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Pelosi Says Emergency Aid For Autos Will Not Delay Advanced Technology Initiative

December 5, 2008
Washington, D.C.-- Speaker Nancy Pelosi issued the following statement tonight on emergency, short-term funding for the American automobile industry:

"Congress is considering various short term funding options for the American automobile industry.  We will not permit any funds to be borrowed from the advanced technology program unless there is a guarantee that those funds will be replenished in a matter of weeks so as not to delay that crucial initiative.  Regardless of the source, all funding needs will be tightly targeted with vigorous supervision and guaranteed taxpayer protection."