Posts tagged ‘Dodd-Frank Wall Street Reform and Consumer Protection Act’

April 1, 2011

Emergency Mortgage Relief Program Termination Act

As of current financial conditioning continues to reform and restructure this nations economic balance what we are hearing often is the talk of spending cuts, continual downsizing, restoring stability, making a way to free up more federal dollars and so on. Never once have we hear the option of taking the remainder of unused money to settle and debt that may have amounted. Is this not freeing up federal dollars or cutting spending?

Effective on the date of the enactment of this Act, there are rescinded and permanently canceled all unobligated balances remaining available as of such date of enactment of the amounts made available by section 1496(a) of the Dodd-Frank Wall Street Reform and Consumer
Protection Act making it easier to assess the full amount of fiscal money used by the sponsor to bring the bill to life and a functional action. Allowing the TREATMENT OF REMAINING FUNDS to Not withstand the repeal of any amounts made available under the provision specified be obligated before the date of the enactment of this Act shall continue to be governed by the provisions of law specified and in effect immediately before such repeal.

Is this not how a bill should act once appropriated and shifted into a law?

Although the bill is still in implementation preceding it’s a start toward a new beginning, lets stop raising unnecessary money on bills to be appropriated and finish one in its entirety. This could be the first step toward reducing the debt associated with bill proposals and texting options taking into consideration of the passing of a new bill.

Advertisements