Space Launch Liability Indemnification Extension Actby Representative José E. Serrano
Posted on 2014-01-15
SERRANO asked and was given permission to revise and extend his
Mr. SERRANO. I thank the gentlewoman from New York, Ranking Member
Lowey, for yielding me time.
Madam Speaker, I rise in support of this legislation. As ranking member of the Financial Services Subcommittee, I wanted to discuss many of the improvements we made to that section of the bill.
Before I begin, I want to thank Chairmen Rogers and Crenshaw and Ranking Member Lowey for their hard work and diligence throughout this process. I also want to thank the staff on both sides of the aisle who spent time away from their families during the holiday season to work out a compromise that I think both sides can support.
My colleagues know that the sequester put the appropriations process under an unworkable financial strain, and this legislation helps fix that problem.
The Financial Services section of this bill is funded at $21.8 billion, which is more than $1.5 billion above last year's sequester level and almost $5 billion higher than what was approved by the committee last summer.
With this increased funding, this subcommittee was able to resolve many of the most urgent funding problems created by the sequester. We kept Postal Service 6-day delivery, restored funding for the Election Assistance Commission, and included additional funding for numerous priorities of the District of Columbia.
This bill also removes many harmful riders, riders that would have impacted the implementation of the Affordable Care Act and riders that would have affected the ability of both the SEC and the IRS to do their jobs properly.
This is not a perfect bill, but on balance, it is a good bill. I intend to vote in favor of it, and I urge my colleagues to do the same.
I want to take a second to bid an early farewell to my colleague from Virginia (Mr. Wolf) and also to thank Chairman Wolf and to thank Ranking Member Fattah for allowing language in their bill which was asked for by the President, which was, at times, a little hanging on the ropes, language that would allow, for the first time in 115 years, the people of the Commonwealth of Puerto Rico to vote on their political future. I thank them personally for that, and I stand ready to vote for this bill as soon as it comes up for a vote.