Video archive of the US Congress

House Proceeding 12-10-09 on Dec 10th, 2009 :: 0:03:35 to 0:08:45
Total video length: 1 hours 4 minutes Stream Tools: Stream Overview | Edit Time

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Alcee L. Hastings

0:03:31 to 0:03:51( Edit History Discussion )

Alcee L. Hastings: may consume the speaker pro tempore: the gentleman is recognized. mr. hastings: mr. speaker, i also ask unanimous consent that all members be given five legislative days in which to revise and extend their remarks house resolution 962. the speaker pro tempore: without objection, so ordered. mr. hastings: mr. speaker, the house is the speaker pro tempore: the gentleman is correct.

Alcee L. Hastings

0:03:35 to 0:08:45( Edit History Discussion )
Speech By: Alcee L. Hastings

Alcee L. Hastings

0:03:52 to 0:04:13( Edit History Discussion )

Alcee L. Hastings: the house is not in order. please take your conversations outside the chambers. clear the whisper. mr. hastings: mr. speaker, house esolution 962 waives clause 6-a of rule 13 which requires a 2/3

Alcee L. Hastings

0:04:14 to 0:04:35( Edit History Discussion )

Alcee L. Hastings: vote to consider the rule on the same day it is reported from the rules committee. this waiver would apply to any rule reported through the legislative day of december 10, 2009, that provides for same-day crucial of h.res. 4173, the wall

Alcee L. Hastings

0:04:36 to 0:04:56( Edit History Discussion )

Alcee L. Hastings: street reform and consumer protection act of 2009. i hope members on both sides of the aisle will support this rule so that we can move quickly to enact this critically important legislation. . over the past year the financial cris has shown the

Alcee L. Hastings

0:04:57 to 0:05:17( Edit History Discussion )

Alcee L. Hastings: deregulation or lack ever regulation over financial firms is not an option anymore. for the first time ever, this legislation provides key provisions that will mandate oversight of certain the united states financial system. it will ensure that mortgage

Alcee L. Hastings

0:05:18 to 0:05:38( Edit History Discussion )

Alcee L. Hastings: lenders are subject to high no longer give an individual a loan they cannot afford to pay back. furthermore, it will provide for a new interagency oversight counsel that will regulators to oversee the entire system and identify

Alcee L. Hastings

0:05:39 to 0:05:59( Edit History Discussion )

Alcee L. Hastings: activities that pose a risk to our nation's financial system. it will also require comprehensive regulation opaque derivatives mr. speaker, would you ask for

Alcee L. Hastings

0:06:00 to 0:06:20( Edit History Discussion )

Alcee L. Hastings: order in the house, please. the speaker pro tempore: take your conversations in the back of the chambers out of the chambers and would members please take and staff, please help mr. hastings: thank you very much, mr. speaker. in my home state of florida, we

Alcee L. Hastings

0:06:21 to 0:06:41( Edit History Discussion )

Alcee L. Hastings: are undoubtedly facing an insurance crisis. homeowners are burdened by continuously increasing property insurance premiums, some are losing their coverage altogether, while companies are going under or simply leaving the state. this poses a problem not only

Alcee L. Hastings

0:06:42 to 0:07:05( Edit History Discussion )

Alcee L. Hastings: to property owners who cannot afford increasing costs in this difficult economy, but also the state which has taken on the responsibility of coverage those who cannot get insurance elsewhere and to the federal government which may be deal with the damage when disaster strikes.

Alcee L. Hastings

0:07:06 to 0:07:27( Edit History Discussion )

Alcee L. Hastings: h.res. 4173 directs the federal insurance office to conduct a study on the modernization and improvement of their insurance industry in the united states. i introduced an amendment to the underlying legislation asking that they also look at the geographic disparates --

Alcee L. Hastings

0:07:28 to 0:07:50( Edit History Discussion )

Alcee L. Hastings: disparities in cost and access within this study. hurricanes, floods, fires, wind storms are factors driving te cost of of insurance higher in florida than in some other areas of the country. numerous private insurers have recently sought rate hikes with

Alcee L. Hastings

0:07:51 to 0:08:11( Edit History Discussion )

Alcee L. Hastings: regulators approving increases as much as 15%. we certainly cannot change the fact that certain regions face higher riskshan others. however, the amendment that i filed will help determine what changes to the industry and its regulation can help ensure that

Alcee L. Hastings

0:08:12 to 0:08:32( Edit History Discussion )

Alcee L. Hastings: these necessary insurance protectns are available, accessible, and reasonably affordable for all americans. 4137 will also provide american consumers with long overdue safeguards and reflects the congress' commitment to

Alcee L. Hastings

0:08:33 to 0:08:47( Edit History Discussion )

Alcee L. Hastings: puttinthe needs of the american people before those of wall street. i'm pleased that chairman frank has seen fit to include the amendment that i just spoke to

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