HR 1761
111th Congress
House
Finance and Financial Sector
Bank accounts, deposits, capital
Business investment and capital
Buy American requirements
Financial crises and stabilization
Financial services and investments
Foreign and international banking
Foreign and international corporations
International monetary system and foreign exchange
Wages and earnings
Responsible Use of Taxpayer Help Act
Introduced: March 26, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 26, 2009
Referred to the House Committee on Financial Services.
Mar 26, 2009
Introduced in House
Plain-English summary
Responsible Use of Taxpayer Help Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to prohibit a financial institution from using any assistance under the Troubled Asset Relief Program (TARP) to: (1) purchase or invest in any foreign asset or business; (2) transfer money to, or invest in, a foreign subsidiary of the financial institution; (3) pay any type of compensation to an employee of the financial institution unless such employee is a U.S. citizen or lawful permanent resident; or (4) make any other purchase, payment, transfer, or investment, the primary effect of which is to benefit a foreign entity.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1
Cosponsors
1