José E. Serrano: “Mr. Chairman, let me at the outset say that the gentleman from Virginia (Chairman Wolf) knows that I know how difficult…”

“Mr. Chairman, let me at the outset say that the gentleman from Virginia (Chairman Wolf) knows that I know how difficult it was to put this bill together and to deal with the issues that this bill takes care of. He is right, we had to move around with a smaller allocation. In fact, the gentleman from Florida (Chairman Young) was gracious enough to admit that the allocation, I think he said, was thin. Yet within that allocation, we were able to come up with a bill that I think we can all support. But in the middle of that bill, or actually at the beginning of the bill, there is this gaping hole, this problem with the SBA now. There are different views as to how much of a problem this truly represents. But the fact of life is that many people on both sides of the aisle feel that it is a problem and one that needs to be dealt with. Now, in committee, full committee, I proposed an amendment which would have provided the $79 million by declaring an emergency.”