II 111th CONGRESS 1st Session S. 2787 IN THE SENATE OF THE UNITED STATES November 17, 2009 Mr. Thune (for himself, Mr. Vitter, Mr. Bennett, Mr. Inhofe, Mr. Johanns, Mr. Barrasso, Mr. Grassley, Mr. Cornyn, Mr. Ensign, Mr. Crapo, Mr. Roberts, Mr. Enzi, Ms. Murkowski, Mr. Burr, Mr. Coburn, and Mr. Bond) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To repeal the authority of the Secretary of the Treasury to extend the Troubled Asset Relief Program.

1.

Short title

This Act may be cited as the TARP Sunset Act of 2009.

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.—; and (2)by striking subsection (b).