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H.R. 3550 – Transportation Equity Act: A Legacy of Users
Posted by on March 24, 2004
 

Congressman Michael C. Burgess, M.D.

Full Committee Markup – H.R. 3550 –

Transportation Equity Act: A Legacy of Users

March 24, 2004

Thank you, Mr. Chairman, for holding today’s committee markup.

Our transportation system has a direct and significant impact on the daily lives of all Americans. The United States has benefited greatly from having a strong transportation network, but we are approaching a crossroads. I am in hopes that our work on H.R. 3550 is one step closer to finding solutions to this impending problem.

Texas has experienced an increase in traffic over the past three decades, which is a result of unprecedented population and employment growth and the under-investment of federal funds to the state. In many ways, this is a silent crisis; rarely recognized by residents until they find themselves in an unbearable commute to work; or unable to make the necessary connections between home, work, and the countless other activities that our busy lives demand.

In Texas, our identified transportation needs outstrip available funding three to one. Texas has several specific transportation needs, such as increased funding, supporting international trade transportation, more efficient environmental processes, and expanding innovative financing techniques. The time is now to make necessary investments in transportation infrastructure.

Between 2000 and 2025, studies predict the population of Texas will increase by almost 9 million people. Ninety percent, or almost 8 million of them, will live in our metropolitan areas. The transportation system in Texas must be expanded to accommodate this projected population increase and related business growth.

Important transportation projects all over Texas are waiting in line for limited funding. Population growth, rising construction costs and increased transportation demands make this line a little longer every year.

The State of Texas has three issues it needs to address in order to achieve an efficient and effective transportation infrastructure system for the 21st Century:

Ø First, the current pay-as-you-go funding system only covers about a third of our needs.

Ø Second, the state’s population growth is putting additional strain on our aging roadways, and

Ø Third, it takes too long to get roads built.

The solution to these problems was creating and implementing the Trans Texas Corridor. Last year, Governor Rick Perry signed into law House Bill 3588, the most significant transportation legislation in state history. We now need to do our job at the federal level.

As the only Texas Republican on the House Transportation and Infrastructure Committee, the reauthorization of federal surface transportation programs is the top priority for my legislative agenda in the 108th Congress. Texas, in particular, provides federal officials with more transportation mobility challenges than any other state. It is essential that we work together to maximize the federal investment in the nation’s aging transportation infrastructure.

I believe we must make the necessary monetary investment today to support our transportation future in Texas, or we will sit in traffic watching our transportation infrastructure deteriorate to the point that it further impedes growth and economic development. As a Member of the House Transportation and Infrastructure Committee, I continue to work with you and our committee colleagues to find solutions in order to pass the TEA-21 reauthorization this year. I want to stress that I want a 6-year bill that gives maximum funding available without harming the deficit. I also want to ensure that Congress is able to revisit the funding amounts in the future in relation to the strength of the economy. I believe we must make the necessary investment to support our transportation future in Texas or we will sit in traffic watching our transportation infrastructure deteriorate.

I believe H.R. 3550 is bringing us closer to our policy goals in Texas to achieve our state’s goal of efficient and seamless transportation corridors. I commend you, Mr. Chairman, for including Section 1501 addressing the streamlining of the design-build process. I also was pleased to see the inclusion of Sections 1603 and 1604, focusing on interstate system toll pilot programs.

The key to a 21st Century transportation system is partnering private entities with the federal government and allowing large transportation systems to be built in a timely, sensible sequence.

In July 2003, I introduced H.R. 2864, The Reforming, Accelerating, and Protecting Interstate Design Act of 2003. The bill allows large transportation systems to be built in less time and saves money, by constructing roads in common sense increments, as they are needed.

Among other things, the bill would streamline and expedite project delivery by allowing an environmental assessment or analysis to be prepared simultaneously for several different elements of a project. It also expands states’ authorities to collect tolls on interstate highways and expands the eligible uses of toll revenues collected on those facilities.

I believe states should be granted more authority to deliver corridors faster. In exchange, we will give them enhanced accountability. I worked with the Committee leadership to streamline the federal design-build process and allow for a “rolling environmental process” for a multimodal transportation project. I believe the inclusion of Sections 1501, 1603, and 1604 are good steps in the right direction to address these concerns.

Our country’s leaders need to focus on the development of an efficient, seamless, intermodal trade and transportation system during this year’s reauthorization cycle. TEA-21 has proven to be a workable solution to many problems that plague the high priority corridors and border infrastructure of our nation. However, the program is over subscribed and under funded.

I was pleased to learn that the Committee leadership included Section 1301 – National Corridor Infrastructure Improvement Program, Section 1302 – Coordinated Border Infrastructure Program, and Section 1304 – Projects of National and Regional Significance. I believe the current programs do not fully address the problems created by the explosion of NAFTA trade traffic, and the funding has often been misdirected to non-border states and corridors lacking international significance. I believe the provisions included in H.R. 3550 will greatly benefit the state’s transportation infrastructure who are truly impacted by our country’s increase in trade traffic.

However, not all of my policy issues of concern were fully addressed in the Committee’s version of H.R. 3550. I believe we must ensure Texas receives its fair share of the nation’s transportation funding and can determine how best to spend it.

In Texas, our identified transportation needs outstrip available funding three to one. I support legislative language that would guarantee states at least a 95 percent rate of return on their contributions to the federal Highway Trust Fund.

I believe it is time for us to make our voices heard about the importance of securing increased funding for donor states’ much needed, aging transportation infrastructure. That is why I am supporting Congressman Mica’s amendment advocating for a 93 percent minimum guarantee scope to include High Priority Projects and Projects of Regional and National Significance. Instead of letting some states benefit at others' expense, the Mica amendment allows all states core programs to benefit by keeping in place the program scope achieved in TEA 21 (93 percent). Compared to the TEA LU scope (as introduced) of 80 percent, every state locks in millions of dollars in formula gains if the 93 percent scope is retained. The average state formula dollar gain is more than $300 million. A fair rate of return and changing the current minimum guarantee scope in H.R. 3550 is a necessary starting point.

I look forward to continue working with you, Mr. Chairman, and my committee colleagues to produce a bipartisan transportation reauthorization bill that will truly improve transportation infrastructure nationwide. We continue to work to produce a bill that adequately provides for our economic security, creates and sustains jobs, enhances safety, and continues to improve mobility for our nation’s citizens, especially those in Texas.

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H.R.958 - Hydrographic Services Amendments of 2003
Posted by on March 23, 2004
H.R. 958 To authorize certain hydrographic services programs, to name a cove in Alaska in honor of the late Able Bodied Seaman Eric Steiner Koss, and for other purposes. Vote: 384-23 Burgess voted YES Title:To authorize certain hydrographic services programs, to name a cove in Alaska in honor of the late Able Bodied Seaman Eric Steiner Koss, and for other purposes. Sponsor: Rep Young, Don [AK] (introduced 2/27/2003) Cosponsors: (none) Committees: House Resources; Senate Commerce, Science, and Transportation House Reports: 108-400 Latest Major Action: 3/24/2004 Referred to Senate committee. Status: Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation. -------------------------------------------------------------------------------- SUMMARY AS OF: 3/23/2004--Passed House, amended. Hydrographic Services Amendments of 2004 - Title I: NOAA Hydrographic Services Improvement - (Sec. 102) Amends the Hydrographic Services Improvement Act of 1998 (HSIA) to require the Administrator of the National Oceanic and Atmospheric Administration (NOAA) (Administrator) to establish, equip, and maintain up to four Regional Navigation Response teams in priority coastal areas to conduct activities related to navigational safety and the validation of hydrographic data. Authorizes the Administrator to: (1) establish and implement a volunteer program and accept volunteer services; and (2) participate in a joint institute that develops new hydrographic technology and conducts academic, educational, and outreach activities that assist the Administrator. (Sec. 103) Designates as Koss Cove a cove on the southern coast of Elrington Island in Alaska, in honor of the late Able Bodied Seaman Eric Steiner Koss who served on the NOAA vessel RAINIER and died in the performance of a nautical charting mission off the Alaskan coast. (Sec. 104) Requires the Secretary of Commerce (Secretary) and the Secretary of the Interior to provide to specified congressional committees a plan to depict the same shorelines on NOAA nautical charts and U.S. Geological Survey mapping products. (Sec. 105) Revises HSIA requirements relating to the Hydrographic Services Advisory Panel and certain duties of the Secretary and the NOAA Administrator. (Sec. 106) Authorizes specified funds under HSIA in each fiscal year for the Great Lakes Water Level Observation Network. Title II: Fishery Survey Vessels - (Sec. 201) Amends the Fisheries Survey Vessel Authorization Act of 2000 to revise and extend for FY 2005 and 2006 the authorization of appropriations for certain fishery survey vessels. (Sec. 202) Directs the Secretary to report to specified committees on the acquisition of a new hydrographic survey vessel having specified capabilities, the retirement of any current vessel(s), and operation and maintenance cost comparisons between the two.
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H.R. 2408 - National Wildlife Refuge Volunteer Act of 2003
Posted by on March 23, 2004
H.R. 2408 To amend the Fish and Wildlife Act of 1956 to reauthorize volunteer programs and community partnerships for national wildlife refuges and for other purposes. Vote: 401-10 Burgess voted YES Title:To amend the Fish and Wildlife Act of 1956 to reauthorize volunteer programs and community partnerships for national wildlife refuges and for other purposes. Sponsor: Rep Saxton, Jim [NJ-3] (introduced 6/10/2003) Cosponsors: (none) Committees: House Resources; Senate Environment and Public Works House Reports: 108-385 Latest Major Action: 3/24/2004 Referred to Senate committee. Status: Received in the Senate and Read twice and referred to the Committee on Environment and Public Works. -------------------------------------------------------------------------------- SUMMARY AS OF: 11/20/2003--Reported to House, amended. National Wildlife Refuge Volunteer Act of 2003 - Amends the Fish and Wildlife Act of 1956 (the Act) to authorize appropriations for FY 2004 through 2009 for volunteer programs and community partnerships for national wildlife refuges. Amends the National Wildlife Refuge System Volunteer and Community Partnership Enhancement Act of 1998 to replace "pilot project" with "project" (thus ending the temporary nature of the projects) regarding the Secretary of the Interior's requirement to carry out a project at two or more national wildlife refuges or complexes of geographically related refuges in each U.S. Fish and Wildlife Service region. Removes the cap on such projects (currently, limited to 20 pilot projects nationwide). Requires the Secretary, after the enactment of this Act and every three years thereafter, to evaluate and make recommendations regarding the projects. Authorizes appropriations for each fiscal year through FY 2009. Amends the Act to authorize the Secretary to negotiate and enter into a cooperative agreement with a partner organization, academic institution, State or local government agency, or other person to implement one or more projects or programs for a refuge or complex of geographically related refuges in accordance with the purposes of the Act and in compliance with the policies of other relevant authorities, regulations, and policy guidance.
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H.R. 1375 Financial Services Regulatory Relief Act of 2003
Posted by on March 18, 2004
H.R.1375 Passed 392-25 Burgess voted Yes Weiner of New York Amendment Failed 167-255 Burgess voted No Jackson-Lee of Texas Amendment Failed 194-225 Burgess voted No Kelly of New York Amendment Approved 418-15 Burgess voted Yes Title:To provide regulatory relief and improve productivity for insured depository institutions, and for other purposes. Sponsor: Rep Capito, Shelley Moore [WV-2] (introduced 3/20/2003) Cosponsors: 11 Committees: House Financial Services; House Judiciary House Reports: 108-152 Part 1, 108-152 Part 2, 108-152 Part 3 Related Bills: H.RES.566 Latest Major Action: 3/18/2004 Passed/agreed to in House. Status: On passage Passed by the Yeas and Nays: 392 - 25 (Roll no. 69). -------------------------------------------------------------------------------- SUMMARY AS OF: 7/14/2003--Reported to House, amended, Part II. (This measure has not been amended since it was reported to the House by the Committee on Financial Services on June 12, 2003. Part II, amended, as reported by the Committee on the Judiciary, is identical to part I, amended. The summary of part I is repeated here.) Financial Services Regulatory Relief Act of 2003 - Title I: National Bank Provisions - (Sec. 101) Amends the Revised Statutes of the United States to authorize the Comptroller of the Currency to permit an individual to serve as director of a national bank operating as a subchapter S Corporation if the individual holds debt issued by the bank of at least $1,000 that is subordinated to the interests of bank depositors and general creditors. (Current law requires capital stock ownership in the bank as a prerequisite for service as a director of a subchapter S national bank). (Sec. 102) Allows cumulative voting by shareholders for directors of a national bank only if authorized by the bank's articles of association (thus repealing the current requirement of cumulative voting). (Sec. 103) Repeals the statutory formula for determining when lawful national bank dividend declarations may be made. (Thus allows national bank directors to declare a dividend of so much of the bank's undivided profits as they judge to be expedient.) (Sec. 104) Amends the Federal Deposit Insurance Act (FDIA) to repeal the prerequisite condition that a removal or suspension order by the Comptroller of the Currency concerning an institution-affiliated party shall not issue until the findings and conclusions of an Administrative Law Judge have been certified to the Board of Governors of the Federal Reserve System for final determination. (Thus repeals a limitation placed upon the removal authority of the Comptroller). (Sec. 105) Amends the Revised Statutes to eliminate the requirement for a national bank to meet State capital requirements for new intrastate branches (including capital stock and surplus requirements) in order to establish an intrastate branch. (Sec. 106) Amends the National Bank Consolidation and Merger Act to authorize waiver of publication of notice of a merger between a national bank or a State bank and a national banking association upon unanimous agreement of the shareholders without (as currently required) a Comptroller determination that an emergency exists justifying such waiver. Continues to allow waiver if the Comptroller makes such a determination, even if the shareholders of the State bank or the association do not agree unanimously. (Sec. 107) Amends the International Banking Act of 1978 to repeal requirements specifying capital equivalency deposits (CEDs) of a foreign bank that elects to establish and operate a Federal branch or agency. Replaces such requirements with new CED requirements, subject to Comptroller determination of the amounts necessary to protect depositors and other investors. Eliminates these new requirements for any State that enacts a similar law or regulation. (Sec. 108) Revises the prohibition against receipt of deposits by a foreign bank at a Federal agency to limit such prohibition to receipt of deposits from U.S. citizens or residents. (Thus allows a foreign bank to receive foreign source uninsured deposits at a Federal agency.) (Sec. 109) Restricts the prohibition against foreign bank maintenance of a Federal branch and a Federal agency in the same State to those States which prohibit such a maintenance (thus allowing such maintenance where State law does not forbid it). Sec. 110) Amends the Revised Statutes to: (1) authorize Comptroller regulations permitting a national bank to be organized other than as a body corporate (thus permitting an alternative business organization); and (2) declare that the main place of business of a national bank is the location of its main office ( a significant factor for Federal diversity jurisdiction). Title II: Savings Association Provisions - (Sec. 201) Amends the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 to extend their purview to savings associations (thereby subjecting such associations to the same investment adviser and broker-dealer registration requirements as banks). (Sec. 202) Amends the Home Owners' Loan Act (HOLA) to prescribe guidelines for investments by a Federal savings association to promote the public welfare. Establishes an aggregate limit on investments to five percent of an association's unimpaired capital and surplus unless: (1) the Federal Deposit Insurance Corporation (FDIC) determines a higher amount poses no significant risk to the deposit insurance fund; and (2) the Office of Thrift Supervision (OTS) determines the association is adequately capitalized. Sets a maximum aggregate investment limit of ten percent of capital and surplus. Repeals the limitation which restricts an investment by a Federal savings association in certain community developments to two percent of its assets. (Sec. 203) Permits a Federal savings association to merge with any nondepository institution affiliate. (Sec. 204) Repeals: (1) the dividend notice requirement for a savings association subsidiary of a savings and loan holding company (but grants discretionary authority to the OTS Director to require one); and (2) the special rules for purchased mortgage servicing rights. (Sec. 205) Revises HOLA requirements governing holding companies to cover any business trust or any other trust that owns a savings association (unless by its terms the trust terminates within 25 years, or not later than 21 years and ten months after the death of individuals living on the trust's effective date). (Sec. 207) Increases from one percent to up to five percent the amount of its capital and assets a Federal savings association may invest in a small business investment company (SBIC). (Sec. 208) Permits a Federal savings association to invest in, sell, or otherwise deal in motor vehicle loans and leases acquired for personal, family, or household purposes without a percentage of assets limitation. (Sec. 209) Amends the Securities Exchange Act of 1934 to exempt an agent representing one Federal savings association from mandatory State qualification as a securities broker or dealer if the agent sells or offers FDIC-insured certificate of deposit products issued by such association. (Sec. 210) Amends HOLA to permit a Federal savings association to offer funeral and cemetery-related fiduciary services. (Sec. 211) Repeals the qualified thrift lender requirements placed upon out-of-State branches of a Federal savings association. (Sec. 212) Permits a Federal savings association to deal in small business loans without a percentage of assets limitation. Increases the lending limitation placed upon business loans made by a Federal savings association to 20 percent. (Sec. 213) Considers a Federal savings association to be a citizen only of the State in which its main office is located for purposes of determining Federal court diversity jurisdiction. (Sec. 214) Amends the FDIA to prohibit the use of certain judicial doctrines to order the dismissal of certain claims for monetary relief against the United States for actions of the Federal Savings and Loan Insurance Corporation or the Federal Home Loan Bank Board before their dissolution, and arising from the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 or its implementation. Title III: Credit Union Provisions - (Sec. 301) Amends the Federal Home Loan Bank Act to permit a privately insured credit union to become a Federal Home Loan Bank member if the supervisor of its charter State certifies that it meets all eligibility requirements for Federal deposit insurance. (Sec. 302) Amends the Federal Credit Union Act (FCUA) to allow military and civilian authorities responsible for buildings erected on Federal property to extend real estate leases at minimal charge to credit unions that finance the construction of credit union facilities on Federal land. (Sec. 303) Amends FCUA to authorize a credit union to make investment securities for its own account (up to ten percent of its net worth for the total amount of investment securities of any single obligor or maker). (Sec. 304) Increases the maturity date on Federal Credit Union loans from 12 years to 15 years or longer, as permitted by the National Credit Union Administration (NCUA) Board. (Sec. 305) Raises the ceiling on an individual Federal credit union's aggregate investment in credit union service organizations from one percent to three percent of its shares and undivided earnings. (Sec. 306) Excludes loans made to nonprofit religious organizations from the restrictions placed upon member business loans relating to credit union net worth or capitalization standards. (Sec. 307) Permits a Federal credit union to offer money transfer instruments, including electronic fund transfers, to persons in the field of membership (not only actual members, as currently limited). (Sec. 308) Provides that the numerical limitation of 3,000 members shall not apply to a Board-approved merger involving multiple voluntary common-bond credit unions. (Sec. 309) Requires the NCUA Board to prescribe criteria under which it may determine, in the case of a voluntary conversion of a common-bond credit union into a community credit union, that a member group or other portion of a credit union's existing membership, located outside the well-defined local community, neighborhood, or rural district that shall constitute the community charter, can be satisfactorily served by the credit union and remain within the community credit union's field of membership. (Sec. 310) Authorizes a credit union board, by majority vote of a quorum, to adopt and enforce a policy of expulsion from membership, by majority vote of the whole board, based on just cause, including disruption of credit union operations. Authorizes credit union bylaws to set term limits for credit union board of directors. Provides that reimbursement for lost wages owing to voluntary service on a credit union board of directors shall not be treated as prohibited compensation. (Sec. 311) Revises the criteria by which the NCUA Board may determine that an increase in money market interest rates justifies raising the 15 percent per annum interest rate ceiling on the unpaid balance of a loan. Changes the current requirement that: (1) money market interest rates have risen over the preceding six-month period; and (2) prevailing interest rate levels threaten the safety and soundness of individual credit unions. (Makes such criteria alternative rather than joint, thus allowing the Board to raise the maximum rate on the basis of either condition instead of on the basis only of both together.) (Sec. 312) Amends the Clayton Act to exempt from its premerger notification and waiting period requirements any mergers among insured credit unions whose transaction value exceeds $50 million and which require agency approval under the FCUA. (Sec. 313) Amends the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 to treat credit unions as depository institutions for certain purposes. Title IV: Depository Institution Provisions - (Sec. 401) Amends the Revised Statutes, the FDIA, and the Federal Reserve Act (FRA) to remove certain restrictions on de novo interstate branching by national and State banks, and State member and nonmember banks. (Currently State law must expressly permit such branching). Amends the FDIA to permit: (1) interstate mergers between insured banks of different home States; and (2) interstate fiduciary activity by a State bank or State-chartered trust company if approved by its State bank supervisor. Amends the National Bank Consolidation and Merger Act to permit a national bank trust company merger with another trust company of a different home State. (Sec. 402) Amends the National Bank Receivership Act, the FDIA, and the FCUA to authorize a depository institution action for judicial review within 30 days of being placed in receivership or liquidation. (Sec. 403) Amends the FRA and the Bank Holding Company Act Amendments of 1970 to repeal specified reporting requirements regarding loans to bank executive officers and principal shareholders (insider lending). (Sec. 404) Amends the Depository Institution Management Interlocks Act to increase from $20 million to $100 million the assets of a small depository institution that are exempt from the prohibition against depository institution management interlocks in the same metropolitan statistical area. (Sec. 405) Declares that the appropriate Federal banking agency may enforce conditions imposed in writing and written agreements in which an institution-affiliated party or controlling shareholder agrees to provide capital to the depository institution. Amends the FDIA to repeal the prohibition placed on claims against a Federal banking agency for the return of certain assets transferred to an undercapitalized insured depository institution. (Sec. 406) Amends the Bank Service Company Act to permit savings association and bank investments in bank service companies. (Sec. 407) Amends the FDIA to extend cross guarantee liability to all insured depository institutions commonly controlled by the same company. (Sec. 408) Amends the FDIA to authorize the Federal Deposit Insurance Corporation to prohibit or limit a nonbank holding company's golden parachute payment or indemnification payments to institution-affiliated parties. (Sec. 409) Amends the FDIA regarding a change in bank control to cite conditions under which the appropriate Federal banking agency may extend the period of review and disapproval of a proposed acquisition of an insured depository institution. Title V: Depository Institution Affiliates Provisions - (Sec. 501) Amends the Bank Holding Company Act of 1956 (BHCA) to permit financial holding companies to cross market their commercial activities if they own or control less than twenty-five percent of the total equity or any class of voting security of a non-financial company. (Sec. 502) Amends the BHCA to authorize the Federal Reserve Board on case-by-case basis to waive the attribution rule which deems a bank holding company to control any shares of a company held by a trust for the benefit of the bank holding company or its shareholders, members, or employees. (Sec. 503) Amends the HOLA to remove the geographic limitation placed upon loans and investments made by a savings association in service corporations. (Sec. 504) Amends the FDIA guidelines governing maximum annual loan interest rates to include: (1) a credit sale; or (2) any note, bill of exchange, or financing transaction. (Thus permits finance companies to charge the same rates as national and State banks). Title VI: Banking Agency Provisions - (Sec. 601) Amends the FDIA to authorize a Federal banking agency to adjust the examination cycle for an insured depository institution if necessary to allocate available resources of examiners. (Current law mandates annual on-site examinations). (Sec. 602) Amends the FDIA and the FCUA to authorize interagency data sharing of confidential supervisory information by Federal banking agencies. (Sec. 603) Amends the FDIA to subject personnel of noninsured national, State, and foreign banks who are convicted of specified crimes to the same penalty for unauthorized participation as personnel of insured banks. (Sec. 604) Authorizes the FDIC to: (1) destroy records of a depository institution over ten years old when the FDIC is appointed receiver, without regard to a certain six-year period of limitation; and (2) use contemporary electronic copying technology, including computer scanned images, to retain and copy (as original) documents in its possession or custody. (Sec. 606) Amends the FDIA and the FCUA to grant the appropriate regulatory agency the authority to suspend, remove, or prohibit an institution-affiliated party charged with a felony from participating in the affairs of any depository institution. (Sec. 607) Repeals the requirement that the agency responsible for reviewing a depository institution merger request reports from all other Federal banking agencies on the competitive factors involved. Retains the requirement that the agency seek competitive factors reports from the Attorney General and the FDIC. (Sec. 608) Requires the OTS Director to participate and agree jointly with the Federal Reserve Board, the Comptroller, and the FDIC Board in any decision that Federal insurance customer protection law preempts a particular related State law or regulation. (Sec. 609) Amends the BHCA of 1956 and the FDIA to decrease from 15 days to five days the post-approval anti-trust review period for a proposed bank merger, acquisition, or consolidation. (Sec. 610) Amends the International Banking Act of 1978 to cite circumstances that prohibit the compelling of Federal banking regulators to disclose confidential information received from foreign banking supervisors. (Sec. 611) Amends the FDIA to prohibit convicted individuals from participating in the affairs of either a bank holding company or specified corporations operating under the aegis of the Federal Reserve Act. (Sec. 613) Amends Federal criminal law to declare unlawful the offer of credit to a bank examiner by financial institution personnel, or acceptance of such by a bank examiner. (Sec. 614) Amends the FDIA to remove the standard for "reckless and knowing" participation needed to impose liability upon an "institution-related party" (any independent contractor, including any attorney, appraiser, or accountant who participates in any violation of any law or regulation, any breach of fiduciary duty, or any unsafe or unsound practice, which caused or is likely to cause more than a minimal financial loss to, or a significant adverse effect on, the insured depository institution). (Thus lowers the burden of proof and reduces the standard for liability of independent contractors to the standard applicable to other institution-related parties.) (Sec. 615) Amends the FDIA to subject to civil penalties misrepresentations regarding FDIC deposit insurance coverage. (Sec. 616) Amends the Federal Home Loan Bank Act to: (1) replace the limitation on compensation for its Board of Directors with a mandate to include in the annual report to Congress the compensation and expenses paid by the Federal home loan banks to the directors on the boards of directors of the banks; and (2) extend the terms of service on the Board from three years to four years. (Sec. 618) Requires each Federal banking agency to report biennially to Congress on the status of agency employment of minorities and women. (Sec. 619) Amends the FDIA to revamp requirements governing the coordination of State examination authority. Title VII: Clerical and Technical Amendments - (Sec.704 ) Amends the BHCA to repeal the exclusion of the Investors Fiduciary Trust Company of Kansas City, Missouri, and certain savings banks from the meaning of "bank" covered by such Act (thus subjecting them to its coverage). Removes qualified savings banks from definition and coverage by such Act.
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H.R. 3782 Counter-Terrorist and Narco-Terrorist Rewards Program Act
Posted by on March 18, 2004
H.R.3782 Passed 414-0 Burgess voted Yes Title:To amend the State Department Basic Authorities Act of 1956 to increase the maximum amount of an award available under the Department of State rewards program, to expand the eligibility criteria to receive an award, to authorize nonmonetary awards, to publicize the existence of the rewards program, and for other purposes. Sponsor: Rep Hyde, Henry J. [IL-6] (introduced 2/6/2004) Cosponsors: 3 Committees: House International Relations Latest Major Action: 3/18/2004 Passed/agreed to in House. Status: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 0 (Roll no. 70). -------------------------------------------------------------------------------- SUMMARY AS OF: 2/6/2004--Introduced. Counter-Terrorist and Narco-Terrorist Rewards Program - Amends the State Department Basic Authorities Act of 1956 respecting the Department of State rewards program to: (1) rename the program as the "Department of State Terrorist and Narco-Terrorist Rewards Program"; (2) authorize rewards for disruption of terrorist organization financial mechanisms, including illicit narcotics production or international narcotics trafficking; (3) increase maximum awards to $25 million, and up to $50 million for the capture or information leading to the capture of Usama bin Laden; (3) authorize monetary and/or nonmonetary rewards; (4) authorize program resource use for media surveys and advertisements to disseminate program information; and (5) direct the Secretary of State to report on a plan to increase advertising to maximize reward awareness for the capture or information leading to the capture of Usama bin Laden.
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H.Con.Res 384 - on the Nation's fallen heroes, the members of the Armed Forces who have died in Iraq or Afghanistan
Posted by on March 18, 2004
H.CON.RES.364 Passed 408-0 Burgess voted Yes Title:To recognize more than 5 decades of strategic partnership between the United States and the people of the Marshall Islands in the pursuit of international peace and security, and for other purposes. Sponsor: Rep Pombo, Richard W. [CA-11] (introduced 2/24/2004) Cosponsors: 15 Committees: House International Relations Latest Major Action: 3/18/2004 Passed/agreed to in House. Status: On motion to suspend the rules and agree to the resolution Agreed to by the Yeas and Nays: (2/3 required): 408 - 0 (Roll no. 71). -------------------------------------------------------------------------------- SUMMARY AS OF: 2/24/2004--Introduced. States that Congress recognizes: (1) as an historic achievement of friendship more than five decades of strategic partnership between the United States and the people of the Marshall Islands in pursuit of international peace and security; and (2) the importance of the nuclear weapon test code-named Bravo at Bikini Atoll in the Marshall Islands on March 1, 1954.
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Hearing on Administration's Homeland Security Funding 2005
Posted by on March 18, 2004
 

STATEMENT OF CONGRESSMAN MICHAEL C. BURGESS, M.D.

House Transportation and Infrastructure Subcommittee on Economic Development, Public Buildings,

and Emergency Management

March 18, 2004

Thank you, Mr. Chairman, for holding today’s hearing about the Administration’s Fiscal Year 2005 budget request to fund the Department of Homeland Security’s (DHS) emergency preparedness and response capabilities.

I appreciate the willingness of Secretary Brown for testifying before our subcommittee today. I am concerned that the Administration’s FY 2005 budget request for the Department of Homeland Security’s (DHS) emergency preparedness and response capabilities will not address the needs and concerns of the first responders on the front lines of the War on Terrorism.

It is my understanding that the Administration’s budget reduces funding for the Emergency Management Performance Grant Program and port security grants. I have been told that the use of the Emergency Management Performance grants for personnel costs could be limited to only 25 percent of the total grant amount. In addition to a possible funding shortfall, this could result in a 60 percent reduction in professional emergency management positions which could affect the critical resources needed and used by state and local governments to effectively develop emergency preparedness plans.

It is also my understanding that the Administration’s budget request consolidates the FIRE Grant Program. It further includes language that would provide a preference for FIRE grant applications that address terrorism rather than traditional firefighting training and activity. I believe our country needs to continue to address the threats of terrorism, but we must also ensure we maintain resources available to first responders in our communities who confront traditional firefighting threats and incidents.

Over the past couple of weeks, I have met with several police, sheriff, and firefighting organizations in my Washington office. Their concerns are largely the same as mine:

1.) More local law enforcement funding is needed to meet the mandated needs of all first responders;

2.) Increased coordination between the U.S. Department of Justice and the Department of Homeland Security on all first responder programs; and,

3.) Do not provide a specific preference for FIRE grant applications that address terrorism rather than traditional firefighting training and activity.

These concerns have also been expressed to me when I am traveling around my congressional district in North Texas. For example, the City of Plano officials expressed concerns in 2003 that because first responder funding continues to be decreased and the needs are increased, local jurisdictions will be faced with significant decisions about how to fund emergency preparedness in the future. Less federal funds, state budget crunches, and the local governments’ own budget woes mean that difficult decisions lie ahead in the years to come. I am concerned that the delay of counterterrorism equipment to firefighters and police officers as well as funding constraints will be the local government’s problem and the federal and state governments will not be held accountable. I believe that we need to truly assess the needs of first responders at the federal level to ensure that the state and local governments can execute essential homeland security operations.

Thank you again, Mr. Chairman, for holding today’s hearing and I look forward to listening to your testimony, Mr. Secretary. I also look forward to working with you and DHS to find ways to sufficiently fund these important emergency preparedness programs in order for our communities’ first responders to execute the jobs they have been mandated to do – keeping our communities, families, and friends safe.

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