March 10th, 2010
05:56 PM ET

House Dems plan ban on earmarks for for-profits

House Democrats said Wednesday they will ban earmarks directed to for-profit companies.

The move, announced by the Appropriations Committee, would apply to government spending bills Congress is considering for next year. But the committee said in a written statement the new rules are also "intended to become a long term proposition."

In addition to the ban on earmarks aimed at for-profit businesses, the Appropriations Committee said it plans greater oversight of earmarks going to non-profits, directing executive agencies to audit 5 percent of all of those earmarks to make sure they are, in fact, being used as intended.

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