S.1223: Free Enterprise Act of 2009

About This Bill

  • This bill was introduced in the 111th Congress
  • This bill is primarily about economics and public finance
  • Introduced June 10, 2009
  • Latest Major Action June 10, 2009

Bill Summary

Free Enterprise Act of 2009 - Requires congressional approval before any Troubled Asset Relief Program (TARP) funds are provided or obligated to any entity, on and after May 29, 2009, whose receipt of such funds would result in federal government acquisition of its common or preferred stock.

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
June 10, 2009

Introduced in the Senate by Mike Johanns (R-Neb.)

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