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Bank of America received $45 billion<ref>$45 billion figure from [http://bailout.propublica.org/main/list/index Bailout Recipients], Pro Publica, Updated September 29, 2009.</ref> in direct government aid from the [[Troubled Asset Relief Program|TARP]] program, and a further $118 billion worth of guarantees against bad assets<ref>$118 billion figure from [http://news.bbc.co.uk/2/hi/7832484.stm Bank of America bail-out agreed], BBC, January 16, 2009.</ref>.

After receiving government funds, Bank of America continued to spend millions of dollars to lobby Congress, including to "fend off restrictions on executive compensation, home mortgage lending and credit card fees" as well as in opposition to the [[Consumer Financial Protection Agency]]<ref>Barbara Barrett, [http://www.mcclatchydc.com/251/story/72245.html Bank of America, bailout in hand, continues lobbying efforts], McClatchy News, July 21, 2009</ref>. They also hosted efforts to defeat the Employee Free Choice act<ref>Sam Stein, [http://www.huffingtonpost.com/2009/01/27/bank-of-america-hosted-an_n_161248.html Bailout Recipients Hosted Call To Defeat Key Labor Bill], Huffington Post, January 27, 2009.</ref>.