[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6570 Enrolled Bill (ENR)]

        H.R.6570

                      One Hundred Twelfth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

          Begun and held at the City of Washington on Tuesday,
            the third day of January, two thousand and twelve


                                 An Act


 
  To amend the American Recovery and Reinvestment Act of 2009 and the 
Emergency Economic Stabilization Act of 2008 to consolidate certain CBO 
                         reporting requirements.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. CONSOLIDATION OF CERTAIN CBO REPORTING REQUIREMENTS RELATING 
TO ARRA AND TARP.
    (a) ARRA-Related Reports.--
        (1) In general.--Section 1512(e) of the American Recovery and 
    Reinvestment Act of 2009 (Public Law 111-5; 123 Stat. 288) is 
    amended by amending the second sentence to read as follows: ``Such 
    comments on all reports for calendar quarters in a year shall be 
    due 45 days after the report for the last calendar quarter of the 
    year is submitted.''.
        (2) Effective date.--The amendment made by paragraph (1) shall 
    apply to comments on reports submitted on or after October 1, 2012.
        (3) Repealer.--Effective on January 1, 2016, section 1512(e) of 
    the American Recovery and Reinvestment Act of 2009 is repealed.
    (b) TARP-Related Reports.--
        (1) In general.--Section 202 of the Emergency Economic 
    Stabilization Act of 2008 (12 U.S.C. 5252) is amended--
            (A) in subsection (a), by striking ``semiannually'' and 
        inserting ``annually''; and
            (B) by adding at the end the following new subsection:
    ``(e) Sunset.--Notwithstanding the previous provisions of this 
section, the reporting and comment requirements under this section 
shall terminate with the annual period on the last day of which all 
troubled assets acquired by the Secretary under section 101 have been 
sold or transferred out of the ownership or control of the Federal 
Government.''.
        (2) Effective date.--The amendments made by this subsection 
    shall take effect the first day after the date of enactment of this 
    Act.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.