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S Amdt 3301 - Ending the Troubled Asset Relief Program - National Key Vote

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Title: Ending the Troubled Asset Relief Program

Vote Smart's Synopsis:

Vote to adopt an amendment to a substitute amendment to HJR 45 that would repeal the Troubled Asset Relief Program (TARP) on the date of enactment of the resolution.

Highlights:

  • Specifies that the national debt limit shall be lowered to correspond with TARP repayments.

NOTE: THIS LEGISLATION NEEDED A THREE-FIFTHS MAJORITY VOTE TO PASS.

NOTE: THIS IS AN AMENDMENT TO A SUBSTITUTE AMENDMENT. A SUBSTITUTE AMENDMENT REPLACES THE ENTIRE TEXT OF A PIECE OF LEGISLATION WITH A NEW TEXT.

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