Page:Emergency Economic Stabilization Act of 2008.djvu/85

 O:kiYOkiYO08C04.xml 85 1 recipient of warrants or any other potential equity in 2 exchange for the loan, and any expected cost to the 3 taxpayers for such exercise. 4 (b) PERiODiC UPDATES. The Board shall provide 5 updates to the Committees specified in subsection (a) not 6 less frequently than once every 60 days while the subject 7 loan is outstanding, including-- 8 (1) the status of the loan; 9 (2) the value of the collateral held by the Fed- 10 eral reserve bank which initiated the loan; and 11 (3) the projected cost to the taxpayers of the 12 loan. 13 (c) CONFDENTIXT�.--The information submitted 14 to the Congress under this section may be kept confiden- 15 tial, upon the written request of the Chairman of the 16 Board, in which case it shall made available only to the 17 Chab?ersons and Ranking Members of the Committees 18 described in subsection (a). 19 (d) APPLCAmLT�. The provisions of this section 20 shall be in force for all uses of the authority provided 21 under section 13 of the Federal Reserve Act occurring 22 during the period begSnning on March 1, 2008 and ending 23 on the after the date of enactment of this Act, and reports 24 described in subsection (a) shall be required begSnning not

�