[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6225 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 6225

To amend the Emergency Economic Stabilization Act of 2008 to terminate 
           authority under the Troubled Asset Relief Program.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 28, 2010

 Mr. Paulsen 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 terminate 
           authority under the Troubled Asset Relief Program.

    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 ``Permanent End to TARP Act''.

SEC. 2. TERMINATION OF TARP AUTHORITY.

    Section 120 of the Emergency Economic Stabilization Act of 2008 (12 
U.S.C. 5230) is amended to read as follows:

``SEC. 120. TERMINATION OF AUTHORITY.

    ``(a) In General.--The authorities provided under sections 101(a), 
excluding section 101(a)(3), and the authorities provided under section 
102 shall terminate on October 3, 2010.
    ``(b) Treatment of Unfunded Commitments.--With respect to a 
commitment to purchase made by the Secretary under this title, 
including with respect to any housing assistance pursuant to section 
109 or 110, the Secretary may not expend funds with respect to such 
commitment on or after October 3, 2010.''.
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