I 111th CONGRESS 1st Session H. R. 2009 IN THE HOUSE OF REPRESENTATIVES April 21, 2009 Mr. McClintock introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Emergency Economic Stabilization Act of 2008 to permit immediate repayment of direct capital investments received under the Troubled Asset Relief Program.

1.

Right of repayment under TARP

(a)

In general

Title I of the Emergency Economic Stabilization Act of 2008 (12 U.S.C. 5201 et seq.) is amended by adding at the end the following new section:

137.

Right of repayment

Any financial institution that has received or receives a direct capital investment under this title shall, notwithstanding any other provision of law or any agreement made by such institution, have the right to immediately repay such direct capital investment, and the Secretary shall unconditionally accept such a payment.

. (b)

Conforming amendment

The table of contents for such Act is amended by inserting after the item relating to section 136 the following new item: 137. Right of repayment. .