Text: H.R.3696 — 111th Congress (2009-2010)All Bill Information (Except Text)

There is one version of the bill.

Bill text available as:

Shown Here:
Introduced in House (10/01/2009)


Formatting necessary for an accurate reading of this legislative text may be shown by tags (e.g., <DELETED> or <BOLD>) or may be missing from this TXT display. For complete and accurate display of this text, see the PDF or HTML/XML.




[Congressional Bills 111th Congress]
[From the U.S. Government Printing Office]
[H.R. 3696 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 3696

 To prohibit recipients of TARP assistance from funding ACORN, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 1, 2009

 Mr. Bachus (for himself, Mr. Boehner, Mr. Hensarling, Mr. Garrett of 
   New Jersey, Mr. Jones, Mr. Lance, Mr. McCarthy of California, Mr. 
Royce, Mr. McCotter, Mr. Posey, Mr. King of New York, Mrs. Capito, Mr. 
Gerlach, Mrs. Biggert, Mr. Lee of New York, Mr. McHenry, Mrs. Bachmann, 
 Mr. Manzullo, Mr. Price of Georgia, Mr. Issa, and Mr. Smith of Texas) 
 introduced the following bill; which was referred to the Committee on 
                           Financial Services

_______________________________________________________________________

                                 A BILL


 
 To prohibit recipients of TARP assistance from funding ACORN, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PROHIBITION ON USE OF FUNDS: ACORN.

    Title I of the Emergency Economic Stabilization Act of 2008 (12 
U.S.C. 5211 et seq.) is amended by adding at the end the following:

``SEC. 137. PROHIBITION ON USE OF FUNDS: ACORN.

    ``(a) Prohibition.--
            ``(1) In general.--During the period that an entity is in 
        receipt of financial assistance under the TARP or any other 
        program enacted by the Secretary under the authorities granted 
        to the Secretary under this Act, such entity shall not provide 
        any assistance to, directly or indirectly, fund, promote, or in 
        any way contribute to the activities of ACORN or an ACORN-
        related affiliate.
            ``(2) Limitation.--The prohibition established in paragraph 
        (1) shall not apply to an entity that has repaid all 
        outstanding amounts of any financial assistance that such 
        entity received under the TARP or any other program enacted by 
        the Secretary under the authorities granted to the Secretary 
        under this Act.
    ``(b) Disclosure.--Not later than 30 days after the date of 
enactment of this section, each entity that has received financial 
assistance under the TARP or any other program enacted by the Secretary 
under the authorities granted to the Secretary under this Act, shall 
submit a report to the Secretary and to the appropriate committees of 
Congress detailing any assistance, whether direct or indirect, that 
such entity has provided to ACORN or an ACORN-related affiliate in the 
prior 12 months.
    ``(c) Definition.--For purposes of this section--
            ``(1) the term `ACORN' means the Association of Community 
        Organizations for Reform Now and any ACORN-related affiliate;
            ``(2) the term `ACORN-related affiliate' means any of the 
        following:
                    ``(A) Any State chapter of ACORN registered with 
                the Secretary of State's office in that State.
                    ``(B) Any organization that shares directors or 
                employees with ACORN.
                    ``(C) Any organization that has a financial stake, 
                directly or indirectly, in ACORN.
                    ``(D) Any organization whose finances, whether 
                federally funded, donor-funded, or raised through 
                organizational goods and services, are shared or 
                controlled, directly or indirectly, by ACORN.''.
                                 <all>