Committee on Financial Services
United States House of Representatives
TARP Oversight Reports
Table of Contents
Congressional Oversight Panel (COP), Oversight Reports
Congress has instructed COP, under Section 125(b)(1) of Title 1 of the Emergency Economic Stabilization Act of 2008, Pub. L. No. 110-343 to produce regular reports that must:
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Oversee Treasury’s actions
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Assess the impact of spending to stabilize the economy
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Evaluate market transparency,
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Ensure effective foreclosure mitigation efforts
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And guarantee that Treasury’s actions are in the best interest of the American people.
COP Monthly Reports
April 14, 2010 -- Congressional Oversight Panel APRIL OVERSIGHT REPORT, Evaluating Progress on TARP Foreclosure Mitigation Programs.
March 11, 2010 -- Congressional Oversight Panel MARCH OVERSIGHT REPORT, Evaluating Progress on TARP Foreclosure Mitigation Programs.
January 13, 2010 -- Congressional Oversight Panel JANUARY OVERSIGHT REPORT, Exiting TARP and Unwinding Its Impact on the Financial Markets.
December 9, 2009 -- Congressional Oversight panel DECEMBER OVERSIGHT REPORT, Taking Stock: What Has the Troubled Asset Relief Program Achieved?
November 6, 2009 -- Congressional Oversight Panel NOVEMBER OVERSIGHT REPORT, Guarantees and Contingent Payments in TARP and Related Programs.
October 9, 2009 -- Congressional Oversight Panel OCTOBER OVERSIGHT REPORT, An Assessment of Foreclosure Mitigation Efforts After Six Months.
September 9, 2009 -- Congressional Oversight Panel SEPTEMBER OVERSIGHT REPORT, The Use of TARP Funds in the Support and Reorganization of the Domestic Automotive Industry.
August 11, 2009 -- Congressional Oversight Panel: AUGUST OVERSIGHT REPORT, The Continued Risk of Troubled Assets.
July 10, 2009 -- Congressional Oversight Panel: JULY OVERSIGHT REPORT, TARP Repayments, Including the Repurchase of Stock Warrants.
June 9, 2009 -- Oversight Report Panel: JUNE OVERSIGHT REPORT, Stress Testing and Shoring Up Banking Capital.
May 7, 2009 -- Congressional Oversight Panel: MAY OVERSIGHT REPORT, Reviving Lending to Small Businesses and Families and the Impact of the TALF.
April 7, 2009 -- Congressional Oversight panel: APRIL OVERSIGHT REPORT, Assesing Treasury's Strategy: Six Months of TARP.
March 6, 2009 -- Congressional Oversight Panel: MARCH OVERSIGHT REPORT, The Foreclosure Crisis: Working Towards a Solution.
February 6, 2009 -- Congressional Oversight Panel: FEBRUARY OVERSIGHT REPORT, Valuing Treasury'sAcquisitions.
Duff & Phelps Final Valuation Report to the Congressional Oversight Panel:
Additional report for the COP
January 9, 2009 -- The Second Report of the Congressional Oversight Panel for Economic Stabilization "Accountability for the Troubled Asset Relief Program."
December 10, 2008 -- The First Report of the Congressional Oversight Panel for Economic Stabilization "Questions About The $700 Billion Emergency Economic Stabilizaiton Funds."
COP Special Reports - Under Section 125(b)(2) of Title 1 of the Emergency Economic Stabilization Act of 2008, Pub. L. No. 110-343, COP is to produce a special report on regulatory reform that will analyze “the current state of the regulatory system and its effectiveness at overseeing the participants in the financial system and protecting consumers.”
July 21, 2009 -- Congressional Oversight Panel:Special Report on Farm Loan Restructuring.
January 29, 2009 -- Congressional Oversight Panel: Special Report on Regulatory Reform Modernizing the American Financail Regulatory System: Recommendations for Improving Oversight, Protecting Consumers, and Ensuring Stability.
Office of the Special Inspector General for the Troubled Asset Relief Program ("SIGTARP")
SIGTARP was established by Section 121 of the Emergency Economic Stabilization Act of 2008 (“EESA”) and amended by the Special Inspector General for the Troubled Asset Relief Program Act of 2009 (“SIGTARP Act”). Under EESA and the SIGTARP Act, the Special Inspector General has the duty, among other things, to conduct, supervise and coordinate audits and investigations of any actions taken under the Troubled Asset Relief Program (“TARP”) or as deemed appropriate by the Special Inspector General. In carrying out those duties, SIGTARP has the authority set forth in Section 6 of the Inspector General Act of 1978, including the power to issue subpoenas. The Special Inspector General also testifies periodically before relevant Congressional Committees.
April 20, 2010 -- Office of the Special Inspector General for the Troubled Asset Relief Program: Quaterly Report to Congress.
January 30, 2010 -- Office of the Special Inspector General for the Troubled Asset Relief Program: Quaterly Report to Congress.
October 21, 2009 -- Office of the Special Inspector General for the Troubled Asset Relief Program: Quaterly Report to Congress.
July 21, 2009 -- Office of the Special Inspector General for the Troubled Asset Relief Program: Quaterly Report to Congress.
April 21, 2009 -- Office of the Special Inspector General for the Troubled Asset Relief Program: Quaterly Report to Congress.
February 6, 2009 -- Office of the Special Inspector General for the Troubled Asset Relief Program: Initial Report to Congress.
December 10, 2008 -- Letter from the Office of the Special Inspector General.
Financial Stability Oversight Board (FSOB)
The Financial Stability Oversight Board (FSOB) was established by section 104 of the Emergency Economic Stabilization Act of 2008 (EESA) to help oversee the Troubled Assets Relief Program (TARP) and other emergency authorities and facilities granted to the Secretary of the Treasury under the EESA to help restore liquidity and stability to the U.S. financial system. The Oversight Board meets monthly to consider, review and discuss the significant programs, policies and financial commitments of the TARP to help restore financial stability and achieve the other important objectives of the EESA.
FSOB Reports - Submitted Pursuant to Section 104(g) of the Emergency Economic Stabilization Act of 2008
December 31, 2009 -- Quaterly Report to Congress
September 30, 2009 -- Quaterly Report to Congress
June 30, 2009 -- Quaterly Report to Congress
March 31, 2009 -- Quaterly Report to Congress.
December 31, 2008-- Quaterly Report to Congress
FSOB monthly reports to Congress - Pursuant to Section 105(a) of the Emergency Economic Stabilization Act of 2008.
May 10 , 2010 -- Troubled Assets Relief Program Monthly 105(a) Report - April 2010.
April 12, 2010 -- Troubled Assets Relief Program Monthly 105(a) Report - March 2010.
March 10, 2010 -- Troubled Assets Relief program Monthly 105(a) Report - February 2010.
February 16, 2010 -- Troubled Assets Relief Program Monthly 105(a) Report - January 2010.
January 11, 2010 -- Troubled Assets Relief Program Monthly 105(a) Report - December 2009.
December 10, 2009 -- Troubled Assets Relief Program Monthly 105(a) Report - November 2009.
November 10, 2009 -- Troubled Assets Relief Program Monthly 105(a) Report - October 2009.
October 9, 2009 -- Troubled Assets Relief Program Monthly 105(a) Report - September 2009.
September 11, 2009 -- Trobled Assets Relief Program Monthly 105(a) Report - August 1, 2009 to August 31, 2009.
August 10, 2009 -- Troubled Assets Relief Program Monthly 105(a) Report - July 1, 2009 to July 31, 2009.
July 10, 2009 -- Troubled Assets Relief Program Monthly 105(a) Report - June 1, 2009 to June 30, 2009.
June 10, 2009 -- Troubled Assets Relief Program Monthly 105(a) Report - May 1, 2009 to May 31, 2009.
May 8, 2009 -- Troubled AssetsRelief Program Monthly 105(a) Report - April 1, 2009 to April 30, 2009.
April 10, 2009 -- Troubled Assets Relief Program Monthly 105(a) Report - March 1, 2009 to March 31, 2009.
March 6, 2009 -- Troubled Assets Relief Program Monthly 105(a) Report - February 1, 2009 to February 28, 2009
February 3, 2009 -- Treasury Report to Congress for the Period January 1, 2009 to January 31, 2009.
January 6, 2009 -- Treasury Report to Congress for the Period December 1, 2008 to December 31, 2008.
December 5, 2008 -- Treasury Report to Congress for the Period of October 6, 2008 to November 30, 2008.
FSOB Tranche Reports - Pusuant to section 105(b) of the Emergency Economic Stabilization Act of 2008. The reports address six areas as required by EESA section 105(b)(1):
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A description of all the transactions made during the reporting period.
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A description of the pricing mechanism for the transactions.
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A justification of the price paid for, and other financial terms associated with, the transactions.
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A description of the impact of the exercise of such authority on the financial system.
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A description of challenges that remain in the financial system, including any benchmarks yet to be achieved.
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An estimate of additional actions under the authority provided pursuant to EESA that may be necessary to address such challenges.
October 7, 2009 -- Trouble Assets Relief Program Eighth Tranche Report to Congress.
June 3, 2009 -- Troubled Assets Relief Program Seventh Tranche Report to Congress.
April 24, 2009 -- Troubled Assets Relief Program Sixth Tranche Report to Congress.
February 6, 2009 -- Troubled Assets Relief Program Fifth Tranche Report to Congress.
January 7, 2009 -- Troubled Assets Relief Program Fourth Tranche Report to Congress.
December 2, 2008 -- Troubled Assests Relief Program Third Tranche Report to Congress.
November 21, 2008 -- Troubled Assets Relief Program Second Tranche Report to Congress.
November 3, 2008 -- Troubled Assets Relief Program First Tranche Report to Congress.
Appendix
U.S. Government Accountability Office (GAO) - Reports
April 6, 2010 -- Report to Congressional Committees, Troubled Asset Relief Program: Automaker Pension Funding and Multiple Federal Roles Pose Challenges for the Future.
March 25, 2010-- Testimony Before the Committee on Oversight and Government Reform, House of Representatives, Troubled Asset Relief Program: Home Affordable Modification Program Continues to Face Implementation Challenges.
February 5, 2010 -- Report to Congressional Committees, Troubled Asset Relief Program: Treasury Needs to Strengthen Its Decision-Making Process on the Term Asset-Backed Securities Loan Facility.
December 16, 2009 -- Testimony Befor the Subcommittee on Domestic Policym Committee on Oversight and Government Reform, House of Representatives, Troubled Asset Relief Program: The U.S. Government Role as Shareholder in AIG, Citigroup, Chrysler, and General Motors and Preliminary Views on its Investment Management Activities.
December 9, 2009 -- Report to Congressional Committees, FINANCIAL AUDIT, Office of Financial Stability (Troubled Asset Relief Program) Fiscal Year 2009 Financial Statements.
November 2, 2009 -- Report to Congressional Committees, Troubled Asset Relief Program: Continued Stewarship Needed as Treasury Develops Strategies for Monitoring and Divesting Finanacial Interest in Chrysler and GM.
October 8, 2009 -- Report to congressional Committees, Troubled Asset Relief Program: One Year Later, Actions Are Needed to Address Remaining Transparency and Accountability Challenges.
September 29, 2009 -- Testimony Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, FINANCIAL REGULATION: Recent Crisis Reaffirms the Need to Overhaul the U.S. Regulatory System.
September 24, 2009 -- Testimony Before the Committee on Banking, Housing, and Urbank Affairs, U.S. Senate, Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues.
September 21, 2009 -- Report to Congressional Committees, Troubled Asset Relief Program: Status of Government Assistance Provided to AIG.
July 23, 2009 -- Report to Congressional Committees, Trobled Asset Relief Program: Treasury Actions Needed to Make the Home Affordable Modification Program More Transparent and Accountable.
July 22, 2009 -- Testimony Before the Subcommittee on Oversight and Investigations, Committe on Financial Services, House of Representatives, Troubled Asset relief Program: Status of Efforts to Address Transparency and Accountability Issues.
July 22, 2009 -- Report to Congressional Committees, FINANCIAL MARKETS REGULATION: Financial Crisis Highlights Need to Improve Oversight of Leverage at Financial Institutions and across the System.
July 9, 2009 -- Testimony Before the Commitete on Financial Services, House of Representatives, Troubled Asset Relief Program: Status of Participants’ Dividend Payments and Repurchases of Preferred Stock and Warrants.
June 17, 2009 -- Report to Congressional Committees, Troubled Asset Relief Program: June 2009 Status of Efforts to Address Transparency and Accountability Issues.
March 31, 2009 -- Report to Congressional Committees, Troubled Asset Relief Program: March 2009 Status of Efforts to Address Transparency and Accountability Issues.
March 31, 2009 -- Testimony Before the Committe on Finance, U.S. Senate, Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues.
March 25, 2009 -- Testimony Before the Subcommittee on Government Management, Organization, and Procurement, House Committee on Oversight and Government Reform, INSPECTORS GENERAL: Idependent Oversight of Financial Regulatory Agencies.
March 19, 2009 -- Testimony Before the Subcommittee on Oversight, Committee on Ways and Means, House of Representatives, Troubled Asset Relief Program: Status of Efforts to Address and Accountability Issues.
March 19, 2009 -- Testimony Before the Subcommittee on Securities, Insurance, and Investments, Committee on Banking, Housing, and Urban Affairs, U.S. Senate, FINANCIAL REGULATION: Review of Regulators' Oversight of Risk Management Systems at a Limited Number of Large, Complex Financial Institutions.
March 11, 2009 -- Testimony Before the Subcommittee on Domestic Policy, Committee on Oversight and Government Reform, House of Representatives, Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues.
March 5, 2009 -- Testimony Before the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, SYSTEMIC RISK: Regulatory Oversight and Recent Initiatives to Address Risk Posed by Credit Default Swaps.
February 24, 2009 -- Testimony Before the Subcommittee on Oversight and Investigations, Committee on Financial Services, House of Representatives, Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues.
February 5, 2009 -- Testimony Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues.
February 4, 2009 -- Testimony Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, FINANCIAL REGULATION: A Framework for Crafting and Assessing Proposals to Modernize the Outdated U.S. Financial Regulatory System.
January 30, 2009 -- Report to Congressional Committees, Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues.
January 21, 2009 -- Testimony Before the Committee on Homeland Security and Governmental Affairs, U.S. Senate, FINANCIAL REGULATION: A Framework for Crafting and Assessing Proposals to Modernize the Outdated U.S. Financial Regulatory System.
January 14, 2009 -- Testimony Before the Congressional Oversight Panel, FINANCIAL REGULATION: A Framework for Crafting and Assessing Proposals to Modernize the Outdated U.S. Financial Regulatory System.
January 8, 2009 -- Report to Congressional Addressees, FINANCIAL REGULATION: A Framework for Crafting and Assessing Proposals to Modernize the Outdated U.S. Financial Regulatory System
December 10, 2008 -- Testimony Before the Committee on Financial Services, House of Representatives, Troubled Asset Relief Program: Additional Actions Needed to Better Ensure Integrity, Accountability, and Transparency.
December 4, 2008 -- Testimony Before the Subcommittee on Financial Services and General Government, Committee on Appropriations, U.S. Senate, Troubled Asset Relief Program: Status of Efforts to Address Defaults and Foreclosures on Home Mortgages.
December 2, 2008 -- Report to Congressional Committees, Troubled Asset Relief Program: Additional Actions Needed to Better Ensure Integrity, Accountability, and Transparency.
September 14, 2009 -- Next Phase of Government Financial Stabilization and Stabilization and Rehabilitation Policies
February 24, 2009 -- Subcommittee on Oversight and Investigations held a hearing entitled: "A Review of TARP Oversight, Accountability and Transparency for U.S. Taxpayers"
January 16, 2009 -- Congressional Budget Office Report- The Troubled Asset Relief Program: Report on Transactions Through December 31, 2008
January 16, 2009 -- First report of the Financial Stability Board, Ben S. Bernanke, Chairperson For the quarter ending December 31, 2008
January 15, 2009 -- Letter of Larry Summers, Director-designate National Economic Council
January 12, 2009 -- Report detailing the plan of the Secretary of the Treasury to exercise the authority under the Emergency Economic Stabilization Act of 2008
January 12, 2009 -- Letter of Larry Summers, Director-designate National Economic Council
January 9, 2009 -- H.R. 384: "TARP Reform and Accountability Act of 2009"
January 2009 -- Congressional Budget Office Report- The Troubled Asset Relief Program: Report on Transactions Through December 31, 2008
