§ 5239. Recoupment

188 words·~1 min read·/usc/title-12/section-5239

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Upon the expiration of the 5-year period beginning upon October 3, 2008, the Director of the Office of Management and Budget, in consultation with the Director of the Congressional Budget Office, shall submit a report to the Congress on the net amount within the Troubled Asset Relief Program under this chapter. In any case where there is a shortfall, the President shall submit a legislative proposal that recoups from the financial industry an amount equal to the shortfall in order to ensure that the Troubled Asset Relief Program does not add to the deficit or national debt.

(Pub. L. 110–343, div. A, title I, § 134, Oct. 3, 2008, 122 Stat. 3798.)

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statute-compilations

Sec. 134
RECOUPMENT

statutes-at-large

Public Law 110–343
To provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives

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U.S. Code

Purposes
§ 5201

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Pub. L. 110–343, div. A, title I, § 134
122 Stat. 3798
Pub. L. 110–343
122 Stat. 3765

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§ 5239

Recoupment

Stat. Comp.×1

Stat.×1

U.S.C.§ 5201

Pub. L.Pub. L. 110–343, div. A, title I, § 134

Stat.122 Stat. 3798

Pub. L.Pub. L. 110–343

Stat.122 Stat. 3765

Cites 5Cited by 2 across 2 sources