Congressional Oversight Panel (COP),

Definition of Congressional Oversight Panel (COP):

1. A committee organized in 2008 to oversee the U.S. Treasurys involvement in the economic stabilization. The panel reviews the actions of the Office of Stabilization, as well as Federal Reserve banks and other financial bodies.

2. Congressional Oversight Panel - COP is 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) was 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.

3. The COP was also instructed to review the 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 of Federal spending through the Troubled Asset Relief Program (TARP).