Financial Crises And Stabilization
US Congress 111th Congress
Health Care Freedom Act of 2009 [S.1324]
[Healthcare ]
[Taxes ]
[Insurance ]
[Medicare and Medicaid ]
[Budget and Spending ]
[Public Health ]
Health Care Freedom Act of 2009 - Amends the Internal Revenue Code to allow a tax credit for qualified health insurance costs. Allows a health savings account or an Archer medical savings account to be used to purchase a high deductible health plan. Medical Care Access Protection Act of 2009 or the MCAP Act - Sets forth provisions regulating lawsuits for health care liability claims related to the provision of health care services, including limiting noneconomic and punitive damages. Health Care Choice Act of 2009 - Amends the Public Health Service
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Sponsored by: Sen. James Inhofe
Read Twice And Referred To The Committee On Finance. on 06/23/2009
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TARP Recipient Ownership Trust Act of 2009 [S.1280]
[Finance ]
[Budget and Spending ]
[Taxes ]
[Investments ]
TARP Recipient Ownership Trust Act of 2009 - Amends Emergency Economic Stabilization Act of 2008 (EESA) to authorize the Secretary of the Treasury to delegate to a private entity management authority with respect to any entity assisted under the Act. Prohibits any expenditure of funds under the Troubled Asset Relief Program (TARP) 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 the trustees
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Sponsored by: Sen. Amy Klobuchar
Sponsor Introductory Remarks On Measure. (cr S6727) on 06/17/2009
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STAR Act of 2009 [S.1243]
[Budget and Spending ]
[Finance ]
[Taxes ]
Stop Tarp Asset Recycling Act of 2009 or the STAR Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require, beginning upon enactment of this Act, all repayments of funds and all proceeds from the sale of federally-acquired assets under the Troubled Asset Relief Program (TARP) to be used to reduce the public debt.
Sponsored by: Sen. Richard Burr
Sponsor Introductory Remarks On Measure. (cr S6550-6551) on 06/11/2009
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Government Ownership Exit Plan Act of 2009 [S.1242]
[Finance ]
[Budget and Spending ]
[Taxes ]
[Investments ]
[Housing ]
[Real Estate ]
[Economic Development ]
Government Ownership Exit Plan Act of 2009 - Prohibits the federal government from acquiring, directly or indirectly, any ownership interest in a troubled asset described in the Emergency Economic Stabilization Act of 2008 (EESA) that was purchased from a financial institution by the Secretary of the Treasury. Requires the Secretary to divest the government of any such interest not later than July 1, 2010, with exceptions allowing ownership interests of not more than six months if: (1) divestiture would have a significant adverse impact on taxpayers;
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Sponsored by: Sen. John McCain
Sponsor Introductory Remarks On Measure. (cr S6533-6534, S6549-6550) on 06/11/2009
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Free Enterprise Act of 2009 [S.1223]
[Finance ]
[Budget and Spending ]
[Economic Development ]
Free Enterprise Act of 2009 - Requires congressional approval before any Troubled Asset Relief Program (TARP) funds are provided or obligated to any entity, on and after May 29, 2009, whose receipt of such funds would result in federal government acquisition of its common or preferred stock.
Sponsored by: Sen. Chuck Grassley
Sponsor Introductory Remarks On Measure. (cr S6454) on 06/10/2009
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Supplemental Appropriations Act, 2009 [S.1054]
[Agriculture ]
[Defense ]
[Finance ]
[International ]
[Crime ]
[Energy ]
[Healthcare ]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Public Safety ]
[Children and Youth ]
[Disaster Relief ]
[Funding ]
[Grants ]
[Military ]
[National Security ]
[Public Health ]
[Veterans ]
[Infrastructure ]
[Air Quality ]
Supplemental Appropriations Act, 2009 - Makes supplemental appropriations for FY2009 to: (1) the Department of Agriculture for the Foreign Agricultural Service for Public Law 480 Title II grants (supplemental food program); (2) the Department of Commerce for Economic Development Administration (EDA) for assistance programs; and (3) the Department of Justice (DOJ), including for U.S. Marshals Services, the National Security Division, the Federal Bureau of Investigation (FBI), the Drug Enforcement Administration (DEA), the Bureau of Alcohol, Tobacco,
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Sponsored by: Sen. Daniel Inouye
Committee On Appropriations. Original Measure Reported To Senate By Senator Inouye. With Written Report No. 111-20. on 05/14/2009
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Expressing the sense of the House that any unobligated funds authorized for expenditure by the Troubled Asset Relief Program (TARP) should be used to create jobs for United States citizens. [HR-950]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Economic Development ]
States that the House of Representatives recognizes that: (1) the top priority of the United States is job creation; (2) "shovel-ready" projects exist nationwide that could create more than one million jobs, given adequate public investment; and (3) the $139.3 billion of unobligated funds authorized for expenditure by the Troubled Asset Relief Program (TARP) should be used to create jobs for U.S. citizens.
Sponsored by: Rep. Henry Johnson
Referred To The House Committee On Financial Services. on 12/08/2009
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Expressing the sense of the House of Representatives that the Federal banking regulators should, with respect to well-managed community-based depository institutions, permit appropriate capital forbearance, troubled debt restructuring accounting practices, and other time-tested measures that would allow such institutions to continue to provide for the financial vitality for our Nation's small businesses and family farms. [HR-943]
[Finance ]
[Small Business ]
[Agriculture ]
[Economic Development ]
Expresses the sense of the House that all state and federal agencies which regulate community-based depository institutions should develop policies that permit such institutions that are well-managed to: (1) maintain capital temporarily at levels less than that currently required, conditioned upon regulatory approval of an appropriate plan to restore capital levels by a date certain; and (2) account temporarily for troubled debt restructuring in a manner which allows a loan to be carried on the institution's books without loss recognition if the
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Sponsored by: Rep. Jared Polis
Referred To The House Committee On Financial Services. on 12/03/2009
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Expressing the sense of the House of Representatives that any interest or dividends repaid to the government through the Troubled Asset Relief Program should be used solely for debt reduction, consistent with the authorizing legislation and Article One, Section Nine of the United States Constitution. [HR-714]
[Budget and Spending ]
[Finance ]
[Taxes ]
Expresses the sense of the House of Representatives that any funds repaid to the federal government or any interest or dividends on those funds should be used solely for debt reduction, consistent with the Emergency Economic Stabilization Act of 2008 (EESA), and with Article One, Section Nine of the United States Constitution.
Sponsored by: Rep. Peter DeFazio
Referred To The House Committee On Financial Services. on 07/31/2009
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Expressing the sense of the House of Representatives that any interest or dividends repaid to the government through the Troubled Asset Relief Program should be used solely for debt reduction, consistent with the authorizing legislation and Article One, Section Nine of the United States Constitution. [HR-639]
[Budget and Spending ]
[Finance ]
[Taxes ]
Expresses the sense of the House of Representatives that any funds repaid to the federal government or any interest or dividends on those funds should be used solely for debt reduction, consistent with the Emergency Economic Stabilization Act of 2008 (EESA), and with Article One, Section Nine of the United States Constitution.
Sponsored by: Rep. Doug Lamborn
Referred To The House Committee On Financial Services. on 07/13/2009
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Requesting that the President transmit to the House of Representatives all information in his possession relating to certain specific communications with and financial assistance provided to General Motors Corporation and Chrysler LLC. [HR-591]
[Finance ]
[Labor, Jobs, Employment ]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Manufacturing ]
[Economic Development ]
[Funding ]
[Trade ]
Requests the President to transmit to the House of Representatives documents and communications concerning specified aspects of the role of the Presidential Task Force on the Auto Industry (Task Force) in connection with the 2009 bankruptcy proceedings of General Motors Corporation and Chrysler LLC (GM and Chrysler), as well as: (1) Task Force interaction with any other entity regarding GM or Chrysler dealerships selected for closure; (2) the role of the Task Force concerning employee and retiree benefits of GM and the Delphi Corporation, including
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Sponsored by: Rep. Robert Latta
Reported (amended) By The Committee On Financial Services. H. Rept. 111-231. on 07/24/2009
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Expressing the sense of the House of Representatives that the Federal Government should relinquish its temporary ownership interests in the General Motors Corporation and Chrysler Group, LLC, as soon as possible and should not micromanage or unduly intercede in management decisions of such companies. [HR-571]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Economic Development ]
[Manufacturing ]
Expresses the sense of the House of Representatives that the federal government should: (1) divest itself of its temporary ownership interest in the General Motors Corporation and the Chrysler Group, LLC, as quickly as possible; and (2) not micromanage and unduly intercede in the management of the automobile companies in which it takes such an interest.
Sponsored by: Rep. Timothy Walz
Referred To The House Committee On Financial Services. on 06/19/2009
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Expressing the sense of the House of Representatives that the Secretary of the Treasury and the Chairman of the Board of Governors of the Federal Reserve System should protect and enhance consumer and business access to credit by utilizing the provisions of the Federal Reserve Act and the Emergency Economic Stabilization Act of 2008, and reserving access to liquidity programs for those financial institutions that have maintained or increased lending activities since the height of our economic crisis in October 2008. [HR-553]
[Finance ]
[Consumer Protection ]
[Small Business ]
[Economic Development ]
Expresses the sense of the House of Representatives that the Secretary of the Treasury and the Chairman of the Board of Governors of the Federal Reserve System should: (1) protect and enhance American consumers' and businesses' access to credit; (2) encourage credit card issuers, banks, and other creditors to recognize long-standing customers who are in good standing by not cutting their credit lines or raising their interest rates; and (3) reserve access to programs under the Federal Reserve Act and the Emergency Response Stabilization Act for
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Sponsored by: Rep. Lacy Clay
Referred To The House Committee On Financial Services. on 06/17/2009
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Establishing a select committee to make a thorough and complete investigation of the causes of the current financial crisis and other matters. [HR-345]
[Finance ]
[Economic Development ]
Establishes a select committee in the House to investigate the causes of the current financial crisis and to report its findings during the current Congress.
Sponsored by: Rep. James McGovern
Sponsor Introductory Remarks On Measure. (cr H4553) on 04/21/2009
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Directing the Secretary of the Treasury to transmit to the House of Representatives all information in his possession relating to specific communications with American International Group, Inc. (AIG). [HR-251]
[Finance ]
[Budget and Spending ]
[Taxes ]
Directs the Secretary of the Treasury to transmit to the House of Representatives copies of all Department of the Treasury documents, records, and communications referring or relating to: (1) any negotiation concerning the controlled break-up of the American International Group, Inc. (AIG) into at least three government-controlled divisions; (2) any negotiation concerning any additional assistance under title I of the Emergency Economic Stabilization Act of 2008, or other program administered by the Secretary to such corporation; or (3) any government
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Sponsored by: Rep. Ted Poe
Reported By The Committee On Financial Services. H. Rept. 111-84. on 04/23/2009
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Providing that the Congress should stop passing massive Government bailouts. [HR-199]
[Budget and Spending ]
[Finance ]
Expresses the sense of the House of Representatives that Congress should stop passing massive government bailouts.
Sponsored by: Sen. Marsha Blackburn
Referred To The House Committee On Financial Services. on 02/26/2009
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Relating to the disapproval of obligations under the Emergency Economic Stabilization Act of 2008. [HJR-3]
[Finance ]
[Budget and Spending ]
[Economic Development ]
Disapproves the obligation of any amount to purchase troubled assets under the Emergency Economic Stabilization Act of 2008 exceeding those already obligated (namely, $250 billion, or upon presidential certification, $350 billion).
Sponsored by: Rep. Ted Poe
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/26/2009
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Safeguarding America's Future Economy Act of 2009 [HJR-27]
[Budget and Spending ]
[Finance ]
[Economic Development ]
Safeguarding America's Future Economy Act of 2009 - Establishes a bipartisan Joint Select Committee on Long-Term Financial Security.
Sponsored by: Rep. Don Young
Referred To The House Committee On Rules. on 03/03/2009
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Relating to the disapproval of obligations under the Emergency Economic Stabilization Act of 2008. [HJR-19]
[Finance ]
[Budget and Spending ]
[Small Business ]
[Community Development ]
[Economic Development ]
Disapproves the obligation of any amount to purchase troubled assets under the Emergency Economic Stabilization Act of 2008 exceeding those already obligated (namely, $250 billion, or upon presidential certification, $350 billion outstanding at any one time). Approves, however, an amount up to 30% of the amount exceeding such obligated amounts for use solely to provide assistance to specified smaller community depository institutions, including privately held and other C corporations, community development financial institutions, non-stock corporations,
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Sponsored by: Rep. Phil Gingrey
Referred To The House Committee On Financial Services. on 01/15/2009
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Expressing the sense of the Congress regarding executive and employee bonuses paid by AIG and other companies assisted with taxpayer funds provided under the Troubled Assets Relief Program of the Secretary of the Treasury. [HCR-76]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Labor, Jobs, Employment ]
[Economic Development ]
Expresses the sense of Congress that the President is appropriately exercising authorities under the Emergency Economic Stabilization Act of 2008 and other federal laws by taking all necessary actions to ensure that: (1) American International Group, Inc. (AIG) will repay taxpayers for retention bonuses paid to its executives and employees; (2) companies that receive a capital infusion under the Emergency Economic Stabilization Act of 2008 are prohibited from paying unreasonable and excessive bonuses to their executives and employees; and (3) such
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Sponsored by: Rep. Gerald Connolly
Referred To The House Committee On Financial Services. on 03/19/2009