WashingtonWatch.com Update: The Latest Auto Bailout Plan

WASHINGTON, December 8, 2008: This week, Congress is likely to return to the subject of support for the ailing auto industry.

The leading plan is to take money from a fund created to help produce more fuel-efficient cars and loan that money to the industry for general support.

One bill along these lines is S. 3715, the Auto Industry Emergency Bridge Loan Act. With the money coming out of the clean/green autos program, this plan costs only about $12.50 per U.S. family.

S. 3715
The Auto Industry Emergency Bridge Loan Act
Costs $12.44 per family
What People Think: 50% For, 50% Against
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