Majority Leader Harry Reid (D-NV) “today appointed U.S. Senator Ted Kaufman (D-DE) as a member of the Congressional Oversight Panel (COP), which oversees the Troubled Asset Relief Program (TARP),” according to a press release.
Kaufman will fill the position on COP formerly held by Elizabeth Warren.
The Panel is slated to expire six months after the expiration of TARP, on April 3, 2011. Although TARP is expiring, many of its programs will continue to spend money, and COP is expected to write six more reports.
Kaufman will continue to serve in the Senate until his successor is sworn in on November 15, 2010.
(credit image – daylife/associated press)