2:14:03 to 2:14:17( Edit History Discussion )

yield back the balance of my time, and i move the previous question on the resolution. the speaker pro tempore: the question is on ordering the previous question on the resolution. those in favor

2:14:14 to 2:14:26( Edit History Discussion )

Gary L. Ackerman: say aye. those opposed, no. in the opinion of the chair, the ayes have it. mr. hastings: mr. speaker. the speaker pro tempore: t gentleman from washington. mr. hastings: i ask for the yeas

2:14:17 to 2:14:29( Edit History Discussion )

Gary L. Ackerman: say aye. those opposed, no. in the opinion of the chair, the ayes have it. mr. hastings: mr. speaker. the speaker pro tempore: t gentleman from washington. mr. hastings: i ask for the yeas

2:14:26 to 2:14:36( Edit History Discussion )

Gary L. Ackerman: and nays. the speaker pro tempore: the yeas a nays are requested. those favoring a vote by the yeas and nays will rise. a sufficient number having arisen, the yeas and nays are ordered. pursuant

2:14:30 to 2:14:45( Edit History Discussion )

Gary L. Ackerman: to clause 8 of rule 20, further proceedings on this question are postponed. the speaker pro tempore: for what purpose does the gentleman from new york rise? >> mr. speaker, by the direction

2:14:39 to 2:14:54( Edit History Discussion )

Gary L. Ackerman: to clause 8 of rule 20, further proceedings on this question are postponed. the speaker pro tempore: for what purpose does the gentleman from new york rise? >> mr. speaker, by the direction

2:14:51 to 2:15:05( Edit History Discussion )

Gary L. Ackerman: of the committee on rules, i call up house resolution 862 and ask for its immediate consideration. the clerk: torpt -- the speaker pro tempore: the clerk will report the resolution.

2:14:59 to 2:15:11( Edit History Discussion )

Gary L. Ackerman: the clerk: resolved, that upon adoption of this resolution, it shall be in order to consider in the house the bill h.r. 4299, to extend the terrorism insurance program of the department of

2:15:08 to 2:15:20( Edit History Discussion )

Gary L. Ackerman: the clerk: resolved, that upon adoption of this resolution, it shall be in order to consider in the house the bill h.r. 4299, to extend the terrorism insurance program of the department of

2:15:17 to 2:15:28( Edit History Discussion )

Gary L. Ackerman: treasury, and for other purposes. all points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule 21. the bill shall be considered as read.

2:15:22 to 2:15:34( Edit History Discussion )

Gary L. Ackerman: all points of order against provisions of the bill are waived. the previous question shall be considered as ordered on the bill of final passage without intervening motion except one,

2:15:31 to 2:15:43( Edit History Discussion )

Gary L. Ackerman: all points of order against provisions of the bill are waived. the previous question shall be considered as ordered on the bill of final passage without intervening motion except one,

2:15:40 to 2:15:53( Edit History Discussion )

Gary L. Ackerman: one hour of debate equally divided by the chairman and ranking minority member of the committee on financial services, and, two, one motion to recommit. section 2, during consideration

2:15:47 to 2:15:58( Edit History Discussion )

Gary L. Ackerman: of h.r. 4299, pursuant to this resolution, notwithstanding the operation of the previous question, the chair may postpone further considetion of the bill to such time as may be designated by

2:15:56 to 2:16:07( Edit History Discussion )

Gary L. Ackerman: of h.r. 4299, pursuant to this resolution, notwithstanding the operation of the previous question, the chair may postpone further considetion of the bill to such time as may be designated by

2:16:04 to 2:16:21( Edit History Discussion )

Gary L. Ackerman: the speaker. the speaker pro tempore: the gentleman from new york is recognized for one hour. mr. arcuri: thank you, mr. speaker. for purpose of debate only, i yield the customary 30 minutes

2:16:15 to 2:16:27( Edit History Discussion )

Gary L. Ackerman: to the gentleman from texas, mr. sessions. all time yielded during consideration of the rule is for debate only. i yield myself such time as i may consume. i also ask unanimous consent

2:16:24 to 2:16:36( Edit History Discussion )

Gary L. Ackerman: to the gentleman from texas, mr. sessions. all time yielded during consideration of the rule is for debate only. i yield myself such time as i may consume. i also ask unanimous consent

2:16:33 to 2:16:42( Edit History Discussion )

Gary L. Ackerman: that all members may have five legislative days to revise and extend their remarks on house resolution 862. the speaker pro tempore: without objection, so ordered. and the gentleman is

2:16:36 to 2:16:51( Edit History Discussion )

Gary L. Ackerman: recognized. mr. arcuri: thank you, mr. speaker. house resolution 862 provides for consideration of h.r. 4299, the terrorism risk insurance program r e-authorization act of 2007. the rule waives

2:16:45 to 2:17:00( Edit History Discussion )

Gary L. Ackerman: recognized. mr. arcuri: thank you, mr. speaker. house resolution 862 provides for consideration of h.r. 4299, the terrorism risk insurance program r e-authorization act of 2007. the rule waives

2:16:57 to 2:17:09( Edit History Discussion )

Gary L. Ackerman: all points of order against consideration of h.r. 4299, except those arising under clause 9 and clause 10 of le 21. the rule provides one hour of general debate controlled by the chairman

2:17:03 to 2:17:16( Edit History Discussion )

Gary L. Ackerman: and ranking minority member of the committee on financial services. mr. speaker, i will make my remarks brief. we have debated the substance of this bill before, and the house passed a similar

2:17:12 to 2:17:25( Edit History Discussion )

Gary L. Ackerman: and ranking minority member of the committee on financial services. mr. speaker, i will make my remarks brief. we have debated the substance of this bill before, and the house passed a similar

2:17:22 to 2:17:36( Edit History Discussion )

Gary L. Ackerman: version in september with the support of 312 members of this body. the measure we will consider today contains many needed revisions to the terrorism risk insurance program to ensure our

2:17:30 to 2:17:46( Edit History Discussion )

Gary L. Ackerman: national and economic security. the terrorism risk insurance program was originally enacted as a short-term backstop for an insurance industry hard hit by the terrorist attacks that occurred

2:17:39 to 2:17:55( Edit History Discussion )

Gary L. Ackerman: national and economic security. the terrorism risk insurance program was originally enacted as a short-term backstop for an insurance industry hard hit by the terrorist attacks that occurred

2:17:52 to 2:18:03( Edit History Discussion )

Gary L. Ackerman: on september 11 of 2001. in the years since we have srseen that the private insurance market is unable to cover the risk of both domestic and foreign acts of terrorism without assistance. experience

2:17:57 to 2:18:08( Edit History Discussion )

Gary L. Ackerman: has shown that there is a true need for government involvement in terrorism insurance. the exposure for private companies is just too great. in the wake of september 11, 2001, many companies

2:18:06 to 2:18:17( Edit History Discussion )

Gary L. Ackerman: has shown that there is a true need for government involvement in terrorism insurance. the exposure for private companies is just too great. in the wake of september 11, 2001, many companies

2:18:14 to 2:18:24( Edit History Discussion )

opted to exclude terrorism risks from private insurance policies, leaving no coverage in the event of another attack. tria requires to make terrorism insurance available to commercial clients that