CALIFORNIA | LOCAL
October 12, 2012
Sam M. Gibbons Longtime Florida congressman Former U.S. Rep. Sam M. Gibbons, 92, a Democrat who served 17 terms in Congress and rose to head the powerful Ways and Means Committee before his retirement, died in his sleep late Tuesday or early Wednesday at a retirement home in Tampa, Fla., according to his son Tim. Elected in 1962, Gibbons never lost an election and was among the Tampa Bay region's best-known politicians. He pushed through legislation to create the University of South Florida while serving in the Florida Legislature in the 1950s.
BUSINESS
May 10, 1989 | From Associated Press
House tax writers today rebuffed President Bush's savings and loan bailout plan and approved an alternative that will add $50 billion to the federal deficit over the next three years. On a 25-11 vote with two of 11 Republicans siding with all its Democrats, the House Ways and Means Committee rejected Bush's proposal for a sale of 30-year bonds to be issued by a new quasi-government agency. The committee approved an amendment by Rep. Sam Gibbons of Florida, the second-ranking Democrat on the committee, that would put the $50-billion immediate taxpayer share of the bailout's costs in the fiscal 1989, 1990 and 1991 budgets.
BUSINESS
August 16, 1993 | From Times Staff and Wire Reports
Clinton Expected to Lift Embargo, Congressman Says: The U.S. economic embargo against Vietnam is no longer effective and will eventually be lifted by President Clinton, the head of a congressional trade team said Friday. Sam M. Gibbons (D-Fla.) said U.S. business executives living in Hanoi had told the delegation that the embargo was harming U.S. interests now that Clinton had lifted a U.S. ban on new multilateral lending for Vietnam.
NEWS
March 7, 1998 | From Associated Press
Cuba put on a lavish welcome for more than 50 U.S. business executives on Friday, urging them to work against an American trade embargo and trying to interest them in now-prohibited business opportunities. "The main argument against the U.S. policy is that it is not working . . . except in damaging U.S. interests," Cuban parliament President Ricardo Alarcon told the group. Since 1961, most U.S. business and travel to Cuba have been restricted by an embargo.
NEWS
February 23, 1988 | Associated Press
Trade is one of the centerpieces of Rep. Richard A. Gephardt's presidential campaign, but his trade retaliation amendment may be scuttled from a House-passed trade measure in an effort to save the overall bill, congressional leaders say. But lawmakers suggest that as a courtesy to the Missouri congressman, the conferees will wait until after the March 8 Super Tuesday primary elections before formally abandoning the proposal. "The Gephardt provision will be dropped.