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
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
..Congressional Oversight Commissioner Rep. Donna Shalala (D-FL) lost her bid for reelection. Commissioner Rep. French Hill (R-AR) was reelected.
..The Congressional Oversight Commission released its sixth report, which...more
11/6/2020
/ Congressional Committees ,
Congressional Oversight ,
Coronavirus/COVID-19 ,
Federal Reserve ,
Information Reports ,
OSHA ,
Pandemic Response Accountability Committee (PRAC) ,
State Attorneys General ,
U.S. Treasury ,
Unions ,
Workplace Safety
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 released its fifth report, which focuses on the Federal Reserve’s Municipal Liquidity Facility (MLF). The MLF was established to help state and local governments better manage cash flow...more
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
House Select Subcommittee on the Coronavirus Crisis Chair Jim Clyburn (D-SC), Oversight & Reform Committee Chair Carolyn B. Maloney (D-NY), and Chair of the Oversight & Reform Subcommittee on Economic and Consumer Policy Raja...more
The chairs of the House Select Subcommittee on the Coronavirus Crisis, Financial Services Committee, and Oversight and Reform Committee sent letters to the outside directors of Eastman Kodak seeking documents tied to the...more
Senators Elizabeth Warren (D-MA) and Corey Booker (D-NJ) sent a letter to OSHA regarding the agency’s delayed response to the dozens of reports of COVID-19 outbreaks affecting thousands of workers in hundreds of meatpacking...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 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
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
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
WilmerHale’s COVID-19 Oversight and Enforcement Report offers a concise weekly roundup of notable congressional, executive branch, and state attorney general oversight and enforcement activity relating to the COVID-19...more
WilmerHale’s COVID-19 Oversight and Enforcement Report offers a concise weekly roundup of notable congressional, executive branch, and state attorney general oversight and enforcement activity relating to the COVID-19...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
The House Select Subcommittee on the Coronavirus Crisis held a briefing on racial health disparities in the coronavirus crisis. Participants explained that communities of color have been disproportionately impacted by the...more
6/12/2020
/ Civil Investigation Demand ,
Congressional Investigations & Hearings ,
Coronavirus/COVID-19 ,
Disparate Impact ,
Inspector General ,
Nursing Homes ,
Personal Protective Equipment ,
Presidential Nominations ,
Public Health ,
Research and Development ,
State Attorneys General ,
Vaccinations
House Democratic leaders have released an updated calendar and letter detailing their legislative priorities for the remainder of the year and how the House will do its work as the coronavirus pandemic maintains a grip on the...more
Welcome to the first edition of WilmerHale's COVID-19 Oversight and Enforcement Report, a weekly roundup of notable congressional, executive branch, and state attorney general oversight and enforcement activity relating to...more
On April 2, House Speaker Nancy Pelosi (D-CA) announced that Majority Whip James Clyburn (D-SC) will chair a bipartisan House select committee overseeing the government’s coronavirus expenditures. Approval is subject to a...more