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Foxx "Bailout Stopper" Bill Passes House

The legislation sponsored by Congresswoman Virginia Foxx (NC-05) that would remove Congressional approval for the second $350 billion of the $700 billion TARP bailout, passed the House of Representatives today. The bipartisan legislation passed the House by a vote of 270-155. The legislation is designed to take advantage of a provision in the 2008 bailout law that allows Congress to “disapprove” of the second half of the bailout. During debate on the measure, Foxx had this to say:

If taken up and passed by the U.S. Senate the bill would bring the TARP bailout to an end. A similar measure in the Senate failed last week on a mostly party-line vote.

YOU GO GIRL!!!!!!!!!!!!!