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United States · Bill · HR

H.R. 1180 (111th)

To amend the Emergency Economic Stabilization Act of 2008 to prohibit the Secretary of the Treasury from receiving common stock or certain other voting stock under the Troubled Asset Relief Program, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

25 February 2009

Last action

25 February 2009 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Rep. Neugebauer, Randy [R-TX-19], Rep. Hensarling, Jeb [R-TX-5], Rep. Pence, Mike [R-IN-6], Rep. Franks, Trent [R-AZ-8], Rep. Shadegg, John B. [R-AZ-3], Rep. Posey, Bill [R-FL-8], Rep. Bachmann, Michele [R-MN-6], Rep. Fallin, Mary [R-OK-5], Rep. Wamp, Zach [R-TN-3], Rep. Brown, Henry E., Jr. [R-SC-1], Rep. Bishop, Rob [R-UT-1], Sen. Blackburn, Marsha [R-TN], Rep. Lamborn, Doug [R-CO-5], Rep. Burton, Dan [R-IN-5], Rep. Jones, Walter B., Jr. [R-NC-3], Rep. Granger, Kay [R-TX-12], Rep. Gohmert, Louie [R-TX-1], Rep. Garrett, Scott [R-NJ-5], Rep. Emerson, Jo Ann [R-MO-8], Rep. Wittman, Robert J. [R-VA-1], Rep. Johnson, Sam [R-TX-3], Rep. Latta, Robert E. [R-OH-5], Rep. Foxx, Virginia [R-NC-5], Rep. Linder, John [R-GA-7]

Subjects

Discovery layer

Source updated

6 February 2024

Summary

Amends the Emergency Economic Stabilization Act of 2008 (EESA) to prohibit the Secretary of the Treasury from: (1) making any purchase for which the Secretary receives control-diluting stock; or (2) converting into control-diluting stock any security received by the Secretary (other than a warrant). Defines control-diluting stock as: (1) common stock of a financial institution; (2) any other voting stock of a financial institution other than voting stock whose voting power the Secretary agrees not to exercise; or (3) a warrant giving the Secretary the right to receive either of such stock.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 25 February 2009

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 25 February 2009

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 25 February 2009

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 25 February 2009

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 25 February 2009

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 25 February 2009

    Open at official source

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Sponsors

Related records

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Sources

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