House Proceeding on Jan 21st, 2009 :: 2:22:40 to 2:24:00
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2:22:23 to 2:22:43( Edit History Discussion )

Maurice D. Hinchey: house report 111-3. for what purpose does the gentleman from new york rise. mr. hinchey: thank you very much, mr. chairman. i have an amendment at the desk. the chair: the clerk will designate the amendment. the clerk: amendment number 11, printed in house rept number 111-3. offered by mr. hinchey of new york. the chair: pursuant to house

2:22:40 to 2:24:00( Edit History Discussion )
Speech By: Maurice D. Hinchey

2:22:44 to 2:23:05( Edit History Discussion )

Maurice D. Hinchey: resolution 62, the gentleman from new york, mr. hinchey, and a member opposed, each will control five minutes. the chair recognizes the gentleman from new york. mr. hinchey: thank you very much, mr. chairman. mr. chairman, since the bailout bill was passed last year, about 50 billi of the 00 billion that was allocated in that legislation has been

2:23:06 to 2:23:29( Edit History Discussion )

Maurice D. Hinchey: authorized and effectively spent through the treasury department. however there's very little information with regard to who are the recipients of that 50 billion, and for what purposes they received that money and how they spent it. so this amendment just asks and makes it clear that upon the passage of this legislation

2:23:30 to 2:23:51( Edit History Discussion )

Maurice D. Hinchey: that the secretary must provide information with regard to where that money has gone and how that funding was spent. and then 30 days later, within 30 days after the enactment of this paragraph, the secretary shall promptly submit to the appropriate committees here in

2:23:52 to 2:24:01( Edit History Discussion )

Maurice D. Hinchey: the congress that information. where the money was allocated and to what purposes it was spent. i think this is a very essentially important piece of