15 Dec: Lesniak Bill To Protect Public Funds In Bank Collapses Advances

TRENTON – A bill sponsored by Senator Raymond J. Lesniak which would change the supplemental protections put in place on government bank deposits in order to protect banks participating in the protection program and enhance protections for municipalities and other government units was unanimously approved by the Senate Commerce Committee yesterday.

“The effects of the crisis gripping our world economy have been profound and far-reaching, but nowhere are we seeing a bigger impact than in the financial services sector,” said Senator Lesniak, D-Union. “The bank industry has been significantly destabilized as a result of the near-collapse of our economy, and a little pressure in either direction could send the whole house of cards tumbling to the ground. This legislation puts safeguards in place to make sure we don’t inadvertently set off a chain reaction through a program intended to reimburse taxpayers should a bank fail.”

18 Dec: Rice Continues to Improve the Democratic Process

TRENTON – Senator Ronald L. Rice today introduced a measure that would require voting machine systems to notify voters if they attempt to leave the polling machine without their ballot being cast.

“The public’s confidence in the election process has been shaken since the controversy in Florida during the 2000 presidential election and voting mishaps throughout the United States,” said Senator Rice, D-Essex. “It is important that we find more foolproof alternatives to our voting system so that we can uphold the sanctity of the democratic process.”