H.R. 4342 · 111th Congress
Taxpayers' Assets Recoupment Act of 2009
- Stage
- In committee
- Sponsor
- Thad McCotter
- Introduced
- 2009-12-16
- Latest action
- 2009-12-16 · Introduced in House
Summary
Taxpayers' Assets Recoupment Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to: (1) terminate the authority of the Secretary of the Treasury with respect to the Troubled Asset Relief Program (TARP) upon enactment of this Act; (2) require that TARP repayments and profits be deposited into a certain account in the Treasury to pay down the national debt; and (3) require each financial institution receiving TARP funds to report biannually on how it is using them.