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Discussion in 'Politics' started by ReformedBaptist, Oct 1, 2008.
I got a copy of the Senate bill they will be voting on tonight. Hoorah!
well...are you gonna share it???
It's 451 pages long!
Table of Contents
Sec. 1. Short title and table of contents.
Sec. 2. Purposes.
Sec. 3. Definitions.
TITLE I—TROUBLED ASSETS RELIEF PROGRAM
Sec. 101. Purchases of troubled assets.
Sec. 102. Insurance of troubled assets.
Sec. 103. Considerations.
Sec. 104. Financial Stability Oversight Board.
Sec. 105. Reports.
Sec. 106. Rights; management; sale of troubled assets; revenues and sale proceeds.
Sec. 107. Contracting procedures.
Sec. 108. Conflicts of interest.
Sec. 109. Foreclosure mitigation efforts.
Sec. 110. Assistance to homeowners.
Sec. 111. Executive compensation and corporate governance.
Sec. 112. Coordination with foreign authorities and central banks.
Sec. 113. Minimization of long-term costs and maximization of benefits for taxpayers.
Sec. 114. Market transparency.
Sec. 115. Graduated authorization to purchase.
Sec. 116. Oversight and audits.
Sec. 117. Study and report on margin authority.
Sec. 118. Funding.
Sec. 119. Judicial review and related matters.
Sec. 120. Termination of authority.
Sec. 121. Special Inspector General for the Troubled Asset Relief Program.
Sec. 122. Increase in statutory limit on the public debt.
Sec. 123. Credit reform.
Sec. 124. HOPE for Homeowners amendments.
Sec. 125. Congressional Oversight Panel.
Sec. 126. FDIC authority.
Sec. 127. Cooperation with the FBI.
Sec. 128. Acceleration of effective date.
Sec. 129. Disclosures on exercise of loan authority.
Sec. 130. Technical corrections.
Sec. 131. Exchange Stabilization Fund reimbursement.
Sec. 132. Authority to suspend mark-to-market accounting.
Section 132 is great
(a) AUTHORITY.—The Securities and Exchange Com-
21mission shall have the authority under the securities laws
22 (as such term is defined in section 3(a)(47) of the Securi23
ties Exchange Act of 1934 (15 U.S.C. 78c(a)(47)) to sus24
pend, by rule, regulation, or order, the application of
25 Statement Number 157 of the Financial Accounting
891 Standards Board for any issuer (as such term is defined
2 in section 3(a)(8) of such Act) or with respect to any class
3 or category of transaction if the Commission determines
4 that is necessary or appropriate in the public interest and
5 is consistent with the protection of investors.