US HB678 | 2011-2012 | 112th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on February 11 2011 - 25% progression, died in committee
Action: 2011-02-11 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 11 2011 - 25% progression, died in committee
Action: 2011-02-11 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Repaying the American Taxpayer Act of 2011 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require payment into the Treasury for reduction of the public debt of dividends on any share of preferred stock in a financial institution obtained and held by the Secretary of the Treasury in conjunction with financial assistance provided to the institution under EESA. Requires the statutory limitation on the public debt to be reduced by the aggregate amount of such revenues and proceeds paid into the Treasury. Directs the Special Inspector General to report to certain congressional committees on the disposition of such dividend payments.
Title
Repaying the American Taxpayer Act of 2011
Sponsors
Rep. Larry Kissell [D-NC] | Sen. Marsha Blackburn [R-TN] | Rep. Mike Ross [D-AR] |
History
Date | Chamber | Action |
---|---|---|
2011-02-11 | House | Referred to the House Committee on Financial Services. |
Subjects
Bank accounts, deposits, capital
Budget deficits and national debt
Finance and financial sector
Financial crises and stabilization
Securities
Budget deficits and national debt
Finance and financial sector
Financial crises and stabilization
Securities
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/house-bill/678/all-info |
Text | https://www.congress.gov/112/bills/hr678/BILLS-112hr678ih.pdf |