On the recordMay 12, 1994
I want to thank my esteemed colleague from West Virginia for working with me to ensure that this important provision was included in the final version of the bill. I want to also thank the gentleman for placing in the bill a provision that directs the EDA to study all of EDA's financing tools-- including unfunded programs that were originally authorized under title II of the Economic Development Act. One of the title II programs that I strongly support would allow the EDA to buy down the interest rates on economic development loans to small businesses. This is an initiative that I brought to the Congress for 7 years. I strongly support this program, and I would hope that in studying their financing tools the EDA would find a way to implement this worthwhile title II program.
Source
govinfo.gov
