PROFIT Act of 2009

Summary

Provide a Return on Financial Investment for the Taxpayer Act of 2009 or the PROFIT Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require the Secretary of the Treasury to sell through a public auction any warrants associated with EESA assistance each time a financial institution makes a repayment of such assistance. Exempts from such requirement warrants associated with a repayment made by a financial institution that has received less than $250 million of such assistance.

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

Timeline

1. 16 July 2009

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 16 July 2009

   Introduced

   Sponsor introductory remarks on measure. (CR E1824)

   Source: IntroReferral

3. 16 July 2009

   Introduced

   Introduced in House

   Source: IntroReferral

4. 16 July 2009

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 16 July 2009 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 July 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 16 July 2009

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 16 July 2009

  Open at official source

Sponsors

• Rep. Kilroy, Mary Jo [D-OH-15] · D · Sponsor
• Brad Sherman · D · Sponsor
• Rep. Sutton, Betty [D-OH-13] · D · Sponsor
• Marcia Fudge · D · Sponsor
• Rep. Boccieri, John A. [D-OH-16] · D · Sponsor
• Jackie Speier · D · Sponsor
• Rep. Grayson, Alan [D-FL-9] · D · Sponsor
• Marcy Kaptur · D · Cosponsor
• Rep. Driehaus, Steve [D-OH-1] · D · Cosponsor
• Maxine Waters · D · Cosponsor
• MICHAEL CAPUANO · D · Cosponsor
• Daniel Lipinski · D · Cosponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.