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S 3694 110th Congress Senate Finance and Financial Sector Bank failures Congress Congressional oversight Economic stabilization Economics and Public Finance Financial crises Legislative resolutions

A bill to amend the Emergency Economic Stabilization Act to limit obligations to $350,000,000,000, absent majority approval by the Congress.

Introduced: November 19, 2008 Introduced by: Sanders, Bernard Independent · Vermont See on congress.gov
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 19, 2008
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 19, 2008
Introduced in Senate
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 Plain-English summary Congressional Research Service

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 within 15 calendar days after Congress receives a report of the Secretary's plan to exercise the authority, a joint resolution approving the plan is enacted into law.

What's happening now November 19, 2008

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

 Related & companion bills 3
  • HR 7276 Related bill To amend the Emergency Economic Stabilization Act of 2008 to require prior approval by the Congress for expenditures fr…
  • S 3683 Related bill A bill to amend the Emergency Economic Stabilization Act to require approval by the Congress for certain expenditures f…
  • S 3697 Related bill A bill to amend the Emergency Economic Stabilization Act to require approval by the Congress for certain expenditures f…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3694: A bill to amend the Emergency Economic Stabilization Act to limit obligations to $350,000,000,000, absent majority approval by the Congress.. 110th Congress. Open America. https://openamerica.io/bill/110-S-3694/
MLA
"S. 3694: A bill to amend the Emergency Economic Stabilization Act to limit obligations to $350,000,000,000, absent majority approval by the Congress.." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-3694/.
Bluebook (legal)
S. 3694, 110th Cong. (2026), https://openamerica.io/bill/110-S-3694/.
Markdown link
[S. 3694: A bill to amend the Emergency Economic Stabilization Act to limit obligations to $350,000,000,000, absent majority approval by the Congress.](https://openamerica.io/bill/110-S-3694/)
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