[Congressional Record Volume 141, Number 24 (Tuesday, February 7, 1995)]
[House]
[Page H1298]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                  INTRODUCTION OF HOUSE RESOLUTION 57

  (Mr. TAYLOR of Mississippi asked and was given permission to address 
the House for 1 minute.)
  Mr. TAYLOR of Mississippi. Mr. Speaker, I would like to use this 1-
minute to inform my colleagues that within a matter of minutes this 
House will be given the privilege that the President of the United 
States did not give us; and that is, to decide for ourselves whether or 
not we thought the Mexican bailout was a good idea.
  The privileged motion that will be before the House in just a few 
minutes is to require the comptroller general to tell us if the law was 
obeyed when the President used $20 billion from the stabilization fund 
to bail out Mexico. It will further give us a report of all the 
transactions for the past 24 months so that we can have some sort of an 
idea if this is being done on a daily basis, has become a regular 
thing, or something of a one-time thing.
  Getting to what the gentleman from Indiana [Mr. Burton] said, there 
is a reason for getting this information. First, we have to isolate the 
problem so that later in this session we can offer a solution. And the 
solution to that should be that this fund, like every other fund in the 
budget, has to be appropriated.
  Members of Congress have to know how much is in it, what are our 
risks, and there ought to be an up or down vote by this body as to 
whether or not this should exist.
  First of all, we need the information to show the American people 
that the purpose of this fund has been abused.


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