On the recordJuly 23, 2024
Madam Chair, I rise to oppose the gentleman's amendment. In my view, the elimination of this funding would hurt Federal oversight of the billions in loans the Advanced Technology Vehicles Manufacturing Program has already given. These funds are primarily used for portfolio management and financial oversight. No new loan authorities are provided in this bill. ATVM loans will be repaid for many years in the future. Eliminating this funding puts the ability of the government to receive these payments in jeopardy. We must ensure proper oversight of taxpayer funding. For these reasons, I must oppose the gentleman's amendment, and I reserve the balance of my time.
