3.0.0 18 2017-12-14T22:15:15Z 2017-12-14T22:15:15Z Senate S S 2008-11-20 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2008-11-20T20:29:21Z 2008-11-20 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S10744-10745) IntroReferral 2008-11-20 Sponsor introductory remarks on measure. (CR S10744) IntroReferral B00100 9 Library of Congress 2008-11-20 Introduced in Senate IntroReferral 10000 9 Library of Congress S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. N Finance and Financial Sector Auditing Bank failures Congress Congressional reporting requirements Economic stabilization Economics and Public Finance Financial crises Government Operations and Politics Governmental investigations Inspectors general Finance and Financial Sector 00 2008-11-20 Introduced in Senate 2008-12-17T22:32:58Z Troubled Asset Relief Program Inspector General Improvement Act - Amends the Emergency Economic Stabilization Act of 2008 with respect to the Special Inspector General (SIG) for the Troubled Asset Relief Program (TARP).

Makes the first $50 million available to the SIG within three days after his or her nomination is first confirmed by the Senate.

Directs the Secretary of the Treasury to: (1) take action to address deficiencies identified by the SIG or another auditor engaged by the TARP; or (2) certify to appropriate congressional committees that no action is necessary or appropriate.

Revises the duties of the SIG to conduct, supervise, and coordinate audits and investigations to: (1) eliminate the limitation of the object of investigations to the purchase, management, and sale of troubled assets by the Secretary and the Secretary's management of the program to guarantee such assets; and (2) extend the objects of investigation to any activities of the Secretary in the expenditure or obligation of funds under such Act.

Requires the SIG to report to specified congressional committees by July 1, 2009, on the use of any funds received by an financial institution under TARP.

Authorizes the SIG to exercise specified federal civil service employment authorities. Prohibits the SIG from making any appointment after one year following the date of the first confirmation of his or her nomination as SIG.

]]> Troubled Asset Relief Program Inspector General Improvement Act Short Titles as Introduced Troubled Asset Relief Program Inspector General Improvement Act Display Title Troubled Asset Relief Program Inspector General Improvement Act Official Title as Introduced A bill to improve the authority of the Special Inspector General charged with overseeing the Troubled Asset Relief Program, and for other purposes. Introduced in Senate 2008-11-20T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s18is/xml/BILLS-110s18is.xml 2008-11-20 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S10744-10745) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.