Skip to main content
S 2938 111th Congress Senate Finance and Financial Sector Budget deficits and national debt Financial crises and stabilization

Erasing our National Debt Through Accountability and Responsibility Plan Act of 2010

Introduced: January 20, 2010 Introduced by: Thune, John Republican · South Dakota 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 20, 2010
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 20, 2010
Introduced in Senate
 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

Erasing our National Debt Through Accountability and Responsibility Plan Act of 2010 - Terminates the authorities granted the Secretary of the Treasury under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 (EESA) to purchase troubled assets from financial institutions.

Lowers the public debt limit by the amount of all TARP assistance repaid by recipients on or after the enactment of this Act, along with dividends, profits, or other funds paid to the government based on such assistance.

What's happening now January 20, 2010

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

 Related & companion bills 1
  • HR 4566 Identical bill Erasing our National Debt Through Accountability and Responsibility Plan Act of 2010
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 9
All 9 Republican 9
R
Collins, Susan M.
Maine · Jan 21, 2010
 R
Murkowski, Lisa
Alaska · Jan 21, 2010
 R
Risch, James E.
Idaho · Jan 21, 2010
 R
Barrasso, John
Wyoming · Jan 20, 2010
 R
Cornyn, John
Texas · Jan 20, 2010
 R
Crapo, Mike
Idaho · Jan 20, 2010
 R
Graham, Lindsey
South Carolina · Jan 20, 2010
 R
Grassley, Chuck
Iowa · Jan 20, 2010
 R
Wicker, Roger F.
Mississippi · Jan 20, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2938: Erasing our National Debt Through Accountability and Responsibility Plan Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-S-2938/
MLA
"S. 2938: Erasing our National Debt Through Accountability and Responsibility Plan Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-2938/.
Bluebook (legal)
S. 2938, 111th Cong. (2026), https://openamerica.io/bill/111-S-2938/.
Markdown link
[S. 2938: Erasing our National Debt Through Accountability and Responsibility Plan Act of 2010](https://openamerica.io/bill/111-S-2938/)
Report a problem