This still has to be voted on by the full House. But it's interesting to note that it drew unanimous support in committee. Keep in mind, Rattner already bailed. Hmm
WASHINGTON (Reuters) - A congressional committee approved a resolution on Friday seeking documents and other information from the Obama administration's autos task force regarding major decisions made on the restructuring of General Motors Corp and Chrysler LLC.
The House Financial Services Committee voted unanimously to send its request to the full House of Representatives for consideration. There is no immediate timetable for action on the measure.
The Senate is not required to act for the resolution to take effect.
Sponsored by Republican leader John Boehner, the resolution seeks to answer calls from some lawmakers for more transparency in the administration's handling of GM and Chrysler.
"It's not about taking sides. It's about acquiring information about the process," said Spenser Bachus, the top Republican on the Financial Services panel.
"I think the American people and Congress have questions," Bachus said, noting that taxpayers have extended bailouts and bankruptcy financing and now own a majority stake in GM (60 percent) and a lesser share in Chrysler (8 percent).
Comments