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bailout

Shelby co-sponsors the coronavirus economic stabilization act

Senate Appropriations Committee Chairman Richard Shelby of Alabama, Senate Majority Whip John Thune and Senate Commerce Committee Chairman Roger Wicker, all Republicans, released “The Coronavirus Economic Stabilization Act of 2020” as part of the broader Senate economic response package. Sponsors say that the legislation would allow the Treasury Secretary to provide up to $208 billion … Continued
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March 20, 2020

Doug Jones addresses Alabama AFL-CIO

U.S. Sen. Doug Jones told members of the Alabama AFL-CIO, “You have a friend in the United States Senate.” The Alabama AFL-CIO was holding their biennial convention in Montgomery at the Embassy Suites Hotel and Conference Center. “We need to support the people who support us,” Alabama AFL-CIO President Bren Riley said. “He does not … Continued
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October 22, 2019

Bachus Says Obama Administration Action on Freddie and Fannie means Taxpayers will Likely Never be Paid Back for Bailout

By Brandon Moseley Alabama Political Reporter Congressman Spencer Bachus (R) from Vestavia issued a written statement following the Treasury Department’s decision to reduce the dividend rate paid to the Treasury on Senior Preferred Stock of Fannie Mae and Freddie Mac. Congressman Bachus is the Chairman of the House Financial Services Committee which oversees the banking … Continued
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August 23, 2012

Shelby Says that FHA has Been Woefully Neglected

By Brandon Moseley Alabama Political Reporter U.S. Senator Richard C. Shelby (R) from Alabama released a written statement with his remarks made at a hearing on housing finance reform.  Sen. Shelby is the ranking Republican member of the Committee on Banking, Housing and Urban Affairs. Sen. Shelby said, “Our fragile housing market faces numerous challenges. … Continued
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May 30, 2012