HR 467 IH

111th CONGRESS

1st Session

H. R. 467

To put State and local governments and other public entity or instrumentality established under State law in the same position they would have been in had the Secretary of the Treasury and the Board of Governors of the Federal Reserve System provided emergency financial assistance to Lehman Brothers Holdings Inc. by requiring the Secretary of the Treasury to purchase bonds issued by such financial institution, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

January 13, 2009

Ms. SPEIER (for herself and Ms. ESHOO) introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To put State and local governments and other public entity or instrumentality established under State law in the same position they would have been in had the Secretary of the Treasury and the Board of Governors of the Federal Reserve System provided emergency financial assistance to Lehman Brothers Holdings Inc. by requiring the Secretary of the Treasury to purchase bonds issued by such financial institution, and for other purposes.

SECTION 1. SHORT TITLE.

SEC. 2. PURCHASE OF CERTAIN BONDS AND OTHER DEBT INSTRUMENTS FROM STATE AND LOCAL GOVERNMENTS AND CERTAIN OTHER PUBLIC ENTITIES AND INSTRUMENTALITIES REQUIRED.

END