Understand how much of a hole its going to blow into the Housing Production but i expect that there are other unintended consequences by twhesm just found out last night that wind and solar will also have the same issue in being impacted by this. I hope we can adopt my amendment and fecks this. I hope we can slow down and understand this important part of our tax code. Thank you, mr. Chairman. Senator grassley. Mr. Chairman, members of the committee, im not going to vote for this amendment but i do appreciate that she brings up an issue that we better be very, very certain about, not only because of low Income Housing but also because of Renewable Energy and she mentioned wind and solar, something that should not be touched, and it is hurt very badly in the house bill. Shouldnt be tutched by any of this stuff. We made an agreement three years ago to be in transition get rid of the tax credit 20, olar 21, for wind in and as i indicated yesterday or two days ago in our discussion in my v
The funding does not come from congress. It comes from transfers. This is 600 million without congressional oversight over the agencies fund. Congressional oversight is a constitutional function. This agency has proven it is not a good steward for expenses. A prime example, the cost overruns of the headquarters currently. Inspector general estimated a cost overrun of that renovation. Current estimates put it at 600 per foot. That is more per square foot than the cost to build the bellagio casino. I enter it in for consideration. Thank you. Mr. Chairman. Senator enzi sanders. Senator sanders i speak in opposition to this. No other bank is subjected to regular appropriations. It is one way of singling out the one regulator which is a consumer advocate and this amendment would weaken an important agency. The copd has been successful. It has helped consumers who will receive relief from unsafe financial services. It has ordered consumer relief. I would urge a no vote on this of amendment.
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