macleginn/stanford_congress_record_longer_speeches huggingface dataset:
Date: 1986-06-25
Speaker: DE LA GARZA (democrat)
Chamber: H

Mr. Chairman. the gentlewoman from Illinois in her very eloquent way is wrong. This concept. we are sharing. The gentlewoman should be grateful and my colleague. the gentleman from Michigan. should be grateful and my distinguished colleague. the chairman of the subcommittee. should be grateful. For the first time. we are bringing in the local community. We are not doing all of the expense. We are sharing with the local communities. We are sharing with the States. We are sharing with the counties. The infrastructure is going to be built. This is a novel and beautiful and good concept that we share with the localities and all the expenditure does not come from the Navy. from the Federal taxpayers. but we are sharing with the local entities. Also. I would tell my colleagues in response to my distinguished friend and brother. the gentleman from California. you cannot feed the children. you cannot house the elderly. you cannot house the poor. you cannot provide for their energy and welfare. unless you have the security of this Nation. Everything is lost if you do not have the security of the Nation. and the security of the Nation entails. yes. the World War II concept. Forget about the missiles. Ten missiles will do us in today. Bang. and that is it. and there is no world as we know it. We have to have the ships for the sealanes. We have to have the old concept of World War II to keep peace in the Nicaraguas and in the South Africas and the Lebanons. We may be right. we may be wrong. I take no responsibility--
Date: 1986-06-25
Speaker: DE LA GARZA (democrat)
Chamber: H

Mr. Chairman. I thank the gentleman. So what we are talking about here is not feeding the poor. housing the elderly. providing for infrastructure. We are talking about. the integrity and security for the future of this Nation. and for that you need a Navy. The missiles. forget. I agree with the gentleman from California. We need no more missiles. Ten will do us in. I agree with the gentleman 100 percent. We should not be talking about how many more missiles. match them one by one. but we have to have the conventional security to provide for wheat to go to one area. for rice to go to another area. to have the conventional ability to feed the world. the poor of the world. That entails a conventional security. not missiles. We have got too many already. When we wentpast 10. we should have stopped. I agree with the gentleman. We are talking now about how to disperse the Navy. now to provide for the security of my boy to fight his war in the Mediterranean for the integrity and security of this Nation.
Date: 1986-06-25
Speaker: DE LA GARZA (democrat)
Chamber: H

I thank the gentleman for yielding. Mr. Chairman. I would just like to answer my colleague from California. These are not nuclear powered. The concept of refurbishing the old battlewagons are not nuclearpowered operations. This is conventional operation. We do not need to confuse the issue in that area.
Date: 1986-06-26
Speaker: LEE IACOCCA (democrat)
Chamber: S

Chrysler Corp. Detroit. MI DEAR MR. IACOCCA: The nation is impressed with the progress being made in the restoration of the Statue of Liberty and with the plans for its rededication. You have earned both our thanks and our congratulations. One aspect of the program has not come to my attention in the press and I am therefore asking you directly about it. That is the question of how many seats will be provided for the public free of charge and how they. will be allotted. It would be a travesty if a monument that is a symbol of welcome to the tired. the poor. the homeless and the tempest tossed. should not offer a place for them on this occasion. I am confident that you will not let this happen and I look forward to hearing of the arrangements that you have made. Sincerely.
Date: 1986-06-26
Speaker: DAVID L. WOLPER (democrat)
Chamber: S

Chairman/Executive Producer. Liberty Weekend. New York. NY. DEAR MR. WOLPER: Thank you for responding to my letter addressed to Lee Iacocca inquiring whether the general. public would have access to the principal ceremonies. I understand your point that millions of people will be able to view the scene from the shore line and from the Verrazano and George Washington Bridges. But it is not the same thing as being present at the event. It is my strong recommendation that you invite. as guests of Liberty Weekend. some representative citizens. Selection of the individuals to be invited will not be easy. but I suggest that the choices come from groups such as senior citizens. handicapped children. and the large number of new citizens who will be naturalized on July Fourth. I believe that the ceremonies will be more meaningful. both substantively and symbolically. if the attendance is expanded in this way. Sincerely.
Date: 1986-07-16
Speaker: ST GERMAIN (democrat)
Chamber: H

Mr. Speaker. I ask unanimous consent that the Committee on Banking. Finance and Urban Affairs be permitted to sit during proceedings of the House under the 5minute rule on Thursday. July 17. to mark up the Money Laundering Control Act of 1986. The ranking minority member. Mr. WYLIE. ooncurs in this request.
Date: 1986-07-16
Speaker: DE LA GARZA (democrat)
Chamber: H

Mr. Chairman. I yield 5 minutes to the chairman of the subcommittee. the gentleman from Tennessee . who. along with the gentlemcn from Missouri . has done excellent work in this endeavor. And. Mr. Chairman. because of a personal commitment I am going to ask the gentleman from Tennessee to manage the bill on behalf of the committee for the balance of the debate.
Date: 1986-07-16
Speaker: DE LA GARZA (democrat)
Chamber: H

Mr. Chairman. the gentleman from Illinois is completely correct. The committee and its subcommittee received substantial testimony on the speculative limit. hedging. and aggregation issues. The committee. as expressed in its report. concluded that these were important issues which the Commission should resolve as high priority items on the regulatory agenda. We recognized that. at least in the first instance. these issues called for the Commissions expert scrutiny. The committee will be thoroughly exercising its oversight powers to follow the Commissions progress toward removing regulatory barriers in these areas and expects to receive periodic. regular Commission briefing from Chairman Phillips on Commission action in these areas.
Date: 1986-07-16
Speaker: DE LA GARZA (democrat)
Chamber: H

Mr. Chairman. I move to strike the requisite number of words. I rise in opposition to the pending amendment. I do so hopefully to close the debate very briefly. Mr. Chairman. To correct some innuendo or misconception or bad perception of the situation regarding leverage. we heard wellintentioned. possibly. but out of the scope of the debate on the basic issue about rascality and fraud and in the dark of the night. that has nothing to do with it. Actually. it is a very simple question. In this great country of ours. the United States of America. the customer. the consumer. is king. The entrepreneur looks to see where he might sell an item or a service. This is how. leverage got started. Several people saw a need and were able to provide it and they have provided it. but what I wanted to bring forward to the Members is this thing about they are not regulated. They are more regulated. if I might say. the regulations from the CFTC for customer -protection. they have minimum adjusted net capital requirements of $2.5 million. Cover requirements are at least .90 percent of LTMs customer obligations must be covered with either physical commodities or futures contracts. At least 25 percent of LTMs total obligations must be covered with physical commodities. Leverage transaction requirements. leverage transactions timestamped to within nearest 10 seconds (absolutely chronological audit trail maintained for leverage transactions). 10 seconds. This is not done by the Securities and Exchange Commission. We are now looking to doing it in the futures. It is said that somehow this is different. that if regulated in the exchange. it will provide a profit for everyone who ventures into it. This is not done in any market and specifically in the securities and exchange area. No one is guaranteed a profit. No one is guaranteed that he is not going to lose money. I do not care what the percentages are. You have further that confirmations are issued to customers within 24 hours of transactions. Customer may rescind first transaction within 3 days. It is just replete. Mr. Chairman. with regulations. They are really more regulated than the exchanges in the Securities and Exchange Commission. So let us put out of our minds this rascality and in the dark of night. That has no place here. The basic issue Is that a couple individuals. now they are basically down to two. saw a need that was presented to them. in their opinion. for a service. They have provided it. Some people make money. some people lose money. This is when you play in the market. The issue now here is. do we. by law. put out of business two firms that have not done anything that is illegal. immoral. or does not affect the health. safety or morals of our community? It is Just a service which they have provided which is played. as you do in the stock exchanges. as you do in the futures market. and as you do with leverage. So the question is. do we. by law. put someone out of business that is doing nothing that impacts on health. safety and morals? I say "no."
Date: 1986-07-16
Speaker: DE LA GARZA (democrat)
Chamber: H

That is enough for me to answer the gentleman. What the gentleman does. he puts them out of business. He moves them. They have to go to the exchange.
Date: 1986-07-16
Speaker: DE LA GARZA (democrat)
Chamber: H

This has nothing to do with 1929 and the financial crash. Right now there isinside manipulation. If you read the headlines. the problem is not in this area. The problem is in the stock exchanges. manipulation inside. people getting rich and so on. That is where the mess is. Even though they are closely scrutinized and supervised. the rascality is in another exchange. It is not in the leverage area. Basically. that is where we are. that the committee in its wisdom refused to deal in the way the gentleman presents it. both in the subcommittee and in the full committee. The CFTC has theirown opinion on it. but the issue here is now. do we sustain what the committee has done. which is a very fragile compromise. a very fragile compromise that eventually will lead to the area of more competition? Certainly you cannot. have more supervision than you have now. I would hope the Members would vote with the committee and against the amendment.
Date: 1986-07-16
Speaker: DE LA GARZA (democrat)
Chamber: H

Mr. Chairman. I would like to inform the gentleman that our committee is -already doing this. has already initiated preliminary steps for an investigation of this sort. Actually. this amendment is not needed. We are willing to go along because the gentleman is wellintentioned and is trying to make a qualitative contribution. but our committee has already initiated a study that will bring in every sector that needs to be brought in for the study.
Date: 1986-07-16
Speaker: DE LA GARZA (democrat)
Chamber: H

Mr. Chairman. one unique thing that our committee would like to get to is that there is too much confusion. There is somewhat a degree of emotion. The cattlemen and the producers do not all stand together. This association says yes. This one says no. This cattlemens association says they play the market. This one says they dont. So this has not been done by any of the previous studies. to my knowledge. of what it is that the producer feels is wrong with it. how it impacts on him. That is one area that we are going to look into.
Date: 1986-07-16
Speaker: DE LA GARZA (democrat)
Chamber: H

Mr. Chairman. I move to strike the requisite number of words. Mr. Chairman. very briefly. I do not take the floor to urge you to vote one way or another on this issue. But I take the floor because I think the basic integrity of the Committee on Agriculture has been impugned and attacted sort of with a cloak of using the word "rascality" and "in the dark of night." and implied that we in the committee somehow have protected something illegal and bad for the cornInunity and for the citizens of tlis country. - I That is not so. What emotions prompted the speakers to use that approach I do not know. It is not that important to us how you vote on the issue. But we want you to be apprised of the issue. The issue is that the comrittee studied the proposal and the subcommittee did not accept the amendment. The whole committee did not accept the amendment No matter how you slice it. these people are regulated. In the stock exchange. you do not have audit trail. In the futures exchange. you do not have audit trail. They have 10 seconds on a chronological audit trail. A purchaser may rescind his transaction within 3 days. They have to read to him the contents of the contract and he has to sign that he was read the contract. This is what we are debating here. Somehow I get the implication that the committee did not do its job. We did. I know there was some confusion. Some Members thought they were voting on the cattle issue. Other Members thought they were voting on a consumer issue. retail or what have you. That is not the case. The case is that there is a place in America for this type of transaction. Leverage contracts cannot work with commodities that go from season to season. You are not going to have a futures contract on wheat deliverable 10 years or 8 years or 5 years. Actually what it is is the two firms that are involved. but that is not important. The important thing is a private individual who wishes to invest. it is more like an investment in real estate. the leverage Is. You invest a few pennies. a few dollars. and you have an opportunity to win or to lose. as you do in the stock market. For someone to say here that this type of leverage contract you are assumed to lose. you will be fleeced. but not in the stock market where they are manipulatingnow you read in the newspapers where you have inside information. that is regulated. One final thing. and please listen to me on this thing. There are shops that do this that are not regulated. These are not touched. So if you take those two businesses out. they will be left to the State solely to contract little shops or movable shops that trade in gold in silver. Saying you would just send them into the futures market. you are just putting them out of business. That is my concern. basically. that we here by law will put out of business the legitimate businessman that. because of his ingenuity. is in an area that was at one time a gray area. We have legislated. We have now tried to correct that. I do hope that a few Members will see fit to vote with us.
Date: 1986-07-16
Speaker: DE LA GARZA (democrat)
Chamber: H

The gentleman Is correct. The poor. the small consumer will best be served if you vote no. We hope that you vote with us to maintain the integrity of the committee. Vote "no."
Date: 1986-07-22
Speaker: ROBERT C. BYRD (democrat)
Chamber: S

U.S. Senate. Washington. DC. DEAR SENATOR BYRD: During your trip to the Soviet Union in September of 1985. you and your delegation brought the case of Mr. Anatoly Ponomaryov. a prisoner of conscience. to the attention of Soviet officials. Mr. Ponomaryovs name was included with other victims of human rights abuse and presented in a letter to Mr. Mikhail Gorbachev. I am writing to let you kow that Mr. Ponomaryov has been recently released. We are overjoyed with this news since it ends Mr. Ponomaryovs seven year confinement. We can only hope that his release is permanent and that he will not be confined again. Although It Is difficult to determine with certainty the reason the Soviets chose to release him. we feel that your work on Mr. Ponomaryovs behalf was influential in bringing about his freedom. We thank you wholeheartedly for your help in this particular case and we are grateful for your commitment to human rights issues. Sincerely.
Date: 1986-07-24
Speaker: DE LA GARZA (democrat)
Chamber: H

I thank my distinguished chairman for yielding to me. First. as chairman of the authorizing committee. let me commend the chairman and all the members of the subcommittee and those members of the full committee for the work they have done in this endeavor. I assure you that my commendation comes not only from myself but from all of the other members of our committee for the work that they have done. and coming in under budget as they have. I think it might be well to mention very briefly that we in agriculture in spite of the very difficult times we are having throughout the United States. in the Southeast. in the Midwest. all the other areas of our country. we have done the responsible job. In the past 5 years or so. we have reduced over $20 billion in the authorizing legislation in cooperation with the Committee on Appropriations. We have come in under the budget. But I think it would be well to note that everything agriculture. if you were to just dismantle the Department of Agriculture. the impact on the total budget would not be but slightly over 3 percent. The commodity market that is now the theme of so many prominent newspapers throughout the United States. that. at best. is not much more than 1 percent of the total budget. Yet we have the bestfed people in the world for the lowest amount of disposable income in the world per family. So that is due to the work of the members of the Committee on Agriculture. authorizing committee. working with the chairman and ranking members and members of the Committee on Appropriations. I would like to commend the gentleman for the excellent work that you have done to carry out the intent in this instance of the authorization and basically to give the assistance that we give to rural America and to the producers of this great country of ours and still be responsible budgetwise.
Date: 1986-07-24
Speaker: DE LA GARZA (democrat)
Chamber: H

Mr. Chairman. I thank the gentleman for yielding this time to me. Mr. Chairman. I do this only for clarification perhaps or information from the gentleman from MississlppL We provided in the farm authorizing legislation emergency financing for the Federal Crop Insurance Corporation. There is a limitation in the bill here. But there is the concern that there may not be adequate funding with the drought in the Southeast and other problem areas. I wonder If the distinguished chairman could enlighten me as to what would be the situation under circum. stances such as that? I yield to the gentleman for his response.
Date: 1986-07-24
Speaker: DE LA GARZA (democrat)
Chamber: H

For that we thank the Good Lord and I appreciate the gentleman giving me this information. I know that It is not the intent of your committee and certainly not of ours that we in any way restrict the Crop Insurance Corporation but that we cooperate with them. and if the need be there. that we give them that assistance necessary.
Date: 1986-07-24
Speaker: DE LA GARZA (democrat)
Chamber: H

Mr. Chairman. the amendment would increase the appropriation for the Animal and Plant -Health Inspection Service by $300.000. The additional $300.000 is to be used by the Animal and Plant Health Inspection Services Animal Damage Control Program to control or eradicate grackles In those areas where they are causing economic loss to citrus.
Date: 1986-07-29
Speaker: DE LA GARZA (democrat)
Chamber: H

Mr. Speaker. I rise today to take a moment to pay homage to my departed friend and former colleague. Edward Alexander Garmatz. As I take this opportunity to add little grains of sand to that which was Eddie Garmatz. I recall how when I came here as a young fellow in 1965. 1 was privileged to serve under this tutelage on the Committee on Merchant Marine and Fisheries. I will always remember the finesse and proficiency with which he executed his responsibilities as committee chairman. He was truly masterful and particularly helpful in both guiding a novice and helping a younger Member to get his feet planted squarely on the ground. For that knowledge. I will always owe him a debt of gratitude. The range of fond memories I have of Eddies expertise are many. but among them. I will remember the first year I served on his committee. how I sent him Texas Rio Grande Valley Ruby Red grapefruit. From that good day until the day of his death. Eddie Garmatz ordered Ruby Red grapefruit from the Alamo Fruit Co. in my district. His constancy in this respect was just another sign of the stability which resulted in his translating his exceptional skills as a legislator into substantive achievements on behalf of his State and his country. Just as each member of a committee imparts an indelible impression. each chairman leaves behind a legacy. Eddie Garmatz will long be remembered not only as a great Congressman. but also as a great chairman. For having had the privilege of knowing Eddie Garmatz. I am grateful. For serving with him. I am indeed a better man.
Date: 1986-08-01
Speaker: DE LUGO (democrat)
Chamber: H

Mr. Speaker. I would like to pay special thanks to the chairman of the Subcommittee on Courts. Civil Liberties and the Administration of Justice. the gentleman from Wisconsin for his help in working out a piece of legislation that was of tremendous importance to all of the territories.
Date: 1986-08-01
Speaker: DE LA GARZA (democrat)
Chamber: H

Mr. Speaker. I ask unanimous consent that the Committee on Agriculture may have until midnight tomorrow. Saturday. August 2. 1986. to file a report on the bills. H.R. 5242 and H.R. 5288.
Date: 1986-08-05
Speaker: DE LA GARZA (democrat)
Chamber: H

Mr. Speaker. I move to suspend the rules and pass the bill to provide emergency assistance to farmers and ranchers adversely affected by this years drought and excessively hot weather. as amended.
Date: 1986-08-05
Speaker: DE LA GARZA (democrat)
Chamber: H

Mr. Speaker. I yield 3 minutes to the distinguished chairman of the Subcommittee on Conservation and Credit. the gentleman from Tennessee .
Date: 1986-08-05
Speaker: DE LA GARZA (democrat)
Chamber: H

Mr. Speaker. I would state to our distinguished colleagues that that time limitation is not in law. and is not in our bill but rather in the regulations. and we certainly would be very happy to work with the gentleman either in conference or working with the Department to see if the added time would be feasible and what can be done to alleviate the problem. should there be a problem.
Date: 1986-08-05
Speaker: DE LA GARZA (democrat)
Chamber: H

Mr. Speaker. I yield myself such time as I may consume. Mr. Speaker. I thank the distinguished gentleman from Illinois for his cooperation and for the fine statement. with which I concur wholeheartedly.
Date: 1986-08-06
Speaker: DE LA GARZA (democrat)
Chamber: H

Madam Speaker. in a few moments we will be voting on the suspensions from Monday and yesterday. The third suspension. H.R. 5288. will be the drought assistance legislation which we debated on the floor yesterday. We cannot say enough about what farmers. about what the individual citizens have done to assist our brethren in the Southeast. This is the first and perhaps the only opportunity we will have as Members of Congress to have our imprint and to assist in that endeavor. and I urge all Members to vote to support this legislation and give it as near a unanimous vote as we can so that we can tell our friends that are suffering from the drought that we care and that we. within the constraints that we have. budget and otherwise. nonetheless are trying to do our best to assist them in this endeavor.
Date: 1986-08-06
Speaker: DE LA GARZA (democrat)
Chamber: H

Chairman of the Committee of the Whole House on the State of the Union. reported that that Committee. having had under consideration the bill to authorize funds for construction of highways. for highway safety programs. and for mass transportation programs. to expand and improve the relocation assistance program. and for other purposes had come to no resolution thereon.