Scott Fitzgerald: “State securities laws could come into play if there are airport bonds that are issued. If they had the effect of…”

“State securities laws could come into play if there are airport bonds that are issued. If they had the effect of interfering with this, could they be overridden? There are other States that are in this position, in fact, that have some State laws in this area. I have a chart. This chart was actually prepared for a different bill, H.R. 2107. That was an attempt by Congressman Lipinski in the House to preempt local and State laws regarding airport approval processes. I believe there are a total of 26 States that have some control to give approval to local airport projects. Of course, Illinois is one of them, and all these other States--in fact, Mr. President, some of your neighboring States--Pennsylvania, Maryland, Delaware, New Hampshire, Vermont, Massachusetts, Missouri, Indiana, Michigan, Wisconsin, Iowa, Minnesota, North Dakota, South Dakota, Nebraska, Oklahoma, Texas, New Mexico, Alaska, Utah, Wyoming, Idaho, Tennessee, Alabama, Mississippi-- they all have some State laws in this regard to regulate airports. In my judgment, it is a bad precedent for the Federal Government to begin overriding those laws.”