Financial Markets Commission Act of 2009
Latest action · Jun 22, 2010 Referred to the Subcommittee on General Farm Commodities and Risk Management.
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.
- IntroducedMay 5, 2009
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 1
Members who signed on, in the order they did. All signed on May 5, 2009.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-OH | Steven C. LaTourette | Original | May 5, 2009 |
Actions 6
Everything that happened, newest first.
- Jun 22, 2010Referred to the Subcommittee on General Farm Commodities and Risk Management.
- May 7, 2009Sponsor introductory remarks on measure. (CR E1094)
- May 5, 2009Introduced in House
- May 5, 2009Referred to House Agriculture
- May 5, 2009Referred to House Financial Services
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 298 | Financial Markets Commission Act of 2009 | Identical bill | Jan 22, 2009 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- May 5, 2009Introduced 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.