Video archive of the US Congress

House Proceeding 07-31-09 on Jul 31st, 2009 :: 0:05:30 to 0:07:05
Total video length: 8 minutes Stream Tools: Stream Overview | Edit Time

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Pete Sessions

0:05:26 to 0:05:48( Edit History Discussion )

Pete Sessions: it will not send the bill back to committee to fix its current lack of transparency but allows it to be done right here, right now. i encourage my colleagues to support this common sense for shareholders who some outs influence their vote. i yield back the balance my time.

Barney Frank

0:05:30 to 0:07:05( Edit History Discussion )
Speech By: Barney Frank

Barney Frank

0:05:49 to 0:06:10( Edit History Discussion )

Barney Frank: what purpose does the gentleman from massachusetts rise? mr. frank: to oppose the motion. the speaker pro tempore: the gentleman is recognized for five minutes. mr. frank: that speech would have been impressive, i might have disagreed with it, if it applied to all shareholder votes. th out the say on pay. if you want to influence pay, you have to report everything.

Barney Frank

0:06:11 to 0:06:32( Edit History Discussion )

Barney Frank: if you want to vote on a merger or acquisition or anything else, you don't have to do it. it's not a uniform requirement of a disclosure. it burdens the say on pay vote and leaves every other vote in the dark, if that's so important, why did we not have a broader version of it? it also is quite burdensome. you

Barney Frank

0:06:33 to 0:06:53( Edit History Discussion )

Barney Frank: you want to spend money -- the speaker pro tempore: the gentleman's correct. the gentleman from massachusetts deserves to be heard. mr. frank: if you want to spend money to oppose large bonuses, to oppose large salary, to oppose a company paying 7 % of its revenue, as recently happened in compensation.

Barney Frank

0:06:54 to 0:07:05( Edit History Discussion )

Barney Frank: if you are a pension fund, if you are a union, if you want to write to your own members and say, this is a bad idea if you hold shares, vote no, you have to give the identify of --

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