To prohibit taxpayers from ever having to bail out the financial sector.
Sen. Barbara Boxer (D-CA)Legislative Activity
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Senate amendment agreed to: Amendment SA 3737 agreed to in Senate by Yea-Nay Vote. 96 - 1. Record Vote Number: 130.
May 5, 2010
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Senate amendment agreed to: Amendment SA 3737 agreed to in Senate by Yea-Nay Vote. 96 - 1. Record Vote Number: 130.
May 5, 2010
Roll call votes on amendments in Senate: Amendment SA 3737 agreed to in Senate by Yea-Nay Vote. 96 - 1. Record Vote Number: 130.
May 5, 2010
Considered by Senate. (consideration: CR S3121, S3147)
May 5, 2010
Amendment SA 3737 agreed to in Senate by Yea-Nay Vote. 96 - 1. Record Vote Number: 130.
May 5, 2010
Considered by Senate. (consideration: CR S3061, S3063-3065)
May 4, 2010
Considered by Senate. (consideration: CR S3016)
May 3, 2010
Considered by Senate. (consideration: CR S2988)
April 30, 2010
Senate amendment submitted
April 29, 2010
Senate amendment proposed (on the floor): Amendment SA 3737 proposed by Senator Reid for Senator Boxer to Amendment SA 3739.(consideration: CR S2772-2782; text: CR S2772)
April 29, 2010
Amendment SA 3737 proposed by Senator Reid for Senator Boxer to Amendment SA 3739. (consideration: CR S2772-2782; text: CR S2772) To prohibit taxpayers from ever having to bail out the financial sector.
April 29, 2010
Votes
1 roll call on this amendment
Text
Submitted
SA 3737. Mrs. BOXER submitted an amendment intended to be proposed to amendment SA 3739 proposed by Mr. Reid (for Mr. Dodd (for himself and Mrs. Lincoln)) to the bill S. 3217, to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end ``too big to fail'', to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes; as follows: At the end of title II, add the following: SEC. 212. PROHIBITION ON TAXPAYER FUNDING. (a) Liquidation Required.--All financial companies put into receivership under this title shall be liquidated. No taxpayer funds [[Page S2816]] shall be used to prevent the liquidation of any financial company under this title. (b) Recovery of Funds.--All funds expended in the liquidation of a financial company under this title shall be recovered from the disposition of assets of such financial company, or shall be the responsibility of the financial sector, through assessments. (c) No Losses to Taxpayers.--Taxpayers shall bear no losses from the exercise of any authority under this title. ______