I 
111TH CONGRESS 
1ST SESSION H. R. 1341 
To amend the Emergency Economic Stabilization Act of 2008 to provide 
the Special Inspector General with additional authorities and responsibil-
ities, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 5, 2009 
Mr. MOORE of Kansas (for himself, Mrs. BIGGERT, Mr. DRIEHAUS, and Mr. 
PAULSEN) introduced the following bill; which was referred to the Com-
mittee on Financial Services, and in addition to the Committee on Over-
sight and Government Reform, for a period to be subsequently deter-
mined by the Speaker, in each case for consideration of such provisions 
as fall within the jurisdiction of the committee concerned 
A BILL 
To amend the Emergency Economic Stabilization Act of 
2008 to provide the Special Inspector General with addi-
tional authorities and responsibilities, and for other pur-
poses. 
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 ‘‘Special Inspector Gen-
eral for the Troubled Asset Relief Program Act of 2009’’. 
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SEC. 2. AUDIT AND INVESTIGATION AUTHORITIES. 
Section 121 of the Emergency Economic Stabilization 
Act of 2008 (12 U.S.C. 5231) is amended— 
(1) in subsection (c), by adding at the end the 
following: 
‘‘(4)(A) Except as provided under subparagraph 
(B) and in addition to the duties specified in para-
graphs (1), (2), and (3), the Special Inspector Gen-
eral shall have the authority to conduct, supervise, 
and coordinate an audit or investigation of any ac-
tion taken under this title as the Special Inspector 
General determines appropriate. 
‘‘(B) Subparagraph (A) shall not apply to any 
action taken under section 115, 116, 117, or 125.’’; 
and 
(2) in subsection (d)— 
(A) in paragraph (2), by striking ‘‘sub-
section (c)(1)’’ and inserting ‘‘subsection (c)(1) 
and (4)’’; and 
(B) by adding at the end the following: 
‘‘(3) The Office of the Special Inspector Gen-
eral for the Troubled Asset Relief Program shall be 
treated as an office included under section 6(e)(3) of 
the Inspector General Act of 1978 (5 U.S.C. App.) 
relating to the exemption from the initial determina-
tion of eligibility by the Attorney General.’’. 
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SEC. 3. PERSONNEL AUTHORITIES. 
Section 121(e) of the Emergency Economic Stabiliza-
tion Act of 2008 (12 U.S.C. 5231(e)) is amended— 
(1) in paragraph (1)— 
(A) by inserting ‘‘(A)’’ after ‘‘(1)’’; and 
(B) by adding at the end the following: 
‘‘(B)(i) Subject to clause (ii), the Special Inspector 
General may exercise the authorities of subsections (b) 
through (i) of section 3161 of title 5, United States Code 
(without regard to subsection (a) of that section). 
‘‘(ii) In exercising the employment authorities under 
subsection (b) of section 3161 of title 5, United States 
Code, as provided under clause (i) of this subparagraph— 
‘‘(I) the Special Inspector General may not 
make any appointment on and after the date occur-
ring 6 months after the date of enactment of the 
Special Inspector General for the Troubled Asset 
Relief Program Act of 2009; 
‘‘(II) paragraph (2) of that subsection (relating 
to periods of appointments) shall not apply; and 
‘‘(III) no period of appointment may exceed the 
date on which the Office of the Special Inspector 
General terminates under subsection (k).’’; and 
(2) by adding at the end the following: 
‘‘(5)(A) Except as provided under subparagraph (B), 
if an annuitant receiving an annuity from the Civil Service 
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Retirement and Disability Fund becomes employed in a 
position within the Office of the Special Inspector General 
for the Troubled Asset Relief Program, his annuity shall 
continue. An annuitant so reemployed shall not be consid-
ered an employee for purposes of chapter 83 or 84 of title 
5, United States Code. 
‘‘(B) Subparagraph (A) shall apply to— 
‘‘(i) not more than 25 employees at any time as 
designated by the Special Inspector General; and 
‘‘(ii) pay periods beginning after the date of en-
actment of the Special Inspector General for the 
Troubled Asset Relief Program Act of 2009.’’. 
SEC. 4. RESPONSE TO AUDITS AND COOPERATION AND CO-
ORDINATION WITH OTHER ENTITIES. 
Section 121 of the Emergency Economic Stabilization 
Act of 2008 (12 U.S.C. 5231) is amended— 
(1) by redesignating subsections (f), (g), and 
(h) as subsections (i), (j), and (k), respectively; and 
(2) by inserting after subsection (e) the fol-
lowing: 
‘‘(f) CORRECTIVE RESPONSES
TO AUDIT PROB-
LEMS.—The Secretary shall— 
‘‘(1) take action to address deficiencies identified by 
a report or investigation of the Special Inspector General 
or other auditor engaged by the TARP; or 
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‘‘(2) certify to appropriate committees of Congress 
that no action is necessary or appropriate. 
‘‘(g) COOPERATION
AND
COORDINATION
WITH 
OTHER ENTITIES.—In carrying out the duties, respon-
sibilities, and authorities of the Special Inspector General 
under this section, the Special Inspector General shall 
work with each of the following entities, with a view to-
ward avoiding duplication of effort and ensuring com-
prehensive oversight of the Troubled Asset Relief Program 
through effective cooperation and coordination: 
‘‘(1) The Inspector General of the Department 
of Treasury. 
‘‘(2) The Inspector General of the Federal De-
posit Insurance Corporation. 
‘‘(3) The Inspector General of the Securities 
and Exchange Commission. 
‘‘(4) The Inspector General of the Federal Re-
serve Board. 
‘‘(5) The Inspector General of the Federal 
Housing Finance Board. 
‘‘(6) The Inspector General of any other entity 
as appropriate. 
‘‘(h) COUNCIL OF THE INSPECTORS GENERAL ON IN-
TEGRITY AND EFFICIENCY.—The Special Inspector Gen-
eral shall be a member of the Council of the Inspectors 
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General on Integrity and Efficiency established under sec-
tion 11 of the Inspector General Act of 1978 (5 U.S.C. 
App.) until the date of termination of the Office of the 
Special Inspector General for the Troubled Asset Relief 
Program.’’. 
SEC. 5. REPORTING REQUIREMENTS. 
Subsection (i) (as so redesignated by section 4) of 
section 121 of the Emergency Economic Stabilization Act 
of 2008 (12 U.S.C. 5231) is amended— 
(1) in paragraph (1), by striking the first sen-
tence and inserting ‘‘Not later than 60 days after 
the confirmation of the Special Inspector General, 
and not later than 30 days following the end of each 
fiscal quarter, the Special Inspector General shall 
submit to the appropriate committees of Congress a 
report summarizing the activities of the Special In-
spector General during that fiscal quarter.’’; 
(2) by redesignating paragraphs (2) and (3) as 
paragraphs (3) and (4), respectively; 
(3) by inserting after paragraph (1) the fol-
lowing: 
‘‘(2) Not later than September 1, 2009, the Special 
Inspector General shall submit a report to Congress as-
sessing use of any funds, to the extent practical, received 
by a financial institution under the TARP and make the 
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report available to the public, including posting the report 
on the home page of the website of the Special Inspector 
General within 24 hours after the submission of the re-
port.’’; and 
(4) by adding at the end the following: 
‘‘(5) Except as provided under paragraph (3), all re-
ports submitted under this subsection shall be available 
to the public.’’. 
SEC. 6. FUNDING OF THE OFFICE OF THE SPECIAL INSPEC-
TOR GENERAL. 
Subsection (j)(1) (as so redesignated by section 4) 
of section 121 of the Emergency Economic Stabilization 
Act of 2008 (12 U.S.C. 5231) is amended by inserting 
before the period at the end the following: ‘‘, not later 
than 7 days after the date of enactment of the Special 
Inspector General for the Troubled Asset Relief Program 
Act of 2009’’. 
SEC. 7. COUNCIL OF THE INSPECTORS GENERAL ON INTEG-
RITY AND EFFICIENCY. 
The Special Inspector General for Iraq Reconstruc-
tion and the Special Inspector General for Afghanistan 
Reconstruction shall be a members of the Council of the 
Inspectors General on Integrity and Efficiency established 
under section 11 of the Inspector General Act of 1978 
(5 U.S.C. App.) until the date of termination of the Office 
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of the Special Inspector General for Iraq Reconstruction 
and the Office of the Special Inspector General for Af-
ghanistan Reconstruction, respectively. 
Æ 
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