[Congressional Record Volume 141, Number 14 (Tuesday, January 24, 1995)]
[House]
[Page H555]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


            MEXICAN BAILOUT SAID TO DEPEND ON HILL APPROVAL

  (Mr. DeFAZIO asked and was given permission to address the House for 
1 minute.)
  Mr. DeFAZIO. Mr. Speaker, unlike the allegations of the earlier 
speaker, the gentleman from Indiana, I do not want to slow down the 
contract. I am eager to debate the contract on the floor. I would even 
like to debate it in the committee. I would even like to have an open 
process, as has been promised in committee and on the floor, and let 
the sunshine in. But we are going to have to remove some of the gag 
rules being imposed by the new Republican majority before we can do 
that.
  But there is one thing I do want to stop dead. I want to stop dead 
the misbegotten bailout of the Mexican economy and those who have been 
speculating so lucratively in Mexico. It was proposed by President 
Clinton, but now it is being quietly manipulated through Congress 
behind closed doors by Speaker Gingrich and Majority Leader Dole.
  Here is the headline in the Washington Times: ``Gingrich Sees Hill 
Approval of Mexican Bailout.''
  If this bailout passes this body, it will be Speaker Gingrich's 
version of a bailout, not President Clinton's. I ask the Members to 
defeat the bailout, no matter whose it is.


                          ____________________