H.R. 1761 · 111th Congress
Responsible Use of Taxpayer Help Act
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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KildeeSponsor23 cosponsors · 23 D
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Brady
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Dingell
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Holden
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Hare
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Kaptur
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Jo Kilroy
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Michaud
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Ryan
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Stupak
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Shea-Porter
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Sutton
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Visclosky
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Carney
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Kilpatrick
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Fudge
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Hinchey
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Lipinski
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Space
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Woolsey
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Schauer
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Kucinich
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Carnahan
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Grijalva12 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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;…
What it does: CRS summary · Introduced in House · Mar 26, 2009
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Responsible Use of Taxpayer Help Act
Latest action (Mar 26, 2009): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 26, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.