Articles Posted in Legislative Information

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The following are among the financial planning documents which have been submitted to the U.S. Congress by automakers Ford, Chrysler, and General Motors as requested:

FORD:

Ford Motor Company Business Plan as Submitted to the Senate Banking Committee on December 2, 2008

The United States Government Policy and Supporting Positions, commonly known as the plum book is published every four years just after the Presidential elections. It is publisned, alternately, by the Senate Committee on Homeland Security and Governmental Affairs and the House Committee on Oversight and Government Reform.

Below is a list of major categories of positions discussed and the Table of Contents:

MAJOR CATEGORIES:

October 28 2008

FROM THE INTRODUCTION:

This Mid-Year Financial Plan (the “Mid-Year Financial Plan”) revises the State’s fiscal projections for the 2008-09 through 2011-12 fiscal years that were set forth in the First Quarterly Update to the Financial Plan (the “First Quarterly Update”) dated July 30, 2008. The revised Plan reflects (a) updated estimates of receipts and disbursements based on DOB’s1 revised economic forecasts for the nation and State, operating results through the first six months of fiscal year 2008-09, and a comprehensive review of factors affecting the long-term current-services forecast; (b) the estimated impact of cost-saving measures approved by the Governor and Legislature in August 2008, after the issuance of the First Quarterly Update; and (c) the status of actions to reduce State operations spending that were instituted earlier in the fiscal year.

The following list of documents covering the economy for the week ending October 10 was compiled by Basil Tilmon of Gallerywatch. We appreciate his efforts:

Letter to FBI Director Robert Mueller From Reps. Mark Kirk and Chris Carney

Letter Expresses a Need for More Resources to Investigate Corporate Fraud

The U.S. Senate endorsed the $700 million bailout plan by a margin of 74 to 25 in favor. Here are some of the highlights of the Senate Approved Plan as reported in the October 2, 2008 Wall Street Journal (Page A3):

“Like the deal rejected by the House, the Senate bill includes:

$700 BILLION FOR BAD ASSETS: $250 billion immediately, $100 billion on Treasury Secretary’s request $350 billion subject to congressional joint resolution.

From information provided by Gallerywatch.com, October 1, 2008

Regardless of the final outcome, these two documents combined should provide you a picture of the second bailout attempt scheduled in the U.S. Senate. Even if you do not see this until action has been taken, they provide some some fascinating reading for those who are interested.

Emergency Economic Stabilization Act of 2008 HR 1424

The following are links to three legislative documents regarding the Emergency Econimic Stabilization Act of 2008 from those included in our subscription to Gallerywatch.com. We are grateful to the Gallerywatch team for their hard work and dedication in compiling this and much more information over this past weekend:

Final Legislative Text of the Emergency Economic Stabilization Act of 2008, as agreed on September 28, 2008

Section by Section Sumary of the Emergency Ecomomic Stabilization Act of 2008 as released by the House Financial Services Chairman, Barney Frank

Ohio Draft Reform Bill SB345

Increasingly, county law libraries face new challenges with regards to their funding, space and continued existence in the states with established systems. These challenges were addressed in 2005 with legislation in Ohio to cut back on funds going to county law libraries. Please take a moment to read this summary of the bill and let us know if you are in favor of SCCLL supporting Ohio county law libraries in their struggle. Please go to our website to share your read more and share your vote.

www.aallnet.org/sis/sccll

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