Providing for Consideration of Senate Amendments to H.R. 3547, Space Launch Liability Indemnification Extension Act; Providing for Processing during the Period from January 17, 2014, through January 24, 2014; and for other Purposes

Floor Speech

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Ms. WATERS. Madam Speaker, while this agreement is an improvement over the harmful sequester, it fails to adequately fund Wall Street's cops, shortchanges many housing programs, and ignores the global economy.

While the Securities and Exchange Commission and the Commodity Futures Trading Commission need more resources to oversee Wall Street, this bill only provides flat funding to the already-underfunded SEC and a nominal bump for the CFTC. Yes, no furloughs, but no new examiners either.

Regarding housing, the bill offers minimal increases for section 8 vouchers and the Community Development Block Grant program but not enough for Americans struggling with long-term unemployment and foreclosure.

Finally, Republican isolationists have excluded the International Monetary Fund reform package. Democrats and businesses agree a well-equipped IMF that leverages billions of global dollars is in our national interest.

Despite these concerns, we must pass this bill. Reluctantly, I support this bill. We have to stop the sequester and prevent another government shutdown.

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