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  • 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
      House Committee on Education and the Workforce
      Higher Education and Workforce Training
      Workforce Protections
      House Committee on Ways and Means
    IntroducedDecember 16th, 2009

Bill Details

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Title

Federal Bailout for American Individuals and Families in Distress Today and Tomorrow Act of 2009

Official Title

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.

Summary

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.

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