S.2787 - TARP Sunset Act of 2009111th Congress (2009-2010)
|Sponsor:||Sen. Thune, John [R-SD] (Introduced 11/17/2009)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||11/17/2009 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.|
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Subject — Policy Area:
- Economics and Public Finance
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Summary: S.2787 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in Senate (11/17/2009)
TARP Sunset Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to terminate, on December 31, 2009 (as under current law), the authority of the Secretary of the Treasury to implement the Troubled Asset Relief Program (TARP).
Repeals the Secretary's authority to extend the TARP program through October 3, 2010, upon submission of a written certification to Congress.