Text of the Senate resolution to disapprove using the unspent $350 billion from last fall's $700 billion rescue package for banks and other financial institutions. The resolution needed a simple Senate majority of yes votes to pass. It was rejected by a 52-42 vote, thus clearing the way for a new infusion of bailout cash for the financial industry.
S.J. Res. 5
Joint Resolution relating to the disapproval of obligations under the Emergency Economic Stabilization Act of 2008.
Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That Congress disapproves the obligation of any amount exceeding the amounts obligated as described in paragraphs (1) and (2) of section 115(a) of the Emergency Economic Stabilization Act of 2008.
Copyright 2009  AP News
