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  10. '15

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Occurrences in the Congressional Record

Entry Title Date
Statements On Introduced Bills And Joint Resolutions April 23, 2015
Jack Reed, D-RI
"However, unlike other oversight bodies, such as the SEC, the U.S. Department of Labor, the Federal Deposit Insurance Corporation, the U.S. Commodity Futures Trading Commission, the Financial Industry Regulatory Authority, and others, the Board’s disciplinary proceedings are not allowed to be public without consent from the parties involved. Of course, parties subject to disciplinary proceedings have no incentive to consent to publicizing their alleged wrongdoing and thus these proceedings typically remain cloaked behind a veil of secrecy. In addition, the Board’s decisions in disciplinary proceedings are not allowed to be publicized until after the complete exhaustion of an appeals process, which can often take several years."
Opening Our Eyes To The Epidemic Of Police Violence In America April 14, 2015
Hank Johnson, D-GA
"So I would think it is reasonable to assume that that officer, the first one to arrive at the scene, who happened to be an African American it looked to me, apparently, I would think that it is reasonable to assume that he saw the officer deposit that item, which I believe to be the taser, beside the victim."
Expedited Funds Availability Act Amendment April 13, 2015
Gregorio 'Kilili' Sablan, I-MP
"Mr. Speaker, the people of the Northern Mariana Islands deserve the same protections of federal law as other Americans. Making sure my people get equal treatment is one of the reasons I came to Congress and equivalent treatment brings me to the floor today in support of H.R. 1367. As we have heard, H.R. 1367 extends the protections of the Expedited Funds Availability Act to the people of the Northern Marianas and American Samoa. This would mean that account holders in the Northern Marianas and American Samoa would have timely access to their money when they deposit a check in their bank. The same banking rules would apply in the Northern Marianas and American Samoa as apply in Alaska, Hawai’i, Puerto Rico, and the U.S. Virgin Islands—the areas of our nation not directly connected to the contiguous forty-eight states. It may be that in 1987, when the Expedited Funds Availability Act was first adopted, the Northern Marianas and American Samoa seemed remote from the rest of America. Back then, paper checks may have been bundled up and sent through the mail. So delays were inevitable. But today banking is handled electronically. With a smart phone many banking customers can take a picture of a check and deposit it in their account without even going to the bank. I have checked with the major banks in my district; none has any problem with having this federal law apply to their operations—because they all do business electronically and make deposits quickly available. So, clearly, it is time to update federal banking laws with respect to the Northern Marianas and American Samoa and join the 21st century. I want to thank my friend, Congresswoman Aumua Amata Coleman Radewagen, for introducing H.R. 1367. And I want to congratulate her for getting her bill moved through the Financial Services Committee and brought to the floor quickly and early in the 114th Congress. This same language has passed the House before, but died in the Senate. But the quick start that Congresswoman Radewagen has given her bill will allow the Senate more time—and, we hope, enough time—to make this simple correction to the way federal law applies in two of our nation’s insular areas. I would also like to thank Chairman Jeb Hensarling, Ranking Member Maxine Waters, and all the members of the Financial Services Committee for recognizing that creating a uniform application of federal banking law—at least with respect to how quickly depositors have access to their funds—is an area of bipartisan consensus. I ask all Members of the House to agree and vote today in favor of "
Passenger Rail Reform And Investment Act Of 2015 March 4, 2015
Albio Sires, D-NJ
"(a) Northeast Corridor Improvement Fund.—There are authorized to be appropriated to the Secretary for the use of Amtrak for deposit into the Northeast Corridor Improvement Fund account established under section 24319(a)(1) of title 49, United States Code (as added by section 201 of this Act), the following amounts: (1) For fiscal year 2016, $439,000,000. (2) For fiscal year 2017, $464,000,000. (3) For fiscal year 2018, $480,000,000. (4) For fiscal year 2019, $498,000,000. (b) National Network.—There are authorized to be appropriated to the Secretary for the use of Amtrak for deposit into the National Network account established under section 24319(a)(2) of title 49, United States Code (as added by section 201 of this Act), the following amounts: (1) For fiscal year 2016, $973,000,000. (2) For fiscal year 2017, $974,000,000. (3) For fiscal year 2018, $985,000,000. (4) For fiscal year 2019, $997,000,000. (c) Project Management Oversight.—The Secretary may withhold up to $2,000,000 of the amount appropriated pursuant to subsection (a), and up to $2,000,000 of the amount appropriated pursuant to subsection (b), for the costs of management oversight of Amtrak."
Introduction Of The National Freight Network Trust Fund Act Of 2015 February 12, 2015
Janice Hahn, D-CA
"This legislation would create a National Freight Network Trust Fund and deposit 5% of all import duties collected by Customs and Border Protection (CBP) at Ports of Entry into the Fund to be spent only on freight transportation. Neither businesses nor taxpayers would incur any new cost because it uses a small percentage of funds our CBP officials already are collecting at the border as freight enters our nation."

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