To impose certain limits on the exercise by the Secretary of the Treasury of certain actions under any other Act which authorizes the Secretary to purchase troubled assets, and for other purposes.
Latest action · Sep 27, 2008 Sponsor introductory remarks on measure. (CR E2083)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 26, 2008
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Prohibits the use of any funds made available under any Act authorizing the Secretary of the Treasury to purchase troubled assets to provide income for any senior officer of any company, entity, or partnership that receives credit or other direct assistance under such Act.
Authorizes the Secretary to terminate the employment of any such senior officer who receives credit or direct assistance under any such Act.
Defines "senior officer" as any chairman of the board, chief executive officer, chief financial officer, managing partner, or any individual deemed by the Secretary as having primary management or financial authority over the company, entity, or partnership before the receipt of credit or direct assistance under any such Act.
Cosponsors 6
Members who signed on, in the order they did. Signatures ran from Sep 26, 2008 to Oct 2, 2008; 4 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-PA | Christopher P. Carney | Original | Sep 26, 2008 |
| R-AZ | John B. Shadegg | Original | Sep 26, 2008 |
| R-FL | Lincoln Diaz-Balart | Original | Sep 26, 2008 |
| R-PA | Phil English | Original | Sep 26, 2008 |
| R-NY | John M. McHugh | Sep 27, 2008 | |
| R-FL | Mario Diaz-Balart | Oct 2, 2008 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Sep 26, 2008 |
Actions 3
Everything that happened, newest first.
- Sep 27, 2008Sponsor introductory remarks on measure. (CR E2083)
- Sep 26, 2008Introduced in House
- Sep 26, 2008Referred to the House Committee on Financial Services.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To impose certain limits on the exercise by the Secretary of the Treasury of certain actions under any other Act which authorizes the Secretary to purchase troubled assets, and for other purposes.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Sep 26, 2008Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
