the vote on this measure was close, as has been noted. Since that time, I believe we have persuaded others to join us in advocating this amendment. The amendment has been compromised to the point that specifically we have spelled out in the compromise version that is before the Senate right now a very clear, bright-line test of what substantial investment is. It is easy and clear to work with. I think we have addressed the problems. I am confident we have the votes. However, because of the urgency of the particular underlying measure that is here, some Members whose votes we need and count on are unable to support this amendment because they fear it would bring controversy to the bill. It is, therefore, necessary for me to reluctantly withdraw this measure. I must mention, Mr. President, it does seem to me this is the appropriate kind of thing that ought to be considered on a prompt basis. Literally, to fail to act costs consumers $5 million or more a day, and literally if we fail to act very promptly, the issue becomes moot because the time simply runs out. I believe in fairness to companies that have reinvested, and, in fairness to consumers, we should and must act quickly. I simply want to serve notice that we will be looking for other vehicles to offer on this floor in a rather prompt fashion. With that, I reluctantly withdraw the amendment.
On the recordApril 18, 1996
Source
govinfo.govEditor's note · Context
Discussing the withdrawal of an amendment due to concerns about its impact on a related bill.
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