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Reporting Requirements in the Emergency Economic Stabilization Act Of 2008 (EESA)

Reporting Requirements in the Emergency Economic Stabilization Act Of 2008 (EESA)
Author: Curtis W. Copeland
Publisher: DIANE Publishing
Total Pages: 20
Release: 2011-05
Genre: Law
ISBN: 1437922805

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EESA established numerous reporting requirements regarding a variety of issues. The entities charged with preparation of these reports include both new entities established by the act as well as agencies and officials who existed before the enactment of EESA. The recipients of these reports also vary, as well as their timing, frequency, and factors that trigger their development. All of the reports appear to share a common purpose ¿ to provide info. to Congress and other entities on the implementation of the act¿s provisions. No single entity receives all of the EESA reports. Only one of the reports is required to be made to the public, and it is unclear whether the other reports will ultimately be provided to the public. Charts and tables. This is a print on demand report.


Reporting Requirements in the Emergency Economic Stabilization Act of 2008

Reporting Requirements in the Emergency Economic Stabilization Act of 2008
Author:
Publisher:
Total Pages: 0
Release: 2008
Genre:
ISBN:

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Congress" in the act to mean "(A) the Committee on Banking, Housing, and Urban Affairs, the Committee on Finance, the Committee on the Budget, and the Committee on Appropriations of the Senate; and (B) the Committee on Financial Services, the Committee on Ways and Means, the Committee on the Budget, and the Committee on Appropriations of [...] Section 105(a) of the act states that, "Before the expiration of the 60-day period beginning on the date of the first exercise of the authority granted in section 101(a), or of the first exercise of the authority granted in section 102, whichever occurs first, and every 30-day period thereafter, the Secretary [of the Treasury] shall report to the appropriate committees of Congress [...] Section 105(b)(1) of the act requires the Secretary of the Treasury to provide to the "appropriate committees of Congress" a written report, including (A) a description of all of the transactions made during the reporting period; (B) a description of the pricing mechanism for the transactions; (C) a justification of the price paid for and other financial terms associated with the [...] The act also requires the Department of the Treasury to "reimburse the Government Accountability Office for the full cost of any such audit." Section 116(d) requires that these audits be sent to the COP.32 According to GAO, the GAO audit will also be sent to the "appropriate committees of Congress." Section 116(e) of the act states that this reporting responsibility ends on "(1) the date that the [...] C. 343; relating to discounts for individuals, partnerships, and corporations) the Board shall provide to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report which includes (1) the justification for exercising the authority; and (2) the specific terms of the actions of the Board, including the size and.


Emergency Economic Stabilization Act

Emergency Economic Stabilization Act
Author: Curtis W. Copeland
Publisher:
Total Pages: 0
Release: 2008
Genre:
ISBN:

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This report discusses the Emergency Economic Stabilization Act of 2008, which provides authority for the Secretary of the Treasury to purchase and insure "troubled assets" to provide stability and prevent disruption in the economy and financial system.


Troubled Asset Relief Program

Troubled Asset Relief Program
Author: U. S. Department U.S. Department of the Treasury
Publisher: Createspace Independent Publishing Platform
Total Pages: 42
Release: 2016-11-21
Genre:
ISBN: 9781540532596

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TARP was created more than four years ago by the Emergency Economic Stabilization Act of 2008 (EESA) as part of a broad-based federal response to the financial crisis. Thanks to TARP and the other emergency actions taken by the government, as well as the financial reforms that are being put in place, our economy is stronger, banks are better capitalized, the weakest parts of the financial system no longer exist, struggling homeowners have seen relief, and credit is more available to consumers and small businesses.


Troubled Asset Relief Program

Troubled Asset Relief Program
Author: United States Government Accountability
Publisher: Createspace Independent Publishing Platform
Total Pages: 58
Release: 2016-11-07
Genre:
ISBN: 9781539960331

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The Emergency Economic Stabilization Act of 2008 (EESA) authorized Treasury to create TARP, designed to restore liquidity and stability to the financial system and to preserve homeownership by assisting borrowers struggling to make their mortgage payments. Congress reduced the initial authorized amount of $700 billion to $475 billion as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. EESA also required that GAO report every 60 days on TARP activities in the financial and mortgage sectors. This report provides an update on the condition of all TARP programs-nonhousing and housing-as of September 30, 2014.