PoliticalRepoPoliticalRepo

United States · Bill · S

S. 3709 (112th)

A bill to require a Government Accountability Office examination of transactions between large financial institutions and the Federal Government, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

21 December 2012

Last action

—

Status

Referred to the House Committee on Financial Services.

Sponsors

—

Subjects

Discovery layer

Source updated

2 July 2025

Official sourceDownload fileView documentsShare

Summary

Directs the Comptroller General to examine any financial company having more than $500 billion in consolidated assets (covered institution) with respect to: favorable pricing of its debt relative to its risk profile resulting from the perception it will receive federal support in the event of any financial stress; any favorable funding or economic treatment resulting from an increase in its credit rating as a result of express, implied, or perceived federal support; any economic benefit resulting from the ownership of, or affiliation with, an insured depository institution; any economic benefit resulting from its status as a bank holding company, including access to federal deposit insurance and the discount window of the Board of Governors of the Federal Reserve System (Federal Reserve Board) before enactment of this Act; any economic benefit received through extraordinary federal actions taken, such as specified actions by the Department of the Treasury, the Federal Reserve Board, and the Federal Deposit Insurance Corporation (FDIC); any extraordinary assistance provided to American Insurance Group (AIG), but ultimately received by one of the covered institutions; and any government actions that resulted in the payment or nonpayment of credit default swap contracts entered into by a covered institution.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

10 official files

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.