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

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

Referred to Committee
Last Action: Nov 19, 2008

 
Status

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

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

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

Summary

No summaries available.

Cosponsors
12 cosponsors (12R) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Citation

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


1/6/2009--Introduced.
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

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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