Ed Perlmutter

Mr. PERLMUTTER

Mr. PERLMUTTER. Madam Speaker, I rise today to recognize and applaud Juan Arredondo for receiving the Adams County Mayors and Commissioners Youth Award. Juan Arredondo is a 12th grader at Vantage Point High School and received this award because his determination and hard work have allowed him to overcome adversities. The dedication demonstrated by Juan Arredondo is exemplary of the type of achievement that can be attained with hard work and perseverance. It is essential students at all levels strive to make the most of their education and develop a work ethic which will guide them for the rest of their lives. I extend my deepest congratulations to Juan Arredondo for winning the Adams County Mayors and Commissioners Youth Award. I have no doubt he will exhibit the same dedication and character in all of his future accomplishments.

Mr. PERLMUTTER

Mr. PERLMUTTER. Madam Speaker, I rise today to recognize and applaud Kayla Burby for receiving the Adams County Mayors and Commissioners Youth Award. Kayla Burby is a 12th grader at Prairie View High School and received this award because her determination and hard work have allowed her to overcome adversities. The dedication demonstrated by Kayla Burby is exemplary of the type of achievement that can be attained with hard work and perseverance. It is essential students at all levels strive to make the most of their education and develop a work ethic which will guide them for the rest of their lives. I extend my deepest congratulations to Kayla Burby for winning the Adams County Mayors and Commissioners Youth Award. I have no doubt she will exhibit the same dedication and character in all of her future accomplishments.

Mr. PERLMUTTER

Mr. PERLMUTTER. Madam Speaker, I rise today to recognize and applaud Landin Jeffrey for receiving the Adams County Mayors and Commissioners Youth Award. Landin Jeffrey is an 11th grader at Eagle Ridge Academy and received this award because his determination and hard work have allowed him to overcome adversities. The dedication demonstrated by Landin Jeffrey is exemplary of the type of achievement that can be attained with hard work and perseverance. It is essential students at all levels strive to make the most of their education and develop a work ethic which will guide them for the rest of their lives. I extend my deepest congratulations to Landin Jeffrey for winning the Adams County Mayors and Commissioners Youth Award. I have no doubt he will exhibit the same dedication and character in all of his future accomplishments.

Mr. PERLMUTTER

Mr. PERLMUTTER. Madam Speaker, I rise today to recognize and applaud Sierra Lopez for receiving the Adams County Mayors and Commissioners Youth Award. Sierra Lopez is an 11th grader at Mountain Range HS and received this award because her determination and hard work have allowed her to overcome adversities. The dedication demonstrated by Sierra Lopez is exemplary of the type of achievement that can be attained with hard work and perseverance. It is essential students at all levels strive to make the most of their education and develop a work ethic which will guide them for the rest of their lives. I extend my deepest congratulations to Sierra Lopez for winning the Adams County Mayors and Commissioners Youth Award. I have no doubt she will exhibit the same dedication and character in all of her future accomplishments.

Mr. PERLMUTTER

Mr. PERLMUTTER. Madam Speaker, I rise today to recognize and applaud the anniversary of Thomas Jefferson's birthday. As our third President, a Founding Father, and the main author of the Declaration of Independence, Thomas Jefferson was a formative voice in our nascent American democracy. Jefferson championed the ideas of religious tolerance, human rights, and liberty for all. He considered democracy, along with a free press and robust public education system, to be the embodiment of a thriving, successful society. These indelible notions continue to be fundamental to our country today. On his 278th birthday, I extend my deepest thanks and respect to Thomas Jefferson for his commitment to the ideals of democracy and his stringent belief in the strength of the United States of America.

Mr. PERLMUTTER

Mr. PERLMUTTER. Madam Speaker, I rise today to recognize and applaud Jassmen (Jay) Rozyc for receiving the Adams County Mayors and Commissioners Youth Award. Jassmen (Jay) Rozyc is a 12th grader at Legacy HS and received this award because her determination and hard work have allowed her to overcome adversities. The dedication demonstrated by Jassmen (Jay) Rozyc is exemplary of the type of achievement that can be attained with hard work and perseverance. It is essential students at all levels strive to make the most of their education and develop a work ethic which will guide them for the rest of their lives. I extend my deepest congratulations to Jassmen (Jay) Rozyc for winning the Adams County Mayors and Commissioners Youth Award. I have no doubt she will exhibit the same dedication and character in all of her future accomplishments.

Mr. PERLMUTTER

Mr. PERLMUTTER. Madam Speaker, I rise today to recognize Henry Leopold Strauss of Denver, Colorado who passed away on April 8, 2021. Henry was born in Germany in 1927. As Hitler was rising to power his family fled for Spain, then ultimately Denmark. After immigrating to New York in 1937 Henry moved to Denver in 1939. A graduate of East High School and the University of Colorado, Henry obtained a real estate broker's license and opened Strauss Realty. Henry and his first wife, Florence, married in 1958 and spent nearly four decades together before Florence passed away in 1995. Henry was a strong advocate of civic engagement and was active in Democratic politics and a number of community organizations including the Rotary Club and the Council on Foreign Relations. Henry also served for 22 years on the Metropolitan State University Foundation Board. An avid traveler, Henry was crossing the globe well into his 80s with his second wife, Joan. Henry had a particular appreciation for China and made a impressive total of 26 trips there over the years. In 1995, Henry set up the Florence G. Strauss Indigenous Medicine Collection Fund to collect books related to complementary health practices and indigenous therapies around the world. This collection became Henry's greatest pride and joy over the past 25 years and currently contains over 4,000 columns. Henry was a devoted husband and loving father and grandfather. He is survived by his wife Joan, his son Andy, and daughters Pam and Mimi, and his grandchildren Abbie, Emily, Emma, and Edie. I am deeply grateful for his lifetime of service to our community.

Mr. PERLMUTTER

Mr. PERLMUTTER. Madam Speaker, I rise today to recognize and applaud Jasmine Torres for receiving the Adams County Mayors and Commissioners Youth Award. Jasmine Torres is a 12th grader at Vantage Point High School and received this award because her determination and hard work have allowed her to overcome adversities. The dedication demonstrated by Jasmine Torres is exemplary of the type of achievement that can be attained with hard work and perseverance. It is essential students at all levels strive to make the most of their education and develop a work ethic which will guide them for the rest of their lives. I extend my deepest congratulations to Jasmine Torres for winning the Adams County Mayors and Commissioners Youth Award. I have no doubt she will exhibit the same dedication and character in all of her future accomplishments.

Mr. PERLMUTTER

Mr. PERLMUTTER. Madam Speaker, I rise today to recognize and applaud Francisca Vasquez for receiving the Adams County Mayors and Commissioners Youth Award. Francisca Vasquez is an 11th grader at Lester Arnold High School and received this award because her determination and hard work have allowed her to overcome adversities. The dedication demonstrated by Francisca Vasquez is exemplary of the type of achievement that can be attained with hard work and perseverance. It is essential students at all levels strive to make the most of their education and develop a work ethic which will guide them for the rest of their lives. I extend my deepest congratulations to Francisca Vasquez for winning the Adams County Mayors and Commissioners Youth Award. I have no doubt she will exhibit the same dedication and character in all of her future accomplishments.

Mr. PERLMUTTER

Mr. PERLMUTTER. Madam Speaker, I rise today to recognize and applaud Emma Arvizo-Aguirre for receiving the Adams County Mayors and Commissioners Youth Award. Emma Arvizo-Aguirre is a 12th grader at MESA and received this award because her determination and hard work have allowed her to overcome adversities. The dedication demonstrated by Emma Arvizo-Aguirre is exemplary of the type of achievement that can be attained with hard work and perseverance. It is essential students at all levels strive to make the most of their education and develop a work ethic which will guide them for the rest of their lives. I extend my deepest congratulations to Emma Arvizo-Aguirre for winning the Adams County Mayors and Commissioners Youth Award. I have no doubt she will exhibit the same dedication and character in all of her future accomplishments.

Mr. PERLMUTTER

Mr. PERLMUTTER. Madam Speaker, I rise today to recognize and applaud Evelyn Anne Smith for receiving the Adams County Mayors and Commissioners Youth Award. Evelyn Anne Smith is an 11th grader at Vantage Point High School and received this award because her determination and hard work have allowed her to overcome adversities. The dedication demonstrated by Evelyn Anne Smith is exemplary of the type of achievement that can be attained with hard work and perseverance. It is essential students at all levels strive to make the most of their education and develop a work ethic which will guide them for the rest of their lives. I extend my deepest congratulations to Evelyn Anne Smith for winning the Adams County Mayors and Commissioners Youth Award. I have no doubt she will exhibit the same dedication and character in all of her future accomplishments.

Mr. PERLMUTTER

Mr. PERLMUTTER. Madam Speaker, I rise today to recognize and applaud Hajir Mohammed for receiving the Adams County Mayors and Commissioners Youth Award. Hajir Mohammed is a 12th grader at Eagle Ridge Academy and received this award because her determination and hard work have allowed her to overcome adversities. The dedication demonstrated by Hajir Mohammed is exemplary of the type of achievement that can be attained with hard work and perseverance. It is essential students at all levels strive to make the most of their education and develop a work ethic which will guide them for the rest of their lives. I extend my deepest congratulations to Hajir Mohammed for winning the Adams County Mayors and Commissioners Youth Award. I have no doubt she will exhibit the same dedication and character in all of her future accomplishments.

Mr. PERLMUTTER

Mr. PERLMUTTER. Mr. Speaker, I would also like to thank Mr. Stivers for working with me so much over the last few years on this. I am going to miss him as he chooses to take another path in the near future. I just want to say on the floor, that he is a real credit to this institution. Mr. Speaker, I yield 3 minutes to the gentleman from California (Mr. Correa).

Mr. PERLMUTTER. Mr. Speaker, I include in the Record these endorsements for the SAFE Banking Act, including from the American Bankers Association, the American Council of Independent Laboratories, the American Council of Life Insurers, the American Financial Services Association, the American Land Title Association, the American Property Casualty Insurance Association, the American Trade Association for Cannabis and Hemp, the Arizona Dispensaries Association, the California Cannabis Industry Association, and the National Armored Car Association. It goes on forever. I am not going to list all of these. There are about 50 different endorsements. H.R. 1996, the SAFE Banking Act of 2021--Endorsements American Bankers Association; American Council of Independent Laboratories; American Council of Life Insurers; American Financial Services Association; American Land Title Association; American Property Casualty Insurance Association; American Trade Association for Cannabis and Hemp; Arizona Dispensaries Association; California Cannabis Industry Association; California and Nevada Credit Union Leagues; Cannabis Business Association of Illinois; Colorado Bankers Association; Colorado Municipal League; Credit Union National Association; Council of Insurance Agents & Brokers; Electronic Transactions Association; Independent Community Bankers of America; Independent Insurance Agents & Brokers of America; Law Enforcement Action Partnership; Mountain West Credit Union Association; National Armored Car Association; National Association of Mutual Insurance Companies; National Association of Professional Insurance Agents; National Association of Realtors. National Cannabis Roundtable; National Cannabis Industry Association; National Medicinal Cannabis Coalition; National Organization for the Reform of Marijuana Laws; Minority Cannabis Business Association; Policy Center for Public Health & Safety; Reinsurance Association of America; Rural County Representatives of California; The Real Estate Roundtable; United Food and Commercial Workers; U.S. Cannabis Council; U.S. Hemp Roundtable; Wholesale & Specialty Insurance Association; TerrAscend USA; NUG, Inc.; Cresco Labs; 4Front Ventures; Terrapin Care Station; Full Spectrum Omega, Inc.; National Association of State Treasurers; Four Attorneys General from Colorado, the District of Columbia, North Dakota, and Ohio; 21 Governors from California, Colorado, Connecticut, Illinois, Louisiana, Maine, Massachusetts, Michigan, Nevada, Nevada, New Jersey, New Mexico, New York, Oregon, Pennsylvania, U.S. Virgin Islands, Utah, Virginia, Washington, West Virginia, and Wisconsin; 51 state and territory banking associations.

Mr. PERLMUTTER. Mr. Speaker, I thank the gentleman from Kentucky for his work on this bill and his input on the card processing piece of the legislation. I yield 3 minutes to the gentleman from Oregon (Mr. Blumenauer). He has put the effort together across a whole range of cannabis issues. I thank him for his steadfast work on this subject.

Mr. PERLMUTTER. Mr. Speaker, I thank the gentleman from North Carolina for his many compliments. I would just remind him, we are the Financial Services Committee. We have a certain amount of jurisdiction that deals with financial institutions and financial services, and that is what this bill is focused on, dealing with so much cash generated by this industry, whether we do anything or not, and to try to advance public safety in the process. Mr. Speaker, I yield 2 minutes to the gentlewoman from New York (Ms. Velazquez), the chair of the Small Business Committee, who had a lot to do with writing the Small Business piece of this.

Mr. PERLMUTTER. Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days in which to revise and extend their remarks and include extraneous materials on H.R. 1996.

Mr. PERLMUTTER

Mr. PERLMUTTER. Madam Speaker, I rise today to recognize and applaud James Torres for receiving the Adams County Mayors and Commissioners Youth Award. James Torres is a 12th grader at Vantage Point High School and received this award because his determination and hard work have allowed him to overcome adversities. The dedication demonstrated by James Torres is exemplary of the type of achievement that can be attained with hard work and perseverance. It is essential students at all levels strive to make the most of their education and develop a work ethic which will guide them for the rest of their lives. I extend my deepest congratulations to James Torres for winning the Adams County Mayors and Commissioners Youth Award. I have no doubt he will exhibit the same dedication and character in all of his future accomplishments.

Mr. PERLMUTTER

Mr. PERLMUTTER. Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I commend Mr. McHenry and Mr. Lynch for their bipartisan work on this legislation directing the SEC and the CFTC to work together with all relevant stakeholders to study the use of digital assets. The working group created by this legislation will, undoubtedly, benefit the American public on this important topic. Mr. Speaker, I urge all Members to support this legislation by voting ``yes'' on this bill, and I yield back the balance of my time.

Mr. PERLMUTTER. Mr. Speaker, I yield 2 minutes to the gentleman from Massachusetts (Mr. Lynch).

Mr. PERLMUTTER. Mr. Speaker, I reserve the balance of my time.

Mr. PERLMUTTER

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

Mr. PERLMUTTER. Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, H.R. 1528, the Promoting Transparent Standards for Corporate Insiders Act, is a bill introduced by Chairwoman Maxine Waters for several Congresses to strengthen confidence in our capital markets by ensuring everyone plays by the same rules. This bill passed with overwhelming bipartisan support in the last Congress and is designed to promote strong enforcement against financial fraud by ensuring corporate executives cannot indirectly or illegally trade on material nonpublic information they know about their companies. The Securities and Exchange Commission, the SEC, prohibits insider trading as a fraud that hurts investors as well as the integrity of our capital markets. Those accused of illegal insider trading sometimes defend themselves using the SEC's rule for trading plans and claim any trades that occurred while they possessed inside information were made pursuant to a preapproved trading plan. But the rule for trading plans has several shortcomings and loopholes that may allow corporate insiders to get away with insider trading. This bill would require the SEC to study whether to amend its rule for trading plans to limit the ability of corporate insiders to, for example, adopt multiple overlapping plans or change their plans to indirectly take advantage of inside information. This bill would then require the SEC to report to Congress and revise its rules based on the results of the study. This bill is needed to protect confidence in our markets. For example, last year, we saw numerous pharmaceutical executives profiting from conveniently timed announcements regarding the companies' progress toward a COVID-19 vaccine. For instance, shortly after Moderna announced positive results for its vaccine, the pharmaceutical company's CEO altered his trading plan to increase the number of shares sold through the plan. Shortly thereafter, he sold shares for millions of dollars in profit. Similarly, on the same day Pfizer announced positive data regarding its vaccine, Pfizer's CEO sold more than $5 million worth of shares as part of his trading plan. This bill is supported by investor and consumer advocates, public pension funds, and State securities regulators, including the California Public Employees' Retirement System, the Council of Institutional Investors, and the North American Securities Administrators Association. Mr. Speaker, I urge all of my colleagues to vote ``yes'' on this bipartisan bill, and I reserve the balance of my time.

Mr. PERLMUTTER. Mr. Speaker, I yield myself the balance of my time. In closing, I urge my colleagues to vote ``yes'' on H.R. 1528, which will help prevent corporate insiders from using inside information to rig the game in their favor at the expense of investors and the integrity of our markets. Mr. Speaker, I yield back the balance of my time.

Mr. PERLMUTTER

Mr. PERLMUTTER. Madam Speaker, I rise today to recognize and applaud Faith Walker for receiving the Adams County Mayors and Commissioners Youth Award. Faith Walker is a 7th grader at Bennett Middle School and received this award because her determination and hard work have allowed her to overcome adversities. The dedication demonstrated by Faith Walker is exemplary of the type of achievement that can be attained with hard work and perseverance. It is essential students at all levels strive to make the most of their education and develop a work ethic which will guide them for the rest of their lives. I extend my deepest congratulations to Faith Walker for winning the Adams County Mayors and Commissioners Youth Award. I have no doubt she will exhibit the same dedication and character in all of her future accomplishments.