legislation: 110-s-3698

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
110-s-3698 110 s 3698 Accountability for Economic Rescue Assistance Act of 2008 Finance and Financial Sector 2008-11-19 2008-11-19 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Feinstein, Dianne [D-CA] CA D F000062 6 Accountability for Economic Rescue Assistance Act of 2008 - Prohibits recipients of emergency economic assistance under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 or under the Federal Reserve Act, or any subsidiary, from using such funds for lobbying expenditures or political contributions.Requires the Secretary of the Treasury to develop and publish corporate governance principles and ethical guidelines for recipients of such funds, including restrictions governing: (1) the hosting, sponsorship, or payments for conferences and events; (2) the use of corporate aircraft, travel accommodations, and travel expenditures; (3) expenses relating to office or facility renovations or relocations; and (4) expenses relating to entertainment, holiday parties, employee recognition events, or similar ancillary corporate expenses.Requires recipients of such funds to file quarterly reports and certifications with the Secretary, which shall be made publicly available online, and at no cost.Subjects violators of this Act to specified civil penalties.Makes any person who violates this Act ineligible to receive any future emergency economic assistance unless the Secretary determines that reasonable steps have been taken to bring actions into compliance with and to prevent future violations of this Act. 2017-12-15T00:45:38Z  

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