1 00:00:02,520 --> 00:00:08,560 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. We're all keeping our 2 00:00:08,600 --> 00:00:11,200 Speaker 1: eyes on Capitol Hill today for good reason. The Senate 3 00:00:11,240 --> 00:00:14,480 Speaker 1: passed the legislation last evening that would reopen the government. 4 00:00:14,520 --> 00:00:16,640 Speaker 1: Once the House does the same, the President pulls out 5 00:00:16,680 --> 00:00:19,360 Speaker 1: the sharpie and we're back in business. Of course, knowing 6 00:00:19,400 --> 00:00:21,440 Speaker 1: that it could take some time for airlines to get 7 00:00:21,480 --> 00:00:24,599 Speaker 1: back together, for airports and air traffic control towers to 8 00:00:24,600 --> 00:00:28,080 Speaker 1: be fully staffed, snap benefits to be funded, and of 9 00:00:28,080 --> 00:00:31,360 Speaker 1: course the hundreds of thousands of furloughed federal workers to 10 00:00:31,360 --> 00:00:36,160 Speaker 1: get back to work get a paycheck in the bank account. So, Tyler, 11 00:00:36,240 --> 00:00:38,400 Speaker 1: what we have here is a rules committee hearing. It's 12 00:00:38,400 --> 00:00:39,960 Speaker 1: going to be an important one that's set to start 13 00:00:40,000 --> 00:00:42,919 Speaker 1: a few hours from now, and they'll start hashing out 14 00:00:42,920 --> 00:00:45,680 Speaker 1: the rules that will bring the bill to the floor, 15 00:00:46,280 --> 00:00:51,720 Speaker 1: and by four pm, we're told, don't necessarily bet on that, 16 00:00:51,840 --> 00:00:53,600 Speaker 1: but around four pm we'll have a vote in the 17 00:00:53,600 --> 00:00:55,240 Speaker 1: House that could actually end this shutout. 18 00:00:55,320 --> 00:00:57,880 Speaker 2: Right, if we've learned anything, things could change quickly the 19 00:00:57,920 --> 00:01:00,440 Speaker 2: goose of Representatives. But this is what we're tracked as 20 00:01:00,480 --> 00:01:02,960 Speaker 2: of now. How Speaker Mike Johnson can only afford to 21 00:01:03,040 --> 00:01:06,399 Speaker 2: lose two Republican votes, but it appears that his hand 22 00:01:06,440 --> 00:01:09,160 Speaker 2: has been bolstered by the fact that President Trump has 23 00:01:09,200 --> 00:01:12,200 Speaker 2: thrown his weight behind this deal, saying that he wants 24 00:01:12,240 --> 00:01:14,479 Speaker 2: to sign it into law. Now, we're going to talk 25 00:01:14,480 --> 00:01:16,840 Speaker 2: to one of the members who is going to cast 26 00:01:16,920 --> 00:01:19,800 Speaker 2: his vote when this comes up tomorrow, and that's Congressman 27 00:01:19,840 --> 00:01:24,440 Speaker 2: Byron Donalds. He's a Republican representing Florida's nineteenth district. Congressman, 28 00:01:24,480 --> 00:01:27,120 Speaker 2: thanks so much for joining us here on Bloomberg Television 29 00:01:27,160 --> 00:01:30,240 Speaker 2: and Radio. I think I probably know the answer, but 30 00:01:30,360 --> 00:01:32,520 Speaker 2: just to get you on the record and to confirm, 31 00:01:32,680 --> 00:01:34,880 Speaker 2: how are you going to vote when this package comes 32 00:01:34,920 --> 00:01:35,480 Speaker 2: up tomorrow? 33 00:01:36,680 --> 00:01:37,880 Speaker 3: I'm voting yes. Tomorrow. 34 00:01:38,040 --> 00:01:41,560 Speaker 4: It's time for the government to be reopened and this 35 00:01:41,720 --> 00:01:45,640 Speaker 4: shutdown created by Chuck Schumer and the Democrats to be blunt. 36 00:01:45,680 --> 00:01:47,480 Speaker 4: We're still not even sure what they shut the government 37 00:01:47,560 --> 00:01:50,240 Speaker 4: down for in the first place, but we're excited to 38 00:01:50,280 --> 00:01:52,880 Speaker 4: get back to work and get this to the President's 39 00:01:52,920 --> 00:01:54,320 Speaker 4: desk as quickly as possible. 40 00:01:56,000 --> 00:01:57,360 Speaker 2: Congressman, I want to ask you about one of the 41 00:01:57,440 --> 00:02:00,840 Speaker 2: provisions that we're seeing included, which is a rollback, a 42 00:02:00,920 --> 00:02:05,000 Speaker 2: reversal of the mass federal firings that started on October 43 00:02:05,040 --> 00:02:08,680 Speaker 2: first also puts a block on any future firings until 44 00:02:08,880 --> 00:02:12,079 Speaker 2: January thirtieth. Do you have any concern with this policy 45 00:02:12,120 --> 00:02:14,360 Speaker 2: since we know it's something that this White House had 46 00:02:14,400 --> 00:02:15,280 Speaker 2: been advigating for. 47 00:02:16,560 --> 00:02:17,079 Speaker 3: No, we don't. 48 00:02:17,120 --> 00:02:19,280 Speaker 4: There's been a lot of work in this regard the 49 00:02:19,440 --> 00:02:20,520 Speaker 4: entire year. 50 00:02:20,680 --> 00:02:21,400 Speaker 3: That's number one. 51 00:02:21,480 --> 00:02:24,840 Speaker 4: Number two, everybody knows at this point that one of 52 00:02:24,880 --> 00:02:26,120 Speaker 4: the ways we're going to be able to get our 53 00:02:26,160 --> 00:02:29,080 Speaker 4: spending under control, which is a major concern for the 54 00:02:29,120 --> 00:02:32,000 Speaker 4: bond markets and our credit rating agencies, is we're going 55 00:02:32,040 --> 00:02:35,040 Speaker 4: to have to streamline the federal government across the board. 56 00:02:35,440 --> 00:02:39,080 Speaker 4: Part of that has been giving workers an opportunity to 57 00:02:39,160 --> 00:02:41,800 Speaker 4: leave the federal workforce. Some of them have been provided 58 00:02:41,840 --> 00:02:44,200 Speaker 4: bonuses on their way out the door, and so I 59 00:02:44,240 --> 00:02:46,800 Speaker 4: think this is going to continue. Well, you know, we 60 00:02:46,840 --> 00:02:49,320 Speaker 4: have a temporary measure that we have to get through here, 61 00:02:49,400 --> 00:02:52,000 Speaker 4: and we're going to do that and get the government reopened. 62 00:02:53,200 --> 00:02:53,600 Speaker 5: Congress. 63 00:02:53,639 --> 00:02:55,280 Speaker 1: But it's good to see you, and you said something 64 00:02:55,320 --> 00:02:56,800 Speaker 1: in your first answer that was important. 65 00:02:56,800 --> 00:02:57,799 Speaker 5: What was this all for? 66 00:02:57,919 --> 00:03:00,679 Speaker 1: Because it seems to me that this could have been 67 00:03:00,760 --> 00:03:04,799 Speaker 1: something that took place weeks ago, knowing that Democrats were 68 00:03:04,800 --> 00:03:08,880 Speaker 1: offered an up or down vote on extending Obamacare subsidies. 69 00:03:08,960 --> 00:03:10,639 Speaker 1: Many told us here on the air that that was 70 00:03:10,680 --> 00:03:12,480 Speaker 1: simply not good enough. And I know a lot of 71 00:03:12,520 --> 00:03:14,240 Speaker 1: them still feel that way, who are going to vote 72 00:03:14,240 --> 00:03:17,280 Speaker 1: no because they wanted an actual deal on paper. John 73 00:03:17,320 --> 00:03:19,920 Speaker 1: Thune has promised that vote. Now, should Speaker Johnson do 74 00:03:19,960 --> 00:03:20,519 Speaker 1: the same. 75 00:03:22,000 --> 00:03:24,320 Speaker 4: No, I think that's something that John Thune and the Senate. 76 00:03:24,040 --> 00:03:24,760 Speaker 3: Has to go through. 77 00:03:24,919 --> 00:03:28,200 Speaker 4: Let's talk real quickly about these Obamacare subsidies that were 78 00:03:28,320 --> 00:03:30,919 Speaker 4: part of one of the things that Democrats were talking about. 79 00:03:31,200 --> 00:03:32,120 Speaker 3: Let's first be clear. 80 00:03:32,200 --> 00:03:35,280 Speaker 4: Democrats who are arguing for like five different things over 81 00:03:35,320 --> 00:03:37,200 Speaker 4: the last forty days, and that's how you know that 82 00:03:37,240 --> 00:03:41,320 Speaker 4: their negotiations weren't serious. This was much more about politics 83 00:03:41,600 --> 00:03:44,920 Speaker 4: from the Democratic left and politics from Chuck Schumer trying 84 00:03:44,920 --> 00:03:48,720 Speaker 4: to save his job as Senate Minority leader. But to 85 00:03:48,760 --> 00:03:52,360 Speaker 4: the specific issue about Obamacare subsidies. What the Democrats have 86 00:03:52,400 --> 00:03:55,560 Speaker 4: been telling the American people consistently is that they need 87 00:03:55,600 --> 00:03:58,560 Speaker 4: more subsidies to cover up the true cost of health care. 88 00:03:58,880 --> 00:04:02,600 Speaker 4: And these subsidies are on top of the existing structure 89 00:04:02,680 --> 00:04:07,120 Speaker 4: of subsidies built into the law of the Affordable Care Act. So, 90 00:04:07,320 --> 00:04:10,440 Speaker 4: in short, more subsidies is not going to fix Obamacare. 91 00:04:10,640 --> 00:04:13,080 Speaker 4: What it's going to do is mask the true costs 92 00:04:13,480 --> 00:04:17,359 Speaker 4: and the true damage to families everywhere. I've talked to 93 00:04:17,360 --> 00:04:20,560 Speaker 4: people where their premiums for a bronze plan are now 94 00:04:20,600 --> 00:04:25,200 Speaker 4: two thousand dollars a month. That's rent, that's a mortgage 95 00:04:25,200 --> 00:04:27,960 Speaker 4: in some parts of the country. The deductibles twelve to 96 00:04:28,040 --> 00:04:31,080 Speaker 4: fourteen thousand dollars a year. So if you're making one 97 00:04:31,160 --> 00:04:33,600 Speaker 4: hundred and twenty five thousand dollars a year as a family, 98 00:04:34,040 --> 00:04:36,480 Speaker 4: you don't have two thousand dollars a month in disposable 99 00:04:36,520 --> 00:04:40,400 Speaker 4: income to pay premiums, let alone the fourteen thousand dollars 100 00:04:40,480 --> 00:04:43,520 Speaker 4: to pay the deductible before you even start accessing the 101 00:04:43,600 --> 00:04:47,159 Speaker 4: health insurance policy. This is what's wrong with Obamacare. The 102 00:04:47,200 --> 00:04:50,440 Speaker 4: Democrats want to cover it up using subsidies, as opposed 103 00:04:50,480 --> 00:04:53,320 Speaker 4: to fixing the problem that they created fifteen years ago. 104 00:04:54,560 --> 00:04:56,880 Speaker 2: So then what is the plan, Congressman, are we talking 105 00:04:56,920 --> 00:04:59,840 Speaker 2: about replacing? President Trump has said that he'd be willing 106 00:04:59,880 --> 00:05:02,920 Speaker 2: to negotiate when it comes to this very issue. So 107 00:05:02,960 --> 00:05:05,080 Speaker 2: what's feasible, what's going to get through your chamber that 108 00:05:05,120 --> 00:05:06,760 Speaker 2: would get your vote? 109 00:05:07,080 --> 00:05:09,320 Speaker 4: I think what's feasible are some of the reforms that 110 00:05:09,360 --> 00:05:12,440 Speaker 4: we try to get through back in twenty seventeen. I 111 00:05:12,480 --> 00:05:14,840 Speaker 4: will tell you by the way Democrats refuse to lift 112 00:05:14,839 --> 00:05:17,760 Speaker 4: a finger and work with us to avoid the calamity 113 00:05:17,800 --> 00:05:20,320 Speaker 4: that we see today. But that centered around health care 114 00:05:20,360 --> 00:05:23,680 Speaker 4: policies that are patients centered. It's about health care policies 115 00:05:23,680 --> 00:05:27,200 Speaker 4: that do not have overburden some requirements on all the 116 00:05:27,200 --> 00:05:30,719 Speaker 4: things that are covered that really create a bureaucratic bloats 117 00:05:31,320 --> 00:05:34,560 Speaker 4: and makes the premiums more expensive. It's about making sure 118 00:05:34,600 --> 00:05:38,000 Speaker 4: there's more catastrophic insurance policies in the marketplace. 119 00:05:38,040 --> 00:05:39,719 Speaker 3: Maybe you have young workers. 120 00:05:39,480 --> 00:05:43,440 Speaker 4: They don't need a full gold plated healthcare policy. What 121 00:05:43,480 --> 00:05:46,640 Speaker 4: they need is catastrophic health care coverage and ability to 122 00:05:46,680 --> 00:05:49,920 Speaker 4: go get regular visits and checkups. That's a key part 123 00:05:49,920 --> 00:05:52,520 Speaker 4: of this. There's a study being done. It was one 124 00:05:52,560 --> 00:05:55,560 Speaker 4: I think Senator Ron Johnson released these findings actually, and 125 00:05:55,600 --> 00:05:58,719 Speaker 4: it's demonstrated that employer provided coverage and most of the 126 00:05:58,760 --> 00:06:04,400 Speaker 4: country has had just marginally risen over inflation. But when 127 00:06:04,400 --> 00:06:07,599 Speaker 4: you look at health insurance policies in the Obamacare exchanges, 128 00:06:07,880 --> 00:06:11,000 Speaker 4: they are up to three four hundred in some respects 129 00:06:11,040 --> 00:06:13,680 Speaker 4: five hundred percent over inflation. 130 00:06:14,080 --> 00:06:14,920 Speaker 3: That's crazy. 131 00:06:15,279 --> 00:06:18,760 Speaker 4: We've created a two tier system in healthcare. So I 132 00:06:18,760 --> 00:06:21,320 Speaker 4: would tell the American people this is not simply about 133 00:06:21,640 --> 00:06:25,520 Speaker 4: subsidies for Obamacare. It is about providing real solutions that 134 00:06:25,600 --> 00:06:28,800 Speaker 4: put patients first. So we have a healthcare system and 135 00:06:28,839 --> 00:06:32,680 Speaker 4: a healthcare insurance marketplace that people can afford and be 136 00:06:32,720 --> 00:06:35,760 Speaker 4: able to access health care readily in their communities. 137 00:06:36,560 --> 00:06:38,880 Speaker 1: Well, I love that we're having this conversation, Congressman, and 138 00:06:38,880 --> 00:06:40,719 Speaker 1: I wonder your thoughts on what the President said to 139 00:06:40,800 --> 00:06:43,520 Speaker 1: Laura Ingram last evening, because he's been on truth Social 140 00:06:43,560 --> 00:06:46,240 Speaker 1: about this as well. Give the money directly to people 141 00:06:46,720 --> 00:06:50,279 Speaker 1: and let them negotiate with health insurance is essentially what 142 00:06:50,360 --> 00:06:52,560 Speaker 1: he said. The quote was the insurance will be better, 143 00:06:52,600 --> 00:06:56,240 Speaker 1: it'll cost less. They're going to feel like entrepreneurs, he said, 144 00:06:56,240 --> 00:06:58,760 Speaker 1: They'll actually be able to go out and negotiate their 145 00:06:58,839 --> 00:07:04,440 Speaker 1: own health insurance. Would that still require a pool of patients, though, 146 00:07:04,440 --> 00:07:08,000 Speaker 1: Congressman to create leverage or am I calling up United 147 00:07:08,040 --> 00:07:09,840 Speaker 1: Healthcare and trying to get my own rates at the 148 00:07:09,880 --> 00:07:10,800 Speaker 1: same time that you are? 149 00:07:12,320 --> 00:07:14,960 Speaker 4: Well, I think there's parts of what you're saying or true, 150 00:07:15,120 --> 00:07:17,000 Speaker 4: some that will have to be worked on. I think 151 00:07:17,040 --> 00:07:19,920 Speaker 4: the premise of the president laying out is the correct one. 152 00:07:20,160 --> 00:07:23,720 Speaker 4: Look at any industry in our economy, the ones where 153 00:07:23,760 --> 00:07:27,600 Speaker 4: people have direct purchasing power to go to companies and 154 00:07:27,600 --> 00:07:31,320 Speaker 4: buy the product they're looking for, those prices are actually 155 00:07:31,400 --> 00:07:34,320 Speaker 4: increasing lower than the rate of inflation. But when you 156 00:07:34,400 --> 00:07:37,800 Speaker 4: bring in these other issues, these other areas where the 157 00:07:37,880 --> 00:07:41,200 Speaker 4: government is doing direct subsidies, that's where the prices are 158 00:07:41,200 --> 00:07:44,800 Speaker 4: completely out of control. And so for me, the situation 159 00:07:44,880 --> 00:07:47,000 Speaker 4: is clear. The situation is clear. You have to put 160 00:07:47,040 --> 00:07:48,360 Speaker 4: people at the front of the line. They got to 161 00:07:48,360 --> 00:07:50,920 Speaker 4: be able to make those purchasing decisions. If it's doing 162 00:07:51,040 --> 00:07:53,560 Speaker 4: if it's giving those dollars directly to the individual, that 163 00:07:53,600 --> 00:07:56,920 Speaker 4: will work. Now to your question around risk pools, this 164 00:07:57,040 --> 00:08:00,360 Speaker 4: is essential in all insurance. We could look at setting 165 00:08:00,440 --> 00:08:04,520 Speaker 4: up geographic risk pools as an idea so that people 166 00:08:04,600 --> 00:08:08,360 Speaker 4: in that community or in that state can actually be 167 00:08:08,520 --> 00:08:11,480 Speaker 4: dealing with the insurance companies, but the insurance companies actually 168 00:08:11,480 --> 00:08:13,800 Speaker 4: have a defined risk pool. This is one of the 169 00:08:13,840 --> 00:08:18,040 Speaker 4: reasons why large companies have cheaper insurance than when people 170 00:08:18,080 --> 00:08:21,360 Speaker 4: are just going into the marketplace by themselves, because they're 171 00:08:21,480 --> 00:08:24,440 Speaker 4: using the risk profile of working for that company to 172 00:08:24,640 --> 00:08:27,440 Speaker 4: set up the risk pool to with. Then the actuaries 173 00:08:27,480 --> 00:08:30,960 Speaker 4: kind of decide how much is the cost to ensure 174 00:08:31,040 --> 00:08:33,800 Speaker 4: each person in that pool. There's ways to do this, 175 00:08:34,240 --> 00:08:36,679 Speaker 4: but the Obamacare way has been a disaster. It is 176 00:08:36,760 --> 00:08:38,960 Speaker 4: now proven and the costs are out of control. 177 00:08:40,679 --> 00:08:42,840 Speaker 2: We're talking about next steps here, and I also want 178 00:08:42,880 --> 00:08:45,280 Speaker 2: to talk about the next steps for fully funding the 179 00:08:45,280 --> 00:08:49,000 Speaker 2: government because this stock gap measure goes until January thirtieth. 180 00:08:49,000 --> 00:08:51,600 Speaker 2: How are we going to avoid another shutdown? Are we 181 00:08:51,600 --> 00:08:53,760 Speaker 2: going to be having this conversation again when we know 182 00:08:53,800 --> 00:08:56,640 Speaker 2: that the Senate has been proposing some spending levels that 183 00:08:56,679 --> 00:09:00,160 Speaker 2: are higher than many House Republicans want to see. 184 00:09:00,320 --> 00:09:02,319 Speaker 4: Well, again, we're going to get back to the negotiating 185 00:09:02,400 --> 00:09:05,320 Speaker 4: table in short order. I know Speaker Johnson has told 186 00:09:05,360 --> 00:09:09,240 Speaker 4: the members that we can expect some very long days 187 00:09:09,280 --> 00:09:10,520 Speaker 4: when we get back to Capitol Hill. 188 00:09:10,559 --> 00:09:12,880 Speaker 3: And that's fine. That's our job, and we're more than 189 00:09:12,920 --> 00:09:13,800 Speaker 3: happy to do that. 190 00:09:14,400 --> 00:09:17,640 Speaker 4: I think it's important for my Senate colleagues, both Republicans 191 00:09:17,640 --> 00:09:20,280 Speaker 4: and Democrats, to understand one very important thing. 192 00:09:20,800 --> 00:09:22,600 Speaker 3: We are borrowing a lot of money. 193 00:09:22,880 --> 00:09:25,680 Speaker 4: The bond market is looking at us to curtail spending, 194 00:09:25,960 --> 00:09:28,720 Speaker 4: and this is the core position of House Republicans. We 195 00:09:28,760 --> 00:09:31,360 Speaker 4: can still have a federal government that does its job, 196 00:09:31,640 --> 00:09:33,959 Speaker 4: but we don't have to be so obscene in how 197 00:09:33,960 --> 00:09:36,960 Speaker 4: we are spending other people's money. And I think that 198 00:09:37,240 --> 00:09:39,520 Speaker 4: if we come back to the situation again in January, 199 00:09:39,720 --> 00:09:42,640 Speaker 4: I think, whether it's healthcare or spending, it's important for 200 00:09:42,800 --> 00:09:45,600 Speaker 4: myself and my colleagues to communicate clearly to the American 201 00:09:45,600 --> 00:09:48,800 Speaker 4: people of what's truly at stake. Everybody wants to talk 202 00:09:48,800 --> 00:09:52,960 Speaker 4: about the economy, affordability. These are major issues for the 203 00:09:53,000 --> 00:09:57,960 Speaker 4: American people. The core of our affordability problems is massive 204 00:09:58,040 --> 00:10:02,520 Speaker 4: government overspending deep It diminishes the purchasing. 205 00:10:02,080 --> 00:10:03,600 Speaker 3: Power of the American dollar. 206 00:10:03,920 --> 00:10:07,000 Speaker 4: It does not help American families be able to make 207 00:10:07,120 --> 00:10:07,640 Speaker 4: ends meet. 208 00:10:07,880 --> 00:10:11,120 Speaker 3: In Washington, for once, we've got to do the right thing. 209 00:10:11,240 --> 00:10:13,880 Speaker 4: Let's cut our spending, get that down, and let's pass 210 00:10:13,920 --> 00:10:16,920 Speaker 4: bills so we're not doing this sprinksmanship, which, by the way, 211 00:10:17,000 --> 00:10:19,240 Speaker 4: the Democrats are the ones want to do it. People 212 00:10:19,280 --> 00:10:21,400 Speaker 4: should know the Democrats half of them, most of them 213 00:10:21,440 --> 00:10:24,000 Speaker 4: are mad about this deal to reopen the government. They 214 00:10:24,000 --> 00:10:26,760 Speaker 4: want the government to continue to be shut down. That's 215 00:10:26,840 --> 00:10:29,600 Speaker 4: not an appropriate way to get the business done for 216 00:10:29,640 --> 00:10:30,560 Speaker 4: the American people. 217 00:10:31,400 --> 00:10:33,560 Speaker 1: Well, we have talked to a number of Democratic lawmakers 218 00:10:33,559 --> 00:10:35,160 Speaker 1: who were not happy with the AID who crossed the 219 00:10:35,200 --> 00:10:37,640 Speaker 1: aisle on this because there wasn't a deal there that 220 00:10:37,960 --> 00:10:38,720 Speaker 1: they were hoping for. 221 00:10:38,920 --> 00:10:40,640 Speaker 5: Certainly, Congressman, I. 222 00:10:40,600 --> 00:10:43,120 Speaker 1: Want to mention to our viewers on Bloomberg TV, if 223 00:10:43,120 --> 00:10:46,360 Speaker 1: you're watching this on YouTube right now, that the Congressman 224 00:10:46,440 --> 00:10:47,600 Speaker 1: does not have a new job. 225 00:10:47,640 --> 00:10:48,959 Speaker 5: He's not working at Cantor. 226 00:10:49,000 --> 00:10:51,560 Speaker 1: He's actually down in Miami right now at an important 227 00:10:51,600 --> 00:10:55,080 Speaker 1: AI energy infrastructure conference. And I've got to ask you 228 00:10:55,280 --> 00:10:58,160 Speaker 1: because we typically get to this because of your committee 229 00:10:58,160 --> 00:11:01,600 Speaker 1: assignments and your areas of interest. An important bipartisan bill 230 00:11:02,160 --> 00:11:04,560 Speaker 1: came out of the Senate last evening, the AD Committee 231 00:11:04,840 --> 00:11:08,600 Speaker 1: on a crypto market structure bill, and I'm wondering where 232 00:11:08,720 --> 00:11:11,080 Speaker 1: this stands in the House. We've talked so much about 233 00:11:11,080 --> 00:11:12,920 Speaker 1: the Clarity Act and whether there's going to be some 234 00:11:13,040 --> 00:11:17,160 Speaker 1: reconciliation between these two pieces of legislation or a different path. 235 00:11:18,559 --> 00:11:20,360 Speaker 4: I think we're probably going to end up sitting down 236 00:11:20,400 --> 00:11:23,559 Speaker 4: and get coming to an agreement between the two chambers 237 00:11:23,600 --> 00:11:26,079 Speaker 4: on this. The one thing that's very clear, I'm happy 238 00:11:26,080 --> 00:11:27,400 Speaker 4: that my Senate colleagues are. 239 00:11:27,240 --> 00:11:28,239 Speaker 3: Taking this seriously. 240 00:11:29,280 --> 00:11:33,880 Speaker 4: AI quantum computing, the future of energy for our country. 241 00:11:34,280 --> 00:11:37,120 Speaker 4: These are critical components to our economic future. 242 00:11:37,559 --> 00:11:39,280 Speaker 3: If we don't actually. 243 00:11:38,920 --> 00:11:43,240 Speaker 4: Create the frameworks for this, we fall further behind to China, 244 00:11:44,040 --> 00:11:47,480 Speaker 4: to Europe and some of our rivals on the globe, 245 00:11:47,520 --> 00:11:50,360 Speaker 4: on the world stage. So this is actually important stuff 246 00:11:50,360 --> 00:11:53,480 Speaker 4: that we can get done. I'm very happy that AI 247 00:11:53,559 --> 00:11:57,079 Speaker 4: and quantum is not a partisan issue because it's really 248 00:11:57,160 --> 00:11:58,800 Speaker 4: about the future of our economy. 249 00:11:59,200 --> 00:12:00,439 Speaker 3: And so let's see what they have. 250 00:12:00,520 --> 00:12:02,679 Speaker 4: We'll work together with them and try to get something 251 00:12:02,720 --> 00:12:05,640 Speaker 4: done that's going to put the American people first and 252 00:12:05,679 --> 00:12:07,559 Speaker 4: that should be in the best interest of our country. 253 00:12:08,720 --> 00:12:10,720 Speaker 2: Could you give us any timeline that we should be 254 00:12:10,840 --> 00:12:12,839 Speaker 2: watching out for any chance that this is going to 255 00:12:12,920 --> 00:12:14,200 Speaker 2: get done by the end of the year. 256 00:12:15,840 --> 00:12:19,240 Speaker 4: Listen, I don't put any timelines on Washington. You've been 257 00:12:19,280 --> 00:12:21,320 Speaker 4: around long enough. You know you just what you do 258 00:12:21,400 --> 00:12:23,560 Speaker 4: is you go in there, you work hard, you try 259 00:12:23,600 --> 00:12:26,800 Speaker 4: not to set artificial deadlines. I do believe that you 260 00:12:27,000 --> 00:12:30,080 Speaker 4: have members of the Senate, members of the House, myself included, 261 00:12:30,360 --> 00:12:34,319 Speaker 4: who want to see a regulatory framework in AI at 262 00:12:34,320 --> 00:12:35,640 Speaker 4: crypto and quantum. 263 00:12:35,640 --> 00:12:36,360 Speaker 3: It is important. 264 00:12:36,440 --> 00:12:39,120 Speaker 4: We have to be able to get this job done 265 00:12:39,320 --> 00:12:41,960 Speaker 4: because we have many other public policy issues that we 266 00:12:42,000 --> 00:12:43,120 Speaker 4: have to address as well. 267 00:12:43,559 --> 00:12:45,000 Speaker 3: One of them is energy. 268 00:12:45,080 --> 00:12:48,720 Speaker 4: I'm a major proponent for small modular nuclear reactors to 269 00:12:48,800 --> 00:12:52,640 Speaker 4: be commercially deployed throughout the United States. Every state needs 270 00:12:52,679 --> 00:12:54,880 Speaker 4: to double their amount of power on their grid. The 271 00:12:54,960 --> 00:12:57,240 Speaker 4: United States needs to do that, and this is something 272 00:12:57,240 --> 00:13:00,640 Speaker 4: where my colleagues on Capitol Hill. This is common sense 273 00:13:00,640 --> 00:13:05,359 Speaker 4: stuff that actually provides energy at a lower per kilowatt 274 00:13:05,360 --> 00:13:07,760 Speaker 4: hour than any other generation source. We need to get 275 00:13:07,760 --> 00:13:09,760 Speaker 4: in the game and get that done as well. 276 00:13:09,960 --> 00:13:12,440 Speaker 1: Well, you know, Congressman, a few stories are more important 277 00:13:12,440 --> 00:13:14,320 Speaker 1: to our audience, So let's talk about that. Let's have 278 00:13:14,400 --> 00:13:17,160 Speaker 1: that conversation when you're back in town with our eyes 279 00:13:17,240 --> 00:13:20,720 Speaker 1: of course on the AI space. Congressman Byron Donald's, I 280 00:13:20,720 --> 00:13:22,920 Speaker 1: hope you get the flight back to DC. 281 00:13:23,040 --> 00:13:24,920 Speaker 5: All right. That's easier said than done.