HR 7276
110th Congress
House
Finance and Financial Sector
Bank accounts, deposits, capital
Congressional oversight
Financial crises and stabilization
To amend the Emergency Economic Stabilization Act of 2008 to require prior approval by the Congress for expenditures from the third tranche, and for other purposes.
Introduced: November 19, 2008
See on congress.gov
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
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 any amount 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, that is, from exercising any authority to make any such purchases unless a joint resolution approving the plan is enacted into law.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1