Separate Taxpayer Dollars from the Election Process Act of 2010 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require a financial institution receiving federal funds in connection with assistance under the Troubled Asset Relief Program (TARP) to: (1) transfer an amount equal to the total unexpended amount of any such funds received before enactment of this Act into a separate, segregated account and maintain them in the segregated account until they are expended; and (2) deposit any such funds received after enactment of this Act in a separate, segregated account and maintain them in the segregated account until they are expended.
Amends the Federal Election Campaign Act of 1971 to prohibit the use of federal funds for any expenditure or electioneering communication if such funds are required to be segregated under this Act.
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