Hearings

TARP Accountability and Oversight: Achieving Transparency.”

Mar 11 2009 9:11 AM

 

Washington, D.C. - The Joint Economic Committee (JEC), chaired by Congresswoman Carolyn B. Maloney, held a hearing on Wednesday, March 11, 2009, in Dirksen Room 106 entitled “TARP Accountability and Oversight: Achieving Transparency.”  Members of the Congressional Oversight Panel (COP) for the Emergency Economic Stabilization Act and other expert witnesses discussws TARP’s ability to track what recipients of TARP funds have done with the money, and whether the program is a cost-effective use of taxpayer funds. Witnesses examined the degree to which the TARP has succeeded in its stated goals, the reasons for its success or lack thereof, and specific legislative or other steps that should be taken to enhance the success of the program.

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