Weekly COVID-19 Oversight & Enforcement Report - August #4

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 Federal Reserve have taken regarding all of the lending programs and facilities under Subtitle A of the CARES Act. The Commission found the Federal Reserve has used only 0.07% of its $600 billion lending capacity in the Main Street Lending Program.

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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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