Randy Neugebauer: “I think one of the points I would make here is my bill does not try to kill the Housing Fund. My bill tries to say that…”

“I think one of the points I would make here is my bill does not try to kill the Housing Fund. My bill tries to say that, you know what? We're asking these entities to step up and make a big contribution, and we want to make sure that they do it in a safe and sound manner. You know, I will tell you, the problem here is that if these entities, if we do something that jeopardizes the health of these entities by taking money out of their capital structure, these entities will not be able to perform the functions that they have been performing in the marketplace. And so what this is, I believe, is a realistic approach at looking at how we begin to go down this road. Now, even the majority has put a sunset in this bill, a 5-year sunset I believe, if I am correct. What that allows us to do is we are going to see, you know, $520 million roughly over a 5-year period, we are going to see what happens to how does that Housing Fund perform, how does that impact the entity that is paying these monies? If we want to come back at the end of 5 years and you want to raise the cap, let's look at the cap. But let's also let the regulator look at the cap during that process and make sure that we're not doing something that is causing harm.”