3.0.0 3068 2023-01-11T13:18:44Z 2023-01-11T13:18:44Z House H HR 2009-06-26 111 hsba00 Financial Services Committee House Standing Hearings by 2009-07-09T15:30:26Z Referred to 2009-06-26T13:05:50Z 2009-07-09 hsba00 Financial Services Committee 1 House committee actions Committee Hearings Held. Committee 2009-06-26 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-06-26 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-06-26 Introduced in House IntroReferral 1000 9 Library of Congress F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 N W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 2009-06-26 True C001050 Rep. Cardoza, Dennis A. [D-CA-18] Dennis Cardoza D CA A. 18 2009-06-26 True V000081 Rep. Velazquez, Nydia M. [D-NY-12] NYDIA VELAZQUEZ D NY M. 12 2009-06-26 True F000043 Rep. Fattah, Chaka [D-PA-2] CHAKA FATTAH D PA 2 2009-07-07 False K000336 Rep. Kucinich, Dennis J. [D-OH-10] DENNIS KUCINICH D OH J. 10 2009-07-22 False P000596 Resident Commissioner Pierluisi, Pedro R. [D-PR-At Large] Pedro Pierluisi D PR R. 0 2009-07-24 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2009-07-27 False T000469 Rep. Tonko, Paul [D-NY-21] Paul Tonko D NY 21 2009-07-31 False W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2010-02-23 False Housing and Community Development Financial crises and stabilization Government lending and loan guarantees Government trust funds Housing and community development funding Housing finance and home ownership Housing supply and affordability Interest, dividends, interest rates Residential rehabilitation and home repair Housing and Community Development 00 2009-06-26 Introduced in House 2010-06-15T19:27:31Z TARP for Main Street Act of 2009 - Directs the Secretary of the Treasury to transfer specified funds, from dividends paid by financial institution recipients of financial assistance under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 (EESA), to the Housing Trust Fund and to the Secretary of Housing and Urban Development (HUD).

Requires the use of such funds for assistance to: (1) states and local governmental units to redevelop abandoned and foreclosed homes; (2) the Emergency Homeowners' Relief Fund (which the Secretary shall establish under the Emergency Housing Act of 1975) for emergency mortgage assistance; and (3) the Multifamily Mortgage Resolution Program to stabilize multifamily properties that are in default or foreclosure, or have recently been foreclosed.

Amends the Emergency Housing Act of 1975 to: (1) increase the maximum aggregate amount of insured emergency mortgage loans and advances; and (2) extend through FY2011 the program for insured loans and emergency mortgage relief payments made under the Act.

Directs the HUD Secretary to develop a program to ensure the protection of current and future tenants of at-risk multifamily properties.

Amends EESA to reduce the TARP authorization limit in order to offset the costs of loans, advances, insurance, and appropriations authorized under this Act.

]]> TARP for Main Street Act of 2009 Display Title TARP for Main Street Act of 2009 Official Title as Introduced To use amounts made available under the Troubled Assets Relief Program of the Secretary of the Treasury for relief for homeowners and neighborhoods. Introduced in House IH Short Titles as Introduced TARP for Main Street Act of 2009 Introduced in House 2009-06-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3068ih/xml/BILLS-111hr3068ih.xml 2009-07-09 Committee Hearings Held. 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.