US HB2253 | 2009-2010 | 111th Congress

Status

Sponsorship: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on May 5 2009 - 25% progression, died in committee
Action: 2010-06-22 - Referred to the Subcommittee on General Farm Commodities and Risk Management.
Pending: House Subcommittee on General Farm Commodities and Risk Management Committee

Summary

Financial Markets Commission Act of 2009 - Establishes in the legislative branch the Financial Markets Commission to: (1) examine all causes, domestic and global, of the current financial and economic crisis in the United States, including the collapse of major financial and commercial firms and the deterioration of the credit and housing markets; and (2) investigate the role in the crisis, if any, of the Securities and Exchange Commission (SEC), nationally recognized statistical rating organizations, the Commodity Futures Trading Commission (CFTC), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), trading facilities for commodities and self-regulatory organizations, the federal banking agencies, any financial or commercial corporation, partnership, or entity, and any other governmental or non-governmental entity. Requires the Commission to: (1) report its findings and recommendations to the President and Congress; and (2) refer to the U.S. Attorney General and any appropriate state attorney general any person that the Commission finds may have violated federal laws in relation to the crisis.

Tracking Information

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Title

Financial Markets Commission Act of 2009

Sponsors


History

DateChamberAction
2010-06-22 Referred to the Subcommittee on General Farm Commodities and Risk Management.
2009-05-07 Sponsor introductory remarks on measure. (CR E1094)
2009-05-05 Referred to House Agriculture
2009-05-05 Referred to House Financial Services
2009-05-05 Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Same As/Similar To

SB298 (Same As) 2009-01-22 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Subjects


US Congress State Sources


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