SRES 175 · 111th Congress · Commerce

A resolution expressing the sense of the Senate that the Federal Government is a reluctant shareholder in the ownership of General Motors and Chrysler.

Introduced 2009-06-09· Sponsored by Sen. Nelson, Ben [D-NE]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S6386)(2009-06-09)

Plain Language Summary

[AI summary unavailable — showing source text] Expresses the sense of the Senate that: (1) the federal government is only a temporary stakeholder in the American automotive industry and should take all possible steps to divest its ownership interests in General Motors Corporation and Chrysler Motors LLC as expeditiously as possible; and (2) the Comptroller General shall conduct a study to determine the period of time it may take General Motors and Chrysler to return to solvency and for the federal government to complete its divestiture.…

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