United States HR 6319: To establish a Congressional COVID-19 Aid Oversight Panel, to authorize the Special Inspector General for the Troubled Asset Relief Program to coordinate audits and investigations in connection with the receipt of Federal aid related to COVID-19, and for other purposes.
Status: Introduced in House (as of 2020-03-23)
State: United States · Session: 116 · Bill: HR 6319
Subjects: Advisory bodies, Banking and financial institutions regulation, Cardiovascular and respiratory health, Congressional operations and organization, Congressional oversight, Economic performance and conditions, Emergency medical services and trauma care, Financial crises and stabilization, Financial services and investments, Government lending and loan guarantees, Government studies and investigations, Infectious and parasitic diseases, Securities
Sponsors: Dean Phillips, Ann Kirkpatrick, Anthony G. Brown, BRAD SHERMAN, Ben McAdams, Bradley Scott Schneider, Cynthia Axne, DIANA DEGETTE, Daniel William Lipinski, Darren Soto, David Scott, EARL BLUMENAUER, ELEANOR HOLMES NORTON, Ed Case, Gilbert Ray Cisneros, Jackie Speier, Jahana Hayes, Jim Costa, Joe Cunningham, Josh Gottheimer, Kathleen M. Rice, Kurt Schrader, MAXINE WATERS, Madeleine Dean, Mikie Sherrill
Bill Text
I 116THCONGRESS 2 DSESSION H. R. 6319 To establish a Congressional COVID–19 Aid Oversight Panel, to authorize the Special Inspector General for the Troubled Asset Relief Program to coordinate audits and investigations in connection with the receipt of Federal aid related to COVID–19, and for other purposes. IN THE HOUSE OF REPRESENTATIVES MARCH23, 2020 Mr. P HILLIPSintroduced the following bill; which was referred to the Committee on Financial Services A BILL To establish a Congressional COVID–19 Aid Oversight Panel, to authorize the Special Inspector General for the Troubled Asset Relief Program to coordinate audits and investigations in connection with the receipt of Fed- eral aid related to COVID–19, and for other purposes. Be it enacted by the Senate and House of Representa-1 tives of the United States of America in Congress assembled, 2 SECTION 1. CONGRESSIONAL COVID–19 AID OVERSIGHT 3 PANEL. 4 (a) E STABLISHMENT.—There is hereby established 5 the Congressional COVID–19 Aid Oversight Panel (here-6 VerDate Sep 11 2014 20:54 Apr 07, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H6319.IH H6319 pamtmann on DSKBC07HB2PROD with BILLS 2 •HR 6319 IH after in this section referred to as the ‘‘Oversight Panel’’) 1 as an establishment in the legislative branch. 2 (b) D UTIES.—The Oversight Panel shall review the 3 current state of the financial markets and the regulatory 4 system and submit regular reports to Congress on the fol-5 lowing: 6 (1) The use of Federal aid related to COVID– 7 19. 8 (2) The impact of Federal aid related to 9 COVID–19 on the financial markets and financial 10 institutions. 11 (c) M EMBERSHIP.— 12 (1) I N GENERAL.—The Oversight Panel shall 13 consist of 5 members, as follows: 14 (A) One member appointed by the Speaker 15 of the House of Representatives. 16 (B) One member appointed by the minor-17 ity leader of the House of Representatives. 18 (C) One member appointed by the majority 19 leader of the Senate. 20 (D) One member appointed by the minor-21 ity leader of the Senate. 22 (E) One member appointed by the Speaker 23 of the House of Representatives and the major-24 ity leader of the Senate, after consultation with 25 VerDate Sep 11 2014 20:54 Apr 07, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H6319.IH H6319 pamtmann on DSKBC07HB2PROD with BILLS 3 •HR 6319 IH the minority leader of the Senate and the mi-1 nority leader of the House of Representatives. 2 (2) P AY.—Each member of the Oversight Panel 3 shall each be paid at a rate equal to the daily equiv-4 alent of the annual rate of basic pay for level I of 5 the Executive Schedule for each day (including trav-6 el time) during which such member is engaged in 7 the actual performance of duties vested in the Com-8 mission. 9 (3) P ROHIBITION OF COMPENSATION OF FED-10 ERALEMPLOYEES.—Members of the Oversight 11 Panel who are full-time officers or employees of the 12 United States or Members of Congress may not re-13 ceive additional pay, allowances, or benefits by rea-14 son of their service on the Oversight Panel. 15 (4) T RAVEL EXPENSES.—Each member shall 16 receive travel expenses, including per diem in lieu of 17 subsistence, in accordance with applicable provisions 18 under subchapter I of chapter 57 of title 5, United 19 States Code. 20 (5) Q UORUM.—Four members of the Oversight 21 Panel shall constitute a quorum but a lesser number 22 may hold hearings. 23 VerDate Sep 11 2014 20:54 Apr 07, 2020 Jkt 099200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H6319.IH H6319 pamtmann on DSKBC07HB2PROD with BILLS 4 •HR 6319 IH (6) VACANCIES.—A vacancy on the Oversight 1 Panel shall be filled in the manner in which the 2 original appointment was made. 3 (7) M EETINGS.—The Oversight Panel shall 4 meet at the call of the Chairperson or a majority of 5 its members. 6 (d) S TAFF.— 7 (1) I N GENERAL.—The Oversight Panel may 8 appoint and fix the pay of any personnel as the 9 Oversight Panel considers appropriate. 10 (2) E XPERTS AND CONSULTANTS.—The Over-11 sight Panel may procure temporary and intermittent 12 services under section 3109(b) of title 5, United 13 States Code. 14 (3) S TAFF OF AGENCIES.—Upon request of the 15 Oversight Panel, the head of any Federal depart-16 ment or agency may detail, on a reimbursable basis, 17 any of the personnel of that department or agency 18 to the Oversight Panel to assist it in car
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