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Boyd votes to prohibit release of rescue funds

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By The Staff

Citing the lack of accountability and oversight in the implementation of the financial rescue package, Congressman Allen Boyd (D-North Florida) today voted to prohibit the release of the remaining rescue funds through the Troubled Assets Relief Program, which became law last October. Under the TARP legislation, the U.S. Treasury Department was provided $350 billion last fall to stabilize the financial industry, and the remaining $350 billion would only be provided after Congressional authorization.


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