S. 2867 · 111th Congress
A bill to require the Secretary of the Treasury to provide assistance to community depository institutions…
Full title
A bill to require the Secretary of the Treasury to provide assistance to community depository institutions under the Public-Private Investment Program, and for other purposes.
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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.
D
MurraySponsorNo cosponsors.
Instructs the Secretary of the Treasury to dedicate at least $30 billion out of amounts made available to implement the Troubled Asset Relief Program (TARP) in order to purchase troubled assets from community depository institutions under the Public-Private Investment Program.
What it does: CRS summary · Introduced in Senate · Dec 10, 2009
Instructs the Secretary of the Treasury to dedicate at least $30 billion out of amounts made available to implement the Troubled Asset Relief Program (TARP) in order to purchase troubled assets from community depository institutions under the Public-Private Investment Program.
Directs the Comptroller General, the Special Inspector General for TARP, and the Congressional Oversight Panel to report to Congress their evaluations and findings on the status and performance of such assistance.
Directs the chairperson of the board of directors of the Federal Deposit Insurance Corporation (FDIC) and the Secretary to report to Congress on the status of the Legacy Loans program, including: (1) barriers to attracting greater numbers of banks and investors to participate; (2) a detailed summary of all proposals being considered to address existing barriers and expand participation in the program; and (3) specific proposals to attract greater participation of community depository institutions.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to require the Secretary of the Treasury to provide assistance to community depository institutions under the Public-Private Investment Program, and for other purposes.
Latest action (Dec 10, 2009): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Dec 10, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.