[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2832 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 2832

  To require the Secretary of the Treasury to develop a strategy and 
    timeline for the repayment of assistance received by financial 
  institutions under the Troubled Asset Relief Program, and for other 
                               purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 11, 2009

Mr. Edwards of Texas introduced the following bill; which was referred 
                 to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
  To require the Secretary of the Treasury to develop a strategy and 
    timeline for the repayment of assistance received by financial 
  institutions under the Troubled Asset Relief Program, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Taxpayer Repayment Act of 2009''.

SEC. 2. TIMELINE FOR REPAYMENT OF TARP FUNDS.

    (a) In General.--The Secretary of the Treasury shall develop a 
strategy and timeline for the repayment of all assistance received by 
financial institutions under TARP.
    (b) Report to the Congress.--Not more than 6 months after the date 
of the enactment of this Act, the Secretary of the Treasury shall issue 
a report to the Congress containing--
            (1) the strategy and timeline developed under subsection 
        (a);
            (2) the date by which the Secretary expects to have 
        received all repayment of assistance received by financial 
        institutions under TARP;
            (3) the date by which the Secretary expects the Government 
        to have divested itself of all assets acquired under TARP; and
            (4) the date by which the Secretary expects to have 
        recovered all TARP funds spent on insuring troubled assets.
    (c) TARP Defined.--For purposes of this section, the term ``TARP'' 
means the Troubled Asset Relief Program under title I of the Emergency 
Economic Stabilization Act of 2008.
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