H.J.Res. 3: Relating to the disapproval of obligations under the Emergency Economic Stabilization Act of 2008.

111th Congress · introduced 2009-01-06 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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Follow this bill, step by step

Where it came from: introduced 2009-01-06 · official record
Who proposed it: Rep. Foxx, Virginia [R-NC-5] · what a sponsor is
What happened next: 1 recorded vote in our records. Latest: House roll call 27 (2009): On Passage, HJRES3 (2009-01-22), Passed. See all
Where it stands now: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Relating to the disapproval of obligations under the Emergency Economic Stabilization Act of 2008.

Plain summary

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Disapproves the obligation of any amount to purchase troubled assets under the Emergency Economic Stabilization Act of 2008 exceeding those already obligated (namely, $250 billion, or upon presidential certification, $350 billion).

Congressional Research Service summary (Passed House without amendment), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Relating to the disapproval of obligations under the Emergency Economic Stabilization Act of 2008.

Source: Congressional Research Service summary (Passed House without amendment)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Foxx, Virginia [R-NC-5] · 37 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Michael T. McCaul (R-TX), Marsha Blackburn (R-TN), Marcy Kaptur (D-OH), Cynthia M. Lummis (R-WY), John R. Carter (R-TX), Tom McClintock (R-CA), Robert B. Aderholt (R-AL), Pete Sessions (R-TX)

Sponsor's campaign money: Rep. Foxx, Virginia [R-NC-5] reported raising $2.2 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Recorded votes

House roll call 27 (2009): On Passage, HJRES3 (2009-01-22): Passed

Words on this page, explained (1)

Obligation: A binding promise by a government agency to pay money, for example by signing a contract or awarding a grant. Spending data such as USAspending.gov counts money when it is obligated, which can be before it is actually paid out.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Passed House without amendment)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-111hjres3.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/111/hjres>

Record fed-us-cong111-hjres3 · catalog fed-us-congress-bills-cong111 · updated 2026-11-15 by psicol fed-bills-cong111