As I stated during a Commerce Committee hearing on September 2, 2003 regarding this issue, the original lease transaction is nothing more than a complex, byzantine transaction that obscured the true cost of the tankers, reduced the transparency of the arrangement, and would unnecessarily cost American taxpayers billions of dollars. I commend the Senator from Arizona for his watchful eye over the negotiation and execution of this tanker deal. I also commend Senators Warner and Levin for brokering the compromise agreement and putting the public interest ahead of a powerful special interest.
Scott Fitzgerald: “As I stated during a Commerce Committee hearing on September 2, 2003 regarding this issue, the original lease…”
Editor's note · Context
Discussing concerns over a tanker lease transaction and its impact on taxpayers.
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