3.0.0 4170 2023-01-11T13:17:01Z 2023-01-11T13:17:01Z House H HR 2009-12-02 111 hswm00 Ways and Means Committee House Standing Referred to 2009-12-02T15:01:40Z hsbu00 Budget Committee House Standing Referred to 2009-12-02T15:01:39Z hsba00 Financial Services Committee House Standing Referred to 2009-12-02T15:00:53Z TARP Sunset Act of 2009 111 4110 HR 2009-11-18 Referred to the House Committee on Financial Services. Related bill CRS Ensure TARP Expires Act of 2009 111 4157 HR 2009-11-19 Referred to the House Committee on Financial Services. Related bill CRS TARP Sunset and Fiscal Responsibility Act of 2009 111 4171 HR 2009-12-02 Referred to House Ways and Means Related bill CRS 2009-12-02 Referred to House Ways and Means IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-12-02 Referred to House Budget IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2009-12-02 Referred to the Committee on Financial Services, and in addition to the Committees on the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2009-12-02 Referred to House Financial Services IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-12-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-12-02 Introduced in House IntroReferral 1000 9 Library of Congress H001043 Rep. Hodes, Paul W. [D-NH-2] Paul Hodes D NH W. 2 N S000344 Rep. Sherman, Brad [D-CA-27] BRAD SHERMAN D CA 27 2009-12-16 False Finance and Financial Sector Budget deficits and national debt Congressional oversight Financial crises and stabilization Interest, dividends, interest rates Finance and Financial Sector 00 2009-12-02 Introduced in House 2010-01-14T23:03:02Z Stop Any TARP Extension Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to: (1) terminate on December 31, 2009 (as under current law), the authority of the Secretary of the Treasury to implement the Troubled Asset Relief Program (TARP); and (2) repeal the Secretary's authority to extend the TARP program through October 3, 2010, upon submission of a written certification to Congress.

Revises the requirement that revenues of and proceeds from the sale of troubled assets purchased under TARP, or from the sale, exercise, or surrender of warrants or senior debt instruments acquired under TARP, be paid into the general fund of the Treasury for reduction of the public debt.

Establishes the Public Debt Reduction Payment Account. Directs the Secretary to deposit into the Account the following: (1) all remaining EESA funds; (2) amounts received for repayment of financial assistance, as well as payment of interest by a recipient of such assistance under TARP or any related program, including the Capital Purchase Program; and (3) revenues and proceeds from the sale of troubled assets that were purchased under EESA, or from the sale, exercise, or surrender of warrants or senior debt instruments, as under current law.

Instructs the Secretary to: (1) use amounts in the Account to pay at maturity (or to redeem or buy before maturity) any obligation of the government held by the public and included in the public debt; and (2) deposit into the Account specified funds received by the Secretary pursuant to EESA.

Lowers the statutory limit on the public debt by the aggregate amounts deposited into the Public Debt Reduction Payment Account.

Prohibits the receipts and disbursements of the Account from being counted as new budget authority, outlays, receipts, or deficit or surplus for presidential or congressional budget purposes, and requires their exclusion from any official budget statements.

]]> Stop Any TARP Extension Act of 2009 Display Title Stop Any TARP Extension Act of 2009 Official Title as Introduced To amend the Emergency Economic Stabilization Act of 2008 to strike the authority of the Secretary of the Treasury to extend the Troubled Asset Relief Program after 2009, and for other purposes. Introduced in House IH Short Titles as Introduced Stop Any TARP Extension Act of 2009 Introduced in House 2009-12-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4170ih/xml/BILLS-111hr4170ih.xml 2009-12-02 Referred to House Ways and Means 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.