3.0.0 3731 2019-11-15T20:56:31Z 2019-11-15T20:56:31Z Senate S S 2008-12-10 110 hsba00 Financial Services Committee House Standing Referred to 2008-12-11T02:03:50Z Special Inspector General for the Troubled Asset Relief Program Act of 2008 110 7333 HR 2008-12-10 Referred to the House Committee on Financial Services. Related bill CRS Special Inspector General for the Troubled Asset Relief Program Act of 2008 110 3716 S 2008-11-20 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2008-12-10 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-12-10 21:02:01 Received in the House. Floor H14000 2 House floor actions 2008-12-10 Senate Message on Senate action sent to the House. Floor 2008-12-10 Senate Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S10884-10885; text as passed Senate: CR S10884-10885) Floor 2008-12-10 Passed/agreed to in Senate: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent.(consideration: CR S10884-10885; text as passed Senate: CR S10884-10885) Floor 17000 9 Library of Congress 2008-12-10 Introduced in Senate IntroReferral 10000 9 Library of Congress M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO N G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. 2008-12-10 True C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2008-12-10 True L000304 Sen. Lieberman, Joseph I. [ID-CT] JOSEPH LIEBERMAN ID CT I. 2008-12-10 True S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2008-12-10 True D000388 Sen. Dodd, Christopher J. [D-CT] CHRISTOPHER DODD D CT JOHN 2008-12-10 True B001066 Sen. Bunning, Jim [R-KY] JIM BUNNING R KY 2008-12-10 True C001057 Sen. Coleman, Norm [R-MN] Norm Coleman R MN 2008-12-10 True S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2008-12-10 True L000261 Sen. Levin, Carl [D-MI] CARL LEVIN D MI MILTON 2008-12-10 True C000174 Sen. Carper, Thomas R. [D-DE] Thomas Carper D DE R. 2008-12-10 True C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2008-12-10 True Finance and Financial Sector Advice and consent of the Senate Auditing Bank failures Congress Congressional oversight Congressional reporting requirements Economic stabilization Economics and Public Finance Federal employees Financial crises Financial services Government Operations and Politics Government publicity Governmental investigations Inspectors general Presidential appointments Finance and Financial Sector 00 2008-12-10 Introduced in Senate 2009-01-05T22:31:37Z Special Inspector General for the Troubled Asset Relief Program Act of 2008 - Amends the Emergency Economic Stabilization Act of 2008 to grant the Special Inspector General (SIG) authority to conduct, supervise, and coordinate an audit or investigation of any action taken with regard to the Troubled Asset Relief Program (TARP) that the SIG deems appropriate.

Prohibits any audit or investigation, however, of any action related to: (1) graduated authorization to purchase troubled assets; (2) oversight and audits by the Comptroller General; (3) the Comptroller General's study and report on margin authority; and (4) the Congressional Oversight Panel.

Authorizes the SIG to exercise specified employment authorities for additional personnel, but not after six months following enactment of this Act.

Prohibits any period of appointment from exceeding the date on which the Office of the SIG terminates.

Requires the Secretary of the Treasury to: (1) either take action to address deficiencies identified by a report or investigation of the SIG or other auditor engaged by the TARP; or (2) certify to congressional committees that no action is necessary or appropriate.

Instructs the SIG to work with Inspectors General of designated federal agencies to: (1) avoid duplication of effort; and (2) ensure comprehensive oversight of TARP.

Requires the SIG to: (1) report to Congress by July 1, 2009, on the use of any funds received by a financial institution under TARP; and (2) make such report available to the public, including on the home page of the SIG's website within 24 hours after its submission to Congress.

Requires funds for the office of the SIG to be made available not later than seven days after the SIG's nomination is first confirmed by the Senate.

]]> 82 2008-12-10 Passed Senate without amendment 2009-01-05T22:32:15Z (This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Special Inspector General for the Troubled Asset Relief Program Act of 2008 - Amends the Emergency Economic Stabilization Act of 2008 to grant the Special Inspector General (SIG) authority to conduct, supervise, and coordinate an audit or investigation of any action taken with regard to the Troubled Asset Relief Program (TARP) that the SIG deems appropriate.

Prohibits any audit or investigation, however, of any action related to: (1) graduated authorization to purchase troubled assets; (2) oversight and audits by the Comptroller General; (3) the Comptroller General's study and report on margin authority; and (4) the Congressional Oversight Panel.

Authorizes the SIG to exercise specified employment authorities for additional personnel, but not after six months following enactment of this Act.

Prohibits any period of appointment from exceeding the date on which the Office of the SIG terminates.

Requires the Secretary of the Treasury to: (1) either take action to address deficiencies identified by a report or investigation of the SIG or other auditor engaged by the TARP; or (2) certify to congressional committees that no action is necessary or appropriate.

Instructs the SIG to work with Inspectors General of designated federal agencies to: (1) avoid duplication of effort; and (2) ensure comprehensive oversight of TARP.

Requires the SIG to: (1) report to Congress by July 1, 2009, on the use of any funds received by a financial institution under TARP; and (2) make such report available to the public, including on the home page of the SIG's website within 24 hours after its submission to Congress.

Requires funds for the office of the SIG to be made available not later than seven days after the SIG's nomination is first confirmed by the Senate.

]]> Special Inspector General for the Troubled Asset Relief Program Act of 2008 Short Titles as Introduced Special Inspector General for the Troubled Asset Relief Program Act of 2008 Short Titles as Passed Senate Special Inspector General for the Troubled Asset Relief Program Act of 2008 S Senate Display Title Special Inspector General for the Troubled Asset Relief Program Act of 2008 Official Title as Introduced A bill to amend the Emergency Economic Stabilization Act of 2008 (division A of Public Law 110-343) to provide the Special Inspector General with additional authorities and responsibilities, and for other purposes. Engrossed in Senate 2008-12-10T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3731es/xml/BILLS-110s3731es.xml Considered and Passed Senate 2008-12-10T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3731cps/xml/BILLS-110s3731cps.xml Referred in House 2008-12-10T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3731rfh/xml/BILLS-110s3731rfh.xml 2008-12-10 Referred to the House Committee on Financial Services. 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.