Sens. Move To Strengthen GAO's Bailout Oversight

Law360 (January 28, 2009, 12:00 AM EST) -- Sens. Max Baucus, D-Mont., and Chuck Grassley, R-Iowa, have introduced a bill that would require companies receiving federal bailout funds to give the U.S. Government Accountability Office access to their books and records.

Baucus, chair of the Senate Finance Committee, and Grassley, ranking member of the committee, said that the Troubled Assets Relief Program Enhancement Act, introduced Wednesday, was necessary to ensure that companies receiving aid from the government rescue plan are accountable to taxpayers.

Baucus and Grassley say that the bill would make it easier...
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