Practical Law Glossary Item 7-386-1154 (Approx. 2 pages)
Glossary
TARP
The Troubled Asset Relief Program (TARP) authorized the Secretary of the Treasury Department to use up to $700 billion to purchase assets and equity from financial institutions as part of the US government's bailout of the financial sector.
TARP was established on October 3, 2008 under the Emergency Economic Stabilization Act of 2008. For more information on TARP, see Practice Note, Government Bailout Programs.