text: SECTION 1. SHORT TITLE.
  
      This Act may be cited as the ``Troubled Asset Relief Program 
  Enhancement Act''.
  
  SEC. 2. ENHANCED OVERSIGHT OF THE TARP.
  
      (a) In General.--Section 116 of the Emergency Economic 
  Stabilization Act of 2008 (12 U.S.C. 5226) is amended--
              (1) in subsection (a)(1)(A)--
                      (A) in clause (iii), by striking ``and'' at the 
                  end;
                      (B) in clause (iv), by striking the period at the 
                  end and inserting ``; and''; and
                      (C) by adding at the end the following:
                              ``(v) public accountability for the 
                          exercise of such authority, including with 
                          respect to actions taken by those entities 
                          participating in programs established under 
                          this Act.''; and
              (2) in subsection (a)(2)--
                      (A) by redesignating subparagraph (C) as 
                  subparagraph (E); and
                      (B) by striking subparagraph (B) and inserting the 
                  following:
                      ``(B) Access to records.--
                              ``(i) In general.--Notwithstanding any 
                          other provision of law, and for purposes of 
                          reviewing the performance of the Troubled Asset 
                          Relief Program, the Comptroller General shall 
                          have access, upon request, to any information, 
                          data, schedules, books, accounts, financial 
                          records, reports, files, electronic 
                          communications, or other papers, things, or 
                          property belonging to or in use by the TARP, 
                          any entity established by the Secretary under 
                          this Act, or any entity participating in a 
                          program established under the authority of this 
                          Act, and to the officers, employees, directors, 
                          independent public accountants, financial 
                          advisors and any and all other agents and 
                          representatives thereof, at such time as the 
                          Comptroller General may request.
                              ``(ii) Verification.--The Comptroller 
                          General shall be afforded full facilities for 
                          verifying transactions with the balances or 
                          securities held by, among others, depositories, 
                          fiscal agents, and custodians.
                              ``(iii) Copies.--The Comptroller General 
                          may make and retain copies of such books, 
                          accounts, and other records as the Comptroller 
                          General deems appropriate.
                      ``(C) Agreement by entities.--Each contract, term 
                  sheet, or other agreement between the Secretary or the 
                  TARP (or any TARP vehicle, officer, director, employee, 
                  independent public accountant, financial advisor, or 
                  other TARP agent or representative) and an entity 
                  participating in a program established under this Act 
                  shall provide for access by the Comptroller General in 
                  accordance with this section.
                      ``(D) Restriction on public disclosure.--
                              ``(i) In general.--The Comptroller General 
                          may not publicly disclose proprietary or trade 
                          secret information obtained under this section.
                              ``(ii) Exception for congressional 
                          committees.--This subparagraph does not limit 
                          disclosures to congressional committees or 
                          members thereof having jurisdiction over any 
                          private or public entity participating in a 
                          program established under this Act.
                              ``(iii) Rule of construction.--Nothing in 
                          this section shall be construed to alter or 
                          amend the prohibitions against the disclosure 
                          of trade secrets or other information 
                          prohibited by section 1905 of title 18, United 
                          States Code, or other applicable provisions of 
                          law.''.
      (b) Authorization of Appropriation.--There is authorized to be 
  appropriated to the Comptroller General of the United States for each 
  of fiscal years 2010 and 2011 an additional amount not to exceed 
  $5,000,000 to cover any additional expenses incurred in carrying out 
  the responsibilities of the Comptroller General under section 116 of 
  the Emergency Economic Stabilization Act of 2008 with respect to the 
  Troubled Asset Relief Program.
target: Troubled Asset Relief Program Enhancement Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require the Comptroller General to oversee the performance of the Troubled Asset Relief Program (TARP) in meeting EESA purposes involving public accountability for the exercise of its authority.
  
  Grants the Comptroller General access, upon request, to any information, data, schedules, books, accounts, financial records, reports, files, electronic communications, or other papers, things, or property belonging to or in use by the TARP, any entity established by the Secretary under EESA, or any entity participating in a program established under EESA, and to any of their officers, employees, directors, independent public accountants, financial advisors and any and all other agents and representatives.
  
  Requires the Comptroller General to be afforded full facilities for verifying transactions with the balances or securities held by depositories, fiscal agents, and custodians.
  
  Prohibits the Comptroller General from disclosing publicly any proprietary or trade secret information obtained under this Act.
feat_title: To enhance the oversight authority of the Comptroller General of the United States with respect to expenditures under the Troubled Asset Relief Program.