To amend the Emergency Economic Stabilization Act of 2008 to ensure that recipients of assistance under the Troubled Asset Relief Program repay such assistance only if they would remain well capitalized after such repayment.
About This Bill
Committee
Latest Action · June 16, 2009
Referred to the House Committee on Financial Services.
Amends the Emergency Economic Stabilization Act of 2008 (EESA) to allow recipients of Troubled Asset Relief Program (TARP) funds to repay such funds if they will be well capitalized after such repayment, as determined by the federal banking agency having supervisory authority over such recipients.
Eliminates the requirement that the Secretary of the Treasury liquidate warrants associated with repaid TARP funds at the current market price.
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