On the recordApril 7, 2014
I yield myself the balance of my time. Mr. Speaker, the gentleman is correct, but not in a totally accurate way. We have had a hearing about budget processes in which this was discussed. We have not had a hearing dedicated solely to this legislation in which we could actually flesh out the impact on these various loan programs that I mentioned. So in conclusion, I think, to kind of summarize where we are, this proposal may be a perfectly appropriate proposal. We wish that we could have more time and more analysis to determine whether we do more damage than good. We both seek to have the most accurate budgeting process and the most accurate process for assessing the value of important government loan programs. That is a shared goal of both Republicans and Democrats. We think that this bill is not effectively and sufficiently fleshed out to make that kind of determination at this point. We think there are far more important things that this body ought to be dealing with, including raising the minimum wage, extending unemployment benefits, working on developing infrastructure for this country, as we all know is critically needed, all of those things that would help stimulate the economy and create jobs. {time} 1645 For all of these reasons that I have mentioned and my ranking member, Mr. Van Hollen, mentioned, we oppose this legislation and urge a vote ``no.'' With that, I yield back the balance of my time.
