On the recordJune 14, 2000
First, the concern of the gentlewoman about gas prices. I think everyone shares that concern. We have had a debate here on the floor about gas prices and what might be done about the situation, but I want to reaffirm that nothing in this program will directly affect the price of gasoline. The second point the gentlewoman makes is one about fuel efficiency, and there to be sure that was the stated objective of the program, but the GAO, in its March report, has said that at this point it does not appear likely that such a car will be manufactured and sold to consumers. Even if we can agree that this is a lofty and well-founded goal, it simply looks at this point that the $1.25 billion that is put into the program has missed the mark.
Source
govinfo.gov




