Tuesday, Congressman Hank Johnson (D - Georgia) introduced a resolution urging the House to allocate unspent Troubled Asset Relief Program (TARP) funds to create jobs.
“With unemployment in Atlanta and the nation stubbornly above 10 percent, we must do more to create jobs,” said Johnson. “Tapping unspent TARP funds can put people back to work by helping us break ground on more shovel-ready infrastructure projects, expand credit to small businesses and offer critical tax cuts.”
The Department of Treasury reported last month that more than $139 billion in TARP funds have not been obligated.