On the recordSeptember 5, 1996
I am rising today about an issue that deals with the 504 program and some perceptions and guesstimates by the OMB that I think are troublesome and could be problematic, and I will be offering an amendment in this regard, and I am glad to have the support of the ranking member, and I want to explain it briefly. For example, the 504 program has been very cost effective. It spurred the economies of Ohio and the Nation, and over the past 10 years over $5 billion in 504 program loans have helped create over half a million jobs, more than 47,000 in Ohio alone, Mr. Chairman. But the recent OMB evaluation will severely undermine the viability of this particular program. In my opinion, the evaluation underestimates the program's strength and overestimates its weaknesses.
Source
govinfo.gov
