House Proceeding on Jul 31st, 2009 :: 1:54:50 to 1:56:35
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1:54:46 to 1:55:06( Edit History Discussion )

Barney Frank: accounting irregular larets. and going forward the regulators may well decide that an effective constraint on imprudent risk taking is to require longer horizons for incentive-based pay. that is the purpose of this amendment. it's what this amendment actually accomplishes. it's consistent with the

1:54:50 to 1:56:35( Edit History Discussion )
Speech By: Barney Frank

1:55:07 to 1:55:27( Edit History Discussion )

Barney Frank: reasons given in cmittee for the original amendment. i yi time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentlema the gentleman from georgia. mr. price: i continue to reserve. the speaker pro tempore: the gentleman from georgia reserves his time. the gentleman from massachusetts. mr. frank: yes.

1:55:28 to 1:55:48( Edit History Discussion )

Barney Frank: is the gentleman going to close because if he is i'll have my side close? is the gentleman going to close with his remaining time? i'll take 15 seconds. we will still have a disagreement. but instead require it should say, he and i agreed within the limited version here, allow them to require it. in other words, we don't want the s.e.c. to be able to make an un-- inappropriate requirement.

1:55:49 to 1:56:10( Edit History Discussion )

Barney Frank: so that will be clarified. and i yield our remaining time to the carolina. well, then i will take our remaing time to say, yes, we did tentatively agree to it. there had be an s. decision that day which i was not aware of it. i did say to the gentleman i thought we would want to -- we

1:56:11 to 1:56:31( Edit History Discussion )

Barney Frank: would want to make some further changes. mr. price: will the gentleman yield? mr. frank: yes. mr. price: given the agreement that you and i reached on about changing the language on this amendment? is that a unanimous consent? mr. frank: yes i would ask unanimous consent if that's permissible, we are in the whole house, to change

1:56:32 to 1:56:37( Edit History Discussion )

Barney Frank: on line 2 instead of require shall allow to require, shall