This amendment also reforms administrative and operating reimbursements that the government pays to private insurance companies by capping those payments at $900 million, which is a fairly moderate cap and below what's currently being spent. It also lowers the reimbursement to insurance companies to the President's target of 12 percent return from 14 percent return.
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I encourage all Members to support this bill, and I yield back the balance of my time.
Our infrastructure, our transportation system has been the foundation of our economic greatness in this country, and we need to step up and demand that we find a way to continue to finance it.
I have always felt that simple, universal, income-based repayment has the potential to accomplish the goals of the various protections we have created.
In closing, I would like to reiterate that this bill is about good government, about creating a regulatory environment that improves safety at a fraction of the cost, and ultimately about helping to revitalize an American industry. I…
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