Search: TARP

House Republicans are going out of their way to pull a fast one on the American people. Today they are calling for a vote to end TARP early – but Democrats in the House already enacted Wall Street Reform legislation that killed… Continue

“According to news reports, the Obama Administration will soon announce that companies receiving large amounts of TARP money will have to cut the compensation of their top executives. When it comes to these bonuses and excessive compensation, President Obama and Congress agree: enough is enough.”

Strengthening oversight of TARP is critical to ensuring that taxpayers' funds are protected and invested prudently. Today, the House passed a bill to expand the Special Inspector General's (SIG) authority to oversee the financial rescue program enacted last fall by the Bush… Continue

The Chicago Tribune reports: Northern Trust Corp., which in November received about $1.5 billion as part of the U.S. Treasury Department’s Troubled Asset Relief Program, defended Tuesday its wining and dining of clients during the recent Northern Trust Open in California. Entertainment… Continue

The House Financial Services Committee is holding a hearing this morning on TARP accountability and the use of federal assistance by the first TARP recipients. The eight CEOs representing companies who received TARP funds are testifying. Watch the live webcast (starting at… Continue

“President Obama and Congress are committed to seeing that funds under the Troubled Asset Relief Program (TARP) are used responsibly, with full accountability and transparency, and that help is provided to Americans in danger of losing their homes. Chairman Frank’s bill achieves these objectives and ensures that the TARP functions as Congress originally intended.”

Today, the House passed the TARP Reform and Accountability Act (HR 384) by a vote of 260-166 to amend the Troubled Assets Relief Program (TARP) provisions of the Emergency Economic Stabilization Act of 2008 (EESA) to: strengthen accountability, close loopholes, increase transparency… Continue

“The Senate has cleared the release of the second half of TARP, but now the process must ensure that there will be full accountability and transparency to the taxpayers and that substantial assistance will go to homeowners facing foreclosure. That was Congress’ original intent, which was ignored by the Bush Administration.”

“Congress will soon receive a formal request from the Bush Administration to release the second half of the financial rescue funds. The request comes the same week the House will vote on Chairman Barney Frank’s reform and accountability legislation to address the many shortcomings in the Bush Administration’s handling of the first $350 billion in TARP funds, used largely to bolster the balance sheets of banks. Millions of Americans have lost their jobs or face the prospect of foreclosure, and it is past time that we helped these families bolster their balance sheets.”

Congress will soon receive a formal request from the Bush Administration to release the second half of the financial rescue funds. The request comes the same week the House will vote on Chairman Barney Frank's reform and accountability legislation to address the… Continue