[Congressional Record (Bound Edition), Volume 147 (2001), Part 3]
[House]
[Page 4105]
[From the U.S. Government Publishing Office, www.gpo.gov]



               FUNDING NEEDED FOR NEW MARKET INITIATIVES

  (Mr. DAVIS of Illinois asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. DAVIS of Illinois. Mr. Speaker, last year we spent a great deal 
of time, energy and effort developing a new markets venture capital 
program with enthusiastic support from President Clinton and Speaker 
Hastert. When I look at the current President's budget for 2002, it 
provides no money at all for these initiatives to spur economic growth 
and development in disadvantaged inner city and rural communities.
  Today, we are going to hear a great deal about faith as a way of 
dealing with the needs, hopes and aspirations of the disadvantaged. I 
say that faith without money is shallow. Let us keep the faith and fund 
these new market initiatives for inner city and rural disadvantaged 
communities.

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