HJRES 19 · 111th Congress · Finance and Financial Sector

Relating to the disapproval of obligations under the Emergency Economic Stabilization Act of 2008.

Introduced 2009-01-15· Sponsored by Rep. Gingrey, Phil [R-GA-11]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: 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