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TARP Watchdog Finally Gets Expanded Authority

First Posted: 04/25/09 06:12 AM ET Updated: 05/25/11 02:10 PM ET

Congress Bailout

Project On Government Oversight:

After months of waiting, Neil Barofsky, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), will finally be given the resources and authority he needs to keep a close watch on the bailout.

This afternoon the House passed the Special Inspector General for the Troubled Asset Relief Program Act of 2009 by a vote of 423-0. The bill, which was originally introduced in the Senate by Claire McCaskill (D-MO), clarifies Barofsky's authority to investigate a wide range of expenditures under the ever-changing TARP. It also gives him the authority to quickly hire new employees and retired government auditors (as we recommended in our recently released IG accountability report).

Read the whole story: Project On Government Oversight

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Filed by Marcus Baram  |