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house Bill H. Joint Res. 19

Relating to the disapproval of obligations under the Emergency Economic Stabilization Act of 2008.

joint resolution Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Financial Services
    IntroducedJanuary 15th, 2009

Bill Details

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Official Title

Relating to the disapproval of obligations under the Emergency Economic Stabilization Act of 2008.

Summary

Disapproves the obligation of any amount to purchase troubled assets under the Emergency Economic Stabilization Act of 2008 exceeding those already obligated (namely, $250 billion, or upon presidential certification, $350 billion outstanding at any one time). Approves, however, an amount up to 30% of the amount exceeding such obligated amounts for use solely to provide assistance to specified smaller community depository institutions, including privately held and other C corporations, community development financial institutions, non-stock corporations, S-corporations, and mutually owned insured depository institutions.

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