28 September 2008

Bailout Legislation Text

Here's a PDF of the $700 billion bailout legislation. Quite a ways from Paulson's original version. What a Funway to spend a Sunday.
...(!!YAY!!)...
SEC. 114. MARKET TRANSPARENCY.

(a) PRICING.—To facilitate market transparency, the Secretary shall make available to the public, in electronic form, a description, amounts, and pricing of assets acquired under this Act, within 2 business days of purchase, trade, or other disposition.

[followup: it failed in the House (205 to 228) and somehow this guy didn't even have to vote. The Senate version is 451 pages and passed (74 to 25), the House then took their mulligan and decided to pass it (263 to 171) ]

1 comment:

Will said...

Just 12 people changing their votes would be enough to pass the bailout. By complete coincidence, that's the number of dems on Barney Frank's Finance committee who voted against it.

And they are:

Joe Baca
André Carson
Don Cazayoux
Travis Childers
William Clay
Emanuel Cleaver
Lincoln Davis
Al Green
Paul Hodes
Stephen Lynch
David Scott
Brad Sherman