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S. 1223 111th Congress Senate

Free Enterprise Act of 2009

Official title: A bill to require prior Congressional approval of emergency funding resulting in Government ownership of private entities.

Introduced: June 10, 2009 See on congress.gov
Economics and Public Finance Congressional oversightCorporate finance and managementFinancial crises and stabilizationSecurities
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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
Jun 10, 2009
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 10, 2009
Sponsor introductory remarks on measure. (CR S6454)
Jun 10, 2009
Introduced in Senate
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 Latest action June 10, 2009

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Free Enterprise Act of 2009 - Requires congressional approval before any Troubled Asset Relief Program (TARP) funds are provided or obligated to any entity, on and after May 29, 2009, whose receipt of such funds would result in federal government acquisition of its common or preferred stock.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 13
All 13 Republican 9
Burr, Richard
· Jun 11, 2009
 R
McConnell, Mitch
Kentucky · Jun 11, 2009
 R
Barrasso, John
Wyoming · Jun 10, 2009
 R
Cornyn, John
Texas · Jun 10, 2009
 R
Crapo, Mike
Idaho · Jun 10, 2009
DeMint, James
· Jun 10, 2009
 R
Graham, Lindsey
South Carolina · Jun 10, 2009
 R
Grassley, Chuck
Iowa · Jun 10, 2009
Isakson, Johnny
· Jun 10, 2009
 R
Risch, James E.
Idaho · Jun 10, 2009
 R
Thune, John
South Dakota · Jun 10, 2009
Vitter, David
· Jun 10, 2009
 R
Wicker, Roger F.
Mississippi · Jun 10, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1223: Free Enterprise Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-S-1223/
MLA
"S. 1223: Free Enterprise Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-1223/.
Bluebook (legal)
S. 1223, 111th Cong. (2026), https://openamerica.io/bill/111-S-1223/.
Markdown link
[S. 1223: Free Enterprise Act of 2009](https://openamerica.io/bill/111-S-1223/)
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