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Making Treasury Accountable (Rep. John Boozman)

I recently signed a discharge petition, which is a process to force a bill out of committee and be brought to the House floor for a vote. H.Res. 251 directs the Secretary of the Treasury to transmit to the House of Representatives, no later than 14 days after the date of the adoption of the resolution, copies of any portions of all Department of the Treasury documents, records, and communications referring or relating to any:

·  Negotiation concerning the controlled break-up of the American International Group, Inc. into at least 3 Government-controlled divisions;

·  Negotiation concerning any additional assistance under title I of the Emergency Economic Stabilization Act of 2008 [PDF] (12 U.S.C. 5201 et seq.) or other program administered by the Secretary to such corporation; or

·  Government communication or authorization for payment of any pre-existing bonus contract with any executive of the American International Group, Inc.

Hardworking American taxpayers deserve to know what the Treasury Department is doing with their money and I am hoping we can all get those answers.

Tags 110th United States Congress American International Group Business Economics Economy of New York City Economy of the United States Emergency Economic Stabilization Act Financial services HM Treasury John Boozman Late-2000s financial crisis Politics Social Issues Troubled Asset Relief Program United States federal banking legislation

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