Some congressmen have criticized Treasury's $700 billion Troubled Assets Relief Program, saying it does not help consumers enough. The new legislation is one way that borrowers could get more relief if passed. On Friday, Rep. Barney Frank (D., Mass.), chairman of the House of Financial Services, noted in a press conference that measures to reduce mortgage foreclosures were included in legislation he was introducing that is intended to amend facets of the TARP bill. In a letter to lawmakers, Citi CEO Vikram Pandit said the change to bankruptcy law "will serve as an additional tool to the extensive home-retention programs already in place to help at-risk borrowers." Citi has helped approximately 370,000 families avoid foreclosure since early 2007, it noted in the letter. Other banking institutions including JPMorgan Chase ( JPM ) and Bank of America ( BAC ) have also initiated programs to help struggling borrowers, as have Fannie Mae undefined and Freddie Mac undefined.