OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Tarp Reform and Accountability Act of 2009

Floor Speech

Date: Jan. 15, 2009
Location: Washington, DC
Issues: Business and Consumers Government Budget and Spending


TARP REFORM AND ACCOUNTABILITY ACT OF 2009 -- (House of Representatives - January 15, 2009)

BREAK IN TRANSCRIPT

Mr. MORAN of Kansas. I thank the gentleman from California for yielding.

I am here about a specific provision that was initially in the legislation that we are going to address today. In fact, I came to that realization over the weekend and I contacted the gentleman from Massachusetts (Mr. Frank), who was kind enough to return my phone call this past weekend. And as a result of an effort by many in this Congress, this provision has been removed. And I am here to commend the gentleman from Massachusetts and my colleagues on the Rules Committee for making in order a manager's amendment that will eliminate a provision that denies the opportunity for those who receive funds under TARP from owning general aviation aircraft.

BREAK IN TRANSCRIPT

Mr. MORAN of Kansas. Reclaiming my time. Again, I appreciate it for two reasons; a person who represents very rural America where air service is very limited, and someone who is from Kansas that represents the general aviation industry, which is very dominant. We are very appreciative of the fact that the provisions which would reduce employment in the aircraft industry and eliminate the opportunities for businesses to remain in rural America is stricken from this legislation in the manager's amendment.

BREAK IN TRANSCRIPT


Source
arrow_upward