Mr. Gibson and i joined together to introduce legislation that clarified rules under the doddfrank act with regard to margin clearing and reporting requirements of interaffiliate transactions. What that means is a lot of main street businesses in various industries from agriculture to Consumer Products that work across International Boundaries use this central treasury unit structure to offset competing or offsetting risks and that way they can decide what their total aggregate risk is and then make it much more affordable for a corporation. Unfortunately the way the rules were interpretted by the commodities futures trading commission, these companies were being charged double or triple the cost by imposing these Central Clearing unit ways of managing risk. It just didnt make sense and it actually cost them more money. And these companies did not add systemic risk. Thats what the rules on swaps were all about is to make sure we reduce systemic risks. These companies are using these co
Forward in whatever their path of life to make a positive contribution to the strength of our democracy. Bless us this day bless us this day and every day and all that is done within these hallowed halls n for your greater honor and glory amen. The speaker pro tempore the compare compare and announces to the house his approval thereof. Pursuant to clause 1 of rule 1, the journal stands approved. The pledge of allegiance will be led by the gentleman from ohio, mr. Chabot. Mr. Chabot please join me in the pledge. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. The speaker pro tempore the chair will entertain requests for oneminute speeches. For what purpose does the gentleman from nebraska seek recognition . Request unanimous consent to address the house for one minute. Revise and extend my. The speaker pro tempore without objection, the gentleman is recognized fo
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