Rogers Helps Launch Gulf Coast Recovery Bonds

Rogers Helps Launch Gulf Coast Recovery Bonds

- In an effort to help finance the long-term rebuilding of communities devastated by Hurricanes Katrina, Rita and Wilma, the U.S. Department of Treasury is now issuing "Gulf Coast Recovery Bonds." U.S. Representative Harold "Hal" Rogers, who introduced legislation authorizing the bonds, joined with Treasury Secretary John Snow today to launch the bonds.

"What happened along the Gulf Coast last year is unlike anything our nation has ever seen," said Representative Rogers, chairman of the House Homeland Security Appropriations Subcommittee. "In the wake of this tragedy, it has been heartening to see people open up their pocketbooks to make generous donations to relief organizations. With hundreds of thousands of Americans still facing extraordinary challenges and years of rebuilding, many people want to know what else they can do to help. Gulf Coast Recovery Bonds provide a safe investment and an assured means of contributing to the long-term reconstruction of communities and neighborhoods devastated by Hurricanes. It is my hope that every American will seize this opportunity to invest in the recovery of our neighbors along the Gulf Coast."

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http://halrogers.house.gov/Read.aspx?ID=60