US Congress House Bill 1151 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on March 17 2011 - 25% progression, died in committee
Action: 2011-03-17 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Emergency Mortgage Relief and Neighborhood Stabilization Programs Cost Recoupment Act of 2011 - Amends the Dodd-Frank Street Reform and Consumer Protection Act to direct the Secretary of the Treasury, in order to offset the costs of assistance under the Emergency Mortgage Relief and Neighborhood Stabilization Programs, to make risk-based assessments in the total amount of $2.5 billion on financial companies: (1) that manage hedge funds with $10 billion or more in assets under management on a consolidated basis; or (2) with $50 billion or more in total consolidated assets.

Emergency Mortgage Relief and Neighborhood Stabilization Programs Cost Recoupment Act of 2011

Rep. Barney Frank [D-MA]

Rep. Elijah Cummings [D-MD]

Date	Chamber	Action
2011-03-17	House	Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/1151/all-info
Text	https://www.congress.gov/112/bills/hr1151/BILLS-112hr1151ih.pdf