House Proceeding 05-07-09 on May 7th, 2009 :: 0:00:00 to 0:20:00
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Speech By: Ellen O. Tauscher

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Ellen O. Tauscher: amendment adopted in the committee of the whole. under the rule, the previous question is ordered. is a separate vote demanded by

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House Clerk: -- on any amendment to th amendment reported by the committee of the whole? if not, the question is on the adoption of the amendment. those in favor say aye. those opposed, no. is agreed. the question is on the engrossment and third read ofinge of the bill. those in favor say aye.

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Speech By: House Clerk

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House Clerk: those opposed, no. the clerk: to provide certain minimum standards for consumer mortgage loans and for other purposes. the speaker pro tempore: for what purpose does the gentleman from texas rise? mr. sessions: i have a motion to recommit at the desk. the speaker pro tempore: the

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House Clerk: house will be in order. is the gentleman opposed to the bill? mr. sessions: i am in its current form. the speaker pro tempore: the

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Pete Sessions: gentleman yawl fis if the chloric will report the motion. the clerk: mr. sessions moves that the -- house be reported back to the house forthwithwith the following amendment, section 106 of the housing and urban development act of --

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Speech By: Pete Sessions

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Pete Sessions: mr. sessions: i request that -- i ask unanimous consent that we dispense with the reading. the speaker pro tempore: without objection, so orde the gentleman from texas is recognized for five minutes. mr. sessions: yesterday in the rules committee, i offered two

0:01:44 to 0:02:04( Edit History Discussion )

Pete Sessions: amendments to this legislation. madam speaker, the house is not in order. the speaker pro tempore: the gentleman is correct. mobes -- members on both sides of the aisle will take your seattles. the house will not proceed until the house is in order. the gentleman from texas.

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Pete Sessions: mr. sessions: thank you, madam speaker. i appreciate the members of the body allowing us time so we can get home. my first amendment yesterday asked for the courts to limit fees for attorney filing lawsuits created by this legislation to reasonable levels to ensure that real victims of predatory lending,

0:02:26 to 0:02:46( Edit History Discussion )

Pete Sessions: not trial lawyers, are fairly compensated for wrongdoing. unsurprisingly this was rejected by the committee democrats on a party line volt of 9-4. in rejecting this amendment, my democratic colleagues chose to put trial lawyer fees over victims' compensation in cases where homeowners have been defraud.

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Pete Sessions: my second amendment would require this acorn meet the same transparency and reporting requirements that democrats demanded from any financial institutions receiving tarp funds. madam speaker, the house is not in order. the speaker pro tempore: the gentleman is correct. the house will be in order. debate will not proceed until

0:03:10 to 0:03:31( Edit History Discussion )

Pete Sessions: the house is in order. the gentleman from texas. mr. sessions: thank you, madam speaker. my amendment would have ensured accountability and transparency for any taxpayer funds distributed as a result of this legs legs. i'll repeat that. my amendment would have ensured accountability and transparency for any taxpayer funds

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Pete Sessions: distributed as a result of this legislation, just like tarp funding we have already passed in this body. but once again my colleagues in the rules committee decided to vote against this in favor of the special interests and the amendment failed. madam speaker, the main

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Pete Sessions: component of this amendment really received -- was not received because it singled out acorn as a group. and i noet that it has a -- and i note that it has a well documented past of deceit and fraud and just this week akon has been accused of 26 counts

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Pete Sessions: of breaking fraud in nevada and seven accounts brought against a democratic prosecutor in pennsylvania. so i'm offering this motion to recommit to extend transparency and good government provisions from my original amendment to any group that is receiving government grants for legal or housing counseling. mr. frank: will the gentleman

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Pete Sessions: yield? mr. sessions: i would yield to the gentleman. mr. frank: i appreciate the gentleman countering my objection. i support the motion to recommit and i hope it is adopting. mr. sessions: i appreciate the gentleman for accepting this. in the spirit of what you have done, i appreciate that because it lives up to the gentleman's

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Barney Frank: word of ac it is my hope that by what i'm going to do now will assure it will be in the final bill. madam speaker, i will ask for a recorded vote. mr. frank: madam speaker. the speaker pro tempore: for what purpose does the gentleman from massachusetts rise? mr. frank: point of der. mr. sessions: i yield back my time.

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Speech By: Barney Frank

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Barney Frank: the speaker pro tempore: the gentleman from texas yields back. mr. frank: had not yet given been given my time. and maybe -- the speaker pro tempore: does the gentleman seek time in opposition? mr. frank: yes. in the absence of any other member -- the speaker pro tempore: gentleman is recognized for five minutes.

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Barney Frank: mr. frank: to say that we're going to support the amendment. i am puzzled as what a roll call would accomplish except some missed planes. so i will now yield back the balance of mtime and promise to vote yes very ldly. the speaker pro tempore: the gentleman yields back his time. without objection, the previous question is ordered. the question is on the motion to recommit. those in favor say aye. those opposed, no. the ayes have it.