Devin Nunes: “Why did they move in 1992 to 25 years? Conveniently that made it very hard for farmers to get loans on their land…”

“Why did they move in 1992 to 25 years? Conveniently that made it very hard for farmers to get loans on their land, especially when they were not sure if they were going to have a water supply. That's what this bill tries to fix. That's why we should vote ``no'' on this amendment because I believe our Founding Fathers and previous Members of Congress who came before us knew at the time that a 40-year agreement would be enough for farmers and people trying to borrow money to go and borrow that money so they could put their families to work and provide for their families. So that's why we should vote ``no'' against this agreement, when we had the author down here berating production agriculture. {time} 1630 We know what the intent was of 1992, and we've seen the chaos that has been created since 1992, and that's what we fix in this bill. The Acting CHAIR. The gentleman from California (Mr. McClintock) has 30 seconds remaining. Mr. McCLINTOCK. First, I want to correct one thing. I said that 40 years is common throughout the western United States. I do need to point out again that the Hoover Dam was actually given a 50-year contract. The amendment fully addresses the concerns that were expressed by the gentleman over the successive renewal provisions in the contracts. I think we've made it very clear that the conditions of the contracts have to be agreed to by both parties. The gentleman, himself, in markup said he could live with 40 years. He has obviously reconsidered.…”