A bill to require repayments of obligations and proceeds from the sale of assets under the Troubled Asset Relief Program to be repaid directly into the Treasury for reduction of the public debt.
Stop Tarp Asset Recycling Act of 2009 or the STAR Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require, beginning upon enactment of this Act, all repayments of funds and all proceeds from the sale of federally-acquired assets under the Troubled Asset Relief Program (TARP) to be used to reduce the public debt.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S6550-6551)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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