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
In response to requests from House Select Subcommittee on the
Coronavirus Crisis Chair James Clyburn (D-SC), four companies that collectively received $595 million in Payroll Support Program funds have committed to retain...more
The Congressional Oversight Commission will hold its second public hearing today. The commissioners will examine and hear testimony regarding the Municipal Lending Facility established by the Federal Reserve pursuant to the...more
..The House Select Subcommittee on the Coronavirus Crisis held a remote hearing with civil rights advocates and public health experts to examine the steps that must be taken to ensure a free, fair, and safe general election...more
The Congressional Oversight Commission held its first hearing on August 7, focusing on the Federal Reserve’s $600 billion Main Street Lending Program. Commission members were critical of the program, with Democrat Bharat...more
Bharat Ramamurti, a Democratic member of the Congressional Oversight Commission, tweeted that the Commission will hold its first hearing on August 7, which will focus on the Federal Reserve’s Main Street Lending Program.
...more
8/10/2020
/ Congressional Committees ,
Congressional Investigations & Hearings ,
Congressional Oversight ,
Coronavirus/COVID-19 ,
Department of Labor (DOL) ,
Inspector General ,
Main Street Lending Programs ,
OSHA ,
Paycheck Protection Program (PPP) ,
Public Health Emergency ,
State Attorneys General
Senate Republicans unveiled an approximately $1 trillion virus relief package. The “Heals Act,” which differs significantly from the legislation House Democrats passed last month, includes more than $100 billion for schools -...more
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
Several news outlets reported that former Joint Chiefs of Staff Chairman Joseph Dunford is the leading contender to chair the Congressional Oversight Commission—a position that, under the CARES Act, must be jointly selected...more
The House Select Subcommittee on the Coronavirus Crisis launched an investigation into the disbursement of PPP funds by sending letters to the Treasury Department, SBA, and eight financial institutions. The letters were...more