“So, I do it to thank them. I also do it because we have some great people there that are running and I want to make sure they win.”

Political Quotes

Michael Roth: “I rise to address one provision in the managers' amendment that has been adopted. The provision to which I am referring…”

On the recordMarch 2, 2000
I rise to address one provision in the managers' amendment that has been adopted. The provision to which I am referring deals with the authority of the Federal Housing Finance Board to allocate authority to Federal Home Loan Banks to guarantee school construction bonds. The provision contemplates legislation that "expressly" authorizes the Federal Housing Finance Board to allocate such authority to the Federal Home Loan Banks. No inference should be drawn from this provision with respect to the Federal Housing Finance Board's current authority. I note that the general counsel of the Board has issued a legal opinion arguing that the Board has the implicit legal authority to allocate authority to Federal Home Loan Banks to guarantee school construction bonds.
Said by
Michael Roth
Source
govinfo.gov

Editor's note · Context

Discussing a provision regarding the Federal Housing Finance Board's authority related to school construction bonds.

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