I 
111TH CONGRESS 
1ST SESSION H. R. 4342 
To amend the Emergency Economic Stabilization Act of 2008 to terminate 
the Secretary of the Treasury’s authority under the Troubled Asset 
Relief Program, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 16, 2009 
Mr. MCCOTTER (for himself and Mr. BACHUS) introduced the following bill; 
which was referred to the Committee on Financial Services 
A BILL 
To amend the Emergency Economic Stabilization Act of 
2008 to terminate the Secretary of the Treasury’s au-
thority under the Troubled Asset Relief Program, and 
for other purposes. 
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 ‘‘The Taxpayers’ Assets 
Recoupment Act of 2009’’. 
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SEC. 2. TERMINATION OF THE SECRETARY OF THE TREAS-
URY’S AUTHORITY UNDER TARP. 
Section 120 of the Emergency Economic Stabilization 
Act of 2008 (12 U.S.C. 5230) is amended to read as fol-
lows: 
‘‘SEC. 120. TERMINATION OF SECRETARY’S AUTHORITY. 
‘‘Notwithstanding any other provision of law, the au-
thorities provided under section 101(a), excluding 
101(a)(3), and 102 shall terminate on the date of the en-
actment of this section.’’. 
SEC. 3. TARP REPAYMENTS AND PROFITS TO BE USED TO 
PAY DOWN THE NATIONAL DEBT. 
Title I of the Emergency Economic Stabilization Act 
of 2008 (12 U.S.C. 5211 et seq.) is amended by adding 
at the end the following new section: 
‘‘SEC. 137. TARP REPAYMENTS AND PROFITS TO BE USED 
TO PAY DOWN THE NATIONAL DEBT. 
‘‘Notwithstanding any other provision of law, all as-
sistance received under this title that is repaid on or after 
the date of the enactment of this section, along with any 
dividends, profits, or other funds paid to the Government 
based on such assistance on or after the date of the enact-
ment of this section, shall be deposited in the account es-
tablished under section 3113 of title 31, United States 
Code, to be used to pay down the national debt.’’. 
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SEC. 4. REPORTING BY TARP RECIPIENTS. 
Title I of the Emergency Economic Stabilization Act 
of 2008 (12 U.S.C. 5211 et seq.), as amended by section 
2, is further amended by adding at the end the following 
new section: 
‘‘SEC. 138. REPORTING BY TARP RECIPIENTS. 
‘‘(a) IN GENERAL.—Each financial institution receiv-
ing assistance under this title shall, not later than the end 
of the 6-month period beginning on the date of the enact-
ment of this section, and every 6 months thereafter while 
any of such assistance is outstanding, issue a report de-
scribing how such institution is using the assistance re-
ceived under this title. 
‘‘(b) PUBLIC AVAILABILITY OF REPORTS.—Each re-
port described under subsection (a) shall be made avail-
able to the public, including on the institution’s website.’’. 
Æ 
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