House Speaker Nancy PelosiNancy Patricia D'Alesandro PelosiDemocrats search for 51st net neutrality vote Hoyer suggests Dems won't support spending bill without DACA fix Trump’s first year in office was the year of the woman MORE (D-Calif.) and House Financial Services Chairman Barney Frank (D-Mass.) wrote the leaders of General Motors (GM) and Chrysler Friday reminding the troubled automakers they owe Congress their restructuring plans Tues., Feb. 17.

The congressional leaders told the executives they expect companies to outline a strategy for long-term viability, as well as plans to make their product lines more environmentally efficient, and to ensure the strength of employees' pension plans.

The companies were loaned $17 billion out of the $700 billion Wall Street Troubled Asset Relief Program (TARP) funds, on conditions for the plan laid forth by the Bush administration.

Read a copy of Frank and Pelosi's letter to GM and Chrysler below:
February 13, 2009

Mr. Robert