SIG TARP Small Business Awareness Act of 2009

Bill: 111-hr-3179
Sponsor: Rep. Paulsen, Erik [R-MN-3]
Introduced: 2009-07-10 in the House
Policy area: Finance and Financial Sector
Subjects: Bank accounts, deposits, capital
Business investment and capital
Corporate finance and management
Financial crises and stabilization
Government studies and investigations
Small business

Summary:
action_date: 2009-07-10
text: 
 SIG TARP Small Business Awareness Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to instruct the Special Inspector General (SIG) for the Troubled Asset Relief Program (TARP) to examine how smaller financial institutions are being affected by: (1) expenditures under TARP (especially the adequacy of financial assistance); (2) the considerations and determinations of the Secretary of the Treasury and the regulators of such smaller financial institutions regarding capital adequacy and troubled assets; and (3) the effects that TARP financial assistance has had upon small businesses, including by type and by region.

action_date: 2009-09-15
text: 
SIG TARP Small Business Awareness Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Special Inspector General (SIG) for the Troubled Asset Relief Program (TARP) to examine how smaller financial institutions are being affected by: (1) expenditures under TARP (especially the adequacy of financial assistance); (2) the considerations and determinations of the Secretary of the Treasury (Secretary) and the regulators of such smaller financial institutions regarding capital adequacy and troubled assets; and (3) the effects that TARP financial assistance has had upon small businesses, including by type and by region.
 
Instructs the SIG to include, in quarterly reports to Congress, information on actions by the Secretary and any financial institutions receiving TARP assistance to include and utilize minorities and women, and minority- and women-owned businesses, in any solicitation or contract.
 
Requires such reports to include information on: (1) the levels of inclusion and utilization of women, minorities, and women- and minority-owned businesses; (2) the type of such contracts or solicitations, their dollar amounts, and the total number of them; and (5) any other activities to increase the participation of women, minorities, and women- and minority-owned businesses, including recommendations.


Legislative actions:
action_date: 2009-09-16
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2009-09-15
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2009-09-15
text: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H9528)
action_date: 2009-09-15
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H9528)
action_date: 2009-09-15
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 3179.
action_date: 2009-09-15
text: Considered under suspension of the rules. (consideration: CR H9527-9529)
action_date: 2009-09-15
text: Mr. Moore (KS) moved to suspend the rules and pass the bill, as amended.
action_date: 2009-07-10
text: Referred to the House Committee on Financial Services.
action_date: 2009-07-10
text: Introduced in House
action_date: 2009-07-10
text: Introduced in House