The other question is, community banks back home are really complaining over a tightening of lending standards by the regulators to long, long-time customers, people that have never been in default.
Donald Manzullo
The Public Record
The requirements are so onerous and so restrictive that they have ready, willing, eligible people willing to lend to that they are not going to take the TARP money.
I appreciate your perseverance and also your candor, and I want to thank you for the service that you are lending to our country at this very difficult time.
All I'm saying is why have a bunch of bureaucrats trying to oversee where the money is going? The problem with housing foreclosures is that the people are losing their jobs. So we can have all the remedies that we want for foreclosures…
I rise to offer my deepest sympathies to the victims and their families who suffered the horrific shooting tragedy at Northern Illinois University. The tragedy has shaken all of us. Schools are supposed to be a sanctuary of safety, which…
I think the gentleman and I agree on the fact that the loan should be repaid and not be a grant, but I think we disagree fundamentally on how it would be administered. That's why this amendment is a backup amendment to make sure that the…
But it is set up under the State. What reassurance can you give that these loans will be paid and paid on time? That's what I am trying to get at.
It's obvious that the gentleman agrees with me on the absolute necessity of making sure that this is a loan program and not a grant program. This amendment simply gives more teeth to the assurance that the gentleman gave us as to the…
I appreciate that. We were with a company called QUALCOMM today, 11,000 employees. They are opposed to the bill. It's just an interesting mix. And it appears that a lot of the people in favor of the bill have been some of the biggest…
Which means that you manufacture, then you worry about the legals. You manufacture and sell; then you worry about the legals, whether or not you have infringed upon somebody's patent. And what this bill will do is this will encourage…
The purpose was to diminish the value of the patent holder whose patent had been infringed upon. That's the problem.
The problem is that the EQIP program is already being doubled in the amount from $1 to $2 billion, where the caps are being lowered to $60,000. This is not a conservation. The purpose of this is so that cow manure and pig manure and…
The Institute of Museum and Library Services does not offer grants for conservation efforts such as what is going on at the museum. It's simply not available, and the issue is, do unelected bureaucrats who answer to no one in this city…
I take personal offense to that. That's the name of the museum. Burpee was the name of an inventor of seeds.
You accused the Republicans of being a do-nothing Congress. The last 3 days Members of Congress have been here with all the lights burning. That costs more money. We got out yesterday at 2 o'clock in the afternoon for six suspension votes…
Reclaiming my time, the American people have a right to know what is in the amendment.
I am proud to come down to the floor this morning to show my strong support for my friend and our Speaker, Denny Hastert. This is a man of intense integrity, a man of great character, a man who has worked tirelessly to bring honor and as…
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…
Well, I commend the chairman for funding the MEP program, but out of Justice this comes out of the administration account. It has nothing to do with FBI agents or the DEA or people involved in those positions.
I am in favor of a tax cut for all manufacturing entities, from large corporations through to the sole proprietorships. The reason I abandoned my own bill, Manzullo- Rangel-Crane, is the fact that it limited relief only to the large…
I will assure the ranking member that I will work with her to make changes to the 7(a) lending program by April 2, 2004 that will resolve the problems currently affecting the 7(a) program through the end of fiscal year 2004. I make the…
The purpose of H.R. 1106 is to create jobs, to spur entrepreneurship, and to stimulate the economies and foster economic development on Indian lands. Further, the purpose of the Act is to help in the creation of new small businesses owned…
The problem is, to try to lock in that interest rate when you are 30 or 60 days out.





