Relating to the disapproval of obligations under the Emergency Economic Stabilization Act of 2008.

Summary

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, S-corporations, and mutually owned insured depository institutions.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 January 2009

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• Introduced in House (PDF)

  Introduced in House · EN · 15 January 2009

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• Introduced in House

  summary · EN · 15 January 2009

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