House Panel Calls For Bailout Reports From Treasury

Law360, New York (August 27, 2009, 3:46 PM EDT) -- The U.S. Department of the Treasury could be called to account before Congress on its role in the massive U.S. financial stabilization strategy, including the Troubled Asset Relief Program, if an appropriations bill passed by a U.S. House of Representatives committee receives approval from the full House.

The House Appropriations Committee on Tuesday passed its 2010 financial services spending bill, which contains a policy stipulation that would require Treasury Department officials to send Congress quarterly reports, beginning as soon as Dec. 1, on progress it has...
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