Bill

Bill > HR6319


US HR6319

To establish a Congressional COVID-19 Aid Oversight Panel, to authorize the Special Inspector General for the Troubled Asset Relief Program to coordinate audits and investigations in connection with the receipt of Federal aid related to COVID-19, and for other purposes.


summary

Introduced
03/23/2020
In Committee
03/23/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To establish a Congressional COVID-19 Aid Oversight Panel, to authorize the Special Inspector General for the Troubled Asset Relief Program to coordinate audits and investigations in connection with the receipt of Federal aid related to COVID-19, and for other purposes. This bill establishes the congressional COVID-19 (i.e., coronavirus disease 2019) Aid Oversight Panel to report on the use and impact of COVID-19 aid on financial markets and institutions. The bill also authorizes the Office of the Special Inspector General for the Troubled Asset Relief Program to audit and investigate COVID-19 aid programs.

AI Summary

This bill establishes the Congressional COVID-19 Aid Oversight Panel to report on the use and impact of COVID-19 aid on financial markets and institutions. It also authorizes the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) to audit and investigate COVID-19 aid programs. The bill defines "COVID-19 emergency" as the period from the bill's enactment until the Securities and Exchange Commission determines the impact of COVID-19 on the financial system has ended, and "Federal aid" as emergency lending under the Federal Reserve Act or any federal financial support in the form of grants, loans, or loan guarantees.

Committee Categories

Business and Industry

Sponsors (31)

Last Action

Referred to the House Committee on Financial Services. (on 03/23/2020)

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