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H.R. 2111 · 111th Congress

Congressional Commission on Financial Accountability and Preparedness Act of 2009

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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

4 cosponsors · 4 R

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Congressional Commission on Financial Accountability and Preparedness Act of 2009 - Establishes the Congressional Commission on Financial Accountability and Preparedness to review and report to Congress on the actions leading up to the 2008 breakdown in the financial markets and failures in the regulatory system.

What it does: CRS summary · Introduced in House · Apr 27, 2009

Congressional Commission on Financial Accountability and Preparedness Act of 2009 - Establishes the Congressional Commission on Financial Accountability and Preparedness to review and report to Congress on the actions leading up to the 2008 breakdown in the financial markets and failures in the regulatory system.

Requires the Commission to submit special reports on: (1) any corporate abuse of taxpayer funds the Commission finds occurred; (2) the current state of the regulatory system and its effectiveness in overseeing the participants in the financial system and protecting consumers; and (3) any fiduciary negligence, fraudulent behavior, poor corporate governance, obstructionism, or media manipulation that the Commission determines was engaged in by relevant corporate officers and elected or appointed government officials.


Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Congressional Commission on Financial Accountability and Preparedness Act of 2009

Latest action (Apr 27, 2009): Referred to the House Committee on Financial Services.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Apr 27, 2009

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.