I 
111TH CONGRESS 
1ST SESSION H. R. 1650 
To enhance the oversight authority of the Comptroller General of the United 
States with respect to expenditures under the Troubled Asset Relief Program. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 19, 2009 
Mr. MEEK of Florida introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To enhance the oversight authority of the Comptroller Gen-
eral of the United States with respect to expenditures 
under the Troubled Asset Relief Program. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Troubled Asset Relief 
Program Enhancement Act’’. 
SEC. 2. ENHANCED OVERSIGHT OF THE TARP. 
(a) IN GENERAL.—Section 116 of the Emergency 
Economic Stabilization Act of 2008 (12 U.S.C. 5226) is 
amended— 
(1) in subsection (a)(1)(A)— 
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(A) in clause (iii), by striking ‘‘and’’ at the 
end; 
(B) in clause (iv), by striking the period at 
the end and inserting ‘‘; and’’; and 
(C) by adding at the end the following: 
‘‘(v) public accountability for the exer-
cise of such authority, including with re-
spect to actions taken by those entities 
participating 
in 
programs 
established 
under this Act.’’; and 
(2) in subsection (a)(2)— 
(A) by redesignating subparagraph (C) as 
subparagraph (E); and 
(B) by striking subparagraph (B) and in-
serting the following: 
‘‘(B) ACCESS TO RECORDS.— 
‘‘(i) IN
GENERAL.—Notwithstanding 
any other provision of law, and for pur-
poses of reviewing the performance of the 
Troubled Asset Relief Program, the Comp-
troller General shall have access, upon re-
quest, to any information, data, schedules, 
books, accounts, financial records, reports, 
files, electronic communications, or other 
papers, things, or property belonging to or 
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in use by the TARP, any entity established 
by the Secretary under this Act, or any en-
tity participating in a program established 
under the authority of this Act, and to the 
officers, employees, directors, independent 
public accountants, financial advisors and 
any and all other agents and representa-
tives thereof, at such time as the Comp-
troller General may request. 
‘‘(ii) 
VERIFICATION.—The 
Comp-
troller General shall be afforded full facili-
ties for verifying transactions with the bal-
ances or securities held by, among others, 
depositories, fiscal agents, and custodians. 
‘‘(iii) COPIES.—The Comptroller Gen-
eral may make and retain copies of such 
books, accounts, and other records as the 
Comptroller General deems appropriate. 
‘‘(C) AGREEMENT
BY
ENTITIES.—Each 
contract, term sheet, or other agreement be-
tween the Secretary or the TARP (or any 
TARP vehicle, officer, director, employee, inde-
pendent public accountant, financial advisor, or 
other TARP agent or representative) and an 
entity participating in a program established 
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under this Act shall provide for access by the 
Comptroller General in accordance with this 
section. 
‘‘(D) RESTRICTION
ON
PUBLIC
DISCLO-
SURE.— 
‘‘(i) IN
GENERAL.—The Comptroller 
General may not publicly disclose propri-
etary or trade secret information obtained 
under this section. 
‘‘(ii) 
EXCEPTION
FOR
CONGRES-
SIONAL COMMITTEES.—This subparagraph 
does not limit disclosures to congressional 
committees or members thereof having ju-
risdiction over any private or public entity 
participating in a program established 
under this Act. 
‘‘(iii) RULE
OF
CONSTRUCTION.— 
Nothing in this section shall be construed 
to alter or amend the prohibitions against 
the disclosure of trade secrets or other in-
formation prohibited by section 1905 of 
title 18, United States Code, or other ap-
plicable provisions of law.’’. 
(b) AUTHORIZATION OF APPROPRIATION.—There is 
authorized to be appropriated to the Comptroller General 
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of the United States for each of fiscal years 2010 and 
2011 an additional amount not to exceed $5,000,000 to 
cover any additional expenses incurred in carrying out the 
responsibilities of the Comptroller General under section 
116 of the Emergency Economic Stabilization Act of 2008 
with respect to the Troubled Asset Relief Program. 
Æ 
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