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
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
Plain-English summary
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
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1