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S.Amdt. 1026Senate111th Congress (2009-2011)2nd degree

To prohibit the use of Troubled Asset Relief Program funds for the purchase of common stock, and for other purposes.

Sponsored by Jim DeMintSen. Jim DeMint (R-SC)
Submitted April 30, 2009

Legislative Activity

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5 earlier actions
Floor Latest Action

Senate amendment proposed (on the floor): Amendment SA 1026 proposed by Senator DeMint to Amendment SA 1018.(consideration: CR S5101-5106, S5110; text: CR S5101)

May 5, 2009

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Floor

Senate amendment proposed (on the floor): Amendment SA 1026 proposed by Senator DeMint to Amendment SA 1018.(consideration: CR S5101-5106, S5110; text: CR S5101)

May 5, 2009

Floor

Senate amendment not agreed to: Amendment SA 1026 not agreed to in Senate by Yea-Nay Vote. 36 - 59. Record Vote Number: 181.

May 5, 2009

Floor

Roll call votes on amendments in Senate: Amendment SA 1026 not agreed to in Senate by Yea-Nay Vote. 36 - 59. Record Vote Number: 181.

May 5, 2009

Floor

Amendment SA 1026 proposed by Senator DeMint to Amendment SA 1018. (consideration: CR S5101-5106, S5110; text: CR S5101) To prohibit the use of Troubled Asset Relief Program funds for the purchase of common stock, and for other purposes.

May 5, 2009

Floor

Amendment SA 1026 not agreed to in Senate by Yea-Nay Vote. 36 - 59. Record Vote Number: 181.

May 5, 2009

Floor

Senate amendment submitted

April 30, 2009

Votes

1 roll call on this amendment

SENATE

Roll Call Available

May 5, 2009 at 5:38 PM

On the Amendment S.Amdt. 1026 to S.Amdt. 1018 to S. 896 (Helping Families Save Their Homes Act of 2009)

Majority required: 1/2 (50%)

Failed

36 - 59

Text

Submitted

Proposed · May 5, 2009Submitted · Apr 30, 2009
Formatted textPDF
SA 1026. Mr. DeMINT submitted an amendment intended to be proposed by
him to the bill S. 896, to prevent mortgage foreclosures and enhance
mortgage credit availability; which was ordered to lie on the table; as
follows:

At the appropriate place, insert the following:

SEC. __. LIMITATION ON USE OF TARP FUNDS.

Notwithstanding any other provision of law, on and after
April 22, 2009, no funds made available to carry out the
Troubled Asset Relief Program may be used for the acquisition
of ownership of the common stock of any financial institution
assisted under title I of the Emergency Economic
Stabilization Act of 2008, either directly or through a
conversion of preferred stock or future direct capital
purchases.
______