I would just say to my ranking member that I had exactly the same reaction to this and was all prepared to get very excited and oppose this one adamantly, but we were assured that a re-look at the HECM situation and the needs there indicated that it could yield this $10 million offset.
The speaker discusses concerns about a financial offset related to the HECM situation.
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I will then move to strike the last word. The Acting CHAIR. The gentleman from Massachusetts is recognized for 5 minutes.
At this point, I really don't know whether your understanding is anywhere close to mine. I think this is an amendment deserving of opposition, so I am opposing the amendment. I think this amendment should not be adopted, and you can do as…
And this was an executive order promulgated by President Clinton or by President Bush?
Well, I don't know how this amendment is going to solve the problem that you have exactly, but the chairman has agreed to adopt it. So I will state an objection because I really don't understand how this is going to solve your problem, but…
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