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Troubled Asset Relief Program: GAO's Oversight of the Troubled Asset Relief Program Activities

GAO-13-840R Published: Sep 06, 2013. Publicly Released: Sep 06, 2013.
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What GAO Found

GAO's oversight has been comprehensive. To date, we have issued 65 products on the Troubled Asset Relief Programs (TARP) and activities and we have made 99 performance and financial statement audit recommendations. Our reviews have focused on several key areas, including the activities initiated under TARP and the challenges encountered in implementing them, Treasury's process for deciding how to unwind TARP programs and investments and the actions taken to terminate the programs and exit the investments, indicators of credit conditions in markets targeted by TARP programs, the management infrastructure for TARP programs, and the status of our recommendations to Treasury. Some of our reports have identified findings related to the effectiveness, accountability, and transparency of Treasury's management of TARP programs and its communication strategy.

Why GAO Did This Study

The Emergency Economic Stabilization Act of 2008 provided GAO with broad oversight authorities for actions taken under TARP and required that we report at least every 60 days on TARP activities and performance.

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AuditsAutomobile industryBank failuresCreditEconomic stabilizationFinancial markets regulationFinancial statement auditsHousingInvestmentsLending institutionsMortgage programsPerformance appraisalAudit recommendationsTroubled Asset Relief Program