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- Blog Post
Today CBO released the latest in a series of statutory reports on transactions undertaken as part of the Troubled Asset Relief Program (TARP)—the program established in October 2008, during the financial crisis, to enable the Department of the Treasury to promote stability in financial markets through the purchase and guarantee of "troubled assets."
- Report
Congress created the Troubled Asset Relief Program (TARP) in 2008 to stabilize financial markets.
- Cost Estimate
As introduced in the United States Senate on May 10, 2012 The Home Affordable Refinance Program (HARP) is administered by the Federal Housing Finance Agency (FHFA) to assist certain homeowners with refinancing mortgages that are guaranteed by Fannie Mae and Freddie Mac, also known collectively as the housing government-sponsored enterprises, or GSEs. S. 3085 would require the FHFA to expand the number of homeowners that are eligible to participate in HARP and reduce the initial costs of the program to homeowners. The bill also would:
- Cost Estimate
As ordered reported by the House Committee on Oversight and Government Reform on June 27, 2012 H.R. 459 would direct the Government Accountability Office (GAO) to prepare audits of the Board of Governors of the Federal Reserve System and the Federal Reserve banks. The first audit would cover all of the activities of the Federal Reserve, and the second would review loan files of foreclosed homeowners.
- Cost Estimate
As ordered reported by the House Committee on Financial Services on June 27, 2012
- Blog Post
The federal government provides credit assistance to individuals and businesses in the form of direct loans and through guarantees of loans made by private financial institutions. In a report requested by the Chairman and Ranking Member of the Senate Budget Committee, CBO provides an illustrative analysis of the federal government’s costs for those credit programs following two approaches:
- Report
CBO provides an illustrative analysis of the federal government’s costs for credit programs following two approaches.
- Cost Estimate
As ordered reported by the House Committee on Financial Services on May 31, 2012 H.R. 3128 would allow a depository institution holding company to use one of two reporting dates to determine whether it must phase out the use of certain financial instruments as regulatory capital. CBO estimates that enacting the legislation would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
- Cost Estimate
As ordered reported by the House Committee on Small Business on March 7, 2012
- Cost Estimate
As ordered reported by the House Committee on Financial Services on February 16, 2012