I 
111TH CONGRESS 
1ST SESSION H. R. 1472 
To establish reporting requirements each time funds from Troubled Assets 
Relief Program or the American Recovery and Reinvestment Act of 
2009 are received or redistributed, and to establish a waste, fraud, 
and abuse hotline for such funds, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 12, 2009 
Mrs. BLACKBURN (for herself, Mr. HUNTER, Mr. GOHMERT, Mr. KLINE of 
Minnesota, Mr. CHAFFETZ, Mr. LAMBORN, Mr. CONAWAY, Mr. GINGREY 
of Georgia, Mr. CULBERSON, Mr. MANZULLO, Mr. SMITH of Texas, Mr. 
AKIN, Mr. WAMP, Mr. LATTA, Ms. FALLIN, Mr. BISHOP of Utah, Mr. 
OLSON, Mr. MCCLINTOCK, Mr. FLEMING, Mr. PITTS, Mr. BARTLETT, 
Mr. SHADEGG, Mr. FRANKS of Arizona, and Mr. BURTON of Indiana) in-
troduced the following bill; which was referred to the Committee on Fi-
nancial Services, and in addition to the Committee on Oversight and Gov-
ernment Reform, 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 establish reporting requirements each time funds from 
Troubled Assets Relief Program or the American Recov-
ery and Reinvestment Act of 2009 are received or redis-
tributed, and to establish a waste, fraud, and abuse 
hotline for such funds, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘TARP and ARRA Re-
porting and Waste Prevention Act’’. 
SEC. 2. REPORTING REQUIREMENT. 
(a) IN GENERAL.—Every public or private entity 
shall, no later than 30 days after receiving or redistrib-
uting any funds distributed under title I of the Emergency 
Economic Stabilization Act of 2008 or the American Re-
covery and Reinvestment Act of 2009, submit a report to 
the Secretary of the Treasury detailing such receipt or re-
distribution. 
(b) REPORT DETAILS.—Each report required by sub-
section (a) shall include, with respect to the funds received 
or redistributed, and to the extent the information is avail-
able— 
(1) the amount of such funds; 
(2) for funds being redistributed, the public or 
private entity receiving such funds; 
(3) the specific provision or provisions of title I 
of the Emergency Economic Stabilization Act of 
2008 or the American Recovery and Reinvestment 
Act of 2009 under which such funds were author-
ized; 
(4) the specific purpose for which such funds 
are being received or redistributed, including— 
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(A) what geographic area such funds are 
intended for; and 
(B) the specific details on how such funds 
will be used; 
(5) copies of any contracts entered into by the 
public or private entity for projects or services that 
will be funded in whole or in part by such funds; 
and 
(6) such other information as the Secretary of 
the Treasury may require. 
(c) SEPARATE REPORT ON CONTRACTS.—Any public 
or private entity that enters into a contract described in 
subsection (b)(5) shall, no later than 30 days after the 
date such contract is entered into, and every 30 days 
thereafter until all performance under the contract has 
been completed, submit a report to the Secretary of the 
Treasury detailing— 
(1) the amount of funds distributed under title 
I of the Emergency Economic Stabilization Act of 
2008 or the American Recovery and Reinvestment 
Act of 2009 that have been expended by such public 
or private entity in furtherance of the contract; 
(2) the specific details of how such funds were 
expended and how such expenditures furthered the 
fulfillment of the contract terms; 
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(3) how many jobs were created by the expendi-
ture of such funds and the average cost to the public 
or private entity of creating such jobs; and 
(4) in which geographic areas such funds were 
expended. 
(d) TREATMENT OF COMMINGLED FUNDS.—For pur-
poses of this section, any funds that are commingled with 
funds distributed under title I of the Emergency Economic 
Stabilization Act of 2008 or the American Recovery and 
Reinvestment Act of 2009, such that the source of any 
particular funds within the commingled funds cannot be 
identified, shall be treated as funds distributed under title 
I of the Emergency Economic Stabilization Act of 2008 
or the American Recovery and Reinvestment Act of 2009. 
(e) REGULATIONS.—A report required under sub-
section (a) shall be made in such manner and form as 
the Secretary of the Treasury may prescribe by regulation. 
Such regulation shall be issued no later than 30 days after 
the date of the enactment of this Act. 
(f) NO REPORTING FOR CERTAIN TAX BENEFITS.— 
No report shall be required under subsection (a) for funds 
received by a public or private entity under any provision 
of title I of division B of the American Recovery and Rein-
vestment Act of 2009. 
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(g) REQUIREMENT FOR GIVING NOTICE WHEN RE-
DISTRIBUTING FUNDS.—Any public or private entity that 
redistributes any funds distributed under title I of the 
Emergency Economic Stabilization Act of 2008 or the 
American Recovery and Reinvestment Act of 2009 to an-
other public or private entity must give such public or pri-
vate entity notice— 
(1) that such funds are a redistribution of 
funds distributed under title I of the Emergency 
Economic Stabilization Act of 2008 or the American 
Recovery and Reinvestment Act of 2009; and 
(2) that such public or private entity may be re-
quired to submit a report upon the receipt or redis-
tribution of such funds pursuant to section 2(a) of 
the TARP and ARRA Reporting and Waste Preven-
tion Act. 
(h) PENALTY FOR NON-COMPLIANCE BY A PRIVATE 
ENTITY.— 
(1) IN GENERAL.—A private entity that fails to 
submit a report required under subsection (a) may 
not enter into any contract to provide property or 
services to any Federal agency or department, and 
may not receive any grants, loans, or other funds 
from any Federal agency or department, if— 
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(A) the failure to submit such report was 
intentional; and 
(B) The heads of the private entity knew, 
within the 30-day window for submitting such 
report, that such report was required to be sub-
mitted under this section. 
(2) HEADS
OF
THE
PRIVATE
ENTITY
DE-
FINED.—For purposes of this subsection, the term 
‘‘heads of the private entity’’ means, if applicable— 
(A) the board of directors of the private 
entity; 
(B) the officers of the private entity; and 
(C) the partners of the private entity. 
(i) DEFINITIONS.—For purposes of this section: 
(1) PUBLIC
OR
PRIVATE
ENTITY.—The term 
‘‘public or private entity’’ means— 
(A) any Federal agency or department; 
(B) any agency or department of a State 
government; 
(C) any agency or department of a political 
subdivision of a State; and 
(D) any private entity, other than an indi-
vidual. 
(2) REDISTRIBUTED.—With respect to funds 
distributed under title I of the Emergency Economic 
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Stabilization Act of 2008 or the American Recovery 
and Reinvestment Act of 2009, the term ‘‘redistrib-
uted’’ means the distribution of such funds by a 
public or private entity to another public or private 
entity. Notwithstanding the previous sentence, the 
term ‘‘redistribution’’ shall not include— 
(A) distributions made to purchase equip-
ment or other supplies; or 
(B) distributions made for services that 
are merely incidental to the purchase of equip-
ment or other supplies. 
(j) EFFECTIVE DATE.—This section shall take effect, 
with respect to the reporting requirement of subsections 
(a) and (c), 60 days after the date of the enactment of 
this Act. 
SEC. 3. FEDERAL DATABASE. 
(a) ESTABLISHMENT.—The Secretary of the Treas-
ury shall establish a database to hold all information re-
ported to the Secretary under section 2. 
(b) AVAILABILITY.—The Secretary shall, in coordina-
tion with the Recovery Accountability and Transparency 
Board, make the information in the database available to 
the public on the website recovery.gov, and in a manner 
that allows members of the public to easily access such 
information. 
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