H.R.7276: To amend the Emergency Economic Stabilization Act of 2008 to require prior approval by the Congress for expenditures from the third tranche, and for other purposes.

About This Bill

  • Introduced Nov. 19, 2008
  • Latest Major Action Nov. 19, 2008

Bill Summary

Amends the Emergency Economic Stabilization Act to revise the process for exercising the authority of the Secretary of the Treasury to make purchases of troubled assets in any amount in excess of the $350 billion previously obligated. Changes the Joint Resolution of Disapproval, regarding the exercise of such authority, to a Joint Resolution of Approval. Prohibits the Secretary, that is, from exercising any authority to make any such purchases...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with H.R.7276.

Bill Actions

Date Description
Referred to the House Committee on Financial Services.
Nov. 19, 2008

Introduced in the House by Randy Neugebauer (R-Texas)

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