[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4357 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 4357

To use amounts repaid to the Treasury under the Troubled Assets Relief 
  Program for relief to displaced and low-wage workers, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 16, 2009

   Mr. Baca (for himself and Mr. Gene Green of Texas) introduced the 
   following bill; which was referred to the Committee on Financial 
Services, and in addition to the Committees on Education and Labor and 
   Ways and Means, for a period to be subsequently determined by the 
  Speaker, in each case for consideration of such provisions as fall 
           within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
To use amounts repaid to the Treasury under the Troubled Assets Relief 
  Program for relief to displaced and low-wage workers, 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 ``Federal Bailout for American 
Individuals and Families in Distress Today and Tomorrow Act of 2009''.

SEC. 2. TRANSFER OF REPAID TARP FUNDS TO FEDERAL EMPLOYMENT PROGRAMS.

    (a) Transfer of Funds.--Of funds that were made available under 
title I of the Emergency Economic Stabilization Act of 2008 (12 U.S.C. 
5211 et seq.) that have been repaid to the Treasury by a financial 
institution, the Secretary of the Treasury shall--
            (1) make available to the Secretary of Labor $8,000,000,000 
        which shall be available for obligation on the date of 
        enactment of this Act, as follows:
                    (A) for activities under the Workforce Investment 
                Act of 1998--
                            (i) $2,000,000,000 for grants to the States 
                        for adult employment and training activities, 
                        including supportive services and needs-related 
                        payments described in section 134(e)(2) and (3) 
                        of such Act (29 U.S.C. 2864(e)(2) and (3)); and
                            (ii) $2,000,000,000 for Migrant and 
                        Seasonal Farmworker Programs under section 167 
                        of such Act (29 U.S.C. 2912); and
                    (B) $4,000,000,000 for benefits and services under 
                the Trade Adjustment Assistance for Workers program 
                authorized in chapter II of title II of the Trade Act 
                of 1974 (19 U.S.C. 2271 et seq.); and
            (2) make available to the Secretary of Health and Human 
        Services $2,000,000,000 which shall be available for obligation 
        on the date of enactment of this Act for deposit into the 
        Emergency Contingency Fund for State Temporary Assistance for 
        Needy Families Programs established under section 403(c) of the 
        Social Security Act (42 U.S.C. 603(c)).
    (b) Authorization.--The transfers authorized under subsection (a) 
shall be deemed actions authorized under title I of the Emergency 
Economic Stabilization Act of 2008 (12 U.S.C. 5201 et seq.).
                                 <all>