Political Quotes

“I appreciate it, Mr. Chairman. I yield back the balance of my time. The Acting CHAIRMAN. The Clerk will read. The Clerk read as follows: community development loan guarantees program account For the cost of guaranteed loans, $6,000,000, to remain available until September 30, 2014, as authorized by section 108 of the Housing and Community Development Act of 1974 (42 U.S.C. 5308): Provided, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget Act of 1974: Provided further, That these funds are available to subsidize total loan principal, any part of which is to be guaranteed, not to exceed $244,000,000, notwithstanding any aggregate limitation on outstanding obligations guaranteed in section 108(k) of the Housing and Community Development Act of 1974, as amended. Amendment No. 11 Offered by Mr. McClintock Mr. McCLINTOCK. Mr. Chairman, I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 90, line 15, after the dollar amount, insert ``(reduced to $0)''. Page 150, line 9, after the dollar amount, insert ``(increased by $6,000,000)''. The Acting CHAIR. The gentleman from California is recognized for 5 minutes. Mr. McCLINTOCK. Mr. Chairman, this amendment eliminates funding for the Community Development loan guarantee program.…”