- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on Financial ServicesIntroducedMarch 26th, 2009
- house Committees
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Responsible Use of Taxpayer Help Act
To amend the Emergency Economic Stabilization Act of 2008 to restrict the use of TARP funds for domestic purposes.
Responsible Use of Taxpayer Help Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to prohibit a financial institution from using any assistance under the Troubled Asset Relief Program (TARP) to: (1) purchase or invest in any foreign asset or business; (2) transfer money to, or invest in, a foreign subsidiary of the financial institution; (3) pay any type of compensation to an employee of the financial institution unless such employee is a U.S. citizen or lawful permanent resident; or (4) make any other purchase, payment, transfer, or investment, the primary effect of which is to benefit a foreign entity.