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HR 3594 111th Congress House Finance and Financial Sector Bank accounts, deposits, capital Business investment and capital Congressional oversight Corporate finance and management Financial crises and stabilization Financial services and investments House of Representatives Legislative rules and procedure Public-private cooperation Securities Senate

TARP Recipient Ownership Trust Act of 2009

Introduced: September 17, 2009 See on congress.gov
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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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 17, 2009
Referred to the Committee on Financial Services, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 17, 2009
Referred to House Financial Services
Sep 17, 2009
Introduced in House
Sep 17, 2009
Referred to House Rules
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 Plain-English summary Congressional Research Service

TARP Recipient Ownership Trust Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to authorize the Secretary of the Treasury to delegate to a private entity management authority over troubled assets with respect to any entity assisted under the Troubled Asset Relief Program (TARP).

Prohibits any expenditure of TARP funds until the Secretary transfers all voting, nonvoting, and common equity in any designated TARP recipient to a limited liability company, to be held and managed in trust on behalf of U.S. taxpayers.

Requires the trustees to liquidate the trust and its assets by December 24, 2011, unless: (1) the trustees report to Congress that liquidation would not maximize profitability of the company and the return on investment to the taxpayer; and (2) Congress enacts into law a joint resolution approving continuation of the TARP management plan established under this Act.

What's happening now September 17, 2009

Referred to House Rules

 Related & companion bills 1
  • S 1723 Related bill TARP Recipient Ownership Trust Act of 2009
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Republican 3
R
Calvert, Ken
California · Apr 27, 2010
 R
Issa, Darrell
California · Sep 30, 2009
Lee, Christopher
· Sep 17, 2009
 R
Rogers, Mike D.
Alabama · Sep 17, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3594: TARP Recipient Ownership Trust Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-3594/
MLA
"H.R. 3594: TARP Recipient Ownership Trust Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-3594/.
Bluebook (legal)
H.R. 3594, 111th Cong. (2026), https://openamerica.io/bill/111-HR-3594/.
Markdown link
[H.R. 3594: TARP Recipient Ownership Trust Act of 2009](https://openamerica.io/bill/111-HR-3594/)
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