John Thune

United States Senator

Thune Proposes Deadline for Denationalization

June 11th 2009

The Heritage Foundation Reports:

With General Motors slated for nationalization, and the government holding major stakes in Chrysler and several major banks, many concerned observers have been asking when it will all end. President Obama, however, has not even ventured a guess. The omission is an odd, and dangerous, one: the president who campaigned on the need to set a deadline for U.S. withdrawal from Baghdad has failed to establish one for the withdrawal of U.S. forces from Detroit.

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Thune introduces measure to reverse trends towards the nationalization of companies

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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GOP wants U.S. out of auto, bank business

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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Local airport gets $247K

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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Sen. Thune: Sotomayor vote might not happen until September

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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John Thune

United States Senator

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