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H.R. 1761

BillFederalHouseIn Committee
Responsible Use of Taxpayer Help Act
About This Bill
Committee
Latest Action · March 26, 2009
Referred to the House Committee on Financial Services.
Congress
111th (2009–2011)
Introduced
March 26, 2009
Cosponsors (23)
23D 0R
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Summary

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Responsible Use of Taxpayer Help Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to prohibit a financial institution from using any assistance under the Troubled Asset Relief Program (TARP) to: (1) purchase or invest in any foreign asset or business; (2) transfer money to, or invest in, a foreign subsidiary of the financial institution; (3) pay any type of compensation to an employee of the financial institution unless such employee is a U.S. citizen or lawful permanent resident; or (4) make any other purchase, payment, transfer, or investment, the primary effect of which is to benefit a foreign entity.

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