Tag: Labor and American Jobs

Today, President-elect Obama nominated Rep. Hilda Solis as Secretary of Labor: Speaker Pelosi: I applaud President-elect Obama's selection of my colleague and friend Congresswoman Hilda Solis to serve as America's next Labor Secretary. Hilda Solis' tenure in Congress has been defined by… Continue

The President's announcement this morning provides an opportunity for the American automakers to become viable and competitive while securing millions of jobs. The auto companies and all other parties now must engage in comprehensive negotiations that will require all parties to make… Continue

Today, Financial Services Committee Chairman Barney Frank sent a letter to Treasury Secretary Paulson urging him to adopt accountability protections identical to those passed by the House last week in the Auto Industry Financing and Restructuring Act saying, “given the serious mistakes… Continue

Speaker Pelosi sent the following letter today to President Bush urging that any assistance provided to automakers by the Administration require the same strong taxpayer protections and conditions for viability and competitiveness that were passed by the House earlier this week. The… Continue

After Senate Republicans blocked passage of bipartisan legislation to provide short-term, temporary loans to American automakers tonight, Speaker Pelosi issued the following statement: The House-passed bipartisan legislation protects taxpayers, preserves environmental standards and places tough accountability measures on the auto companies to… Continue

Not in a generation have workers faced such challenges, which is why Democrats have repeatedly urged President Bush and Senate Republicans to stop obstructing the economic recovery and jobs bill the House passed in September. Regrettably, Republican opposition to this legislation will… Continue

This evening, the House passed HR 7321, the Auto Industry Financing and Restructuring Act, by a vote of 237-170. Speaking in support of passage, Speaker Pelosi said: Since the days when Model Ts first rolled off Henry Ford's assembly line, owning a… Continue

Chairman Barney Frank has introduced HR 7321, the Auto Industry Financing and Restructuring Act to address the American auto industry’s request for financial assistance. The legislation provides up to $14 billion in short-term bridge loans and includes accountability measures banning corporate excesses,… Continue

Today, the House Financial Services Committee is holding a hearing to examine oversight concerns regarding the Treasury Department's conduct of the Troubled Asset Relief Program (TARP). This hearing follows the release of two Congressionally mandated oversight reports by the Government Accountability Office… Continue

This morning the Select Committee on Energy Independence and Global Warming is holding a hearing to examine the energy independence implications of assistance to the U.S. auto industry currently under consideration by Congress. From the Select Committee: As Congress considers a multi-billion… Continue