Congress prepares for auto industry bailout vote

House Majority Leader Steny Hoyer (D-Md.) announced that Congress would be prepared to vote on the bailout for the Big 3 automakers today, pending discussion with those in the Senate.

During a pen and pad session, Hoyer elaborated on the details of the legislation, “Any tax payer assistance will be covered with vigorous oversight, and it’s included in the bill.”

While the Majority Leader stated that they will be prepared today, the Senate may vote first if success seems more likely through that avenue.

Hoyer also discussed prospects for an economic stimulus package, “President-elect Obama has made it very clear that he wants to see a very substantial economic stimulus package passed. He wants to sign such a package in January,” said Hoyer.

“After eight years of economic policies that have lead us to arguably the worst economic performance, the greatest loss of jobs, the most difficulty confronting our people since the great depression it’s critically important that we have legislation that will assist in getting this economy going. We plan on doing this very early next year before President-elect Obama is sworn.”

The Majority Leader also said that he and ten other representatives, including ranking member of the Foreign Affairs Committee Rep. Illeana Ros-Lehtinen (R-Fla.), will be presenting Obama with a series of suggestions to help end the genocide in Darfur.