Joint Economic Committee Chairman Carolyn Maloney called on regulators Tuesday to follow a recommendation by the head of the Troubled Asset Relief Program oversight panel and to continue administering stress tests to the nation's largest financial institutions.

Elizabeth Warren, who heads the oversight panel, testified before Maloney's committee on the findings of a report released Tuesday which said the stress tests were helpful but too limited. Warren said the tests were limited by the self-reporting of data from the institutions, and by the fact that the Fed evaluated worst-case scenarios only through next year.

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