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HR 74 111th Congress House Finance and Financial Sector Advisory bodies Banking and financial institutions regulation Congressional oversight Credit and credit markets Financial crises and stabilization Financial services and investments Government studies and investigations Housing finance and home ownership Securities

Financial Oversight Commission Act of 2009

Introduced: January 6, 2009 Introduced by: Issa, Darrell Republican · California See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 6, 2009
Referred to the House Committee on Financial Services.
Jan 6, 2009
Introduced in House
 Plain-English summary Congressional Research Service

Financial Oversight Commission Act of 2009 - Establishes the Financial Oversight Commission to investigate the financial crisis of 2008, including relevant legislation, Executive Order, regulation, plan, policy, practice, or procedure that pertains to: (1) government sponsored enterprises; (2) the stock market; (3) the housing market; (4) credit rating agencies; (5) the financial services sector, including hedge funds, private equity and the insurance industry; and (6) the role of congressional oversight and resource allocation.

Directs the Commission to identify, review, and evaluate the lessons learned from the crisis in connection with the structure, coordination, management policies, and procedures of governmental and nongovernmental entities regarding crisis detection, prevention, and response.

Requires the Commission to report to the President and Congress its findings, conclusions, and recommendations.

What's happening now January 6, 2009

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1