H.R.3696 - To prohibit recipients of TARP assistance from funding ACORN, and for other purposes.111th Congress (2009-2010)
|Sponsor:||Rep. Bachus, Spencer [R-AL-6] (Introduced 10/01/2009)|
|Committees:||House - Financial Services|
|Latest Action:||10/01/2009 Referred to the House Committee on Financial Services.|
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Subject — Policy Area:
- Economics and Public Finance
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Summary: H.R.3696 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (10/01/2009)
Amends the Emergency Economic Stabilization Act of 2008 (EESA) to prohibit any entity in receipt of financial assistance under the Trouble Asset Relief Program (TARP) (or any other program enacted by the Secretary under EESA authorities) from providing any direct or indirect assistance to, funding, promoting, or in any way contributing to the activities of the Association of Community Organizations for Reform Now (ACORN) or an ACORN-related affiliate.
Exempts from this prohibition any entity that has repaid all outstanding amounts of TARP or related financial assistance.