Video archive of the US Congress

House Proceeding 04-01-09 on Apr 1st, 2009 :: 0:28:45 to 0:30:50
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Tom Price

0:28:41 to 0:29:01( Edit History Discussion )

Tom Price: ignore the rules of the house and talk when they like to. i would like to yield two minutes for serious k to the gentleman om connecticut, mr. himes. e chair: the gentleman from connecticut, mr. himes, is recognized for two minutes. mr. himes: this is a commonsense measure to protect american taxpayers by making sure that their hard-earned dollars are used carefully and

Tom Price

0:28:45 to 0:30:50( Edit History Discussion )
Speech By: Tom Price

Tom Price

0:29:02 to 0:29:22( Edit History Discussion )

Tom Price: wisely in our efforts to stabilize our financial institutions. let's be very clear about one thing. no one, no one is happy that the tarp was necessary. we have far better uses for our money than stabilizing the very institutions that helped drive this economy into a ditch. but into a ditch it went and we need to pull it out.

Tom Price

0:29:23 to 0:29:43( Edit History Discussion )

Tom Price: president bush, secretary paulson and this very house decided in october of last year that we would pump billions of dollars into these firms. now, like it or not, the dollars arthere. so the only question that matters is, should we look after those dollars? should we as the representatives of the american people, look after their

Tom Price

0:29:44 to 0:30:05( Edit History Discussion )

Tom Price: dollars to make sure that they are used wisely? the answer to that question must be yes. h.r. 1664 says one thing to tarp recipients, one thing. pay your people but do so reasonably. and ac performance. pay reasonably and according to performance.

Tom Price

0:30:06 to 0:30:26( Edit History Discussion )

Tom Price: the bill asks the secretary of the treary to develop guidelines for those things, not 435 members of congress but treasury. i expect that compensation committees and boards of directors around this country will be very interested in those guidelines because they know it's their job to craft reasonable performance-based compensation for their

Tom Price

0:30:27 to 0:30:47( Edit History Discussion )

Tom Price: companies and their shareholders. they have a fiduciary obligation to their shareholders. like it or not, the american ople are shareholders and we have a clear fiduciary obligation to the american taxpayer. we have a clear interest in a lining -- in aligning the interest of the employees and the banks we now own with the

Tom Price

0:30:48 to 0:30:50( Edit History Discussion )

Tom Price: interest of the american taxpayers.

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