S Amdt 4051 - Prohibiting Funding of State and Local Governments to Prevent Defaulting on Debt - National Key Vote
Jeff Sessions III voted Yea (Amendment Vote) on this Amendment.
Read statements Jeff Sessions III made in this general time period.
Timeline
- Senate Amendment Rejected
- May 18, 2010
- Introduced
- May 18, 2010
Related Legislation
- S Amdt 3826 - Consumer Financial Protection Division Within The FDIC
- S Amdt 3839 - Termination of Fannie Mae and Freddie Mac Conservatorships
- S Amdt 3938 - Study on Ending the Conservatorships of Fannie Mae and Freddie Mac
- S Amdt 3760 - Federal Reserve Audit
- S Amdt 3816 - Derivatives Regulation Modifications
- S Amdt 3962 - Home Loan Regulation Modifications
- S Amdt 3955 - Establishing New Mortgage Underwriting Requirements and Eliminating a Risk Retention Requirement
- S Amdt 3991 - Credit Rating Agency Board
- S Amdt 3832 - Establishing Bankruptcy Process for Non-bank Financial Institutions
- S Amdt 3989 - Debit Card Fee Regulations
- S Amdt 3987 - Bureau of Consumer Financial Protection Termination
- S Amdt 4034 - Federal Preemption Over State Consumer Financial Laws
- S Amdt 4071 - Amending State Authority to Enforce Consumer Financial Regulations
- S Amdt 4114 - Credit Default Swap Regulations
- S Amdt 4072 - Inspector General Appointment Modification
- S Amdt 3746 - Allowing States to Limit Credit Card Interest Rates
Related Issues
Stage Details
Title: Prohibiting Funding of State and Local Governments to Prevent Defaulting on Debt
Vote Smart's Synopsis:
Vote to adopt an amendment to S Amdt 3739 to S 3217 that prohibits federal funds from being used to purchase or guarantee obligations, extend lines of credit, or provide direct or indirect grants-and-aid to any state, municipal, local, or county government that has defaulted on its obligations or is at risk of doing so without such assistance from the federal government.
Highlights:
- Prohibits the Secretary of the Treasury from directly or indirectly using general fund revenues or funds borrowed pursuant to Title 31 of U.S. Code to purchase or guarantee any asset or obligation of (or to provide any other assistance to) any state, municipal, local, or county government that has defaulted on its obligations or is at risk of doing so without such assistance from the federal government (Sec. 5).
- Prohibits the Board of Governors of the Federal Reserve System from directly or indirectly lending against, purchasing, or guaranteeing any asset or obligation of, or providing any other assistance to any state, municipal, local, or county government that has defaulted on its obligations or is at risk of doing so without such assistance from the federal government (Sec. 5).
Title: Prohibiting Funding of State and Local Governments to Prevent Defaulting on Debt