H.R. 1119: Bailouts Are Not For Sale Act

Introduced:
Mar 13, 2013
Status:
Referred to Committee on Mar 13, 2013
Prognosis
1% chance of being enacted
Track this bill

This bill was assigned to a congressional committee on March 13, 2013, which will consider it before possibly sending it on to the House or Senate as a whole.

Introduced
Mar 13, 2013
Reported by Committee
Passed House
Passed Senate
Signed by the President
 
Sponsor
Alan Grayson
Representative for Florida's 9th congressional district
Party
Democrat
Text
Read Text »
Last Updated
Mar 13, 2013
Length
3 pages
Related Bills
H.R. 4768 (111th) was a previous version of this bill.

Referred to Committee
Last Action: Mar 04, 2010

 
Full Title

To prevent funding provided through the Federal Reserve System from being made available to corporations that finance political campaigns or political propaganda, and for other purposes.

Summary

No summaries available.

 
Prognosis

7% chance of getting past committee.
1% chance of being enacted.

Only 11% of bills made it past committee and only about 3% were enacted in 2011–2013. [show factors | methodology]

Cosponsors
none
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)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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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.


3/13/2013--Introduced.
Bailouts Are Not For Sale Act - Prohibits a corporation which has made any independent expenditure or disbursement for an electioneering communication in connection with a federal election campaign from:
(1) having any notes discounted by any federal reserve bank, or
(2) otherwise accessing or receiving the benefit of any financing provided by the Board of Governors of the Federal Reserve System or any federal reserve bank (including any credit facility established by the Board or any federal reserve bank).
Directs the Board to require a corporation that has entered into such a transaction or financing agreement before enactment of this Act to unwind it and repay any amount outstanding within 90 days after enactment of this Act.

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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