"When I voted twice against TARP authorization, I disapproved that it lacked adequate oversight and accountability when it came to spending billions of hard-earned taxpayer dollars. Today, I am proud to support the Fraud Enforcement and Recovery Act to help determine the causes of our current financial troubles, hold the responsible institutions accountable, and ensure that these problems do not happen again. This important legislation also calls for the diligent tracking of the funds it authorizes for these investigations, adding another level of transparency to the process." The Fraud Enforcement and Recovery Act is the latest in a series of consumer protection reforms recently passed by the House. Last week, the House passed the Credit Cardholders' Bill of Rights, which includes tough new protections for consumers facing excessive credit card fees, sky-high interest rates and unfair agreements that credit card companies revise at will. Later this week, the House is expected to vote on the Mortgage Reform and Anti-Predatory Lending Act to curb abusive and predatory lending.

The present brief summarizes various issues that impact the current condition of education in Nevada. For the last decade and a half, Nevada’s student growth rate has maintained an annual average increase of between six and eight percent, far surpassing national growth rates. Although many districts saw a decrease in students over the past year, Nevada rates were still a high 4.7 percent. Accompanying this growth was a two-dollar per pupil decline in basic guaranteed support from 1999-2000 to 2000-2001. Nevada was ranked 36th among states in a funding adequacy comparison in the Digest of Education Statistics 1999.

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