H.R. 4357 · 111th Congress
Federal Bailout for American Individuals and Families in Distress Today and Tomorrow Act of 2009
- Stage
- In committee
- Sponsor
- Joe Baca
- Introduced
- 2009-12-16
- Latest action
- 2010-02-23 · Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
Summary
Federal Bailout for American Individuals and Families in Distress Today and Tomorrow Act of 2009 - Directs the Secretary of the Treasury to make funds repaid to the Treasury by financial institutions under the Troubled Asset Relief Program (TARP) available in the following amounts: (1) $8 billion to the Secretary of Labor for certain activities under the Workforce Investment Act of 1998, including $2 billion for grants to states for adult employment and training activities, $2 billion for Migrant and Seasonal Farmworker Programs, and $4 billion for benefits and services under the Trade Adjustment Assistance for Workers program; and (2) $2 billion to the Secretary of Health and Human Services (HHS) for deposit into the Emergency Contingency Fund for State Temporary Assistance for Needy Families (TANF) Programs.