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Financial Crisis Responsibility Fee

Proposal 

Fact Sheet: Financial Crisis Responsibility Fee

Press Release: President Obama Proposes Financial Crisis Responsibility Fee to Recoup Every Last Penny for American Taxpayers (January 14, 2010)

Response

Congress

Senate Finance Committee Hearing: The President's Proposed Fee on Financial Institutions Regarding TARP: Part 3 (May 11, 2010)

Senate Finance Committee Hearing: The President's Proposed Fee on Financial Institutions Regarding TARP: Part 2 (May 4, 2010)

Senate Finance Committee Hearing: The President's Proposed Fee on Financial Institutions Regarding TARP: Part 1 (April 20, 2010)

Press Release: Grassley Seeks CBO, JCT Analysis of President's Proposed Bank Fee (January 15, 2010)

Memo: Baucus comment regarding President's Financial Crisis Responsibility Fee proposal (January 14, 2010)

Frank Statement on the Financial Crisis Responsibility Fee (January 14, 2010):

"President Obama's action today complies fully with the taxpayer protection language of the original TARP bill. His decision to do this before 2013 is a good one because there is no need to wait. In fact, the TARP program has been both more successful and less expensive than many critics feared and that allows us to move quickly now to repay the American taxpayer. I strongly support this proposal, and I am confident that the Committee on Ways and Means will be acting on it soon."

Other

JCX-26-10: Background And Issues Related To The Administration's Proposed Tax On Financial Institutions (April 19, 2010)

CBO Letter to the Sen. Charles E. Grassley on the President's Proposal for a Financial Crisis Responsibility Fee (March 4, 2010)

 

 

 

 

 

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