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Result: Joint Resolution Defeated - January 15, 2009
Question: On the Joint Resolution (S.J.Res. 5)
This is a non-binding resolution declaring Congress’ disapproval of the release of the second tranche of the TARP funds as established by the Emergency Economic Stabilization Act of 2008
(initially $250 billion, or upon presidential certification, $350 billion). It was defeated in the Senate on January 15th, 2009 although its counterpart, H.J.Res.3
, passed in the House on the 22nd of January 2009.
OpenCongress bill summaries are written by OpenCongress editors and are entirely independent of Congress and the federal government. For the summary provided by Congress itself, via the Congressional Research Service, see the "Official Summary" below.
1/13/2009--Introduced.Declares that Congress disapproves the obligation of any funds that exceed specified amounts authorized for the purchase of troubled assets by the Secretary of the Treasury under the Emergency Economic Stabilization Act of 2008.