They have an overcapacity of electricity this europe, and as a result, they have a very low wholesale prices, which is good. But their residential rates and their manufacturing rates are the highest in the world because of renewable surcharges. And so whats happening over there is theyre trying to make this transition too quickly, in my view, and thats what people are trying to do in america as well. But whats happening over there is that the utilities, the base load utilities have lost like 800 million in market valuation over the last 15 months or so. And so as you go to renewables and you try to, you have to place more emphasis on distribution at the local levels, theres not enough capital this in the Utility Industry in the Utility Industry there to meet those needs. And so they have a real conflict in europe right now. And interestingly enough, theyve mothballed 30 gigawatts of plants producing electricity from natural gas in europe because of the high cost of natural gas with com
The speaker pro tempore 227. The nays are 193. The resolution is adopted. Without objection, the motion to reconsider is laid upon the table. The speaker pro tempore the house will be in order. For what purpose does the gentleman from michigan, mr. Camp, rise . Mr. Camp mr. Speaker, pursuant to House Resolution 727, i callp the bill h. R. 4, the jobs for america act, and ask for its immediate consideration. The speaker pro tempore the clerk will report the title of the bill. The clerk a bill to make revisions to the federal law to improve the conditions necessary for Economic Growth and job creation, and for other purposes. The speaker pro tempore pursuant to House Resolution 727, the bill is considered as read. The gentleman from michigan, mr. Camp, and the gentleman from new york, mr. Rangel, each will control 60 minutes. The chair recognizes the gentleman from michigan. Mr. Camp mr. Speaker, i ask unanimous consent that all members may have five legislative days to revise and extend
Chairman in his academic persona had developed that is a stitch lee before his arrival. So those to make a strong case and particularly when pursuing and conventional policy. Thinks that were not known to with those used by the fed the things precisely with the hybrid usual 60 of its. And with those additions and with the Monetary Policy more reason to have the chairman speaking more regularly and at more length and a do think it has been very helpful gussied fomc position to have the fed chairman to that if only allows him to elaborate to the committee with the discussions they would have. And then inform those people that would ask and. We appreciate that. Boy back to the nitty gritty of regulatory policy now that you have a nice boston accent we learned you are there beds sox fan that we will forgive you for but give us a bio with your rise through the federal reserve. I will try to make sure. Short. To interpret that how did you get interested in financial regulation, previous time
Resolution. Tip oneill needs no introduction to this body. Those respect and admire tips record, and his long shadow he cast over the peoples house. We all know his best known fame, all politics is local. Its certainly true today as we propose to name a building right here at the foot of capitol hill, a stones throw from this great dome, in honor the our 55th speaker. This is one of those moments when you wonder how the honoree would feel. Especially when its someone like tip who never quite held back his opinions. Perhaps he would have enjoyed seeing leaders from opposite sides of the aisle come together to give him a well deserved hurrah. Surely he would have gotten a kick of being flanked by a building named after Hubert Humphrey and jerry ford, also leaders from opposite ends of the political spectrum. Tip actually considered mr. Humphrey one of his heroes. And he had one of humphreys quotes put up on the wall in his office. Now, as for jerry ford, they didnt frankly agree on much
The speaker pro tempore on this vote the yeas are the speaker pro tempore on this vote the yeas are 415. The nays are zero. 2 3 having responded in the affirmative, the rules are suspended, the bill is passed, and without objection the motion to reconsider is laid on the table. The Unfinished Business is on the vote of the gentleman from washington, mr. Hastings, to suspend the rules and pass s. 459 on which the yeas and nays are ordered. The clerk will report the title of the bill. The clerk Union Calendar number 140, senate 459, a bill to modify the boundary of the Minuteman Missile National Historic Site in the state of south dakota and for other purposes. The speaker pro tempore the question is will the house suspend the rules and pass the bill. Members will record their votes by electronic device. This is a fiveminute vote. [captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any use of the closedcap