Summary: S.1642 — 111th Congress (2009-2010)All Information (Except Text)

There is one summary for S.1642. Bill summaries are authored by CRS.

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Introduced in Senate (08/06/2009)

Save American Free Enterprise Act or the SAFE Act - Lowers the statutory public debt limit by the aggregate amounts of $80.893 billion, plus revenues received from the sale of troubled assets purchased, or from the sale, exercise, or surrender of warrants or senior debt instruments acquired, under the Troubled Asset Relief Program (TARP) established by the Emergency Economic Stabilization Act of 2008, including interest and dividends attributable to those amounts after August 7, 2009.