Insular Areas and Freely Associated States Energy Developmentby Representative Lloyd Doggett
Posted on 2014-12-11
DOGGETT. Mr. Speaker, this bill puts a big bow on a holiday gift
for the Wall Street contributors who get special treatment in the
provisions of this
bill. Once again, here in the holiday season, it is all about stuffing
the silk stockings.
These people want to gamble with our money. When these big banks win, they get to keep all the money; but when they lose, they look to the taxpayer to bail them out. It was wrong to do so before, and this bill removes key reforms that are vital to preserving our financial system and our economic security.
We ought not yield to the big bank contributors who, at the same time, this same bill frees up additional money for individuals to pour into campaigns and pollute our democracy.
Mrs. LOWEY. Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, our most important responsibility is to fund government operations. This bill does that, but it also contains a number of objectionable items that have no place in a spending bill.
I would like to thank Jim Moran, Ed Pastor, Bill Owens, Frank Wolf, Tom Latham, and Jack Kingston. Your friendship and expertise will be missed.
I am pleased that, after weeks of negotiations, we have a package that funds 11 of the 12 bills. I hope that in the next Congress we avoid such a contentious process and pass bills we are proud to support under regular order.
Mr. Speaker, I will insert the President's statement in support of this bill in the Record.
Mr. Speaker, I am voting for this bill, and I urge your support.
I yield back the balance of my time..
Statement of Administration Policy H.R. 83--Consolidated and Further Continuing Appropriations Act, 2015 (Rep. Rogers, R-KY, Dec. 11, 2014) The Administration supports House passage of H.R. 83, making appropriations for fiscal year (FY) 2015, and for other purposes. The Administration appreciates the bipartisan effort to include full-year appropriations legislation for most Government functions that allows for planning and provides certainty, while making progress toward appropriately investing in economic growth and opportunity, and adequately funding national security requirements. The Administration also appreciates the authorities and funding provided to enhance the U.S. Government's response to the Ebola epidemic, and to implement the Administration's strategy to counter the Islamic State of Iraq and the Levant, as well as investments for the President's early education agenda, Pell Grants, the bipartisan, Manufacturing Institutes initiative, and extension of the Trade Adjustment Assistance program.
However, the Administration objects to the inclusion of ideological and special interest riders in the House bill. In particular, the Administration is opposed to the inclusion of a rider that would amend the Dodd-Frank Wall Street Reform and Consumer Protection Act and weaken a critical component of financial system reform aimed at reducing taxpayer risk. Additionally, the Administration is opposed to inclusion of a rider that would amend the Federal Election Campaign Act to allow individual donors to contribute to national political party committee accounts for conventions, buildings and recounts in amounts that are dramatically higher than what the law currently permits.
Furthermore, the Administration is disappointed that the bill would fund the Department of Homeland Security through February 27, 2015, at last year's levels. Short-term continuing resolution funding measures are disruptive, create uncertainty, and impede efficient resource planning and execution.
The Administration urges the Congress to enact comprehensive full-year appropriations legislation for all Government functions free of provisions that have no place in annual appropriations bills.