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 | |
| R-GA | John Linder | Jul 17, 2009 | |
| R-TX | John R. Carter | Jul 17, 2009 | |
| R-PA | Joseph R. Pitts | Jul 17, 2009 | |
| R-TX | K. Michael Conaway | Jul 17, 2009 | |
| R-TX | Kenny Marchant | Jul 17, 2009 | |
| R-TX | Kevin Brady | Jul 17, 2009 | |
| R-TX | Louie Gohmert | Jul 17, 2009 | |
| R-TX | Mac Thornberry | Jul 17, 2009 | |
| R-OK | Mary Fallin | Jul 17, 2009 | |
| R-TX | Michael T. McCaul | Jul 17, 2009 | |
| R-MN | Michele Bachmann | Jul 17, 2009 | |
| R-CO | Mike Coffman | Jul 17, 2009 | |
| R-IN | Mike Pence | Jul 17, 2009 | |
| R-GA | Paul C. Broun | Jul 17, 2009 | |
| R-TX | Pete Sessions | Jul 17, 2009 | |
| R-OH | Robert E. Latta | Jul 17, 2009 | |
| R-IA | Steve King | Jul 17, 2009 | |
| R-LA | Steve Scalise | Jul 17, 2009 | |
| R-AZ | Trent Franks | Jul 17, 2009 | |
| R-FL | Cliff Stearns | Jul 27, 2009 | |
| R-FL | Connie Mack | Jul 27, 2009 | |
| R-WY | Cynthia M. Lummis | Jul 27, 2009 | |
| R-IN | Dan Burton | Jul 27, 2009 | |
| R-MI | Dave Camp | Jul 27, 2009 | |
| R-NV | Dean Heller | Jul 27, 2009 | |
| R-VA | Eric Cantor | Jul 27, 2009 | |
| R-SC | Henry E. Brown, Jr. | Jul 27, 2009 | |
| R-CA | Howard P. "Buck" McKeon | Jul 27, 2009 | |
| R-GA | Jack Kingston | Jul 27, 2009 | |
| R-KS | Jerry Moran | Jul 27, 2009 | |
| R-SC | Joe Wilson | Jul 27, 2009 | |
| R-TX | Lamar Smith | Jul 27, 2009 | |
| R-TN | Marsha Blackburn | Jul 27, 2009 | |
| R-TX | Pete Olson | Jul 27, 2009 | |
| R-GA | Phil Gingrey | Jul 27, 2009 | |
| R-TX | Ralph M. Hall | Jul 27, 2009 | |
| R-TX | Randy Neugebauer | Jul 27, 2009 | |
| R-UT | Rob Bishop | Jul 27, 2009 | |
| R-AL | Robert B. Aderholt | Jul 27, 2009 | |
| R-TX | Ron Paul | Jul 27, 2009 | |
| R-MD | Roscoe G. Bartlett | Jul 27, 2009 | |
| R-TX | Sam Johnson | Jul 27, 2009 | |
| R-NC | Sue Wilkins Myrick | Jul 27, 2009 | |
| R-NC | Virginia Foxx | Jul 27, 2009 | |
| R-MO | W. Todd Akin | Jul 27, 2009 | |
| R-CA | Wally Herger | Jul 27, 2009 | |
| R-MO | Blaine Luetkemeyer | Jul 31, 2009 | |
| R-CA | Dana Rohrabacher | Jul 31, 2009 | |
| R-CA | Devin Nunes | Jul 31, 2009 | |
| R-CA | Duncan Hunter | Jul 31, 2009 | |
| R-WI | F. James Sensenbrenner, Jr. | Jul 31, 2009 | |
| R-KY | Geoff Davis | Jul 31, 2009 | |
| R-CA | George Radanovich | Jul 31, 2009 | |
| R-NE | Jeff Fortenberry | Jul 31, 2009 | |
| R-FL | Jeff Miller | Jul 31, 2009 | |
| R-TX | John Abney Culberson | Jul 31, 2009 | |
| R-TN | John J. Duncan, Jr. | Jul 31, 2009 | |
| R-IL | John Shimkus | Jul 31, 2009 | |
| R-CA | Kevin McCarthy | Jul 31, 2009 | |
| R-MI | Peter Hoekstra | Jul 31, 2009 | |
| R-MO | Sam Graves | Jul 31, 2009 | |
| R-FL | Thomas J. Rooney | Jul 31, 2009 | |
| R-OK | Tom Cole | Jul 31, 2009 | |
| R-CA | Tom McClintock | Jul 31, 2009 | |
| R-TN | Zach Wamp | Jul 31, 2009 | |
| R-IL | Donald A. Manzullo | Sep 8, 2009 | |
| R-AL | Spencer Bachus | Sep 10, 2009 | |
| R-NC | Walter B. Jones | Oct 1, 2009 | |
| R-NE | Adrian Smith | Dec 8, 2009 | |
| R-TX | Kay Granger | Dec 8, 2009 | |
| R-KS | Todd Tiahrt | Mar 12, 2010 | |
| R-PA | Todd Russell Platts | Jun 8, 2010 | |
| R-GA | Tom Graves | Jun 24, 2010 | |
| R-CA | Gary G. Miller | Jul 29, 2010 | |
| R-CA | Ken Calvert | Aug 10, 2010 |
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.
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.
