facebook
twitter
search
search

Hearing to focus on TARP waste prevention

March 6, 2009 at 4:42 PM

WASHINGTON, March 6 (UPI) -- Rep. Dennis Kucinich, D-Ohio, says he wants the U.S. Treasury Department to explain its efforts to prevent waste and abuse of federal bailout funds for banks.

Kucinich, chairman of the Domestic Policy Subcommittee of the Oversight and Government Reform Committee, scheduled a hearing Wednesday to evaluate the department's data collection procedures for monitoring use of funds allocated from the Troubled Assets Relief Program.

The hearing also will examine Treasury's ability to detect and prevent waste and misuse of TARP monies, as well as look into examples of how TARP recipients spent their funds, the Ohio congressman said in a release.

Related UPI Stories
Latest Headlines
Trending Stories
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting