HR 4342 · 111th Congress · Finance and Financial Sector

Taxpayers' Assets Recoupment Act of 2009

Introduced 2009-12-16· Sponsored by Rep. McCotter, Thaddeus G. [R-MI-11]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2009-12-16)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Rep. Bachus, Spencer [R-AL-6]AL