Expressing the sense of the Congress that the bankruptcy proceedings of Lehman Brothers Holding Inc. and Lehman Brothers Europe Inc. be resolved in an equitable and expeditious process between the United States and United Kingdom, and that the interests of American investors be given due consideration and be treated with urgency throughout.
Referred to the Subcommittee on Commercial and Administrative Law.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Sep 14, 2009
Expresses the sense of Congress that: (1) Lehman Brothers Holding Inc. and Lehman Brothers Europe Inc. bankruptcy administrators in the United States and United Kingdom should establish an international framework for coordinating bankruptcy proceedings among the business holdings and operations in each country; (2) the Securities and Exchange Commission (SEC) should dedicate sufficient resources to ensure an expedited resolution serving the interest of American investors in an equitable manner; and (3) there should be increased cooperation among the various Lehman Brothers entities as well as the respective U.S. and United Kingdom regulatory agencies to insure the swift return of customer assets held in Lehman Brothers Europe Inc.'s prime brokerage unit.
Referred to the Subcommittee on Commercial and Administrative Law.
Referred to House Judiciary
Referred to House Foreign Affairs
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Financial Services
Introduced in House
Introduced in House
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