Department of the Treasury

Office of the Special Inspector 

General for TARP

(SIGTARP)

Congressional Budget

Justification and Annual 

Performance Plan and Report

FY 2024
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Table of Contents

Section I – Budget Request........................................................................................................... 3

A – Mission Statement................................................................................................................ 3

B – Summary of the Request ...................................................................................................... 3

1.1 – Appropriations Detail Table.......................................................................................... 4

1.2 – Object Classification (Schedule O) Obligations ........................................................... 4

Section II – Annual Performance Report................................................................................... 5

B – Budget and Performance by Budget Activity ...................................................................... 5

2.1.1 – Investigations Resources and Measures.......................................................................... 5

Investigations Budget and Performance ..................................................................................... 5

2.1.2 – Audit Resources and Measures....................................................................................... 5

Audit Budget and Performance................................................................................................... 5

Section III – Additional Information .......................................................................................... 6

A – Summary of Capital Investments......................................................................................... 6
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Section I – Budget Request

A – Mission Statement

The mission of the Office of the Special Inspector General for the Troubled Asset Relief Program 

(SIGTARP) is to prevent and detect fraud, waste, and abuse in the more than $442 billion

appropriated by Congress in the Emergency Economic Stabilization Act of 2008 (EESA) (P.L. 

110-343) and $2 billion appropriated through the Consolidated Appropriations Act of 2016, and 

to promote economy, efficiency, effectiveness, and accountability in these economic stability 

programs. 

SIGTARP received an initial appropriation of $50 million in permanent, indefinite budget 

authority in EESA. The Public-Private Investment Program Improvement and Oversight Act of 

2009 (12 U.S.C. 5231a) provided $15 million in supplemental funding. Since 2010, SIGTARP 

has received annual appropriations to fund its operations. 

B – Summary of the Request

The FY 2024 Budget does not include a request for additional funds as SIGTARP has sufficient 

no-year carryover balances to enable it to conclude orderly sunset activities in 2024.

Since Congress created the SIGTARP under the EESA, SIGTARP has delivered for American 

taxpayers. As a law enforcement office, SIGTARP has a proven record of identifying and 

investigating fraud and other crime. SIGTARP investigations have resulted in the recovery of at 

least $11.3 billion, with criminal prosecutions by the Department of Justice and others of 469 

defendants—321 of them sentenced to prison, including 75 bankers. Our investigations have also 

resulted in enforcement actions against 25 corporations/entities, including enforcement actions 

against many of the largest U.S. financial institutions. As an independent watchdog, SIGTARP 

has consistently identified fraud, waste, abuse, ineffectiveness, inefficiency, and risk in EESA 

programs, and brought transparency to EESA. 

SIGTARP is actively conducting evaluations and investigations of EESA’s Home Affordable 

Modification Program (HAMP), which provides foreclosure relief for more than 550,000 

homeowners. As of December 2022, Treasury provided approximately $730 million in 

obligated/committed funds to keep these homeowners in their homes. This program supports 

Treasury’s strategic objectives of promoting equitable financial recovery and growth, and a stable 

and resilient housing market. SIGTARP remains committed to fulfilling its mission to bring 

accountability for fraud, waste, and abuse, and ensure HAMP is effective, efficient, and free of 

inappropriate risk or vulnerability. Any open, confidential cases related to HAMP, including cases

being worked in partnership with the Department of Justice, will be turned over to appropriate 

Federal agencies for completion upon SIGTARP sunset.

SIGTARP audits ensure that EESA programs operated effectively and efficiently, that Federal 

dollars were used as Congress intended, and that the government did not pay more for EESA than 

was necessary. All final audit products will be complete in FY 2023.
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In accordance with the requirements of Section 6(f)(1) of the Inspector General Act of 1978 (as

amended),[1] SIGTARP submits the following information related to its FY 2024 budget request:

The aggregate budget request for SIGTARP operations is $0.

The Budget does not include a request for additional funds as SIGTARP has sufficient no-year

carryover balances to enable it to conclude orderly sunset activities in 2024. A portion of

SIGTARP No-year funds will be used to fund $3,000 in training; and approximately $25,000 to 

support the Council of the Inspectors General on Integrity and Efficiency.

1.1 – Appropriations Detail Table

Dollars in Thousands

FY 2022 FY 2023 FY 2024 FY 2023 to FY 2024

Appropriated Resources Operating Plan Operating Plan Request % Change

New Appropriated Resources FTE AMOUNT FTE AMOUNT FTE AMOUNT FTE AMOUNT

Investigations 38 $13,665 30 $7,850 0 $0 -100.0% -100.0%

Audits 5 $2,335 5 $1,150 0 $0 -100.0% -100.0%

Subtotal New Appropriated Resources 43 $16,000 35 $9,000 0 $0 -100.0% -100.0%

Other Resources

Resources from No Year Account 0 $3,000 0 $7,500 12 $5,700 NA 76.0%

Subtotal Other Resources 0 $3,000 0 $7,500 12 $5,700 NA 75.0%

Total Budgetary Resources 43 $19,000 35 $16,500 12 $5,700 -100.0% -24.0%

FY 2022 Other Resources and Full-time Equivalents (FTE) reflect actuals. 

1.2 – Object Classification (Schedule O) Obligations

Dollars in Thousands

FY 2022 FY 2023 FY 2024

Object Classification

Actual

Obligations

Estimated

Obligations

Estimated

Obligations

11.1 - Full-time permanent 5,179 1,650 1,008 

11.3 - Other than full-time permanent 2,630 1,200 0 

11.5 - Other personnel compensation 502 1,300 392 

11.9 - Personnel Compensation (Total) 8,311 4,150 1,400 

12.0 - Personnel benefits 1,977 1,850 550 

Total Personnel and Compensation Benefits $10,288 $6,000 $1,950 

21.0 - Travel and transportation of persons 65 0 20 

23.2 - Rental payments to others 176 0 0 

23.3 - Communications, utilities, and miscellaneous charges 40 0 1 

25.1 - Advisory and assistance services 390 0 1 

25.2 - Other services from non-Federal sources 0 0 12 

25.3 - Other goods and services from Federal sources 5,074 3,000 2,785 

25.7 - Operation and maintenance of equipment 1 0 2 

26.0 - Supplies and materials 35 0 10 

31.0 - Equipment 18 0 1 

Total Non-Personnel $5,799 $3,000 $2,832 

Total Obligations $16,087 $9,000 $4,782 

Full-time Equivalents (FTE) 43 35 12

Amounts reflect obligations of annually appropriated resources, carryover balances, reimbursables, and transfers. 

FY 2024 FTE will be funded by resources from No Year account carryover balance.

[1] 5 U.S.C. app. 3 § 6(f)(1).
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Section II – Annual Performance Report

B – Budget and Performance by Budget Activity

2.1.1 – Investigations Resources and Measures

Dollars in Thousands

FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024

 Resource Level Actual Actual Actual Actual Actual Operating 

Plan Request

Appropriated Resources $28,855 $19,550 $18,920 $16,550 $13,665 $7,850 0

Resources from No-year Account $1,311 $1,000 $1,000 $3,000 $3,000 $7,500 $5,700 

Budget Activity Total $30,166 $20,550 $19,920 $19,550 $16,665 $15,350 $5,700 

Full-time Equivalents (FTE) 106 87 72 65 38 30 12

Performance Measure

FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2022 FY 2023 FY 2024

Actual Actual Actual Actual Actual Target Target Target

% of Cases Accepted for 

Consideration by Civil or Criminal 

Authorities Resulting in a Positive 

Final Outcome

79 77 77 77 75 70 50 0

% of Cases Presented to Civil or 

Criminal Authorities within Eight 

Months of Being Opened

85 75 75 71 80 65 70 0

% of Cases That are Joint 

Agency/Task Force Investigations 78 76 86 90 75 70 70 0

Investigations Budget and Performance

($5,700,000 from other resources)

SIGTARP met all metric targets in FY 2022. The “Percentage of Cases Accepted for 

Consideration by Civil or Criminal Authorities Resulting in a Positive Final Outcome” in

FY 2022 was 75 percent; the “Percentage of Cases Presented to Civil or Criminal Authorities 

within Eight Months of the Case Being Opened” was 80 percent; the “Percentage of Cases that 

are Joint Agency/Task Force Investigations” with other law enforcement agencies was 75 percent.

2.1.2 – Audit Resources and Measures

Dollars in Thousands

FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024

 Resource Level Actual Actual Actual Actual Actual Operating 

Plan Request

Appropriated Resources $5,092 $3,450 $3,080 $2,450 $2,335 $1,150 0

Resources from No-year Account $231 0 0 0 0 0 0

Budget Activity Total $5,323 $3,450 $3,080 $2,450 $2,335 $1,150 0

Full-time Equivalents (FTE) 25 9 8 9 5 5 0

Performance Measure

FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2022 FY 2023 FY 2024

Actual Actual Actual Actual Actual Target Target Target

Number of Completed Audit Products 

Identifying Waste, Abuse, 

Mismanagement, Inefficiencies, or 

Referrals to Investigations Division 

(units)

6 4 4 3 3 3 2 0

Audit Budget and Performance

SIGTARP met its FY 2022 audit performance target with three products.
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Section III – Additional Information

A – Summary of Capital Investments

SIGTARP has no capital investments. Capital investments that support SIGTARP are included in 

the Departmental Offices’ plan. A summary of capital investments, including major information 

technology and non-technology investments, can be accessed at: 

https://www.treasury.gov/about/budget-performance/Pages/summary-of-capital-investments.aspx. 

This website also contains a digital copy of this document.