I demand a recorded vote. The CHAIR. Pursuant to clause 6 of rule XVIII, further proceedings on the amendment offered by the gentleman from North Carolina will be postponed. Amendment No. 3 Offered by Mr. Broun of Georgia The CHAIR. It is now in order to consider amendment No. 3 printed in House Report 112-173.
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There is no rational reason, if you think about it, why a superior tax lien would be having an interest rate of 10, 11, 12 percent when a lien subordinate to it is going at 4 percent or 5 percent.
Congress has given us this mandate: Do lending, back loans that are safe and sound, and provide liquidity in the market.
I think if you ask most people out in the public, there is actually the opinion that there is an unlimited guarantee to this space, and that is not true.
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