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HR 7275 110th Congress House Finance and Financial Sector Advisory bodies Banking and financial institutions regulation Congressional oversight Credit and credit markets Financial crises and stabilization Financial services and investments Government studies and investigations Housing finance and home ownership Securities

Financial Oversight Commission Act of 2008

Introduced: November 19, 2008 Introduced by: Issa, Darrell Republican · California See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 19, 2008
Referred to the House Committee on Financial Services.
Nov 19, 2008
Introduced in House
 Plain-English summary Congressional Research Service

Financial Oversight Commission Act of 2008 - Establishes the Financial Oversight Commission to investigate facts and circumstances relating to the financial crisis of 2008, including any relevant legislation, Executive Order, regulation, plan, policy, practice, or procedure that pertains to: (1) government sponsored enterprises (GSEs), including the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac); (2) the stock market; (3) the housing market; (4) credit rating agencies; (5) the financial services sector, including hedge funds, private equity, and the insurance industry; and (6) the role of congressional oversight and resource allocation.

Directs the Commission to identify, evaluate, and report to Congress and the President on the lessons learned from the financial crisis regarding the structure, coordination, management policies, and procedures of governmental and nongovernmental entities related to crisis detection, prevention, and response.

What's happening now November 19, 2008

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1