S.Res. 188Senate112th Congress (2011-2013)In Committee

A resolution opposing State bailouts by the Federal Government.

Sponsored by Mark KirkSen. Mark Kirk (R-IL)
Introduced May 18, 2011

Legislative Activity

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1 earlier action
SenateIntro Referral Latest Action

Referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S3112)

May 18, 2011

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SenateIntro Referral

Introduced in Senate

May 18, 2011

SenateIntro Referral

Referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S3112)

May 18, 2011

Floor Debate

24 members

What members said about S.Res. 188 on the floor

9 Republicans15 Democrats
Rand Paul
Sen. Rand PaulR-KY · May 26, 2011

I am pleased today to come to the floor of the Senate to talk about the PATRIOT Act. I am pleased we have cracked open the door that will shed some light on the PATRIOT Act. I wish the door were open…

Jeff Sessions
Sen. Jeff SessionsR-AL · May 26, 2011

Mr. President, we had an unfortunate series of votes last night, in my opinion, because it was all arranged by our leadership in the Senate to have a series of votes to do nothing. That is…

Daniel Coats
Sen. Daniel CoatsR-IN · May 26, 2011

Mr. President, I wish to thank the Senator from North Dakota for allowing me to go first. I will be relatively brief. I have spoken on the floor on a number of occasions regarding my frustration…

Ron Wyden
Sen. Ron WydenD-OR · May 26, 2011

Mr. President, I ask unanimous consent that Senator Sessions be recognized to speak for up to 20 minutes for debate only. Mr. President, the Senate is preparing to pass another 4- year extension of…

Kent Conrad
Sen. Kent ConradD-ND · May 26, 2011

Mr. President, I want to thank the Senator from Indiana for his thoughtful presentation. There are parts of it with which I disagree, but the overall theme of what he has said is undeniably true. I…

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Benjamin L. Cardin
Sen. Benjamin L. CardinD-MD · May 26, 2011

Mr. President, let me thank Senator McCain, not just for taking time for this colloquy concerning Mr. Magnitsky but for his longstanding commitment to justice issues, human rights issues, and the…

Chuck Grassley
Sen. Chuck GrassleyR-IA · May 26, 2011

Would the Chair inform me when I have spoken for 5 minutes. Mr. President, I have been a long-time supporter of free trade. I believe it is always a good thing when American businesses,…

Jack Reed
Sen. Jack ReedD-RI · May 26, 2011

Madam President, I ask unanimous consent that the order for the quorum call be rescinded. Madam President, we have been engaged in a very important debate on our budget over the last few days, and…

Mark Udall
Sen. Mark UdallD-CO · May 26, 2011

Mr. President, I rise today in conjunction with my colleague from Oregon to discuss what is before us here on the floor, which is the extension of the PATRIOT Act. I rise as well to express my…

Saxby Chambliss
Sen. Saxby ChamblissR-GA · May 26, 2011

I rise to speak in opposition to Amendment No. 365, Senator Paul's amendment concerning suspicious activity reports, or what is referred to as SARS. This amendment would prevent the Department of…

Christopher A. Coons
Sen. Christopher A. CoonsD-DE · May 26, 2011

Madam President, I ask unanimous consent that the Senate proceed to the consideration of S. 1114, a short-term one-month PATRIOT Act sunset extension bill, which is currently at the desk; that the…

Bill Nelson
Sen. Bill NelsonD-FL · May 26, 2011

Madam President, we have all heard the phrase ``drill, baby, drill.'' Well, it is interesting that the pro-oil company folks think that all of our answers have to do with drilling because, lo and…

John McCain
Sen. John McCainR-AZ · May 26, 2011

Madam President, I ask unanimous consent that the order for the quorum call be rescinded. I thank the Chair. Mr. President, in a few minutes my colleague from Maryland, Senator Cardin, will be…

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Richard J. Durbin
Sen. Richard J. DurbinD-IL · May 26, 2011

I understand there is time on the other side as well. I would like to speak on the majority's time. Madam President, it is my understanding that we have a consent that will allow Senator Paul to…

Mark Kirk
Sen. Mark KirkR-IL · May 26, 2011

Mr. President, I ask unanimous consent that the order for the quorum call be rescinded. Mr. President, last week, I spoke on the floor regarding the resignation of Dominique Strauss-Kahn, who is…

Tim Johnson
Sen. Tim JohnsonD-SD · May 26, 2011

Madam President, suspicious activity reports, or SARs, are just what they seem--reports by banks and other financial institutions when they come across obviously suspicious activity by one of their…

Harry Reid
Sen. Harry ReidD-NV · May 26, 2011

Madam President, I ask unanimous consent that the order for the quorum call be rescinded. I appreciate everyone's patience. We are working toward the end, but we are not there yet. I ask unanimous…

Tom Udall
Sen. Tom UdallD-NM · May 26, 2011

Mr. President, today's vote to extend expiring provisions of the so-called PATRIOT Act is not the first time Congress has extended the sunset provisions, nor will it be the last. In 2006, the USA…

James M. Inhofe
Sen. James M. InhofeR-OK · May 26, 2011

Mr. President, I ask unanimous consent to speak as in morning business for 10 minutes. Mr. President, I have made four speeches on the floor in the last month about the disaster, the catastrophe that…

Carl Levin
Sen. Carl LevinD-MI · May 26, 2011

Madam President, how much time is left? I thank the Chair. Madam President, I rise in opposition to the amendment of Senator Paul, No. 365. This amendment would effectively wipe out a critical tool…

Patrick J. Leahy
Sen. Patrick J. LeahyD-VT · May 26, 2011

Madam President, reserving the right to object, I ask unanimous consent that the agreement be modified to include the Leahy- Paul amendment with the same time for debate and a vote under the usual…

Robert Menendez
Sen. Robert MenendezD-NJ · May 26, 2011

Mr. President, I was unavoidably detained for rollcall vote No. 82, a vote on the motion to table the Paul amendment No. 363 related to firearm records. Had I been present, I would have voted ``yea''…

Richard Blumenthal
Sen. Richard BlumenthalD-CT · May 26, 2011

Mr. President, I was unavoidably absent during today's vote to extend three expiring provisions of the PATRIOT ACT, due to my son's college graduation. I voted to extend these provisions earlier this…

Jon Kyl
Sen. Jon KylR-AZ · May 26, 2011

The following Senators are necessarily absent: the Senator from Kansas (Mr. Roberts) and the Senator from Florida (Mr. Rubio). The following Senators are necessarily absent: the Senator from Kansas…

Bill Text

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Introduced in SenateIssued May 18, 2011

III

112th CONGRESS

1st Session

S. RES. 188

IN THE SENATE OF THE UNITED STATES

May 18, 2011

Mr. Kirk submitted the following resolution; which was referred to the Committee on Banking, Housing, and Urban Affairs

RESOLUTION

Opposing State bailouts by the Federal Government.

Whereas each State of the Union is a sovereign entity with a constitution and authority to issue sovereign debt;

Whereas the legislature of each State of the Union has the authority to reduce spending or raise taxes to pay the obligations to which the State has committed itself;

Whereas the officials of each State of the Union have the legal obligation to fully disclose the financial condition of the State to investors who purchase the debt of such State;

Whereas Congress has rejected prior requests from State creditors for payment of defaulted State debt; and

Whereas during the financial crisis in 1842, the Senate requested that the Secretary of State report any negotiations with State creditors to assume or guaranty State debts, to ensure that no promises of Federal Government support were proffered: Now, therefore, be it

That—

(1)

the Federal Government should take no action to redeem, assume, or guarantee State debt; and

(2)

the Secretary of the Treasury should report to Congress negotiations to engage in actions that would result in an outlay of Federal funds on behalf of creditors to a State.