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  10. '14

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Occurrences in the Congressional Record

Entry Title Date
Omnibus Appropriations Bill December 15, 2014
Jack Reed, D-RI
"Regrettably, the last minute addition of an unrelated bill on multiemployer pension plans tilted the balance away from a bill that reflects a tough bipartisan compromise to a bill that, hastily and without thorough review, makes fundamental changes to numerous private retirement plans. Moreover, another provision of the bill seeks to undo a portion of the Dodd-Frank Wall Street Reform and Consumer Protection Act that would force large banks to separate the riskiest derivatives trades away from subsidiaries that benefit from federal deposit insurance."
Financial Institution Bankruptcy Act Of 2014 December 1, 2014
Robert Goodlatte, R-VA
"In connection with the July 15 hearing, the committee circulated the draft legislation to a number of interested parties, including the Federal Reserve, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Administrative Office of the United States Courts, the National Conference of Bankruptcy Judges, the National Bankruptcy Conference, and the International Swaps and Derivatives Association."
Celebrating Wilderness Week 2014 September 17, 2014
David Price, D-NC
"Mr. Speaker, I rise in celebration of our nation’s public lands and wilderness and in honor of Wilderness Week, observed September 13-18, 2014. This year, Wilderness Week takes on special meaning, as this September marks the 50th anniversary of two enduring tools for American conservation: the Wilderness Act and the Land and Water Conservation Fund. Passed by Congress in 1964, these two acts remain vital to our efforts of conserving the best of America’s natural lands. On September 3, 1964, President Johnson signed into law the Land and Water Conservation Fund Act, landmark legislation that established a dedicated and permanent funding stream for the purpose of protecting and conserving our nation’s irreplaceable outdoor recreational, natural, historic and cultural landmarks. Paid for by royalties collected from oil and gas companies, the Land and Water Conservation Fund (LWCF) has financed generations of projects to bring parks and clean, green spaces to the hearts of our urban areas. The suite of LWCF programs is critical for protecting natural lands, outdoor recreation opportunities, and working forests at the local, state and federal levels. Since its creation, the LWCF program has conserved more than 5 million acres of parks, recreation, forests, and other lands through the federal program and more than 2.6 million acres in communities throughout every state in the nation. But LWCF does more than simply add to our public lands. Investing in LWCF is also an important way to grow our economy. The Outdoor Industry Association states that outdoor recreation contributes more than $1.06 trillion annually to the U.S. economy, supports more than 9.4 million jobs, and stimulates 8 percent of all consumer spending. And The Trust for Public Land found that every $1 invested in LWCF returns $4 in economic value. Without LWCF funding to stimulate matching investments from state, local and private entities, this crucial economic driver will be lost. These numbers prove the program’s success, and I am pleased that the program is also extremely popular. In recent polls, more than 80 percent of voters expressed support for continuing to deposit fees from offshore oil and gas drilling into LWCF—this broad support extends from every geographic region of the country and every political persuasion. Supporters include governors, mayors, sportsmen, industry leaders, conservationists, Civil War enthusiasts, historians, recreationists, small businesses, forest owners, and the many Americans who see firsthand the tangible benefits this program has had on their communities and families. Although LWCF has a dedicated revenue stream from offshore drilling royalties and takes no taxpayer money from the general fund, large portions of this funding have been diverted over the years to non-conservation purposes. Even at last year’s appropriated level of $306 million, we were a far cry from the $900 million that is annually authorized for conservation work. In addition, LWCF’s authorizing legislation is set to expire in September 2015, and it is imperative that we reauthorize this successful program before that date. I believe Congress should uphold its decades long commitment to land and water conservation and reinvigorate LWCF, thereby expanding opportunities for all Americans to have access to parks and natural areas for outdoor recreation. Along with the Land and Water Conservation Fund Act, President Johnson also signed into law the Wilderness Act. The Wilderness Act allows Congress to designate some public lands as “wilderness.” These wilderness areas are designed to remain unchanged by humans—to allow ecological and evolutionary processes could be carried out without human intervention and give future generations a “glimpse of the world as it was in the beginning.” As such, these areas are off-limits to commercial ventures, such as logging and mining, and permanent structures (roads and lodges), but they remain available for public exploration. Just as our government had established the first national parks in the world almost a century earlier, the Wilderness Act made the United States the first country in the world to designate and protect wilderness. When it was first signed, the Wilderness Act designated 54 wilderness areas, protecting about 9.1 million acres in 13 states. Since that time, the number of wilderness areas has increased to more than 750, covering about 110 million acres of wilderness in 44 states. Our wilderness areas include some of the highest points of the Rockies to places like Linville Gorge in my home state of North Carolina’s mountains. Sadly, some opponents of conservation in Congress would like to see this hard work undone. In 2012, for the first time, Congress actually took 222 acres out of the wilderness designation. John Muir, founder of the Sierra Club, once said, “Wilderness is a necessity … There must be places for human beings to satisfy their souls.” Today, in an increasingly urban nation, wilderness areas are ever more important as we need a place to get away, to enjoy and restore ourselves. Wilderness areas also serve to provide biological diversity, clean air and water, and baseline data for research as we deal with issues like climate change. We need to protect connected landscapes to sustain our fish and wildlife and other natural resources for the future. So, while the 50th anniversary of each of these landmark bills is an occasion for celebration, it must also serve as a reminder of the work we have to do. I once heard it said that “America’s public lands are like unfinished works of art; incomplete masterpieces.” LWCF and the Wilderness Act will help to complete this work. In fact, that was the promise made to the American people 50 years ago when these bills were enacted. President Johnson wisely observed, “True leadership must provide for the next decade and not merely the next day.” So, let us celebrate wilderness week and honor the 50th anniversary of the Wilderness Act and LWCF by renewing our commitment to protect our nation’s wild places."
American Savings Promotion Act September 15, 2014
Michael Fitzpatrick, R-PA
"Studies show that Americans are not saving enough, whether for an emergency or for their retirement. This lack of savings is more pronounced among those with lower incomes. H.R. 3374 seeks to reverse this trend and encourage savings by offering depositors chances to win prizes based on their deposit activity."
Examination And Supervisory Privilege Parity Act Of 2014 July 29, 2014
Ed Perlmutter, D-CO
"Under the Federal Deposit Insurance Act, similar protections exist for banks which benefit from express legal protection that provides the confidence and legal certainty to turn over privileged information and documents at the request of their regulators."

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