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United States · Bill · HR

H.R. 710 (111th)

Public Retiree's Investment Act of 2009

referredUnited States· United States Congress· EN

Introduced

27 January 2009

Last action

27 January 2009 · Introduced

Status

Referred to House Ways and Means

Sponsors

Rep. Ackerman, Gary L. [D-NY-5], Rep. Moore, Gwen [D-WI-4]

Subjects

Discovery layer

Source updated

14 August 2025

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Summary

Public Retiree's Investment Act of 2009 - Authorizes the Secretary of the Treasury to guarantee eligible investments, or reguarantee a guarantee of eligible investments, by any public pension bank capital infusion fund mutually owned by state and local pension plans for the sole purpose of investing in preferred stocks of U.S. banking institutions. Requires each public pension plan with a mutual ownership interest in a capital infusion fund to be authorized by state law to establish, or participate in the formation of, a wholly owned mutual fund or a limited liability corporation, in the case of joint ownership with other public pension plans. Caps the maximum amount of investments by such such a capital infusion fund at $50 billion. Restricts eligible investments to those in the preferred stock of a qualifying financial institution under the Troubled Asset Relief Program (TARP) Capital Purchase Program established under the Emergency Economic Stabilization Act of 2008 (EESA).

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

Timeline

  1. 27 January 2009

    Introduced

    Referred to House Financial Services

    Source: IntroReferral

  2. 27 January 2009

    Introduced

    Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  3. 27 January 2009

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 27 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 · 27 January 2009

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  • Introduced in House (PDF)

    Introduced in House · EN · 27 January 2009

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 27 January 2009

    Open at official source

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Sponsors

Related records

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Sources

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