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pursuant to house resolution 83 the concurrent resolution is considered red the bill shall be debated for one hour equally divided and controlled by the chair and ranking ranking minority member of the committee on Financial Services of their respective designate or their respective designees the gentleman from North Carolina Mr McHenry and the gentle woman from California Miss Waters each will control 30 minutes the chair recognizes the gentleman from North Carolina Mr McHenry I ask unanimous consent that all members may have five legislative days in which to revise and extend their remarks and submit extraneous materials on the bill under consideration without objection Mr Speaker I yield myself such time as I may consume the gentleman is recognized Mr Speaker this resolution is a simple one it states that the Congress denounces socialism in all its forms and opposes the implementation of socialist policies in the United States of America its a statement that I would hope all elect