A couple of quick updates on TARP legislation in the House:

1. The House approved (260-166) House Financial Chair Barney Frank's (D-MA) TARP Reform and Accountability Act of 2009 (HR 384) yesterday. The bill would, among other things, strengthen oversight and transparency provisions in the Troubled Asset Relief Program (TARP). The Senate is not expected to take up the legislation.
   
   
2. And today, the House passed (270-155) a resolution that would deny the Obama Administration access to the last $350 billion of the $700 in TARP funds. The vote was largely symbolic, as the Senate considered the resolution and promptly voted it down (42-52) on Jan. 15.