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Darina [25.2K]
3 years ago
8

After becoming the first african american president, barack obama helped bail out the banks and auto industry.

History
2 answers:
FromTheMoon [43]3 years ago
7 0
False, <span>On December 19, </span>George W. Bush<span> announced that he had approved the bailout plan, which would give loans of $17.4 billion to U.S. automakers GM and Chrysler.</span>
Goryan [66]3 years ago
6 0

The answer is true. President Barack Obama helped bail out the banks and auto industry.

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If the bill passes by simple majority (218 of 435), the bill moves to the Senate. In the Senate, the bill is assigned to another committee and, if released, debated and voted on. Finally, a conference committee made of House and Senate members works out any differences between the House and Senate versions of the bill.

To become a law the bill must be approved by both the U.S. House of Representatives and the U.S. Senate and requires the Presidents approval. There are two different types of bills, private-bills that affect a specific individual and public-bills that affect the general public.

Sometimes, the resolution of differences between the House and Senate proposals may instead be accomplished through a conference committee. A conference committee is a temporary committee formed in relation to a specific bill; its task is to negotiate a proposal that can be agreed to by both chambers.

After both the House and Senate have approved a bill in identical form, the bill is sent to the President. If the President approves of the legislation, it is signed and becomes law. If the President takes no action for ten days while Congress is in session, the bill automatically becomes law.

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