3.0.0 1198 2023-01-11T13:18:39Z 2023-01-11T13:18:39Z Senate S S 2009-06-08 111 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2009-06-08T19:05:44Z 2009-06-08 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2009-06-08 Introduced in Senate IntroReferral 10000 9 Library of Congress A000360 Sen. Alexander, Lamar [R-TN] Lamar Alexander R TN N B000382 Sen. Bennett, Robert F. [R-UT] ROBERT BENNETT R UT F. 2009-06-08 True M000355 Sen. McConnell, Mitch [R-KY] Mitch McConnell R KY 2009-06-08 True K000352 Sen. Kyl, Jon [R-AZ] Jon Kyl R AZ Llewellyn 2009-06-08 True V000127 Sen. Vitter, David [R-LA] David Vitter R LA 2009-06-08 True C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2009-06-08 True I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2009-06-08 True R000307 Sen. Roberts, Pat [R-KS] PAT ROBERTS R KS 2009-06-08 True G000445 Sen. Gregg, Judd [R-NH] Judd Gregg R NH 2009-06-08 True W000437 Sen. Wicker, Roger F. [R-MS] Roger Wicker R MS F. 2009-06-08 True B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze 2009-06-11 False Finance and Financial Sector Civil actions and liability Corporate finance and management Economic performance and conditions Motor vehicles Securities Finance and Financial Sector 00 2009-06-08 Introduced in Senate 2009-09-14T21:17:45Z Auto Stock for Every Taxpayer Act - Prohibits the Secretary of the Treasury from expending or obligating any more Troubled Asset Relief Program (TARP) funds for automobile manufacturers that have been participating in the program and have filed for bankruptcy protection.

Imposes on the Secretary the fiduciary duty to maximize the return on the taxpayers' investment in such manufacturers under TARP.

Authorizes persons aggrieved by violations of such fiduciary duty to bring civil actions for equitable relief.

Requires the Secretary, after the emergence of such an automobile manufacturer from bankruptcy, to provide taxpayers with common stock certificates representing their shares in the aggregate common stock holdings of the federal government in such manufacturer.

]]> Auto Stock for Every Taxpayer Act Display Title Auto Stock for Every Taxpayer Act Official Title as Introduced A bill to limit disbursement of additional funds under the Troubled Asset Relief Program to certain automobile manufacturers, to impose fiduciary duties on the Secretary of the Treasury with respect to shareholders of such automobile manufacturers, to require the issuance of shares of common stock to eligible taxpayers which represent the common stock holdings of the United States Government in such automobile manufacturers, and for other purposes. Introduced in Senate IS Short Titles as Introduced Auto Stock for Every Taxpayer Act Introduced in Senate 2009-06-08T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s1198is/xml/BILLS-111s1198is.xml 2009-06-08 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.