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Congress > Legislation
H.R. 2990:
Credit Rating Agency Duopoly Relief Act of 2006
109th Congress

This is a bill in the U.S. Congress originating in the House of Representatives ("H.R."). A bill must be passed by both the House and Senate and then be signed by the President before it becomes law.

Bill numbers restart from 1 every two years. Each two-year cycle is called a session of Congress. This bill was created in the 109th Congress, in 2005-2006.

The titles of bills are written by the bill's sponsor and are a part of the legislation itself. GovTrack does not editorialize bill summaries.

2005-2006
Track H.R. 2990 [109th]

Because this bill was introduced in a previous session of Congress, no more action can occur on it.

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Primary Source

See H.R. 2990 [109th] on THOMAS for the official source of information on this bill or resolution.

To improve ratings quality by fostering competition, transparency, and accountability in the credit rating agency industry.

Overview

Sponsor:
Text:
Summary | Full Text
Cost:
less than $1 per American over the 2007-2011 period.

This is computed from a Congressional Budget Office report, merely by dividing the estimated cost of $3,000,000 by the U.S. population. The figure is extracted from the report automatically and may be incorrect. See the report for details.

Status:
Occurred: IntroducedJun 20, 2005
Occurred: Referred to CommitteeView Committee Assignments
Occurred: Reported by CommitteeJun 14, 2006
Occurred: Amendments (2 proposed)View Amendments
Occurred: Passed HouseJul 12, 2006
Not Yet Occurred: Senate Vote(did not occur)
Not Yet Occurred: Signed by President(did not occur)
This bill never became law. This bill was proposed in a previous session of Congress. Sessions of Congress last two years, and at the end of each session all proposed bills and resolutions that haven't passed are cleared from the books. Members often reintroduce bills that did not come up for debate under a new number in the next session.
Last Action:
Jul 13, 2006: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related:
See the Related Legislation page for other bills related to this one and a list of subject terms that have been applied to this bill. Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned.
Votes:
Jul 12, 2006: This bill passed in the House of Representatives by roll call vote. The totals were 255 Ayes, 166 Nays, 11 Present/Not Voting. Vote Details.
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View all 2 votes on this bill.
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