Financial Crises And Stabilization
US Congress 111th Congress
A joint resolution relating to the disapproval of obligations under the Emergency Economic Stabilization Act of 2008. [SJR-5]
[Budget and Spending ]
[Finance ]
[Economic Development ]
Declares that Congress disapproves the obligation of any funds that exceed specified amounts authorized for the purchase of troubled assets by the Secretary of the Treasury under the Emergency Economic Stabilization Act of 2008.
Sponsored by: Sen. Michael Enzi
Measure Laid Before Senate By Unanimous Consent. (consideration: Cr S559-563, S565-587) on 01/15/2009
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A bill to provide that certain provisions of subchapter I of chapter 35 of title 44, United States Code, relating to Federal information policy shall not apply to the collection of information during any investigation, audit, inspection, evaluation, or other review conducted by any Federal office of Inspector General, and for other purposes. [S.976]
[Cybersecurity ]
[Technology and Innovation ]
[Law Enforcement ]
[National Security ]
Provides that certain federal information policy provisions shall not apply to the collection of information during any investigation, audit, inspection, evaluation, or other review conducted by: (1) any federal office of Inspector General; (2) the Council of the Inspectors General on Integrity and Efficiency; or (3) the Recovery Accountability and Transparency Board.
Sponsored by: Sen. Chuck Grassley
Sponsor Introductory Remarks On Measure. (cr S5132-5133) on 05/05/2009
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TARP Accountability Act of 2009 [S.928]
[Finance ]
[Budget and Spending ]
[Taxes ]
[Consumer Protection ]
[Economic Development ]
TARP Accountability Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 to require that the Secretary of the Treasury's 30-day Troubled Asset Relief Program (TARP) reports to Congress include information on the use of capital investments by each financial institution.
Sponsored by: Sen. Bob Corker
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/29/2009
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A bill to amend the Emergency Economic Stabilization Act of 2008, to provide for additional monitoring and accountability of the Troubled Asset Relief Program. [S.910]
[Budget and Spending ]
[Finance ]
Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Secretary of the Treasury to provide to the Special Inspector General of the Troubled Asset Relief Program (TARP), the Comptroller General, and the Congressional Oversight Panel ongoing, continuous, and close to real-time updates of the status of the use of funds distributed under EESA, including with respect to procurement contracts, through a standardized electronic database that combines all of the necessary information from existing public and private sources to track
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Sponsored by: Sen. Amy Klobuchar
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/28/2009
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Helping Families Save Their Homes Act of 2009 [S.896]
[Housing ]
[Real Estate ]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
[Senior Citizens ]
[Veterans ]
[Funding ]
[Grants ]
[Poverty ]
[Property Tax ]
[Public Safety ]
[Law Enforcement ]
[Community Development ]
[Human Services ]
[Disaster Relief ]
[Family-Related Legislation ]
[Children and Youth ]
[Mental Health ]
[Public Health ]
[Criminal Justice ]
[Labor, Jobs, Employment ]
[Small Business ]
[Economic Development ]
Division A: Preventing Mortgage Foreclosures - Helping Families Save Their Homes Act of 2009 - Title I: Prevention of Mortgage Foreclosures - (Sec. 101) Amends the Housing Act of 1949 with respect to guaranteed rural housing loans to require mortgagees, upon either actual or imminent default of a guaranteed mortgage, to engage in loss mitigation actions as an alternative to foreclosure (including special forbearance, loan modification, pre-foreclosure sale, deed in lieu of foreclosure, support for borrower housing counseling, subordinate lien resolution,
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Sponsored by: Sen. Richard Durbin
Became Public Law No: 111-22. on 05/20/2009
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Helping Families Save Their Homes Act of 2009 [S.895]
[Finance ]
[Real Estate ]
[Housing ]
[Veterans ]
[Agriculture ]
[Consumer Protection ]
[Law Enforcement ]
[Property Tax ]
[Public Safety ]
[Economic Development ]
[Funding ]
[Grants ]
[Investments ]
Helping Families Save Their Homes Act of 2009 - Amends federal bankruptcy law governing a Chapter 13 debtor (adjustment of debts of an individual with regular income). Excludes from computation of debts specified debts secured by the debtor's principal residence. Applies the credit counseling requirement to a Chapter 13 debtor who certifies receipt of notice that the holder of a claim secured by the debtor's principal residence may commence a foreclosure on it. Allows such a debtor to satisfy the requirement within 30 days after filing a petition
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Sponsored by: Sen. Richard Durbin
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 51. on 04/27/2009
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Debt Reduction Priority Act [S.869]
[Budget and Spending ]
[Finance ]
[Taxes ]
[Economic Development ]
Debt Reduction Priority Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require the Secretary of the Treasury to deposit in the Public Debt Reduction Payment Account (established by this Act) amounts received for repayment of financial assistance or payment of interest on the receipt of such assistance by an entity under the Troubled Asset Relief Program (TARP) or any program enacted by the Secretary under the authorities granted under such Act, including the Capital Purchase Program. Requires the Secretary to use amounts
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Sponsored by: Sen. Michael Enzi
Read Twice And Referred To The Committee On Finance. on 04/22/2009
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Debt Reduction Priority Act [S.862]
[Budget and Spending ]
[Finance ]
[Taxes ]
[Economic Development ]
Debt Reduction Priority Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require the Secretary of the Treasury to establish a procedure for: (1) depositing in the General Fund of the Treasury amounts received for repayment of financial assistance or payment of interest on the receipt of such assistance by an entity under the Troubled Asset Relief Program (TARP) or any program enacted by the Secretary under the authorities granted under such Act, including the Capital Purchase Program; and (2) dedication of any such amounts
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Sponsored by: Sen. John Thune
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/22/2009
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A bill to provide enhanced authority to the Congressional Oversight Panel established pursuant to the Emergency Economic Stabilization Act of 2008. [S.836]
[Finance ]
[Budget and Spending ]
[Economic Development ]
[Law Enforcement ]
Amends the Emergency Economic Stabilization Act of 2008 (EESA) to grant subpoena power to the Congressional Oversight Panel (which reviews the current state of the financial markets and the regulatory system) to require the attendance and testimony of witnesses and the production of books, records, correspondence, memoranda, papers, documents, tapes, and materials.
Sponsored by: Sen. Ron Wyden
Sponsor Introductory Remarks On Measure. (cr S4449) on 04/20/2009
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A bill to limit Federal emergency economic assistance payments to certain recipients. [S.680]
[Budget and Spending ]
[Finance ]
[Economic Development ]
Limits to $150 billion in the aggregate all payments to any person (including affiliates) under the Troubled Asset Relief Program (TARP) under the Emergency Economic Assistance Act of 2008 (EESA) or any other federal emergency economic assistance program.
Sponsored by: Sen. James Inhofe
Sponsor Introductory Remarks On Measure. (cr S3671-3672) on 03/24/2009
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Financial System Stabilization and Reform Act of 2009 [S.664]
[Finance ]
[Consumer Protection ]
Financial System Stabilization and Reform Act of 2009 - Establishes an independent Financial Stability Council to: (1) review, and approve or prohibit issuance of, or require modification of, any rule or regulation issued by any federal financial regulator; (2) require each federal financial regulator to issue or revise its rules and regulations in conformance with the Council's determination; (3) review new financial products and services and recommend regulations for them to the appropriate federal financial regulator; and (4) direct each federal
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Sponsored by: Sen. Susan Collins
Sponsor Introductory Remarks On Measure. (cr S3611-3613) on 03/23/2009
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Compensation Fairness Act of 2009 [S.651]
[Finance ]
[Taxes ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Small Business ]
[Economic Development ]
Compensation Fairness Act of 2009 - Amends the Internal Revenue Code to impose an excise tax on excessive bonuses paid by federal emergency economic assistance recipients to their employees (including directors or officers). Sets the overall rate of such tax at 70% of the amount of such bonuses, 35% payable by federal emergency economic assistance recipients and 35% payable by the employees of such recipients. Exempts bonus recipients who repay bonus amounts to the federal government. Defines "excessive bonus" as any retention bonus or other bonus
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Sponsored by: Sen. Chuck Grassley
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 37. on 03/23/2009
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TARP Oversight Enhancement Act [S.521]
[Finance ]
[Budget and Spending ]
[Economic Development ]
TARP Oversight Enhancement Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to bring under the oversight authority of the Comptroller General any entity participating in the Troubled Asset Relief Program (TARP) whose sole expenditure, transaction, or commitment to purchase (or any pattern of such): (1) exceeds $10,000, in aggregate; and (2) is not essential to ensuring the entity's recovery, restoring its solvency, improving its liquidity, enhancing returns for its investors, and increasing its net worth.
Sponsored by: Sen. James Inhofe
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 03/03/2009
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Federal Reserve Transparency Act [S.513]
[Finance ]
[Budget and Spending ]
[Small Business ]
[Consumer Protection ]
[Economic Development ]
Federal Reserve Transparency Act - Directs the Board of Governors of the Federal Reserve System to publish on its website, with respect to all loans and other financial assistance it has provided since March 24, 2008: (1) the identity of each business, individual, or entity to which the Board has provided such assistance; (2) the type of financial assistance provided; (3) its value or amount; (4) the date on which it was provided; (5) the specific terms of any repayment expected, including the repayment time period, interest charges, collateral,
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Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 03/03/2009
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FBI Priorities Act of 2009 [S.481]
[Finance ]
[Crime ]
[Budget and Spending ]
FBI Priorities Act of 2009 - Authorizes appropriations for FY2010-FY2014 to fund 1,000 additional Federal Bureau of Investigation (FBI) field agents to investigate financial crimes.
Sponsored by: Sen. Sheldon Whitehouse
Sponsor Introductory Remarks On Measure. (cr S2484) on 02/25/2009
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TARP Taxpayer Protection and Corporate Responsibility Act of 2009 [S.463]
[Finance ]
[Taxes ]
[Consumer Protection ]
[Budget and Spending ]
TARP Taxpayer Protection and Corporate Responsibility Act of 2009 - Prohibits any recipient of assistance under the Troubled Asset Relief Program (TARP) from sponsoring, hosting, or paying for entertainment or holiday events during the calendar year in which such assistance is received or the next occurring calendar year. Authorizes the Secretary of the Treasury to waive such prohibition. Subjects violations of this Act to civil penalties.
Sponsored by: Sen. John Kerry
Sponsor Introductory Remarks On Measure. (cr S2429) on 02/24/2009
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Economic Recovery Adjustment Act of 2009 [S.431]
[Finance ]
[Budget and Spending ]
[Taxes ]
[Economic Development ]
[Funding ]
[Grants ]
[Law Enforcement ]
Economic Recovery Adjustment Act of 2009 - Establishes within the Department of Justice the Office of the Taxpayer Advocate to conduct audits and oversight of the compensation of the officers and directors of entities assisted under the Troubled Asset Relief Program (TARP). Authorizes the Advocate to assist the Secretary of the Treasury in the negotiation of TARP assistance in order to: (1) assure that fair and reasonable executive compensation is paid by entities receiving TARP funds; and (2) defend such agreements in the event of any challenge
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/12/2009
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Financial Crisis Investigation Act of 2009 [S.400]
[Finance ]
[Housing ]
[Law Enforcement ]
[Consumer Protection ]
[Economic Development ]
Financial Crisis Investigation Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Oversight Panel of the Troubled Asset Relief Program (TARP) to: (1) investigate all causes, domestic and global, of the current financial and economic crisis in the United States, including the collapse of major financial and commercial firms and the deterioration of the credit and housing markets; (2) investigate the role in the financial and economic crisis, if any, of specified governmental and private sector entities; (3)
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Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/09/2009
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FERA [S.386]
[Finance ]
[Real Estate ]
[Housing ]
[Law Enforcement ]
[Budget and Spending ]
[Consumer Protection ]
[Economic Development ]
[Criminal Justice ]
[Public Safety ]
[Crime ]
Fraud Enforcement and Recovery Act of 2009 or FERA - (Sec. 2) Amends the federal criminal code to include within the definition of "financial institution" a mortgage lending business or any person or entity that makes, in whole or in part, a federally related mortgage loan. Defines "mortgage lending business" as an organization that finances or refinances any debt secured by an interest in real estate, including private mortgage companies and their subsidiaries, and whose activities affect interstate or foreign commerce. Extends the prohibition
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Sponsored by: Sen. Chuck Grassley
Became Public Law No: 111-21. on 05/20/2009
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Special Inspector General for the Troubled Asset Relief Program Act of 2009 [S.383]
[Finance ]
[Budget and Spending ]
[Law Enforcement ]
[National Security ]
Special Inspector General for the Troubled Asset Relief Program Act of 2009 - (Sec. 2) Amends the Emergency Economic Stabilization Act of 2008 to grant the Special Inspector General (SIG) authority to conduct, supervise, and coordinate an audit or investigation of any action taken with regard to the Troubled Asset Relief Program (TARP) that the SIG deems appropriate.Prohibits any audit or investigation, however, of any action related to: (1) graduated authorization to purchase troubled assets; (2) oversight and audits by the Comptroller General;
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Sponsored by: Sen. Susan Collins
Became Public Law No: 111-15. on 04/24/2009