Financial Crises And Stabilization
US Congress 111th Congress
Helping Small Business Succeed Act of 2009 [S.2918]
[Finance ]
[Small Business ]
[Budget and Spending ]
[Economic Development ]
[Funding ]
[Grants ]
Helping Small Business Succeed Act of 2009 - Amends the Small Business Act to increase maximum amounts of loans under the section 7(a) guaranteed loan program and the Microloan Program. Amends the Small Business Investment Act of 1958 to increase maximum amounts of loans to state and local development companies for plant acquisition, construction, conversion, and expansion. Increases the maximum loan guarantee percentage under the 7(a) program, effective until October 3, 2011. Amends the American Recovery and Reinvestment Act of 2009 to extend through
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Sponsored by: Sen. Arlen Specter
Sponsor Introductory Remarks On Measure. (cr S13699) on 12/21/2009
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A bill to provide that Internal Revenue Service Notice 2010-2 shall have no force and effect and to amend the Internal Revenue Code of 1986 to restrict the authority of the Secretary of the Treasury to prescribe regulations under section 382 of such Code. [S.2916]
[Taxes ]
[Finance ]
Nullifies Internal Revenue Service Notice 2010-2 (guidance regarding the application of section 382 of the Internal Revenue Code to corporations whose instruments are acquired and disposed of by the Department of Treasury pursuant to the Emergency Economic Stabilization Act of 2008). Amends the Internal Revenue Code to prohibit the Secretary of the Treasury from prescribing any regulation after December 18, 2009, that provides an exemption or special rule under such section (provisions limiting net operating loss carryforwards and certain built-in
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Sponsored by: Sen. Jim Bunning
Read Twice And Referred To The Committee On Finance. (text Of Measure As Introduced: Cr S13462) on 12/18/2009
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A bill to require the Secretary of the Treasury to provide assistance to community depository institutions under the Public-Private Investment Program, and for other purposes. [S.2867]
[Finance ]
[Budget and Spending ]
[Small Business ]
[Investments ]
Instructs the Secretary of the Treasury to dedicate at least $30 billion out of amounts made available to implement the Troubled Asset Relief Program (TARP) in order to purchase troubled assets from community depository institutions under the Public-Private Investment Program. Directs the Comptroller General, the Special Inspector General for TARP, and the Congressional Oversight Panel to report to Congress their evaluations and findings on the status and performance of such assistance. Directs the chairperson of the board of directors of the Federal
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Sponsored by: Sen. Patty Murray
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 12/10/2009
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CREATE Growth and Jobs Act [S.2855]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
[Funding ]
[Grants ]
Credit Retains Employees And Triggers Economic Growth and Jobs Act of 2009 or the CREATE Growth and Jobs Act - Authorizes the Administrator of the Small Business Administration (SBA) to make a loan of up to $1.5 million for operation, acquisition, or expansion of an eligible small business concern that is fiscally sound and creditworthy but is not able to obtain credit elsewhere. Sets forth maximum loan terms and conditions. Limits the total of such loans in any fiscal year to $10 billion. Makes certain funds under the Troubled Asset Relief Program
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Sponsored by: Sen. Robert Menendez
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 12/09/2009
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A bill to require the Secretary of Agriculture to provide emergency disaster assistance to certain agricultural producers that suffered losses during the 2009 calendar year. [S.2810]
[Agriculture ]
[Disaster Relief ]
[Funding ]
[Grants ]
[Food ]
Directs the Secretary of Agriculture to: (1) make a supplemental direct commodity payment to eligible producers that previously received such a payment; (2) make grants to states to assist eligible specialty crop producers for losses associated with drought or excessive rainfall during 2009; (3) provide supplemental assistance to eligible producers and first-handlers of the 2009 crop of cottonseed in disaster counties; (4) continue to carry out the 2002 livestock compensation program and provide assistance to any applicant that conducts a livestock
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Sponsored by: Sen. Roger Wicker
Read Twice And Referred To The Committee On Agriculture, Nutrition, And Forestry. on 11/20/2009
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TARP Sunset Act of 2009 [S.2787]
[Finance ]
[Budget and Spending ]
[Taxes ]
[Economic Development ]
TARP Sunset Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to terminate, on December 31, 2009 (as under current law), the authority of the Secretary of the Treasury to implement the Troubled Asset Relief Program (TARP). Repeals the Secretary's authority to extend the TARP program through October 3, 2010, upon submission of a written certification to Congress.
Sponsored by: Sen. Susan Collins
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 11/17/2009
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Financial Services Systemic Risk Oversight Council Act of 2009 [S.2756]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
[Investments ]
Financial Services Systemic Risk Oversight Council Act of 2009 - Establishes the Financial Services Systemic Risk Oversight Council, whose Chairman shall be appointed by the President with the advice and consent of the Senate. Prohibits the Chairman from: (1) holding any other office for which appointment by the President and confirmation by the Senate are required; or (2) participating in federal election campaign activities. Designates the following as Council members: (1) the Secretary of the Treasury; (2) the Chairman of the Board of Governors
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Sponsored by: Sen. Mark Warner
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 11/09/2009
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Too Big to Fail, Too Big to Exist Act [S.2746]
[Finance ]
[Budget and Spending ]
[Insurance ]
[Taxes ]
[Economic Development ]
Too Big to Fail, Too Big to Exist Act - Instructs the Secretary of the Treasury to: (1) submit to Congress, within 90 days after enactment of this Act, a list of all commercial banks, investment banks, hedge funds, and insurance companies that the Secretary believes are too big to fail (" Too Big To Fail List"); and (2) break up entities included on such list so that their failure would no longer cause a catastrophic effect on the United States or global economy without a taxpayer bailout.
Sponsored by: Sen. Bernard Sanders
Sponsor Introductory Remarks On Measure. (cr S11241-11242) on 11/06/2009
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Taxpayer Protection Act [S.195]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Law Enforcement ]
[Criminal Justice ]
[Economic Development ]
[Funding ]
[Grants ]
[Public Safety ]
[Crime ]
Taxpayer Protection Act - Makes a federal financial entity (the Secretary of the Treasury, members of the Financial Institutions Examination Council, and the Federal Housing Finance Agency) that provides emergency economic assistance to any private entity subject to oversight, reporting, accountability, and transparency provisions of the Emergency Economic Stabilization Act of 2008. Requires monthly reports to Congress on the recipients of such assistance and the collateral provided. Requires the intended recipient of such assistance, before receiving
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Sponsored by: Sen. Jeanne Shaheen
Sponsor Introductory Remarks On Measure. (cr S239-244) on 01/09/2009
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Bank On Our Communities Act of 2009 [S.1822]
[Finance ]
[Small Business ]
[Community Development ]
[Economic Development ]
[Funding ]
Bank On Our Communities Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to provide that the needs and viability of insured depository institutions with total assets of less than $5 billion (small financial institutions) may be taken into account by the Secretary of the Treasury when exercising authority under EESA. Establishes within the Treasury the Community Credit Renewal Fund to provide up to $15 billion in assistance to community banking institutions. Prescribes the manner in which a community banking institution
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Sponsored by: Sen. Jeff Merkley
Sponsor Introductory Remarks On Measure. (cr S10641-10642) on 10/21/2009
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Control Spending Now Act [S.1808]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Student Loans ]
[Pharmaceuticals ]
[Healthcare ]
[Trade ]
[Agriculture ]
[Mining ]
[Energy ]
[Telecommunications ]
[Medicare and Medicaid ]
[Defense ]
[Aerospace ]
[National Security ]
Control Spending Now Act - Fiscal Discipline, Earmark Reform, and Accountability Act - Amends the Standing Rules of the Senate to revise procedures for consideration of points of order against consideration of certain general appropriations bills in the Senate. Amends the Rules to require all conference reports to be searchable online. Congressional Accountability and Line Item Veto Act of 2009 - Amends the Congressional Budget and Impoundment Control Act of 1974 to authorize the President to propose the repeal of any congressional earmark or the
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Sponsored by: Sen. Russell Feingold
Sponsor Introductory Remarks On Measure. (cr S10573) on 10/20/2009
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Preserving Homes and Communities Act of 2009 [S.1731]
[Housing ]
[Finance ]
[Real Estate ]
[Budget and Spending ]
[Grants ]
[Community Development ]
[Property Tax ]
Preserving Homes and Communities Act of 2009 - Prohibits a covered mortgagee from initiating or continuing a foreclosure proceeding against a covered mortgagor that is otherwise authorized under state law unless: (1) the mortgagee has determined whether the mortgagor is eligible for a qualified loan modification (QLM); (2) the mortgagee has offered a QLM to the mortgagor, if eligible; and (3) the mortgagee has made available to the mortgagor, if ineligible for a QLM, the note, deed of trust, or any other document necessary to establish the mortgagee's
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Sponsored by: Sen. Jack Reed
Sponsor Introductory Remarks On Measure. (cr S9984-9985) on 09/30/2009
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TARP Recipient Ownership Trust Act of 2009 [S.1723]
[Finance ]
[Budget and Spending ]
[Taxes ]
[Investments ]
TARP Recipient Ownership Trust Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to authorize the Secretary of the Treasury to delegate to a private entity management authority over troubled assets with respect to any entity assisted under the Troubled Asset Relief Program (TARP). Prohibits any expenditure of TARP funds until the Secretary transfers all voting, nonvoting, and common equity in any designated TARP recipient to a limited liability company, to be held and managed in trust on behalf of U.S. taxpayers. Requires
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Sponsored by: Sen. Amy Klobuchar
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. (text Of Measure As Introduced: Cr S9932-9933) on 09/29/2009
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A bill to prohibit recipients of TARP assistance from funding ACORN, and for other purposes. [S.1710]
[Finance ]
[Housing ]
[Community Development ]
[Funding ]
[Grants ]
Amends the Emergency Economic Stabilization Act of 2008 (EESA) to prohibit any entity in receipt of financial assistance under the Trouble Asset Relief Program (TARP) (or any other program enacted by the Secretary under EESA authorities) from providing any direct or indirect assistance to, funding, promoting, or in any way contributing to the activities of the Association of Community Organizations for Reform Now (ACORN) or an ACORN-related affiliate. Exempts from this prohibition any entity that has repaid all outstanding amounts of TARP or related
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Sponsored by: Sen. Chuck Grassley
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 09/24/2009
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Pay It Back Act [S.1683]
[Budget and Spending ]
[Finance ]
[Housing ]
[Real Estate ]
[Taxes ]
[Investments ]
Pay It Back Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to revise the limitation on the authority of the Secretary of the Treasury to purchase troubled assets under the Troubled Asset Relief Program (TARP) to $700 billion outstanding at any one time. Changes the maximum authority to $700 billion, in the aggregate, or such higher amount, in the aggregate, as has been obligated or expended under TARP as of the enactment of this Act. Requires the Secretary to report to Congress every six months on transfer to the Treasury's
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Sponsored by: Sen. Amy Klobuchar
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 09/17/2009
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A bill to make available funds from the Emergency Economic Stabilization Act of 2008 for funding a voluntary employees' beneficiary association with respect to former employees of Delphi Corporation. [S.1663]
[Healthcare ]
[Labor, Jobs, Employment ]
[Medicare and Medicaid ]
[Budget and Spending ]
[Insurance ]
[Pensions ]
[Funding ]
[Grants ]
[Human Services ]
[Retirement ]
Directs the Secretary of the Treasury to enter into an agreement with a volunteer employees' beneficiary association (VEBA) established after enactment of this Act for the benefit of eligible separated employees of Delphi Corporation (and their dependents) in order to transfer amounts to the VEBA for purposes of establishing, or obtaining coverage under, a health care plan for the benefit of such employees (and dependents). Limits the application of this Act to employees with respect to whom the obligation of Delphi Corporation or General Motors
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Sponsored by: Sen. Sherrod Brown
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 09/11/2009
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SAFE Act [S.1642]
[Budget and Spending ]
[Finance ]
[Taxes ]
[Economic Development ]
Save American Free Enterprise Act or the SAFE Act - Lowers the statutory public debt limit by the aggregate amounts of $80.893 billion, plus revenues received from the sale of troubled assets purchased, or from the sale, exercise, or surrender of warrants or senior debt instruments acquired, under the Troubled Asset Relief Program (TARP) established by the Emergency Economic Stabilization Act of 2008, including interest and dividends attributable to those amounts after August 7, 2009.
Sponsored by: Sen. Sam Brownback
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 08/06/2009
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Resolution Reform Act of 2009 [S.1540]
[Finance ]
[Insurance ]
[Law Enforcement ]
[Public Safety ]
Resolution Reform Act of 2009 - Amends the Federal Deposit Insurance Act to make it the responsibility of the Federal Deposit Insurance Corporation (FDIC) and its Board of Directors, using the powers and authorities conferred by this Act, to resolve depository institution holding companies of failed or failing insured depository institutions (including their affiliates and subsidiaries). Requires the FDIC to accept appointment and act as receiver of a covered depository institution holding company if it determines, in its sole discretion, that such
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Sponsored by: Sen. Mark Warner
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. (text Of Measure As Introduced: Cr S8559-8561) on 07/30/2009
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Federal Reserve Credit Facility Review Act of 2009 [S.1457]
[Finance ]
[Budget and Spending ]
Federal Reserve Credit Facility Review Act of 2009 - Authorizes the Comptroller General to conduct reviews and onsite examinations of: (1) any credit facility established by the Federal Reserve Board or any federal reserve bank; and (2) such credit facility's establishment as the lender of last resort (including providing credit under enhancements to traditional lending facilities and credit facilities). Cites the credit facilities to which this Act applies. Grants the Comptroller General access to all records and property of any such credit facility,
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Sponsored by: Sen. Susan Collins
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 07/15/2009
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Troubled Asset Relief Program Transparency Reporting Act [S.133]
[Finance ]
[Budget and Spending ]
[Ethics ]
[Funding ]
Troubled Asset Relief Program Transparency Reporting Act - Prohibits the use by a recipient or its subsidiary of Troubled Asset Relief Program (TARP) funds under the Emergency Economic Stabilization Act of 2008 for lobbying expenditures or political contributions. Requires the Secretary of the Treasury, through enhanced internal reporting and oversight requirements, to develop and publish corporate governance principles and ethical guidelines for such recipients, including specified restrictions. Sets forth recipient reporting and certifying requirements
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Sponsored by: Sen. Dianne Feinstein
Sponsor Introductory Remarks On Measure. (cr S114-115) on 01/06/2009