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National Taxpayers Union Vote Alert

NTU urges all Senators to vote “YES” on Amendments #1016 and #1026 to the Housing Bill, S. 896. Offered by Senators Vitter and DeMint, respectively, these amendments would add some sorely needed taxpayer protections to the Troubled Asset Relief Program (TARP), which has been a miserable failure so far.

Senator Vitter's Amendment #1016 would simply allow banks that are properly capitalized to return TARP funds to the Treasury (and thus, the American taxpayer) without huge amounts of red tape. This no-brainer of an amendment would ensure that taxpayer dollars are not trapped by bureaucratic strictures in businesses that don’t need them.

Senator DeMint's Amendment #1026 would put the brakes on the appalling trend toward nationalization of the banking sector by preventing the federal government from using TARP funds to purchase common stock in failing businesses.

"YES" votes on Amendments #1016 and #1026 to the Housing Bill are the pro-taxpayer positions and will be significantly weighted in our annual Rating of Congress.

If you have any questions, please contact
NTU Director of Government Affairs Andrew Moylan at (703) 683-5700
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