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H.R. 3594 111th Congress House

TARP Recipient Ownership Trust Act of 2009

Official title: To authorize the Secretary of the Treasury to delegate management authority over troubled assets purchased under the Troubled Asset Relief Program, to require … Show full official titleShow less

Official title: To authorize the Secretary of the Treasury to delegate management authority over troubled assets purchased under the Troubled Asset Relief Program, to require the establishment of a trust to manage assets of certain designated TARP recipients, and for other purposes.

Introduced: April 27, 2010 See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBusiness investment and capitalCongressional oversightCorporate finance and management
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Financial crises and stabilizationFinancial services and investmentsHouse of RepresentativesLegislative rules and procedurePublic-private cooperationSecuritiesSenate
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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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 Latest action September 17, 2009

Referred to House Rules

 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.

 Related & companion bills 1
  • S 1723 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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