WASHINGTON — The Congressional Oversight Panel is planning to release a report Thursday that calls the administration's small business lending programs a failure and casts doubt on a proposal to give banks government funds in an attempt to spur more lending.

In the report, COP reported that Treasury's previous efforts to spur small business lending, such as through the Troubled Asset Relief Program, Term Asset-Backed Securities Loan Facility and the Public-Private Investment Partnership, have had little impact on small business lending. The Tarp watchdog group said the administration's new small business plan to inject $30 billion from Tarp into community banks to boost lending may not increase lending and comes too late.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.