IIB 
111TH CONGRESS 
1ST SESSION H. R. 1242 
IN THE SENATE OF THE UNITED STATES 
DECEMBER 3, 2009 
Received 
DECEMBER 23, 2009 
Read twice and referred to the Committee on Banking, Housing, and Urban 
Affairs 
AN ACT 
To amend the Emergency Economic Stabilization Act of 
2008 to provide for additional monitoring and account-
ability of 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, 
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SECTION 1. ADDITIONAL MONITORING AND ACCOUNT-
ABILITY FOR THE TROUBLED ASSET RELIEF 
PROGRAM. 
Section 114 of the Emergency Economic Stabilization 
Act of 2008 (12 U.S.C. 5224) is amended by adding at 
the end the following new subsection: 
‘‘(c) ADDITIONAL
MONITORING
AND
ACCOUNT-
ABILITY.— 
‘‘(1) ELECTRONIC DATABASE.— 
‘‘(A) IN
GENERAL.—The Secretary shall 
establish an electronic database to monitor the 
use of funds distributed under this title. 
‘‘(B) SOURCES
OF
DATA.—The database 
established under subparagraph (A) shall in-
clude data from the following sources, to the ex-
tent such data is available, usable, and relevant 
to determining the effectiveness of the Troubled 
Asset Relief Program: 
‘‘(i) Regulatory data from any govern-
ment source. 
‘‘(ii) Filing data from any government 
agency receiving regular and structured fil-
ings. 
‘‘(iii) Public records. 
‘‘(iv) News filings, press releases, and 
other forms of publicly available data. 
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‘‘(v) Data collected under subpara-
graph (C)(v). 
‘‘(vi) All other information that is re-
quired to be reported under this title by in-
stitutions receiving financial assistance or 
procurement contracts under this title. 
‘‘(C) ADMINISTRATION AND USE OF DATA-
BASE.—The Secretary shall— 
‘‘(i) ensure that the database uses ac-
curate data structures and taxonomies to 
allow for easy cross-referencing, compiling, 
and reporting of numerous data elements; 
‘‘(ii) ensure that the database pro-
vides for filtering of data content to allow 
users to screen for the events most rel-
evant to identifying waste, fraud, and 
abuse, such as management changes and 
material corporate events; 
‘‘(iii) ensure that the database pro-
vides geospatial analysis capabilities; 
‘‘(iv) make the database available to 
the Comptroller General of the United 
States and to the Special Inspector Gen-
eral and the Congressional Oversight Panel 
established under sections 121 and 125, 
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respectively, to provide them with access to 
current information on the status of the 
funds distributed under this title, including 
funds distributed through procurement 
contracts; 
‘‘(v) collect from each Federal agency 
on at least a daily basis all data that is rel-
evant to determining the effectiveness of 
the Troubled Asset Relief Program in 
stimulating prudent lending and strength-
ening bank capital, including regulatory fil-
ings and data generated by the use of in-
ternal models, financial models, and ana-
lytics; and 
‘‘(vi) compare the data in the data-
base with other appropriate data to iden-
tify activities inconsistent with the goals of 
this title. 
‘‘(2) MEETING TARP GOALS.— 
‘‘(A) DETERMINATION
BY
SECRETARY; 
RECOMMENDATIONS.—If the Secretary deter-
mines that a recipient’s use of funds distributed 
under this title is not meeting the goals of this 
title, the Secretary shall, in coordination with 
the appropriate Federal agencies, develop rec-
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