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Frank Seeks New Conditions for Bailout Money

January 11, 2009 - by Donny Shaw

As leaders in Congress continue to work out the details of the economic stimulus package with President-elect Barack Obama, congressional Democrats are pushing to attach new strings to the second $350 billion of financial bailout money. This week, the TARP Reform and Accountability Act, which was introduced last Friday by Financial Services Committee Chairman Barney Frank (D-MA), will be the subject of a committee hearing and, if time allows, will be brought in front of the full House for debate and voting. It would add new oversight provisions to the financial bailout program and set aside a portion of the money to be used for foreclosure prevention.

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The First Ten Bills of the 111th Senate

January 8, 2009 - by Donny Shaw

These first 10 Senate bills are mainly symbolic. They're a statement of the Democrats' legislative priorities at this point for the next two years, but any legislative action that's taken on these measures could very well come in a different form. The first ten Senate bills of the last session included some measures that were enacted (minimum wage increase, ethics reform), some that were vetoed by President Bush (funding for stem cell research) and some that were hotly debated but never passed Congress (comprehensive immigration reform).

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