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Illegal Lending Practices

by Jacob Sullum

Even Americans whose knowledge of the legislative process is limited to the "I'm Just a Bill" episode of "Schoolhouse Rock" know about the veto: If Congress approves legislation the president doesn't like, he can refuse to sign it, in which case the law can be enacted only by a two-thirds vote of each chamber. President Bush's plan to aid the auto industry relies on a more obscure maneuver: If Congress rejects a bill the president likes, he can act as if the vote went the ...

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