On the recordNovember 4, 2015
Again, I think people have a short memory of what happened with Fannie Mae and Freddie Mac and the $150 billion loss that those institutions incurred. This amendment does not end the Bank. It allows loans to continue to be made. It simply puts a firewall between a potential loss and the taxpayers. Who bears the risk of loss? The taxpayers or the entity that made the profit? I suggest that there should be phased in over time 10 percent the first year, just 10 percent--that is a miniscule ask--that those who make a profit from this Bank have a little skin in the game. Small businesses are exempted. I ask for support of this amendment. I urge my colleagues to vote ``yes.'' I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from Pennsylvania (Mr. Rothfus). The question was taken; and the Acting Chair announced that the noes appeared to have it.
