H.R. 2009 · 111th Congress
To amend the Emergency Economic Stabilization Act of 2008 to permit immediate repayment of direct capital investments received under the Troubled Asset Relief Program.
- Stage
- In committee
- Sponsor
- Tom McClintock
- Introduced
- 2009-04-21
- Latest action
- 2009-04-21 · Introduced in House
Summary
Amends the Emergency Economic Stabilization Act of 2008 (EESA) to grant any financial institution that has received or receives a direct capital investment under the Troubled Asset Relief Program (TARP) the right to repay it immediately. Requires the Secretary of the Treasury to accept such a payment unconditionally.