Political Quotes

“I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 55, after line 24, insert the following new section: SEC. 202. GUARANTEED UNDERWRITING USER FEE. Section 502 of the Housing Act of 1949 (42 U.S.C. 1472) is amended by adding at the end the following new subsection: ``(i) Guaranteed Underwriting User Fee.-- ``(1) Authority; maximum amount.--The Secretary may assess and collect a fee for a lender to access the automated underwriting systems of the Department in connection with such lender's participation in the single family loan program under this section and only in an amount necessary to cover the costs of information technology enhancements, improvements, maintenance, and development for automated underwriting systems used in connection with the single family loan program under this section, except that such fee shall not exceed $50 per loan. ``(2) Crediting; availability.--Any amounts collected from such fees shall be credited to the Rural Development Expense Account as offsetting collections and shall remain available until expended, in the amounts provided in appropriation Acts, solely for expenses described in paragraph (1).''. The Acting CHAIR. Pursuant to House Resolution 594, the gentleman from Texas (Mr. Hinojosa) and a Member opposed each will control 5 minutes. The Chair recognizes the gentleman from Texas.”