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House Proceeding 04-01-09 on Apr 1st, 2009 :: 1:55:30 to 1:57:05
Total video length: 3 hours Stream Tools: Stream Overview | Edit Time

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Dennis A. Cardoza

1:55:26 to 1:55:46( Edit History Discussion )

Dennis A. Cardoza: mr. bachus: but my yes to you is, this bill applies to all employees of all these institutions, does it not? mr. frank: if the gentleman will yield. yes, because in a.i.g. we had hundreds of people. yes, it does. mr. bachus: yes, it does. it covers every employee and every financial institution. the several hundred who were

Dennis A. Cardoza

1:55:30 to 1:57:05( Edit History Discussion )
Speech By: Dennis A. Cardoza

Dennis A. Cardoza

1:55:47 to 1:56:07( Edit History Discussion )

Dennis A. Cardoza: actually urged last week by this president to keep the money and which we're getting a 5% dividend. the chair: the gentleman from alabama's time has expired. mr. bachus: thank you. the chair: the gentleman from california. mr. cardoza: thank you, mr. speaker. just today "the new york times" reported that four small banks are returning their tarp funds

Dennis A. Cardoza

1:56:08 to 1:56:28( Edit History Discussion )

Dennis A. Cardoza: because of the owner's regulations that they find themselves having to comply with. if we apply the same regulations to small banks that we do to the big ones, more community banks will opt out of the tarp program and i think to some disadvantage, to districts like mine that are suffering so badly. my amendment will make sure that they can take tarp funds and still not have to deal with some of these regulations.

Dennis A. Cardoza

1:56:29 to 1:56:49( Edit History Discussion )

Dennis A. Cardoza: i think that that's a positive movement in the right direction. i actually thankr. bachus for saying that this was a step in the right direction and i enjoy working with him and my coll i urge the adoption of this amendment and i thank you and yield back the balance of my time. the chair: all time having been yielded back, the question is on the amendment offered by the

Dennis A. Cardoza

1:56:50 to 1:57:05( Edit History Discussion )

Dennis A. Cardoza: gentleman from california, mr. cardoza. those in favor say aye. those opposed, no. ayes have it. the amendment is agreed to. it is now in order to consider amendment number 3 printed in house report 111-71.

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