Skip to main content
HR 710 111th Congress House Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Financial services and investments Government employee pay, benefits, personnel management Securities

Public Retiree's Investment Act of 2009

Introduced: January 27, 2009 See on congress.gov
Sign in to write a letter Sign in to watch
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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 27, 2009
Referred to House Ways and Means
Jan 27, 2009
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.
Jan 27, 2009
Referred to House Financial Services
Jan 27, 2009
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Public Retiree's Investment Act of 2009 - Authorizes the Secretary of the Treasury to guarantee eligible investments, or reguarantee a guarantee of eligible investments, by any public pension bank capital infusion fund mutually owned by state and local pension plans for the sole purpose of investing in preferred stocks of U.S. banking institutions.

Requires each public pension plan with a mutual ownership interest in a capital infusion fund to be authorized by state law to establish, or participate in the formation of, a wholly owned mutual fund or a limited liability corporation, in the case of joint ownership with other public pension plans.

Caps the maximum amount of investments by such such a capital infusion fund at $50 billion.

Restricts eligible investments to those in the preferred stock of a qualifying financial institution under the Troubled Asset Relief Program (TARP) Capital Purchase Program established under the Emergency Economic Stabilization Act of 2008 (EESA).

What's happening now January 27, 2009

Referred to House Ways and Means

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Moore, Gwen
Wisconsin · Jun 8, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 710: Public Retiree's Investment Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-710/
MLA
"H.R. 710: Public Retiree's Investment Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-710/.
Bluebook (legal)
H.R. 710, 111th Cong. (2026), https://openamerica.io/bill/111-HR-710/.
Markdown link
[H.R. 710: Public Retiree's Investment Act of 2009](https://openamerica.io/bill/111-HR-710/)
Report a problem