No BAILOUTS Act of 2008

Summary

Bringing Accounting, Increased Liquidity, Oversight and Upholding Taxpayer Security Act of 2008 or the No BAILOUTS Act of 2008 - Directs the Securities and Exchange Commission (SEC) to report to Congress on the effect of its clarification on fair value accounting issued September 30, 2008. States that the order of the SEC issued September 17, 2008, continues in effect until: (1) canceled or withdrawn by the SEC; or (2) repealed by an Act of Congress. Directs the SEC to: (1) reinstate rule 10a-1 (uptick rule on short sales of securities); (2) rescind rule 201 of regulation SHO; and (3) reinstate the price test restrictions that applied to short sales of securities before its action in the proceeding entitled "Regulation SHO and Rule 10a-1," adopted June 28, 2007. Requires the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) to establish a net worth certificate program to provide capital to assist insured depository institutions to resolve solvency problems. Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to increase from $100,000 to $250,000 the standard maximum deposit and share insurance amount.

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

Timeline

1. 2 October 2008

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 2 October 2008

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 October 2008

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 2 October 2008 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 October 2008

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 October 2008

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 2 October 2008

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. DeFazio, Peter A. [D-OR-4] · D · Sponsor
• Rep. Jones, Walter B., Jr. [R-NC-3] · R · Sponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Sponsor
• Rep. Hulshof, Kenny C. [R-MO-9] · R · Sponsor
• Rep. Scott, Robert C. "Bobby" [D-VA-3] · D · Sponsor
• Rep. Abercrombie, Neil [D-HI-1] · D · Sponsor
• Sen. Hirono, Mazie K. [D-HI] · D · Sponsor
• Rep. Edwards, Donna F. [D-MD-4] · D · Sponsor
• Rep. Conyers, John, Jr. [D-MI-13] · D · Sponsor
• Rep. Cummings, Elijah E. [D-MD-7] · D · Sponsor
• Rep. Sutton, Betty [D-OH-13] · D · Sponsor
• Rep. Delahunt, William D. [D-MA-10] · D · Sponsor
• Rep. Johnson, Henry C. "Hank" [D-GA-4] · D · Sponsor
• · hsba00 · Standing

Related records

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