HR 2589 · 111th Congress 2009–2011, ended

Municipal Bond Insurance Enhancement Act of 2009

Introduced May 21, 2009 Originated House Sponsor Emanuel Cleaver D-MO

Fact sheet

Latest action · May 21, 2009 Referred to House Ways and Means

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.

  1. IntroducedMay 21, 2009
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Municipal Bond Insurance Enhancement Act of 2009 - Establishes in the Department of the Treasury the Office of Public Finance. Requires the Director of such Office to carry out a program to provide reinsurance for insured losses of municipal bond insurers.

Directs the Secretary of the Treasury to establish and submit to Congress within five years after the enactment of this Act a plan for the sale of reinsurance assets acquired under this Act.

Amends the Internal Revenue Code to provide that reinsurance provided by this Act shall not be treated as a federal guarantee for purposes of disallowing the exemption of interest on municipal bonds.

Cosponsors 6

Members who signed on, in the order they did. All signed on May 21, 2009.

SeatCosponsorSigned on
D-MABarney FrankOriginalMay 21, 2009
D-VAGerald E. ConnollyOriginalMay 21, 2009
D-CTJames A. HimesOriginalMay 21, 2009
D-VAJames P. MoranOriginalMay 21, 2009
D-CAJoe BacaOriginalMay 21, 2009
D-NJRobert E. AndrewsOriginalMay 21, 2009

Actions 4

Everything that happened, newest first.

  1. May 21, 2009Introduced in House
  2. May 21, 2009Referred to House Financial Services
  3. May 21, 2009Referred to House Ways and Means
  4. May 21, 2009Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, 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.

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

  1. May 21, 2009Introduced in House

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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.