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HR 5125 111th Congress House

Restitution for Local Government Act of 2010

Official title: To amend the Emergency Economic Stabilization Act of 2008 to establish a fund to be used to make local governments whole for losses incurred from the Lehman Brothers Holding, Inc., bankruptcy.

Introduced: April 26, 2010 See on congress.gov
Finance and Financial Sector Financial crises and stabilizationIntergovernmental relationsSecuritiesState and local finance
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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 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
Introduced in House
Apr 22, 2010
Referred to the House Committee on Financial Services.
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 Latest action April 27, 2010

Sponsor introductory remarks on measure. (CR E672-673)

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Garamendi, John
California · Apr 26, 2010
 D
Matsui, Doris O.
California · Apr 26, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5125: Restitution for Local Government Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-HR-5125/
MLA
"H.R. 5125: Restitution for Local Government Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-5125/.
Bluebook (legal)
H.R. 5125, 111th Cong. (2026), https://openamerica.io/bill/111-HR-5125/.
Markdown link
[H.R. 5125: Restitution for Local Government Act of 2010](https://openamerica.io/bill/111-HR-5125/)
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