S.Amdt. 279
What it does: Adds SEC. __. PROHIBITION ON USING FEDERAL ASSISTANCE TO REPAY TARP FUNDS wherever appropriateWhat it changes
1 change to S. 493
Adds SEC. __. PROHIBITION ON USING FEDERAL ASSISTANCE TO REPAY TARP FUNDS wherever appropriate
Adds a sectionInserted: SEC. __. PROHIBITION ON USING FEDERAL ASSISTANCE TO REPAY TARP FUNDS.
Inserted: Notwithstanding any other provision of law, no person may repay or refinance amounts received under the Troubled Asset Relief Program established under title I of the Emergency Economic Stabilization Act of 2008 (Public Law 110-343) using funds received in any form under any other Federal assistance program.
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
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As printed
SA 279. Mr. COBURN (for himself and Mr. Grassley) submitted an amendment intended to be proposed by him to the bill S. 493, to reauthorize and improve the SBIR and STTR programs, and for other purposes; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. __. PROHIBITION ON USING FEDERAL ASSISTANCE TO REPAY TARP FUNDS.
Notwithstanding any other provision of law, no person may repay or refinance amounts received under the Troubled Asset Relief Program established under title I of the Emergency Economic Stabilization Act of 2008 (Public Law 110-343) using funds received in any form under any other Federal assistance program.
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Senate amendment submitted
March 31, 2011