HJRES 19 · 111th Congress · Finance and Financial Sector
Relating to the disapproval of obligations under the Emergency Economic Stabilization Act of 2008.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2009-01-15)
Plain Language Summary
[AI summary unavailable — showing source text]
Disapproves the obligation of any amount to purchase troubled assets under the Emergency Economic Stabilization Act of 2008 exceeding those already obligated (namely, $250 billion, or upon presidential certification, $350 billion outstanding at any one time). Approves, however, an amount up to 30% of the amount exceeding such obligated amounts for use solely to provide assistance to specified smaller community depository institutions, including privately held and other C corporations, community development financial institutions, non-stock corporations, S-corporations, and mutually owned insured depository institutions.…
Summarized by Claude AI · Non-partisan · For informational purposes only