IV 
111TH CONGRESS 
1ST SESSION 
H. RES. 94 
Urging the Secretary of the Treasury to take certain actions under the 
Emergency Economic Stabilization Act of 2008 to protect the interests 
of the taxpayer, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 27, 2009 
Mr. HALL of New York (for himself, Mr. WELCH, Ms. KAPTUR, Mr. ARCURI, 
Mr. HIGGINS, Mr. ROTHMAN of New Jersey, Mr. BURTON of Indiana, 
Ms. HIRONO, Ms. LINDA T. SA´NCHEZ of California, Ms. BALDWIN, and 
Ms. LORETTA SANCHEZ of California) submitted the following resolution; 
which was referred to the Committee on Financial Services 
RESOLUTION 
Urging the Secretary of the Treasury to take certain actions 
under the Emergency Economic Stabilization Act of 
2008 to protect the interests of the taxpayer, and for 
other purposes. 
Whereas Congress passed the Troubled Assets Relief Pro-
gram in October, 2008, with the intent to prevent a col-
lapse of the credit markets; 
Whereas 
since 
the 
approval 
of 
TARP 
more 
than 
$350,000,000,000 has been spent without sufficient over-
sight or taxpayer protections; 
VerDate Nov 24 2008 
05:19 Jan 28, 2009
Jkt 079200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6300
E:\BILLS\HR94.IH
HR94
wwoods2 on PRODPC68 with BILLS
•HRES 94 IH 
Whereas the national unemployment rate is the highest it has 
been for 16 years and the national foreclosure rate is the 
highest is has been in 3 decades; 
Whereas 
Citigroup 
alone 
has 
received 
at 
least 
$45,000,000,000 in taxpayer funding through the TARP 
funds; 
Whereas Citigroup has recently purchased a $50,000,000 for-
eign-built, luxury corporate jet, despite the fact that the 
company’s continued survival has been dependent on the 
American taxpayer for the last several months; 
Whereas in these difficult times it is unfathomable to imagine 
that taxpayer dollars are being used to buy a high-end 
corporate jet; 
Whereas the previous Secretary of the Treasury has failed to 
prevent TARP recipients like Citigroup from spending 
money contrary to congressional intent; and 
Whereas under TARP, the Secretary of the Treasury alone 
has the authority to restrict who may receive money 
under the program and what a company may do with the 
money once they receive it: Now, therefore, be it 
Resolved, That the House of Representatives— 
(1) strongly urges the Secretary of the Treas-
ury to halt the purchase of a luxury corporate jet by 
Citigroup or require Citigroup to reimburse the 
Treasury for its cost; 
(2) strongly urges the Secretary of the Treas-
ury to use his authority under Emergency Economic 
Stabilization Act of 2008 to require TARP recipi-
ents to spend the taxpayers’ money to help home-
VerDate Nov 24 2008 
05:19 Jan 28, 2009
Jkt 079200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\HR94.IH
HR94
wwoods2 on PRODPC68 with BILLS
•HRES 94 IH 
owners, small businesses, and others hurt by the re-
cession; and 
(3) strongly urges the Secretary of the Treas-
ury to place further restrictions on TARP recipients 
to limit executive compensation, golden parachutes, 
and unnecessary corporate perks like private planes, 
spa vacations, bonuses, rugs, and newly renovated 
offices. 
Æ 
VerDate Nov 24 2008 
05:19 Jan 28, 2009
Jkt 079200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6301
E:\BILLS\HR94.IH
HR94
wwoods2 on PRODPC68 with BILLS