The Original Bill
Linked from Planet Money.
The legislation is pretty concise, but involves a HUGE, unprecedented transfer of power to the Treasury Secretary. His actions are then "non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency", only reporting to Congress twice a year."
Yeah, that sounds like standard Bush administration policy -- a tremendous authorization of power to the executive branch. And they were trying to ram it down their throats the same way they sold the Iraq invasion.
Does this scare the crap out of anyone else?
This original proposal is now considered dead in Congress, but I don't think anyone knows what the new compromise bill looks like.
~Sean
The legislation is pretty concise, but involves a HUGE, unprecedented transfer of power to the Treasury Secretary. His actions are then "non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency", only reporting to Congress twice a year."
Yeah, that sounds like standard Bush administration policy -- a tremendous authorization of power to the executive branch. And they were trying to ram it down their throats the same way they sold the Iraq invasion.
Does this scare the crap out of anyone else?
This original proposal is now considered dead in Congress, but I don't think anyone knows what the new compromise bill looks like.
~Sean