House Financial Services Committee Schedules Oversight Hearings to Examine the Emergency Economic Stabilization Act's Troubled Asset Relief Program
On Wednesday, November 12 and Tuesday, November 18 the House Financial Services Committee will examine the $700 billion Troubled Asset Relief Program ("TARP") under the Emergency Economic Stabilization Act of 2008 (the "Act"). Although the Committee has not yet released a witness list, the hearings will look closely at how the Treasury Department is coordinating with both the Federal Reserve and the FDIC under TARP and the Act. Specifically, the hearings will focus on bank recapitalization, market volatility and foreclosure reduction.
Click here for the Committee's press release, and continue to monitor this web page for the latest updates on the Committee's witnesses and all other news on the Act.
