3.0.0 3698 2017-12-15T00:45:38Z 2017-12-15T00:45:38Z Senate S S 2008-11-19 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2008-11-19T19:02:06Z 2008-11-19 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2008-11-19 Sponsor introductory remarks on measure. (CR S10660-10661) IntroReferral B00100 9 Library of Congress 2008-11-19 Introduced in Senate IntroReferral 10000 9 Library of Congress F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA N S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2008-11-19 True K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2008-11-20 False C001057 Sen. Coleman, Norm [R-MN] Norm Coleman R MN 2008-11-20 False M001153 Sen. Murkowski, Lisa [R-AK] Lisa Murkowski R AK 2008-12-08 False M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA 2008-12-08 False L000304 Sen. Lieberman, Joseph I. [ID-CT] JOSEPH LIEBERMAN ID CT I. 2008-12-09 False Finance and Financial Sector Bank failures Business ethics Business records Business travel Campaign funds Commerce Conferences Corporate finance Corporate governance Economic stabilization Economics and Public Finance Financial crises Government Operations and Politics Government paperwork Lobbying Private aviation Relocation Transportation and Public Works Travel costs Finance and Financial Sector 00 2008-11-19 Introduced in Senate 2009-01-22T20:10:01Z Accountability for Economic Rescue Assistance Act of 2008 - Prohibits recipients of emergency economic assistance under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 or under the Federal Reserve Act, or any subsidiary, from using such funds for lobbying expenditures or political contributions.

Requires the Secretary of the Treasury to develop and publish corporate governance principles and ethical guidelines for recipients of such funds, including restrictions governing: (1) the hosting, sponsorship, or payments for conferences and events; (2) the use of corporate aircraft, travel accommodations, and travel expenditures; (3) expenses relating to office or facility renovations or relocations; and (4) expenses relating to entertainment, holiday parties, employee recognition events, or similar ancillary corporate expenses.

Requires recipients of such funds to file quarterly reports and certifications with the Secretary, which shall be made publicly available online, and at no cost.

Subjects violators of this Act to specified civil penalties.

Makes any person who violates this Act ineligible to receive any future emergency economic assistance unless the Secretary determines that reasonable steps have been taken to bring actions into compliance with and to prevent future violations of this Act.

]]> Accountability for Economic Rescue Assistance Act of 2008 Short Titles as Introduced Accountability for Economic Rescue Assistance Act of 2008 Display Title Accountability for Economic Rescue Assistance Act of 2008 Official Title as Introduced A bill to prohibit any recipient of emergency Federal economic assistance from using such funds for lobbying expenditures or political contributions, to improve transparency, enhance accountability, encourage responsible corporate governance, and for other purposes. Introduced in Senate 2008-11-19T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3698is/xml/BILLS-110s3698is.xml 2008-11-19 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.