3.0.0 4118 2023-01-11T13:17:17Z 2023-01-11T13:17:17Z House H HR 2009-11-19 111 hsba00 Financial Services Committee House Standing Referred to 2009-11-19T15:03:47Z 2009-11-19 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-11-19 Sponsor introductory remarks on measure. (CR E2821) IntroReferral B00100 9 Library of Congress 2009-11-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-11-19 Introduced in House IntroReferral 1000 9 Library of Congress K000360 Rep. Kirk, Mark Steven [R-IL-10] MARK KIRK R IL STEVEN 10 N R000580 Rep. Roskam, Peter J. [R-IL-6] Peter Roskam R IL J. 6 2009-11-19 True Finance and Financial Sector Bank accounts, deposits, capital Budget deficits and national debt Business investment and capital Congressional oversight Financial crises and stabilization Financial services and investments Insurance industry and regulation Manufacturing Motor vehicles Finance and Financial Sector 00 2009-11-19 Introduced in House 2010-01-06T22:06:07Z Taxpayer Investment Protection Act of 2009 - Directs the Secretary of the Treasury to divest, by December 31, 2010, the federal ownership interest in certain troubled assets purchased by the Secretary under the Troubled Asset Relief Program (TARP) under the Emergency Economic Stabilization Act of 2008 (EESA).

Requires all repayments of obligations arising under EESA, and all proceeds from the sale of assets acquired by the federal government under EESA, to be paid into the general fund of the Treasury for reduction of the public debt.

Instructs the Secretary to report periodically to Congress on plans for compliance with this Act, providing detail on equity divestiture plans and return of capital for the following corporate investments: (1) Bank of America; (2) Chrysler; (3) General Motors; (4) Citigroup; (5) American International Group, Inc. (AIG); (6) Hartford Financial Services; (7) Lincoln National Corporation; and (8) GMAC (formerly General Motors Acceptance Corporation).

]]> Taxpayer Investment Protection Act of 2009 Display Title Taxpayer Investment Protection Act of 2009 Official Title as Introduced To prohibit the Federal Government from holding security interests, and for other purposes. Introduced in House IH Short Titles as Introduced Taxpayer Investment Protection Act of 2009 Introduced in House 2009-11-19T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4118ih/xml/BILLS-111hr4118ih.xml 2009-11-19 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.