H.R. 467 · 111th Congress
Equitable Treatment of State and Local Governments 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.
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SpeierSponsor11 cosponsors · 11 D
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Eshoo
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Sánchez
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Connolly
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Grayson
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Perlmutter
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Schiff
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Ellison
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Baca
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Farr
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Salazar1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Equitable Treatment of State and Local Governments Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Secretary of the Treasury to purchase at face value debt instruments issued by Lehman Brothers Holdings Inc.
What it does: CRS summary · Introduced in House · Jan 13, 2009
Equitable Treatment of State and Local Governments Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Secretary of the Treasury to purchase at face value debt instruments issued by Lehman Brothers Holdings Inc. which: (1) were held as of September 15, 2008, by any state or local government, or any other public entity or instrumentality established under state law; (2) have been held by such entity continuously since such date; and (3) are subject to bankruptcy proceedings filed on September 15, 2008, by Lehman Brothers Holdings Inc.
Declares that the Secretary: (1) shall be substituted as a creditor in any bankruptcy proceeding for any state or local government, or any other public entity or instrumentality established under state law from which the Secretary purchases a debt instrument; and (2) has the same standing in such proceedings with respect to other creditors as the state or local government or public entity for which the Secretary is substituted.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Equitable Treatment of State and Local Governments Act of 2009
Latest action (Jan 13, 2009): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jan 13, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.