macleginn/stanford_congress_record_longer_speeches huggingface dataset:
Date: 2016-02-02
Speaker: AL GREEN (democrat)
Chamber: H
State: Texas

Mr. Chairman. the gentleman from Texas is imminently correct. We are friends. I say it in the sincerest way as well. He and I have collaborated on many issues. and we have gotten a lot of things done in Congress. I hope that doesnt hurt him back home. letting people know that we have worked on things together. But. obviously. I have a different perch. and from my perch here is what I see. I see an opportunity for additional credit scoring to be used. and if it is negative. it is not going to benefit the person that is being scored. It does not prevent any other negative information from being properly scored. It simply says that HUD may use this information. indicating that persons have paid a light bill. gas bill. water bill. or phone bill as additional information. That is all it says. that it may do this and it may create the scoring. Now. with reference to HUD. HUD has given me an indicationand I dont have it in writing to hand to you. Mr. Chairman. but I believe you would trust my wordthat they are not opposing this. One of the reasons why it wasnt done previously was a function of HUDs budget. I believe this to be the reason. And because of budgetary concerns. it did not get doneit was codified in the lawand that is why I am reintroducing it. But this is a milder version of what I introduced previously. because previously we said HUD shall do this. and this time we have made it as mild as possible. The Realtors are very much supportive of it. This will give 50 million people who are currently with light credit files. dont have sufficient credit scores. to have some additional information to be considered. But it does not in any way require that negative information be received in a positive manner. If it is negative. it remains negative. If you havent paid your car note. it is still a negative. If you havent paid your light bill. gas bill. or water bill. it is still a negative. It only gives the opportunity to add these other things as things to consider for many people who. quite frankly. dont have a lot of traditional credit. They dont have bad credit. they just dont have traditional credit. There are a lot of my constituents who fall into this category. Mr. Chairman. I yield back the balance of my time.
Date: 2016-02-02
Speaker: AL GREEN (democrat)
Chamber: H
State: Texas

Mr. Chairman. I demand a recorded vote. The Acting CHAIR. Pursuant to clause 6 of rule XVIII. further proceedings on the amendment offered by the gentleman from Texas will be postponed.
Date: 2016-02-02
Speaker: JACKSON LEE (democrat)
Chamber: H

Mr. Chairman. I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: At the end of the bill. add the following new title:
Date: 2016-02-02
Speaker: JACKSON LEE (democrat)
Chamber: H

Mr. Chairman. I thank the chairman and ranking member of the full committee and express my excitement in talking about reform and real housing issues. If there is ever an issue that we. as Members of Congress. are confronted with when we go home to our districts. it is about people who need housing. about people who dont have housing. about people who have poor housing. about seniors who need housing. about young families who need housing. I am delighted to be part of this reformation that has been done by the Committee on Financial Services and to acknowledge the chairman and the ranking member of the subcommittee from which this comes and to congratulate this bipartisan process. I am delighted to offer an amendment. I thank the Rules Committee for making it in order. for I think it adds to the improvement of some of the issues that we are confronted with. My amendment indicates that the Secretary of Housing and Urban Development. in consultation with the Secretary of Labor and with other relevant agencies. shall submit a report to Congress annually that goes to the heart of some of the issues unaddressed of interagency strategies of such departments that are designed to improve family economic empowerment by linking housing assistance with essential supportive services. such as employment. counseling. training. financial education and growth. child care. transportation. meals. youth recreational activities. and other supportive services. It goes on to say: any actions taken in the preceding year to carry out such strategies and the extent of progress achieved by such actions. My amendment recognizes that. in addition to housing connecting lowincome families to job training and supportive services. such as child care. transportation. it is key to enabling families across the countryfrom Texas to California. from New York to Californiato access employment and other services that foster upward economic mobility and family stability. It allows them to look at their family structure and at people who are in need. My amendment acknowledges and recognizes that helping families achieve economic empowerment requires interagency collaboration. Let me cite. Mr. Chairman. two supportive letters from the National Coalition for the Homeless and from the Heartland Alliance. which are supporting this constructive and instructive amendment to find out what our families need to be strong.
Date: 2016-02-02
Speaker: JACKSON LEE (democrat)
Chamber: H

I am delighted to tell the story of Finney from the Houston Housing Authority where we gave her supportive services through the Family Sufficiency Program. She has gotten to the point of attaining a credit score of 640. and she is now a proud homeowner. What a legacy. So I would ask my colleagues to support this amendment. Mr. Chairman. how much time do I have remaining? The Acting CHAIR. The gentlewoman from Texas has 2 minutes remaining.
Date: 2016-02-02
Speaker: JACKSON LEE (democrat)
Chamber: H

Mr. Chairman. unfortunately. as my dear colleague from Guam missed her time in which to offer her amendment. I ask unanimous consent to modify my amendment with the modification by the gentlewoman from Guam . which I have placed at the desk. The Acting CHAIR. The Clerk will report the modification.
Date: 2016-02-02
Speaker: JACKSON LEE (democrat)
Chamber: H

Mr. Chairman. I thank the gentleman from Texas. I was very pleased to help out the gentlewoman from Guam. and I want to indicate that these are two amendments that stand on their own right. I close by indicating the purpose of the amendment offered by Ms. JACKSON LEE to again refer to Finney. a woman who tried to get a home. She stayed in the program and completed the criteria that was needed for her to qualify. She earned wages of at least $20.000 and got that credit score and established a savings account of $1.000. This is what we are talking about with regard to supportive services. What we want to do is to emphasize employment counseling. financial education. growth. child care. transportation. meals. youth recreational activities. and other supportive services. I am very glad to have the support. if you will. of the National Coalition for the Homeless of Houston. Harris County. as well as of the Heartland Alliance to be able to say that this makes for a better roadmap for getting housing to people who are in need. I celebrate the fact that we are on the floor with this reform bill. talking about housing. I ask my colleagues to support the Jackson Lee amendment. Mr. Chairman. I yield back the balance of my time.
Date: 2016-02-02
Speaker: GENE GREEN (democrat)
Chamber: H
State: Texas

Mr. Chair. during Rollcall vote No. 50 on the Pazazzo Amendment. I was unavoidably detained. Had I been present. I would have voted "no."
Date: 2016-02-02
Speaker: GENE GREEN (democrat)
Chamber: H
State: Texas

Mr. Chair. during rollcall vote No. 51 on the Al Green amendment. I was unavoidably detained. Had I been present. I would have voted "yes." The Acting CHAIR. The question is on the amendment in the nature of a substitute. as amended.
Date: 2016-02-02
Speaker: JACKSON LEE (democrat)
Chamber: H

Madam Speaker. almost 2 years ago I led a bipartisan delegation. the first congressional delegation. to Nigeria to assess and address the crisis of Boko Haram. At that time. it was in the immediate aftermath of the taking of the Chibok girls in a previous administration. Boko Haram was doing the kind of raiding and rabblerousing that may have been part of burning villages. That time has now passed. And in the last 48 hours. Boko Haram poured gasoline on children and burned them. Boko Haram has now become a marauding and crusading. vile. evil. and vicious group. It takes in the space and areas of Nigeria. Cameroon. Chad. and Niger. It is important for us. as Members of Congress working with the administration. to call upon these nations to again collaborate and work together. They have pledged their support to ISIL. I am very glad that. in the course of the Homeland Security Committee. Judiciary Committee. Intelligence Committee. Armed Forces Committee. Boko Haram is not going to get away. There will not be boots on the ground. but we must stomp out Boko Haram because they are killing children all in Africa and they are dastardly committers of violence against civil society.
Date: 2016-02-03
Speaker: CAROLYN B. MALONEY (democrat)
Chamber: H
State: New York

Mr. Speaker. this Sunday "60 Minutes" highlighted an explosive undercover investigation by Global Witness. which showed just how easy it is for criminals and corrupt officials to use anonymous shell companies to bring dirty money into the United States. The reason it is so easy is because States dont require the disclosure of the true beneficial ownership of shell companies. This is unacceptable. and it has to stop. As Global Witness stated. "anonymous shell companies are like getaway cars for crooks." That is why I am reintroducing a law. along with my good friend and colleague. Representative PETER KING. which would require that the person creating the corporation say who the beneficial owner is and. also. to explain who really owns the company. If States do not require and get this information. then. as a backstop. the United States Treasury will have this information before an account can be opened. This is a commonsense. bipartisan attack on what is a major national security and law enforcement issue. I urge my colleagues to join us in passing this important legislation.
Date: 2016-02-03
Speaker: MAXINE WATERS (democrat)
Chamber: H
State: California

Mr. Chairman. I yield 3 minutes to the gentleman from Massachusetts . the ranking member of the Task Force to Investigate Terrorism Financing on the Financial Services Committee.
Date: 2016-02-03
Speaker: KYRSTEN SINEMA (democrat)
Chamber: H
State: Arizona

The Streamlining Excessive and Costly Regulations Review Act is about accountable and representative government and making sure that the SEC is taking an ongoing retrospective look at its regulation. This legislation would simply require the SEC to review its major rules and regulations on a regular basis to determine whether they are still effective or outdated or whether they need to be changed in some regard. In fact. other prudential regulators. such as the FDIC. the OCC. and the Federal Reserve. are already doing this. During the mid1990s. the Economic Growth and Regulatory Paperwork Reduction Act. or EGRPRA. required these entities to conduct a retrospective review of all of their regulations to determine if they were still effective and. subsequently. report their findings to Congress. Because the House Banking Committee at the time did not have jurisdiction over the SEC. the SEC was left out of this process. Title V would simply require the SEC to retrospectively review its regulations with the goal of ensuring that they are effective and up to date. It would enable the SEC to operate in the most effective manner possible. It would afford the SEC the autonomy and flexibility to make this mandate effective. President Obama himself endorsed this idea in multiple 2011 executive orders. and the other prudential regulators are already operating under a similar review process. This legislation simply puts the SEC on the same playing field as the other regulators. Moreover. this bill provides Congress with the insight it needs to hold the Commission accountable. and the legislation adheres to the requirements of the Administrative Procedure Act. All said. the structure and the process of title V will provide industry. the SEC. and Congress. with the structure and time necessary to ensure that this retrospective review process is effective. I ask my colleagues to join me in supporting this title so that we can continue to improve the SECs regulatory regime. In closing. let me again thank the committee chairman. Chairman HENSARLING. and Chairman GARRETT. who is our Capital Markets and Government Sponsored Enterprises Subcommittee chair. for making these two provisions a part of this act. I urge my colleagues to vote "yes" on this good bill.
Date: 2016-02-03
Speaker: MAXINE WATERS (democrat)
Chamber: H
State: California

Mr. Chairman. I yield 3 minutes to the gentlewoman from New York . the ranking member of the Subcommittee on Capital Markets and Government Sponsored Enterprises of the Financial Services Committee.
Date: 2016-02-03
Speaker: CAROLYN B. MALONEY (democrat)
Chamber: H
State: New York

Mr. Chairman. I thank the ranking member for yielding and for her leadership on this committee and on this legislation. I rise today in opposition to H.R. 1675. It would curtail the existing regulatory structure protecting investors. While this package includes bills that I have supported. including the ETF research bill. which simply allows more research on a fastgrowing market. ultimately. I have to oppose this package because it would roll back the progress that we have made in many areas. including on XBRL. I rise in opposition to the prior speaker from the great State of Virginia. really. one of my favorite Republicans to work with on the committee. but I oppose very much his bill that would roll back XBRL and would allow roughly 60 percent of all public companies to opt out of the requirement to use XBRL. I believe that this would hurt the overall economy. the liquidity of the markets. and the information that investors are able to gain and gather. I am a big supporter of XBRL. which allows companies to file their financial statements in a computerreadable format. XBRL makes it possible for investors and analysts to quickly download standardized financial statements for an entire industry directly to a spreadsheet and immediately start making crosscompany comparisons in order to identify the best performers. I would argue that this would increase the amount of investment in startups and small businesses. This would enable investors to more easily identify the companies that are diamonds in the rough. so to speak. and very often. these are small companies that have innovative business models but have trouble attracting the attention of analysts and institutional investors. One reason is it is simply too timeconsuming for analysts and investors to pick through every small companys 100page financial filings. A small companys filings may tell an incredible story about why that company is poised to be the next Apple or Google. But if the socalled search costs are high enough that analysts and investors never see them. then that company will never get the capital infusion it needs to grow and our economy will never realize the benefits that the company has to offer. This is where XBRL comes in. It dramatically reduces the search costs by making it fast and cheap for investors to gather standardized financial statements for entire industries. including the small businesses that the investors wouldnt have bothered with before. So if you want to improve small companies access to capital. rolling back XBRL is the last thing you would want to do. I believe that we should be moving forward. not backward. on XBRL. We are already far behind the rest of the developed world in using structured data. I rise in opposition to this bill. The Acting CHAIR. The time of the gentlewoman has expired.
Date: 2016-02-03
Speaker: CAROLYN B. MALONEY (democrat)
Chamber: H
State: New York

I think we should think very hard about an issue before we take away a tool that literally benefits both investors and small companies. Unfortunately. that is what this bill would do. Instead of moving forward on XBRL and making it even more useful for analysts and investors. the bill would allow roughly 60 percent of all public companies to opt out of their requirements to use XBRL. This would effectively take our capital markets back to the 20th century. Mr. Chairman. I urge my colleagues to oppose this bill which doesnt benefit investors and I would say the overall economy. I urge a "no" vote from my colleagues.
Date: 2016-02-03
Speaker: MAXINE WATERS (democrat)
Chamber: H
State: California

Mr. Chairman and Members. I yield myself such time as I may consume. Since the gentleman from New Jersey talked about the President and blamed him for everything he could think of. the administration is sending you a message. The administration strongly opposes H.R. 1675. "Among other flaws. this bill includes several provisions that pose risks to investors. are overly broad. allow financial institutions to avoid appropriate oversight. and are duplicative of existing administrative authorities." Thank you from President Obama. H.R. 1675 is yet another Republican attempt to deregulate Wall Street during the 114th Congress. We have seen time and time again that Republicans will stop at nothing to launch attacks at the expense of American consumers and taxpayers in order to help the largest Wall Street banks. This bill is another example of these tactics. So far during this Congress. Republicans on the Financial Services Committee have taken a number of measures to undermine consumers. undermine investors. and undermine financial stability. Some of the worst examples of this include: Change in the structure of the Consumer Financial Protection Bureau. Ladies and gentlemen. the Republicans hate the Consumer Financial Protection Bureau. and they have tried to bog the agency down in partisan gridlock and disfunction. Republicans never wanted to create the CFPB. Now that it is there and it is successful. they want to undercut it. Deregulating large banks by removing the enhanced prudential standards established by the DoddFrank Act. This would allow large regional megabanks to escape basic rules related to capital. liquidity. and leverage established after the crisis. Allowing discriminatory markups on automobile loans for racial and ethnic minority borrowers. Republicans want auto finance companies to be able to gouge minority consumers with interest rate markups even when those consumers are equally creditworthy compared to their White counterparts. Removing consumer protections on mortgages for the largest banks. The Republicans would remove vital consumer protections from the riskiest mortgage products sold by the largest banks in this country. The bill also would allow mortgage brokers to get hefty bonuses for steering borrowers into expensive and complex mortgage products. Eliminating DoddFrank protections related to manufactured housing loans. thereby allowing consumers to be charged skyhigh interest rates without providing them guaranteed housing counseling or legal recourse. Undermining the Financial Stability Oversight Council. Our consolidated regulator in charge of monitoring systemic risk among the financial system by doubling the time it would take for them to designate risky nonbank companies for extra supervision. We should not be surprised about this bill today. It is consistent with everything that they have been doing in order to protect Wall Street. the biggest banks that are too big to fail. This again is consistent with everything they have been doing. I yield back the balance of my time.
Date: 2016-02-03
Speaker: MAXINE WATERS (democrat)
Chamber: H
State: California

Mr. Chairman. I rise in opposition to the amendment even though I am not opposed to the amendment. The Acting CHAIR. Without objection. the gentlewoman from California is recognized for 5 minutes.
Date: 2016-02-03
Speaker: CAROLYN B. MALONEY (democrat)
Chamber: H
State: New York

Mr. Chairman. I rise in support of the gentlemans well thought out and meaningful amendment. All financial regulators in the developed world require searchable PDFs. as his bill would allow. and that is why the Securities and Exchange Commission began requiring the extensible business reporting language. XBRL is the global standard for structured financial reporting. Why should we be any different? By removing the requirement for 60 percent of the firms. as H.R. 1965 does. is a step backward for corporate transparency and the ability for investors to invest in new startups. It is a wellthoughtout amendment. I congratulate you on it. I support it.
Date: 2016-02-03
Speaker: CAROLYN B. MALONEY (democrat)
Chamber: H
State: New York

Mr. Chairman. as the designee of the gentleman from Minnesota . the prime author of the amendment. of which I am a lead cosponsor. I offer an amendment. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Strike title IV. The Acting CHAIR. Pursuant to House Resolution 595. the gentlewoman from New York and a Member opposed each will control 5 minutes. The Chair recognizes the gentlewoman.
Date: 2016-02-03
Speaker: WATSON COLEMAN (democrat)
Chamber: H

Madam Speaker. I ask unanimous consent that all Members have 5 legislative days to revise and extend their remarks and to include extraneous material on the subject of my Special Order.
Date: 2016-02-03
Speaker: WATSON COLEMAN (democrat)
Chamber: H

Madam Speaker. we are particularly grateful for both Representative KILDEE and Representative LAWRENCE for having elevated this discussion to the point that we are giving it serious consideration. I yield to the gentlewoman from Michigan . a Cosponsor of this Special Order hour.
Date: 2016-02-03
Speaker: WATSON COLEMAN (democrat)
Chamber: H

I would like to thank the Congresswoman. Another very strong and strident voice on behalf of all the citizens in the State of Michigan. and particularly with regard to the issue confronting our victims. the citizens as well as the city officials in Flint. Michigan. is our Congresswoman DINGELL from Michigan.
Date: 2016-02-03
Speaker: WATSON COLEMAN (democrat)
Chamber: H

I thank the gentlewoman very much for not only her eloquent words but the fact that she can speak from her scientific background. being a microbiologist. Absolutely there is science in this issue. Now I yield to the cochair of the Progressive Caucus. the gentleman from Minnesota .
Date: 2016-02-03
Speaker: WATSON COLEMAN (democrat)
Chamber: H

I thank Mr. ELLISON. and I appreciate him taking the time to be here. I yield to the gentleman from Virginia .
Date: 2016-02-03
Speaker: WATSON COLEMAN (democrat)
Chamber: H

Very quickly. I would like to acknowledge the fact that Congressman JOHN CONYERS of the 13th District of Michigan was here and has left a statement. which I will submit. with regard to this issue and the fact that he visited Flint. Michigan. just the other day. I also want to just state two things very briefly. number one. something that Congresswoman CLARKE spoke to. which is that these are permanent concerns that we have. This impairment that has taken place as a result of exposure to lead is something that these young people will carry the rest of their lives. It is not just what we are going to do about trying to educate them now. It is how we are going to address this as they move through adulthood and how that impacts their ability to take care of their lives and to have careers. to be responsible. So I do hope that the Governor does. indeed. do the investigations and the work that he needs to do in order to address these issues immediately. I hope the Federal Government does the kind of investigation of everybody included in this situation. including the Governor. to see just why this had to happen in the first place. Finally. I yield to the eloquent and vivacious and everready Congresswoman from the great State of Texas