Political Quotes

“Mr. Chair, I have a second amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 454, insert after line 23 the following (and conform the succeeding section accordingly): SEC. 5114. STUDY AND REPORT ON SMALL DOLLAR FINANCING PROGRAM. (a) Study and Report.--Not later than 2 years after the completion of the first election cycle in which the program established under title V of the Federal Election Campaign Act of 1971, as added by section 5111, is in effect, the Federal Election Commission shall-- (1) assess-- (A) the amount of payment referred to in section 501 of such Act; and (B) the amount of a qualified small dollar contribution referred to in section 504(a)(1) of such Act; and (2) submit to Congress a report that discuses whether such amounts are sufficient to meet the goals of the program. (b) Update.--The Commission shall update and revise the study and report required by subsection (a) on a biennial basis. (c) Termination.--The requirements of this section shall terminate ten years after the date on which the first study and report required by subsection (a) is submitted to Congress. The Acting CHAIR. Pursuant to House Resolution 172, the gentlewoman from Pennsylvania (Ms. Scanlon) and a Member opposed each will control 5 minutes. The Chair recognizes the gentlewoman from Pennsylvania.”