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 O:L4YOL4YO08C04.xml 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 71 spect to the use of contracting authority and administration of the program. (ii) The impact of purchases made under the Act on the financial markets and financial institutions. (iii) The extent to which the informa- tion made available on transactions under the program has contributed to market transparency. (iv) The effectiveness of foreclosure mitigation efforts, and the effectiveness of the program from the standpoint of mini- mizing long-term costs to the taxpayers and maximizing the benefits for taxpayers. (B) TMNG.--The repress required under this paragraph shall be submitted not later than 30 days after the first exercise by the See- retaT of the authority under section 101(a) or 102, and event 30 days thereafter. (2) SPECIAL REPORT ON REGULATORY RE- FORM.--The Oversight Panel shall submit a special report on regulatoT reform not later than JanuaT 20, 2009, analyzing the current state of the regu- latoT system and its effectiveness at overseeing the participants in the financial system and protecting

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