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Apr 15, 2024
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mr. mchenry: mr. speaker, i ask unanimous consent that all members may have five legislative days in which to revise and extend their remarks and include extraneous material on this bill. the speaker pro tempore: without objection. mr. mchenry: mr. speaker, i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. mchenry: mr. speaker, i rise in support of h.r. 5923, the iran-china energy sanctions act, sponsored by mr. lawler. currently, iran is subject to a comprehensive set of sanctions. we know there are loopholes. under current law, the president is required to blacklist foreign financial institutions that undertake significant transactions with sanctioned iranian banks. however, we know that these significant transactions are leaving much of the country's energy trade untouched. last year iran's oil exports rose by 50%, reaching a five-year high. most of these exports went to china. mr. lawler's bill makes clear that any petroleum-related transaction be
mr. mchenry: mr. speaker, i ask unanimous consent that all members may have five legislative days in which to revise and extend their remarks and include extraneous material on this bill. the speaker pro tempore: without objection. mr. mchenry: mr. speaker, i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. mchenry: mr. speaker, i rise in support of h.r. 5923, the iran-china energy sanctions act, sponsored by mr. lawler. currently, iran is...
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Apr 16, 2024
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mr. mchenry: mr. speaker, over the weekend we witnessed iran's unprecedented attack on our greatest ally and the lone democracy in the middle east, israel. tehran struck our friends in israel with a swarm of missiles and drone attacks launched from iranian soil. thankfully, most of the attack was intercepted by israeli defense systems with the support from the mighty u.s. military and other partners in the region and across the world. this assault was just the latest sign that the ayatollahs seek to destroy israel from all sides. in addition to this direct attack, iran has sought to encircle our -- the speaker pro tempore: please take your conversations off the floor. the gentleman is recognized. mr. mchenry: so when tehran struck our friends in israel with a swarm of missile and drone attacks from launched from iranian soil, i think this woke up the world. this assault was just the latest sign that the ayatollahs seek to destroy israel from all sides. in addition to this direct attack, iran has sough
mr. mchenry: mr. speaker, over the weekend we witnessed iran's unprecedented attack on our greatest ally and the lone democracy in the middle east, israel. tehran struck our friends in israel with a swarm of missiles and drone attacks launched from iranian soil. thankfully, most of the attack was intercepted by israeli defense systems with the support from the mighty u.s. military and other partners in the region and across the world. this assault was just the latest sign that the ayatollahs...
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Apr 15, 2024
04/24
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mchenry, to suspend the rules and pass h.r. 5291 as amended. the clerk will report the title. the clerk: h.r. 5921, a bill to prohibit the secretary of the treasury from authorizing certain transactions by united states financial institutions in connection with iran to prevent the international minnesota tear fund from providing financial assistance to iran. to codify prohibitions on export-import bank financing for the government of iran and for other purposes. the speaker pro tempore: the question is will the house suspend the rules and pass the bill as amended. members will record their votes by electronic device. this is a five-minute vote. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the speaker pro tempore: on this vote the yeas are 294, the nays are 105. thirds being in the affirmative the rules are suspended, the bill
mchenry, to suspend the rules and pass h.r. 5291 as amended. the clerk will report the title. the clerk: h.r. 5921, a bill to prohibit the secretary of the treasury from authorizing certain transactions by united states financial institutions in connection with iran to prevent the international minnesota tear fund from providing financial assistance to iran. to codify prohibitions on export-import bank financing for the government of iran and for other purposes. the speaker pro tempore: the...
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Apr 10, 2024
04/24
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. >> the vice chair, mr. barr. >> ron vice chair. >> sorry. mr. hill is recognized. >> thank you, mr. chairman. i want to welcome you, chairman powell, and i want to pick up where chairman mchenry left off on his conversation. you made a good point saying you are not taking the whole concept of re-proposal off the table as you review the analytics. and you will discuss the interactivity of that rule with other rules. if you were to re-propose the in game, with the federal reserve delay the long-term debt proposal that is on the table? would you agree that the agency will not finalize this long- term debt proposal until banks have a better understanding of what their capital obligations under basil three and game might be? >> we haven't made the first decision yet, so i couldn't say definitively. but that's a question we have been asking ourselves, is what would be the implication for long-term debt. >> is the fed considering changes to the requirement for regional banks to issue long- term debt? right now, it is slated to be issued at 6% of the ri
. >> the vice chair, mr. barr. >> ron vice chair. >> sorry. mr. hill is recognized. >> thank you, mr. chairman. i want to welcome you, chairman powell, and i want to pick up where chairman mchenry left off on his conversation. you made a good point saying you are not taking the whole concept of re-proposal off the table as you review the analytics. and you will discuss the interactivity of that rule with other rules. if you were to re-propose the in game, with the...
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Apr 9, 2024
04/24
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the gentleman from arkansas, the vice chair of the full committee, mr. hill is recognized for five minutes. >> thank you, gentlemen. i want to recognize you chairman powell to the committee. we're glad to have you back and your expertise. i want to pick up where chairman mchenry left off on his conversation. you made a good point saying you're not taking the whole concept or proposal as you review the analytics. you will discuss the interactivity of that rule and other rules. would they delay the long-term debt proposal, for those holding companies until they have a better understanding of what the basel end game might be? >> and that is a question that we would be asking ourselves. >> to issue long-term debt that is expected to be issued at 6% of the risk weighted assets in an abundance of caution in case there needs to be a resolution obviously. we know the logic for it. it's being held down at the bank level and that seems redundant to me. >> that is another comment period where they ended a little while back, so once again, we're in the process of ev
the gentleman from arkansas, the vice chair of the full committee, mr. hill is recognized for five minutes. >> thank you, gentlemen. i want to recognize you chairman powell to the committee. we're glad to have you back and your expertise. i want to pick up where chairman mchenry left off on his conversation. you made a good point saying you're not taking the whole concept or proposal as you review the analytics. you will discuss the interactivity of that rule and other rules. would they...