Today Treasury, the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) announced they are tapping further into the funds made available by the $700 billion Troubled Asset Relief Program (TARP) and providing a government guarantee for a pool of toxic assets to stabilize Citigroup. In response to this announcement, Congresswoman Carolyn B. Maloney (D-NY), Chair of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit released the following statement:

New York, NY – Today, U.S. Congresswoman Carolyn Maloney (NY-14), New York City Council Speaker Christine Quinn, Council Member Jessica Lappin, former NOW-NYS President Noreen Connell, Francine Moccio of the Institute for Women and Work, and other New York City women’s leaders protested new Bush Administration regulations that undermine the landmark Family and Medical Leave Act (FMLA).  At a news conference this morning, Maloney released a letter (a full copy of which follows) urging the Obama-Biden transition team to correct the new regulations, and Lappin announced that she is requesting a New York City Council resolution likewise calling on the new administration to address the problem.

New York, NY – Congresswoman Carolyn B. Maloney, Vice Chair of the Joint Economic Committee, released the following statement regarding Bush Administration regulations released today that would chip away at the Family and Medical Leave Act:

WASHINGTON, Nov. 12 – Development programs to promote women’s rights must work within cultures to bring about change rather than trying to impose change from above," Rep. Carolyn Maloney (D-NY) said today.