[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2907 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 2907

  To amend the Emergency Economic Stabilization Act of 2008 to ensure 
 that recipients of assistance under the Troubled Asset Relief Program 
repay such assistance only if they would remain well capitalized after 
                            such repayment.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 16, 2009

  Mr. Tiahrt 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 ensure 
 that recipients of assistance under the Troubled Asset Relief Program 
repay such assistance only if they would remain well capitalized after 
                            such repayment.

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

SECTION 1. PURPOSE.

    The purpose of this Act is to authorize and remove impediments to 
the repayment of funds received under the Troubled Asset Relief 
Program.

SEC. 2. REPAYMENT OF TARP FUNDS.

    Section 111(g) of the Emergency Economic Stabilization Act of 2008 
(12 U.S.C. 5221(g)) is amended--
            (1) by inserting ``if, subsequent to such repayment, the 
        TARP recipient is well capitalized (as determined by the 
        appropriate Federal banking agency having supervisory authority 
        over the TARP recipient)'' after ``waiting period,''; and
            (2) by striking ``, and when such assistance is repaid, the 
        Secretary shall liquidate warrants associated with such 
        assistance at the current market price''.
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