3.0.0 910 2023-01-11T13:19:21Z 2023-01-11T13:19:21Z Senate S S 2009-04-28 111 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2009-04-28T20:10:19Z To amend the Emergency Economic Stabilization Act of 2008 to provide for additional monitoring and accountability of the Troubled Asset Relief Program. 111 1242 HR 2009-12-23 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2009-04-28 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2009-04-28 Introduced in Senate IntroReferral 10000 9 Library of Congress W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. N M001162 Sen. Martinez, Mel [R-FL] Mel Martinez R FL 2009-04-28 True B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2009-04-28 True T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2009-06-09 False B000953 Sen. Brownback, Sam [R-KS] SAM BROWNBACK R KS 2009-06-10 False K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2009-07-27 False L000572 Sen. LeMieux, George S. [R-FL] George LeMieux R FL S. 2010-02-23 False R000584 Sen. Risch, James E. [R-ID] James Risch R ID E. 2010-03-17 False Finance and Financial Sector Accounting and auditing Bank accounts, deposits, capital Banking and financial institutions regulation Congressional oversight Financial crises and stabilization Government information and archives Government studies and investigations Public contracts and procurement Finance and Financial Sector 00 2009-04-28 Introduced in Senate 2009-05-12T15:02:17Z Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Secretary of the Treasury to provide to the Special Inspector General of the Troubled Asset Relief Program (TARP), the Comptroller General, and the Congressional Oversight Panel ongoing, continuous, and close to real-time updates of the status of the use of funds distributed under EESA, including with respect to procurement contracts, through a standardized electronic database that combines all of the necessary information from existing public and private sources to track the status of the funds distributed under the Act.

Requires the Secretary also to: (1) compare the data in such database with any other data for any activities that are inconsistent with EESA purposes; and (2) collect from all federal agencies any regulatory filings, data generated by the use of internal models, financial models, and analytics associated with the financial assistance on at least a daily basis in order to help the Secretary to determine the effectiveness of TARP in stimulating prudent lending and strengthening bank capital.

Directs the Secretary, if TARP goals are not being met, to work with the federal agencies supplying the information to have them provide the recipients with recommendations for better meeting such goals. Requires the Secretary, furthermore, to adjust the future uses of TARP assistance if such goals are not met even following such recommendations.

]]> A bill to amend the Emergency Economic Stabilization Act of 2008, to provide for additional monitoring and accountability of the Troubled Asset Relief Program. Display Title A bill to amend the Emergency Economic Stabilization Act of 2008, to provide for additional monitoring and accountability of the Troubled Asset Relief Program. Official Title as Introduced A bill to amend the Emergency Economic Stabilization Act of 2008, to provide for additional monitoring and accountability of the Troubled Asset Relief Program. Introduced in Senate IS Introduced in Senate 2009-04-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s910is/xml/BILLS-111s910is.xml 2009-04-28 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.