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- H.R.1242
H.R.1242: To amend the Emergency Economic Stabilization Act of 2008 to provide for additional monitoring and accountability of the Troubled Asset Relief Program.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced March 2, 2009
- Latest Major Action Dec. 23, 2009
Bill Sponsor
Bill Cosponsors
42 (20 Democrats, 23 Republicans)
Bill Summary
Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Secretary of the Treasury to: (1) establish an electronic database using data from specified sources to monitor the use of Troubled Asset Relief Program (TARP) funds by institutions receiving financial assistance or procurement contracts; and (2) make such database available to the Special Inspector General of TARP, the Comptroller General, and the Congressional...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
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Referred to the House Committee on Financial Services.
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Mrs. Maloney moved to suspend the rules and pass the bill, as amended.
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Considered under suspension of the rules.
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DEBATE - The House proceeded with forty minutes of debate on H.R. 1242.
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At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
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Considered as unfinished business.
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On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 421 - 0 (Roll no. 921).
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Motion to reconsider laid on the table Agreed to without objection.
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The title of the measure was amended. Agreed to without objection.
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Received in the Senate.
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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| March 2, 2009 |
Introduced in the House by Carolyn B. Maloney (D-N.Y.) |