3.0.0 710 2019-11-15T20:54:24Z 2019-11-15T20:54:24Z House H HR 2009-01-27 111 hswm00 Ways and Means Committee House Standing Referred to 2009-01-27T15:32:41Z hsba00 Financial Services Committee House Standing Referred to 2009-01-27T15:32:39Z 2009-01-27 Referred to House Ways and Means IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-01-27 Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2009-01-27 Referred to House Financial Services IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-01-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-01-27 Introduced in House IntroReferral 1000 9 Library of Congress A000022 Rep. Ackerman, Gary L. [D-NY-5] GARY ACKERMAN D NY L. 5 N M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2009-06-08 False Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Financial services and investments Government employee pay, benefits, personnel management Securities Finance and Financial Sector 00 2009-01-27 Introduced in House 2009-04-08T18:54:21Z Public Retiree's Investment Act of 2009 - Authorizes the Secretary of the Treasury to guarantee eligible investments, or reguarantee a guarantee of eligible investments, by any public pension bank capital infusion fund mutually owned by state and local pension plans for the sole purpose of investing in preferred stocks of U.S. banking institutions.

Requires each public pension plan with a mutual ownership interest in a capital infusion fund to be authorized by state law to establish, or participate in the formation of, a wholly owned mutual fund or a limited liability corporation, in the case of joint ownership with other public pension plans.

Caps the maximum amount of investments by such such a capital infusion fund at $50 billion.

Restricts eligible investments to those in the preferred stock of a qualifying financial institution under the Troubled Asset Relief Program (TARP) Capital Purchase Program established under the Emergency Economic Stabilization Act of 2008 (EESA).

]]> Public Retiree's Investment Act of 2009 Short Titles as Introduced Public Retiree's Investment Act of 2009 Display Title Public Retiree's Investment Act of 2009 Official Title as Introduced To secure additional Tier I capital for the United States banking system from parties other than the Federal Government by providing authority to the Secretary of the Treasury to guaranty certain new preferred stock investments made by public pensions acting in a collective fashion, and for other purposes. Introduced in House 2009-01-27T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr710ih/xml/BILLS-111hr710ih.xml 2009-01-27 Referred to House Ways and Means 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.