Thursday afternoon, members of the Senate's "Auto Caucus" unveiled a package they'd been able to hammer together.
It would re-target twenty five billion dollars in funds originally set aside to help pay for research into more fuel efficient vehicles, and allow automakers to use the money right away if they qualify for it.
Caucus co chair, Senator George Voinovich of Ohio says lawmakers will request automakers provide a "viability plan" before obtaining the loans, "and guarantee that, to the best of our ability, the loans are going to be repaid and that we're not wasting taxpayers' money."
Senator Sherrod Brown, who cosponsored the bill says the issue of saving the automakers means more than just the jobs of autoworkers, saying, "its means way more than that to people in Lordstown," and other communities with auto plants.
To read the rest of this article, please click the source link above.