3.0.0 7226 2023-01-11T13:15:51Z 2023-01-11T13:15:51Z House H HR 2008-09-29 110 hsba00 Financial Services Committee House Standing Referred to 2008-09-29T12:03:05Z 2008-09-29 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-09-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-09-29 Introduced in House IntroReferral 1000 9 Library of Congress S000275 Rep. Shadegg, John B. [R-AZ-3] JOHN SHADEGG R AZ 3 N K000220 Rep. Kingston, Jack [R-GA-1] JACK KINGSTON R GA 1 2008-09-29 True R000580 Rep. Roskam, Peter J. [R-IL-6] Peter Roskam R IL J. 6 2008-09-29 True D000168 Rep. Deal, Nathan [R-GA-9] NATHAN DEAL R GA 9 2008-09-29 True F000449 Rep. Fortenberry, Jeff [R-NE-1] Jeff Fortenberry R NE 1 2008-09-29 True G000550 Rep. Gingrey, Phil [R-GA-11] Phil Gingrey R GA 11 2008-09-29 True W000796 Rep. Westmoreland, Lynn A. [R-GA-3] Lynn Westmoreland R GA A. 3 2008-09-29 True B001256 Rep. Bachmann, Michele [R-MN-6] Michele Bachmann R MN 6 2008-09-29 True S001167 Rep. Sali, Bill [R-ID-1] Bill Sali R ID 1 2008-09-29 True W000267 Rep. Weldon, Dave [R-FL-15] DAVE WELDON R FL 15 2008-09-29 True G000552 Rep. Gohmert, Louie [R-TX-1] Louie Gohmert R TX 1 2008-09-29 True F000450 Rep. Foxx, Virginia [R-NC-5] Virginia Foxx R NC 5 2008-09-29 True D000605 Rep. Drake, Thelma D. [R-VA-2] Thelma Drake R VA D. 2 2008-09-29 True G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2008-09-29 True S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2008-09-29 True P000588 Rep. Pearce, Stevan [R-NM-2] Stevan Pearce R NM 2 2008-09-29 True A000358 Rep. Akin, W. Todd [R-MO-2] W. AKIN R MO TODD 2 2008-09-29 True H000676 Rep. Hoekstra, Peter [R-MI-2] PETER HOEKSTRA R MI 2 2008-09-29 True R000572 Rep. Rogers, Mike J. [R-MI-8] Mike Rogers R MI 8 2008-09-29 True B001239 Rep. Barrett, J. Gresham [R-SC-3] J. Barrett R SC Gresham 3 2008-09-29 True F000444 Rep. Flake, Jeff [R-AZ-6] JEFF FLAKE R AZ 6 2008-09-29 True B001243 Rep. Blackburn, Marsha [R-TN-7] Marsha Blackburn R TN 7 2008-09-29 True B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 2008-09-29 True C001051 Rep. Carter, John R. [R-TX-31] John Carter R TX R. 31 2008-09-29 True M001157 Rep. McCaul, Michael T. [R-TX-10] Michael McCaul R TX T. 10 2008-09-29 True T000462 Rep. Tiberi, Patrick J. [R-OH-12] PATRICK TIBERI R OH J. 12 2008-09-29 True B001247 Rep. Brown-Waite, Ginny [R-FL-5] Ginny Brown-Waite R FL 5 2008-09-29 True J000174 Rep. Johnson, Sam [R-TX-3] SAM JOHNSON R TX 3 2008-09-29 True K000362 Rep. King, Steve [R-IA-5] Steve King R IA 5 2008-09-29 True M001138 Rep. Manzullo, Donald A. [R-IL-16] DONALD MANZULLO R IL 16 2008-09-29 True S000244 Rep. Sensenbrenner, F. James, Jr. [R-WI-5] F. SENSENBRENNER R WI JAMES 5 2008-09-29 True F000447 Rep. Feeney, Tom [R-FL-24] Tom Feeney R FL 24 2008-09-29 True B001232 Rep. Biggert, Judy [R-IL-13] JUDY BIGGERT R IL 13 2008-09-29 True D000429 Rep. Doolittle, John T. [R-CA-4] JOHN DOOLITTLE R CA T. 4 2008-09-29 True M001147 Rep. McCotter, Thaddeus G. [R-MI-11] Thaddeus McCotter R MI G. 11 2008-10-02 False Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Corporate finance and management Federal Deposit Insurance Corporation (FDIC) Financial crises and stabilization Government lending and loan guarantees Securities Wages and earnings Finance and Financial Sector 00 2008-09-29 Introduced in House 2008-12-15T16:27:56Z Net Worth Certificate Program Act of 2008 - Directs the Chairman of the Federal Deposit Insurance Corporation (FDIC) to create a net worth certificate program that will settle the financial markets without significant expense to taxpayers.

States that such program will be authorized to purchase net worth certificates by issuing FDIC senior notes to the banks in the form of subordinated debentures, or in any other form the Chairman determines meets program goals and requirements.

Requires the Chairman to certify that a bank eligible for the program is both: (1) in danger of failing; and (2) could be viable if given more time.

Requires the Chairman to issue new, strict supervision rules for banks that wish to enter the program, including oversight of top executive compensation and removal of poor management.

]]> Net Worth Certificate Program Act of 2008 Display Title Net Worth Certificate Program Act of 2008 Official Title as Introduced To direct the Federal Deposit Insurance Corporation to create a "net worth certificate" program along the lines of what Congress enacted in the 1980s for the savings and loan industry. Introduced in House IH Short Titles as Introduced Net Worth Certificate Program Act of 2008 Introduced in House 2008-09-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr7226ih/xml/BILLS-110hr7226ih.xml 2008-09-29 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.