3.0.0 4254 2023-01-11T13:16:58Z 2023-01-11T13:16:58Z House H HR 2009-12-09 111 hsba00 Financial Services Committee House Standing Referred to 2009-12-09T15:03:55Z 2009-12-09 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-12-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-12-09 Introduced in House IntroReferral 1000 9 Library of Congress K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 N Finance and Financial Sector Bank accounts, deposits, capital Budget deficits and national debt Financial crises and stabilization Government trust funds Finance and Financial Sector 00 2009-12-09 Introduced in House 2010-01-12T20:25:25Z Community Bank Preservation Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) with respect to the repayment of Troubled Asset Relief Program (TARP) assistance. Repeals the current requirement that revenues of, and proceeds from the sale of, troubled assets purchased under TARP, or from the sale, exercise, or surrender of warrants or senior debt instruments acquired under TARP, be paid into the general fund of the Treasury for reduction of the public debt.

Requires instead that such revenues and proceeds be transfered to the Federal Deposit Insurance Corporation (FDIC) for deposit in the Deposit Insurance Fund to be used to reduce any premium increases that would otherwise be required of smaller insured depository institutions and community banks whose prudent activities did not contribute to the financial crisis.

]]> Community Bank Preservation Act Display Title Community Bank Preservation Act Official Title as Introduced To direct amounts derived from the repayment of TARP assistance to the Deposit Insurance Fund of the Federal Deposit Insurance Corporation to reduce the amount of any increase in premiums that would otherwise be required of smaller insured depository institutions and community banks whose prudent activities did not contribute to the financial crisis, and for other purposes. Introduced in House IH Short Titles as Introduced Community Bank Preservation Act Introduced in House 2009-12-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4254ih/xml/BILLS-111hr4254ih.xml 2009-12-09 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.