Metavid

Video archive of the US Congress

House Proceeding 04-01-09 on Apr 1st, 2009 :: 2:48:45 to 2:52:20
Total video length: 3 hours Stream Tools: Stream Overview | Edit Time

Note: MetaVid video transcripts may contain inaccuracies, help us build a more perfect archive

Download OptionsEmbed Video

Views:155 Duration: 0:03:35 Discussion

Previous speech: Next speech:

Spencer Bachus

2:48:42 to 2:49:03( Edit History Discussion )

Spencer Bachus: on my amendment. the chair: the gentlelady from pennsylvania reserves the balance of her time. for what purpose does the gentleman from alabama rise? mr. bachus: claim the me in opposition and yield myself four minutes and ask the sponsor of the amendment if she would remain on the floor, because i have a question for her and also the gentleman from new jersey.

Spencer Bachus

2:48:45 to 2:52:20( Edit History Discussion )
Speech By: Spencer Bachus

Spencer Bachus

2:49:04 to 2:49:25( Edit History Discussion )

Spencer Bachus: alabama is recognized for four minutes. mr. bachus: mr. chairman, the underlying bill applies to any executive or employee of these companies. the amendment by mrs. dahlkemper

Spencer Bachus

2:49:26 to 2:49:46( Edit History Discussion )

Spencer Bachus: defines payment as payment bere employment, during employment or after termination of employment, which almost appears to be -- criedle-to-grave period of time.

Spencer Bachus

2:49:47 to 2:50:11( Edit History Discussion )

Spencer Bachus: specific concerns. and i would like to engage in a colloquy with the gentlelady from pennsylvania about her amendment. . i thank the gentlelady. would your amendment enable the treasury secretary to establish compensation standards for

Spencer Bachus

2:50:12 to 2:50:32( Edit History Discussion )

Spencer Bachus: employees after they reti? mrs. dahlkemper: could you repeat the question? i'm sorry. mr. bachus: yes. would this apply to employee's retirement pay or compensation received after they rete? mrs. dahlkemper: if this was excessive, anytime, during or after. mr. bachus: so they could

Spencer Bachus

2:50:33 to 2:50:54( Edit History Discussion )

Spencer Bachus: determine if it was excessive or unreasonable? mrs. dahlkemper: yes, it does. mr. bachus: would those standas include retirement plans, pension plans that retiree medical benefits provided by the company?

Spencer Bachus

2:50:55 to 2:51:16( Edit History Discussion )

Spencer Bachus: and i'll give -- and i say to the gentlelady -- mrs. dahlkemper: only if it's mr. bachus: if the treasury secretary could limit retirement benefits, pension benefits and their medical benefits? mrs. dahlkemper: if it's in violation of the rule.

Spencer Bachus

2:51:17 to 2:51:37( Edit History Discussion )

Spencer Bachus: mr. bachus: if he thinks it's a violation, all right. your amendment requires the treasury secretary to consider any increase in wealth on the part of the executive or employee as compensation. would the gentlelady pleas provide what her definition of wealth is? would wealth include retirement

Spencer Bachus

2:51:38 to 2:51:59( Edit History Discussion )

Spencer Bachus: plans, pension plans, medical benefits? mrs. dahlkemper: yes, it does. mr. bachus: it does. so in other words the secretary of treasury would have what i would consider sweeping rights to limit retirement benefits, medical benefits, pension plans for any and all employees if he deemed that they were

Spencer Bachus

2:52:00 to 2:52:20( Edit History Discussion )

Spencer Bachus: unreasonable or excessive or more than he deemed proper, is that correct? mrs. dahlkemper: if they're unreasonable and excessive. if they're unreasonable and excessive. mr. bachus: while the gentlela you're giving sole discretion to a few people to determine whether someone in other words

Personal tools

MetaVid is a non-profit project of UC Santa Cruz and the Sunlight Foundation. Learn more About MetaVid

The C-SPAN logo and other servicemarks that may be found in video content are the property of their respective trademark holders. None of these trademark holders are affiliated with Metavid