HR 2589
111th Congress
House
Finance and Financial Sector
Department of the Treasury
Executive agency funding and structure
Government lending and loan guarantees
Insurance industry and regulation
Interest, dividends, interest rates
Securities
State and local finance
Tax administration and collection, taxpayers
Municipal Bond Insurance Enhancement Act of 2009
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 2009
Referred to House Ways and Means
May 21, 2009
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, 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.
May 21, 2009
Referred to House Financial Services
May 21, 2009
Introduced in House
Plain-English summary
Municipal Bond Insurance Enhancement Act of 2009 - Establishes in the Department of the Treasury the Office of Public Finance. Requires the Director of such Office to carry out a program to provide reinsurance for insured losses of municipal bond insurers.
Directs the Secretary of the Treasury to establish and submit to Congress within five years after the enactment of this Act a plan for the sale of reinsurance assets acquired under this Act.
Amends the Internal Revenue Code to provide that reinsurance provided by this Act shall not be treated as a federal guarantee for purposes of disallowing the exemption of interest on municipal bonds.
What's happening now
Referred to House Ways and Means
Committees of jurisdiction
2
Cosponsors
1