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Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome H. Powell are testifying before the Senate Banking Committee today.

Lawmakers are pushing for more transparency on how Cares Act funds are spent.

washingtonpost.com/us-policy/2020…
Yesterday, a new Congressional Oversight Commission found that the Treasury has lent almost none of the $500 billion intended for coronavirus relief.

washingtonpost.com/us-policy/2020…
This shows Congressional oversight is essential to expose & prevent fraud & abuse of pandemic-related programs.

Last week we joined other oversight groups to urge the House Subcommittee on the Coronavirus to prioritize
oversight over emergency funds.
pogo.org/letter/2020/05…
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