Political Quotes

“Yes. Mr. President, that is an issue that I have discussed with some private entities, and the Senator is correct. Some utilities have expressed a concern about that. Senator Cochran earlier today also brought that issue up, and we were able to have a discussion along these same lines. The point is, in the legislation itself, and as a result of some of those discussions with the private sector, we have language which says, and I will quote: . . . a statement of the degree to which a Federal mandate affects both the public and private sectors and the extent to which Federal payment of public sector costs or the modification or termination of the Federal mandate is provided under subsection-- Such and such-- would affect the competitive balance between State, local or tribal governments and the privately owned businesses. So we have asked that there be a statement, there will be an analysis as to whether or not in any way does this create some sort of imbalance between the public and private sector.”