[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 64 Introduced in Senate (IS)]







111th CONGRESS
  1st Session
                                 S. 64

 To amend the Emergency Economic Stabilization Act to require approval 
by the Congress for certain expenditures for the Troubled Asset Relief 
                                Program.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 6, 2009

   Mr. Inhofe (for himself, Mr. Enzi, Mr. Barrasso, Mr. Wicker, Mr. 
DeMint, and Mrs. Lincoln) introduced the following bill; which was read 
  twice and referred to the Committee on Banking, Housing, and Urban 
                                Affairs

_______________________________________________________________________

                                 A BILL


 
 To amend the Emergency Economic Stabilization Act to require approval 
by the Congress for certain expenditures for 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. APPROVAL REQUIRED FOR TARP OBLIGATIONS.

    Section 115 of the Emergency Economic Stabilization Act of 2008 
(division A of Public Law 110-343) is amended--
            (1) in subsection (a)(3)--
                    (A) by striking ``unless there is enacted, within 
                15 calendar days of'' and inserting ``until there is 
                enacted, not later than 15 calendar days after''; and
                    (B) by striking ``, effective upon the expiration 
                of such 15-day period,''; and
            (2) in subsection (c)--
                    (A) in the subsection heading, by striking 
                ``Disapproval'' and inserting ``Approval'';
                    (B) in paragraph (1), by striking ``disapproving'' 
                and inserting ``approving'';
                    (C) in paragraph (2)(C), by striking 
                ``disapproval'' and inserting ``approval''; and
                    (D) in paragraph (2)(D), by striking 
                ``disapproves'' and inserting ``approves''.
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