[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4157 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 4157

To repeal the authority of the Secretary of the Treasury to extend the 
   Troubled Asset Relief Program and return all unobligated funds to 
                        reduce the public debt.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 19, 2009

Mr. Tiahrt (for himself, Mr. Sam Johnson of Texas, Mr. Inglis, and Mr. 
   Souder) introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To repeal the authority of the Secretary of the Treasury to extend the 
   Troubled Asset Relief Program and return all unobligated funds to 
                        reduce the public debt.

    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 ``Ensure TARP Expires Act of 2009''.

SEC. 2. REPEAL OF TARP EXTENSION AUTHORITY.

    Section 120 of the Emergency Economic Stabilization Act of 2008 (12 
U.S.C. 5230) is amended--
            (1) by striking ``(a) Termination.--'';
            (2) by striking subsection (b); and
            (3) in title I, by adding at the end the following new 
        section:

``SEC. 137. REMAINING UNOBLIGATED FUNDS TO BE USED TO REDUCE PUBLIC 
              DEBT.

    ``The Secretary shall transfer all unobligated funds under section 
120 of the Emergency Economic Stabilization Act of 2008 (12 U.S.C. 
5230) to reduce the public debt.''.
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