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Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability issues: Congressional Testimony
Troubled Asset Relief Program: Status of Efforts t

Our Price: $20.00
By Gene L. Dodaro (au)
Year: 2009
Pages: 22
Binding Paperback

Product Code: 1437914481

The Troubled Asset Relief Program (TARP), is under the Dept. of the Treasury which has the authority to purchase and insure up to $700 billion in troubled assets held by financial institutions through its Office of Financial Stability. Treasury was granted this authority in response to the financial crisis that has threatened the stability of the U.S. banking system and the solvency of numerous financial institutions. The Emerg. Econ. Stabilization Act that authorized TARP on Oct. 3, 08, requires a report at least every 60 days on findings from the oversight of the actions taken under the program. The act also created additional oversight entities -- the Congress. Oversight Panel and the Special Insp. General for TARP -- that also have reporting responsibilities.

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