The Congressional Oversight Panel

The same legislation that authorized Treasury to spend $700 billion to stabilize the U.S. economy also created the Congressional Oversight Panel to oversee the expenditure of taxpayer funds. 

The Panel is empowered to:

• hold hearings,
• review official data, and
• write reports on actions taken by Treasury and financial institutions and their effect on the economy. 

Reports

Through regular reports, the Panel must oversee Treasury���s actions, assess the impact of spending to stabilize the economy, evaluate market transparency, ensure effective foreclosure mitigation efforts, and guarantee that Treasury���s actions are in the best interests of the American people. 

Asking Questions on Behalf of Americans

The Panel is here to ask the questions that all Americans have a right to ask:

• who got the money,
• what have they done with it,
• how has it helped the country, and
• how has it helped ordinary people?

Regulatory Reform

In addition, Congress has instructed the Panel to produce a special report on regulatory reform that will analyze ���the current state of the regulatory system and its effectiveness at overseeing the participants in the financial system and protecting consumers.���