3.0.0 189 2023-01-11T13:21:02Z 2023-01-11T13:21:02Z House H HR 2011-01-05 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. WOODALL:H.R. 189.Congress has the power to enact this legislation pursuantto the following:This bill is enacted in fidelity to the powers vested inCongress in Article I, Section 1 of the United StatesConstitution and to prohibit encroachment of individualrights granted in Amendment IX and state's rights granted inAmendment X of the United States Constitution.[Page H47]]]> hsba00 Financial Services Committee House Standing Referred to 2011-01-05T17:10:15Z 2011-01-05 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-01-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-01-05 Introduced in House IntroReferral 1000 9 Library of Congress W000810 Rep. Woodall, Rob [R-GA-7] Rob Woodall R GA 7 N Economics and Public Finance Bank accounts, deposits, capital Business investment and capital Financial crises and stabilization Government lending and loan guarantees Economics and Public Finance 00 2011-01-05 Introduced in House 2011-01-25T19:09:06Z Repeals all but specified provisions (among them the temporary increase to $250,000 in deposit and share insurance coverage) of title I (Troubled Asset Relief Program) (TARP) of the Emergency Economic Stabilization Act of 2008. Restores or revives the provisions of law amended or repealed by such title as if it had not been enacted.

Directs the Secretary of the Treasury to: (1) maintain oversight of all outstanding funds received by an entity under TARP until they are repaid; and (2) dispose of all assets received by the Treasury under TARP in a manner so as to maximize the overall return from them.

Declares that Congress finds that the federal government should not: (1) provide TARP-like programs or other bailouts for entities in the private sector; or (2) act as a creditor of last resort to the private sector.

Prohibits Congress from making any law providing a bailout for one or more entities in the private sector.

]]> To repeal the Troubled Asset Relief Program and to prevent future bailouts. Display Title To repeal the Troubled Asset Relief Program and to prevent future bailouts. Official Title as Introduced To repeal the Troubled Asset Relief Program and to prevent future bailouts. Introduced in House IH Introduced in House 2011-01-05T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr189ih/xml/BILLS-112hr189ih.xml 2011-01-05 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.