H.Res.1452 - Establishing the Select Committee on Financial Bailouts.110th Congress (2007-2008)
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|Sponsor:||Rep. Garrett, Scott [R-NJ-5] (Introduced 09/17/2008)|
|Committees:||House - Rules|
|Latest Action:||09/17/2008 Referred to the House Committee on Rules. (All Actions)|
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Summary: H.Res.1452 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in House (09/17/2008)
Establishes the Select Committee on Financial Bailouts to investigate the extraordinary actions taken by the Board of Governors of the Federal Reserve System and the Secretary of the Treasury in 2008.
Requires the Select Committee to report to the House of Representatives on: (1) such extraordinary actions; (2) the role that political activities and influence had in affecting the market conditions that led to such actions; and (3) recommendations for congressional action that would prevent the need for the Secretary and the Board to intervene in the capital markets in the future.