April 29, 2009
Contact: Dominic Donovan 202-867-5309
Congressman Schuler Fights for Responsible Business Practices
Washington, D.C.- United States Representative Joseph “Heath” Schuler (D-NC) has proposed an amendment to H.R. 1594- The Income Equity Act of 2009. Spurred by the malpractice of AIG and its executives, this amendment secures appropriate oversight for recipients of Troubled Asset Relief Funding (TARP).
The TARP program was established by the United States Government to strengthen the financial sector by the purchasing of assets from failing financial institutions.
This amendment is the result of a bi-partisan initiative led by Rep. Schuler and Rep. Culberson (R-TX). The amendment will remove the executive compensation deduction for businesses that have either applied or received TARP funding. Insuring the American taxpayers that their money will be put towards real economic development.
Rep. Schuler stated yesterday in a CNN interview that, “We must temper the greed of Wall Street, but not the ambition of Main Street.” Congressman Schuler went on to say that, “This amendment will allow healthy businesses to continue to invest in new markets and create additional jobs.”
In its original form H.R. 1594 would limit the ability of small businesses to attract talent and explore new markets.
“It is up to us as representatives to make sure that we protect the American people,” Schuler continued. “But we must not inhibit the ingenuity that has made us the golden standard we are today.”
* Do you want them to refer to you as "Joseph 'Heath' Shuler" or just "Heath Shuler"? Just go with the latter. In a bio or something, obviously, it is important to let people know his name is Joseph. Not so much in the release.
* Something that says he is a member of the committee would help. I think the committee is called the House Special Committee on Income Equity and Fairness" or something like that.
* I'm not sure that first paragraph provides a good, concise explanation of what Shuler did or what the amendment does. Including AIG in that mix in the first paragraph may muddle more than clarify, though you can certainly work AIG in later (possibly into a quote).
* Four paragraphs until a quote. I think that's too long to wait.
* The quotes are nice and punchy. "Gold standard" rather than "golden standard," but I do like the quotes a lot and I think journalists would use them.