Reducing Barack Obama's Unsustainable Deficit Act
Latest action · Jul 10, 2009 Referred to the Subcommittee on Water Resources and Environment.
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.
- IntroducedJul 9, 2009
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Reducing Barack Obama's Unsustainable Deficit Act - Rescinds all unobligated balances of the discretionary appropriations made available in division A of the American Recovery and Reinvestment Act of 2009 (ARRA).
Repeals subtitles B (Assistance for Vulnerable Individuals) and C (Economic Recovery Payments to Certain Individuals) of title II (the Assistance for Unemployed Workers and Struggling Families Act) and titles III (Premium Assistance for COBRA Benefits), IV (Medicare and Medicaid Health Information Technology; Miscellaneous Medicare Provisions), V (State Fiscal Relief), VI (Broadband Communications), and VII (Limits on Executive Compensation) of division B of ARRA.
Amends the Emergency Economic Stabilization Act of 2008 (EESA) to terminate upon enactment of this Act (currently, December 31, 2009) the Secretary of the Treasury's authority to establish the Troubled Asset Relief Program (TARP) and the program to guarantee troubled assets originated or issued before March 14, 2008, including mortgage-backed securities. Repeals the authorization for a two-year extension of such authority if the Secretary submits a specified certification to Congress.
Requires the Secretary, each time a financial institution makes a TARP repayment, to transfer such repayments to the special account established in the Treasury for reducing public debt.
Cosponsors 90
Members who signed on, in the order they did. Signatures ran from Jul 9, 2009 to Aug 10, 2010; 2 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-OH | Jim Jordan | Original | Jul 9, 2009 |
| R-NJ | Scott Garrett | Original | Jul 9, 2009 |
| R-FL | Bill Posey | Jul 17, 2009 | |
| R-SC | Bob Inglis | Jul 17, 2009 | |
| R-CA | Darrell Issa | Jul 17, 2009 | |
| R-TN | David P. Roe | Jul 17, 2009 | |
| R-CO | Doug Lamborn | Jul 17, 2009 | |
| R-UT | Jason Chaffetz | Jul 17, 2009 | |
| R-OH | Jean Schmidt | Jul 17, 2009 | |
| R-TX | Jeb Hensarling | Jul 17, 2009 | |
| R-AZ | Jeff Flake | Jul 17, 2009 | |
| R-AZ | John B. Shadegg | Jul 17, 2009 | |
| R-CA | John Campbell | Jul 17, 2009 | |
| R-LA | John Fleming | Jul 17, 2009 | |
| R-MN | John Kline | Jul 17, 2009 |
Committees 6
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 Jul 9, 2009 |
| House | Energy and Commerce Committee | Referred Jul 9, 2009 |
| Health Subcommittee | Referred Jul 10, 2009 | |
| Communications and Technology Subcommittee | Referred Jul 10, 2009 | |
| House | Appropriations Committee | Referred Jul 9, 2009 |
| House | Ways and Means Committee | Referred Jul 9, 2009 |
| House | Transportation and Infrastructure Committee | Referred Jul 9, 2009 |
| Aviation Subcommittee | Referred Jul 10, 2009 | |
| Coast Guard and Maritime Transportation Subcommittee | Referred Jul 10, 2009 | |
| Economic Development, Public Buildings, and Emergency Management Subcommittee | Referred Jul 10, 2009 | |
| Highways and Transit Subcommittee | Referred Jul 10, 2009 | |
| Railroads, Pipelines, and Hazardous Materials Subcommittee | Referred Jul 10, 2009 | |
| Water Resources and Environment Subcommittee | Referred Jul 10, 2009 | |
| House | Veterans' Affairs Committee | Referred Jul 9, 2009 |
Actions 16
Everything that happened, newest first.
- Jul 10, 2009Referred to the Subcommittee on Health.
- Jul 10, 2009Referred to the Subcommittee on Communications, Technology, and the Internet.
- Jul 10, 2009Referred to the Subcommittee on Aviation.
- Jul 10, 2009Referred to the Subcommittee on Coast Guard and Maritime Transportation.
- Jul 10, 2009Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
- Jul 10, 2009Referred to the Subcommittee on Highways and Transit.
- Jul 10, 2009Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
- Jul 10, 2009Referred to the Subcommittee on Water Resources and Environment.
- Jul 9, 2009Introduced in House
- Jul 9, 2009Referred to House Financial Services
- Jul 9, 2009Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, Appropriations, Ways and Means, Transportation and Infrastructure, and Veterans' Affairs, 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.
- Jul 9, 2009Referred to House Energy and Commerce
- Jul 9, 2009Referred to House Appropriations
- Jul 9, 2009Referred to House Ways and Means
- Jul 9, 2009Referred to House Transportation and Infrastructure
- Jul 9, 2009Referred to House Veterans' Affairs
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To rescind unobligated appropriations and repeal certain provisions in the American Recovery and Reinvestment Act of 2009, and for other purposes.
- Short Titles as Introduced
- Reducing Barack Obama's Unsustainable Deficit Act
Subjects
Assigned by the Library of Congress. Policy area: Economics and Public Finance.
- Appropriations
- Bank accounts, deposits, capital
- Broadcasting, cable, digital technologies
- Budget deficits and national debt
- Computers and information technology
- Congressional oversight
- Corporate finance and management
- Economics and Public Finance
- Financial crises and stabilization
- Health care costs and insurance
- Health information and medical records
- Health programs administration and funding
- Housing finance and home ownership
- Intergovernmental relations
- Medicaid
- Medicare
- Securities
- State and local finance
- Unemployment
- Wages and earnings
Text 1
Each version as it was printed, newest first.
- Jul 9, 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
