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United States · Bill · HR

H.R. 467 (111th)

Equitable Treatment of State and Local Governments Act of 2009

referredUnited States· United States Congress· EN

Introduced

13 January 2009

Last action

13 January 2009 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Rep. Speier, Jackie [D-CA-14], Rep. Eshoo, Anna G. [D-CA-18], Rep. Sánchez, Linda T. [D-CA-38], Rep. Connolly, Gerald E. [D-VA-11], Sen. Schiff, Adam B. [D-CA], Rep. Grayson, Alan [D-FL-9], Rep. Perlmutter, Ed [D-CO-7], Rep. Ellison, Keith [D-MN-5], Rep. Baca, Joe [D-CA-43], Rep. Farr, Sam [D-CA-20], Rep. Filner, Bob [D-CA-51], Rep. Salazar, John T. [D-CO-3]

Subjects

Discovery layer

Source updated

14 August 2025

Summary

Equitable Treatment of State and Local Governments Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Secretary of the Treasury to purchase at face value debt instruments issued by Lehman Brothers Holdings Inc. which: (1) were held as of September 15, 2008, by any state or local government, or any other public entity or instrumentality established under state law; (2) have been held by such entity continuously since such date; and (3) are subject to bankruptcy proceedings filed on September 15, 2008, by Lehman Brothers Holdings Inc. Declares that the Secretary: (1) shall be substituted as a creditor in any bankruptcy proceeding for any state or local government, or any other public entity or instrumentality established under state law from which the Secretary purchases a debt instrument; and (2) has the same standing in such proceedings with respect to other creditors as the state or local government or public entity for which the Secretary is substituted.

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

Timeline

  1. 13 January 2009

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 13 January 2009

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 13 January 2009

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 13 January 2009

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 13 January 2009

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 13 January 2009

    Open at official source

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Sponsors

Related records

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Sources

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