A bill to amend the Emergency Economic Stabilization Act to require approval by the Congress for certain expenditures for the Troubled Asset Relief Program.

referredUnited States· United States Congress· EN

Introduced

6 January 2009

Last action

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Status

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

Summary

Amends the Emergency Economic Stabilization Act to revise the process for exercising the authority of the Secretary of the Treasury to make purchases of troubled assets in excess of the $350 billion previously obligated. Changes the Joint Resolution of Disapproval, regarding the exercise of such authority, to a Joint Resolution of Approval. Prohibits the Secretary from exercising authority to make such purchases unless a joint resolution approving the plan is enacted into law within 15 calendar days after Congress receives a report of the Secretary's plan to exercise the authority.

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Votes

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Versions

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Documents

3 official files

Introduced in Senate (text)
Introduced in Senate · EN · 6 January 2009
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Introduced in Senate (PDF)
Introduced in Senate · EN · 6 January 2009
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Introduced in Senate
summary · EN · 6 January 2009
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Sources

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Official source: https://www.congress.gov/bill/111th-congress/senate-bill/64
Open data entity: https://api.congress.gov/v3/bill/111/s/64