Political Quotes

On the recordFebruary 28, 1996
I rise in a moment of some solemnity because it is always tragic when something dies young, and the one piece of legislation from the Contract With America, the unfunded mandates bill, it had a very short life because one of the things we heard last year that was very important was to prevent Congress from imposing unfunded mandates on the private sector. This legislation, according to the Congressional Budget Office, and let me read what the Congressional Budget office says: CBO has determined that enacting this bill would impose private sector mandates, as defined in Public Law 104-4, an attachment to proviso analysis. According to CBO, over the life of this bill, $3.6 billion in unfunded mandates are imposed on the private sector. The CBO says some of this increase will be passed on to users of sugar and sugar-containing products in the United States, most of us believe. Another point: 'The bulk of such costs will be passed on to consumers in higher prices for fluid milk.' So we have a bill that is going to raise sugar products, raise milk prices.
Said by
Barney Frank
Democratic · Massachusetts

Editor's note · Context

Discussing the implications of the unfunded mandates bill during a floor speech.

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