Congressional Oversight Panel

In response to the escalating crisis, on October 3, 2008, Congress provided the U.S. Treasury with the authority to spend $700 billion to stabilize the U.S. economy. Congress created the Office of Financial Stability (OFS) within Treasury to implement a Troubled Asset Relief Program (TARP). At the same time, Congress created a Congressional Oversight Panel (COP) to “review the current state of financial markets and the regulatory system.” COP is empowered to hold hearings, review official data, and write reports on actions taken by Treasury and financial institutions and their effect on the economy.

http://cop.senate.gov/

Source Category:

• Government Agency (US)

Articles:

• Examining the Consequences of Mortgage Irregularities for Financial Stability and Foreclosure Mitigation
  November 16, 2010 18:13
• Commercial Real Estate Losses and the Risk to Financial Stability
  February 24, 2010 12:57
• June oversight report: Stress testing and shoring up bank capital
  June 11, 2009 05:09
• COP Report: Modernizing the American Financial Regulatory System
  January 29, 2009 21:16