S.1710 - A bill to prohibit recipients of TARP assistance from funding ACORN, and for other purposes.111th Congress (2009-2010)
|Sponsor:||Sen. Vitter, David [R-LA] (Introduced 09/24/2009)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||09/24/2009 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
This bill has the status Introduced
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Summary: S.1710 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in Senate (09/24/2009)
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.