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- H.R.1180
H.R.1180: To amend the Emergency Economic Stabilization Act of 2008 to prohibit the Secretary of the Treasury from receiving common stock or certain other voting stock under the Troubled Asset Relief Program, and for other purposes.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced Feb. 25, 2009
- Latest Major Action Feb. 25, 2009
Bill Sponsor
Bill Cosponsors
23 (All Republicans)
Bill Summary
Amends the Emergency Economic Stabilization Act of 2008 (EESA) to prohibit the Secretary of the Treasury from: (1) making any purchase for which the Secretary receives control-diluting stock; or (2) converting into control-diluting stock any security received by the Secretary (other than a warrant). Defines control-diluting stock as: (1) common stock of a financial institution; (2) any other voting stock of a financial institution other than...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Financial Services.
|
|
| Feb. 25, 2009 |
Introduced in the House by Randy Neugebauer (R-Texas) |