S.1642: SAFE Act

About This Bill

  • This bill was introduced in the 111th Congress
  • This bill is primarily about economics and public finance
  • Introduced Aug. 6, 2009
  • Latest Major Action Aug. 6, 2009

Bill Summary

Save American Free Enterprise Act or the SAFE Act - Lowers the statutory public debt limit by the aggregate amounts of $80.893 billion, plus revenues received from the sale of troubled assets purchased, or from the sale, exercise, or surrender of warrants or senior debt instruments acquired, under the Troubled Asset Relief Program (TARP) established by the Emergency Economic Stabilization Act of 2008, including interest and dividends...

(Source: Library of Congress)

Bill Actions

Date Description
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Aug. 6, 2009

Introduced in the Senate by Sam Brownback (R-Kan.)

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