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Dodd-Frank: Title XIII - Pay It Back Act

 

INTRODUCTION:

Title XIII, commonly known as the “Pay It Back Act” (the “Act”), amends the Emergency Economic Stabilization Act of 2008 (the “EESA”) by decreasing the Secretary of the Treasury’s (the “Secretary”) authority to purchase distressed assets under the Troubled Asset Relief Program (“TARP”) from $700 billio

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