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[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 3716 Introduced in Senate (IS)]

110th CONGRESS
  2d Session
                                S. 3716

 To amend the Emergency Economic Stabilization Act of 2008 (Public Law 
   110-343) to provide the Special Inspector General with additional 
            personnel, audit, and investigation authorities.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                           November 20, 2008

Mrs. McCaskill (for herself, Mr. Grassley, Ms. Collins, Mr. Lieberman, 
 and Mr. Bunning) introduced the following bill; which was read twice 
  and referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL

 
 To amend the Emergency Economic Stabilization Act of 2008 (Public Law 
   110-343) to provide the Special Inspector General with additional 
            personnel, audit, and investigation authorities.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Special Inspector General for the 
Troubled Asset Relief Program Act of 2008''.

SEC. 2. SPECIAL INSPECTOR GENERAL FOR THE TROUBLED ASSET RELIEF 
              PROGRAM.

    (a) Personnel Authorities.--Section 121(e)(1) of the Emergency 
Economic Stabilization Act of 2008 (Public Law 110-343) is amended--
            (1) by inserting ``(A)'' after ``(1)''; and
            (2) by adding at the end the following:
    ``(B)(i) Subject to clause (ii), the Special Inspector General may 
exercise the authorities of subsections (b) through (i) of section 3161 
of title 5, United States Code (without regard to subsection (a) of 
that section).
    ``(ii) In exercising the employment authorities under subsection 
(b) of section 3161 of title 5, United States Code, as provided under 
clause (i) of this subparagraph--
            ``(I) the Special Inspector General may not make any 
        appointment on and after the date occurring 6 months after the 
        date of enactment of the Special Inspector General for the 
        Troubled Asset Relief Program Act of 2008;
            ``(II) paragraph (2) of that subsection (relating to 
        periods of appointments) shall not apply; and
            ``(III) no period of appointment may exceed the date on 
        which the Office of the Special Inspector General terminates 
        under subsection (h).''.
    (b) Audit and Investigation Authorities.--Section 121 of the 
Emergency Economic Stabilization Act of 2008 (Public Law 110-343) is 
amended--
            (1) in subsection (c), by adding at the end the following:
            ``(4)(A) Except as provided under subparagraph (B) and in 
        addition to the duties specified in paragraphs (1), (2), and 
        (3), the Special Inspector General shall have the authority to 
        conduct, supervise, and coordinate an audit or investigation of 
        any action taken under this title as the Special Inspector 
        General determines appropriate.
            ``(B) Subparagraph (A) shall not apply to any action taken 
        under section 115, 116, 117, or 125.''; and
            (2) in subsection (d)(2), by striking ``subsection (c)(1)'' 
        and inserting ``subsection (c)(1) and (4)''.
                                 <all>
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