An amendment numbered 10 printed in House Report 111-3 to clarify that the TARP Special Inspector General has oversight power over any actions taken by Treasury under this legislation that he deems appropriate, with certain exceptions.
What it does: Adds SEC. 108. BROADENED INSPECTOR GENERAL AUTHORITY at the end of title IDescription
Amendment clarifies that the TARP Special Inspector General has oversight power over any action tied to the distribution of TARP funds.
What it changes
1 change to H.R. 384
We couldn't match these changes to the text of H.R. 384, so they're shown as written.
Adds SEC. 108. BROADENED INSPECTOR GENERAL AUTHORITY at the end of title I
Adds a sectionInserted: SEC. 108. BROADENED INSPECTOR GENERAL AUTHORITY.
Inserted: Section 121(c) of the Emergency Economic Stabilization Act (12 U.S.C. 5231(c)) is amended by striking "the purchase, management, and sale of assets" and all that follows through "under section 102" and inserting "any action taken by the Secretary of the Treasury under this title (except sections 115, 116, 117, and 125), as the Special Inspector General determines appropriate".
Inserted: In the table of contents in section 1(b), insert after the item relating to section 107 the following new item:
Inserted: Sec. 108. Broadened Inspector General Authority.
Original wording
At the end of title I, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
At the end of title I, insert the following:
SEC. 108. BROADENED INSPECTOR GENERAL AUTHORITY.
Section 121(c) of the Emergency Economic Stabilization Act (12 U.S.C. 5231(c)) is amended by striking “the purchase, management, and sale of assets” and all that follows through “under section 102” and inserting “any action taken by the Secretary of the Treasury under this title (except sections 115, 116, 117, and 125), as the Special Inspector General determines appropriate”.
In the table of contents in section 1(b), insert after the item relating to section 107 the following new item:
Sec. 108. Broadened Inspector General Authority.
Legislative Activity
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House amendment offered
January 21, 2009
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House amendment offered
January 21, 2009
Amendment agreed to Committee of the Whole
January 21, 2009 • 2:24 PM
House amendment offered/reported by : Amendment (A009) offered by Mr. Flake.(consideration: CR H409-411; text: CR H409)
January 21, 2009 • 2:13 PM
House amendment agreed to: On agreeing to the Flake amendment (A009) Agreed to by voice vote.
January 21, 2009 • 2:24 PM
Amendment (A009) offered by Mr. Flake. (consideration: CR H409-411; text: CR H409)
January 21, 2009 • 2:13 PM
On agreeing to the Flake amendment (A009) Agreed to by voice vote.
January 21, 2009 • 2:24 PM