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H.R.384 TARP Reform and Accountability Act, 111th Congress

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Official Bill Info

  • Latest Action: Jan 22, 2009 Received in the Senate and Read twice and referred to the Committee on Finance.

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    I know the most recent action for this bill is as follows: "Received in the Senate and Read twice and referred to the Committee on Finance." on Jan 22, 2009
  • Committee Assignment: House Committee on Financial Services

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    This bill has been assigned to the House Committee on Financial Services committee.
  • Committee Assignment: House Committee on Ways and Means

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    This bill has been assigned to the House Committee on Ways and Means committee.
  • Committee Assignment: House Committee on the Judiciary

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    This bill has been assigned to the House Committee on the Judiciary committee.
  • Committee Assignment: Senate Committee on Finance

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    This bill has been assigned to the Senate Committee on Finance committee.
  • This bill's most-recent vote occurred on January 21, 2009, with a roll call of 260 ayes, 166 nays, and 7 not voting.

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    This bill's most-recent vote occurred on January 21, 2009, with a roll call of 260 ayes, 166 nays, and 7 not voting.

Bill Statistics on OpenCongress

  • 35% of users support H.R.384

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    35% of users on OpenCongress.org, a free, non-partisan resource, support H.R.384.
  • H.R.384 has been viewed 66,665 times

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    H.R.384 has been viewed 66,665 times on OpenCongress.org, a free, non-partisan resource.
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    OpenCongress Bill Summary

    • This legislation would establish tighter oversight on the second released amount of $350 billion under the Troubled Assets Relief Program (TARP) created by the 2008 bailout bill, H.R. 1424. This enhanced regulation requires that all institutions receiving such funding file quarterly reports on how the money is used, imposes stricter limits on executive compensation for employees of recipient firms, and enhances the Financial Stability Oversight Board. More info here.

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      Here's a summary from OpenCongress.org: This legislation would establish tighter oversight on the second released amount of $350 billion under the Troubled Assets Relief Program (TARP) created by the 2008 bailout bill, H.R. 1424. This enhanced regulation requires that all institutions receiving such funding file quarterly reports on how the money is used, imposes stricter limits on executive compensation for employees of recipient firms, and enhances the Financial Stability Oversight Board. More info here.

    Supporting Organizations

    • National Association of Realtors

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      I know that the organization National Association of Realtors supports H.R.384
    • Common Cause

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      I know that the organization Common Cause supports H.R.384
    • Mortgage Bankers Association

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      I know that the organization Mortgage Bankers Association supports H.R.384
    • CCIM Institute

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      I know that the organization CCIM Institute supports H.R.384
    • Insitute of Real Estate Management

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      I know that the organization Insitute of Real Estate Management supports H.R.384
    • International Council of Shopping Centers

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      I know that the organization International Council of Shopping Centers supports H.R.384
    • Commercial Mortgage Securities Association

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      I know that the organization Commercial Mortgage Securities Association supports H.R.384
    • National Business Aviation Association

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      I know that the organization National Business Aviation Association supports H.R.384
    • naiop

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      I know that the organization naiop supports H.R.384
    • American Bankers Association

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      I know that the organization American Bankers Association supports H.R.384
    • Center for Responsible Lending

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      I know that the organization Center for Responsible Lending supports H.R.384
    • Consumer Action

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      I know that the organization Consumer Action supports H.R.384
    • Consumer Federation of America

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      I know that the organization Consumer Federation of America supports H.R.384
    • Consumers Union

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      I know that the organization Consumers Union supports H.R.384
    • PICO National Network

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      I know that the organization PICO National Network supports H.R.384
    • National Fair Housing Alliance

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      I know that the organization National Fair Housing Alliance supports H.R.384
    • National Multi Housing Council

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      I know that the organization National Multi Housing Council supports H.R.384
    • National Consumer Law Center

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      I know that the organization National Consumer Law Center supports H.R.384
    • U.S. Public Interest Research Groups

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      I know that the organization U.S. Public Interest Research Groups supports H.R.384
    • National Apartment Association

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      I know that the organization National Apartment Association supports H.R.384

    Opposing Organizations

    • National Taxpayers Union

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      I know that the organization National Taxpayers Union opposes H.R.384

    Most-commented sections of the bill text

    Highest Rated User Comments

    • On January 13, 2009, by Anonymous - wE NEED A PUBLIC WEB SITE WITH ALL EXPENDITURES LISTED

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      As noted by Anonymous, a user on OpenCongress.org, on January 13, 2009, "wE NEED A PUBLIC WEB SITE WITH ALL EXPENDITURES LISTED"
    • On January 15, 2009, by knowledgeableindividual - LIKE RON PAUL STATED ON THE FIRST BAILOUT..."IT'S LIKE A FIX FOR A JUNKIE," THIS OTHER HALF OF THE BAILOUT IS NOT GOING TO SOLVE OUR ECONOMIC PROBLEMS, IT'S ONLY GOING TO TEMPORARILY FIX THE PROBLEMS, BUT IN THE LONG RUN IS DETRIMENTAL TO THE NATION AND THE CITIZENRY...

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      As noted by knowledgeableindividual, a user on OpenCongress.org, on January 15, 2009, "LIKE RON PAUL STATED ON THE FIRST BAILOUT..."IT'S LIKE A FIX FOR A JUNKIE," THIS OTHER HALF OF THE BAILOUT IS NOT GOING TO SOLVE OUR ECONOMIC PROBLEMS, IT'S ONLY GOING TO TEMPORARILY FIX THE PROBLEMS, BUT IN THE LONG RUN IS DETRIMENTAL TO THE NATION AND THE CITIZENRY..."
    • On January 14, 2009, by kenbyrne - Does TARP need revision? Yes of course. Should it be some mumbling, bumbling fool like Barney Frank to lead that effort? No way. He is part of a liberal group of vacant suits that set gov ernment targets for Freddie and Fannie to make mortgage loans to people that didn't want them, couldn't afford them and wouldn't be able to pay them back. Then, surprise of surprises, they didn't pay them back! Now Barney and friends want to fix something else.... please stop helping us! it hurts....

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      As noted by kenbyrne, a user on OpenCongress.org, on January 14, 2009, "Does TARP need revision? Yes of course. Should it be some mumbling, bumbling fool like Barney Frank to lead that effort? No way. He is part of a liberal group of vacant suits that set gov ernment targets for Freddie and Fannie to make mortgage loans to people that didn't want them, couldn't afford them and wouldn't be able to pay them back. Then, surprise of surprises, they didn't pay them back! Now Barney and friends want to fix something else.... please stop helping us! it hurts...."

    Highly Rated Blog Articles

    • H.R.384: Peace Stamp for the Peace Corps Act - U.S. Congress ... - January 18, 2011 by opencongress.org - Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. Thanks for helping to ... H.R.

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      As noted by opencongress.org on January 18, 2011, "Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. Thanks for helping to ... H.R. " (http://www.opencongress.org/bill/112-h384/show)
    • Fwd: MegaVote: IN 8th, 1/12/2009 - January 03, 2011 by Kevin's Commentary on the World - Program. TARP Reform and Accountability Act - H.R.384 The House will likely vote on this bill that would modify the Troubled Assets Relief Program. =================================================================

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      As noted by Kevin's Commentary on the World on January 03, 2011, "Program. TARP Reform and Accountability Act - H.R.384 The House will likely vote on this bill that would modify the Troubled Assets Relief Program. =================================================================" (http://kevinscave.blogspot.com/2011/01/fwd-megavote-in-8th-1122009.html)
    • RealTime - Articles: How to Do Your Loan Modification Without ... - December 26, 2010 by Untitled - HR 384 ", a reform Troubled Asset Relief Program (TARP) of the Treasury Department under the plan, and ensure accountability." http://www.house.gov/apps/list/press/financialsvcs_dem/hr384.pdf] Section 204, p. 24, line 4 (b); ...

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      As noted by Untitled on December 26, 2010, "HR 384 ", a reform Troubled Asset Relief Program (TARP) of the Treasury Department under the plan, and ensure accountability." http://www.house.gov/apps/list/press/financialsvcs_dem/hr384.pdf] Section 204, p. 24, line 4 (b); ..." (http://xmobilew6k7i6f.copious-systems.com/articles/4d1893771a8efc1e37006d86/)

    Highly Rated News Articles

    • New CRS Report: Troubled Asset Relief Program and Foreclosures - February 18, 2009 by Docuticker - HR 384 was introduced in the House on January 9, 2009; it was passed and sent to the Senate on January 21, 2009. The legislation would provide for ...

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      As noted by Docuticker on February 18, 2009, "HR 384 was introduced in the House on January 9, 2009; it was passed and sent to the Senate on January 21, 2009. The legislation would provide for ..." (http://www.docuticker.com/?p=24842)
    • No love for the white guys - February 10, 2009 by Face The State - Colorado, CO - Barnie Frank, a Massachusetts Democrat, is now proposing an amendment to HR 384 that would establish as part of the federal government's Troubled Asset ...

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      As noted by Face The State - Colorado, CO on February 10, 2009, "Barnie Frank, a Massachusetts Democrat, is now proposing an amendment to HR 384 that would establish as part of the federal government's Troubled Asset ..." (http://facethestate.com/articles/14129-no-love-white-guys)
    • Oversight Report Highlights Lack of Transparency in TARP - February 08, 2009 by OMB Watch - The TARP Reform and Accountability Act of 2009 (HR 384) would : Require insured depository institutions that receive funding under TARP to report quarterly ...

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      As noted by OMB Watch on February 08, 2009, "The TARP Reform and Accountability Act of 2009 (HR 384) would : Require insured depository institutions that receive funding under TARP to report quarterly ..." (http://www.ombwatch.org/node/3825)
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