I do believe it may have the unfortunate consequence that the gentleman from Florida has indicated, and that is that a wholly unnecessary flight of capital, not just out of Florida but out of the United States, at a time when obviously people are looking to this country; notwithstanding our current economic concerns, they are still placing enormous amounts of capital in this country because of a reasonable return and primarily because of the security or low risk. We ought not to rock that boat unnecessarily. I rise in concern on this amendment to the Postal Treasury bill because it is an amendment prohibiting monies being spent on a proposed regulation; and I do believe that is fraught, if in fact this practice were to become popular, with really completely disrupting the rulemaking process in the administrative branch.
David Thomas: “I do believe it may have the unfortunate consequence that the gentleman from Florida has indicated, and that is that a…”
Editor's note · Context
Addressing concerns about a proposed regulation during a discussion on the Postal Treasury bill.
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