A bill to require prior Congressional approval of emergency funding resulting in Government ownership of private entities.
Free Enterprise Act of 2009 - Requires congressional approval before any Troubled Asset Relief Program (TARP) funds are provided or obligated to any entity, on and after May 29, 2009, whose receipt of such funds would result in federal government acquisition of its common or preferred stock.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S6454)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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