Washington — House Financial Services Committee Chairman Barney Frank (D.-Mass.) says he plans to unveil legislation Friday that would condition the release of the remaining $350 billion of Troubled Asset Relief Program funds.

Frank says his bill would require the Treasury Department to use the money for foreclosure relief, institute lending requirements for banks that receive capital from the program, and strengthen executive compensation requirements.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access