{
  "id": "RL34740",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "RL34740",
  "active": false,
  "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 342387,
      "date": "2009-01-13",
      "retrieved": "2016-04-07T02:54:34.318138",
      "title": "Reporting Requirements in the Emergency Economic Stabilization Act of 2008",
      "summary": "The Emergency Economic Stabilization Act of 2008 (EESA, Division A of H.R. 1424, P.L. 110-343) established numerous reporting requirements regarding a variety of issues, and many of those reports have already been published. The entities charged with preparation of these reports include both new entities established by the act (e.g., the Financial Stability Oversight Board and the Congressional Oversight Panel) as well as agencies and officials who existed before the enactment of EESA (e.g., the Secretary of the Treasury and the Comptroller General of the United States). The recipients of these reports also vary, as well as their timing, frequency, and factors that trigger their development. These differences notwithstanding, all of the EESA reports appear to share a common purpose\u2014to provide information to Congress and other entities on the implementation of the act\u2019s provisions.\nNo single entity receives all of the EESA-required reports. It is not readily apparent why some of the reports are to be sent to a particular set of eight \u201cappropriate committees,\u201d some to a subset of those committees, and some to Congress as a whole. Although one of the purposes of the legislation is to provide \u201cpublic accountability\u201d for the use of EESA authorities, only one of the reports is required to be made to the public. Some of the reports are required to be submitted very quickly, but other reports are not required for years. Some of the reporting requirements are recurring (e.g., every 30 days, or quarterly), while others are one-time requirements. Most of the requirements include clear starting points for the submission of the reports, but in some cases, the starting points are unclear.\nMany of the act\u2019s reporting requirements seem to address the same or similar issues. The number and variety of the required reports may have been intended to provide a variety of perspectives on the implementation of EESA, but the lack of integration of those requirements may make understanding the implementation of the act difficult. Also, given the nature of the \u201ctroubled assets\u201d currently being purchased under the act (i.e., bank stock instead of mortgages or other instruments related to mortgages), it is unclear whether some of the specific requirements are still relevant. Other information that is not specifically required by the act (e.g., how the federal funds are being used by the recipients) may be more helpful to Congress and others as they conduct oversight of the program. Finally, some of the reporting requirements expire on the date that the last troubled asset is sold or transferred, or the date that the last insurance contract expires. Without some kind of a lag period for these requirements, a complete history of the transactions may not be provided.\nThis report will be updated when new information becomes available.",
      "type": "CRS Report",
      "typeId": "REPORTS",
      "active": false,
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        },
        {
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          "url": "http://www.crs.gov/Reports/pdf/RL34740",
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      ],
      "topics": []
    },
    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc795526/",
      "id": "RL34740_2008Nov13",
      "date": "2008-11-13",
      "retrieved": "2016-01-13T14:26:20",
      "title": "Reporting Requirements in the Emergency Economic Stabilization Act of 2008",
      "summary": "This report describes the various reporting requirements in the Emergency Economic Stabilization Act of 2008 (EESA) and is organized according to the entities required to prepare and submit the reports. The report also provides some concluding observations regarding those requirements.",
      "type": "CRS Report",
      "typeId": "REPORT",
      "active": false,
      "formats": [
        {
          "format": "PDF",
          "filename": "files/20081113_RL34740_7c65a6a8055fc5dd0559291b1906d902749c9311.pdf"
        },
        {
          "format": "HTML",
          "filename": "files/20081113_RL34740_7c65a6a8055fc5dd0559291b1906d902749c9311.html"
        }
      ],
      "topics": [
        {
          "source": "LIV",
          "id": "Economic policy",
          "name": "Economic policy"
        },
        {
          "source": "LIV",
          "id": "Economic conditions",
          "name": "Economic conditions"
        },
        {
          "source": "LIV",
          "id": "Federal aid programs",
          "name": "Federal aid programs"
        },
        {
          "source": "LIV",
          "id": "Financial crises",
          "name": "Financial crises"
        },
        {
          "source": "LIV",
          "id": "Business cycles",
          "name": "Business cycles"
        }
      ]
    }
  ],
  "topics": []
}