H.R. 4171 · 111th Congress
TARP Sunset and Fiscal Responsibility Act of 2009
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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.
D
TeagueSponsor7 cosponsors · 7 D
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
TARP Sunset and Fiscal Responsibility Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to terminate, on December 31, 2009 (as under current law), the authority of the Secretary of the Treasury to implement the Troubled Asset Relief Program (TARP).
What it does: CRS summary · Introduced in House · Dec 2, 2009
TARP Sunset and Fiscal Responsibility Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to terminate, on December 31, 2009 (as under current law), the authority of the Secretary of the Treasury to implement the Troubled Asset Relief Program (TARP).
Repeals the Secretary's authority to extend the TARP program through October 3, 2010, upon submission of a written certification to Congress.
Requires all funds repaid, and profits paid, to the Secretary by TARP recipients to be used to pay down the national debt.
Reduces the statutory limit on the public debt to $700 billion minus the amount of troubled assets purchased by the Secretary under TARP outstanding on December 31, 2009.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: TARP Sunset and Fiscal Responsibility Act of 2009
Latest action (Dec 2, 2009): Referred to House Ways and Means
Policy area: Economics and Public Finance · Origin: House · Introduced: Dec 2, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.