What it changes

1 change to S. 493

Adds a section
  1. Adds SEC. __. PROHIBITION ON USING FEDERAL ASSISTANCE TO REPAY TARP FUNDS wherever appropriate

    Adds a section

    Inserted: 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:

Read automatically from the Congressional Record. Check the original before relying on it.

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