BREAK IN TRANSCRIPT
Mr. COLE. Mr. Speaker, yesterday the Rules Committee met and reported a rule for consideration of H.J. Res. 59, the Continuing Appropriations Resolution for Fiscal Year 2014.
The rule is a closed rule and provides for the consideration of a short-term continuing resolution, keeping the government funded until December 15, 2013. The rule provides for 1 hour of debate equally divided between the chairman and the ranking member of the Committee of Appropriations.
Additionally, the rule incorporates an amendment by Representative Scalise, which fully defunds ObamaCare and also ensures that the government prioritizes interest and principal payments on our national debt and Social Security payments in the event that the debt limit is reached. The rule also provides for one motion to recommit, with or without instructions.
Finally, the rule permits the Speaker to entertain motions to suspend the rules from September 26 to September 29.
Mr. Speaker, I want to commend my friend, Chairman Rogers, for bringing a bill to avoid a government shutdown to the Rules Committee. Within the Republican Conference, we've had a very spirited debate on this issue; however, it's led us to a good product.
There are a number of things I like about this bill. First, it extends the funding for operations of all programs until December 15, allowing the Appropriations Committee the needed time to finish its work on the 12 full-year spending bills.
Second, this continuing resolution adheres to the post-sequester caps of the Budget Control Act, maintaining our commitment to reduce the deficit.
Third, this bill fully defunds ObamaCare.
Mr. Speaker, it seems the closer that we get to the implementation of the Affordable Health Care Act, the more unpopular it becomes.
Already, the President has agreed with Congress to make major changes to this legislation on seven different occasions. Additionally, he's delayed major provisions like the employer mandate unilaterally another seven times.
If business is chafing under these mandates and in need of a delay, then surely the American people should be given the same relief. The continuing resolution provides them that relief.
Finally, Mr. Speaker, this legislation provides certainty to our creditors that they will get paid. Some of my friends on the other side have called this the ``Pay China First Act''; however, nearly 70 percent of our debt is owed domestically. This legislation would provide for the prioritization of U.S. bondholders and people on Social Security at the front of the line to be paid if the government hits its borrowing limit.
Mr. Speaker, this is the responsible thing to do. Some have said that this is just brinksmanship and an attempt by Republicans to lead to a government shutdown. That could not be further from the truth. The Appropriations Committee has brought this bill to the floor explicitly to avoid the threat of a shutdown.
It's a good bill, and I urge the support of the rule and the underlying legislation.
With that, Mr. Speaker, I reserve the balance of my time.
BREAK IN TRANSCRIPT