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United States · Bill · S

S. 116 (111th)

TARP Assistance for Local Governments Act of 2009

referredUnited States· United States Congress· EN

Introduced

6 January 2009

Last action

Status

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

Sponsors

Subjects

Discovery layer

Source updated

14 August 2025

Summary

TARP Assistance for Local Governments Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to instruct the Secretary of the Treasury to use $10 billion of funds made available for the TARP (Troubled Asset Relief Program) to assist public instrumentalities, such as counties and cities, that have suffered significant increased costs or losses due to investments with failed financial institutions. Restricts such assistance to public instrumentalities that have suffered due to investments that were highly rated in any failed financial institution, whether or not the financial institution is assisted under such Act.

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Documents

3 official files

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Sources

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