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Blog Post
December 10, 2008
Chairman Barney Frank has introduced HR 7321, the Auto Industry Financing and Restructuring Act to address the American auto industry's request for financial assistance. The legislation provides up to $14 billion in short-term bridge loans and includes accountability measures banning corporate excesses, including no golden parachutes, no bonuses for the 25 most highly paid employees at each company, and no corporate airplanes, with requirements to sell or end leases on any existing aircraft.
A detailed summary of HR 7321 from the Financial Services Committee:
President's Designee
Blog Post
December 10, 2008
Today, the House Financial Services Committee is holding a hearing to examine oversight concerns regarding the Treasury Department's conduct of the Troubled Asset Relief Program (TARP). This hearing follows the release of two Congressionally mandated oversight reports by the Government Accountability Office (GAO) and the Congressional Oversight Panel for Economic Stabilization on the Treasury Department's implementation of TARP.
Read the reports:
GAO: Additional Actions Needed to Better Ensure Integrity, Accountability, and Transparency
Press Release
December 10, 2008
"With the talent and intellect of this distinguished group of Members, the 111th Congress will take America in a New Direction that restores our economic security, creates jobs, and invests in America's future."
Press Release
December 10, 2008
"Today we are considering legislation not as life-support to sustain a dying industry, but a jump start for an industry that is essential to our country's economic health. One in 10 American jobs is linked to the domestic auto industry, and it is a key pillar in an American manufacturing sector critical to our national security and economic competitiveness for decades to come."
Speech
December 10, 2008
"Today we are considering legislation not as life-support to sustain a dying industry, but a jump start for an industry that is essential to our country's economic health. One in 10 American jobs is linked to the domestic auto industry, and it is a key pillar in an American manufacturing sector critical to our national security and economic competitiveness for decades to come."
Press Release
December 10, 2008
"Today we recognize International Human Rights Day and renew our call to protect and uphold the principles and ideals upon which America was founded."
Blog Post
December 9, 2008
Energy and Commerce Chairman John Dingell and Rep. Bart Stupak, Chairman of the Subcommittee on Oversight and Investigations, released a report today entitled, "Deception and Distrust: The Federal Communications Commission Under Chairman Kevin J. Martin." The report details findings of the Committee's bipartisan investigation relating to the Federal Communications Commission (FCC) under Chairman Kevin Martin.
Blog Post
December 9, 2008
This morning the Select Committee on Energy Independence and Global Warming is holding a hearing to examine the energy independence implications of assistance to the U.S. auto industry currently under consideration by Congress.
From the Select Committee:
Press Release
December 9, 2008
"Following the historic second House wave election and the election of President-elect Barack Obama, there is no better choice for Assistant to the Speaker and DCCC Chairman than Chris Van Hollen."
Press Release
December 9, 2008
Speaker Nancy Pelosi, incoming House Democratic Caucus Chairman John Larson and other Democratic leaders held a press availability this afternoon following an issues forum on Capitol Hill today.