The public comment period for this legislation has now ended.
TITLE I - Troubled Assets Relief Program
Sec. 134. RECOUPMENT. (1 Comment)
Upon the expiration of the 5-year period beginning upon the date of the enactment of this Act, 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 Act. 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.
1 comment on Sec. 134. RECOUPMENT.
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Why 5 years? So the next president doesn't have to deal with whatever shortfall there is during his first term of office?
posted by Anonymous at October 2, 2008
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