H.R.4768 - Bailouts Are Not For Sale Act111th Congress (2009-2010)
|Sponsor:||Rep. Grayson, Alan [D-FL-8] (Introduced 03/04/2010)|
|Committees:||House - Financial Services|
|Latest Action:||03/04/2010 Referred to the House Committee on Financial Services. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4768 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (03/04/2010)
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.