Of course, these were projections. We recognize that. But they were the best estimate that could be made. Over a 10-year period, we were projecting a surplus of $5.6 billion. In fact, some said we were paying down the debt too quickly, if the Senator will recall?
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This bill takes important steps to support the ongoing restoration of the Chesapeake Bay by reauthorizing NOAA's Chesapeake Bay Office and authorizing the agency's long-running Bay Watershed Education and Training, or B-WET Grant program.
It's a national environmental treasure. It's a regional economic engine. It's been one of my top priorities since I've come to Congress.
I hope that today's hearing is the first step in continuing that legacy of strong bipartisan support for the Chesapeake Bay in this Congress.
It is important to be clear that EPA's proposed standards are reasonable, performance-based emissions standards and constitute neither a national electric vehicle mandate nor an internal combustion ban.
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