If an agency is empowered to regulate systemic risk--it could apply to auto manufacturers as well as anyone else--Congress is handing over a blank check to a government agency, and that would be a very bad precedent.
Kanjorski warns against giving unchecked regulatory power to agencies.
Share
More from Paul E. Kanjorski
As most Members of this Chamber know, we recently lost a dear friend and colleague. Congressman Jack Murtha passed away on February 8 after complications from gallbladder surgery. Jack recently became the longest-serving Member of Congress…
I believe, in addition to empowering regulators with new and improved authority to watch over our Nation's financial health, we should also empower the owners of these companies to have more control and to align management interest with…
The pain that the majority of my constituents and probably so many constituents around the country--they are not going to trust any of us.
The Republican plan that was put forward last week addresses various policies that put the taxpayer at risk, but has no bail-out in the future.
Other voices in this conversation
