House Proceeding on Feb 28th, 2007 :: 5:52:18 to 6:05:55
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5:48:51 to 5:52:18( Edit History Discussion )
Speech By: Marsha Blackburn

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Marsha Blackburn: in america but i believe our infrastructure should be owned by americans. i believe our voting machines should be owned by american companies. and i believe that there are certain things that are very important

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Tim Ryan: to us. i know that some states are -- have sold part of their infra structure. i -- i do not like this idea. i'm opposed to it, on two grounds. number 1, who -- if is a foreign government that is maintaining

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Speech By: Tim Ryan

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Tim Ryan: or foreign owner that is maintaining, i cannot believe that they will maintain the infrastructure to the high degree that a city or state or someone responsible to the voters and to the people

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Tim Ryan: of america would. and secondly, i -- i just feel that our ports and our roads and our airports should be owned by american companies. >> host: so, are the current ports that were affected by this bill,

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Tim Ryan: are they currently owned -- all american companies? >> guest: they are in the process of -- dubai world ports is divesting of their ownership and in the process of selling it to aig. where it is

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Tim Ryan: in that process, i -- i know that this has been going on and their negotiations with the port authority on it. >> host: pennsylvania. go ahead, please. >> caller: hello, mrs. maloney? are you there?

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Tim Ryan: >> guest: i'm here, thank you for calling. >> caller: i was just calling. you know, i'm glad that you're looking out for, you know, the interests of america here, with, you know, wanting to review

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Tim Ryan: these things. but like what you just said about having these high officials sign off on it, we all know the mid-level officials are what get things done and that our top officials aren't reading

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Tim Ryan: any of the bills that are passed in congress, as of late. and so, i'm highly questionable there. and i also think that, you know, your commission or your panel that you're setting up here, it's

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Tim Ryan: really just preventing another dubai scandal through our media when, you know, you would say, you know, the real problem here is a globalization and free trade policy. and it seems like you're

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Tim Ryan: just not even getting to the heart of the situation and i just want to reiterate, you know, the aspect the last caller said about selling our state roads and things. american taxpayers have already

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Tim Ryan: paid for. >> guest: right, exactly. >> caller: honestly, i just don't think ur' going you're going to the next level saying this is what free trade is or nafta is, deversingfying our infa structure

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Tim Ryan: to the extreme level the whole world is basically sharing ownership of our country. and that is the end goal of globalization an i think a lot of americans need to wake up to and i really don't

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Tim Ryan: think you are addressing, mrs. maloney. >> guest: first of all, congress is not creating the cfius process. it was created back in the early '70s. it has been in government and part of government

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Tim Ryan: for many years. what we are doing is reforming it and modernizing it and bringing it into a post-9/11 era, where we need to expand the definition to include homeland security. and we need to build

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Tim Ryan: in more accountability for decisions. i adisagree with your statement that high-level officials are not reading the bills or reading the actions. i believe they are. and this is making them be more

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Tim Ryan: careful, really, and to really scrutinize them to a greater degree. i believe we live in a global economy, whether we like it or not. if you look at our stock market today, it has fallen. it fell yesterday

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Tim Ryan: because, in many ways, we are tied to what is happening in asia and the fall of the markets in those areas. so, we -- we are in a global xhi and we have to -- economy and have to be part of

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Tim Ryan: that global economy. we have to make sure that american companies and workers can compete and win in that economy and that we can continue to grow and expand jobs and opportunities and to keep

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Tim Ryan: america really the great financial leader that we are in the world economy now. >> host: does the senate have a bill concerning? >> guest: yes, they do have a bill concerning it. they have not

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Tim Ryan: passed it yet. we are hopeful that we will work out a compromise and get it to the president's desk. it's important for our national security. and it's important for job growth in our country. >>

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Tim Ryan: host: are there major differences between the two bills? >>bi thththe e e e e e e e e e e e e e e e e oooooeeeeeeeeeeeeeeeeeeeayyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyrk will redesignate the amendment. >> amendment number 6 offered

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Tim Ryan: by mr. mccaul of texas. the chairman: those in support of the recorded vote will rise and be counted. a sufficient number having arisen, a recorded vote is ordered. members will record their

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Tim Ryan: votes by electronic device. this will be a five-minute vote. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives.

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Tim Ryan: any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] last year, the senate had

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Tim Ryan: a proposal that ranked countries and they would rank them on how they should@@@@@@@@@@@ @@ @ @ @ @ @ @ @ v @ @ @ @ @ @ d*b @ @ @ @ @ @ @ )@ mandated by congress? >> guest: well, that passed

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Tim Ryan: -- that was part of our first measures we passed. we were very concerned that containers coming into our ports were not screened. they are screened a hundred percent of them are screened in hong

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Tim Ryan: kong. why can't we do it in the u.s.? it requires a port of departure to screen and also screening coming into our ports. we have passed it and it is going through the senate now. we also called for screening

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Tim Ryan: of cargo in the belly of a plane. when all of us go on a plane, we are -- our cloths are looked at, our bags looked at, our pocketbooks but no one is looking at the cargo going into the belly of the

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Tim Ryan: train. that's very, very important that, which is right under our seat and we have called for thorough screening there, it is common sense, what we need in a post-9/11 world and the democratic congress

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Tim Ryan: voted that out and strongly worked on it. we're now going to begin working on rail security, where there is very little done and it is very vulnerable. stloshgs so, there are many things we have

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Tim Ryan: to do for our national security and our homeland security and this is one of a package of many things that the democratic leadership is moving forward. i do want to mention, pedro, this is the first

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Tim Ryan: bill that has been reported out of the financial services committee during the democratic leadership and i'm very pleased that chairman frank and leader pelosi selected it. it not only speaks to our

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Tim Ryan: economic strength but, also, to our -- the security of our homeland, which is priority number 1. >> host: serving her eighth term first elected to thenous 1992 and represents new york's 14th district

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Tim Ryan: including the east side of manhattan and western queens. minneapolis, >> guest: good morning. >> caller: thank you. thank you for c-span. do you think that there would probably be more room for foreign

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investment if we would first reform the banking system here in the united states? and when i say that, i mean by the excessive fees that these credit card companies charge, the unfair banking

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practices that banking impose upon minorities, you know? you know, you can't get home loans and stuff like that? i mean, don't we need to start there first. >> guest: well, we are working on

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that, too, very much a domestic challenge. i do have a bill in that consumers be fully informed of fees that are placed on their accounts and that you make the decision whether or not you want

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to pay for that fee. i've had consumers come to my office where they bought a carton of milk and end up paying $90 in fees. this is ridiculous. and so, that needs to be reformed and you mentioned

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a very important point, the home mortgage rates and today, actually, freddie mack came out with guidelines reforming that that is basic common sense. you don't give someone a mortgage unless they can

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page for it, not at the reduced low rate but the higher rates that the mortgage interest rates may go to. that's just common sense and should have been adopted long ago, such as cfius should

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have been adopted long ago. i think the american people are very surprised, a year since dubai and we have not reformed foreign investments in the united states. >> host: we thank you for your

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Tim Ryan: time this morning. >> guest: thank you for having me. it was a thrill and i appreciate c-span being there, informing the public every day. thank you for what you do. >> host: coming up, we'll

6:02:55 to 6:03:08( Edit History Discussion )

Tim Ryan: talk with representative todd akin of the armed services committee. we're going to talk to him about u.s.-iraq policy, just back from that region. back to susan crabtree for more. on the front page

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Tim Ryan: of the "hill" february 5th could be important. why is that? he the chairman: on this vote the yeas are 192. the nays are 231. the amendment is not agreed to. the unfinished business is the

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Tim Ryan: request for recorded vote on amendment number 7, by the gentleman from texas, mr. mccaul, on which further proceedings were postponed and on which the nays prevailed by voice vote. the clerk will

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Tim Ryan: redesignate the amendment. the clerk: amendment number 7, printed in the congressional record, offered by mr. mccaul of texas. the chairman: a recorded vote has been requested. those in support

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Tim Ryan: of the request for recorded vote will rise and be counted. a sufficient number having arisen, the recorded vote is ordered. those in favor will vote aye. those opposed will vote no. members

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Tim Ryan: will record their votes by electronic device. it's a five-minute vote. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives.

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Tim Ryan: any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the chairman: on this vote

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Tim Ryan: the yeas are 197, the nays are 231, the amendment is not agreed to. there being no further amendments, the question is on the committee amendment in the nature of a substitute as amended.

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Tim Ryan: those in favor say aye. those opposed, no. the ayes have it and the amendment is agreed to. under the rules, the committee rises. the speaker pro tempore: the chairman of the committee of the

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Tim Ryan: whole house reports that the committee has had under consideration the bill h.r. 556 and report will go back to the house with the amendment adopted in the committee of the whole. the previous

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Tim Ryan: question is ordered. is a separate vote demanded on any amendment to the amendment reported to the committee of the whole? if not the question on adoption of the amendment is ordered. all those

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Tim Ryan: in favor say aye. all those opposed will say no. the ayes have it. the amendment is agreed to. all those in favor will say aye, all those opposed no. the ayes have it. the clerk: a bill to promote

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Tim Ryan: national security and the creation and maintenance of jobs to reform the process by which such investments are examined for any effect they may have on national security, to establish

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Christopher Shays: the committee on foreign investment in the united states and for other purposes. the speaker pro tempore: do we have order, please. >> mr. speaker. the speaker pro tempore: for what purpose does

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Speech By: Christopher Shays