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TITLE I - Troubled Assets Relief Program

Sec. 117. STUDY AND REPORT ON MARGIN AUTHORITY. (1 Comment) subscribe to the comments feed

  1. STUDY.The Comptroller General shall undertake a study to determine the extent to which leverage and sudden deleveraging of financial institutions was a factor behind the current financial crisis.

  2. CONTENT.The study required by this section shall include

    1. an analysis of the roles and responsibilities of the Board, the Securities and Exchange Commission, the Secretary, and other Federal banking agencies with respect to monitoring leverage and acting to curtail excessive leveraging;

    2. an analysis of the authority of the Board to regulate leverage, including by setting margin requirements, and what process the Board used to decide whether or not to use its authority;

    3. an analysis of any usage of the margin authority by the Board; and

    4. recommendations for the Board and appropriate committees of Congress with respect to the existing authority of the Board.

  3. REPORT.Not later than June 1, 2009, the Comptroller General shall complete and submit a report on the study required by this section to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives.

  4. SHARING OF INFORMATION.Any reports required under this section shall also be submitted to the Congressional Oversight Panel established under section 125.

1 comment on Sec. 117. STUDY AND REPORT ON MARGIN AUTHORITY.

  • PLEASE POST IN THE INTERNET THE TEXT OF ANY BILL IN THREE OR MORE FORMATS, LIKE TXT, WORD, PDF, WORDPERFECT, ETC., FOR AT LEAST THREE DAYS, PLUS AN ADDITIONAL DAY PER EVERY HUNDRED-PAGES ON THE BILL, BEFORE A VOTE IS TAKEN EITHER ON THE SENATE OR THE HOUSE. AMERICA WILL THANK YOU.

    ALFONSO

    posted by ALFONSO at October 2, 2008
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