Like Countable?

Install the App
TRY NOW

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Financial Services
    IntroducedDecember 16th, 2009

Bill Details

Official information provided by the Congressional Research Service. Learn more or make a suggestion.
The Congressional Research Service writes summaries for most legislation. These summaries are listed here. Countable will update some legislation with a revised summary, title or other key elements.

Suggest an update to this bill using our form.

Title

Taxpayers' Assets Recoupment Act of 2009

Official Title

To amend the Emergency Economic Stabilization Act of 2008 to terminate the Secretary of the Treasury's authority under the Troubled Asset Relief Program, and for other purposes.

Summary

Taxpayers' Assets Recoupment Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to: (1) terminate the authority of the Secretary of the Treasury with respect to the Troubled Asset Relief Program (TARP) upon enactment of this Act; (2) require that TARP repayments and profits be deposited into a certain account in the Treasury to pay down the national debt; and (3) require each financial institution receiving TARP funds to report biannually on how it is using them.

    There are currently no opinions on this bill, be the first to add one!