Barney Frank: “this is a very reasonable and thoughtful amendment from the gentleman from Maryland. What it says is that we hope this…”

“this is a very reasonable and thoughtful amendment from the gentleman from Maryland. What it says is that we hope this program is established, we hope that there will be entities that will be repeat applicants. We just want to make explicit that if people have gotten a grant and now come back for another one, they be very explicit about what they have done with it. It is, I think, a very useful kind of oversight that's built into the program. It may seem obvious, but we sometimes read about people getting renewed programs when they haven't done a very good job in the last one. This won't make that absolutely impossible, but it will make it less likely. I think it is a very useful amendment by the gentleman from Maryland, and I hope it's adopted. Mr. Chairman, I reserve the balance of my time.”