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HR 3020 111th Congress House

Repaying the American Taxpayer Act of 2009

Official title: To amend the Emergency Economic Stabilization Act of 2008 to provide for the treatment of dividends paid on shares of preferred stock, held by the Secretary of… Show full official titleShow less

Official title: To amend the Emergency Economic Stabilization Act of 2008 to provide for the treatment of dividends paid on shares of preferred stock, held by the Secretary of the Treasury, that were issued by financial institutions which received financial assistance under such Act, and for other purposes.

Introduced: November 16, 2009 See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBudget deficits and national debtFinancial crises and stabilizationSecurities
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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
Jun 24, 2009
Referred to the House Committee on Financial Services.
Jun 24, 2009
Introduced in House
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 Latest action June 24, 2009

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Repaying the American Taxpayer Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require payment into the Treasury for reduction of the public debt of dividends on any share of preferred stock in a financial institution obtained and held by the Secretary of the Treasury in conjunction with financial assistance provided to the institution under EESA.

Requires the statutory limitation on the public debt to be reduced by the aggregate amount of such revenues and proceeds paid into the Treasury.

Directs the Special Inspector General to report to certain congressional committees on the disposition of such dividend payments.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 15
All 15 Republican 3
Teague, Harry
· Dec 2, 2009
Adler, John
· Nov 18, 2009
Mitchell, Harry
· Nov 18, 2009
Massa, Eric
· Nov 17, 2009
Murphy, Scott
· Nov 17, 2009
Schauer, Mark
· Nov 17, 2009
Chaffetz, Jason
· Nov 16, 2009
Murphy, Patrick
· Nov 16, 2009
 R
Simpson, Michael K.
Idaho · Nov 16, 2009
Kratovil, Frank
· Jul 23, 2009
Minnick, Walter
· Jul 7, 2009
Bright, Bobby
· Jun 24, 2009
 R
Foxx, Virginia
North Carolina · Jun 24, 2009
Griffith, Parker
· Jun 24, 2009
 R
Lummis, Cynthia M.
Wyoming · Jun 24, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3020: Repaying the American Taxpayer Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-3020/
MLA
"H.R. 3020: Repaying the American Taxpayer Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-3020/.
Bluebook (legal)
H.R. 3020, 111th Cong. (2026), https://openamerica.io/bill/111-HR-3020/.
Markdown link
[H.R. 3020: Repaying the American Taxpayer Act of 2009](https://openamerica.io/bill/111-HR-3020/)
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