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S 340 111th Congress Senate Finance and Financial Sector Congressional oversight Financial crises and stabilization Government information and archives Public contracts and procurement

Troubled Asset Relief Program Enhancement Act

Introduced: January 28, 2009 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 28, 2009
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 28, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

Troubled Asset Relief Program Enhancement Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require the Comptroller General to oversee the performance of the Troubled Asset Relief Program (TARP) in meeting EESA purposes involving public accountability for the exercise of its authority.

Grants the Comptroller General access, upon request, to any information, data, schedules, books, accounts, financial records, reports, files, electronic communications, or other papers, things, or property belonging to or in use by the TARP, any entity established by the Secretary under EESA, or any entity participating in a program established under EESA, and to any of their officers, employees, directors, independent public accountants, financial advisors and any and all other agents and representatives.

Requires the Comptroller General to be afforded full facilities for verifying transactions with the balances or securities held by depositories, fiscal agents, and custodians.

Prohibits the Comptroller General from disclosing publicly any proprietary or trade secret information obtained under this Act.

What's happening now January 28, 2009

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Committees of jurisdiction 1