Shelley Moore Capito: “I have no opposition to Mr. Matheson's amendment. I just want to go back to the last point we were taking about with Mr.…”

“I have no opposition to Mr. Matheson's amendment. I just want to go back to the last point we were taking about with Mr. Manzullo, the gentleman from Illinois. His amendment was putting forth the fact that if there is a loan to the State under these provisions that if they were in default or were not repaying their loan that there shouldn't be any further loans. And the gentleman offered me a clarification by reading me some text. On further looking at the text, yes, the text does say that the Secretary of the Treasury requires full payment of the loan; but it also says that the Secretary can then determine that if full repayment is not made or is unlikely to be made, that the only punishment or the only enforcement mechanism is the Secretary will then submit a report to the Congress explaining why repayment is not being made. It does not state in here, at least to my mind in the way I read it, that that State would be precluded from being able to attain another or further loan under the provisions of this bill. I appreciate the opportunity to make that clarification. I think it strengthens Mr. Manzullo's amendment, which I fully support. And, again, I thank the gentleman for his indulgence.”