Weekly COVID-19 Oversight & Enforcement Report - July 2020

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 by House Speaker Nancy Pelosi (D-CA) and Senate Majority Leader Mitch McConnell (R-KY).

The House Select Subcommittee on the Coronavirus Crisis held a hearing on a recent GAO report raising concerns about how federal agencies are administering the $2.6 trillion appropriated by Congress during the pandemic. GAO found that the SBA is not prepared to address fraud risks associated with its small-business loans, and that the IRS and Treasury made payments to more than a million deceased individuals. Subcommittee Chairman Jim Clyburn (D-SC) said the report “details how missteps led to ‘significant delays in testing,’ shortages in critical supplies, and ‘significant risk’ of fraud in the [PPP].”

Please see full Report below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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