[Congressional Record Volume 151, Number 49 (Thursday, April 21, 2005)]
[Extensions of Remarks]
[Page E728]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    WHATEVER IT TAKES TO REBUILD ACT

                                 ______
                                 

                        HON. CAROLYN B. MALONEY

                              of new york

                    in the house of representatives

                        Thursday, April 21, 2005

  Mrs. MALONEY. Mr. Speaker, today I am introducing the ``Whatever It 
Takes To Build Act'' with Representatives Owens, Israel and Serrano of 
New York.
  This legislation would remove a $5 million cap placed on the 
Community Disaster Loan program that provides communities with lost tax 
revenues following disasters. This cap was added in 2000. Prior to 
2000, no cap was in place and several communities received in excess of 
$5 million from the Federal Government for lost tax revenues, to 
recover from disasters.
  Right after 9/11, the President promised New York City that he would 
do whatever it takes to rebuild. While he and the Congress has provided 
billions in relief, much more still needs to be done to make New York 
City whole. The new GAO report shows that we are still suffering 
significant tax losses. Lack of this revenue forces New Yorkers to 
payout of their pockets again and again for the attacks of 9/11 or 
suffer the loss of essential services. New Yorkers should not be forced 
to bear this burden alone. That is why I am introducing the Whatever It 
Takes to Rebuild Act and I implore the Congress and the President to 
support this legislation. I urge my colleagues to support this 
important legislation.

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