Lloyd Bentsen: “The House also adopted language that allowed States to opt out of the cap on the exemption of homestead. This is…”

“The House also adopted language that allowed States to opt out of the cap on the exemption of homestead. This is something that the Federal Government has allowed the States to determine since the founding of the country. What I would ask the distinguished chairman is whether or not the conference report, which we do not know, have not seen, that someone has written somewhere, overrides the will of the House that overwhelmingly passed the manager's amendment that included this opt out? Does this conference report override State law and State constitution with respect to homestead?”