123STA T .5 21 PUBLIC LA W 111 – 5 —FE B.1 7, 2 0 0 9LEGIS L AT I V E H IST ORY— H . R. 1( S. 3 3 6) (S. 3 50 )
SE N ATE RE P ORTS: N o . 111 – 3( C o m m.o n A p p r opr iat ion s )a c compan y in g S. 336. CONGRESSIONAL RECOR D, Vo l . 155( 2 00 9 ): J an. 2 7 ,2 8 , consi de red and passed Ho u se. F e b . 2–7, 9, 10, considered and passed Senate, amended. Feb. 13, House and Senate agreed to con f erence report. DAILY CO M PILATION OF PRESIDENTIAL DOC U MENTS (2009): Feb. 17, Presidential remar k s and statement. SEC.70 0 2 . AP P LI CA B ILI TYW IT HR ESPECT T O LOA NM O D I F ICATIONS. Section109(a) o f t h e Em e rg enc y Economic Sta b i l i z ation A ct of 2 00 8 (12 U. S. C . 5 219(a)) i s amen d ed — (1) by stri k ing ‘ ‘ T othee x tent ’ ’ and inserting the follo w ing
‘‘(1) INGE NE RAL .—To the extent’’
and (2) by adding at the end the following: ‘‘(2) W A IV ER OFC ER T AIN P ROVI S IONS IN CONNECTION W IT H LOAN M O D IFICATIONS.—The Secretary shall not be re qu ired to a p ply executi v e compensation restrictions under section 111 , or to receive warrants or debt instruments under section 11 3 , solely in connection with any loan modification under this sec - tion.’’. Approved F ebruary 1 7 , 2009.
