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Amendment Number
5
Description
Page 19, after line 20, insert the following: ***.
Purpose
An amendment numbered 4 printed in House Report 111-3 to amend the EESA to require that, provided TARP funds are not used for their purchase, the Secretary shall facilitate an auction of troubled assets by third party purchases and, if such auction does not take place within 3 months from enactment, the Secretary must report to Congress on the mechanism the Secretary deems best to use to value and liquidate such assets.
Congress
111
Type
HAMDT
Latest Action Date
Jan 15, 2009
Latest Action Text
By unanimous consent, the Holt amendment was withdrawn. (consideration: CR H360)
Latest Action Time
12:43:45
Submitted Date
Jan 15, 2009
Chamber
House of Representatives
Update Date
Dec 5, 2020
Amendment 5 — Informed