A disbanded congressional committee said the federal government should end its “special tax deal” with American International Group (AIG) that has resulted in $17.7 billion in profits for the company since 2008.

U.S. Treasury Secretary Timothy Geithner told a congressional oversight group June 22 that the federal bailout of American International Group in 2008 could cost the U.S. taxpayers money.

American International Group said it plans to adhere to the original terms of a deal where it would sell its American International Assurance Co. (AIA) unit to Prudential plc for $35.5 billion and not renegotiate a price.

The president and CEO of American International Group told a congressional panel that not only would the insurer repay the more than $132 billion it was loaned by taxpayers, but would pay more than it received.