TARP Oversight Bill passes Oregon state House of Representatives

The Oregon state House of Representatives has passed a bill requiring greater oversight of so-called TARP funding in Oregon.
The US Congress passed the TARP, or Troubled Asset Relief Program, in the last days of the Bush administration, providing over seven hundred billion dollars in bailouts to banks and finance companies.
According to State Representative Chip Shields, who introduced the TARP Oversight bill in the Oregon House, the Federal Government has not provided enough oversight on how the money has been used. Oregon State Representative Chip Shields, who introduced the TARP Bank Oversight bill that has passed the Oregon House.