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senate Bill S. 1223

Free Enterprise Act of 2009

bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Senate Committee on Banking, Housing, and Urban Affairs
    IntroducedJune 10th, 2009

Bill Details

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Title

Free Enterprise Act of 2009

Official Title

A bill to require prior Congressional approval of emergency funding resulting in Government ownership of private entities.

Summary

Free Enterprise Act of 2009 - Requires congressional approval before any Troubled Asset Relief Program (TARP) funds are provided or obligated to any entity, on and after May 29, 2009, whose receipt of such funds would result in federal government acquisition of its common or preferred stock.

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