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
The Congressional Oversight Commission released its 12th report on April 30. The report focuses on a $700 million loan to trucking company Yellow Corporation (formerly known as YRC Worldwide) under the CARES Act loan program...more
5/7/2021
/ American Rescue Plan Act of 2021 ,
CARES Act ,
Congressional Oversight ,
Constitutional Challenges ,
Coronavirus/COVID-19 ,
Data Collection ,
Enforcement Actions ,
Financial Stimulus ,
Fraud ,
Government Investigations ,
Information Reports ,
Legal Opinion ,
National Security ,
Office of Legal Counsel (OLC) ,
OSHA ,
Paycheck Protection Program (PPP) ,
Restaurant Industry ,
SIGPR ,
State Attorneys General
On April 21, the Senate Committee on Commerce, Science, and Transportation Subcommittee on Aviation Safety, Operations and Innovation held a hearing entitled “Prepare for Takeoff: America’s Safe Return to Air Travel.” The...more
4/23/2021
/ Airlines ,
Congressional Committees ,
Congressional Investigations & Hearings ,
Coronavirus/COVID-19 ,
Enforcement Actions ,
Fraud ,
Inspector General ,
Pandemic Response Accountability Committee (PRAC) ,
Paycheck Protection Program (PPP) ,
Price-Fixing ,
State Attorneys General
Republican leaders urged their House Democrat counterparts to hold a joint hearing regarding the undercounting of COVID-19 deaths in New York nursing homes. The letter was signed by Energy and Commerce Ranking Member Cathy...more
3/12/2021
/ Congressional Committees ,
Congressional Investigations & Hearings ,
Congressional Oversight ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Enforcement Actions ,
Fraud ,
Nursing Homes ,
Paycheck Protection Program (PPP) ,
Settlement ,
State Attorneys General ,
Wire Fraud
On her first day as Chair of the Senate Committee on Commerce, Science and Transportation, Sen. Maria Cantwell (D-WA) said she would ask the FTC to look into N95 mask fraud, including 1.9 million counterfeits shipped to...more
2/19/2021
/ Amazon ,
CARES Act ,
Congressional Oversight ,
Coronavirus/COVID-19 ,
Counterfeiting ,
Enforcement Actions ,
Fraud ,
Identity Theft ,
Indictments ,
Masks ,
OSHA ,
Paycheck Protection Program (PPP) ,
State Attorneys General ,
Workplace Safety
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 Congressional Oversight Commission released its fourth report, which provides an in-depth analysis of the Federal Reserve’s Main Street Lending Program as well as updates regarding recent key actions the Treasury and the...more