3.0.0 2745 2023-01-11T13:18:52Z 2023-01-11T13:18:52Z House H HR 2009-06-08 111 hsba00 Financial Services Committee House Standing Referred to 2009-06-08T16:32:43Z 2009-06-08 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-06-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-06-08 Introduced in House IntroReferral 1000 9 Library of Congress H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 N P000599 Rep. Posey, Bill [R-FL-15] Bill Posey R FL 15 2009-06-12 False H000528 Rep. Herger, Wally [R-CA-2] WALLY HERGER R CA 2 2009-06-12 False F000453 Rep. Fallin, Mary [R-OK-5] Mary Fallin R OK 5 2009-06-12 False B001256 Rep. Bachmann, Michele [R-MN-6] Michele Bachmann R MN 6 2009-06-12 False L000566 Rep. Latta, Robert E. [R-OH-5] Robert Latta R OH E. 5 2009-06-12 False P000592 Rep. Poe, Ted [R-TX-2] Ted Poe R TX 2 2009-06-12 False H001048 Rep. Hunter, Duncan D. [R-CA-52] Duncan Hunter R CA D. 52 2009-06-12 False C001053 Rep. Cole, Tom [R-OK-4] Tom Cole R OK 4 2009-06-12 False H001045 Rep. Harper, Gregg [R-MS-3] Gregg Harper R MS 3 2009-06-12 False F000445 Rep. Forbes, J. Randy [R-VA-4] J. Forbes R VA Randy 4 2009-06-12 False B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 2009-06-12 False G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2009-06-12 False P000591 Rep. Price, Tom [R-GA-6] Tom Price R GA 6 2009-06-12 False W000795 Rep. Wilson, Joe [R-SC-2] Joe Wilson R SC 2 2009-06-12 False J000289 Rep. Jordan, Jim [R-OH-4] Jim Jordan R OH 4 2009-06-12 False P000373 Rep. Pitts, Joseph R. [R-PA-16] JOSEPH PITTS R PA R. 16 2009-06-12 False B001244 Rep. Bonner, Jo [R-AL-1] Jo Bonner R AL 1 2009-06-12 False C001076 Rep. Chaffetz, Jason [R-UT-3] Jason Chaffetz R UT 3 2009-06-12 False F000448 Rep. Franks, Trent [R-AZ-2] Trent Franks R AZ 2 2009-06-12 False S000275 Rep. Shadegg, John B. [R-AZ-3] JOHN SHADEGG R AZ 3 2009-06-12 False G000552 Rep. Gohmert, Louie [R-TX-1] Louie Gohmert R TX 1 2009-06-12 False L000564 Rep. Lamborn, Doug [R-CO-5] Doug Lamborn R CO 5 2009-06-12 False K000362 Rep. King, Steve [R-IA-5] Steve King R IA 5 2009-06-12 False F000444 Rep. Flake, Jeff [R-AZ-6] JEFF FLAKE R AZ 6 2009-06-12 False O000168 Rep. Olson, Pete [R-TX-22] Pete Olson R TX 22 2009-06-12 False F000450 Rep. Foxx, Virginia [R-NC-5] Virginia Foxx R NC 5 2009-06-12 False M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2009-06-12 False S000583 Rep. Smith, Lamar [R-TX-21] LAMAR SMITH R TX 21 2009-06-12 False S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2009-06-15 False H000067 Rep. Hall, Ralph M. [R-TX-4] RALPH HALL R TX M. 4 2009-06-26 False J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2009-06-26 False B001248 Rep. Burgess, Michael C. [R-TX-26] Michael Burgess R TX C. 26 2009-09-10 False T000459 Rep. Terry, Lee [R-NE-2] LEE TERRY R NE 2 2009-09-25 False Finance and Financial Sector Bank accounts, deposits, capital Financial crises and stabilization Securities Finance and Financial Sector 00 2009-06-08 Introduced in House 2009-09-14T21:08:19Z TARP Repayment and Termination Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to grant any financial institution that received or receives assistance under the Troubled Asset Relief Program (TARP) the right to repay all of it immediately if the institution will be well capitalized after such repayment and has made any payment due to the Secretary of the Treasury by reason of receiving such assistance.

Allows bank holding companies assessed under the Supervisory Capital Assessment Program (SCAP) to repay all of their TARP assistance immediately if the Secretary determines that they meet specified criteria, including the ability, along with their subsidiary banks, to meet all ongoing funding requirements and obligations to counterparties while reducing reliance on government capital and the Temporary Liquidity Guarantee Program (TLGP).

Directs the Secretary to notify financial institutions unable to repay their TARP assistance of detailed steps to take to put themselves in a position to make such repayment.

Gives financial institutions making a full repayment of TARP assistance the right to repurchase preferred shares purchased or held by the Secretary as a result of the Secretary's exercise of warrants at the same price paid by the Secretary for such shares or warrants.

Requires the Secretary to liquidate at the market price warrants associated with repaid TARP assistance.

Eliminates the Secretary's authority to extend TARP beyond its termination date.

]]> TARP Repayment and Termination Act of 2009 Display Title TARP Repayment and Termination Act of 2009 Official Title as Introduced To amend the Emergency Economic Stabilization Act of 2008 to provide repayment procedures for certain assistance received under the Troubled Asset Relief Program. Introduced in House IH Short Titles as Introduced TARP Repayment and Termination Act of 2009 Introduced in House 2009-06-08T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr2745ih/xml/BILLS-111hr2745ih.xml 2009-06-08 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.