S 1642 · 111th Congress · Economics and Public Finance

SAFE Act

Introduced 2009-08-06· Sponsored by Sen. Brownback, Sam [R-KS]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2009-08-06)

Plain Language Summary

[AI summary unavailable — showing source text] Save American Free Enterprise Act or the SAFE Act - Lowers the statutory public debt limit by the aggregate amounts of $80.893 billion, plus revenues received from the sale of troubled assets purchased, or from the sale, exercise, or surrender of warrants or senior debt instruments acquired, under the Troubled Asset Relief Program (TARP) established by the Emergency Economic Stabilization Act of 2008, including interest and dividends attributable to those amounts after August 7, 2009.…

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