Joseph Knollenberg: “very briefly, this rule just came in today, and I think everybody is aware of this. The administration understands that…”

“very briefly, this rule just came in today, and I think everybody is aware of this. The administration understands that an amendment may be offered today to prohibit the use of funds to implement a final rule regarding the foreign investment in U.S. airlines. The proposed rule would facilitate a landmark agreement with the EU that would provide significant benefits to consumers as well as the domestic passenger and cargo airline industry. The administration has worked with Congress to address these concerns with the final rule and recently extended the final comment period by an additional 60 days. The administration, as you must know, strongly opposes any amendment that would prevent the Department of Transportation from finalizing its rule. Mr. Chairman, at this time I yield to the gentleman from Georgia. {time} 1515”