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
By rockets, and the russians have a key hold on the area. Merkel and hollande will hold a joint press conference this morning. Walmart finally caved in under all the pressure agreeing to raise wages for almost half a million workers. They will get nine dollars an hour by april of this year and 10 an hour about a year from now, february of 2016. Labor activists have been pushing walmart to improve its wages. Walmart also says it wants to lower its worker turnover rate. One analyst says this move puts pressure on target and other rivals to follow suit. Brendan the latest trend on wall street is not good for bankers or traders. Workforces are shrinking. They were down 4 last year. The study says the total of key jobs the company at the cover has fallen. This sunday it is the super bowl of speed. More than 100,000 nascar fans are expected at sunday prostate on a 500. This would be the 57th running of stock cars premier race. Jeff gordon says it will be his last and he has pull position at
Has to sidebyside being distributed . Mr. Chairman, can i move my vote after. We are waiting for a ruling from the parliamentarian. I couldnt hear you. Waiting on berlin from the parliamentarian. Okay. Can i move my votes until the end of the tranche . [inaudible conversations] the next one is to widen rural schools and there is a sidebyside which has been handed out already. [inaudible conversations] so on a sidebyside, two minutes of debate. Colleagues, my amendment creates a Deficit Neutral Reserve Fund to protect americas treasures and grow our rural economies in a balanced way. The sidebyside ties the wellbeing of rural economies and our spectacular treasures we all revere to unsustainable logging levels. So i hope we will look carefully at the numbers here because the programs involved already get a significant amount of their funding from logging. This amendment would jack up the logging level far beyond what is sustainable and said this is in effect my amendment that will fund
Senator voice vote unless there is an objection. Those in favor say aye. Opposed. Accepted. Senator staben nows will be next and changed her amendment and ask that to be next. Senator sanders are you waiting . Senator stabenow we made a small change. If you would like to senator small change. See if we can comply with that. Longterm spending. Senator i hope we have that continued bipartisan spirit that information is a good thing if we are going to solve a problem we have to define it properly and we have it. My amendment is pretty simple. Weve got the chart up on the big screen again that the definition of this problem. All these promises to the baby boom generation, we see the exploding deficit and asking c. B. O. When they submit their report a percentage of g. D. P. , which we added just report the amount of dollar over the next 30 years. Senator if i could complyment him. Senator any objection to a voice vote. Those in favor say aye. Those opposed, no. The amount is passed. Our ne
The speaker pro tempore the house will be in order. The chair lays before the house a communication from the speaker. The clerk the speakers room washington, d. C. April 13 2015. I hereby appoint the honorable luke messer to act as speaker pro tempore on this day. Signed john a. Boehner, speaker of the house of representatives. The speaker pro tempore the prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Gracious god, we give you thanks for giving us another day. The work of the congress resumes after time spent by millions of americans celebrating High Holy Days and spring comes to our nations capital. It is the season of hope. In this chamber where the peoples house gathers we pause to offer you gratitude for the gift of this good land on which we live and for this great nation which you have inspired and in developing so many years. Continue to inspire the American People that through the difficulties of these days we might keep liberty and justice