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WASHINGTON (Reuters) - Rep . Barney Frank said on Monday it "seems clear" he and President-elect Barack Obama agree on the need to set strict rules for spending the next $350 billion of the government's financial industry bailout alone i break . U.S.  |  Barack Obama  |  Small BusinessThe Massachusetts Democrat has proposed legislation to impose new rules on the Troubled Asset Relief Program (TARP) President-elect Barack Obama has asked President George W korn's groovy . Bush to seek release by Congress of the TARP's next $350 billion.The Treasury Department, which is managing the $700 billion TARP, has already committed the first half of it, primarily to injections of capital into troubled banks .