HR 5125
111th Congress
House
Finance and Financial Sector
Financial crises and stabilization
Intergovernmental relations
Securities
State and local finance
Restitution for Local Government Act of 2010
Introduced: April 22, 2010
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 27, 2010
Sponsor introductory remarks on measure. (CR E672-673)
Apr 22, 2010
Referred to the House Committee on Financial Services.
Apr 22, 2010
Introduced in House
Plain-English summary
Restitution for Local Government Act of 2010 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require any profit made by the Secretary of the Treasury under the Troubled Asset Relief Program (TARP) to be used to purchase from local governments any securities, bonds, and other financial instruments issued by Lehman Brothers Holding, Inc. that were held by such governments on September 12, 2008. Limits the aggregate amount of all such purchases to $1.7 billion. Prohibits the purchase of financial instruments held by a pension fund.
What's happening now
Sponsor introductory remarks on measure. (CR E672-673)
Committees of jurisdiction
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