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HR 678 112th Congress House

Repaying the American Taxpayer Act of 2011

Official title: To amend the Emergency Economic Stabilization Act of 2008 to provide for the treatment of dividends paid on shares of preferred stock, held by the Secretary of… Show full official titleShow less

Official title: To amend the Emergency Economic Stabilization Act of 2008 to provide for the treatment of dividends paid on shares of preferred stock, held by the Secretary of the Treasury, that were issued by financial institutions which received financial assistance under such Act, and for other purposes.

Introduced: February 11, 2011 See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBudget deficits and national debtFinancial crises and stabilizationSecurities
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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
Feb 11, 2011
Referred to the House Committee on Financial Services.
Feb 11, 2011
Introduced in House
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 Latest action February 11, 2011

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 1
ROSS, MIKE
· Apr 5, 2011
 R
Blackburn, Marsha
Tennessee · Feb 11, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 678: Repaying the American Taxpayer Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-HR-678/
MLA
"H.R. 678: Repaying the American Taxpayer Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-678/.
Bluebook (legal)
H.R. 678, 112th Cong. (2026), https://openamerica.io/bill/112-HR-678/.
Markdown link
[H.R. 678: Repaying the American Taxpayer Act of 2011](https://openamerica.io/bill/112-HR-678/)
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