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Eb-5 Reform and Integrity Act of 2022

Floor Speech

Date: March 10, 2022
Location: Washington, DC

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Mr. KENNEDY. Madam President, I call up my amendment number--and Senator Cassidy's amendment No. 4983 and ask that it be reported by number.
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Mr. KENNEDY. Madam President, in 2020, Hurricane Laura hit Louisiana, then Hurricane Marco hit us, then Hurricane Delta hit us, then Hurricane Zeta, then Hurricane Ida--all in a period of 2 years.

Those storms caused $150 billion in damage. My amendment and Senator Cassidy's amendment will appropriate $2.5 billion in disaster aid to Louisiana. That would include $600 million for housing aid for Hurricanes Laura and Delta and $1.4 billion in housing aid for Hurricane Ida. The amendment would also provide for $500 million in funding to rebuild Louisiana ports.

I am mindful of the fact that we should make sure this aid is paid for. I would remind everyone that through the heroic efforts of Senator Schatz and Senator Cantwell, in which I played a small part, that we forced our FCC not to give away the C-band to our telecommunications industry and, instead, auctioned it out, in which case it brought in $81 billion.

And I think we can spare a little bit of that for people who lost their homes and businesses through no fault of their own.
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