Thank you, Mr. Hall. Mr. Chairman, I rise to support my amendment. Mr. Chairman, my amendment is very straightforward. To be blunt, I'm asking this body to show the tiniest sliver of fiscal restraint to freeze the authorization levels that…
Thank you, Mr. Hall.
Mr. Chairman, I rise to support my amendment.
Mr. Chairman, my amendment is very straightforward. To be blunt, I'm asking this body to show the tiniest sliver of fiscal restraint to freeze the authorization levels that this bill outlines at next year's levels.
As the bill is currently written, next year this body will authorize $550 million for advanced vehicle technology. This is money in addition to the billions of dollars in funding already authorized and made available to the auto industry in the Energy Independence and Security Act of 2007, and the millions more made available to them just this year in the nonstimulus bill.
Starting in 2011, and for the next 3 years, this authorization calls for $10 million in increases for each ensuing year. Surely, Mr. Chairman, we can all agree that with all of the money out there already and with the massive increases authorized in this bill, saving $30 million is more than reasonable. Additionally, because of all the money that is already available to this program and similar programs, my amendment asks that we end this legislation's funding authorization after 2013.
Mr. Chairman, we are spending money at record rates. And with a proposed health care reform bill, a potential highway bill, cap-and- trade, and a whole slew of other bills that will be considered in the near future, there does not seem to be any end in sight. Surely we can all agree that showing just a tiny bit of fiscal responsibility is in all of our best interests.
The American taxpayers and future generations are on the hook for trillions of dollars in spending, borrowing, and interest payments over the coming decades. I'm simply asking for us to show a modicum of restraint. For simply put, isn't $550 million a year for a program that already has multiple funding sources enough? I think so.
I thank my friend, Mr. Hall, from Texas for yielding me more time.
Mr. Chairman, this legislation has support from both sides of the aisle, but as was made perfectly clear in our committee markup back in July, there are some serious concerns with the amount of money being authorized and where exactly it will go. In recent bills, such as the Wall Street bailout and the stimulus bill from earlier this year, we have provided a lack of appropriate oversight for the money being spent. I do not want to see us make the same mistake with this legislation.
Most of us can agree that developing alternative fuel cell technology is a necessary precursor to taking control of our energy consumption needs, and all of us on both sides of the aisle have that philosophy and believe in that, but simply throwing money at a problem is never a solution, and my amendment is just a good, commonsense improvement, however minor, to this otherwise very noble legislation. So I ask my colleagues to support this amendment, and I thank Mr. Hall.
Mr. Chairman, I demand a recorded vote.
Mr. Chairman, I have an amendment at the desk.
Mr. Chairman, I yield myself such time as I may consume and rise in support of my amendment.
(Mr. BROUN of Georgia asked and was given permission to revise and extend his remarks.)
Mr. Chairman, this amendment is very straightforward. In fact, it's just a small technical correction to the bill. As the bill is written, there are two titles. The first is specific to commercial and passenger vehicles, and the second is to medium-size and heavy duty vehicles. Both sections obviously deal with advanced vehicle technologies, but only one has a reporting requirement, title II. My amendment adds a reporting requirement to title I as well.
If enacted, the Secretary of Energy will have to submit an annual report to the relevant congressional committees on the implementation, progress, and long-term goals of this program.
This legislation authorizes a large amount of taxpayer dollars to a program that, like every other government program, is susceptible to waste, fraud, and abuse. The easiest way to combat that is through diligence and a certain amount of oversight and transparency. My amendment fits both of these requirements.
Mr. Chairman, we need to exercise more caution with where taxpayer dollars are being spent. That entails both doing more research about the programs that we are funding before we write and pass legislation as well as exercising our oversight responsibilities after the money has been authorized. This amendment is very simple. The simple technical corrections go directly towards fulfilling the latter objective.
Mr. Chairman, I reserve the balance of my time.
I thank the chairman. He has been a great chairman for us, and I enjoyed working with Chairman Gordon on this issue. My dear friend from Texas, our ranking member, Mr. Hall, would like to speak, so I yield him 2 minutes. And I just very much appreciate the Chairman's acceptance of my amendment.
Mr. Chairman, again, I thank Chairman Gordon for accepting my amendment. I greatly appreciate it. I think this is a commonsense amendment. It will offer more transparency and more accountability, which I think we ought to do in all legislation we pass. Unfortunately, there is not a lot of that around here with multiple branches of the Federal Government. I thank the chairman for accepting my amendment.
I urge a ``yes'' vote for everybody.
I yield back the balance of my time.