Press Releases

AIG is the target of public outrage after revelations that it awarded $165 million in bonuses to executives. AIG has received up to $173 billion in bailout funds from the American taxpayers.

Attending the hearing by unanimous consent of a House Financial Services subcommittee, Congresswoman Kaptur asked Mr. Liddy a series of questions, including details about how AIG plans to repay the government and how long it might take.

“This funding throws a food lifeline for thousands of older Americans,” said Congresswoman Kaptur, who as a member of the House Appropriations subcommittee on agriculture wrote legislation to create the Senior Farmers Market Coupon program. “Such assistance is exceedingly important in a state that has suffered a direct hit from the recession.”

From March 9–27, the U.S. Department of Agriculture (USDA) is conducting a signup for restoring and protecting flood-prone lands. Unlike other USDA funds, this program is not restricted to land that is farmed. The Natural Resources Conservation Service(NRCS) may purchase easements on any floodplain lands that have been impaired within the last 12 months or that have a history of repeated flooding. The signup period for this funding is limited, so if you are interested, contact USDA quickly.

This panel was developed in the Emergency Economic Stabilization Act of 2008 (a.k.a. the “Bailout”)

In response to the escalating crisis, on October 3, 2008, Congress provided the U.S. Treasury with the authority to spend $700 billion to stabilize the U.S. economy. Congress created the Office of Financial Stabilization (OFS) within Treasury to implement a Troubled Asset Relief Program (TARP). At the same time, Congress created a Congressional Oversight Panel (COP) to “review the current state of financial markets and the regulatory system.”

Upgrading facilities for energy efficiency is an investment in keeping future costs down and insuring our community readiness through the time honored tradition of the National Guard,” said Kaptur. “I am pleased to have been able to help bring resources to our local commands for improvements that will put people to work and save taxpayer dollars into the future.” Projects funded under the announcement include:

“I agree with President Obama that even though we are facing a longroad of rebuilding and recovery, our nation will emerge stronger thanbefore. The American people are extraordinarily resilient, and we willovercome this challenge.

“If the President is truly looking to reduce our deficits and returnour fiscal house to order, he should include our trade deficits thatcontinue to clock in at hundreds of billions of dollars each year. Wemust focus on opening markets to American goods so that our workerscompete on a level playing field.

“Our nation is facing a severe economic crisis,” Congresswoman Kaptursaid. “We face the highest unemployment rates in a generation and anuncertain road forward. This legislation strengthens the safety net formillions of seniors and unemployed Americans. It also makes importantinvestments in our future. Although I wish it would have focused moreon job creation in the short term, I am also encouraged by thecommitment to green energy, infrastructure projects, and high-speedrail.”