Bailouts Are Not For Sale Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 13, 2013)
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.
What just happenedMar 13, 2013
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseMar 13, 2013
- Mar 13, 2013IntroReferralH11100
Referred to the House Committee on Financial Services.
- Mar 13, 2013IntroReferralIntro-H
Introduced in House
- Mar 13, 2013IntroReferral1000
Introduced in House