H.R.2111 - Congressional Commission on Financial Accountability and Preparedness Act of 2009111th Congress (2009-2010)
|Sponsor:||Rep. Burgess, Michael C. [R-TX-26] (Introduced 04/27/2009)|
|Committees:||House - Financial Services|
|Latest Action:||04/27/2009 Referred to the House Committee on Financial Services.|
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Subject — Policy Area:
- Finance and Financial Sector
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Summary: H.R.2111 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (04/27/2009)
Congressional Commission on Financial Accountability and Preparedness Act of 2009 - Establishes the Congressional Commission on Financial Accountability and Preparedness to review and report to Congress on the actions leading up to the 2008 breakdown in the financial markets and failures in the regulatory system.
Requires the Commission to submit special reports on: (1) any corporate abuse of taxpayer funds the Commission finds occurred; (2) the current state of the regulatory system and its effectiveness in overseeing the participants in the financial system and protecting consumers; and (3) any fiduciary negligence, fraudulent behavior, poor corporate governance, obstructionism, or media manipulation that the Commission determines was engaged in by relevant corporate officers and elected or appointed government officials.