HR 3232
111th Congress
House
Finance and Financial Sector
Bank accounts, deposits, capital
Financial crises and stabilization
Securities
PROFIT Act of 2009
Introduced: July 16, 2009
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 16, 2009
Referred to the House Committee on Financial Services.
Jul 16, 2009
Sponsor introductory remarks on measure. (CR E1824)
Jul 16, 2009
Introduced in House
Plain-English summary
Provide a Return on Financial Investment for the Taxpayer Act of 2009 or the PROFIT Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require the Secretary of the Treasury to sell through a public auction any warrants associated with EESA assistance each time a financial institution makes a repayment of such assistance.
Exempts from such requirement warrants associated with a repayment made by a financial institution that has received less than $250 million of such assistance.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1