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- H.R.7226
H.R.7226: Net Worth Certificate Program Act of 2008
About This Bill
- Introduced Sept. 29, 2008
- Latest Major Action Sept. 29, 2008
Bill Sponsor
Bill Cosponsors
34 (All Republicans)
Bill Summary
Net Worth Certificate Program Act of 2008 - Directs the Chairman of the Federal Deposit Insurance Corporation (FDIC) to create a net worth certificate program that will settle the financial markets without significant expense to taxpayers. States that such program will be authorized to purchase net worth certificates by issuing FDIC senior notes to the banks in the form of subordinated debentures, or in any other form the Chairman determines...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Financial Services.
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Sept. 29, 2008 |
Introduced in the House by John Shadegg (R-Ariz.) |