Washington, D.C., Oct 3 -

Today the House again considered the Emergency Economic Stabilization bill which included additional provisions which were added to it in the Senate. Several of these provisions were pieces of legislation that had already been approved by the House and Senate, and others were critical extensions of current tax provisions that were about to expire. 

While I regret that the Senate took the opportunity to add these additional provisions to this important Economic Stabilization bill, I have voted in favor of the legislation.  I have cast this second vote supporting the bill for the same reason that I did so earlier in the week.  I believe that the House and Senate majority and minority leadership, together with the Administration, have created a bill that will stabilize our financial markets, protect the taxpayer, protect jobs, provide significant oversight by Congress over actions of the Secretary of the Treasury and restrict the pay of top Wall Street executives. 

Again, I supported this revised legislation with great reluctance in order to protect American families, the taxpayer, the worker, the person with a pension plan, the person who holds savings in a 401(K) retirement account, small business people who need credit to operate their businesses and pay their employees, and homeowners – to stabilize our economy.