On the recordMay 23, 2001
today, I rise on behalf of legislation which I have introduced with Senator Joe Lieberman, S. 592, The Savings Opportunity and Charitable Giving Act of 2001. Other bipartisan cosponsors of the underlying bill include Senators Hutchinson, Durbin, Brownback, Landrieu, Lugar, Bayh, DeWine, Miller, Kyl, Johnson, Bob Smith, Sessions, and Cochran. The amendment number is 655. I am disappointed that we have not included in H.R. 1836 the key tax relief provisions of the President's Faith-Based Initiatives to expand charitable giving opportunities and incentives for all Americans and expansion of savings opportunities through Individual Development Accounts (IDAs) which President Bush also endorsed in his campaign and included in his budget. Just yesterday, in a speech at Notre Dame University, President Bush reaffirmed his vision and support for these initiatives in the effort to enable the community renewal and poverty alleviation efforts throughout this country. I will continue to work with the President and my colleagues to create additional opportunities to advance this initiative this year.
Source
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