Reed's Law Lands Taxpayers Another Half Billion Dollars Thanks to Sale of Airline Warrants
June 25, 2024
June 25, 2024
WASHINGTON, June 25 -- Sen. Jack Reed, D-Rhode Island, issued the following news release:
When the pandemic hit and caused severe economic turbulence for the airline industry, U.S. Senator Jack Reed was confident the economy would recover and included a provision in the air travel rescue package to ensure taxpayers were compensated for bailing out big businesses.
Thanks to Reed's law, the U.S. Treasury Department announced taxpayers received $556,685,001 in proceeds thi . . .
When the pandemic hit and caused severe economic turbulence for the airline industry, U.S. Senator Jack Reed was confident the economy would recover and included a provision in the air travel rescue package to ensure taxpayers were compensated for bailing out big businesses.
Thanks to Reed's law, the U.S. Treasury Department announced taxpayers received $556,685,001 in proceeds thi . . .