{
  "id": "R40099",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "R40099",
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  "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department",
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      "id": 354506,
      "date": "2009-09-10",
      "retrieved": "2016-04-07T02:17:50.225356",
      "title": "The Special Inspector General for the Troubled Asset Relief Program (SIGTARP)",
      "summary": "This report discusses the Special Inspector General provisions in the Emergency Economic Stabilization Act of 2008 (EESA), which was enacted as P.L. 110-343 on October 3, 2008. This act created a Special Inspector General for the Troubled Asset Relief Program (SIGTARP). Under EESA, TARP funds may be used by the Secretary of the Treasury to purchase \u201ctroubled assets,\u201d defined to include both mortgage-related financial instruments and \u201cany other financial instrument that the Secretary, after consultation with the Chairman of the Board of Governors of the Federal Reserve System, determines the purchase of which is necessary to promote financial market stability.\u201d The broad authorities provided to the SIGTARP by EESA have not changed even though the Secretary of the Treasury has modified the approach to stabilize the financial industry through the TARP.\nThe 111th Congress has passed two bills containing provisions related to SIGTARP. P.L. 111-15 (S. 383/H.R. 1341), the Special Inspector General for the Troubled Asset Relief Program Act of 2009, was enacted on April 24, 2009, and addresses the SIGTARP\u2019s auditing, investigative, and hiring authorities. P.L. 111-22, the Helping Families Save Their Homes Act of 2009 (H.R. 1106/S. 895/S. 896), was enacted on May 20, 2009, and contains provisions concerning SIGTARP in the context of public-private investment funds. Other bills addressing the SIGTARP include H.R. 384 (which passed the House on January 21, 2009), H.R. 1242, H.R. 3179, S. 910, and S. 976. \nThis report will compare the duties and authorities of the SIGTARP to those of the Special Inspector General for Iraq Reconstruction (SIGIR) and the Special Inspector General for Afghanistan Reconstruction (SIGAR), as well as statutory IGs under the Inspector General Act of 1978, as amended (IG Act). \nThe report will also cover the authority that Inspectors General possess to conduct audits and investigations. Finally, the report will provide an overview of the SIGTARP\u2019s request to TARP recipients regarding their use or expected use of TARP funds, as well as their plans for following executive compensation limitations, and possible issues raised by the Paperwork Reduction Act.",
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    },
    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc463346/",
      "id": "R40099_2009Jan14",
      "date": "2009-01-14",
      "retrieved": "2014-12-05T09:57:41",
      "title": "The Special Inspector General for the Troubled Asset Relief Program",
      "summary": "This report discusses the Special Inspector General provisions in the Emergency Economic Stabilization Act of 2008, H.R. 1424, which was enacted as P.L. 110-343 on October 3, 2008. This Act created a Special Inspector General (SIG) for the Troubled Asset Relief Program (TARP). This report will compare the duties and authorities of the SIG TARP to those of the Special Inspector General for Iraq Reconstruction (SIGIR) and the Special Inspector General for Afghanistan Reconstruction (SIGAR), as well as statutory IGs under the Inspector General Act of 1978, as amended (IG Act).",
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      ],
      "topics": [
        {
          "source": "LIV",
          "id": "Economic policy",
          "name": "Economic policy"
        },
        {
          "source": "LIV",
          "id": "Economic stabilization",
          "name": "Economic stabilization"
        },
        {
          "source": "LIV",
          "id": "Economic policy -- Law and legislation",
          "name": "Economic policy -- Law and legislation"
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          "id": "Inspectors general",
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