I 

111TH CONGRESS 

2D SESSION H. R. 4617 

To amend the Emergency Economic Stabilization Act of 2008 to require 

institutions to segregate funds received under the Troubled Asset Relief 

Program and to amend the Federal Election Campaign Act of 1971 

to prohibit the use of any such funds for expenditures or electioneering 

communications under such Act. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 5, 2010 

Mr. WALZ introduced the following bill; which was referred to the Committee 

on Financial Services, and in addition to the Committee on House Administration, 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 

A BILL 

To amend the Emergency Economic Stabilization Act of 

2008 to require institutions to segregate funds received 

under the Troubled Asset Relief Program and to amend 

the Federal Election Campaign Act of 1971 to prohibit 

the use of any such funds for expenditures or electioneering communications under such Act. 

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


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1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘Separate Taxpayer 

3 Dollars from the Election Process Act of 2010’’. 

4 SEC. 2. TARP ASSISTANCE SEGREGATION REQUIREMENT. 

5 Title I of the Emergency Economic Stabilization Act 

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

7 at the end the following new section: 

8 ‘‘SEC. 137. TARP ASSISTANCE SEGREGATION REQUIRE9 MENT. 

10 ‘‘(a) IN GENERAL.—Any financial institution, other 

11 than a natural person, receiving Federal funds in connec12 tion with assistance received under this title shall— 

13 ‘‘(1) if such funds are received before the date 

14 of the enactment of this section, transfer an amount 

15 equal to the total unexpended amount of such funds 

16 into a separate, segregated account from the other 

17 operating funds of the institution and maintain such 

18 funds in the segregated account until they are ex19 pended; and 

20 ‘‘(2) if such funds are received on or after the 

21 date of the enactment of this section, deposit such 

22 funds in a separate, segregated account from the 

23 other operating funds of the institution and main24 tain such funds in the segregated account until they 

25 are expended. 


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1 ‘‘(b) TRANSITION RULE.—Federal funds that are re2 quired to be segregated by reason of subsection (a)(1) 

3 shall be so segregated not later than the end of the 30- 

4 day period beginning on the date of the enactment of this 

5 section.’’. 

6 SEC. 3. PROHIBITING USE OF SEGREGATED FUNDS FOR 

7 CERTAIN CAMPAIGN-RELATED DISBURSE8 MENTS. 

9 Title III of the Federal Election Campaign Act of 

10 1971 (2 U.S.C. 431 et seq.) is amended by inserting after 

11 section 316 the following new section: 

12 ‘‘SEC. 316A. PROHIBITING USE OF TARP ASSISTANCE FOR 

13 EXPENDITURES OR ELECTIONEERING COM14 MUNICATIONS. 

15 ‘‘No person may use any Federal funds that are re16 quired to be segregated under section 137(a) of the Emer17 gency Economic Stabilization Act of 2008 to make any 

18 expenditure or electioneering communication.’’. 

Æ 


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