H.R. 1242 is a bill that would amend the Emergency Economic Stabilization Act to add greater transparency to the Troubled Assets Relief Program (TARP). The bill would require the Treasury Department to establish a database that would provide ongoing, continuous and close to real-time updates of the distribution of TARP funds. Information would be combined from private and public sources, including the 25 agencies distributing TARP funds, to track their progress.
