Senate Proceeding on Jun 19th, 2008 :: 6:37:25 to 6:40:01
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6:28:05 to 6:37:25( Edit History Discussion )
Speech By: Christopher Dodd

6:37:10 to 6:37:25( Edit History Discussion )

Christopher Dodd: and from cancer and from other diseases because of those emissions. and i talked about how a number of us working together, democrats and republicans in the senate and in the 0 house, had cobbled together

6:37:25 to 6:37:40( Edit History Discussion )

Richard Shelby: the legislation which will have a significant and positive effect in reducing the health risks that come from diesel emissions. today we bring up for consideration another piece of legislation that's

6:37:25 to 6:40:01( Edit History Discussion )
Speech By: Richard Shelby

6:37:40 to 6:37:58( Edit History Discussion )

Richard Shelby: not designed to save lives but it's designed to make the quality of life better for a whole lot of people in this country, try to ensure that people who might otherwise not have a decent place to

6:37:58 to 6:38:10( Edit History Discussion )

Richard Shelby: live, might lose the home in which they now live, would have a chance to retain that home. or maybe to obtain a home that they never would otherwise have had. today one of the things i especially like about

6:38:10 to 6:38:26( Edit History Discussion )

Richard Shelby: this piece of legislation is that it was i developed in the same bipartisan way that senator voinovich and i worked on the diesel e emission reduction act. we have legislation here that senator

6:38:26 to 6:38:43( Edit History Discussion )

Richard Shelby: dodd, chairman of our committee, senator shelby, their staffs, our staffs have worked for month to bring to fruition and also which involved the great input of the -- the important input of the administration,

6:38:43 to 6:38:58( Edit History Discussion )

Richard Shelby: federal reserve, and other bank regulators. if we go back about two months ago, back in april of this year, the united states senate passed what we call the foreclosure prevention act of 2008. at that

6:38:58 to 6:39:13( Edit History Discussion )

Richard Shelby: time i spoke here again on the senate floor about how that legislation was -- i described it is a the third act of a four-act play that would hopefully bring to begin economic recovery following this

6:39:13 to 6:39:24( Edit History Discussion )

Richard Shelby: mortgage meltdown. from time to time in this country our economy goes through a bubble of one sort or the other. we sole only have to go back ten years where we experience ed a telecom bubble where

6:39:24 to 6:39:45( Edit History Discussion )

Richard Shelby: stocks were devalued. the value of those stocks plummeted down to something that was more reasonable. we've gone through a housing bubble when the cost of housing was run up in ways that are hard

6:39:45 to 6:40:01( Edit History Discussion )

Richard Shelby: to explain. and that bubble, like most bubbles, have collapse ed and we're now looking for the bottom to stablize property values and for us here in the senate to try to make sure that we get to

6:40:01 to 6:40:17( Edit History Discussion )

Christopher Dodd: that bottom fairly quukly, that we maintain and restore liquidity in the banking system and we help neighborhoods where there are foreclose ed homes, that we make sure they don't remain foreclose