H.R. 74 (111th): Financial Oversight Commission Act of 2009

Jan 06, 2009 (111th Congress, 2009–2010)
Died (Referred to Committee)
Darrell Issa
Representative for California's 49th congressional district
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Last Updated
Jan 06, 2009
15 pages
Related Bills
H.R. 7275 (110th) was a previous version of this bill.

Referred to Committee
Last Action: Nov 19, 2008


This bill was introduced on January 6, 2009, in a previous session of Congress, but was not enacted.

Introduced Jan 06, 2009
Referred to Committee Jan 06, 2009
Full Title

To establish the Financial Oversight Commission, and for other purposes.


No summaries available.

12 cosponsors (12R) (show)

House Financial Services

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Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

Financial Oversight Commission Act of 2009 - Establishes the Financial Oversight Commission to investigate the financial crisis of 2008, including relevant legislation, Executive Order, regulation, plan, policy, practice, or procedure that pertains to:
(1) government sponsored enterprises;
(2) the stock market;
(3) the housing market;
(4) credit rating agencies;
(5) the financial services sector, including hedge funds, private equity and the insurance industry; and
(6) the role of congressional oversight and resource allocation.
Directs the Commission to identify, review, and evaluate the lessons learned from the crisis in connection with the structure, coordination, management policies, and procedures of governmental and nongovernmental entities regarding crisis detection, prevention, and response.
Requires the Commission to report to the President and Congress its findings, conclusions, and recommendations.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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