H.J.Res. 19 · 111th Congress
Relating to the disapproval of obligations under the Emergency Economic Stabilization Act of 2008.
- Stage
- In committee
- Sponsor
- Phil Gingrey
- Introduced
- 2009-01-15
- Latest action
- 2009-01-15 · Introduced in House
Summary
Disapproves the obligation of any amount to purchase troubled assets under the Emergency Economic Stabilization Act of 2008 exceeding those already obligated (namely, $250 billion, or upon presidential certification, $350 billion outstanding at any one time).
Approves, however, an amount up to 30% of the amount exceeding such obligated amounts for use solely to provide assistance to specified smaller community depository institutions, including privately held and other C corporations, community development financial institutions, non-stock corporations, S-corporations, and mutually owned insured depository institutions.