Expressing the sense of the Congress that the bankruptcy proceedings of Lehman Brothers Holding Inc. and Lehman Brothers Europe Inc. be resolved in an equitable and expeditious process between the United States and United Kingdom, and that the interests of American investors be given due consideration and be treated with urgency throughout.

Summary

Expresses the sense of Congress that: (1) Lehman Brothers Holding Inc. and Lehman Brothers Europe Inc. bankruptcy administrators in the United States and United Kingdom should establish an international framework for coordinating bankruptcy proceedings among the business holdings and operations in each country; (2) the Securities and Exchange Commission (SEC) should dedicate sufficient resources to ensure an expedited resolution serving the interest of American investors in an equitable manner; and (3) there should be increased cooperation among the various Lehman Brothers entities as well as the respective U.S. and United Kingdom regulatory agencies to insure the swift return of customer assets held in Lehman Brothers Europe Inc.'s prime brokerage unit.

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

Timeline

1. 14 September 2009

   Introduced

   Referred to House Financial Services

   Source: IntroReferral

2. 14 September 2009

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and the Judiciary, 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. 14 September 2009

   Introduced

   Introduced in House

   Source: IntroReferral

4. 14 September 2009

   Introduced

   Introduced in House

   Source: IntroReferral

5. 19 October 2009

   Referred

   Referred to the Subcommittee on Commercial and Administrative Law.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 September 2009 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 September 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 September 2009

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 September 2009

  Open at official source

Sponsors

• Gregory Meeks · D · Sponsor
• · hsju00 · Standing
• · hsfa00 · Standing
• · hsba00 · Standing

Related records

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