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HCONRES 184 111th Congress House Finance and Financial Sector Bankruptcy Europe Financial services and investments International organizations and cooperation U.S. and foreign investments United Kingdom

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.

Introduced: September 14, 2009 Introduced by: Meeks, Gregory W. Democratic · New York See on congress.gov
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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 19, 2009
Referred to the Subcommittee on Commercial and Administrative Law.
Sep 14, 2009
Referred to House Judiciary
Sep 14, 2009
Referred to House Foreign Affairs
Sep 14, 2009
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.
Sep 14, 2009
Referred to House Financial Services
Sep 14, 2009
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now October 19, 2009

Referred to the Subcommittee on Commercial and Administrative Law.

 Committees of jurisdiction 4