Troubled Asset Relief Program

E79682

United States federal government program financial bailout program

The Troubled Asset Relief Program (TARP) was a U.S. government bailout initiative launched in 2008 to stabilize the financial system by purchasing or guaranteeing troubled assets and injecting capital into struggling institutions.

Aliases (6)

TARP ×1
TARP Asset Guarantee Program ×1
TARP Capital Assistance Program ×1
TARP Capital Purchase Program ×1
TARP Public-Private Investment Program ×1
TARP bailout program ×1

Statements (50)

Predicate	Object
instanceOf	United States federal government program → financial bailout program →
administeredBy	Office of Financial Stability →
appliesToJurisdiction	United States of America →
appliesToSector	automotive industry → banking → housing finance → insurance industry →
authorizedBy	United States Congress →
country	United States →
criticizedFor	moral hazard concerns → perceived favoritism toward large financial institutions →
endTime	2014 →
enforcedBy	United States Department of the Treasury →
fundingSource	U.S. Treasury borrowing →
hasPurpose	prevent systemic collapse of major financial institutions → restore liquidity and capital to financial markets → stabilize the U.S. financial system → support housing and mortgage markets →
inception	2008 →
initialStrategy	purchase troubled mortgage-related assets →
keyProgram	Asset Guarantee Program → Automotive Industry Financing Program → Capital Purchase Program → Home Affordable Modification Program → Public-Private Investment Program → Targeted Investment Program →
legislatedBy	Emergency Economic Stabilization Act of 2008 →
legislativeStatus	expired program →
mainRegulatoryText	Emergency Economic Stabilization Act of 2008 →
maximumAuthorizedAmount	700000000000 USD →
notablePresidentDuringContinuation	Barack Obama →
notablePresidentDuringImplementation	George W. Bush →
notableRecipient	American International Group → Bank of America → Chrysler → Citigroup → General Motors →
oversightBody	Congressional Oversight Panel → Government Accountability Office → Special Inspector General for the Troubled Asset Relief Program →
praisedFor	preventing potential collapse of major banks → stabilizing financial markets during the 2008 crisis →
reducedAuthorizedAmount	475000000000 USD →
relatedToEvent	2007–2008 financial crisis → Great Recession →
repaymentOutcome	most funds were repaid with interest and dividends →
revisedStrategy	inject capital directly into financial institutions →
shortName	TARP →
startTime	October 2008 →

Referenced by (11)

Subject (surface form when different)	Predicate
Office of Financial Stability (historical) → Office of Financial Stability (historical) ("TARP Capital Purchase Program") → Office of Financial Stability (historical) ("TARP Capital Assistance Program") → Office of Financial Stability (historical) ("TARP Public-Private Investment Program") → Office of Financial Stability (historical) ("TARP Asset Guarantee Program") →	programAdministered
Great Recession recovery →	hasKeyPolicy
2008 United States housing and financial crisis ("TARP bailout program") →	majorEvent
Automotive Industry Financing Program →	partOf
U.S. auto industry crisis of 2008–2010 →	programUsed
Troubled Asset Relief Program ("TARP") →	shortName
Presidential Task Force on the Auto Industry →	useOfFunds