S.1540: Resolution Reform Act of 2009

About This Bill

  • This bill was introduced in the 111th Congress
  • This bill is primarily about finance and financial sector
  • Introduced July 30, 2009
  • Latest Major Action July 30, 2009

Bill Sponsor

Bill Cosponsors

2 (1 Democrat, 2 Republicans)

Bill Summary

Resolution Reform Act of 2009 - Amends the Federal Deposit Insurance Act to make it the responsibility of the Federal Deposit Insurance Corporation (FDIC) and its Board of Directors, using the powers and authorities conferred by this Act, to resolve depository institution holding companies of failed or failing insured depository institutions (including their affiliates and subsidiaries). Requires the FDIC to accept appointment and act as...

(Source: Library of Congress)

Bill Actions

Date Description
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
July 30, 2009

Introduced in the Senate by Bob Corker (R-Tenn.)

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