Page:United States Statutes at Large Volume 122.djvu/3806

 12 2 STA T .378 3 PUBLIC LA W 11 0– 3 4 3 —O CT. 3 , 2008 (3)TREATM E N T OFC OM P AN I ON MEA SU RES .—If, f ol lo wingpas sag e of th e j oint r esol u tion in the S enate, the Senate then re c ei v es the co m panion measure from the H ouse of R epresenta - tives, the companion measure shall not b e d ebatable. ( 4 ) C ONSI D ERATION AFTER PASSA G E.— ( A ) IN GENERA L .—If Congress passes a joint resolution, the period beginning on the date the P resident is presented with the joint resolution and ending on the date the Presi- dent ta k es action with respect to the joint resolution shall be disregarded in computing the 15 -calendar da y period described in subsection (a)(3). ( B ) V ETOES.—If the President vetoes the joint resolu- tion— (i) the period beginning on the date the President vetoes the joint resolution and ending on the date the Congress receives the veto message with respect to the joint resolution shall be disregarded in com- puting the 15-calendar day period described in sub- section (a)(3), and (ii) debate on a veto message in the Senate under this section shall be 1 hour e q ually divided between the majority and minority leaders or their designees. (5) RULES OF H OUSE OF REPRESENTATI V ES AND SENATE.— This subsection and subsections (c), (d), and (e) are enacted by Congress— (A)asane x ercise of the rulemaking power of the Senate and House of Representatives, respectively, and as such it is deemed a part of the rules of each House, respectively, but applicable only with respect to the proce- dure to be followed in that House in the case of a joint resolution, and it supersedes other rules only to the extent that it is inconsistent with such rules and (B) with full recognition of the constitutional right of either House to change the rules (so far as relating to the procedure of that House) at any time, in the same manner, and to the same extent as in the case of any other rule of that House. SEC.1 1 6 . OV E R S IGHTAND A U DITS. (a) COMPTROLLER G ENERAL O VERSIGHT.— (1) SCOPE OF OVERSIGHT.—The Comptroller General of the U nited States shall, upon establishment of the troubled assets relief program under this Act (in this section referred to as the ‘ ‘TARP ’ ’), commence ongoing oversight of the activities and performance of the TARP and of any agents and representatives of the TARP (as related to the agent or representative’s activi- ties on behalf of or under the authority of the TARP), including vehicles established by the Secretary under this Act. The sub- jects of such oversight shall include the following

(A) The performance of the TARP in meeting the pur- poses of this Act, particularly those involving— (i) foreclosure mitigation; (ii) cost reduction; (iii) whether it has provided stability or prevented disruption to the financial markets or the banking system; and (iv) whether it has protected taxpayers. 12USC5 22 6.Debat e. D ur at ion .

�