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GREGG COMMENTS ON DEPARTURE FROM TARP OVERSIGHT PANEL

December 2, 2008

                                                                                Contact: Andrea Wuebker/Laena Fallon

Senator Judd Gregg stated, “I regret that due to the impending Senate schedule involving the potential of dealing with an extremely large stimulus package, coupled with the ongoing issues of developing fiscal policy relative to the budget and the continuing economic downturn and my responsibility for foreign operations appropriations, it has become difficult to continue service on the TARP oversight board. I have advised Senator McConnell I will need to step aside from this effort.

“I will continue to be involved in ongoing TARP discussions and oversight, and will work to ensure that TARP funding remains focused and targeted in order to stabilize our economy and protect consumers.”