TARP Sunset Act of 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.

[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4110 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 4110

To repeal the authority of the Secretary of the Treasury to extend the 
                     Troubled Asset Relief Program.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 18, 2009

Mr. Paulsen (for himself, Mr. Wilson of South Carolina, Mr. McCarthy of 
 California, Mr. Lee of New York, Mr. Price of Georgia, Mr. Lance, Mr. 
   Burgess, Mr. Neugebauer, Mrs. Bachmann, Mr. Bachus, Mr. Kline of 
 Minnesota, Mr. Barrett of South Carolina, Mr. Bartlett, Mrs. Schmidt, 
   Mr. Roe of Tennessee, Ms. Fallin, Mr. Garrett of New Jersey, Mr. 
    Thompson of Pennsylvania, Mr. Akin, Mr. Carter, Mr. Posey, Mr. 
 Marchant, Mr. Lamborn, Mr. King of Iowa, Mr. Rooney, Mr. Shadegg, Mr. 
  Franks of Arizona, Mr. Conaway, Mr. Cole, Ms. Granger, Mr. Hall of 
  Texas, Mr. Gohmert, Mr. Shimkus, Mr. Hensarling, Mr. Chaffetz, Ms. 
 Jenkins, Mr. Harper, Mr. Lucas, Mr. Terry, Mr. Manzullo, Mrs. Capito, 
    Mr. Heller, Mrs. Lummis, Mrs. Biggert, Mr. Brady of Texas, Mr. 
McClintock, Mr. Gary G. Miller of California, Mr. Castle, Mr. Fleming, 
    Mr. McHenry, Mr. Putnam, Mr. Smith of Nebraska, Mr. Tiahrt, Mr. 
 Guthrie, Mr. Hunter, Mr. Cao, and Mr. Paul) introduced the following 
    bill; which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To repeal the authority of the Secretary of the Treasury to extend the 
                     Troubled Asset Relief Program.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``TARP Sunset Act of 2009''.

SEC. 2. REPEAL OF TARP EXTENSION AUTHORITY.

    Section 120 of the Emergency Economic Stabilization Act of 2008 (12 
U.S.C. 5230) is amended--
            (1) by striking ``(a) Termination.--''; and
            (2) by striking subsection (b).
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