On the recordMarch 2, 1995
Mr. Chairman, I think it is important that we respond to some of the arguments that are being made here, because some of them are just wrong, and others need to be clarified. Let us go through some of them. First of all, it has been said repeatedly here this is a budget-busting measure. I think that is kind of an interesting argument. Remember what the bill does, it says when the Federal Government is diminishing the value of private property owned by private citizens in this country, that it must pay for it. Those who are saying this is going to cost hundreds of billions of dollars must at least be concerned the Federal Government is causing hundreds of billions of dollars of loss of property value to people in this country by their actions. Yet they seem to say that does not need to be addressed. Well, I do not know whether it is hundreds of billions of dollars that this act will cost or not, but if the Federal Government is doing that to the people of this country, then something should be done to stop it, and this bill addresses that.
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