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S. 3578 · 116th Congress

COVID-19 Funding Accountability Act of 2020

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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

No cosponsors.

This bill provides oversight for the use of assistance provided to businesses under COVID-19 (i.e., coronavirus disease 2019) relief programs.

What it does: CRS summary · Introduced in Senate · Mar 24, 2020

COVID-19 Funding Accountability Act of 2020

This bill provides oversight for the use of assistance provided to businesses under COVID-19 (i.e., coronavirus disease 2019) relief programs.

The bill establishes a COVID-19 Relief Oversight Board.

The Office of Management and Budget shall issue regulations or guidelines necessary to address and manage or to prohibit conflicts of interest that may arise in connection with the administration and execution of the authorities provided under COVID-19 relief programs.

The bill sets limits on compensation and bonuses for senior executives of private entities receiving certain emergency financial assistance.

The Government Accountability Office shall commence ongoing oversight of the activities and performance of the programs and any agents of the executive branch invoking federal authority or rendering assistance to private entities in response to the COVID-19 outbreak.

The bill establishes (1) a special inspector general office for COVID-19 relief programs, and (2) the Congressional Oversight Panel in the legislative branch.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: COVID-19 Funding Accountability Act of 2020

Latest action (Mar 24, 2020): Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (Sponsor introductory remarks on measure: CR S2009; text: CR S2011-2013)

Policy area: Government Operations and Politics · Origin: Senate · Introduced: Mar 24, 2020

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.