The moves by the U.S. Federal Reserve, the European Central Bank, the Bank of Japan and other central banks of the world servenotice that they are in unison on making sure the European Union debt crisis does not spread into a worldwide financial contagion.
It urges the Congress to servenotice that early hearings will be held on this proposal and to discourage the Administration from taking any steps that would commit the United States to make such a deployment prior to those deliberations.
Companies could be barred from using rolling contracts - where the contract is renewed each day so that at any given time directors have a fixed notice period to serve - to get around limits on the length of time they may serve.
At a meeting on Tuesday, the council decided to serve a repairs notice but pledged to work with the hotel to offer "help, advice and financial assistance".