I 
111TH CONGRESS 
1ST SESSION H. R. 1095 
To prohibit any recipient of emergency Federal economic assistance from 
using such funds for lobbying expenditures or political contributions, 
to improve transparency, enhance accountability, encourage responsible 
corporate governance, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 13, 2009 
Mrs. MALONEY introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To prohibit any recipient of emergency Federal economic 
assistance from using such funds for lobbying expendi-
tures or political contributions, to improve transparency, 
enhance accountability, encourage responsible corporate 
governance, 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 ‘‘Troubled Asset Relief 
Program Transparency Reporting Act’’. 
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SEC. 2. PROHIBITION ON USE OF CERTAIN FEDERAL FUNDS 
FOR LOBBYING AND POLITICAL CONTRIBU-
TIONS. 
(a) DEFINITIONS.—In this Act, the following defini-
tions shall apply: 
(1) EMERGENCY ECONOMIC ASSISTANCE.—The 
term ‘‘emergency economic assistance’’ means any 
funds made available to any recipient under title I 
of the Emergency Economic Stabilization Act of 
2008 (Public Law 110–343) or section 13 of the 
Federal Reserve Act. 
(2) 
LOBBYING
EXPENDITURES.—The 
term 
‘‘lobbying expenditures’’ has the meaning given 
under section 4911(c)(1) of the Internal Revenue 
Code of 1986. 
(3) POLITICAL
CONTRIBUTIONS.—The term 
‘‘political contributions’’ means any contribution on 
behalf of a political candidate or to a separate seg-
regated fund described in section 316(b)(2)(C) of 
the Federal Election Campaign Act of 1971 (2 
U.S.C. 441b(b)(2)(C)). 
(b) PROHIBITION ON THE USE OF EMERGENCY ECO-
NOMIC ASSISTANCE.—Any recipient of emergency eco-
nomic assistance and any subsidiary thereof may not use 
such funds for lobbying expenditures or political contribu-
tions. 
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SEC. 3. GUIDELINES FOR THE USE OF FUNDS. 
(a) GUIDELINES.—Not later than 30 days after the 
date of the enactment of this Act, the Secretary of the 
Treasury, in consultation with the Comptroller General 
and the Financial Stability Oversight Board, shall develop 
and publish corporate governance principles and ethical 
guidelines for recipients of emergency economic assistance 
including restrictions governing— 
(1) the hosting, sponsorship, or payments for 
conferences and events; 
(2) the use of corporate aircraft, travel accom-
modations, and travel expenditures; 
(3) expenses relating to office or facility renova-
tions or relocations; and 
(4) expenses relating to entertainment, holiday 
parties, employee recognition events, or similar ancil-
lary corporate expenses. 
(b) INTERNAL REPORTING AND OVERSIGHT.—The 
Secretary of the Treasury shall publish suggested mecha-
nisms for addressing non-compliance with the guidelines 
developed pursuant to subsection (a) through enhanced in-
ternal reporting and oversight requirements. 
SEC. 4. REPORTING AND CERTIFICATION. 
(a) REPORT.—Each recipient of emergency economic 
assistance shall file with the Secretary of the Treasury on 
a quarterly basis— 
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(1) a detailed accounting of how emergency eco-
nomic assistance is being used, including an expla-
nation of how such funds have been allocated to sta-
bilize financial markets and increase the availability 
of credit to consumers and businesses; and 
(2) a certification that— 
(A) no emergency economic assistance is 
being used for lobbying expenditures of political 
contributions in violation of section 2(b); and 
(B) no emergency economic assistance is 
being used in violation of the guidelines issued 
by the Secretary of Treasury under section 
3(a). 
(b) PUBLIC AVAILABILITY.—Any report or certifi-
cation filed under this section shall be made publically 
available by Secretary of the Treasury on-line, and at no 
cost. 
SEC. 5. PENALTIES. 
(a) USE OF FUNDS.—Any person that violates sec-
tion 2(b) shall be subject to a civil fine of at least 
$100,000 per violation. 
(b) FUTURE FUNDING.—Any person that fails to 
comply with section 2(b) or the guidelines implemented 
under section 3 shall not be eligible to receive any future 
emergency economic assistance unless the Secretary of the 
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