- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on Education and LaborHigher Education and Workforce InvestmentCommittee on Financial ServicesWorkforce ProtectionsCommittee on Ways and MeansIntroducedDecember 16th, 2009
- house Committees
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Federal Bailout for American Individuals and Families in Distress Today and Tomorrow Act of 2009
To use amounts repaid to the Treasury under the Troubled Assets Relief Program for relief to displaced and low-wage workers, and for other purposes.
Federal Bailout for American Individuals and Families in Distress Today and Tomorrow Act of 2009 - Directs the Secretary of the Treasury to make funds repaid to the Treasury by financial institutions under the Troubled Asset Relief Program (TARP) available in the following amounts: (1) $8 billion to the Secretary of Labor for certain activities under the Workforce Investment Act of 1998, including $2 billion for grants to states for adult employment and training activities, $2 billion for Migrant and Seasonal Farmworker Programs, and $4 billion for benefits and services under the Trade Adjustment Assistance for Workers program; and (2) $2 billion to the Secretary of Health and Human Services (HHS) for deposit into the Emergency Contingency Fund for State Temporary Assistance for Needy Families (TANF) Programs.