Press Releases

Warner, Corker Introduce Bipartisan Bill to Maximize Taxpayer Returns of TARP Investments

~ Bill creates private market trust for TARP investments, sets end-date for gov’t ownership ~

Jun 22 2009

WASHINGTON, D.C. – U.S. Senator Mark R. Warner (D-VA) spoke on the Senate floor today about bipartisan legislation he has introduced with Senator Bob Corker (R-TN) that will maximize returns of taxpayer investments into TARP(Troubled Asset Relief Program)assisted institutions. The bill provides for a responsible exitstrategy from government ownership of TARP-recipient companies, such as AIG, Citigroup, and General Motors.