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Cote goes on to cite another section of the Securities Act that may also apply, but says, "[A]gain because J.P. Morgan does not comment on this provision in it [the legal brief], it is unnecessary to explore that issue here".
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Doug Irwin offers a little of both arguments, and Brad DeLong writes what is probably my favourite comment on the provision:If there's little excess capacity in the U.S. steel industry--so that the price of steel is high enough to induce people to look outside for suppliers--then a stimulus won't be much needed.
Asked for comment on the provision being included in a must-pass bill, a company spokeswoman pointed HuffPost to a recent blog post by Ed Skyler, executive vice president for global public affairs, outlining why banks back the provision being repealed.
Spokespeople for Senators Mitch McConnell and Charles Schumer, Congresswoman Nancy Pelosi, and Congressman Kevin McCarthy did not respond to a request for comment on the baseball provision.
After The Associated Press contacted the office of Representative Tom Davis, chairman of the House Committee on Government Reform, for comment on the link provision, Davis wrote a letter to Selig and Fehr.
The governor's office did not immediately respond to a request for comment on the budget provision.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com