HR 3232 · 111th Congress · Finance and Financial Sector

PROFIT Act of 2009

Introduced 2009-07-16· Sponsored by Rep. Kilroy, Mary Jo [D-OH-15]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2009-07-16)

Plain Language Summary

[AI summary unavailable — showing source text] Provide a Return on Financial Investment for the Taxpayer Act of 2009 or the PROFIT Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require the Secretary of the Treasury to sell through a public auction any warrants associated with EESA assistance each time a financial institution makes a repayment of such assistance. Exempts from such requirement warrants associated with a repayment made by a financial institution that has received less than $250 million of such assistance.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (11)

11 Democrats