Troubled Asset Relief Program
- Troubled Asset Relief Program
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USA
Established on October 3, 2008 under the Emergency Economic Stabilization Act of 2008, the Troubled Asset Relief Program (TARP) authorizes the Secretary of the Treasury Department to use up to $700 billion to purchase assets and equity from financial institutions as part of the US government's bailout of the financial sector.
For more information on TARP, see Practice Note, Government Bailout Programs (www.practicallaw.com/8-384-3367).
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
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