TARP Taxpayer Protection and Corporate Responsibility Act of 2009

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Congressional Research Service

Official summary

Version 00 · Introduced in Senate · Feb 24, 2009

TARP Taxpayer Protection and Corporate Responsibility Act of 2009 - Prohibits any recipient of assistance under the Troubled Asset Relief Program (TARP) from sponsoring, hosting, or paying for entertainment or holiday events during the calendar year in which such assistance is received or the next occurring calendar year.

Authorizes the Secretary of the Treasury to waive such prohibition.

Subjects violations of this Act to civil penalties.

Read the summary on Congress.gov

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People & committees

Who introduced it

Sen. Kerry, John F. [D-MA] · D–MA

Committees

Banking, Housing, and Urban Affairs Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Feb 24, 2009
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 24, 2009
Sponsor introductory remarks on measure. (CR S2429)
Feb 24, 2009
Introduced in Senate

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in Senate · Feb 24, 2009 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze S.463 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss S.463, 111th Congress: TARP Taxpayer Protection and Corporate Responsibility Act of 2009

Official record: https://www.congress.gov/bill/111th-congress/senate-bill/463

Text version to examine: Introduced in Senate · 2009-02-24.

Official full text: https://www.congress.gov/111/bills/s463/BILLS-111s463is.htm

Imported record last updated by the source: 2025-08-14T16:18:23Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze S.463 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine S.463 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss S.463, 111th Congress: TARP Taxpayer Protection and Corporate Responsibility Act of 2009

Official record: https://www.congress.gov/bill/111th-congress/senate-bill/463

Text version to examine: Introduced in Senate · 2009-02-24.

Official full text: https://www.congress.gov/111/bills/s463/BILLS-111s463is.htm

Imported record last updated by the source: 2025-08-14T16:18:23Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.463 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine S.463 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss S.463, 111th Congress: TARP Taxpayer Protection and Corporate Responsibility Act of 2009

Official record: https://www.congress.gov/bill/111th-congress/senate-bill/463

Text version to examine: Introduced in Senate · 2009-02-24.

Official full text: https://www.congress.gov/111/bills/s463/BILLS-111s463is.htm

Imported record last updated by the source: 2025-08-14T16:18:23Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.463 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine S.463 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss S.463, 111th Congress: TARP Taxpayer Protection and Corporate Responsibility Act of 2009

Official record: https://www.congress.gov/bill/111th-congress/senate-bill/463

Text version to examine: Introduced in Senate · 2009-02-24.

Official full text: https://www.congress.gov/111/bills/s463/BILLS-111s463is.htm

Imported record last updated by the source: 2025-08-14T16:18:23Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.463 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.