WASHINGTON — Rep. Anna Eshoo will soon introduce legislation requiring the Treasury Department to use some of the profits it obtains from the sale of troubled assets under the TARP program to provide relief to local governments that lost money from the September 2008 Lehman Brothers collapse.

The California Democrat disclosed her plans in written testimony provided to the House Financial Services Committee during a hearing.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.