On May 26, SBA Administrator Isabella Casillas Guzman began a series of hearings on the Hill that will continue through May 28. On May 26, she testified before the House Committee on Small Business in a hearing titled “An...more
6/1/2021
/ Biden Administration ,
Congressional Investigations & Hearings ,
Coronavirus/COVID-19 ,
Department of Labor (DOL) ,
OSHA ,
Paycheck Protection Program (PPP) ,
Pharmaceutical Industry ,
SBA ,
SBA Lending Programs ,
TRIPS Agreement ,
Vaccinations ,
Waivers
As part of its ongoing investigation into the Federal Reserve’s administration of pandemic relief lending programs, House Select Subcommittee on the Coronavirus Crisis Chair James E. Clyburn sent a letter to Fed Chair Jerome...more
5/14/2021
/ Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Enforcement Actions ,
Infectious Diseases ,
Legislative Agendas ,
Main Street Lending Programs ,
Municipal Liquidity Facility (MLF) ,
OSHA ,
Regulatory Oversight ,
SBA ,
State Attorneys General ,
Trump Administration ,
White Collar Crimes ,
Workplace Safety
As part of an ongoing investigation into a “failed” $35 million contract to provide six million N95 masks to the Department of Veterans Affairs (VA), House Select Subcommittee on the Coronavirus Crisis Chair James Clyburn...more
3/25/2021
/ CARES Act ,
Congressional Oversight ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
Executive Orders ,
Federal Contractors ,
Fraud ,
Nursing Homes ,
OSHA ,
SBA ,
SBA Lending Programs
Congress has been focused this past week on the aftermath of the January 6 attack on the Capitol, and the 232-197 vote to impeach President Trump for a second time, on a charge of “incitement of insurrection.” Meanwhile,...more
The Congressional Oversight Commission released its seventh report, which focuses on the Treasury and the Department of Defense’s $700 million loan to YRC Worldwide, Inc. The report is highly critical of the loan, noting that...more
12/4/2020
/ Airlines ,
American Civil Liberties Union (ACLU) ,
Congressional Committees ,
Congressional Oversight ,
Coronavirus/COVID-19 ,
Department of Defense (DOD) ,
Federal Loans ,
Healthcare Facilities ,
Loan Forgiveness ,
OSHA ,
Pandemic Response Accountability Committee (PRAC) ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
State Attorneys General ,
Transparency ,
Transportation Industry ,
U.S. Treasury
The Congressional Oversight Commission issued a statement on the Secondary Market Corporate Credit Facility (SMCCF), noting that the SMCCF “is still purchasing approximately $20 million worth of corporate bonds per day. The...more
11/19/2020
/ Cal-OSHA ,
Congressional Committees ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Oversight Committee ,
Paycheck Protection Program (PPP) ,
Price Gouging ,
SBA ,
SIGPR ,
State Attorneys General ,
Wire Fraud
The Select Subcommittee on the Coronavirus Crisis released a staff report on the Payroll Support Program, which Congress created to “preserve aviation jobs” by providing payroll assistance to companies in exchange for keeping...more
10/16/2020
/ Airlines ,
Aviation Industry ,
Centers for Disease Control and Prevention (CDC) ,
Congressional Committees ,
Coronavirus/COVID-19 ,
Department of Labor (DOL) ,
Financial Stimulus ,
Layoffs ,
OSHA ,
Relief Measures ,
SBA
Treasury and the SBA disclosed the identities of a portion of PPP loan recipients. The Washington Post has created a searchable database of the recipients. Politico reports that the revelation that wealthy businesses and...more