According to the new rules, the Treasury Department will implement safeguards to prevent lobbyist influence over the program, including restricting contacts with lobbyists in connection with applications for, or disbursements of the bailout funds.
Moreover, the department will ensure that political influence does not interfere with bailout funds decision making, using as a model for these protections the limits on political influence overtax matters.
And in reporting to Congress, the Office of Financial Stability (OFS) will certify that each investment decision is based only on investment criteria and the facts of the case.
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