HR 6337 · 111th Congress 2009–2011, ended

Truth in Bailouts Act

Introduced Sep 29, 2010 Originated House Sponsor Jeb Hensarling R-TX

Fact sheet Spreadsheet

Latest action · Sep 29, 2010 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.

  1. IntroducedSep 29, 2010
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Truth in Bailouts Act - Amends the Emergency Economic Stabilization Act of 2008 to require any financial institution in which the Treasury holds an equity or debt position acquired under the Troubled Asset Relief Program (TARP) to provide the following displays: (1) at each of its places of business, signs disclosing, in a clear and conspicuous manner, the statement "This institution has received financial assistance from the Federal Government under the Troubled Asset Relief Program and has not yet repaid the taxpayers"; and (2) on the main page of its website, the same disclosure in a clear and conspicuous manner.

Cosponsors 22

Members who signed on, in the order they did. All signed on Sep 29, 2010.

SeatCosponsorSigned on
R-FLBill PoseyOriginalSep 29, 2010
R-CADarrell IssaOriginalSep 29, 2010
R-GAJack KingstonOriginalSep 29, 2010
R-OHJim JordanOriginalSep 29, 2010
R-TXJohn Abney CulbersonOriginalSep 29, 2010
R-AZJohn B. ShadeggOriginalSep 29, 2010
R-LAJohn FlemingOriginalSep 29, 2010
R-PAJoseph R. PittsOriginalSep 29, 2010
R-ILJudy BiggertOriginalSep 29, 2010
R-TXKenny MarchantOriginalSep 29, 2010
R-TXLouie GohmertOriginalSep 29, 2010
R-TNMarsha BlackburnOriginalSep 29, 2010
R-INMike PenceOriginalSep 29, 2010
R-TXPete OlsonOriginalSep 29, 2010
R-GAPhil GingreyOriginalSep 29, 2010
R-UTRob BishopOriginalSep 29, 2010
R-NJScott GarrettOriginalSep 29, 2010
R-ALSpencer BachusOriginalSep 29, 2010
R-FLThomas J. RooneyOriginalSep 29, 2010
R-GATom PriceOriginalSep 29, 2010
R-AZTrent FranksOriginalSep 29, 2010
R-MOW. Todd AkinOriginalSep 29, 2010

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseFinancial Services Committee
Referred Sep 29, 2010

Actions 2

Everything that happened, newest first.

  1. Sep 29, 2010Introduced in House
  2. Sep 29, 2010Referred to the House Committee on Financial Services.

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To amend the Emergency Economic Stabilization Act of 2008 to require each institution with outstanding assistance under the Troubled Asset Relief Program to disclose such fact to the institution's customers.
Short Titles as Introduced
Truth in Bailouts Act

Subjects

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

Text 1

Each version as it was printed, newest first.

  1. Sep 29, 2010Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.