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S 862 111th Congress Senate Finance and Financial Sector Bank accounts, deposits, capital Budget deficits and national debt Financial crises and stabilization Interest, dividends, interest rates

Debt Reduction Priority Act

Introduced: April 22, 2009 Introduced by: Thune, John Republican · South Dakota 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
Apr 22, 2009
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 22, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

Debt Reduction Priority Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require the Secretary of the Treasury to establish a procedure for: (1) depositing in the General Fund of the Treasury amounts received for repayment of financial assistance or payment of interest on the receipt of such assistance by an entity under the Troubled Asset Relief Program (TARP) or any program enacted by the Secretary under the authorities granted under such Act, including the Capital Purchase Program; and (2) dedication of any such amounts so received for the sole purpose of debt reduction.

What's happening now April 22, 2009

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

 Committees of jurisdiction 1