[Congressional Record Volume 155, Number 14 (Friday, January 23, 2009)]
[Extensions of Remarks]
[Page E133]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 DISAPPROVAL OF OBLIGATIONS UNDER THE EMERGENCY ECONOMIC STABILIZATION 
                              ACT OF 2008

                                 ______
                                 

                               speech of

                         HON. CHRIS VAN HOLLEN

                              of maryland

                    in the house of representatives

                       Thursday, January 22, 2009

  Mr. VAN HOLLEN. Mr. Speaker, I rise in opposition to this resolution 
of disapproval and will vote no today so that Congress can continue 
working proactively with President Obama to get our fragile economy 
back on track.
  Earlier this week, the House passed the TARP Reform and 
Accountability Act, which reflects criticism I share over how the first 
tranche of TARP funds has been administered and imposes significant 
transparency and accountability reforms on the use of TARP funds going 
forward.
  However, if there is one thing economists across the country and 
political spectrum are now telling us, it is that inaction in the face 
of our current financial crisis is not an option. The Obama 
administration, and the reforms outlined in the TARP Reform and 
Accountability Act, now give us the opportunity to deploy this second 
tranche of TARP funds more wisely. We should do so.

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