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Tks Chas. PM enroute.

Elmo

Tks, Bill. I must admit that I did not follow the early debate here, nor the precise verbiage, as I do not enjoy trying to make sense of legislative actions before something finally comes out. Doing it for a living for a while in Washington burned me out. Chas. serves us well doing that for all of us.

Elmo

Not having read the text carefully, much less having analyzed it, Chas, which of course restrains my substantive comment, before reading your post I was unaware of any serious allegation to the contrary of your analysis.

Could I ask who has raised the issue, where, and its context?

I must honestly say that I have often felt that arguing legislative history in favor of a particular interpretation of a statute at least comes close to recognizing an at least arguable ambiguity, else why do so? On the other hand, raising it at this point may sometimes be a wise step toward heading off the other side at the pass. I am compelled to admit having done the latter myself.

Tks much,

Elmo