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House Proceeding on Feb 28th, 2007 :: 5:41:15 to 5:48:51
Total video length: 10 hours Stream Tools: Stream Overview | Edit Time

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Marsha Blackburn

5:36:05 to 5:41:15( Edit History Discussion )
Speech By: Marsha Blackburn

Marsha Blackburn

5:41:03 to 5:41:15( Edit History Discussion )

Marsha Blackburn: back to congress after decisions to the relevant committees with jurisdiction. and it is supported by the treasury department, by the business community, by the intelligence community. and we

Jeb Hensarling

5:41:15 to 5:41:33( Edit History Discussion )

Jeb Hensarling: hope to get a strong vote today on the floor for it. >> host: and, as far as its practice, as it lookss at security risks, what will it involve -- what kind of questions are they going to ask to

Jeb Hensarling

5:41:15 to 5:48:51( Edit History Discussion )
Speech By: Jeb Hensarling

Jeb Hensarling

5:41:33 to 5:41:46( Edit History Discussion )

Jeb Hensarling: see if a company who wants to invest is going to prove to be a security risk? >> guest: first of all, the process is voluntary. so companies make a decision to go into it and one of the problems with dubai

Jeb Hensarling

5:41:46 to 5:42:01( Edit History Discussion )

Jeb Hensarling: ports, the definition of security risks were pre-9/11. it was very focused on military and military products and so forth. this is a broader definition which encompasses homeland security such

Jeb Hensarling

5:42:01 to 5:42:18( Edit History Discussion )

Jeb Hensarling: as our ports, voting machines, and other things that might pose a national security risk. >> host: the "financial times" made this their lead editorial today, actually. they write that -- the

Jeb Hensarling

5:42:18 to 5:42:33( Edit History Discussion )

Jeb Hensarling: headline, cfius needs a lighter investigatory touch. they say the rift overseas investors come to believe that they are not well come. >> guest: we have well over 1.4 trillion in foreign investment

Jeb Hensarling

5:42:33 to 5:42:49( Edit History Discussion )

Jeb Hensarling: creating millions of jobs in our country. we do not want to discourage foreign investment. the foreign investment community and business have endorsed this bill because business wants clarity. they want

Jeb Hensarling

5:42:49 to 5:43:10( Edit History Discussion )

Jeb Hensarling: to know how they can get their company approved and move forward quickly. if you move forward in the investigation, there's a 30-day period, which is the same for any antitrust review. it's a review

Jeb Hensarling

5:43:10 to 5:43:31( Edit History Discussion )

Jeb Hensarling: many companies go forward in any new auisition or expansion. so there is a 30-day review after which the treasury secretary or his deputies sign off on it and you go forward. if there is a national

Jeb Hensarling

5:43:31 to 5:43:43( Edit History Discussion )

Jeb Hensarling: security concern, then there is an automatic 45-day extension and for foreign-owned businesses, which is a different level. it is an automatic 75-day review, unless the secretary of treasury

Jeb Hensarling

5:43:43 to 5:44:01( Edit History Discussion )

Jeb Hensarling: signs off and says that there is absolutely no -- no risk to our homeland security. it's a balanced bill. it protects our national security with a post-9/11 concerns that we have, while still giving

Jeb Hensarling

5:44:01 to 5:44:16( Edit History Discussion )

Jeb Hensarling: a clear guidelines to businesses, which they want. they want clarity. they want to get out of the gray, into the black and white. what i do have to do to invest? just tell me clearly what i have to do.

Jeb Hensarling

5:44:16 to 5:44:34( Edit History Discussion )

Jeb Hensarling: and they want clear guidelines. this gives them clear guidelines. i have a deep stake in this bill because new york city is not only terrorist target number 1. we are a big commercial center, with

Jeb Hensarling

5:44:34 to 5:44:52( Edit History Discussion )

Jeb Hensarling: a tremendous amount of foreign investment, which helps grow our economy, creates many of our jobs, foreign investment was one of the reasons we were able to bounce back so strongly after 9/11,

Jeb Hensarling

5:44:52 to 5:45:05( Edit History Discussion )

Jeb Hensarling: so we believe in and support foreign investment but certainly do not want foreign governments owning our ports, owning our voting machines, or other things that are part of our national security

Jeb Hensarling

5:45:05 to 5:45:23( Edit History Discussion )

Jeb Hensarling: concern. >> host: the editors of "the wall street journal" talk about this more this morning and they say the real danger is the threat of four amendments from pro texists in both parties. is

Jeb Hensarling

5:45:23 to 5:45:36( Edit History Discussion )

Jeb Hensarling: this going to have? >> guest: we have 12 amendments filed late last night. the rules committee voted for an open rule. the chairwoman and speaker pelosi and the chairman, barney frank believed we

5:45:36 to 5:45:57( Edit History Discussion )

should have open rules much the . the opposition party has called for open rules. we've already had more in than in the two years they ran it. we will have to go to the floor and defend our position

5:45:57 to 5:46:13( Edit History Discussion )

and debate it in front of the american people and have votes and be accountabl @w vm @ @ @ @ @ @ r#@ @ @ @ @ @ @ @ @ @ @ " @ @ @ @ @ @ m@ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ y,

Jeb Hensarling

5:46:13 to 5:46:29( Edit History Discussion )

Jeb Hensarling: @ @ @ @ @ @ @ @ @ @ )@ #b)@ @ @ @ @ @ @ @ @ @ @ @ @ @ @ rs)n so, i'm not commenting specifically on the port decision, because i think that is a different situation because it is a government-owned

Jeb Hensarling

5:46:29 to 5:46:46( Edit History Discussion )

Jeb Hensarling: organization which would have taken over the ports. the private foreign investment has always been a strong point of the american economy. because i live in france, general electric, for example,

Jeb Hensarling

5:46:46 to 5:47:03( Edit History Discussion )

Jeb Hensarling: has its worldwide medical competence center in france. i don't think it is a good idea we don't want foreign direct investment because, for one thing, that has created lots of jobs in the u.s.

Jeb Hensarling

5:47:03 to 5:47:25( Edit History Discussion )

Jeb Hensarling: >> host: okay, caller. made your point. got to leave it at that. representative? >> guest: thank you for mentioning my work to get overseas americans counted in the census. we are in a global economy

Jeb Hensarling

5:47:25 to 5:47:40( Edit History Discussion )

Jeb Hensarling: and many americans are living overseas and should be part of the census of america and, also, encouraged to vote in our elections and continue with their citizenship in america. the point you raise

Jeb Hensarling

5:47:40 to 5:47:57( Edit History Discussion )

Jeb Hensarling: is very, very important. we welcome foreign investment. the bill is not to discourage direct foreign investment that creates american jobs and grows and expands our economy. the purpose is for national

Jeb Hensarling

5:47:57 to 5:48:15( Edit History Discussion )

Jeb Hensarling: security. so, the toyota investment, i would believe that the managers of this investment would like this bill because it clearly states in black and white what they need to do to get their purchase

Jeb Hensarling

5:48:15 to 5:48:33( Edit History Discussion )

Jeb Hensarling: approved quickly and supported by the united states government. so, our bill is a balanced bill. it protects national security but, at the same time, gives clear, definite guidelines for quick,

Jeb Hensarling

5:48:33 to 5:48:51( Edit History Discussion )

Jeb Hensarling: direct foreign investments. >> host: garfield heights, ohio. garfield heights, ohio? >> caller: hello. congressperson maloney. >> guest: good morning. >> caller: there is a bill out there already h.r.

Marsha Blackburn

5:48:51 to 5:49:09( Edit History Discussion )

Marsha Blackburn: 25, the fair tax bill and if you want foreign investment in this country, i think it's time we got rid of our archaic tax system and go with a fair tax, a consumption tax that helps poor, middle

Marsha Blackburn

5:48:51 to 5:52:18( Edit History Discussion )
Speech By: Marsha Blackburn

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