I 

111TH CONGRESS 

1ST SESSION H. R. 3696 

To prohibit recipients of TARP assistance from funding ACORN, and for 

other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

OCTOBER 1, 2009 

Mr. BACHUS (for himself, Mr. BOEHNER, Mr. HENSARLING, Mr. GARRETT of 

New Jersey, Mr. JONES, Mr. LANCE, Mr. MCCARTHY of California, Mr. 

ROYCE, Mr. MCCOTTER, Mr. POSEY, Mr. KING of New York, Mrs. 

CAPITO, Mr. GERLACH, Mrs. BIGGERT, Mr. LEE of New York, Mr. 

MCHENRY, Mrs. BACHMANN, Mr. MANZULLO, Mr. PRICE of Georgia, Mr. 

ISSA, and Mr. SMITH of Texas) introduced the following bill; which was 

referred to the Committee on Financial Services 

A BILL 

To prohibit recipients of TARP assistance from funding 

ACORN, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. PROHIBITION ON USE OF FUNDS: ACORN. 

4 Title I of the Emergency Economic Stabilization Act 

5 of 2008 (12 U.S.C. 5211 et seq.) is amended by adding 

6 at the end the following: 

7 ‘‘SEC. 137. PROHIBITION ON USE OF FUNDS: ACORN. 

8 ‘‘(a) PROHIBITION.— 


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1 ‘‘(1) IN GENERAL.—During the period that an 

2 entity is in receipt of financial assistance under the 

3 TARP or any other program enacted by the Sec4 retary under the authorities granted to the Secretary 

5 under this Act, such entity shall not provide any as6 sistance to, directly or indirectly, fund, promote, or 

7 in any way contribute to the activities of ACORN or 

8 an ACORN-related affiliate. 

9 ‘‘(2) LIMITATION.—The prohibition established 

10 in paragraph (1) shall not apply to an entity that 

11 has repaid all outstanding amounts of any financial 

12 assistance that such entity received under the TARP 

13 or any other program enacted by the Secretary 

14 under the authorities granted to the Secretary under 

15 this Act. 

16 ‘‘(b) DISCLOSURE.—Not later than 30 days after the 

17 date of enactment of this section, each entity that has re18 ceived financial assistance under the TARP or any other 

19 program enacted by the Secretary under the authorities 

20 granted to the Secretary under this Act, shall submit a 

21 report to the Secretary and to the appropriate committees 

22 of Congress detailing any assistance, whether direct or in23 direct, that such entity has provided to ACORN or an 

24 ACORN-related affiliate in the prior 12 months. 

25 ‘‘(c) DEFINITION.—For purposes of this section— 


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1 ‘‘(1) the term ‘ACORN’ means the Association 

2 of Community Organizations for Reform Now and 

3 any ACORN-related affiliate; 

4 ‘‘(2) the term ‘ACORN-related affiliate’ means 

5 any of the following: 

6 ‘‘(A) Any State chapter of ACORN reg7 istered with the Secretary of State’s office in 

8 that State. 

9 ‘‘(B) Any organization that shares direc10 tors or employees with ACORN. 

11 ‘‘(C) Any organization that has a financial 

12 stake, directly or indirectly, in ACORN. 

13 ‘‘(D) Any organization whose finances, 

14 whether federally funded, donor-funded, or 

15 raised through organizational goods and serv16 ices, are shared or controlled, directly or indi17 rectly, by ACORN.’’. 

Æ 


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