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    <updateDate>2023-01-11T13:19:23Z</updateDate>
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    <introducedDate>2009-04-22</introducedDate>
    <congress>111</congress>
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        <name>Banking, Housing, and Urban Affairs Committee</name>
        <chamber>Senate</chamber>
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            <name>Referred to</name>
            <date>2009-04-22T21:18:24Z</date>
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        <title>Debt Reduction Priority Act</title>
        <congress>111</congress>
        <number>869</number>
        <type>S</type>
        <latestAction>
          <actionDate>2009-04-22</actionDate>
          <text>Read twice and referred to the Committee on Finance.</text>
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        <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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    <sponsors>
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        <bioguideId>T000250</bioguideId>
        <fullName>Sen. Thune, John [R-SD]</fullName>
        <firstName>John</firstName>
        <lastName>Thune</lastName>
        <party>R</party>
        <state>SD</state>
        <middleName>R.</middleName>
        <isByRequest>N</isByRequest>
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    <policyArea>
      <name>Finance and Financial Sector</name>
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    <subjects>
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        <item>
          <name>Bank accounts, deposits, capital</name>
        </item>
        <item>
          <name>Budget deficits and national debt</name>
        </item>
        <item>
          <name>Financial crises and stabilization</name>
        </item>
        <item>
          <name>Interest, dividends, interest rates</name>
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        <actionDate>2009-04-22</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2009-07-06T21:03:08Z</updateDate>
        <text><![CDATA[ <p>Debt Reduction Priority Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require the Secretary of the Treasury to establish a procedure for: (1) depositing in the General Fund of the Treasury amounts received for repayment of financial assistance or payment of interest on the receipt of such assistance by an entity under the Troubled Asset Relief Program (TARP) or any program enacted by the Secretary under the authorities granted under such Act, including the Capital Purchase Program; and (2) dedication of any such amounts so received for the sole purpose of debt reduction.</p>]]></text>
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    <title>Debt Reduction Priority Act</title>
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        <title>Debt Reduction Priority Act</title>
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        <title>A bill to require the Secretary of the Treasury to use any amounts repaid by a financial institution that is a recipient of assistance under the Troubled Assets Relief Program for debt reduction.</title>
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        <title>Debt Reduction Priority Act</title>
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        <date>2009-04-22T04:00:00Z</date>
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    <latestAction>
      <actionDate>2009-04-22</actionDate>
      <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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