

Thursday, July 26, 2012 

Mr. KISSELL. Mr. Speaker, I rise today in 

honor of Carolinas Medical Center-NorthEast, 

and the celebration of its 75th Anniversary. 

Carolinas Medical Center-NorthEast is a regional 457-bed, not-for-profit medical center in 

Concord, NC, delivering top quality care to the 

community. 

Over the past 75 years, Carolinas Medical 

Center-NorthEast has grown from a small, 

local hospital to a regional referral center, offering state of the art care to thousands. In 

this time, they have established a reputation 

for excellence in the areas of cancer care, 

neurosciences, cardiology, and high risk obstetrics. 

In 1937, in an effort to care for his employees, Cannon Mills owner Charles A. Cannon, 

and George A. Batte, Jr. opened Cabarrus 

County Hospital. Years later in 1951, in honor 

of World War II veterans, Cabarrus County 

Hospital officially changed its name to the 

Cabarrus Memorial Hospital. During the 

1990s, the hospital grew to a 60-acre medical 

campus with specifically designed centers for 

women’s services, surgery, and cancer and 

cardiac care. In 2006, NorthEast Medical Center opened the Jeff Gordon Children’s Hospital, to work to ensure the absolute best care 

for children in the area. A year later, in 2007, 

NorthEast Medical Center joined the Carolinas 

Healthcare System, and assumed its current 

name, Carolinas Medical Center-NorthEast. 

This hospital, which was conceived to care for 

workers, is now our area’s top employer. 

Among the awards and recognition that 

Carolinas Medical Center-NorthEast has received are J.D. Power and Associates Distinguished Hospital Program for Excellence in 

Maternity Services and Emergency Services. 

The hospital is also a recipient of the United 

States Department of Health and Human 

Services’ Medal of Honor for organ donation, 

as well as a ‘‘Top Performer’’ award in patient 

satisfaction for overall quality from Professional Research Consultants in 2012. 

Today, I ask all Members of Congress to 

join me in honoring Carolinas Medical CenterNorthEast, as an asset to the people I am 

proud to represent in North Carolina. 

f 

HONORING MR. VAN WHITE 

HON. KEITH ELLISON OF MINNESOTA

IN THE HOUSE OF REPRESENTATIVES

Thursday, July 26, 2012 

Mr. ELLISON. Mr. Speaker, I rise today in 

honor of Van White and to recognize his dedicated service to the great state of Minnesota. 

Born on August 2, 1924, Mr. White was a 

lifelong resident of north Minneapolis. Mr. 

White first learned how to lead at the age of 

10 when the death of his father left him to 

help raise his four younger siblings. Upon 

graduating from Patrick Henry High School in 

1943, Mr. White entered the work force as a 

construction worker and later construction site 

supervisor for the City of Minneapolis where 

he remained for the next 18 years. He was 

then appointed to be the acting assistant manager for the Northside Branch of the Minnesota Department of Economic Security, now 

known as the Minnesota Department of Employment and Economic Development. 

Mr. White was passionate about uplifting his 

community. He was active in organizations 


smartinez on DSK6TPTVN1PROD with REMARKS