A professor in the University of Kentucky's Gatton College of Business and Economics has been appointed to a national committee to oversee federal bailout spending.
Senate Minority Leader Mitch McConnell of Kentucky appointed Ken R. Troske, 48, of Lexington. Troske will replace Paul S. Atkins on the panel. Atkins stepped down from the position this month.
Congress created the panel in 2008 as an independent watchdog over the United States Treasury's spending of $700 billion allotted to stabilize the American economy. The panel also reviews the current state of financial markets.
Troske, who holds a doctorate from the University of Chicago, has authored and co-authored several articles and journals in his field. He also serves as associate editor of the European Economic Review, and as a research fellow with the Institute for the Study of Labor, which is based in Bonn, Germany, according to a UK news release.
Troske said the group meets once a month, usually in Washington, D.C., and produces reports on the Troubled Asset Relief Program spending.
He will serve with Chairwoman Elizabeth Warren, a Harvard law professor; Richard Neiman, a former New York superintendent of banks; Damon Silvers, a former chairman with the United States Treasury Department Advisory Committee; and J. Mark McWatters, an attorney and certified public accountant from Texas.
Troske's first hearing will be on June 26 in Washington, D.C. The hearing will examine the events surrounding the federal bailout of AIG.
"It's going to be a long one," he said.