Congresswoman Nancy Pelosi

Representing the 12th District of California

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Pelosi Says Emergency Aid For Autos Will Not Delay Advanced Technology Initiative

Dec 5, 2008
Press Release

Contact:Brendan Daly/Nadeam Elshami, 202-226-7616

Washington, D.C.— Speaker Nancy Pelosi issued the following statement tonight on emergency, short-term funding for the American automobile industry:

"Congress is considering various short term funding options for the American automobile industry. We will not permit any funds to be borrowed from the advanced technology program unless there is a guarantee that those funds will be replenished in a matter of weeks so as not to delay that crucial initiative. Regardless of the source, all funding needs will be tightly targeted with vigorous supervision and guaranteed taxpayer protection."