IV 
111TH CONGRESS 
1ST SESSION 
H. CON. RES. 184 
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. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 14, 2009 
Mr. MEEKS of New York submitted the following concurrent resolution; which 
was 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 con-
cerned 
CONCURRENT RESOLUTION 
Expressing the sense of the Congress that the bankruptcy 
proceedings of Lehman Brothers Holding Inc. and Leh-
man 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. 
Whereas Lehman Brothers Holding Inc. filed for Chapter 11 
bankruptcy protection on September 15, 2008; 
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•HCON 184 IH 
Whereas 
Lehman 
Brothers 
Holding 
Inc. 
had 
over 
$700,000,000,000 in derivatives contracts at the time of 
its bankruptcy filing; 
Whereas the bankruptcy filing in the Southern District of 
New York shows that Lehman Brothers Holding Inc. has 
more than 100,000 creditors and $150,000,000,000 in 
bond debt; 
Whereas Lehman Brothers Holding Inc. was an international 
firm with assets in both the United States and the 
United Kingdom, as well as the rest of the world; 
Whereas customer assets in excess of $50,000,000,000 are 
still being held in Lehman Brothers Europe Inc.’s prime 
brokerage unit; 
Whereas these customer assets which represent the assets of 
public and private pension funds, endowments and other 
large United States institutions whose beneficiaries are 
United States citizens continue to be at risk as we ap-
proach the one year anniversary of the bankruptcy filing; 
Whereas bankruptcy laws are not uniform in the United 
States and the United Kingdom regarding Lehman 
Brothers Holding Inc. and Lehman Brothers Europe Inc. 
international assets, liabilities, and equity; 
Whereas historically, international bankruptcy protocols have 
been used in the United States and United Kingdom to 
resolve international bankruptcies in an equitable and ex-
peditious manner; 
Whereas a lack of international coordination among the 
United States and the United Kingdom regarding the 
Lehman Brothers Holding Inc. and Lehman Brothers 
Europe Inc. bankruptcies may result in American credi-
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•HCON 184 IH 
tors receiving less than an optimal amount of assets they 
would with an international bankruptcy protocol; 
Whereas a lack of international coordination among the 
United States and United Kingdom regarding the Leh-
man Brothers Holding Inc. and Lehman Brothers Eu-
rope Inc. bankruptcy will result in creditors in the com-
pany receiving the amount they are owed in more time 
than they optimally would with an international bank-
ruptcy protocol; 
Whereas no international framework has yet been established 
for international bankruptcy cooperation among the 
United States and the United Kingdom regarding the 
bankruptcy filing of Lehman Brothers Holding Inc. and 
Lehman Brothers Europe Inc.; 
Whereas the lack of cooperation and coordination between 
Lehman Brothers Holdings Inc. and Lehman Brothers 
Europe Inc. and their respective administrators has sig-
nificantly delayed the return of customer assets; and 
Whereas the personal liability imposed by United Kingdom 
law on the Lehman Brothers Europe Inc. administrators 
has acted as an impediment to the swift return of cus-
tomer assets and therefore the appropriate regulatory au-
thorities in the United Kingdom should consider pro-
viding relief to the Lehman Brothers Europe Inc. admin-
istrators with respect to their personal liability: Now, 
therefore, be it 
Resolved by the House of Representatives (the Senate 
concurring), That it is the sense of Congress that— 
(1) Lehman Brothers Holding Inc. and Lehman 
Brothers Europe Inc. bankruptcy administrators in 
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•HCON 184 IH 
the United States and United Kingdom should es-
tablish an international framework for coordinating 
bankruptcy proceedings among the business holdings 
and operations in each country; 
(2) the Securities and Exchange Commission 
should dedicate sufficient resources to the matter so 
as to ensure an expedited resolution serving the in-
terest 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 United States and United Kingdom 
regulatory agencies to insure the swift return of cus-
tomer assets held in Lehman Brothers Europe Inc.’s 
prime brokerage unit. 
Æ 
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