Congressional Oversight Panel (COP)

Enacted under s. 125

732 North Capitol St., NW, Rooms C-320 and C-617, Mailstop: COP
Washington, DC 20401

The COP produces a monthly report in addition to producing a special report on regulatory reform (HL).  The Panel reviews the program’s administration, purchases’ impact on markets and insitutions, transparency and effectiveness.  It has the power to retain outside experts and consulatants to aid in reporting.
The COP may take formal testimony and evidence.

Reports:  Monthly s. 125(b)(1)(B)
Special regulatory reform (once) s. 125(a)(2)

Membership:

• Elizabeth Warren, Chairwoman, Leo Gottlieb Professor of Law at Harvard Law School
• Rep. Jeb Hensarling (R-TX)
• Richard H. Neiman, Superintendent of Banks for the State of New York
• Damon Silvers, Associate General Counsel of the AFL-CIO
• Former US Senator John E. Sununu

 

2/06/09
The Third Report: Valuing Treasury’s Acquisitions

• Elizabeth Warren’s Overview: video
• Press Release

Duff & Phelps’ analysis of purchases

•    Valuation Report
•    Appendix I
•    Appendix II
•    Appendix III

Legal Analysis of the Investments by the U.S. Department of the Treasury in Financial Institutions under the Troubled Asset Relief Program (Released 2/06/09 dated 1/28/09)

1/29/09
Special Report on Regulatory Reform

• Summary, Part I
• Summary, Part II
• Elizabeth Warren’s Overview: video
• Press Release

1/14/09
Special Congressional Hearing on Regulatory Reform: video
Prepared Testimony:

• Gene L. Dodaro, “A Framework for Crafting and Assessing Proposals to Modernize the Outdated U.S. Financial Regulatory System,” Acting Comptroller General of the United States, Government Accountability Office
• Sarah Bloom Raskin, Commissioner of the Maryland Office of Financial Regulation
• Robert Shiller, Economist at Yale University
• Joel Seligman, President of the University of Rochester
• Joseph E. Stiglitz, Ph.D., Nobel Laureate and University Professor at Columbia Business School
• Marc Sumerlin, Managing Director and Co-Founder at the Lindsey Group
• Peter J. Wallison, Fellow at the American Enterprise Institute

1/09/09
The Second Report: Accountability for the Troubled Asset Relief Program

• Elizabeth Warren’s Overview: video

12/16/09
Clark County, NV: Ground Zero of the Housing and Financial Crises
Overview and Witness List
Video of hearing

12/10/08
The First Report: Questions About the $700 Billion Emergency Economic Stabilization Funds

• Elizabeth Warren’s Welcome: video
• 12/31/08 Department of Treasury response to the First COP Report