Providing for the consideration of the bill (H.R. 384) to reform the Troubled Assets Relief Program of the Secretary of the Treasury and ensure accountability under such Program.

4/7/2025, 3:18 PM

Summary of Bill HRES 53

Bill H.Res. 53, also known as the Providing for the consideration of the bill (H.R. 384), aims to reform the Troubled Assets Relief Program (TARP) of the Secretary of the Treasury and ensure accountability within the program. The TARP was originally established in response to the 2008 financial crisis to stabilize the financial system by purchasing troubled assets from financial institutions.

The bill H.R. 384 seeks to make changes to the TARP program to improve its effectiveness and increase transparency and accountability. It includes provisions to require regular reporting on the status of TARP funds, as well as measures to prevent misuse or abuse of the program. Additionally, the bill aims to strengthen oversight of the program to ensure that taxpayer dollars are being used responsibly.

The passage of this bill would represent a significant step towards reforming the TARP program and ensuring that it is being managed in a responsible and accountable manner. It is important for Congress to consider this legislation in order to protect taxpayer interests and maintain the integrity of the TARP program.

Current Status of Bill HRES 53

Bill HRES 53 is currently in the status of Bill Introduced since January 13, 2009. Bill HRES 53 was introduced during Congress 111 and was introduced to the House on January 13, 2009. Bill HRES 53's most recent activity was Motion to reconsider laid on the table Agreed to without objection. as of January 14, 2009