[Congressional Record Volume 141, Number 15 (Wednesday, January 25, 1995)]
[House]
[Page H601]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




               RUSH TO JUDGMENT ON MEXICAN LOAN GUARANTEE

  (Mr. MENENDEZ asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. MENENDEZ. Mr. Speaker, the Contract With America does not include 
a $40 billion bailout provision for Mexico, and, therefore, I cannot 
fathom the need to rush to judgment that we are seeing in this House.
  This proposal is moving faster than a bullet train without brakes, 
and we are talking about $40 billion of U.S. loan guarantees.
  Now, there is a hearing today, but it is only with administration 
witnesses. No dissenters need apply. The International Relations 
Committee, I understand, is holding no hearings. They are going to go 
direct to the Rules Committee and on to this floor.
  Each Member has a fiduciary responsibility to the taxpayers of this 
country, and it is not to rush to judgment on $40 billion of loan 
guarantees. We heard the Mexican Government say they want no 
conditions. I cannot go to a bank, you cannot go to a bank and say you 
want to impose the conditions under which you get a loan.
  Mr. Speaker, let us not rush to judgment. Let us think about what we 
are doing. Let us exercise our fiduciary responsibility.

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