A bill to require congressional approval of loans made by the Secretary of Transportation in excess of $1,000,000,000.
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Feb 16, 2007
Prohibits the Secretary from making a loan or loans to any entity in excess of $1 billion in the aggregate over a five-year period unless the loan exceeding the limit is approved by joint resolution no later than six months after notice is provided to Congress.
Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.
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