Responsible Use of Taxpayer Help Act
Latest action · Mar 26, 2009 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 26, 2009
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Responsible Use of Taxpayer Help Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to prohibit a financial institution from using any assistance under the Troubled Asset Relief Program (TARP) to: (1) purchase or invest in any foreign asset or business; (2) transfer money to, or invest in, a foreign subsidiary of the financial institution; (3) pay any type of compensation to an employee of the financial institution unless such employee is a U.S. citizen or lawful permanent resident; or (4) make any other purchase, payment, transfer, or investment, the primary effect of which is to benefit a foreign entity.
Cosponsors 23
Members who signed on, in the order they did. Signatures ran from Mar 26, 2009 to Jul 15, 2009; 12 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MI | Bart Stupak | Original | Mar 26, 2009 |
| D-OH | Betty Sutton | Original | Mar 26, 2009 |
| D-NH | Carol Shea-Porter | Original | Mar 26, 2009 |
| D-MI | John D. Dingell | Original | Mar 26, 2009 |
| D-OH | Marcy Kaptur | Original | Mar 26, 2009 |
| D-OH | Mary Jo Kilroy | Original | Mar 26, 2009 |
| D-ME | Michael H. Michaud | Original | Mar 26, 2009 |
| D-IN | Peter J. Visclosky | Original | Mar 26, 2009 |
| D-IL | Phil Hare | Original | Mar 26, 2009 |
| D-PA | Robert A. Brady | Original | Mar 26, 2009 |
| D-PA | Tim Holden | Original | Mar 26, 2009 |
| D-OH | Tim Ryan | Original | Mar 26, 2009 |
| D-MI | Carolyn C. Kilpatrick | Mar 30, 2009 | |
| D-PA | Christopher P. Carney | Mar 30, 2009 | |
| D-IL | Daniel Lipinski | Apr 22, 2009 | |
| D-CA | Lynn C. Woolsey | Apr 22, 2009 | |
| D-OH | Marcia L. Fudge | Apr 22, 2009 | |
| D-NY | Maurice D. Hinchey | Apr 22, 2009 | |
| D-OH | Zachary T. Space | Apr 22, 2009 | |
| D-MI | Mark H. Schauer | Apr 27, 2009 | |
| D-OH | Dennis J. Kucinich | May 5, 2009 | |
| D-MO | Russ Carnahan | May 12, 2009 | |
| D-AZ | Raúl M. Grijalva | Jul 15, 2009 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Mar 26, 2009 |
Actions 2
Everything that happened, newest first.
- Mar 26, 2009Introduced in House
- Mar 26, 2009Referred to the House Committee on Financial Services.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Emergency Economic Stabilization Act of 2008 to restrict the use of TARP funds for domestic purposes.
- Short Titles as Introduced
- Responsible Use of Taxpayer Help Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Bank accounts, deposits, capital
- Business investment and capital
- Buy American requirements
- Finance and Financial Sector
- Financial crises and stabilization
- Financial services and investments
- Foreign and international banking
- Foreign and international corporations
- International monetary system and foreign exchange
- Wages and earnings
Text 1
Each version as it was printed, newest first.
- Mar 26, 2009Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
