House looks to ease reporting requirements for stimulus, TARP

Today, quarterly reports are required from the Congressional Budget Office (CBO) and the Government Accountability Office on money spent under the stimulus, also known as the American Recovery and Reinvestment Act. But Garrett's bill would turn that into an annual reporting requirement.

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CBO and the Office of Management and Budget are required to make semi-annual reports on TARP, but the bill would make those annual reports as well.

Garrett's bill is one of many suspension bills being taken up this week, all of which will require a two-thirds majority vote for passage.