Barney Frank: “Yes. And under the amendment of the gentleman from New York, what he says is this. He said it in his argument: If we…”

“Yes. And under the amendment of the gentleman from New York, what he says is this. He said it in his argument: If we limit the housing authority to 30 percent we are saying, ``Take any factors you want into consideration, geography, whatever, but do not go above 30 percent.'' They will charge the tenant more rent that if we say to them, ``Set the rent on whatever basis you want but there is no cap.'' I have never before heard that imposing a limit in fact required people to go higher than if there was no limit.”