Report on the Troubled Asset Relief Program

In October 2008, the Emergency Economic Stabilization Act of 2008 (Division A of Public Law 110-343) established the Troubled Asset Relief Program (TARP) to enable the Department of the Treasury to promote stability in financial markets through the purchase and guarantee of “troubled assets.” Section 202 of that legislation requires the Office of Management and Budget (OMB) to submit semiannual reports on the costs of the Treasury’s purchases and guarantees of troubled assets. The law also requires the Congressional Budget Office (CBO) to prepare an assessment of each OMB report within 45 days of its issuance.

Report on the Troubled Asset Relief Program

In October 2008, the Emergency Economic Stabilization Act of 2008 (Division A of Public Law 110-343) established the Troubled Asset Relief Program (TARP) to enable the Department of the Treasury to promote stability in financial markets through the purchase and guarantee of “troubled assets.” Section 202 of that legislation requires the Office of Management and Budget (OMB) to submit semiannual reports on the costs of the Treasury’s purchases and guarantees of troubled assets. The law also requires the Congressional Budget Office (CBO) to prepare an assessment of each OMB report within 45 days of its issuance.

Posted 2 years ago
31 notes
  1. pod313 reblogged this from sunfoundation
  2. betteryourbrain reblogged this from sunfoundation
  3. ayjayk reblogged this from publicradiointernational
  4. richardbehling reblogged this from sunfoundation
  5. awesomeocelot reblogged this from sunfoundation
  6. silas216 reblogged this from sunfoundation
  7. jakobdulin reblogged this from publicradiointernational
  8. tiffehr reblogged this from planetmoney
  9. kennyjacobs reblogged this from publicradiointernational
  10. kiplinger reblogged this from publicradiointernational
  11. publicradiointernational reblogged this from planetmoney and added:
    If you’re wondering how much money went to bailing out financial institutions and car companies via TARP …
  12. dixiefunk-design reblogged this from sunfoundation
  13. planetmoney reblogged this from sunfoundation
  14. churchonthemove reblogged this from sunfoundation
  15. sunfoundation posted this