Cotton, Young, Toomey Introduce Bill to Prevent Government Bailouts, Protect Taxpayers
July 16, 2019
July 16, 2019
WASHINGTON, July 16 -- Sen. Tom Cotton, R-Arkansas, issued the following news release:
U.S. Senators Tom Cotton (R-Arkansas), Todd Young (R-Indiana), and Pat Toomey (R-Pennsylvania) yesterday introduced the Government 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 Depart . . .
U.S. Senators Tom Cotton (R-Arkansas), Todd Young (R-Indiana), and Pat Toomey (R-Pennsylvania) yesterday introduced the Government 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 Depart . . .