Speaker Nancy Pelosi (D-CA) said the House is planning to bring a coronavirus relief bill to a vote the first week of February. On the Senate side, Majority Leader Chuck Schumer (D-NY) said he aims to secure passage of the...more
President Biden will seek quick Senate approval of his $1.9 trillion COVID-19 relief package, the American Rescue Plan. The package includes more than $400 billion to combat the pandemic directly, including money to...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
As lawmakers debate whether to extend the Federal Reserve’s emergency loan programs, Congressional Oversight Commissioners are divided on the issue. The New York Times reported that Commissioner Senator Pat Toomey (R-PA) is...more
11/13/2020
/ Amicus Briefs ,
Appropriation ,
Congressional Committees ,
Coronavirus/COVID-19 ,
Credit Facilities ,
Federal Budget ,
Federal Reserve ,
Financial Stimulus ,
Immigration Procedures ,
Municipalities ,
OSHA ,
Presidential Proclamations ,
Relief Measures ,
Small Business ,
State Attorneys General ,
U.S. Treasury
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
The House Select Subcommittee on the Coronavirus Crisis held a hybrid hearing with Treasury Secretary Steven Mnuchin regarding the Trump Administration’s response to the current economic crisis. Secretary Mnuchin urged...more
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