{"database": "press", "table": "releases", "rows": [["http://www.brown.senate.gov/newsroom/press/release/brown-statement-on-spending-bill-provision-that-would-allow-for-future-bailouts", "Brown Statement on Spending Bill Provision that would Allow for Future Bailouts", "2014-12-10", "2014", "2014-12", "Democrat", "House", "OH", "Sherrod Brown", "B000944", "www.brown.senate.gov", null, null, "legacy", "Wednesday, December 10, 2014\n            \n\t\n\t\t\t\n\t\t\tWASHINGTON, D.C. \u2013 Following the inclusion of a provision in the year-end spending bill that would repeal a law prohibiting future bailouts, U.S. Sen. Sherrod Brown (D-OH) issued the following statement:\r\n\u201cThis giveaway to Wall Street would open the door to future bailouts funded by American taxpayers,\u201d Brown said. \u201cIt\u2019s been just six years since risky financial practices put our economy on the brink of collapse and cost millions of Americans lost jobs, homes, and retirement savings. This provision, originally written by lobbyists, has no place in a must-pass spending bill.\u201d\r\nFollowing the financial crisis, Congress passed a provision in the Wall Street Reform Act that would end government insurance of risky Wall Street derivatives trading. Section 716 \u2013 entitled \u201cProhibition Against Federal Government Bailouts of Swaps Entities,\u201d and also known as the Lincoln Amendment or the \u201cswaps push-out\u201d provision \u2013 prohibits Federal assistance to entities that engage in certain swaps and security-based swaps activities.\u00a0 While this provision was scheduled to take effect on July 16, 2013, it has still not been implemented.\r\nThe year-end spending bill would repeal Section 716.\r\n###\n\t\t\t\n\t\t\t\t\n\t\t\t\t\tPress Contact\n\t\t\t\t\tMeghan Dubyak\r\n(202) 224-3978", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["http://www.brown.senate.gov/newsroom/press/release/brown-statement-on-spending-bill-provision-that-would-allow-for-future-bailouts"], "units": {}, "query_ms": 0.8303583599627018, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}