The House passed a bill Wednesday that would restrict the Obama administration's use of funds from the Troubled Asset Relief Program.
The bill, which passed the chamber 260 to 166, would force institutions receiving help from the remaining $350 billion in Tarp funds to describe how they would use the money, and require that $40 billion to $100 billion be spent from Tarp on foreclosure relief, among several other provisions.
Despite House passage of the legislation, sponsored by House Financial Services Committee Chairman Barney Frank, lawmakers have said a Senate vote is unlikely.
