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HR 1761 111th Congress House

Responsible Use of Taxpayer Help Act

Official title: To amend the Emergency Economic Stabilization Act of 2008 to restrict the use of TARP funds for domestic purposes.

Introduced: March 26, 2009 See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBusiness investment and capitalBuy American requirementsFinancial crises and stabilization
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Financial services and investmentsForeign and international bankingForeign and international corporationsInternational monetary system and foreign exchangeWages and earnings
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action March 26, 2009

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 1
Schauer, Mark
· Apr 27, 2009
Space, Zachary
· Apr 22, 2009
Carney, Christopher
· Mar 30, 2009
 D
Kaptur, Marcy
Ohio · Mar 26, 2009
Kilroy, Mary Jo
· Mar 26, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1761: Responsible Use of Taxpayer Help Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-1761/
MLA
"H.R. 1761: Responsible Use of Taxpayer Help Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-1761/.
Bluebook (legal)
H.R. 1761, 111th Cong. (2026), https://openamerica.io/bill/111-HR-1761/.
Markdown link
[H.R. 1761: Responsible Use of Taxpayer Help Act](https://openamerica.io/bill/111-HR-1761/)
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