On the recordMay 12, 1994
I would ask that my bill would perhaps be reviewed for a hearing next year, and let me say this, Congress: We do not have enough money to give every troubled city, but we could buy down interest rates. The banks do it the old-fashioned way. The banks put up their money to help some economic development, and I am going to ask that that be brought for a hearing next year and that bill be given some consideration. Mr. Chairman, I want to thank the Committee on Banking, Finance and Urban Affairs, the gentleman from West Virginia [Mr. Wise], the gentlewoman from New York [Ms. Molinari] for all the help they have given me on this.
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