Political Quotes

Bob Wise: “Section 117 of the substitute amendment requires the Secretary of Commerce to conduct a study of innovative economic…”

On the recordMay 12, 1994
Section 117 of the substitute amendment requires the Secretary of Commerce to conduct a study of innovative economic financing tools. Under this provision, EDA will review its title II authorities and other financing tools to determine what role these tools could play to complement EDA's grant authorities. We expect EDA to review all financing tools including the buy down of interest rates which the gentleman strongly supports. Within 1 year, the Secretary shall report to Congress on the results of the study and make recommendations on whether financing programs should be authorized.
Said by
Bob Wise
West Virginia
Source
govinfo.gov

Editor's note · Context

Discussing a provision in an amendment related to economic financing tools.

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