Congressional Digest

Congressional Digest November 2008 No. 9 Vol. 87
Honorable Richard Shelby

Forestalling Economic Disaster

Congress Responds to the Credit Crunch

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Honorable Richard Shelby

United States Senator, Alabama, RepublicanĀ 

Senator Shelby was first elected to the U.S. Senate in 1986. He served in the Alabama Senate from 1970 to 1978 and in the U.S. House of Representatives from 1978 to 1986. He is the Ranking Minority Member of the Banking, Housing, and Urban Affairs Committee and a member of the Appropriations Committee and the Special Committee on Aging. The following is from the October 1, 2008, Senate floor debate on H.R. 1424, the Emergency Economic Stabilization Act. I rise today to speak before we take what will be one of the most important votes, unrelated to war, many of…

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