On the recordJuly 14, 2011
I appreciate the committee's cutting this program down to the $26 million. But, again, this is corporate welfare to Fortune 100 companies, many that get these funds. We do need to reduce this country's dependence upon foreign oil, but this is not the way to do it. The way to do it is to open up exploration of our own energy resources here in America. This is a commonsense amendment to strike out about $26.5 million out of funding that we just simply don't have. It's money that we're borrowing from our foreign competitors as well as here in this country, and it's creating more and more debt. So I urge passage of my amendment. I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from Georgia (Mr. Broun). The question was taken; and the Acting Chair announced that the noes appeared to have it.
