Congressional Commission on Financial Accountability and Preparedness Act of 2009

Referred to the House Committee on Financial Services.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Apr 27, 2009

Congressional Commission on Financial Accountability and Preparedness Act of 2009 - Establishes the Congressional Commission on Financial Accountability and Preparedness to review and report to Congress on the actions leading up to the 2008 breakdown in the financial markets and failures in the regulatory system.

Requires the Commission to submit special reports on: (1) any corporate abuse of taxpayer funds the Commission finds occurred; (2) the current state of the regulatory system and its effectiveness in overseeing the participants in the financial system and protecting consumers; and (3) any fiduciary negligence, fraudulent behavior, poor corporate governance, obstructionism, or media manipulation that the Commission determines was engaged in by relevant corporate officers and elected or appointed government officials.

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People & committees

Who introduced it

Rep. Burgess, Michael C. [R-TX-26] · R–TX

Committees

Financial Services Committee

4 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Apr 27, 2009
Referred to the House Committee on Financial Services.
Apr 27, 2009
Introduced in House
Apr 27, 2009
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Apr 27, 2009 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

HR 768 · Commission on Financial Crisis Accountability Act of 2009

Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze H.R.2111 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.2111, 111th Congress: Congressional Commission on Financial Accountability and Preparedness Act of 2009

Official record: https://www.congress.gov/bill/111th-congress/house-bill/2111

Text version to examine: Introduced in House · 2009-04-27.

Official full text: https://www.congress.gov/111/bills/hr2111/BILLS-111hr2111ih.htm

Imported record last updated by the source: 2025-08-14T16:15:47Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.2111 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.2111 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss H.R.2111, 111th Congress: Congressional Commission on Financial Accountability and Preparedness Act of 2009

Official record: https://www.congress.gov/bill/111th-congress/house-bill/2111

Text version to examine: Introduced in House · 2009-04-27.

Official full text: https://www.congress.gov/111/bills/hr2111/BILLS-111hr2111ih.htm

Imported record last updated by the source: 2025-08-14T16:15:47Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.2111 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.2111 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.2111, 111th Congress: Congressional Commission on Financial Accountability and Preparedness Act of 2009

Official record: https://www.congress.gov/bill/111th-congress/house-bill/2111

Text version to examine: Introduced in House · 2009-04-27.

Official full text: https://www.congress.gov/111/bills/hr2111/BILLS-111hr2111ih.htm

Imported record last updated by the source: 2025-08-14T16:15:47Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.2111 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.2111 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.2111, 111th Congress: Congressional Commission on Financial Accountability and Preparedness Act of 2009

Official record: https://www.congress.gov/bill/111th-congress/house-bill/2111

Text version to examine: Introduced in House · 2009-04-27.

Official full text: https://www.congress.gov/111/bills/hr2111/BILLS-111hr2111ih.htm

Imported record last updated by the source: 2025-08-14T16:15:47Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.2111 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.