June 11th 2009
From the Dakota War College:
U.S. Senator John Thune today will introduce the Government Ownership
Exit Plan Act, a bill that would require the federal government to end
its ownership of private entities acquired under the Troubled Asset
Relief Program (TARP) by July 1, 2010. The bill also prohibits the
future acquisition of new or additional ownership interests in private
firms through the use of TARP funds and prevents the federal government
from making management decisions in private companies in which it has
an ownership interest.
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June 11th 2009
Politico
reports on Senator Thune's introduction of divestment legislation.
Senator Thune is the chief sponsor of the legislation that will require
the federal government to divest its shares in private companies by
July 1, 2010:
As the federal government settles in as the new majority
owner of major U.S. companies, Republicans are positioning themselves
as activist shareholders.
While they may not be able to pull off a shareholder coup, Senate
Republicans on Thursday will launch their most aggressive proxy battle
to date against expanded federal control of corporations, introducing
legislation that would force the Treasury Department to divest its
ownership stakes in banks, financial institutions and auto companies by
July 2010.
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June 10th 2009
Reported in the Brookings Register:
The Federal Aviation Administration (FAA) has awarded $247,270 to the
City of Brookings, Sen. John Thune, R-S .D., announced Friday.
The funding will help pay for replacing snow removal equipment and
conducting an environmental impact study for the Brookings Regional
Airport.
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June 9th 2009
From CNN Political Editor Mark Preston:
While
Democrats are hoping the Senate vote on Judge Sonia Sotomayor's
nomination to the Supreme Court takes place by the congressional summer
recess, Republican Sen. John Thune told CNN Radio Tuesday he thinks the
vote might not occur until September.
"I don't think there is
any rush, only because the new court doesn't open until October," the
South Dakota Republican said in an interview with Mark Preston and Lisa
Desjardins.
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June 9th 2009
The Daily Republic Reports:
U.S. Senator John Thune today sent a letter to U.S.
Department of Agriculture (USDA) Secretary Tom Vilsack urging him to
reconsider the Farm Service Agency request from South Dakota that would
enroll 20,000 additional acres in the State Acres for Wildlife
Enhancement (SAFE) program. The USDA recently denied the original
request.
“South Dakota landowners have stepped up to participate in this
important conservation program,” said Thune. “Our state reaps
considerable ecological and economic benefit from responsible
conservation practices that provide critical habitat for pheasants and
other species, and the SAFE program is a vital part of that effort.
USDA erred in denying the South Dakota Farm Service Agency’s original
request, and I urge Secretary Vilsack to reconsider that decision.”
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