Video archive of the US Congress

Senate Proceeding on May 14th, 2009 :: 3:12:15 to 3:15:35
Total video length: 9 hours 49 minutes Stream Tools: Stream Overview | Edit Time

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Carl Levin

3:12:12 to 3:12:15( Edit History Discussion )

Carl Levin: coming our way." "you are giving all of the billions of dollars to wall

Mary Landrieu

3:12:15 to 3:15:35( Edit History Discussion )
Speech By: Mary Landrieu

Mary Landrieu

3:12:16 to 3:12:36( Edit History Discussion )

Mary Landrieu: street and to the big banks and yet we sit here really struggling, is anyone listening to us in washington." so senator snowe and i as chair and ranking member of small business are saying, yes, we are listening and we want to be of some help. so e

Mary Landrieu

3:12:37 to 3:12:59( Edit History Discussion )

Mary Landrieu: floor, we try to put a lensn it, how is this helping small business? this bill is a good step to help consumers, individual persons that have a credit card. but, unfortunately, the way the bill is currently drafted, it leaves out small businesses. so my amendment with senator snowe will simply put them in this bill so when this bill

Mary Landrieu

3:13:00 to 3:13:20( Edit History Discussion )

Mary Landrieu: passes we can have a real celebration of helping not just individual cardholders but small businesses that are struggling to keep their doors open. you serve on the small business committe you've her the testimony, passionate testimony, o really, businesses that have 500 employees that are struggling to

Mary Landrieu

3:13:21 to 3:13:42( Edit History Discussion )

Mary Landrieu: businesses that have two employees; from conservative perspective, and liberal better expectatives that have come before our committee. that is how the amendment came to be as i reviewed the underlying bill and thought there are terrific things to this bill that will help credit card users.

Mary Landrieu

3:13:43 to 3:14:05( Edit History Discussion )

Mary Landrieu: it bans any increase in rates. no more can credit card companies just raid your rate any time that is eliminated in this bill. no longer can credit card companies charge you for a balance that you've paid. if you owe a check for $900, they still under current law can charge you

Mary Landrieu

3:14:06 to 3:14:26( Edit History Discussion )

Mary Landrieu: interest on the entire $1,000. that pofs not fair. it is not it is businesses. that will be corrected in this bill. it simplifies disclosures. yes, i believe in t market but in order to have a free market you need to be able to read the print and sometimes not only i

Mary Landrieu

3:14:27 to 3:14:49( Edit History Discussion )

Mary Landrieu: it is almost difficult to understand. so it is more simple disclosures, i think, small business owner need that opportunity, as well. it pro-hadn'ts credi transaction fees so small businesses get that benefit. this is, in conclusion, not

Mary Landrieu

3:14:50 to 3:15:11( Edit History Discussion )

Mary Landrieu: beginning to solve every change that small businesses have but at least they will know that there are members of the congress, senators and house members, that hear them, that are trying to do what we can to respond. and this amendment will actu cover 26 million small businesses in america. in addition to the millions of

Mary Landrieu

3:15:12 to 3:15:32( Edit History Discussion )

Mary Landrieu: other credit cardholders, perhaps over 50 million, maybe more, credit cardholders. this will include small businesses than 50. now, i'd like to help business in america, and i will continue to work on that. but for this bill, because it was directed to individuals, we

Mary Landrieu

3:15:33 to 3:15:37( Edit History Discussion )

Mary Landrieu: thought by keeping it to relatively small businesses, it

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