SEN. VOINOVICH STATEMENT ON AMERICAN AUTO INDUSTRY COMPROMISE BILL
December 9, 2008
WASHINGTON, D.C. – Please see below for a statement on the compromise auto industry bill from U.S. Senator George V. Voinovich (R-OH), Co-Chairman of the Senate Auto Caucus:
“I will continue to fight for the American auto industry by providing a bridge loan that they have to pay back. I am pleased that the Democratic leadership backed away from its opposition to using previously appropriated funds and adopted the bipartisan Levin-Voinovich proposal to use funding already authorized. However, I have concerns about the Democratic draft of the compromise legislation. One of my concerns is that this bill doesn’t go far enough to secure viability plans from the auto companies that would best ensure that the money will be paid back to the taxpayers. I am also concerned with other provisions that could hurt the auto industry in the long run. I will continue to work with my colleagues and the White House to address those concerns. I am hopeful we will have a compromise to vote on this week.”
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