US Congress House Bill 5125 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on April 22 2010 - 25% progression, died in chamber
Action: 2010-04-27 - Sponsor introductory remarks on measure. (CR E672-673)
Text: Latest bill text (Introduced) [PDF]

Restitution for Local Government Act of 2010 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require any profit made by the Secretary of the Treasury under the Troubled Asset Relief Program (TARP) to be used to purchase from local governments any securities, bonds, and other financial instruments issued by Lehman Brothers Holding, Inc. that were held by such governments on September 12, 2008. Limits the aggregate amount of all such purchases to $1.7 billion. Prohibits the purchase of financial instruments held by a pension fund.

Restitution for Local Government Act of 2010

Rep. Joe Baca [D-CA]	Rep. Michael Capuano [D-MA]	Rep. Anna Eshoo [D-CA]	Rep. Sam Farr [D-CA]
Rep. John Garamendi [D-CA]	Rep. Doris Matsui [D-CA]	Rep. Laura Richardson [D-CA]	Rep. Jackie Speier [D-CA]

Date	Chamber	Action
2010-04-27		Sponsor introductory remarks on measure. (CR E672-673)
2010-04-22		Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/5125/all-info
Text	https://www.congress.gov/111/bills/hr5125/BILLS-111hr5125ih.pdf