(3) have a fiduciary duty to the American tax-
payer for the maximization of the return on the in-
vestment of the taxpayer made under the Emergency 
Economic Stabilization Act of 2008, in the same 
manner and to the same extent that any director of 
an issuer of securities has with respect to its share-
holders under the securities laws and all applications 
of State law. 
(d) LIQUIDATION.— 
(1) IN GENERAL.—The trustees shall liquidate 
the trust established under this section, including 
the assets held by such trust, not later than Decem-
ber 24, 2011, unless— 
(A) the trustees submit a report to the 
Congress that liquidation would not maximize 
the profitability of the company and the return 
on investment to the taxpayer; and 
(B) within 15 calendar days after the date 
on which the Congress receives such report, 
there is enacted into law a joint resolution de-
scribed in paragraph (2). 
(2) CONTENTS
OF
JOINT
RESOLUTION.—For 
purposes of this subsection, the term ‘‘joint resolu-
tion’’ means only a joint resolution— 
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(A) that is introduced not later than 3 cal-
endar days after the date on which the report 
referred to in paragraph (1)(A) is received by 
the Congress; 
(B) which does not have a preamble; 
(C) the title of which is as follows: ‘‘Joint 
resolution relating to the approval of the con-
tinuation of the TARP management trust’’; and 
(D) the matter after the resolving clause of 
which is as follows: ‘‘That Congress approves 
the continuation of the TARP management 
trust established under the TARP Recipient 
Ownership Trust Act of 2009.’’. 
(3) FAST TRACK CONSIDERATION IN HOUSE OF 
REPRESENTATIVES.— 
(A) RECONVENING.—Upon receipt of a re-
port under paragraph (1)(A), the Speaker, if 
the House would otherwise be adjourned, shall 
notify the Members of the House that, pursuant 
to this subsection, the House shall convene not 
later than the second calendar day after receipt 
of such report. 
(B) REPORTING
AND
DISCHARGE.—Any 
committee of the House of Representatives to 
which a joint resolution is referred shall report 
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it to the House not later than 5 calendar days 
after the date of receipt of the report described 
in paragraph (1)(A). If a committee fails to re-
port the joint resolution within that period, the 
committee shall be discharged from further con-
sideration of the joint resolution and the joint 
resolution shall be referred to the appropriate 
calendar. 
(C) PROCEEDING
TO
CONSIDERATION.— 
After each committee authorized to consider a 
joint resolution reports it to the House or has 
been discharged from its consideration, it shall 
be in order, not later than the sixth day after 
Congress receives the report described in para-
graph (1)(A), to move to proceed to consider 
the joint resolution in the House. All points of 
order against the motion are waived. Such a 
motion shall not be in order after the House 
has disposed of a motion to proceed on the joint 
resolution. The previous question shall be con-
sidered as ordered on the motion to its adoption 
without intervening motion. The motion shall 
not be debatable. A motion to reconsider the 
vote by which the motion is disposed of shall 
not be in order. 
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(D) CONSIDERATION.—The joint resolu-
tion shall be considered as read. All points of 
order against the joint resolution and against 
its consideration are waived. The previous ques-
tion shall be considered as ordered on the joint 
resolution to its passage without intervening 
motion except two hours of debate equally di-
vided and controlled by the proponent and an 
opponent. A motion to reconsider the vote on 
passage of the joint resolution shall not be in 
order. 
(4) FAST TRACK CONSIDERATION IN SENATE.— 
(A) RECONVENING.—Upon receipt of a re-
port under paragraph (1)(A), if the Senate has 
adjourned or recessed for more than 2 days, the 
majority leader of the Senate, after consultation 
with the minority leader of the Senate, shall no-
tify the Members of the Senate that, pursuant 
to this subsection, the Senate shall convene not 
later than the second calendar day after receipt 
of such message. 
(B) PLACEMENT ON CALENDAR.—Upon in-
troduction in the Senate, the joint resolution 
shall be placed immediately on the calendar. 
(C) FLOOR CONSIDERATION.— 
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(i) IN
GENERAL.—Notwithstanding 
Rule XXII of the Standing Rules of the 
Senate, it is in order at any time during 
the period beginning on the 4th day after 
the date on which Congress receives a re-
port of the plan of the Secretary described 
in paragraph (1)(A) and ending on the 6th 
day after the date on which Congress re-
ceives a report of the plan of the Secretary 
described 
in 
paragraph 
(1)(A) 
(even 
though a previous motion to the same ef-
fect has been disagreed to) to move to pro-
ceed to the consideration of the joint reso-
lution, and all points of order against the 
joint resolution (and against consideration 
of the joint resolution) are waived. The 
motion to proceed is not debatable. The 
motion is not subject to a motion to post-
pone. A motion to reconsider the vote by 
which the motion is agreed to or disagreed 
to shall not be in order. If a motion to pro-
ceed to the consideration of the resolution 
is agreed to, the joint resolution shall re-
main the unfinished business until dis-
posed of. 
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(ii) DEBATE.—Debate on the joint 
resolution, and on all debatable motions 
and appeals in connection therewith, shall 
be limited to not more than 10 hours, 
which shall be divided equally between the 
majority and minority leaders or their des-
ignees. A motion further to limit debate is 
in order and not debatable. An amendment 
to, or a motion to postpone, or a motion to 
proceed to the consideration of other busi-
ness, or a motion to recommit the joint 
resolution is not in order. 
(iii) VOTE ON PASSAGE.—The vote on 
passage shall occur immediately following 
the conclusion of the debate on a joint res-
olution, and a single quorum call at the 
conclusion of the debate if requested in ac-
cordance with the rules of the Senate. 
(iv) RULINGS OF THE CHAIR ON PRO-
CEDURE.—Appeals from the decisions of 
the Chair relating to the application of the 
rules of the Senate, as the case may be, to 
the procedure relating to a joint resolution 
shall be decided without debate. 
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(5) RULES RELATING TO SENATE AND HOUSE 
OF REPRESENTATIVES.— 
(A) COORDINATION
WITH
ACTION
BY 
OTHER HOUSE.—If, before the passage by one 
House of a joint resolution of that House, that 
House receives from the other House a joint 
resolution, then the following procedures shall 
apply: 
(i) The joint resolution of the other 
House shall not be referred to a com-
mittee. 
(ii) With respect to a joint resolution 
of the House receiving the resolution— 
(I) the procedure in that House 
shall be the same as if no joint resolu-
tion had been received from the other 
House; but 
(II) the vote on passage shall be 
on the joint resolution of the other 
House. 
(B) TREATMENT
OF
JOINT
RESOLUTION 
OF OTHER HOUSE.—If one House fails to intro-
duce or consider a joint resolution under this 
subsection, the joint resolution of the other 
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House shall be entitled to expedited floor proce-
dures under this subsection. 
(C) TREATMENT
OF
COMPANION
MEAS-
URES.—If, following passage of the joint resolu-
tion in the Senate, the Senate then receives the 
companion measure from the House of Rep-
resentatives, the companion measure shall not 
be debatable. 
(D) CONSIDERATION AFTER PASSAGE.— 
(i) IN GENERAL.—If Congress passes 
a joint resolution, the period beginning on 
the date the President is presented with 
the joint resolution and ending on the date 
the President takes action with respect to 
the joint resolution shall be disregarded in 
computing the 15-calendar day period de-
scribed in paragraph (1)(A). 
(ii) VETOES.—If the President vetoes 
the joint resolution— 
(I) the period beginning on the 
date the President vetoes the joint 
resolution and ending on the date the 
Congress receives the veto message 
with respect to the joint resolution 
shall be disregarded in computing the 
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15-calendar day period described in 
paragraph (1)(A); and 
(II) debate on a veto message in 
the Senate under this subsection shall 
be 1 hour equally divided between the 
majority and minority leaders or their 
designees. 
(E) RULES OF HOUSE OF REPRESENTA-
TIVES
AND
SENATE.—This paragraph, and 
paragraphs (2), (3), and (4) are enacted by 
Congress— 
(i) as an exercise of the rulemaking 
power of the Senate and House of Rep-
resentatives, respectively, and as such it is 
deemed a part of the rules of each House, 
respectively, but applicable only with re-
spect to the procedure to be followed in 
that House in the case of a joint resolu-
tion, and it supersedes other rules only to 
the extent that it is inconsistent with such 
rules; and 
(ii) with full recognition of the con-
stitutional right of either House to change 
the rules (so far as relating to the proce-
dure of that House) at any time, in the 
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same manner, and to the same extent as in 
the case of any other rule of that House. 
SEC. 4. DEFINITIONS. 
As used in this Act— 
(1) the term ‘‘designated TARP recipient’’ 
means any entity that has received, or will receive, 
financial assistance under the Troubled Asset Relief 
Program or any other provision of the Emergency 
Economic Stabilization Act of 2008 (Public Law 
110–343), such that the Federal Government holds 
or controls, or will hold or control at a future date, 
not less than a 15 percent ownership stake in the 
company as a result of such assistance; 
(2) the term ‘‘Secretary’’ means the Secretary 
of the Treasury or the designee of the Secretary; 
and 
(3) the terms ‘‘director’’, ‘‘issuer’’, ‘‘securities’’, 
and ‘‘securities laws’’ have the same meanings as in 
section 3 of the Securities Exchange Act of 1934 
(15 U.S.C. 78c). 
Æ 
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