Equitable Treatment of State and Local Governments Act of 2009
Latest action · Jan 13, 2009 Referred to the House Committee on Financial Services.
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.
- IntroducedJan 13, 2009
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Equitable Treatment of State and Local Governments Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Secretary of the Treasury to purchase at face value debt instruments issued by Lehman Brothers Holdings Inc. which: (1) were held as of September 15, 2008, by any state or local government, or any other public entity or instrumentality established under state law; (2) have been held by such entity continuously since such date; and (3) are subject to bankruptcy proceedings filed on September 15, 2008, by Lehman Brothers Holdings Inc.
Declares that the Secretary: (1) shall be substituted as a creditor in any bankruptcy proceeding for any state or local government, or any other public entity or instrumentality established under state law from which the Secretary purchases a debt instrument; and (2) has the same standing in such proceedings with respect to other creditors as the state or local government or public entity for which the Secretary is substituted.
Cosponsors 11
Members who signed on, in the order they did. Signatures ran from Jan 13, 2009 to Feb 22, 2010, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Anna G. Eshoo | Original | Jan 13, 2009 |
| D-CA | Linda T. Sánchez | Feb 4, 2009 | |
| D-VA | Gerald E. Connolly | Feb 13, 2009 | |
| D-CA | Adam B. Schiff | May 5, 2009 | |
| D-FL | Alan Grayson | May 5, 2009 | |
| D-CO | Ed Perlmutter | May 5, 2009 | |
| D-MN | Keith Ellison | May 12, 2009 | |
| D-CA | Joe Baca | Jun 15, 2009 | |
| D-CA | Sam Farr | Jun 15, 2009 | |
| D-CA | Bob Filner | Jun 25, 2009 | |
| D-CO | John T. Salazar | Feb 22, 2010 |
Actions 2
Everything that happened, newest first.
- Jan 13, 2009Introduced in House
- Jan 13, 2009Referred to the House Committee on Financial Services.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jan 13, 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.