Pelosi Statement on the American Automobile Industry

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:

"Today’s announcement of major job losses and findings from Congressional hearings from the last two days make it clear that Congress must work on a bipartisan basis to provide short-term and limited assistance to the automobile industry while it undertakes major restructuring.

"Congress will insist that any legislation include rigorous and ongoing oversight to guarantee that taxpayers are protected and that resources are directed to ensure the long-term viability and competitiveness of the American automobile industry.

"I expect that legislation will be brought up for a vote in the House next week."