Scott Garrett: “The reality is that the chairman will tell him this amendment will make sure of absolutely nothing. Why? Because this…”

“The reality is that the chairman will tell him this amendment will make sure of absolutely nothing. Why? Because this amendment will never become law. That's not me saying that. That's what the chairman has said repeatedly as well. It is not going to move in the House and the Senate. It is not going to be eventually signed by the President. Soon, we'll be voting on legislation that will, in essence, allow the next administration to spend $350 billion, and the American taxpayer will be asking us: What did we authorize that $350 billion for? For there was no plan, and there is no plan as we speak here today as to what the next administration will be spending that $350 billion for. Congress should not authorize, Congress should not pass any other legislation until we have the specifics of a plan. We should not do so until we have a plan that will not pick winners and losers, until we have a plan that will protect the American taxpayer, until we have a plan in place and the language before us that will not bail out the banks that made terrible decisions.”