H.R. 4342 · 111th Congress

Taxpayers' Assets Recoupment Act of 2009

Stage
In committee
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.