Politics

On the Agenda

This week the House faces a busy schedule to address several looming deadlines. On Thursday the House will begin consideration of Rep. Barney Frank?s Make Bailouts Permanent bill, a bill that seeks to overhaul the financial service sector with new government regulations and mandates. Also on the floor this week is an extension of several expiring tax breaks such as the production tax credits and the possible consideration of the omnibus appropriation package.

This week Mike is urging Secretary Geithner, President Obama and Speaker Pelosi to allow the unused and returned money from the Trouble Asset Relief Program (TARP) to be put towards paying down the deficit. Recently, Bank of America and several larger banks are repaying the funds from TARP. Mike wants to ensure this borrowed money is not recycled and that TARP is formally ended. President Obama is proposing that the unused and returned funds go towards another stimulus. Austin Weatherford- Senior Legislative Assistant to Rep. Mike Conaway

Full post as published by Mike Conaway's Blog on December 08, 2009 (boomark / email).