HR 4566
111th Congress
House
Finance and Financial Sector
Budget deficits and national debt
Financial crises and stabilization
Erasing our National Debt Through Accountability and Responsibility Plan Act of 2010
Introduced: February 2, 2010
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 2, 2010
Referred to House Ways and Means
Feb 2, 2010
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.
Feb 2, 2010
Referred to House Financial Services
Feb 2, 2010
Introduced in House
Plain-English summary
Erasing our National Debt Through Accountability and Responsibility Plan Act of 2010 - Terminates the authorities granted the Secretary of the Treasury under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 (EESA) to purchase troubled assets from financial institutions.
Lowers the public debt limit by the amount of all TARP assistance repaid by recipients on or after the enactment of this Act, along with dividends, profits, or other funds paid to the Government based on such assistance.
What's happening now
Referred to House Ways and Means
Committees of jurisdiction
2