The Congressional Oversight Panel was created by Congress to monitor and review the implementation of the $700 billion Trouble Asset Relief Program (TARP) by the U.S. Department of the Treasury. The Panel's work focused on the global financial crisis of 2007-2009 and government policies surrounding it. This involved assessing Treasury's strategy and activities under TARP, as well as the impact of troubled assets. The Panel presented their findings through reports and testimonies, in collaboration with the Senate leaders and officers. Treasury established multiple programs under TARP to stabilize the U.S. financial system, stimulate economic growth, and prevent foreclosures, but the Panel remained concerned about their effectiveness. These insights were conveyed in various reports over the course of TARP's implementation.