Don Nickles: “My staff informs me it would increase from $4,050 to $5,100 under the Senator's amendment, and that would increase the…”

“My staff informs me it would increase from $4,050 to $5,100 under the Senator's amendment, and that would increase the cost by 48.2 percent. It is not just the maximum amount of the award. The maximum amount of the award would be going up some 20-odd percent, but there are a lot of awards, not just at that amount but also at other amounts. That is a very significant increase, 48 percent in 1 year. Funding has gone up dramatically in this program, as I just mentioned. When there is an increase from $8.7 billion under our resolution to $13 billion--and looking at the Senator's amendment it would increase that amount from $13 billion an additional $4.9 billion.”