McMorris Rodgers and Colleagues Introduce Bill to Protect U.S. Taxpayers from European Bailout
Background
The European Bailout Protection Act would:
1) Prohibit any funds that have yet to be drawn by the IMF from being used to provide financing to any EU countries until all EU nations are in compliance with the debt to GDP ratio requirement in their own collective growth pact.
2) Require the Treasury Secretary to oppose any IMF loans to EU nations until all EU countries are in compliance with their debt to GDP ratio requirement.
The bill does not permanently prohibit the IMF from lending to these nations; it simply prohibits the U.S. from participating in the proposed European bailout.
Links of Interest:
Beware of Greeks Bearing Bailout Plans (Op-Ed, BigGovernment.com) (Mar. 24)
Letter to Secretary Timothy Geithner (Apr. 29)
Rep. McMorris Rodgers on The Kudlow Report (Apr. 29)
Rep. McMorris Rodgers at Republican Leadership Stakeout (May 5)
Letter to Vice President Joseph Biden (May 5)
Rep. McMorris Rodgers on Squawk Box (May 6)
Rep. McMorris Rodgers on Fox News Special Report (May 6)
Rep. McMorris Rodgers on Your World with Neil Cavuto (May 7)
Why Should America Bail Out Greece? (Op-Ed, National Review Online) (May 7)
We’re Bailing Out Greece (Op-Ed with Rep. Mike Pence, New York Post) (May 8)
Rep. McMorris Rodgers on Bulls and Bears (May 10)
My Big Fat Greek Bailout (Op-Ed, Human Events) (May 11)
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