Young, Toomey, Cotton Introduce Bill to Prevent Government Bailouts, Protect Taxpayers
July 15, 2019
July 15, 2019
WASHINGTON, July 15 -- Sen. Todd Young, R-Indiana, issued the following news release:
Today, U.S. Senators Todd Young (R-Ind.), Pat Toomey (R-Pa.), and Tom Cotton (R-Ark.) introduced theGovernment Bailout Prevention Act to ensure that federal dollars cannot be used to help insolvent state, territory, or local governments pay off their obligations. Under this bill, no arm of the federal government, including the Federal Reserve System and the U.S. Treasury Department, can pay or guar . . .
Today, U.S. Senators Todd Young (R-Ind.), Pat Toomey (R-Pa.), and Tom Cotton (R-Ark.) introduced theGovernment Bailout Prevention Act to ensure that federal dollars cannot be used to help insolvent state, territory, or local governments pay off their obligations. Under this bill, no arm of the federal government, including the Federal Reserve System and the U.S. Treasury Department, can pay or guar . . .