S. 390 · 116th Congress
A bill to clarify that funding for the Securities Investor Protection Corporation is not subject to the…
Full title
A bill to clarify that funding for the Securities Investor Protection Corporation is not subject to the sequester.
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
No cosponsors.
This bill provides that any sequestration ordered by the President is inapplicable to funding of the Securities Investor Protection Corporation. (Sequestration is a process of automatic, usually across-the-board spending reductions under which budgetary resources are permanently cancelled to enforce specific budget policy goals.)
What it does: CRS summary · Introduced in Senate · Feb 7, 2019
This bill provides that any sequestration ordered by the President is inapplicable to funding of the Securities Investor Protection Corporation. (Sequestration is a process of automatic, usually across-the-board spending reductions under which budgetary resources are permanently cancelled to enforce specific budget policy goals.)
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to clarify that funding for the Securities Investor Protection Corporation is not subject to the sequester.
Latest action (Feb 7, 2019): Read twice and referred to the Committee on the Budget.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Feb 7, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.