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• Introduced by Rep. Andy Coulouris (D) on November 19, 2008, to create an exception to the law that prohibits local governments from refunding “interest rate swap” securities.
  • Referred to the House Banking and Financial Services Committee on November 19, 2008.
    • Reported in the House on December 2, 2008, without amendment and with the recommendation that the bill pass.
• Passed 90 to 18 in the House on December 2, 2008.
  Who Voted "Yes" and Who Voted "No"
• Received in the Senate on December 3, 2008.
  • Referred to the Senate Finance Committee on December 3, 2008.