H.R. 5276 (NO BAIL OUTS FOR STATE AN LOCAL GOVERNMENTS)

SO MUCH FOR THE CONGRESS OF THE USA
GNS


https://www.gpo.gov/fdsys/pkg/BILLS-114hr5276ih/pdf/BILLS-114hr5276ih.pdf

114TH CONGRESS 2D SESSION

H. R. 5276

To prohibit the provision of Federal funds to State, territory, and local governments for payment of obligations, to prohibit the Board of Gov- ernors of the Federal Reserve System from financially assisting State and local governments, and for other purposes. 

https://www.sovereignman.com/trends/wow-congress-wants-to-prohibit-the-fed-from-bailing-out-bankrupt-states-19551/?inf_contact_key=33b769a7268b8b84b6d034764bd0c543309f934ef2a1a3dcbd27938e5fd72c7b

Wow. Congress wants to prohibit the Fed from bailing out bankrupt states.

Simon Black

 

May 25, 2016

 

London, England

Just days ago, in the midst of the Puerto Rico debt morass, 24 members of Congress introduced the “No Bailouts for State, Territory, and Local Governments Act.”