Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 5730) to rescind earmarks for certain surface transportation projects. I yield myself such time as I may consume. Mr. Speaker, today I rise in support of my bill, H.R. 5730,…
Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 5730) to rescind earmarks for certain surface transportation projects.
I yield myself such time as I may consume.
Mr. Speaker, today I rise in support of my bill, H.R. 5730, the Surface Transportation Earmark Rescission, Savings, and Accountability Act. The bill will eliminate a total of $713 million in contract authority for 309 old transportation earmarks. In short, this bill will prevent our deficit from rising by another $713 million.
In today's fiscal climate, we must be judicious in our spending. And my legislation follows the commonsense principle of use it or lose it.
Before I came to Congress, I owned several small businesses. One of my businesses was a small coffee and ice cream shop called Huckleberry's. With a shop that sells food, the use it or lose it principle is intrinsic. We would not buy more perishable foods than we would sell; otherwise, we were at a loss.
Every small business owner knows that when you are working on a tight budget, you cannot afford wasteful spending. And that, Mr. Speaker, is exactly what these earmarks are. By targeting these earmarks, my legislation will deliver real savings.
H.R. 5730 is one step towards the ultimate goal of reducing our Nation's deficit. By rescinding unused earmark funds from over 20 years ago, we will be improving the way in which Federal funds are managed while proving our commitment to fiscal discipline.
In today's economy, it is essential that we manage taxpayer dollars well, especially with respect to transportation funding. We will never be able to adequately address the investment gap in transportation infrastructure if we do not curb unnecessary spending.
To promote responsible future funding, my bill also requires the Secretary of Transportation to submit an annual report that identifies each project authorized under TEA-21 in SAFTEA-LU that contains inactive funding or that has completed in the previous year. This provision will give Congress greater oversight, and with the identification of such projects, we may be able to implement more cost- saving measures in the future.
Mr. Speaker, many of these earmarks have been on the books since 1987, and it's high time we tell the States to use it or lose it.
I reserve the balance of my time.
Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days within which to revise and extend their remarks and to include extraneous material on H.R. 5730.
Mr. Speaker, I continue to reserve the balance of my time.
Mr. Speaker, I yield 3 minutes to the distinguished gentleman from Arizona (Mr. Flake), cosponsor of the bill.
Mr. Speaker, I include in the Record a letter from the Taxpayers For Common Sense Action that was written to Mr. Oberstar, chairman of the House Transportation and Infrastructure Committee.
Taxpayers for Common Sense,
July 27, 2010.
Chairman James Oberstar,
House Committee on Transportation and Infrastructure, Rayburn
House Office Building, Washington, DC.
Dear Chairman Oberstar: Taxpayers for Common Sense, a non-
partisan budget watchdog, strongly supports a small but
important step to reduce the nation's yawning budget deficit:
the inclusion of a provision in the Federal Aviation
Administration authorization legislation that would rescind
transportation earmarks that remain unobligated ten or more
years after their authorization.
The Senate has already adopted an amendment to its version
of the bill, introduced by Sen. Russ Feingold (D-WI), which
indicates that chamber's support for this idea. A bill
introduced by Rep. Betsy Markey (D-CO) (H.R.5730--Surface
Transportation Earmark Rescission, Savings, and
Accountability Act), builds upon the Senate provision and
saves even more taxpayer dollars. Rep. Markey's proposal
identifies more than $713 million worth of unused earmarks
that can be rescinded, most of which are more than ten years
old. There may be an opportunity to rescind additional
earmarks from previous appropriations bills, which would be
worth pursuing as well.
We urge you will take this opportunity to save taxpayers
hundreds of millions of dollars and wipe these liabilities
off the books. If you would like to discuss this issue
further please contact me or Erich Zimmermann.
Sincerely,
Ryan Alexander,
President.
Mr. Speaker, I yield back the balance of my time.
Mr. Speaker, on that I demand the yeas and nays.