WashingtonWatch.com Digest – December 1, 2008
Posted by Jim Harper, December 1, 2008 at 10:00 am
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During Congress’ recent post-election meeting, several bills were introduced to manage the financial services bailout. But the bailout legislation already passed, and bills introduced now won’t do anything. It’s discussed in a WashingtonWatch.com blog post called Ready, Vote, DEBATE!
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Congress was out last week for the Thanksgiving holiday and will not return until the week of December 8th.
A likely subject when it does come back is support for the ailing auto industry. Among many bills being considered is H.R. 7297, the Emergency Automobile Industry American Jobs Protection Act of 2008.
The bill would allow bailout funds to go to the “Big Three” automakers only if they would not relocate jobs to foreign countries, and if auto dealerships and suppliers would also benefit. H.R. 7297 is only one of many bills, and the ideas in it may or may not go into any final proposal.
H.R. 7297
The Emergency Automobile Industry American Jobs Protection Act of 2008
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Perspectives on an Auto Industry Bailout - The WashingtonWatch.com Blog
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