Vitter Introduces the State Bailout Prevention Act

Senator David Vitter (R-LA) introduced the State Bailout Prevention Act this week. According to a press release from his office, it would “prohibit the use of federal funds to bail out state budgets.”

More specifically, it prevents “the Federal Reserve from providing assistance to, or creating a facility to help, any municipality, county or state.”

It also “prevents Congress and the Treasury Department from bailing out states through legislation.”

1 Comment

Filed under State Assistance

One response to “Vitter Introduces the State Bailout Prevention Act

  1. Pat

    Does Mr. Vitter also plan on preventing any future bail outs of his cronies on Wall Street and Corporate America???? Mr. Vitter or I should say Mr. Has No Morals kisses the collective ass of Corporate America yet he doesn’t give a flying crap about the states in this country. I wonder if he vomits every morning when he sees his face without morals looking back at him. I know I vomit every time I see his face.

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