Dennis Moore

Mr. MOORE of Kansas

Mr. MOORE of Kansas. Madam Speaker, before my election to the House of Representatives, I served for several years as an elected member of the board of trustees for the Johnson County Community College in Overland Park, Kansas. This excellent community college is the crown jewel of my home community, and I was very proud to be associated with this outstanding institution of higher education. During my board service, I got to know Dr. Sally Winship who served as dean of the College's Continuing Education and Community Services. This month, Dr. Winship is retiring after working as a community college educator and administrator for 37 years. She retires as vice president of the College's Workforce, Community and Economic Development Department, and has also served as president of the JCCC Center for Business and Technology. Sally was originally trained as a dental hygienist and became coordinator of the JCCC program before becoming assistant dean of the Science, Health Care and Math Division in 1987. She received her B.S. degree from Armstrong State College, and then obtained her M.S. degree from Columbia University, and her doctorate in education from the University of Kansas. During Sally's time at the college, the outstanding Regnier Center for Technology and Business was designed, built, and opened. Her responsibilities included managing over 60 full-time staff and 550 part-time faculty, as well as managing programs serving over 155,000 participants and 480 area businesses. Sally worked hard to make the Johnson County Community College this area's workforce development resource for the greater Kansas City business community. During her time at the college, it grew in student population, course offerings, campus buildings, prestige and reputation. Madam Speaker, I join Sally's many friends and colleagues in wishing her health, happiness, and prosperity for the next chapter of her life, and in thanking her for her many, important contributions to our community.

Mr. MOORE of Kansas

Mr. MOORE of Kansas. Madam Chair, I rise today to oppose the amendment offered by my colleague, Mr. Minnick. I know my friend and colleague offers this alternative to the Consumer Financial Protection Agency in the spirit of wanting to do all we can to better protect consumers. I certainly share that view, but I don't support this proposed Consumer Financial Protection Council as the best way to accomplish that objective. This amendment effectively eliminates 4 days of thoughtful markup for CFPA and nearly 50 amendments offered by Republicans and Democrats to improve the bill. I am concerned the amendment before us may be unconstitutional, empowering a three-member State panel to decide how States will take a position that affects their consumer protections. This amendment creates a bureaucratic nightmare. In committee, we worked to focus CFPA on the bad actors that created the financial crisis, not the responsible community banks and credit unions that were lending responsibly and doing what they were asked. The exceptions for merchants and nonfinancial institutions makes sense as well. CFPA, as currently drafted, will help level the playing field for all community banks and credit unions. The new Consumer Protection Agency will instead be focused on the big banks and nonbanks, like mortgage brokers, that evaded strong supervision and gave us the subprime mortgage crisis that led to the broader financial crisis. It's time to put an end to those greedy enough to lie, cheat, and steal to the detriment of their competitors, their customers, and our economy. Like our parents and grandparents who gave us Federal Deposit Insurance following the Great Depression, now is the time to give our children and grandchildren strong consumer protections and create the CFPA. I urge my colleagues to vote ``no'' on the Minnick amendment and vote ``yes'' on the underlying bill.

Mr. MOORE of Kansas

Mr. MOORE of Kansas. Mr. Speaker, I rise tonight in support of the rule and in support of H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009, a comprehensive package that the House Financial Services Committee and other committees have worked this year to produce. I commend the leadership of Chairman Frank. Without his hard work and many committee hearings, long committee markups and behind the scenes to listen and address concerns, we would not be on the floor tonight with the bill we have. We spent over 50 hours debating the various pieces of this regulatory reform package, and our work was bipartisan. Over 50 Republican amendments were accepted along with over 20 bipartisan amendments. This package, Mr. Speaker, contains ideas put forward by Democrats and Republicans, as it should, creating a better and more thoughtful bill that we are considering tonight. We should never forget why we're here tonight with the most sweeping financial regulatory reform since the Great Depression. Last year, due to years of little oversight of our financial system, credit was overextended and financial firms were overleveraged to a point that was unsustainable. Henry Paulson, Secretary of the Treasury in the Bush administration, said to a group of us, ``We may not have a market on Monday'' if Congress did not quickly approve the TARP legislation he requested. So more than a year later, it's well past time for Congress to take the next step and create strong, fair, and clear rules of the road for Wall Street. I believe in free and open markets, but I don't believe in letting people game the system. This bill will make sure that that can't happen by, number one, ending ``too big to fail'' and putting an end to taxpayer bailouts; number two, strengthening investor protections to prevent Bernie Madoff Ponzi schemes; and number three, improving consumer protection so that innocent people are no longer taken advantage of by terms of agreement they don't understand and can't afford. I worked with my colleagues in our committee offering amendments to strengthen and improve this regulatory reform package such as, number one, the Moore-Meeks amendment, which will require ``too big to fail'' firms and other large financial institutions to conduct stress tests to ensure, in good times or in bad, these firms are fully prepared for the worst; and second, my amendment to strike ``qualified receivership,'' which is a form of conservatorship which would have allowed the government or revive a failing firm. The amendment ensures the next AIG or Lehman Brothers will be required to fail and be put out of its misery. And three, the Moore-Lynch amendment creates a council of inspectors general on financial oversight. This I.G. council will conduct strong oversight of the systemic risk council, ensuring they respond to legitimate concerns that are raised by independent inspectors general. I urge my colleagues to support the Wall Street Reform and Consumer Protection Act to guarantee we have tough, new rules of the road for Wall Street to play by and to fully protect consumers, investors, and U.S. taxpayers.

Mr. MOORE of Kansas

Mr. MOORE of Kansas. Madam Speaker, since I took office in January, 1999, Becky Fast has worked as my constituent services director. My office has prided itself on a high level of constituent services, and for that Becky deserves much of the credit. I am proud and happy to announce that last Thursday, Becky was honored as ``Social Worker of the Year'' by the Kansas Chapter of the National Association of Social Workers. Vicki Arnett, LSCSW and the Chair of the Chapter LINC committee presented the award at the 62nd MoKan Clinical Institute in Overland Park (Ritz Charles) on Thursday, October 8, 2009. The Kansas Chapter, National Association of Social Workers represents the practice and profession of social work in Kansas. The event was a two day intensive training on familial sexual abuse with Michael Boniello, LSCSW and difficult ethical problems in social work with Frederic Reamer, Ph.D., of Rhode Island. Although I was in Washington for scheduled votes, I was pleased to learn that Becky's father drove from Minnesota to Kansas to see her receive the award. I want to take this opportunity to congratulate Becky, and am honored to enter into the Congressional Record the remarks made by Vicki Arnett when she introduced Becky as the recipient of the 2009 Kansas Chapter of the National Association of Social Work ``Social Worker of the Year'': Becky Fast originally was trained as a teacher. Through that work she found that many students and their families needed individual assistance through difficult circumstances. Becky went back to school and became a social worker. Since then, she has been working in different capacities to help improve services to many individuals. Her early work has included authoring several chapters in a book on serving the aged population as well as service manuals to implement such programs. She taught social policy for many years and helped bring attention to the importance of everyday advocacy in the political arena. Becky practices Political Social Work. She has been the Director of Constituent Services for Congressman Dennis Moore since his victory in 1998. She is one of just a few social workers across the country to hold such a position. She has built the constituents program with a focus on applying social work values and skills to assisting people calling for help with federal programs. Her program serves as a model for other congressional offices and Becky willingly shares her knowledge. Over the years, Becky has mentored many social work interns and taught them the importance of listening to caller concerns and responding in a helpful way. She is constantly making connections to individuals and the community by establishing access to the Congressman and helping to suggest ways to solve problems. Becky has taken advantage of her ability to connect to people to promote social workers and the profession. For example, she had several conversations with then Governor Sebelius and they spoke about social work and delivering care to people. She was able to mention social work to President Clinton, and she facilitated a meeting with the Attorney General on social work safety. Many of the current Kansas State legislators keep social work on their mind because of Becky talking to them. Most recently, after physical threats to the congressional office, and the town hall meetings had to be canceled for safety reasons, she was still preparing materials and was generous in giving time and attention to people expressing anger and frustration. She does not lose her cool in such situations. Becky was instrumental in securing federal funding to support the Teri Mathis Zenner Safety First conference in October. Becky was one of the original presenters for Dr. Nancy Humphreys Campaign School in Connecticut. Becky has served as the Kansas Chapter, PACE Chair for several election cycles, served as the Treasurer on the Chapter Board of Directors and now serves as the Region Ten Representative on the National Board of Directors of NASW. She serves on a variety of committees and work groups and in the Kansas City area. Becky is well known across Kansas and everyone knows she is a social worker because she proudly states, ``I am a social worker'' as she does her work. Congratulations Becky for a well-earned and well-deserved recognition of the excellence you bring to the social work profession.

Mr. MOORE of Kansas

Mr. MOORE of Kansas. Madam Speaker, on July 17, 2009, I inadvertently voted ``nay'' on final passage of H.R. 3183, the Energy and Water Development and Related Agencies Appropriations Act of 2010. I should have voted ``aye'' as I strongly support the projects and programs funded through this important piece of legislation.

Mr. MOORE of Kansas

Mr. MOORE of Kansas. Madam Speaker, during my years of serving in Congress, the Kansas City, Kansas, public schools have had two excellent superintendents. When Dr. Ray Daniels retired in 2005, he was succeeded by Dr. Jill Shackelford, assistant superintendent of schools, who became USD 500's first female superintendent. Although the Kansas City, Kansas, school district faces the same formidable challenges as other urban districts, one great advantage is the stable leadership it has enjoyed. Other districts in our area have had frequent changes of leadership and vision. The KCK School District has continued to pursue an effective and visionary course, made possible by the ``First Things First'' program funded by the Kauffman Foundation. This comprehensive school reform program has brought about heartening improvements in student performance and test scores. We will miss Dr. Shackelford's warm and caring personality, but I am sure that the KCK Schools will choose another fine leader to succeed her. I am including with this statement a recent Kansas City Star article detailing Dr. Shackelford's announcement. [From the Kansas City Star, Aug. 11, 2009] KCK Superintendent, an Advocate for Urban Students, Announces Retirement (By Dawn Bormann) Kansas City, Kan., School District Superintendent Jill Shackelford--who has been a leading voice for urban, at-risk Kansas students--announced Tuesday that she would retire in June. And it is fair to say that the district's first woman superintendent has left her mark. Students know her as the ``lady in pink'' who proudly wears pink shoes, pink skirts and a rhinestone lapel pin that spells ``believe'' in capital letters. Shackelford, a former reading teacher, praises their accomplishments and passes out hugs with the nurturing style of an elementary school teacher. Education officials know her as the leader of a low-income district that led the charge for free all-day kindergarten and posted double-digit gains in assessments. The changes have stood out at least in part because 83 percent of the students qualify for free or reduced-cost lunch. When Shackelford, 65, started five years ago, some casually mentioned that she might want to tone down her wardrobe and her feminine approach. ``You know you're the first female, so don't act too female-ish,'' she said, recalling that advice. ``I was told to get into your closet and dig out all your black suits.'' It lasted a few weeks. Shackelford had already survived Stage 3 breast cancer. She didn't need to wear black to prove herself, she said. ``Out came the pink. Out came my personality, and I was able to relax,'' Shackelford said. So the superintendent didn't hide her tears Tuesday when she officially declared her retirement to her staff at the district's annual employee convocation. It surprised many but not everyone gathered at Memorial Hall. Shackelford has always maintained that she would step down after five years. It was something she made clear from day one. ``There are times in your life where you know it's somebody else's turn,'' she said. In 2005, Shackelford replaced Ray Daniels, who was highly regarded for his leadership. ``In one sense, you'd say all she had to do was follow up on the path that Ray Daniels had set. There's some truth to that,'' said Bill Reardon, the district's lobbyist and a former state lawmaker. But he pointed out that ``the more you achieve, the remaining improvements become really difficult.'' However, she had a proven track record with curriculum reform for at-risk children. Shackelford came to the district 13 years ago to work directly with curriculum. She was among the early leaders who helped implement First Things First. Thirteen years ago, the district was 11 percent proficient in reading and 3 percent proficient in math. Students are now 61 proficient in reading and 63 percent proficient in math, district officials said. ``There's no other district in the state that's gone from single digits to 60 (percent),'' she said, praising the district's more than 19,500 students. Shackelford credits the success to students, teachers, custodians, bus drivers and others.

Mr. MOORE of Kansas

Mr. MOORE of Kansas. Madam Speaker, I am pleased to have this opportunity to congratulate the collegiate policy debate team of Brett Bricker and Nate Johnson from the University of Kansas on their National Debate Tournament championship this spring. Nearly 80 teams competed in this year's National Debate Tournament, held in Austin, TX. After 10 challenging rounds of debate, Bricker and Johnson defeated the defending national champions from Wake Forest to bring home the title. While less prominent than its athletic counterparts, collegiate policy debate is a competitive, academic activity that exists in universities across the Nation. Students spend countless hours throughout the academic year reading articles and forming arguments to debate a national topic on both sides. In addition to the grueling work required by the activity, students must also keep up with their schoolwork, all without the benefit of scholarships. I am pleased to share with the other members of the House of Representatives a recent article in Kansas Alumni magazine chronicling the champions' story. I ask that my colleagues join me in congratulating Brett Bricker and Nate Johnson on their championship. Raise the Blue Banner--There's no Room for Argument: KU's Debate Team Is the Best in the Land (By Joe Miller) While other Kansas seniors are enjoying spring break on beaches in Florida, Brett Bricker is in cold, damp Lawrence, his nose buried in books. He reads all day, every day, taking short breaks now and then to grab some food. And he keeps reading while he eats. At night he can't sleep, so he gets up and reads some more, plowing through thick, mind-numbing books about the global economy and farm subsidies, and dense articles culled from peer-reviewed journals. lt's grueling, but this is March--tourney time. Bricker knows he must give his all if he wants to bring the national championship trophy back to KU. When he needs a break from reading, he trudges across an empty campus to Bailey Hall, downstairs to the basement, to meet with his teammate, fellow senior Nate Johnson. It's a messy place, with tables and study carrels stacked with books and photocopied articles, reams and reams of them, and accordion tile folders and pens and highlighters. And trophies. Lots and lots of trophies. ``There's too many trophies,'' he says. ``Not enough room for all of them.'' But Bricker, a math major, and Johnson, a double major in philosophy and political science, have spent four years doing all they can to add to the clutter. They first set foot in this place when they were high school students and were blown away by the winning tradition showcased on its walls, which are covered with banners: yellow and red for Final Four finishes, burgundy for ending the regular season ranked No. 1, and four KU blue ones for national championships: 1954, 1970, 1976 and 1983. ``When you get here, you want to work as hard as you can to enshrine your name here,'' Johnson says. Among the banners are several bearing their names, each for perfectly admirable accomplishments such as earning top seed in a championship tournament or finishing in the finals or Final Four. But those aren't good enough for Bricker and Johnson. The banners that bear their names aren't Jayhawk blue. Folks sometimes compare KU's debate program to its storied basketball program. But that's really doing a disservice to debate. Over the past 50 years, the Jayhawks won the National Debate Tournament four times, made it to the NDT Final Four on 13 occasions, and have qualified for the tourney every year since 1968. And, unlike basketball, they do it all without the benefit of full-ride scholarships. The Jayhawk debate squad, a perennial national top 10, is a team of walk-ons. ``Our students debate because they love debate,'' says coach Scott Harris. Despite its success, Kansas doesn't attract the nation's top high school debaters the way rivals do. Other top-ranked debate programs, such as Northwestern, Emory, Harvard, Dartmouth and California-Berkeley, reload every season with champion debaters from the best prep schools in the country. Kansas builds its success with in-state students who had little opportunity to compete at the national level. ``Kansas has a great tradition of taking kids who weren't especially good debaters in high school and making them into champions,'' Bricker says. He and Johnson are perfect examples. Both debated in high school, Johnson in Manhattan and Bricker in Wichita. And though both qualified for the national championship tournament, along with hundreds of other kids, neither made it to elimination rounds, much less the Final Four or championship. Yet now they're heading into the final tournament of their college careers, the storied National Debate Tournament, as the second-ranked team in the nation, having been edged out of the top spot by Northwestern in February after a season- long, neck-and-neck battle. It would have been nice to finish No. 1, of course. But in the big scheme of things, it doesn't matter. All that matters now--indeed, maybe all that ever has mattered--is the NDT. Last year, Kansas got knocked out in the Elite Eight. Same thing the year before. Now the Jayhawks have one last chance to win it for themselves, and for their coach, who, despite an outstanding record in his 18 years in Lawrence, has never won the big one. Harris came to Lawrence in 1991, after a five-year stint as director of debate for the University of Louisville, where, truth be told, he was beginning to feel disillusioned with the game. It's a high burnout activity,'' he explains. Observing Bricker and Johnson as they prepare for the NDT, it's easy to see why. Each works more than 40 hours a week on debate during the regular season, much more at championship time. This is in addition to school. And neither of them sloughs off their schoolwork. Both are graduating with honors and have shored up plans to continue their studies, Johnson in law school and Bricker as a master's student in KU's communication studies program. Coaching is even more demanding. In addition to managing several dozen debaters and nine assistant coaches (grad students in the communication studies department), and traveling to 18 tournaments a year, Harris also teaches two classes each semester. Yet he feels more excited about debate today than ever, he says, ``because of the quality of students we've had here at Kansas. I really feel like I've been spoiled. We've had really good people. I don't know what it is about Kansas. Maybe it's something in the water that produces kids of high character.'' Also, he gets a lot of help from the administration and alumni. Support for debate has always been strong. It helps, for instance, that the chair of the communication studies department is not only a former KU debater but also a national champion: Professor Robert Rowland, c'77, PhD'83, won the NDT in 1976 with teammate Frank Cross, c'77. But support strengthened in 2001, when Chancellor Robert E. Hemenway formed the KU Debate Advisory Committee, a group of faculty and alumni that raises funds for the program and builds community across generations of KU debaters. Mark Gidley, c'83, c'83, who serves on the committee and helped win Kansas' last national championship, in 1983, says the effort has benefited the program and alumni. ``We've had a number of reunions,'' he says. ``It's been amazing to make connections between debaters from the '40s and '50s and the '80s and '90s and to see that we all had the same experiences.''

Mr. MOORE of Kansas

Mr. MOORE of Kansas. Mr. Speaker, Kansas City has come a long way from the stockyards and animal shipping that put it on the map. Now it's also the hub of America's animal health industry. The Kansas City stockyards opened in the late 1800s, and quickly became one of the busiest animal ports in the country. The Kansas City Livestock Exchange was built in 1910 and became the largest building in the world dedicated solely to livestock. The tradition continues today as 45 percent of the country's feedlot-raised cattle and 40 percent of its hogs are found within a 350-mile radius of Kansas City. Over the years, the stockyards have attracted businesses specialized in animal food and medicine. Today, more than 125 companies involved in the animal health industry are located in the Kansas City metro region, including four of the 10 largest global animal health companies and one of the top five largest animal nutrition companies. Both Kansas State University and the University of Missouri are leading institutions in animal research. The University of Missouri is home to the prestigious National Swine Resource and Research Center and the Research Animal Diagnostic Laboratory. Kansas State is home to the Biosecurity Research Institute, the only facility of its kind in the world, which researches biosecurity hazards to our food supply and the containment of animal illness. Just this year, the Department of Homeland Security has also selected Kansas State as the future home of the National Bio and Agro-Defense Facility, a $750 million government investment, adding another component to Kansas' animal health resume. Most impressively, 34 percent of the $16.8 billion generated each year by the global animal health industry is based in the Kansas City region. For these reasons, I would ask that people join me in acknowledging the Kansas City metro region--from Manhattan, Kansas, to Columbia, Missouri--as the Kansas City Animal Health Corridor. Kansas City is still a cow town, and we are proud to be the high-tech cow town of the 21st century. I urge my colleagues to support House Resolution 317.

Mr. MOORE of Kansas

Mr. MOORE of Kansas. Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 2947) to amend the Federal securities laws to make technical corrections and to make conforming amendments related to the repeal of the Public Utility Holding Company Act of 1935.

Mr. MOORE of Kansas. Mr. Speaker, I ask unanimous consent that all Members have 5 legislative days in which to revise and extend their remarks on this legislation.

Mr. MOORE of Kansas. Mr. Speaker I yield myself such time as I may consume. I rise today in support of H.R. 2947, the Securities Law Technical Corrections Act of 2009, drafted by my colleague from Kansas, Congresswoman Lynn Jenkins. I commend her work on this bill, Mr. Speaker. During the 110th Congress, a nearly identical bill, H.R. 3505, sponsored by Congressman Peter Roskam of Illinois, passed the House by a vote of 396-0. The Senate never acted on the measure. This bill would effectively exclude companies that were subject to regulation under the Public Utility Holding Company Act of 1935, which was repealed in 2005, from the definition of investment company and from the definition of securities laws. Again, I commend Congresswoman Jenkins for sponsoring this legislation, and I urge my colleagues to support it. I reserve the balance of my time.

Mr. MOORE of Kansas. Mr. Speaker, I yield 2 minutes to the gentlewoman from New York (Mrs. Maloney). (Mrs. MALONEY asked and was given permission to revise and extend her remarks.)

Mr. MOORE of Kansas. Mr. Speaker, I reserve the balance of my time.

Mr. MOORE of Kansas. Mr. Speaker, I urge my colleagues to support H.R. 2947. Mr. Speaker, I yield back the balance of my time.

Mr. MOORE of Kansas

Mr. MOORE of Kansas. Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 3179), to amend the Emergency Economic Stabilization Act of 2008 to require the Special Inspector General for the Troubled Asset Relief Program to include the effect of the Troubled Asset Relief Program on small businesses in the oversight, audits, and reports provided by the Special Inspector General, and for other purposes, as amended.

Mr. MOORE of Kansas. Mr. Speaker, I ask unanimous consent that all Members have 5 legislative days within which to revise and extend their remarks on this legislation and to insert extraneous material thereon.

Mr. MOORE of Kansas. I yield myself as much time as I may consume. Mr. Speaker, I rise today in support of H.R. 3179, the SIG TARP Small Business Awareness Act of 2009, drafted by my colleague from Minnesota, Congressman Erik Paulsen. I commend his work on this important legislation. This bill was originally offered as an amendment by Congressman Paulsen to S. 383, the Special Inspector General for the Troubled Asset Relief Program Act, that was approved by the House on April 25, 2009, by a vote of 423-0, and was later signed into law. During the markup, I commended Congressman Paulsen for offering his amendment, and I supported the substance of the amendment; but to get S. 383 quickly to the President's desk to equip the SIG TARP with the resources and with the authority he desperately needed, we did not add the amendment to the bill. I am glad Congressman Paulsen has offered this proposal again as a standalone bill so that the SIG TARP can closely monitor how TARP has affected small businesses and can report back to Congress. I urge my colleagues to support H.R. 3179. I reserve the balance of my time.

Mr. MOORE of Kansas. Mr. Speaker, I wanted to also raise a point that Congressman Watt had raised in the committee markup in which Congressman Paulsen's proposal was debated. Congressman Watt offered an amendment that was accepted by voice vote to make sure that, in addition to small businesses, the SIG TARP should review how TARP has affected minority- and women-owned businesses. This is a good idea, and we should make sure TARP is being administered fairly and equally across the board. I appreciate Congressman Paulsen for working on a bipartisan basis to address this concern and for revising his bill to include it. I reserve the balance of my time.

Mr. MOORE of Kansas. Mr. Speaker, I urge my colleagues to support H.R. 3179, and I yield back the balance of my time.

Mr. MOORE of Kansas

Mr. MOORE of Kansas. Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 2664) to require annual oral testimony before the Financial Services Committee of the Chairperson or a designee of the Chairperson of the Securities and Exchange Commission, the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board, relating to their efforts to promote transparency in financial reporting.

Mr. MOORE of Kansas. Mr. Speaker, I ask unanimous consent that all Members have 5 legislative days within which to revise and extend their remarks on this legislation and to insert extraneous material thereon.

Mr. MOORE of Kansas. I yield myself such time as I may consume. Mr. Speaker, I rise today in support of H.R. 2664, the Promoting Transparency in Financial Reporting Act, drafted by the gentleman from New York, Congressman Chris Lee. I commend his work on this bill, H.R. 2664. It is a bipartisan bill that is also sponsored by Congressmen David Scott, Geoff Davis, Mike Castle, and Adam Putnam. Following the financial crisis our country faced last year, it is clear that we need to improve the oversight and transparency of the financial services industry. This bill would require the Securities and Exchange Commission, the Financial Accounting Standards Board and the Public Company Accounting Oversight Board to provide annual testimony to Congress for 5 years. Their testimony will help us to understand and support their efforts to reduce the complexity in financial reporting and to provide more accurate and clear financial information to investors. Again, Mr. Speaker, I commend Congressman Lee for his work on this legislation, and I urge my colleagues to support it. I reserve the balance of my time.

Mr. MOORE of Kansas. Mr. Speaker, the Promoting Transparency in Financial Reporting Act will help provide greater transparency and clarity for investors. I urge my colleagues to support this bill. I yield back the balance of my time.

Mr. MOORE of Kansas

Mr. MOORE of Kansas. Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 2571) to streamline the regulation of nonadmitted insurance and reinsurance, and for other purposes.

Mr. MOORE of Kansas. Mr. Speaker, I ask unanimous consent that all Members have 5 legislative days within which to revise and extend their remarks on this legislation and to insert extraneous material thereon.