H.R.4566 - Erasing our National Debt Through Accountability and Responsibility Plan Act of 2010111th Congress (2009-2010)
|Sponsor:||Rep. Paulsen, Erik [R-MN-3] (Introduced 02/02/2010)|
|Committees:||House - Financial Services; Ways and Means|
|Latest Action:||House - 02/02/2010 Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (All Actions)|
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Summary: H.R.4566 — 111th Congress (2009-2010)All Information (Except Text)
Introduced in House (02/02/2010)
Erasing our National Debt Through Accountability and Responsibility Plan Act of 2010 - Terminates the authorities granted the Secretary of the Treasury under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 (EESA) to purchase troubled assets from financial institutions.
Lowers the public debt limit by the amount of all TARP assistance repaid by recipients on or after the enactment of this Act, along with dividends, profits, or other funds paid to the Government based on such assistance.