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United States · Bill · HR

H.R. 1242 (111th)

To amend the Emergency Economic Stabilization Act of 2008 to provide for additional monitoring and accountability of the Troubled Asset Relief Program.

referredUnited States· United States Congress· EN

Introduced

2 March 2009

Last action

23 December 2009 · Introduced

Status

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

Sponsors

Rep. Maloney, Carolyn B. [D-NY-12], Rep. King, Peter T. [R-NY-2], Rep. Meeks, Gregory W. [D-NY-5], Rep. Jones, Walter B., Jr. [R-NC-3], Rep. Ellison, Keith [D-MN-5], Rep. Sensenbrenner, F. James, Jr. [R-WI-5], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Goodlatte, Bob [R-VA-6], Rep. McGovern, James P. [D-MA-2], Rep. Turner, Michael R. [R-OH-10], Rep. Hodes, Paul W. [D-NH-2], Rep. Carnahan, Russ [D-MO-3], Rep. Gingrey, Phil [R-GA-11], Rep. Emerson, Jo Ann [R-MO-8], Rep. Rooney, Thomas J. [R-FL-17], Rep. Johnson, Eddie Bernice [D-TX-30], Rep. Stearns, Cliff [R-FL-6], Rep. Matsui, Doris O. [D-CA-7], Rep. McCaul, Michael T. [R-TX-10], Rep. Marchant, Kenny [R-TX-24], Rep. Terry, Lee [R-NE-2], Rep. Crowley, Joseph [D-NY-14], Rep. Rogers, Harold [R-KY-5], Rep. Green, Gene [D-TX-29], Rep. Moore, Dennis [D-KS-3], Rep. Bono, Mary [R-CA-44], Sen. Welch, Peter [D-VT], Rep. Roskam, Peter J. [R-IL-6], Rep. Luetkemeyer, Blaine [R-MO-3], Rep. Conyers, John, Jr. [D-MI-13], Rep. Fallin, Mary [R-OK-5], Rep. Lee, Christopher J. [R-NY-26], Rep. Radanovich, George [R-CA-19], Rep. Tanner, John S. [D-TN-8], Rep. McMorris Rodgers, Cathy [R-WA-5], Rep. Adler, John H. [D-NJ-3], Rep. Lynch, Stephen F. [D-MA-8], Rep. Biggert, Judy [R-IL-13], Rep. Hall, John J. [D-NY-19], Rep. Kucinich, Dennis J. [D-OH-10], Rep. Tiberi, Patrick J. [R-OH-12], Rep. Hinojosa, Ruben [D-TX-15], Rep. Sessions, Pete [R-TX-17]

Subjects

Discovery layer

Source updated

7 April 2025

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Summary

Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Secretary of the Treasury to provide to the Special Inspector General of the Troubled Asset Relief Program (TARP), the Comptroller General, and the Congressional Oversight Panel ongoing, continuous, and close to real-time updates of the status of funds distributed under EESA through a standardized electronic database that combines all of the necessary information from existing public and private sources to track the status of the funds distributed under the Act. Requires the Secretary also to: (1) compare the data in such database with any other data for any activities that are inconsistent with EESA purposes; and (2) collect from all federal agencies any regulatory filings, internal models, financial models, and analytics associated with the financial assistance on at least a daily basis in order to help the Secretary to determine the effectiveness of TARP in stimulating prudent lending and strengthening bank capital. Directs the Secretary, if TARP goals are not being met, to work with the federal agencies supplying the information to have them provide the recipients with recommendations for better meeting such goals. Requires the Secretary, furthermore, to adjust the future uses of TARP assistance if such goals are not met even following such recommendations.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 2 March 2009

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 2 March 2009

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 2 March 2009

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 2 December 2009

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  5. 2 December 2009

    Passed

    The title of the measure was amended. Agreed to without objection.

    Source: Floor

  6. 2 December 2009

    Vote

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 421 - 0 (Roll no. 921). (text: CR H13405-13406)

    Source: Floor

  7. 2 December 2009

    Vote

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 421 - 0 (Roll no. 921).(text: CR H13405-13406)

    Source: Floor

  8. 2 December 2009

    Floor

    Considered under suspension of the rules. (consideration: CR H13405-13408)

    Source: Floor

  9. 2 December 2009

    Vote

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

    Source: Floor

  10. 2 December 2009

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 1242.

    Source: Floor

  11. 2 December 2009

    Floor

    Mrs. Maloney moved to suspend the rules and pass the bill, as amended.

    Source: Floor

  12. 3 December 2009

    Introduced

    Received in the Senate.

    Source: IntroReferral

  13. 23 December 2009

    Introduced

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

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

8 official files

Referred in Senate (text)

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  • Referred in Senate (text)

    Referred in Senate · EN · 23 December 2009

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  • Referred in Senate (PDF)

    Referred in Senate · EN · 23 December 2009

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  • Engrossed in House (text)

    Engrossed in House · EN · 2 December 2009

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 2 December 2009

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  • Passed House amended

    summary · EN · 2 December 2009

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  • Introduced in House (text)

    Introduced in House · EN · 2 March 2009

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  • Introduced in House (PDF)

    Introduced in House · EN · 2 March 2009

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  • Introduced in House

    summary · EN · 2 March 2009

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Sponsors

Related records

Sources

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