[Congressional Record (Bound Edition), Volume 155 (2009), Part 1]
[House]
[Page 687]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1030
                             DATA AMENDMENT

  (Mrs. MALONEY asked and was given permission to address the House for 
1 minute.)
  Mrs. MALONEY. Madam Speaker, taxpayers want to know where the first 
$350 billion of the bailout TARP money has gone; so does Congress. The 
independent General Accounting Office concluded that Treasury has not 
set up any policies and procedures to ensure that TARP funds are being 
used as intended. I am therefore putting in legislation to require 
Treasury to collect, analyze and report to the TARP oversight entities 
data on what recipients of the TARP money are receiving, and to let 
them analyze exactly where this money is going. I am proposing this in 
the form of an amendment to H.R. 384, which may be on the floor this 
week.
  This amendment subjects TARP recipients to additional, but 
appropriate, scrutiny of their activities. It provides the entities 
charged with overseeing the TARP, including Congress, the tools they 
need to analyze exactly where our taxpayer money is going. I urge my 
colleagues to support it.

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