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House Proceeding 07-23-09 on Jul 23rd, 2009 :: 1:15:45 to 1:20:15
Total video length: 4 hours 26 minutes Stream Tools: Stream Overview | Edit Time

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Tom Latham

1:15:42 to 1:16:03( Edit History Discussion )

Tom Latham: not duplicated by anything else i know of, i urge that the amendment be defeated. the chair: the gentleman's time has expired. the question is on the amendment offered by the gentleman from texas, mr. hensarling. those in favor say aye. those opposed, no. in the opinion of the chair, the noes have it. mr. hensarling: i request a recorded vote. the chair: pursuant to clause 6 of rule 18, further proceedings

Tom Latham

1:15:45 to 1:20:15( Edit History Discussion )
Speech By: Tom Latham

Tom Latham

1:16:04 to 1:16:24( Edit History Discussion )

Tom Latham: on the amendment will be postponed. amendment number three printed in house report 111-129. gentleman from iowa rise? mr. lay them: i have an amendment at the desk. the chair: the clerk will designate the amendment. the clerk: amendment number

Tom Latham

1:16:25 to 1:16:45( Edit History Discussion )

Tom Latham: three, printed in house report 111-129, offered by mr. latham of iowa. the chair: the chair recognizes the gentleman from iowa. mr. amendment. i seek to bring the funding level for high speed rail back down to the president's request of $1 billion and strike the

Tom Latham

1:16:46 to 1:17:06( Edit History Discussion )

Tom Latham: transfer authority for the national infrastructure bank. when the stimulus bill was announced by the president and the democrat leadership, we were told that the plan was to provide $8 billion for high speed rail in the stimulus and another $1 billion a year for the next five years. my amendment meets the president's goals and his

Tom Latham

1:17:07 to 1:17:27( Edit History Discussion )

Tom Latham: plans. we are just now embarking on this high speed rail initiative. the stimulus funds are still in the treasury, they haven't been spent, and there's little reason to dump another $3 billion on top of an unspent $8

Tom Latham

1:17:28 to 1:17:50( Edit History Discussion )

Tom Latham: billion since the committee hasn't even had time to do any oversight at all in this area. i know the chairman's going to reference that there's pent up demand for high speed rail and he'll mention $100 billion in grant application. are we really ready to embark on a $100 billion endeavor on top of the million, billion,

Tom Latham

1:17:51 to 1:18:12( Edit History Discussion )

Tom Latham: and trillion dollar endeavors already under consideration? we don't even know if those grant applications have feasibility at all. second, this amendment would strike the transfer to the national infrastructure bank. the administration requestsed -- requested $5 million for a bank in their budget's qusm but it didn't include any

Tom Latham

1:18:13 to 1:18:33( Edit History Discussion )

Tom Latham: authorizing language at all. i know there's a few bills out there that would authorize this and those proposals should be considered in regular -- in the regular authorizingrocess. however, there is no bank today. there is no authorized bank in which to put this money into.

Tom Latham

1:18:34 to 1:18:57( Edit History Discussion )

Tom Latham: i'm not opposed to the bank idea, bui believe we should know what the activities and programs we are paying f up front. the bill before us gives authority to transfer $2 billion to the bank on october 1, 2010. should the bank ever be authorized by that date.

Tom Latham

1:18:58 to 1:19:19( Edit History Discussion )

Tom Latham: now, october 1, 2010 is actually in the 2011 fiscal year and this committee will have the opportunity to consider funding that bank within the budget priorities for fiscal year 2011 under that 2011 allocation. there is absolutely no reason to do that now. i did have an amendment to

Tom Latham

1:19:20 to 1:19:41( Edit History Discussion )

Tom Latham: transfer the $3 billion to the highway trust fund, but the rules committee was probably too worried the amendment may pass. however, without the transfer, is still a good amendment. cutting an extra, unrequested $3 billion from this aount still meets the president's request. his commitment.

Tom Latham

1:19:42 to 1:20:02( Edit History Discussion )

Tom Latham: and it would give me good reason to support this otherwise pretty good bill. i urge me adoption of my amendment and again, i just want to make sure people know that this is $3 billion on of the $1 billion the president requested, $2 billion of which is set aside, people talk about

Tom Latham

1:20:03 to 1:20:15( Edit History Discussion )

Tom Latham: this money going to high speed rail, it's not going to go there. this is set aside in a fund basically to be held so that just in case this infrastructure bank is authorized, the money will go

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