I 111th CONGRESS 2d Session H. R. 6225 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.

1.

Short title

This Act may be cited as the Permanent End to TARP Act.

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:

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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