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How did Phil Gramm sneak in a 200+ page amendment to a bill?

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endthewar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-28-08 11:53 PM
Original message
How did Phil Gramm sneak in a 200+ page amendment to a bill?
I've heard that the Gramm bill passed in the 1990s is at least partially responsible for this financial crisis. However, I've heard people say that he "sneaked" it into another much larger bill, even though it was over 200 pages long. Can someone make sense of this for me? How do you sneak in a 200+ page document to make it legislation?
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ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-28-08 11:55 PM
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1. Ask Eli Lilly how they did it.
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endthewar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-28-08 11:59 PM
Response to Reply #1
2. So is it pretty much the lobbyists buying out members of Congress?
And depending on the American people not really noticing and not caring?
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ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 12:29 AM
Response to Reply #2
4. They don't have to buy all of them, just enough of them. n/t
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Pab Sungenis Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 12:03 AM
Response to Original message
3. When the bill you're slipping it into is 1,400 pages long already
you have a better chance of getting away with it. He put it into a year-end omnibus spending bill.
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pnwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 12:54 AM
Response to Reply #3
5. And he probably slipped it in at the very last moment -- a favorite tactic
of the Rethugs.
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Lasher Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-29-08 12:59 AM
Response to Reply #3
6. The Commodity Futures Modernization Act of 2000
This legislation was thought dead but Phil Gramm slipped it into a must-pass omnibus spending bill in December 2000. Few people in Congress or in the Administration had an opportunity to review this legislation. This is how we were blessed with the Enron Loophole, but even more importantly the legislation specifically prohibited regulation of credit default swaps.

http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000

Arguably, this was as important as The Gramm-Leach- Bliley Act of 1999, which dismantled protections of the Glass-Steagall Act of 1933.
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