Community Bank Preservation Act

Summary

Community Bank Preservation Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) with respect to the repayment of Troubled Asset Relief Program (TARP) assistance. Repeals the current requirement that revenues of, and proceeds from the sale of, troubled assets purchased under TARP, or from the sale, exercise, or surrender of warrants or senior debt instruments acquired under TARP, be paid into the general fund of the Treasury for reduction of the public debt. Requires instead that such revenues and proceeds be transfered to the Federal Deposit Insurance Corporation (FDIC) for deposit in the Deposit Insurance Fund to be used to reduce any premium increases that would otherwise be required of smaller insured depository institutions and community banks whose prudent activities did not contribute to the financial crisis.

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Timeline

1. 9 December 2009

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 9 December 2009

   Introduced

   Introduced in House

   Source: IntroReferral

3. 9 December 2009

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 9 December 2009 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 December 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 9 December 2009

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 9 December 2009

  Open at official source

Sponsors

• Marcy Kaptur · D · Sponsor
• · hsba00 · Standing

Related records

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