The news sources I've read seem to be devoid of direct references to parts of this mega-bill the Senate just passed, so I decided to give it a quick skim. The items on the list are the ones that caught my eye as cause for concern.
You can grab
the bill via C-SPAN
SEC. 101. PURCHASES OF TROUBLED ASSETS.
(c) Necessary Actions (especially 1 and 3)
SEC 107 CONTRACTING PROCEDURES.
(a) Streamlined Process
(b) Additional Contracting Requirements
SEC. 113. MINIMIZATION OF LONG-TERM COSTS AND MAXIMIZATION OF BENEFITS FOR TAXPAYERS.
(d) CONDITIONS ON PURCHASE AUTHORITY FOR WARRANTS AND DEBT INSTRUMENTS
(3) EXCEPTIONS (especially (A))
SEC. 115. GRADUATED AUTHORIZATION TO PURCHASE.
(a) Authority
SEC. 119. JUDICIAL REVIEW AND RELATED MATTERS.
(a) Judicial Review
(3) LIMITATION ON ACTIONS BY PARTICIPATING COMPANIES
SEC. 122. INCREASE IN STATUTORY LIMIT ON THE PUBLIC DEBT.
SEC. 125. CONGRESSIONAL OVERSIGHT PANEL.
(c) Membership
(2)
PAYSEC. 136. TEMPORARY INCREASE IN DEPOSIT AND SHARE INSURANCE COVERAGE.
(a) Temporary Increase in Deposit Insurance
(1) INCREASED AMOUNT
DIVISION B—ENERGY IMPROVEMENT AND EXTENSION ACT
(all of this division)
DIVISION C—TAX EXTENDERS AND ALTERNATIVE MINIMUM TAX RELIEF
(all of this division)
Please consider taking a look at just the table of contents for Division B and C.
Then, decide for yourself (regardless of their relative merit), whether they have anything to do with Division A.
If anyone has any comments or questions about the sections above, or issues of their own with this bill, feel free to post them here for discussion or contact your state representatives.
