Moynihan, however, was now Counselor to the President for Urban Affairs in the Nixon administration in 1969, where he continued to provide leadership on the rejuvenation of Pennsylvania Avenue. Moynihan now proposed a major shift in the redevelopment plan: Rather than funding redevelopment solely with federal funds, he suggested creating a government-owned corporation with a $200 million revolving fund to spur redevelopment along Pennsylvania Avenue. Interested in seeing some redevelopment occur before the Bicentennial celebrations in 1976, Congress took up Moynihan's plan in August 1970. But extensive controversy still raged over many aspects of the plan, as well as Nathaniel Owings' role in redevelopment plans. President Nixon made a daytime walking tour of Pennsylvania Avenue on September 8, 1970, and expressed his support for the Moynihan plan. But the bill, opposed by local housing advocates and businessmen as well as budget-conscious legislators, stalled in Congress for two years. In early 1972, Nixon once more signaled his strong support for the bill as a Bicentennial measure. In April, Democratic Representative Wayne N. Aspinall, chair of the House Committee on Natural Resources, and Republican Rep. John P. Saylor, the committee's ranking minority member, co-sponsored a bill which provided for a 15-member commission advised by a committee of landlords and tenants from the affected area. The master plan created by the new commission would have to be reviewed by Secretary of the Interior and relevant D.C. government agencies before being submitted to Congress, which would have 60 days to disapprove the plan by a majority vote of either house. The legislation authorized the new corporation to spend up to $1 million preparing a master plan, and authorized it to borrow up to $50 million from the Treasury or private sources to fund redevelopment. Congress approved the revised bill in October 1972, President Nixon signed the bill into law on October 30, 1972.