Word: markup
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Dates: during 2000-2009
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...concerns as well, but suggesting a compromise to the abortion quandary. This time, Pelosi was interested and she gave Ryan the green light to develop language that ended up known as the Capps amendment, because Lois Capps of California introduced it during the House Energy and Commerce Committee's markup of health reform legislation...
...That doesn't mean the process is any less messy. There are three versions of financial reform in play. The Administration unveiled its plan in mid-June. Barney Frank, chairman of the House Financial Services Committee, will bring his recently unveiled version to markup in committee as early as this week. Frank and the Administration, represented by Treasury Secretary Timothy Geithner, spent weeks in negotiation, and Frank's bill closely tracks the Administration proposal...
...which includes new powers for regulators and the Federal Reserve to limit risk among the nation's biggest financial institutions, and to dissolve those institutions in an orderly way if they fail. At the same time, the Senate is moving ahead with its own bill, with talk of a markup in Connecticut Senator Chris Dodd's Banking Committee before Thanksgiving. Treasury has even held preliminary discussions with Dodd and Frank staffers about how to meld the two bills, even though both versions remain in flux. Earlier in the fall, Geithner's staff went through their proposals line by line with...
...money that taxpayers have pumped into the financial system has ended up at banks that are lending it back to the government by buying Treasury securities. Isn't that great? We make money available to the banks at 0%, they lend it to the government at a markup, and they make money off our tax dollars, whining every step...
...current market value. The so-called bad bank, as NAMA is sometimes called, will then manage the loans on behalf of the state for the next decade, by which time, the government assumes, the country's property market will have recovered. This assumption also explains the $10.5 billion markup in the sum to be paid for the toxic assets - a difference the government says reflects the long-term economic value of the loans. (See 25 people to blame for the financial crisis...