HR 384. (Mortgage-backed securities buyout conditions) Hensarling of Texas amendment that would remove the authority for the Treasury Department to attend meetings of the board of directors of institutions receiving bailout money /On agreeing to the amendment
house Roll Call 20
Jan 15, 2009
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This vote was on an amendment by Jeb Hensarling, R-Texas, that would remove the authority of the Treasury secretary to send an observer to board of directors meetings of institutions receiving bailout funds. The amendment was offered to a bill that would create new conditions on the use of some $700 billion in funding to purchase certain “toxic” mortgage assets weighing down the balance books of banks and companies. This “bailout” money is intended to help ease a credit crunch that is stifling business across the nation. |
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