Auto Stock for Every Taxpayer Act

Summary

Auto Stock for Every Taxpayer Act - Prohibits the Secretary of the Treasury from expending or obligating any more Troubled Asset Relief Program (TARP) funds for automobile manufacturers that have been participating in the program and have filed for bankruptcy protection. Imposes on the Secretary the fiduciary duty to maximize the return on the taxpayers' investment in such manufacturers under TARP. Authorizes persons aggrieved by violations of such fiduciary duty to bring civil actions for equitable relief. Requires the Secretary, after the emergence of such an automobile manufacturer from bankruptcy, to provide taxpayers with common stock certificates representing their shares in the aggregate common stock holdings of the federal government in such manufacturer.

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Timeline

1. 8 June 2009

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

   Source: IntroReferral

2. 8 June 2009

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 8 June 2009 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 8 June 2009

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 8 June 2009

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 8 June 2009

  Open at official source

Sponsors

• Sen. Alexander, Lamar [R-TN] · R · Sponsor
• Sen. Bennett, Robert F. [R-UT] · R · Sponsor
• Mitch McConnell · R · Sponsor
• Rep. Kyl, Jon [R-AZ-4] · R · Sponsor
• Sen. Vitter, David [R-LA] · R · Sponsor
• John Cornyn · R · Sponsor
• Sen. Isakson, Johnny [R-GA] · R · Sponsor
• Rep. Roberts, Pat [R-KS-1] · R · Sponsor
• Rep. Gregg, Judd [R-NH-2] · R · Sponsor
• Roger Wicker · R · Sponsor
• Sen. Burr, Richard [R-NC] · R · Cosponsor
• · ssbk00 · Standing

Related records

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