Political Quotes

James Oberstar: “Mr. Speaker, the last point I want to make is we have to be very careful when we pass loan guarantee legislation that we…”

On the recordSeptember 14, 2001
Mr. Speaker, the last point I want to make is we have to be very careful when we pass loan guarantee legislation that we establish conditionality. I mean banks establish conditionality. The World Bank, the IMF established conditionality. We established conditionality with the Chrysler loan guarantee bill. We got some warrants for it, too. We made money on it. We establish conditionality with New York City. If we are going to do this, and if by some chance this passes tonight, we ought not to come back with a conference report until all these questions are raised under the strongest possible conditions. Having said that, I thank the gentleman.
Said by
James Oberstar
Democratic · Minnesota
Source
govinfo.gov

Editor's note · Context

Discussing the importance of establishing conditionality in loan guarantee legislation.

Share

Share on XShare on FacebookEmail this quote

More from James Oberstar

Jul 20, 2010

I would like to make the observation, Madam Speaker, that the gentleman took the lead in our Public Buildings Subcommittee many years ago, during his first term in Congress, on courthouses. The gentleman has saved the taxpayers of this…

govinfo.gov
Sep 20, 2010

The Highway Trust Fund, based chiefly on the gasoline tax, will never again be adequate to fund even ongoing maintenance of our roads and bridges.

congress.gov
Jun 23, 2014

We want to protect our waters. We want to protect our wetlands. We want to provide for future generations.

congress.gov
Jul 29, 2010

The FAA in January of this year initiated a process to address the issues created by the so-called ``through-the-fence'' agreements. They formed a policy review team to gather information, evaluate the concerns, decide what kind of action…

govinfo.gov
View all James Oberstar quotes

Other voices in this conversation