Donald Manzullo: “In looking at the figures for the gentlewoman from Illinois' (Ms. Bean) district, my colleague, for fiscal year 2004…”

“In looking at the figures for the gentlewoman from Illinois' (Ms. Bean) district, my colleague, for fiscal year 2004, there were 193 loans, that is 7(a) loans, totaling $31 million. So far, to date, in fiscal year 2005, 7 months, there are 177 loans at $26 million. That is almost there. At this rate, the number of loans in 2005 will greatly exceed the number of loans in 2004, showing that when the subsidy was cut and the taxpayers saved $79 million, more loans were given in the gentlewoman from Illinois' (Ms. Bean) district than when the subsidy was in effect.”