Dennis Moore: “I rise today in support of Chairman Frank's manager's amendment and the underlying legislation. On Tuesday, I talked to…”

“I rise today in support of Chairman Frank's manager's amendment and the underlying legislation. On Tuesday, I talked to our Kansas Governor, Kathleen Sebelius. We were concerned about a provision in the bill that would have required financial firms participating in TARP to divest their companies of corporate business aircraft. While it is clear that the auto executives were very insensitive to the American taxpayers when they flew in their private jets last November to request billions of dollars in Federal assistance, a blanket prohibition against the corporate use of business aircraft would have had the unintended consequence of hurting the general aviation industry and its workers, which is important to Kansas. With nearly 44,000 Kansans who work for aviation companies like Cessna, Beechcraft, Learjet and Boeing, as well as their contracting counterparts like Garmin and Honeywell, many Kansas families depend on this industry. General aviation contributes more than $150 billion a year to the U.S. economy and employs more than 1.2 million people. I want to thank again Chairman Frank and his staff for responding to our concerns and for striking this provision.”