Virgil H. Goode Jr.

Madam Speaker, first, I want to thank all who have worked on this measure; but I do regret that Ranking Member Bachus did not have greater opportunity for more input.

I will be voting ``no'' on this measure because this is a Band-aid approach that will not save America. We need to infuse capital into our banking system and not more Federal debt. Federal debt is not the way to go.

We also must look at the fundamental cause of encouraging those who have little chance to repay to get loans. Over-encouragement was a fundamental cause, and it is not addressed in this bill.

I hope we will vote ``no'' for a better day and a better bill.

Madam Speaker, Pursuant to the standards set forth by Republican leadership, I submit the following information for publication in the Congressional Record:

Requesting Member: Congressman Virgil Goode

Bill Number: H.R. 2638

Account: Research, Development, Test & Evaluation, Army

Legal Name of Requesting Entity: Goodyear Tire and Rubber Company

Address of Requesting Entity: 1901 Goodyear Boulevard, Danville, VA 24541

Description of Project: $800,000 for development and qualification of tires for current Stryker vehicles and next generation tires for heavier load Stryker vehicles under development.

Requesting Member: Congressman Virgil Goode

Bill Number: H.R. 2638

Account: Research, Development, Test & Evaluation, Army

Legal Name of Requesting Entity: Innovative Wireless Technologies, Inc.

Address of Requesting Entity: 1047 Vista Park Drive, Forest, VA 24551

Description of Project: $700,000 to continue development of sensors technology to detect, identify, and classify potential enemy targets for the U.S. Army.

Requesting Member: Congressman Virgil Goode

Bill Number: H.R. 2638

Account: Research, Development, Test & Evaluation, Air Force

Legal Name of Requesting Entity: NextGen Aeronautics

Address of Requesting Entity: 2780 Skypark Drive, Suite 400, Torrance, CA 90505

Description of Project: $500,000 to develop a cognitive, high altitude, long endurance unmanned aerial vehicle.

Requesting Member: Congressman Virgil Goode

Bill Number: H.R. 2638

Account: Research, Development, Test & Evaluation, Defense Wide

Legal Name of Requesting Entity: SPARTA, Inc.

Address of Requesting Entity: 890 East Rio Road; Charlottesville, VA 22901

Description of Project: $2,000,000 for Missile Technology Proliferation.

Requesting Member: Congressman Virgil Goode

Bill Number: H.R. 2638

Account: Other Procurement, Navy

Legal Name of Requesting Entity: Sperry Marine, Inc.

Address of Requesting Entity: 1070 Seminole Trail, Charlottesville,

Mr. Speaker, I too want to say welcome to Dr. Danny Davis for delivering the opening prayer this morning. His son works in the office of Congresswoman Thelma Drake. But his church, Mount Hermon Baptist

Church, is located in the Fifth District of Virginia. His predecessor, Dr. Don Davidson, in the last Congress delivered an opening prayer. And Mount Hermon Baptist Church served as the host church for the memorial services of my predecessor in Congress, the late Dan Daniel, 20 years ago.

In closing, Mr. Speaker, I would like to say that the measure passed yesterday for the Commonwealth of Virginia was a hoax and a sham. It provides no funds for the Commonwealth, for its offshore natural gas and its offshore crude oil. I have talked with members of the General Assembly. They will be very reluctant to adopt any drill policy when they are not treated the same as Texas, Louisiana, Mississippi and Alabama. We need to be fair to encourage drilling.