HR 678
112th Congress
House
Finance and Financial Sector
Bank accounts, deposits, capital
Budget deficits and national debt
Financial crises and stabilization
Securities
Repaying the American Taxpayer Act of 2011
Introduced: February 11, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 11, 2011
Referred to the House Committee on Financial Services.
Feb 11, 2011
Introduced in House
Plain-English summary
Repaying the American Taxpayer Act of 2011 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require payment into the Treasury for reduction of the public debt of dividends on any share of preferred stock in a financial institution obtained and held by the Secretary of the Treasury in conjunction with financial assistance provided to the institution under EESA.
Requires the statutory limitation on the public debt to be reduced by the aggregate amount of such revenues and proceeds paid into the Treasury.
Directs the Special Inspector General to report to certain congressional committees on the disposition of such dividend payments.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1
Cosponsors
1