The Treasury Department announced tough new rules today designed to prevent undue influence by lobbyists on government decisions over applications for and disbursements of funds under the Troubled Asset Relief Program.
The new rules are already applicable to American International Group, which is receiving billions in aid under several Treasury and Federal Reserve Board programs.
A spokesman for AIG said the company has suspended “all lobbying activities as part of its comprehensive and ongoing review of our business practices and expenditures.”
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