Press Releases
H.R. 7276 requires Congress to vote on Treasury plans for utilizing the second $350 billion allocation available to the Secretary. The bill stipulates that no funds could be spent until after Congress passes a resolution that specifically approves of the Treasury's plan. Under the current law, the Treasury Department can spend funds without the approval of Congress.
"I could not ask my constituents to pay for this corporate bailout because it fails to fundamentally address the problems that caused the current credit crisis. The bill shifts debt and risk from the private sector to the federal government while freeing up lenders to continue engaging in the same risky practices that caused this problem.
NFIB President and CEO Todd Stottlemyer praised Rep. Bilirakis for "standing for small business." In presenting the group's coveted Guardian of Small Business award, Stottlemyer said, "Small business owners pay close attention to how their lawmakers vote on the issues affecting their businesses and employees and stand by those who stand for them."
"Today's vote is a victory in the fight to locate missing seniors," Bilirakis said. "Passage of this bill brings Florida and other states without these life-saving systems one step closer to improving their ability to find missing seniors in the crucial few hours after they go missing."