S.3578 - COVID-19 Funding Accountability Act of 2020116th Congress (2019-2020) |
|Sponsor:||Sen. Grassley, Chuck [R-IA] (Introduced 03/24/2020)|
|Committees:||Senate - Homeland Security and Governmental Affairs|
|Latest Action:||Senate - 03/24/2020 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (Sponsor introductory remarks on measure: CR S2009; text: CR S2011-2013) (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.3578 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (03/24/2020)
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.