US Congress House Bill 3232 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 12-0)
Status: Introduced on July 16 2009 - 25% progression, died in committee
Action: 2009-07-16 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Provide a Return on Financial Investment for the Taxpayer Act of 2009 or the PROFIT Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require the Secretary of the Treasury to sell through a public auction any warrants associated with EESA assistance each time a financial institution makes a repayment of such assistance. Exempts from such requirement warrants associated with a repayment made by a financial institution that has received less than $250 million of such assistance.

PROFIT Act of 2009

Rep. John Boccieri [D-OH]	Rep. Michael Capuano [D-MA]	Rep. Steve Driehaus [D-OH]	Rep. Marcia Fudge [D-OH]
Rep. Alan Grayson [D-FL]	Rep. Marcy Kaptur [D-OH]	Rep. Mary Kilroy [D-OH]	Rep. Daniel Lipinski [D-IL]
Rep. Brad Sherman [D-CA]	Rep. Jackie Speier [D-CA]	Rep. Betty Sutton [D-OH]	Rep. Maxine Waters [D-CA]

Date	Chamber	Action
2009-07-16		Referred to the House Committee on Financial Services.
2009-07-16		Sponsor introductory remarks on measure. (CR E1824)

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/3232/all-info
Text	https://www.congress.gov/111/bills/hr3232/BILLS-111hr3232ih.pdf