Geithner’s first act at Treasury, announced this morning, was issuing new rules that take aim at limiting the influence of lobbyists seeking rescue funds from the department’s $700 billion financial rescue program. The rules, which are modeled on restrictions already in use that limit lobbying on tax matters, would restrict employees’ contact with lobbyists in connection with applications for bailout funds or disbursement of those funds. They also require certification to Congress that decisions for using the bailout money are based only on investment criteria and the facts of the case.

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