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Congressional Record United States Th of America PROCEEDINGS and DEBATES of the 111 CONGRESS, SECOND SESSION

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Congressional Record United States Th of America PROCEEDINGS and DEBATES of the 111 CONGRESS, SECOND SESSION E PL UR UM IB N U U S Congressional Record United States th of America PROCEEDINGS AND DEBATES OF THE 111 CONGRESS, SECOND SESSION Vol. 156 WASHINGTON, THURSDAY, MAY 6, 2010 No. 67 Senate The Senate met at 9:30 a.m. and was APPOINTMENT OF ACTING and related national security issues called to order by the Honorable PAT- PRESIDENT PRO TEMPORE from 4:30 to 5:30 p.m. today. We will re- RICK J. LEAHY, a Senator from the The PRESIDING OFFICER. The main in session during that time. State of Vermont. clerk will please read a communication We expect to arrive at a time for vot- to the Senate from the President pro ing on the Shelby amendment. If not, PRAYER tempore (Mr. BYRD). there will be a motion to table that The bill clerk read the following let- amendment. We have a lot of amend- The PRESIDING OFFICER. Our vis- ter: ments to get through, and we are going iting Chaplain today is Father Claude to work into the night. We have work U.S. SENATE, Pomerleau from the University of PRESIDENT PRO TEMPORE, we need to do tomorrow. So everyone Portland, OR. Father Pomerleau will Washington, DC, May 6, 2010. should be aware, we have a lot of issues lead us in prayer. To the Senate: we have to resolve on this most impor- The guest Chaplain offered the fol- Under the provisions of rule I, paragraph 3, tant legislation. lowing prayer: of the Standing Rules of the Senate, I hereby The PRESIDING OFFICER (Mrs. appoint the Honorable PATRICK J. LEAHY, a GILLIBRAND). The Senator from Let us pray. Senator from the State of Vermont, to per- Vermont. O Lord, Master of the universe and form the duties of the Chair. Mr. LEAHY. Madam President, I everything in it, Your generosity gives ROBERT C. BYRD, President pro tempore. thank the distinguished Republican us life, gives us hope, gives us the leader for letting me step forward imagination to envision a world where Mr. LEAHY thereupon assumed the ahead of him. no child weeps, where violence is a chair as Acting President pro tempore. f dark memory, where peace is the story f of every day and year. WELCOMING THE GUEST RECOGNITION OF THE MAJORITY CHAPLAIN As the gift of this day unfolds, as the LEADER creative men and women in this Cham- Mr. LEAHY. Madam President, I just ber turn their gifts and talents to mak- The ACTING PRESIDENT pro tem- want to note what a great pride it is in ing laws that seek to elevate and pro- pore. The majority leader is recog- our family to have welcomed the vis- tect the lives of millions of their fellow nized. iting pastor today, Father Claude Americans, do not let them lose the f Pomerleau, who is also my wife sweet peace and long vision of this first Marcelle’s brother. He, with the gra- moment. In the face of so many dis- SCHEDULE cious concurrence of our Chaplain, Dr. tractions and challenges, may they be Mr. REID. Mr. President, following Black, has opened the Senate on other filled with grace and generosity, wis- leader remarks, the Senate will resume occasions. But it is with a great deal of dom and wonder, calm and compassion. consideration of S. 3217, which is the pride for both Marcelle and myself Open their hearts, Lord, and open their Wall Street reform legislation. The when he is here and has a chance to minds, and fill them with Your love, time until 10 a.m. will be for debate visit with us. Father Pomerleau is a and make of them beacons of Your with respect to the Tester-Hutchison dear friend of all our family and has light, so that their deliberations this amendment dealing with FDIC insur- been a guide and spiritual leader for day take this country and this sweet ance premiums. At 10 a.m., the Senate our family for decades. planet ever closer to Your peace and will proceed to a vote in relation to Madam President, I ask unanimous Your joy. Amen. that amendment. Additional votes are consent that a short bio of him by the expected to occur throughout the day University of Portland, which even f in relation to amendments to the Wall speaks about his clarinet playing, be Street reform bill. Currently, Shelby printed in the RECORD. PLEDGE OF ALLEGIANCE amendment No. 3826 regarding con- There being no objection, the mate- sumer protection is pending. The next rial was ordered to be printed in the The Honorable PATRICK J. LEAHY led amendment upon disposition of that RECORD, as follows: the Pledge of Allegiance, as follows: amendment will be the Sanders amend- CAMPUS MINISTRY: REV. CLAUDE POMERLEAU, I pledge allegiance to the Flag of the ment regarding an audit of the Federal C.S.C. United States of America, and to the Repub- Reserve. That is amendment No. 3738. Rev. Claude Pomerleau, C.S.C., was born of lic for which it stands, one nation under God, As a reminder, there will be an all- French Canadian parents in Newport, indivisible, with liberty and justice for all. Senators briefing on the START treaty Vermont on beautiful Lake Memphermagog, ∑ This ‘‘bullet’’ symbol identifies statements or insertions which are not spoken by a Member of the Senate on the floor. S3295 . VerDate Mar 15 2010 00:36 May 07, 2010 Jkt 089060 PO 00000 Frm 00001 Fmt 4624 Sfmt 0634 E:\CR\FM\A06MY6.000 S06MYPT1 jbell on DSKDVH8Z91PROD with SENATE S3296 CONGRESSIONAL RECORD — SENATE May 6, 2010 a lake that connects geographically and spir- record on the number and dollar RESTORING AMERICAN FINANCIAL itually to the Plains of Abraham in Quebec. amount that each customer deposits at STABILITY ACT OF 2010 He began his academic career studying engi- bank branches and ATMs. neering and philosophy at Notre Dame fol- The PRESIDING OFFICER. Under Now, understandably, a lot of Ameri- the previous order, the Senate will re- lowed by theology in France and Italy. He cans and a lot of small business owners earned his Ph.D. in International Relations sume consideration of S. 3217, which from the University of Denver in 1975 and has have serious concerns about all of this. the clerk will report. taught at the University of Notre Dame and They are also concerned about the po- The bill clerk read as follows: tential of this bill to further dry up the University of Chile. Since 1991, he has A bill (S. 3217) to promote the financial served as an associate professor in the de- credit at a time when they are trying stability of the United States by improving partment of history and political science to dig themselves out of a recession. accountability and transparency in the fi- here at the University of Portland and be- We received a letter just yesterday nancial system, to end ‘‘too big to fail,’’ to came department chair in 1994. Fr. Claude from groups representing hundreds of protect the American taxpayer by ending also currently serves at the Director of the thousands of businesses—from florists bailouts, to protect consumers from abusive Social Justice Program and is the Religious to orthodontists to builders to car financial services practices, and for other Superior of the Holy Cross brothers and dealers—all concerned about the poten- purposes. priests at UP. He enjoys traveling and ob- serving the universe, but especially visiting tial impact this new agency would Pending: the University of Chile where he is a visiting have. Reid (for Dodd/Lincoln) amendment No. professor in the summer. Fr. Claude is an ac- Now, let me state the obvious: None 3739, in the nature of a substitute. complished clarinet player, sometimes play- of these businesses had anything what- Shelby amendment No. 3826 (to amendment ing loudly and late at night in Tyson Hall soever to do with the financial crisis. No. 3739), to establish a Division of Consumer where he is grateful to be chaplain to a None of these businesses had anything Financial Protection within the Federal De- bunch of wonderfully tolerant students. to do with the financial crisis. Why on posit Insurance Corporation. Mr. LEAHY. Madam President, Earth would we want to punish them Tester amendment No. 3749 (to amendment No. 3739), to require the Corporation to again, I thank our leaders, and I yield for the reckless behavior we saw on amend the definition of the term ‘‘assess- the floor. Wall Street? Why on Earth would we ment base.’’ want to punish these small businesses f AMENDMENT NO. 3749 for the reckless behavior we saw on The PRESIDING OFFICER. Under RECOGNITION OF THE MINORITY Wall Street? the previous order, the time until 10 LEADER The fact is, this agency is more about using this crisis as an opportunity to a.m. will be for debate on amendment The PRESIDING OFFICER. The Re- No. 3749, with the time equally divided publican leader is recognized. slip a vast new European-style regu- latory bureaucracy past the American and controlled in the usual form. f people than it is about holding Wall The Senator from Nebraska. Mr. JOHANNS. Madam President, I FINANCIAL REGULATORY REFORM Street accountable. I say let’s focus on Wall Street and am just going to speak for 2 minutes Mr. MCCONNELL. Madam President, this morning, but I would like to stand last night, the Senate took a strong the GSEs and leave ordinary Ameri- cans out of this. Let’s put the middle- to take a moment to voice my support stance on protecting taxpayers from for the Tester-Hutchison amendment.
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