I 

111TH CONGRESS 

1ST SESSION H. R. 3179 

To amend the Emergency Economic Stabilization Act of 2008 to require 

the Special Inspector General for the Troubled Asset Relief Program 

to include the effect of the Troubled Asset Relief Program on small 

businesses in the oversight, audits, and reports provided by the Special 

Inspector General, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 10, 2009 

Mr. PAULSEN introduced the following bill; which was referred to the 

Committee on Financial Services 

A BILL 

To amend the Emergency Economic Stabilization Act of 

2008 to require the Special Inspector General for the 

Troubled Asset Relief Program to include the effect of 

the Troubled Asset Relief Program on small businesses 

in the oversight, audits, and reports provided by the 

Special Inspector General, 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. SHORT TITLE. 

4 This Act may be cited as ‘‘SIG TARP Small Business 

5 Awareness Act of 2009’’. 


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1 SEC. 2. FINDINGS. 

2 The Congress finds as follows: 

3 (1) Small businesses are going to be the driving 

4 force behind revitalizing our economy. 

5 (2) Small financial institutions are a primary fi6 nancial resource for small businesses. 

7 (3) In a hearing of the Committee on Financial 

8 Services of the House of Representatives, witnesses 

9 testified that smaller financial institutions are hav10 ing difficulty receiving funds from the Troubled 

11 Asset Relief Program. 

12 (4) In a hearing of the Committee on Financial 

13 Services of the House of Representatives, witnesses 

14 also testified that small businesses are having trou15 ble receiving credit and financial products from 

16 banks and other financial institutions. 

17 SEC. 3. DUTIES OF THE SPECIAL INSPECTOR GENERAL FOR 

18 THE TROUBLED ASSET RELIEF PROGRAM RE19 LATING TO SMALL FINANCIAL INSTITUTIONS 

20 AND BUSINESSES. 

21 Section 121(c) of the Emergency Economic Stabiliza22 tion Act of 2008 (12 U.S.C. 5231(c)) is amended by add23 ing at the end the following new paragraph: 

24 ‘‘(4) EFFECTS OF PROGRAM ON SMALL FINAN25 CIAL INSTITUTIONS AND SMALL BUSINESSES.— 


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1 ‘‘(A) SMALL FINANCIAL INSTITUTIONS.— 

2 In conducting audits and providing oversight of 

3 the Troubled Asset Relief Program in accord4 ance with this section, the Special Inspector 

5 General shall examine how smaller financial in6 stitutions are being affected by— 

7 ‘‘(i) expenditures under the Program 

8 (including the adequacy of financial assist9 ance provided to or on behalf of such 

10 smaller financial institutions); and 

11 ‘‘(ii) the considerations and deter12 minations of— 

13 ‘‘(I) the Secretary under this 

14 title; and 

15 ‘‘(II) the regulators of such 

16 smaller financial institutions, with re17 spect to capital adequacy and troubled 

18 assets. 

19 ‘‘(B) SMALL BUSINESSES.—In conducting 

20 audits and providing oversight of the Troubled 

21 Asset Relief Program, the Special Inspector 

22 General shall examine the effects the provision 

23 of financial assistance under this title has had 

24 on small businesses, including both positive and 

25 negative effects and the extent of such effects 


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1 on small businesses generally and by type and 

2 region. 

3 ‘‘(C) REPORTS.—Any report prepared by 

4 the Special Inspector General under this section 

5 shall include the results of the activities of the 

6 Special Inspector General under paragraphs (1) 

7 and (2).’’. 

Æ 


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