Congressional Oversight Panel - COP

DEFINITION of 'Congressional Oversight Panel - COP'

A panel created by the U.S. Congress in 2008 to oversee for the U.S. Treasury's actions aimed at stabilizing the U.S. economy. The Congressional Oversight Panel (COP) is empowered to review official data and hold hearings in order to develop reports to assess the effect of the Treasury's actions on the economy.

BREAKING DOWN 'Congressional Oversight Panel - COP'

The COP was also instructed to review the current state of the financial system and evaluate the regulatory system's effectiveness in overseeing financial markets and protecting consumers. The creation of the COP was in conjunction with the creation of the Office of Stabilization (OFS) within the U.S. Treasury, that was used to implement $700 billion dollars of Federal spending through the Troubled Asset Relief Program (TARP).

RELATED TERMS
  1. Ben Bernanke

    The chairman of the board of governors of the U.S. Federal Reserve ...
  2. Stabilization Policy

    A macroeconomic strategy enacted by governments and central banks ...
  3. Troubled Asset Relief Program - ...

    A government program created for the establishment and management ...
  4. U.S. Treasury

    Created in 1798, the United States Department of the Treasury ...
  5. Bailout

    A situation in which a business, individual or government offers ...
  6. Veterans Administration

    Now a U.S. cabinet department that provides patient care, veterans' ...
Related Articles
  1. Insurance

    Liquidity And Toxicity: Will TARP Fix The Financial System?

    TARP is the government's attempt to forestall a deep, extended recession. Will it work?
  2. Bonds & Fixed Income

    Bailout Acronyms 101

    The subprime meltdown gave rise to a mouthful of financial acronyms. Learn how to sort through this alphabet soup.
  3. Active Trading Fundamentals

    The Fall Of The Market In The Fall Of 2008

    How did America's strong economy tumble so quickly? Find out here.
  4. Economics

    8 Harmful Side Effects of Continued European Quantitative Easing (Q.E.)

    Read about eight harmful side effects of European Central Bank's decision to boost its quantitative easing (QE) program and push interest rates even lower.
  5. Investing News

    The Probability Of Hillary Clinton as President

    What are the chances that Hillary Clinton will become president of the United States?
  6. Active Trading Fundamentals

    The Short and Distort: Stock Manipulation in a Bear Market

    High-quality stock reports needn't be confused with stock manipulators' dramatic claims.
  7. Economics

    Explaining the Federal Reserve System

    The Federal Reserve System is the central bank of the United States. It regulates monetary policy and supervises the nation’s banking system.
  8. Investing News

    SocGen Economist: Recession is Inevitable

    Albert Edwards, global strategist at Société Générale, believes a recession is inevitable. His prophecy relates to historical earnings trends.
  9. Chart Advisor

    Get Ready to Sell Goldman Sachs (GS)

    Goldman Sachs entered a new downtrend when it broke a long-term head and shoulders top in January 2016.
  10. Chart Advisor

    Earnings Unlikely to Bail Out Bank of America Bulls (BAC)

    This week's earnings report is unlikely to end Bank of America's new downtrend.
RELATED FAQS
  1. Which mutual funds made money in 2008?

    Read about the only mutual fund that turned a profit in 2008. Learn about risk-averse investment strategies and the financial ... Read Answer >>
  2. Do interest rates increase during a recession?

    Learn why interest rates do not rise in a recession; in fact, the opposite happens. Identify the factors that reduce interest ... Read Answer >>
  3. What are the risks of annuities in a recession?

    Distinguish between the most common types of annuities, and understand which types of annuities pose the most risk during ... Read Answer >>
  4. What is the Social Security administration responsible for?

    Learn about the Social Security Administration's main responsibilities along with its history, structure and social safety ... Read Answer >>
  5. Where are the Social Security administration headquarters?

    Learn about the Social Security Administration's headquarters, why it is not located in Washington, D.C. and how it has evolved ... Read Answer >>
  6. Is the Social Security administration a government corporation?

    Learn the difference between a government agency and a government corporation, and how the Social Security Administration ... Read Answer >>
Hot Definitions
  1. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  2. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  3. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
  4. DuPont Analysis

    A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are ...
  5. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
  6. Economies Of Scale

    Economies of scale is the cost advantage that arises with increased output of a product. Economies of scale arise because ...
Trading Center