IIB 
111TH CONGRESS 
1ST SESSION H. R. 3179 
IN THE SENATE OF THE UNITED STATES 
SEPTEMBER 16, 2009 
Received; 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 require the Special Inspector General for the 
Troubled Asset Relief Program to include the effect of 
the Troubled Asset Relief Program on small businesses 
in the oversight, audits, and reports provided by the 
Special Inspector General, and for other purposes. 
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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 ‘‘SIG TARP Small Business 
Awareness Act of 2009’’. 
SEC. 2. FINDINGS. 
The Congress finds as follows: 
(1) Small businesses are going to be the driving 
force behind revitalizing our economy. 
(2) Small financial institutions are a primary fi-
nancial resource for small businesses. 
(3) In a hearing of the Committee on Financial 
Services of the House of Representatives, witnesses 
testified that smaller financial institutions are hav-
ing difficulty receiving funds from the Troubled 
Asset Relief Program. 
(4) In a hearing of the Committee on Financial 
Services of the House of Representatives, witnesses 
also testified that small businesses are having trou-
ble receiving credit and financial products from 
banks and other financial institutions. 
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SEC. 3. DUTIES OF THE SPECIAL INSPECTOR GENERAL FOR 
THE TROUBLED ASSET RELIEF PROGRAM RE-
LATING TO SMALL FINANCIAL INSTITUTIONS 
AND BUSINESSES. 
(a) IN GENERAL.—Section 121(c) of the Emergency 
Economic Stabilization Act of 2008 (12 U.S.C. 5231(c)) 
is amended by adding at the end the following new para-
graph: 
‘‘(5) EFFECTS OF PROGRAM ON SMALL FINAN-
CIAL INSTITUTIONS AND SMALL BUSINESSES.— 
‘‘(A) SMALL FINANCIAL INSTITUTIONS.— 
In conducting audits and providing oversight of 
the Troubled Asset Relief Program in accord-
ance with this section, the Special Inspector 
General shall examine how smaller financial in-
stitutions are being affected by— 
‘‘(i) expenditures under the Program 
(including the adequacy of financial assist-
ance provided to or on behalf of such 
smaller financial institutions); and 
‘‘(ii) the considerations and deter-
minations of— 
‘‘(I) the Secretary under this 
title; and 
‘‘(II) the regulators of such 
smaller financial institutions, with re-
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spect to capital adequacy and troubled 
assets. 
‘‘(B) SMALL BUSINESSES.—In conducting 
audits and providing oversight of the Troubled 
Asset Relief Program, the Special Inspector 
General shall examine the effects the provision 
of financial assistance under this title has had 
on small businesses, including both positive and 
negative effects and the extent of such effects 
on small businesses generally and by type and 
region. 
‘‘(C) REPORTS.—Any report prepared by 
the Special Inspector General under this section 
shall include the results of the activities of the 
Special Inspector General under paragraphs (1) 
and (2).’’. 
(b) REPORT ON INCLUSION AND UTILIZATION OF 
WOMEN AND MINORITIES.—Section 121(i) of the Emer-
gency Economic Stabilization Act of 2008 (12 U.S.C. 
5231(i)) is amended by adding at the end the following 
new paragraph: 
‘‘(6) REPORT ON INCLUSION AND UTILIZATION 
OF WOMEN AND MINORITIES.— 
‘‘(A) IN GENERAL.—The Special Inspector 
General shall include in each quarterly report to 
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the Congress under paragraph (1) information 
on the activities of the Secretary and any finan-
cial institutions receiving financial assistance 
under this title to include and utilize minorities 
(as such term is defined in section 1204(c) of 
the Financial Institutions Reform, Recovery, 
and Enforcement Act of 1989 (12 U.S.C. 1811 
note)) and women, and minority- and women- 
owned businesses (as such terms are defined in 
section 21A(r)(4) of the Federal Home Loan 
Bank Act), in any solicitation or contract, in-
cluding any contract to asset managers, 
servicers, property managers, and other service 
providers or expert consultants. 
‘‘(B) INFORMATION
TO
BE
INCLUDED.— 
The quarterly report shall include information 
on the levels of inclusion and utilization of 
women, minorities, and women- and minority- 
owned businesses, including the type of such 
contracts or solicitations, the dollar amount of 
such contracts or solicitations, the total number 
of such contracts or solicitations, and any other 
information on the activities of the Secretary 
and any financial institutions receiving financial 
assistance under this title to increase the par-
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ticipation of women, minorities ,and women- 
and minority-owned businesses including rec-
ommendations related to increasing such par-
ticipation.’’. 
Passed the House of Representatives September 15, 
2009. 
Attest: 
LORRAINE C. MILLER, 
Clerk. 
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