S. 680 (111th): A bill to limit Federal emergency economic assistance payments to certain recipients.

111th Congress, 2009–2010. Text as of Mar 24, 2009 (Introduced).

Status & Summary | PDF | Source: GPO

S 680 IS

111th CONGRESS

1st Session

S. 680

To limit Federal emergency economic assistance payments to certain recipients.

IN THE SENATE OF THE UNITED STATES

March 24, 2009

Mr. INHOFE introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To limit Federal emergency economic assistance payments to certain recipients.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. LIMITATION ON FEDERAL ECONOMIC ASSISTANCE PAYMENTS.

    Notwithstanding any other provision of law, payments to any person (including any affiliates thereof) under the Troubled Asset Relief Program established under Division A of the Emergency Economic Assistance Act of 2008 or any other Federal emergency economic assistance program may not exceed, in the aggregate, $150,000,000,000.